Max Keiser

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Max Keiser
Max keiser in a london taxi.jpg
Max Keiser in a London taxi (2007)
Born Timothy Maxwell Keiser
(1960-01-23) January 23, 1960 (age 54)
New Rochelle, New York, United States
Residence London, England
Education New York University
Occupation Journalist
Notable credit(s) Hollywood Stock Exchange, People & Power, The Oracle with Max Keiser, Karmabanque
Spouse(s) Stacy Herbert
Website
http://maxkeiser.com

Timothy Maxwell "Max" Keiser (born January 23, 1960) is an American broadcaster and film maker. He hosts Keiser Report, a financial program broadcast on Russian state media channel RT. Until November 2012, Keiser anchored On the Edge, a program of news and analysis hosted by Iran's Press TV.[1] He hosted the New Year's Eve special The Keiser's Business Guide to 2010 for BBC Radio 5 Live.[2] Keiser presented a season of The Oracle with Max Keiser on BBC World News. He produced and appeared in the TV series People & Power on the Al-Jazeera English network. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post.[3] He currently lives in London.[4]

Keiser co-invented "Virtual Specialist Technology" which is a phrase he created and only used by himself to describe a software system used by the Hollywood Stock Exchange.

Early career[edit]

Keiser grew up in Westchester County, New York. After studying theatre at New York University, he took a variety of jobs including stand-up comedy and on radio. He then took a part-time job as a stock broker in the 1980s at Paine Webber and Oppenheimer and Co. Inc. (at their midtown office under David Tufts, across from Hurleys), at a time when it "required no talent whatsoever to make gobsmacking amounts of money".[4]

Hollywood Stock Exchange[edit]

Keiser is the creator, co-founder, and former CEO of HSX Holdings/Hollywood Stock Exchange, later sold to Cantor Fitzgerald.[5] Alongside Michael R. Burns, he co-created the Hollywood Stock Exchange,[6] on which the Hollywood Stock Exchange operates. which allows traders to exchange virtual securities, such as "MovieStocks" and "StarBonds", with convertible virtual currency, the "Hollywood Dollar".

Broadcasting career[edit]

Keiser presented Rumble at the Box Office[7] for NBC's Access Hollywood. He also produced and hosted the weekly talk show Buy, Sell, Hold for CBS radio's KLSX in Los Angeles, CA. Currently, he presents The Truth About Markets on Resonance 104.4 FM in London.

People & Power[edit]

Main article: People & Power

Keiser produced 10 short documentary films covering aspects of financial markets for Al Jazeera's series People & Power.[8] The films include Rigged Markets,[9] Money Geyser,[10] Death of the Dollar,[11] Peaked,[12] Extraordinary Antics,[13] Savers vs Speculators,[14] Banking On It,[15] Private Finance or Public Swindle?[16] and Focus on Locusts.[17]

The Oracle with Max Keiser[edit]

A pilot episode was produced for Al-Jazeera English titled The Oracle. The show was developed into a series for BBC World News.[18] The series first aired on 9 January 2009, and ran for ten episodes. It explored financial current affairs from the perspective of prediction markets. It was intended to be a humorous take on financial news before it happens, as an "oracle" of the economic future.

On the Edge[edit]

A weekly half-hour financial commentary show that started in 2009 and is broadcast on Press TV, featuring interviews with well-known alternative economists.[19]

The Keiser Report[edit]

Since September 2009, Keiser has hosted The Keiser Report with financial news and analysis, on the RT network.[20] The 30-minute program is produced three times a week. His wife, Stacy Herbert, [21] is the co-host; she banters with Keiser on headlines and commentary.[4] Each episode is divided into two parts. In the first half, Keiser and Herbert alternately discuss a current financial topic, comment on financial media reports, and provide commentary on the actions of bankers. The second half features a guest interview, either face-to-face in the studio or through video conferencing, conducted by Keiser.

An episode broadcast in September 2011 featured an interview with comedienne Rosanne Barr, who stated that her solution to the financial crisis was to "bring back the guillotine".[22]

According to Forbes magazine, the economist Sandeep Jaitly of the Gold Standard Institute was forced to resign following comments made on Keiser's show.[23]

Since March 2012, The Keiser Report is translated into Spanish Keiser Report en español.

Financial punditry[edit]

Keiser has appeared as a financial pundit on a number of news networks. Keiser called for a "fatwā" against Hank Paulson[24] on Al Jazeera in response to the Troubled Asset Relief Program (TARP). In a later broadcast Keiser said, "Paulson stinks."[25] Keiser has advised investors to buy gold and especially silver, in order to undermine "the banksters". In November 2012, he predicted that the UK pound was about to collapse.[4]

Activism[edit]

Karmabanque[edit]

Keiser founded the hedge fund Karmabanque, which sought to profit from any decline in equity value of companies that are susceptible to boycott from environmental groups.[26] The hedge fund's progress was followed monthly in The Ecologist magazine.[27] Its targets included Coca-Cola[28] and McDonald's.

