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From Wikipedia, the free encyclopedia

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 59)
ResidenceNorth Carolina
EducationNew York University
OccupationJournalist
Notable credit(s)
Hollywood Stock Exchange, People & Power, Karmabanque
Spouse(s)Stacy Herbert
Websitemaxkeiser.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 the media channel RT (formerly known as Russia Today) that features heterodox economics theories. 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.

Alongside his wife Stacy Herbert, he co-hosts the weekly economics programme Double Down on Radio Sputnik, presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post.[3] He lived in London for many years,[4] but vowed to return if Trump was elected president.

Early career

Keiser grew up in Westchester County, New York. After studying theatre at New York University, he took a variety of jobs in stand-up comedy and in radio, a part-time job as a stock broker in the 1980s at Paine Webber, and at the midtown office of Oppenheimer and Co. Inc. under David Tufts.[4]

Hollywood Stock Exchange

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-invented the Virtual Specialist [6] platform on which the Hollywood Stock Exchange operates. This technology allows traders to exchange virtual securities, such as "MovieStocks" and "StarBonds", with convertible virtual currency, the "Hollywood Dollar". In 1998 Digital Coast Reporter recognized Keiser as one of Los Angeles' top 50 internet executives for his work on this project[7].

Broadcasting career

Keiser presented Rumble at the Box Office[8] 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

Keiser produced 10 short documentary films covering aspects of financial markets for Al Jazeera's series People & Power.[9] The films include Rigged Markets,[10] Money Geyser,[11] Death of the Dollar,[12] Peaked,[13] Extraordinary Antics,[14] Savers vs Speculators,[15] Banking On It,[16] Private Finance or Public Swindle?[17] and Focus on Locusts.[18]

The Oracle with Max Keiser

A pilot episode was produced for Al-Jazeera English titled The Oracle. The show was developed into a series for BBC World News.[19] The series first aired on January 9, 2009. Keiser left the BBC after ten episodes. On Twitter, he said he left because he was ordered not to mention Israel in any context.[20]

On the Edge

A weekly half-hour financial commentary show that started in 2009 and is broadcast on Press TV, featuring interviews with well-known alternative economists.[21]

The Keiser Report

Max Keiser and Stacy Herbert at a Goldmoney talk, Toronto, Canada
Max Keiser and Stacy Herbert at a Goldmoney talk, Toronto, Canada

Since September 2009, Keiser has hosted The Keiser Report with financial news and analysis, on the RT network.[22] The 30-minute program is produced three times a week. Stacy Herbert (announced on a December 2012 episode as his wife)[23] is the co-host; she banters with Keiser on headlines and commentary.[4] Most episodes are 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 comedian Roseanne Barr, who satirically stated that her solution to the financial crisis was to "bring back the guillotine".[24]

According to Forbes magazine, the economist Sandeep Jaitly of the Gold Standard Institute was forced to resign following comments made on Keiser's show.[25]

The show's guests regularly include advocates for and entrepreneurs working in the cryptocurrency and blockchain fields.

Since March 2012, The Keiser Report is translated into Spanish as Keiser Report en español].[26]

Financial punditry

Keiser has appeared as a financial pundit on a number of news networks. Keiser called for a "fatwā" against Hank Paulson[27] on Al Jazeera in response to the Troubled Asset Relief Program (TARP). In a later broadcast Keiser said, "Paulson stinks".[citation needed] Keiser has advised investors to buy bitcoin and precious metals such as gold and silver, in order to undermine "the banksters". In November 2012, he predicted that the UK pound was about to collapse.[4]

Activism

Karmabanque

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.[28] The hedge fund's progress was followed monthly in The Ecologist magazine.[29] Its targets included Coca-Cola[30] 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."[31]

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".[32] 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."[33]

Extraordinary Antics

In the Al-Jazeera short film Extraordinary Antics,[34] Keiser traveled to Milan and Venice to find out how Central Intelligence Agency 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 Robert Seldon Lady was found guilty in a Milan court. He was sentenced on November 9, 2009 to nine years in prison, according to The Guardian.[citation needed] This verdict was upheld on appeal, but the US refuses to extradite Lady to Italy.[35]

