Tag Archives: RT

RT financial guru Max Keiser’s view of journalists, criminal banker wankers & financing new Edinburgh Fringe shows

On Tuesday, the American journalist Abby Martin seemed to commit premeditated professional suicide on Russia’s RT TV channel – her employer – by criticising the Russian invasion of Crimea, part of the Ukraine.

On Wednesday, her colleague Liz Wahl did resign live on air.

I asked RT’s American financial guru Max Keiser about this when I chatted to him in London’s Soho yesterday.

“Journalists report on the news,” said Max, “and, at RT, they’re free to report anything they want to report. There’s no editorial restrictions. The young woman who resigned didn’t have to resign. After giving her thoughts, she could have easily stayed on just like Abby Martin stayed. Abby had comments regarding Russian policy on Ukraine and these comments were – eh – widely talked about and that’s what a journalist does. They either report the news or they give their opinion. But to then resign on air… That’s not journalism. That’s being a drama queen.”

Max, of course, is not shy of expressing his own opinions. Nor of unexpected actions.

A couple of weeks ago, he launched a crowdfunding site called StartJOIN, just one week after he launched his own alternative currency – Maxcoin.

Maxcoin was the biggest launch in the history of altcoins and achieved a $5 million market capitalisation within a week. Maxcoin is similar to BitcoinLitecoin and other crypto currencies.

Max himself, as I mentioned in a previous blog, is a former Wall Street stockbroker and still occasional stand-up comedian. But launching your own crypto currency is no joke.

“The Mt Gox bitcoin exchange has now collapsed,” I said. “Doesn’t that mean all these crypto currencies are vulnerable?”

“That one exchange collapsed,” said Max, “but it has nothing to do with Bitcoin. It’s like saying the London Bullion Market Association might collapse one day – but that wouldn’t really affect gold.

“We launched Maxcoin and it very quickly got up to $7 million in value and now it’s trading at around $2 million and it’s still one of the most actively-traded currencies out there. The miners who are mining it are profiting from their mining activities. Maxcoin launched successfully. And, based on the success of Maxcoin, we may soon see Stacycoin.”

“Based on Stacy Herbert?” I asked.

“Yes,” said Max.

Stacey Herbert with Max Keiser on RT series The Keiser Report

Stacey Herbert with Max Keiser on RT’s The Keiser Report

“Your TV co-presenter on The Keiser Report?”

“And my wife,” added Max. “She used to be a comedy script doctor. She worked on lots of TV shows here in the UK, including an animated sitcom called Popetown, commissioned by the BBC. But it was never aired here because the Catholic Church found it highly offensive. It had the voices of McKenzie Crook, Kevin Eldon, Matt Lucas, Bob Mortimer and Ruby Wax. Before that, Stacy was in Los Angeles doing TV and mostly film.”

Roseanne Barr is trying to finance a new film via your StartJOIN crowdfunding site,” I prompted.

“Yes,” said Max. “It’s called Bailout 2. It’s a sequel to a film called Bailout.”

“Now there’s a thing,” I said.

Bailout 2 is described on the StartJOIN site as “a hard-hitting, mud-slinging, social and political documentary exploring the Eurozone Crisis”.

“So what is your new StartJOIN site?” I tried.

“It’s crowdfunding – proper crowdfunding,” replied Max.

“For anyone?”

“Anyone. Any thing. I’m particularly interested in the Edinburgh Fringe.”

“But there’s no money in the Edinburgh Fringe,” I said.

“Well,” said Max. “I went to the Fringe for the first time last year and fell in love with it. But you hear over-and-over again about performers going up there and losing money. Crowdfunding seems perfect as a way to solve that problem: to get money up-front so you don’t have that economic risk. All the shows: comedy, theatre, music, lectures, whatever.

“The economics of the Fringe are terrible because the performers lose money for the most part. They have to come up with money ahead-of-time, then they have to go there and try to make it back and, for the most part, they don’t. So crowdfunding is perfect for this; it allows performers to raise money before they go and, when they get to the Fringe, they can concentrate on just doing their show.

“I’m going to make it a personal goal with StartJOIN to try to get as many acts as possible financed and up there. It’s an example of where alternative economics can step in and solve what I perceive to be a problem.”

“You see yourself as a modern-day Medici helping artists?” I asked.

“My hope with the Fringe is that, if it works this year, next year we can get even more active by actually putting as much additional financial resources as we can behind acts. We wanna make it the crowdfunding home for Fringe in the UK. We’re going to promote it as aggressively as we can. My intention is to throw as much money as I can at good acts.”

“Isn’t launching a crowdfunding site and your own crypto currency dodgy?” I asked.