The Karmabanque hedge fund project was designed to simultaneously short-sell companies while funneling profits into environmental and ethical-business pressure groups that further act to drive down the companies' stock prices. Describing the project, Keiser stated, "The Internet allows people, activists, from all over the world to gather, or swarm, and hit a company where it hurts most—in their stock price."[29]

The Guardian newspaper described Keiser's Karmabanque hedge fund as a "fantastical scheme" and accused him of trying to exist "beyond the normal forces and controls of society".[30] A spokesman for Ryanair said, "Since they put Ryanair on their list, our share price has gone up by 10 percent. We are always delighted to be part of a list which includes Coca-Cola, Starbucks, and Wal-Mart."[31]

Extraordinary Antics[edit]

In the Al-Jazeera short film Extraordinary Antics,[32] Keiser traveled to Milan and Venice to find out how CIA station chief Robert Seldon Lady and his fellow CIA agents spent $500,000 on a procedure known as extraordinary rendition, an illegal practice that resulted in an Egyptian citizen, who had been granted asylum in Italy, being abducted and tortured in Cairo.

The CIA was prosecuted for the case and Lady was found guilty in a Milan court. He was sentenced on 9 November 2009 to nine years in prison, according to The Guardian.[citation needed] This verdict was upheld on appeal. The U.S. refuses to extradite Lady to Italy.[33]

Crash JP Morgan—buy silver[edit]

Keiser has labeled JPMorgan Chase "the biggest financial terrorist on Wall Street" in relation to their alleged manipulation of the price of silver.[34] Keiser created a campaign called "Crash JP Morgan—buy silver",[35][36][37] whereby people buy silver bullion, thus raising its price and leaving JP Morgan with a huge short position to cover, the margin of which are collateralized by JPMorgan's own stock price, bankrupting itself. The campaign was introduced on the Alex Jones Radio show in November 2010.[38] Writing in The Guardian in December 2010,[39] Keiser suggested that the text "crash jp morgan buy silver" should be used as a googlebomb to virally promote the campaign.

Adweek magazine described Keiser as "the most visible character in an underground movement that has spurred hundreds of blog posts and videos, and played some small part in driving up the price of precious metals".[40]

Keiser drew criticism at the 2000 ShowBiz Expo in Las Vegas when he said of media content that "Everything is inescapably going to a price point called free." In response, Kevin Tsujihara, executive vice president of New Media at Warner Bros., commented that "Piracy.com" will be the victor if superior content is available on sites supported by advertisements.[41]

In 2005, Steven Milloy, the "Junk Science" commentator, demanded that Keiser be removed from the panel of the Triple Bottom Line Investing conference, where he was scheduled to appear. Milloy accused Keiser of making threats against his organization[42] and petitioned sponsors Calvert Investments and KLD Research & Analytics to withdraw from the project.[43] Robert Rubenstein, founder of conference organiser Brooklyn Bridge, stated that Keiser's comments "do not constitute a threat to person or property and are not related to the conference or the content that will be presented there".

The Atlantic magazine's The Wire website speculated that a Downfall parody video created to promote Keiser's campaign was implicated in the sacking of Grant Williams, the Asia equity trading head at J.P. Morgan.[44]

Bitcoin[edit]

In a 2013 interview with Bradford MP George Galloway, Keiser stated that if he had financial control over the City of he would base the entire economy on the Bitcoin digital currency.[45]

MaxCoin[edit]

In January 2014 Max Keiser launched a cryptocurrency called "MaxCoin", which was created by two Computer Science students, Luke Mitchell and Jordan Fish, from the University of Bristol. MaxCoin was launched during episode 555 of the Keiser Report.[46]

StartCOIN[edit]

In June 2014 Max Keiser launched a cryptocurrency called "StartCOIN" for use as the main currency for crowd-funding site StartJOIN.

See also[edit]

References[edit]