Crash JP Morgan—buy silver

Keiser has labeled JPMorgan Chase "the biggest financial terrorist on Wall Street" in relation to their alleged manipulation of the price of silver.[36] Keiser created a campaign called "Crash JP Morgan—buy silver",[37][38][39] 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.[40] Writing in The Guardian in December 2010,[41] 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".[42]

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.[43]

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[44] and petitioned sponsors Calvert Investments and KLD Research & Analytics to withdraw from the project.[45] 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.[46]

Personal life

Marriage to Stacy Herbert

Keiser is married to Stacy Herbert, an American television presenter[47] of The Keiser Report on RT,[48] and Double Down on Radio Sputnik. As of December 2017, Herbert is CEO and Director of StartCOIN Holdings Limited[49], a blockchain-based crowdfunding company.

See also

References

  1. ^ "Press TV website, programme list". Presstv.ir. Retrieved May 10, 2011.
  2. ^ "Radio 5 live Programmes – The Keiser's Business Guide to 2010". BBC. Retrieved May 10, 2011.
  3. ^ Keiser, Max. "Collection of articles". Huffingtonpost.com. Retrieved May 10, 2011.
  4. ^ a b c d Robert Chalmers (November 4, 2012). "Max Keiser: 'Barack Obama is clueless. Mitt Romney will bankrupt the country'". The Independent. London. Retrieved November 6, 2012.
  5. ^ [1] Archived December 22, 2008, at the Wayback Machine
  6. ^ "Computer-implemented securities trading system with a virtual specialist function - HSX, Inc". Freepatentsonline.com. March 25, 1996. Retrieved November 30, 2013.
  7. ^ Digital Coast Reporter. "Los Angeles' Top 50 Internet Executives". twitter.
  8. ^ Braunstein, Peter (November 16, 1999). "Access' Denied". Village Voice. Retrieved October 26, 2010.
  9. ^ People and Power (TV Series 2007– ) on IMDb
  10. ^ "Rigged Markets". English.aljazeera.net. Retrieved May 10, 2011.
  11. ^ "Money Geyser". English.aljazeera.net. Retrieved May 10, 2011.
  12. ^ "Death of the Dollar 2". English.aljazeera.net. February 8, 2008. Retrieved May 10, 2011.
  13. ^ Peaked (TV episode 2008 #1.22) on IMDb
  14. ^ "Extraordinary Antics - People & Power". Al Jazeera English. Retrieved November 30, 2013.
  15. ^ "Savers vs speculators - People & Power". Al Jazeera English. Retrieved November 30, 2013.
  16. ^ "Banking on it - People & Power". Al Jazeera English. Retrieved November 30, 2013.
  17. ^ "Private finance or public swindle?". English.aljazeera.net. March 17, 2008. Retrieved May 10, 2011.
  18. ^ "Focus on locusts". English.aljazeera.net. Retrieved May 10, 2011.
  19. ^ "BBC News – World Radio and TV". Bbcworldnews.com. April 26, 2011. Archived from the original on April 7, 2009. Retrieved May 10, 2011.
  20. ^ Max Keiser [@maxkeiser] (August 3, 2014). "The reason I quit my BBC show; got strict orders not to mention Israel in any context. This kind of censorship leads to #Gaza horror" (Tweet) – via Twitter.
  21. ^ "Press TV". Presstv.ir. October 22, 2010. Retrieved November 30, 2013.
  22. ^ "Keiser Report – RT Programs". Rt.com. Archived from the original on November 11, 2010. Retrieved May 10, 2011.
  23. ^ "Keiser Report: Next American Revolution (E385) (ft. Gerald Celente)". YouTube. December 27, 2012. Retrieved November 30, 2013.