“I’ve already launched successful businesses before,” said Max. “The Hollywood Stock Exchange in Los Angeles which is now a $200 million business that was sold eventually to (the bank) Cantor Fitzgerald. And KarmaBanque (a hedge fund) was a big project. I did that with Zac Goldsmith here in the UK. Plus my TV show is very successful. RT has a huge global presence. It’s in 150 countries. We do three Keiser Report shows each week, each show broadcast three or four times. We figure my show gets about 20 million viewers a week.”

Max Keiser stands up for his beliefs - possible in Edinburgh

Max Keiser stands up for his beliefs – possibly in Edinburgh

“And, as for the Edinburgh Fringe…?” I said.

“I want to go up there this year myself with my own stand-up show Rage.”

“What are you going to rage about?” I asked.

“The bankers.”

“Isn’t that yesterday’s news?”

“I don’t think so, because the scandals are continuing and they will continue because there’s no reform. The regulations are getting weaker not stronger, so the criminality will get more intense.”

Criminality is rather a harsh word.”

“It’s an apt word because they break laws. They break laws and they pay civil fines to avoid criminal trials. They should not be allowed to simply pay civil fines for an amount of money that is less than the money they made breaking the law. These banks in the UK have a profit centre called Law Breaking.”

“Surely that’s a world-wide thing, not just in the UK,” I suggested.

“The UK is uniquely positioned,” argued Max, “because it has the weakest regulations in the world. That’s why so many other banks in other countries outsource their banking fraud to the UK.”

“The UK is possibly going to recognise Bitcoins, isn’t it?” I said.

“This is what could be the saving grace for the UK. They could become the Bitcoin capital of the world, which could save them from destruction. I’m all for that.”

“And the Bitcoin Foundation is moving to London isn’t it?”

Mark Carney: Is this man a brain-damaged ex-hockey player?

Mark Carney: Is this fine Canadian man a brain-damaged ex-hockey player or is he only Chairman of the Bank of England?

“Yes. This is potentially going to save Britain from economic destruction. It will replace Mark Carney, the Chairman of the Bank of England.”

“You’re just averse to him because he’s a Canadian and you’re a Yank,” I said.

“He’s a Canadian and he’s a shifty fellah,” replied Max. “When he played hockey in college, he played as a goalie. If you’ve ever played hockey, you know that goalies almost universally suffer brain damage because they get hit in the head so many times with the puck. Mark Carney’s a perfect example of that… and that’s an example of what I’m going to rage about.”

“That’s it then,” I said. “Thanks for the chat.”

“What about Charlie Brooker? asked Max.

“What about him?” I asked

“He does a show called Newswipe,” said Max.

“Yes,” I had to agree.

“And,” said Max, “he takes the piss out of TV shows and commercials. He hasn’t had a clip from my show on his show yet.”

“Am I to be blamed for this?” I asked.

“I want the people to know I’m not happy,” said Max.

“Why are you not happy?”

“Because, by all rights, he should have a clip of my show on his Newswipe show. He’s the only guy I like in UK media. Charlie Brooker’s got the best show in the UK right now. It’s the funniest and it’s very biting satire. He’s a very talented guy.

Max Keiser with friend Alec Baldwin in New York’s Upper East Side

Max Keiser with Alec Baldwin in New York’s Upper East Side

“We were going to do a show together – It was going to be Charlie Brooker and myself and Alec Baldwin. We were going to do a show here in London. A writer friend of ours put it together. It was going to be shot over at the Gherkin building and we were going to try to sell it to an American distributor. We were talking to Charlie Brooker’s ‘people’. Alec Baldwin was going to be the executive producer, because he’s been a friend of mine for 30 years. He’s thinking about moving to London and doing theatre.”

“Well, now Kevin Spacey is leaving The Old Vic…” I mused. “What sort of TV show was it going to be?”

“It was based on that BBC World News series I did called The Oracle. We’re trying to bring it back for another season, but I keep Tweeting about how the BBC is full of drunks, so it’s gonna be a tough sell.”

“If you can’t sell it, no-one can,” I said.

Max Keiser is such a good salesman he could even, in my dreams, sell laissez-faire rather than blindfolded pragmatism to the Russians.

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Filed under Bankers, Comedy, Crowdfunding, Finance, Politics

“Being a stockbroker is like being a comedian”: Russia Today’s Max Keiser

Max with Ian Hislop on Have I Got News For You

Max (right) with Ian Hislop on Have I Got News For You

If you want to see the heir of the late American comedian Bill Hicks performing, where do you look?

Not in British comedy clubs where Bill Hicks is the comedians’ comedian. Certainly not in America,  where Bill Hicks only came to most people’s attention fairly recently.

Perhaps one place to look is a television programme transmitted three times a week on the RT channel (The channel used to be called Russia Today.) American presenter Max Keiser is RT’s economic guru; he fronts his own show: The Keiser Report.

Max Keiser (extreme left) on 10 O'Clock Live

Max (perhaps suitably on the extreme left) on 10 O’Clock Live

Last month, he was a guest on BBC1’s Have I Got News For You. Last year, he was a guest on Channel 4’s comedy series 10 O’Clock Livepresented by Jimmy Carr, Charlie Brooker, Lauren Laverne and David Mitchell. 