  1. ^ "Press TV website, programme list". Presstv.ir. Retrieved 2011-05-10. 
  2. ^ "Radio 5 live Programmes – The Keiser's Business Guide to 2010". BBC. Retrieved 2011-05-10. 
  3. ^ Keiser, Max. "Collection of articles". Huffingtonpost.com. Retrieved 2011-05-10. 
  4. ^ a b c d Robert Chalmers (4 November 2012). "Max Keiser: 'Barack Obama is clueless. Mitt Romney will bankrupt the country'". The Independent (London). Retrieved 6 November 2012. 
  5. ^ [1][dead link]
  6. ^ "Computer-implemented securities trading system with a virtual specialist function - HSX, Inc". Freepatentsonline.com. 1996-03-25. Retrieved 2013-11-30. 
  7. ^ Braunstein, Peter (1999-11-16). "Access' Denied". Village Voice. Retrieved 2010-10-26. 
  8. ^ People and Power (TV Series 2007– ) at the Internet Movie Database
  9. ^ "Rigged Markets". English.aljazeera.net. Retrieved 2011-05-10. 
  10. ^ "Money Geyser". English.aljazeera.net. Retrieved 2011-05-10. 
  11. ^ "Death of the Dollar 2". English.aljazeera.net. 2008-02-08. Retrieved 2011-05-10. 
  12. ^ Peaked (TV episode 2008 #1.22) at the Internet Movie Database
  13. ^ "Extraordinary Antics - People & Power". Al Jazeera English. Retrieved 2013-11-30. 
  14. ^ "Savers vs speculators - People & Power". Al Jazeera English. Retrieved 2013-11-30. 
  15. ^ "Banking on it - People & Power". Al Jazeera English. Retrieved 2013-11-30. 
  16. ^ "Private finance or public swindle?". English.aljazeera.net. 2008-03-17. Retrieved 2011-05-10. 
  17. ^ "Focus on locusts". English.aljazeera.net. Retrieved 2011-05-10. 
  18. ^ "BBC News – World Radio and TV". Bbcworldnews.com. 2011-04-26. Retrieved 2011-05-10. 
  19. ^ "Press TV". Presstv.ir. 2010-10-22. Retrieved 2013-11-30. 
  20. ^ "Keiser Report – RT Programs". Rt.com. Retrieved 2011-05-10. 
  21. ^ "Keiser Report: Next American Revolution (E385) (ft. Gerald Celente)". YouTube. 2012-12-27. Retrieved 2013-11-30. 
  22. ^ "Roseanne Barr: 'Guilty' Wall Street Bankers Should Be Sent to Reeducation Camps or Beheaded". Fox News. 2011-10-03. Retrieved 2013-11-30. 
  23. ^ Jon Matonis (2012-08-26). "Economist Appearing On Max Keiser Show Forced To Resign". Forbes.com. 
  24. ^ "Max Keiser – Aljazeera English News – 16 November 2008". YouTube. Retrieved 2011-05-10. 
  25. ^ "Afshin Rattansi : Global Rate Cuts". YouTube. Retrieved 2011-05-10. 
  26. ^ "Hedge Fund Shorts Its Way Into Political Activism". Commondreams.org. 2004-11-23. Retrieved 2013-11-30. 
  27. ^ [2][dead link]
  28. ^ Paul Marinko (2004-11-25). "Campaign aims to hit Coke where it hurts | Business". London: The Guardian. Retrieved 2013-11-30. 
  29. ^ Kostigen, Thomas M. (2004-12-25). "Hedge Funds Banking on Social and Moral Issues". washingtonpost.com. Retrieved 2013-11-30. 
  30. ^ "Notebook: Iconic dotcom has lost its way | Business". London: The Guardian. 2004-11-26. Retrieved 2013-11-30. 
  31. ^ "Max Keiser, Ryanair and the eco fears forcing their way onto the share price – Indymedia Ireland". Indymedia.ie. Retrieved 2011-05-10. 
  32. ^ "Extraordinary Antics, Part 1". Youtube.com. 2007-06-18. Retrieved 2011-05-10. 
  33. ^ Mascolo, Georg (2007-01-10). "Milan's Extraordinary Renditions Case: The CIA in the Dock - SPIEGEL ONLINE". Spiegel.de. Retrieved 2013-11-30. 
  34. ^ Taylor, Jeff. "Max Keiser tells the world to Crash JP Morgan, buy silver". The Economic Voice. Retrieved 15 November 2010. 
  35. ^ Keiser, Max. "Crash JP Morgan Buy Silver says Max Keiser". Max Keiser. Retrieved 15 November 2010. 
  36. ^ Zarowny, Andrew (November 14, 2010). "Crash JP Morgan Buy Silver – Growing Economic Guerrilla War to Crash Bank with Silver Bullets". Rightpundits.com. Retrieved November 15, 2010. 
  37. ^ Taylor, Jeff (November 12, 2010). "Max Keiser tells the world to Crash JP Morgan, buy silver". The Economic Voice. Retrieved November 15, 2010. 
  38. ^ "Crash JPMorgan Buy Silver campaign goes global". United Nations of Film. 
  39. ^ Max Keiser (2010-12-02). "Want JP Morgan to Crash? Buy Silver". London: The Guardian. Retrieved 2010-12-02. 
  40. ^ Braiker, Brian (2011-06-02). "Silver Bug Goes Viral With Marketing War Max Keiser has become a fringe media star thanks to the Web". Adweek. Retrieved 2013-11-30. 
  41. ^ Ann Donahue (2000-06-26). "Showbiz Expo focus: Tech issues". Variety. Retrieved 2013-11-30. 
  42. ^ "Advocacy". Free Enterprise Action Fund. Retrieved 2011-05-10. 
  43. ^ "Clear Profit". Clear Profit. 2005-11-16. Retrieved 2011-05-10. 
  44. ^ Connor Simpson (2013-07-08). "Here's the Jamie Dimon 'Downfall' Parody That Cost a Bank $1.86 Million". The Wire. 
  45. ^ "Is George Galloway To Fight Boris Johnson For Mayor Of London Job?". The Huffington Post. Retrieved 2013-11-30. 
  46. ^ http://rt.com/shows/keiser-report/episode-555-max-keiser-255/

External links[edit]