Karmabanque is a show about finance - it’s presented by former trader and stockbroker Max Keiser and his journalist and film-maker wife Stacy Herbert. Max and Stacy made their fortune playing the markets back in the day, and freed from having to actually earn a living they now take delight exposing the finance industry’s dirty laundry - this makes for very compelling listening.
Karmabanque is not like the other finance shows which purport to offer stock-tips and money saving ideas. You will find none of this in Karmabanque - Max only has one tip, and he’s given the same one in practically every show they have ever put out. Mostly the the show is an analysis of the week’s finance news followed by quite detailed and funny explanations of the technical and historical concepts behind the big news.
Karmabanque is not intended for people who want to feel good about their economy - the show is for people who have moved beyond normal panic and paranoia into the realm of the financial survivalist - Max and Stacy want us to understand that gross corruption, lack of regulation and excessive greed have planted fiscal a time-bomb within the global banking system - all they are trying to do is warn their listeners what to do to prepare for when it goes off.
It might be easy to call these people conspiracy theorists, especially when their ultra-bearish message stands in clear contrast to the chipper “nothing to worry about” message from the mainstream financial press. I’d love nothing more than to dismiss the doom and gloom, but I grudgingly admit that the few predictions Max and Stacy have made have been astonishingly accurate:
Max’s one stock-tip (it’s actually a commodities tip) is is to buy gold. If you’d been buying gold since Max started hyping the yellow metal your bling would be worth ten times as much as your original investment. Likewise Max & Stacy were the first podcasters to cover the sub-prime scandal and the resulting credit-crunch in any significant detail.
They deconstructed the global credit crisis and how banks would be the casualties long before Northern Rock and Bear Sterns imploded. They are the soothsayers urging us all to beware those pesky Ides of March.
If this sounds like your kind of thing then get your podcasts at KarmabanqueRadio and listen to them live on Resonance FM on Saturday and Sunday nights.
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