  24. ^ "Roseanne Barr: 'Guilty' Wall Street Bankers Should Be Sent to Reeducation Camps or Beheaded". Fox News. October 3, 2011. Retrieved November 30, 2013.
  25. ^ Jon Matonis (August 26, 2012). "Economist Appearing On Max Keiser Show Forced To Resign". Forbes.com.
  26. ^ "Keiser Report".
  27. ^ "Max Keiser – Aljazeera English News – 16 November 2008". YouTube. Retrieved May 10, 2011.
  28. ^ "Hedge Fund Shorts Its Way Into Political Activism". Commondreams.org. November 23, 2004. Archived from the original on August 14, 2013. Retrieved November 30, 2013.
  29. ^ [2] Archived April 24, 2015, at the Wayback Machine
  30. ^ Paul Marinko (November 25, 2004). "Campaign aims to hit Coke where it hurts | Business". London: The Guardian. Retrieved November 30, 2013.
  31. ^ Kostigen, Thomas M. (December 25, 2004). "Hedge Funds Banking on Social and Moral Issues". washingtonpost.com. Retrieved November 30, 2013.
  32. ^ "Notebook: Iconic dotcom has lost its way | Business". London: The Guardian. November 26, 2004. Retrieved November 30, 2013.
  33. ^ "Max Keiser, Ryanair and the eco fears forcing their way onto the share price – Indymedia Ireland". Indymedia.ie. Retrieved May 10, 2011.
  34. ^ "Extraordinary Antics, Part 1". Youtube.com. June 18, 2007. Retrieved May 10, 2011.
  35. ^ Mascolo, Georg (January 10, 2007). "Milan's Extraordinary Renditions Case: The CIA in the Dock". Spiegel.de. Retrieved November 30, 2013.
  36. ^ Taylor, Jeff. "Max Keiser tells the world to Crash JP Morgan, buy silver". The Economic Voice. Retrieved November 15, 2010.
  37. ^ Keiser, Max. "Crash JP Morgan Buy Silver says Max Keiser". Max Keiser. Retrieved November 15, 2010.
  38. ^ Zarowny, Andrew (November 14, 2010). "Crash JP Morgan Buy Silver – Growing Economic Guerrilla War to Crash Bank with Silver Bullets". Rightpundits.com. Archived from the original on November 16, 2010. Retrieved November 15, 2010.
  39. ^ Taylor, Jeff (November 12, 2010). "Max Keiser tells the world to Crash JP Morgan, buy silver". The Economic Voice. Retrieved November 15, 2010.
  40. ^ "Crash JPMorgan Buy Silver campaign goes global". United Nations of Film.
  41. ^ Max Keiser (December 2, 2010). "Want JP Morgan to Crash? Buy Silver". London: The Guardian. Retrieved December 2, 2010.
  42. ^ Braiker, Brian (June 2, 2011). "Silver Bug Goes Viral With Marketing War Max Keiser has become a fringe media star thanks to the Web". Adweek. Retrieved November 30, 2013.
  43. ^ Ann Donahue (June 26, 2000). "Showbiz Expo focus: Tech issues". Variety. Retrieved November 30, 2013.
  44. ^ "Advocacy". Free Enterprise Action Fund. Retrieved May 10, 2011.
  45. ^ "Clear Profit". Clear Profit. November 16, 2005. Archived from the original on July 8, 2011. Retrieved May 10, 2011.
  46. ^ Connor Simpson (July 8, 2013). "Here's the Jamie Dimon 'Downfall' Parody That Cost a Bank $1.86 Million". The Wire.
  47. ^ Chalmers, Robert (November 4, 2012). "Max Keiser: 'Barack Obama is clueless. Mitt Romney will bankrupt the country'". The Independent. Retrieved November 29, 2013.
  48. ^ Andrews, John (November 20, 2013). "Money, It's a Human Right". dissidentvoice.org. Retrieved November 29, 2013.
  49. ^ "STARTCOIN HOLDINGS LIMITED - Filing history (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved January 13, 2018.

External links

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