Jimmy Carr came up to me after the show,” Max told me yesterday in Soho. “He was very nice and wanted to know more about my views on the economy. A few weeks later, I was having lunch over at his place – beautiful house, beautiful tennis court. He had me up there to talk about gold and silver. He said he was prepared to buy a ton – that’s 32,000 ounces – of silver. Since that lunch, the price has dropped about 50%. So that’s probably why I haven’t heard from Jimmy since then.”

“And you’re a fan of Bill Hicks,” I said.

“If anyone is a big fan of comedy and they watch my show on RT,” said Max. “they’ll recognise that I borrow heavily from him. I liked Lenny Bruce and Bill Hicks and that raw, unvarnished truthfulness is something we’ve always tried to strive for in The Keiser Report. It’s just very raw and sometimes it works not from having people’s funny bone tickled but because they are uncomfortable.”

Max Keiser presents his Report on Russia Today TV

Max presents Keiser Report next to Boris Johnson’s City Hall

“But The Keiser Report,” I said, “is a current affairs show – a news show covering business and finance – that is not normally a comic area.”

“At this point in time,” replied Max, “the financial world and the banks are so pathetically corrupt that it’s impossible to cover them without having, to some degree, a satirical view. Very few things which banks do, in this country at this point, are legal. Virtually 100% of everything all the Big Four banks do is illegal.”

“Could you be pushing this angle because you’re a presenter on the Russian government’s own TV channel?” I asked.

“Well, the show is produced by Associated Press,” said Max. “which is an American company. The show is recorded at a TV studio that’s part of London & Partners, which is London Mayor Boris Johnson’s public relations division. And we make other shows with Associated Press which are sold to other outlets. We sold a show to Press TV.”

“Thats worse!” I said. “That’s the Iranian government!. These are dodgy people we are talking about.”

“These are fine international news organisations,” said Max. “We’ve done a show for BBC World News. We did shows for Al Jazeera English.”

Max, in Paris, gives his opinions to Al Jazeera English

Max, in Paris, gives his opinions to Al Jazeera English, Doha

“Ah, now,” I said. “Al Jazeera English is a very, very good news channel, though I don’t know about the Arabic version.”

“When we were in Doha where Al Jazeera English is based,” said Max, “there was this famous car park with the Al Jazeera English building on one side and the Al Jazeera Arabic building on the other and they really did not get along. So there is a perpetual stand-off in Doha and occasionally executives would be taken out to the car park and…”

“Beheaded?” I suggested.

“…left to their own devices,” continued Max. “And that’s not easy to do, because you need an exit visa. So, if executives have fallen into disfavour with Al Jazeera, they have to sneak out of the country.”

“What show did you make for them?” I asked.

“We had a long-standing contract to make a series of documentary films for a show called People & Power.”

“And why is Russia Today doing a capitalist business programme?

“Well, Russia Today has left the Cold War far behind unlike America, which still seems to want to be fighting the Cold War. If you look at the rhetoric coming out of the US, they still think it’s 1970. They don’t understand that Russia and the Russian economy has leapfrogged well beyond what was happening during the Cold War, well past the Soviet Union. They are very entrepreneurial in Russia and the TV network is very savvy. They have a bigger reach than the BBC – over 800 million. I think they’ve really taken the top position in the world right now as far as global international satellite and cable TV is concerned. And whatever we can do to support that, we’re happy to do. In this country, I would say the relationship with the Soviet Union is quite strained. Other countries have moved on from their Cold War perception.”

“You’ll get a Hero of the Soviet Union medal,” I told Max. “You’ve had other comedians on The Keiser Report, haven’t you?”

Max Keiser (right) interviews comedian Frankie Boyle on Russia Today

Frankie Boyle (left) interviewed on RT’s The Keiser Report

“Yes, we’ve had Frankie Boyle. I’m a big fan of his. A no-holds-barred comedian who’s willing to take big risks.”

“What were you talking about?”

“I think he and I talked about the state of the media.”

“But you’re a business show.”

“Yeah, but so much of business now is driven by perception and that perception is driven by the media. The Stock Market – whether it’s the FTSE 100 or the Dow Jones – it’s a hologram driven by perception. There’s no actual equity in those markets; it’s completely a bubble puffed up on zero collateral.”

“What were you before being a TV presenter?” I asked.

“I started out as a stockbroker for Paine Webber on Wall Street in the early 1980s. Before that, I was at New York University and I was doing stand-up comedy. I made the transition from doing comedy to being a stockbroker at the height of the Thatcher/Reagan period.”

“Why?”

“Because, surprisingly, being a stockbroker is not that much different from being a comedian. You’re telling stories to people, going through a lot of stories quite rapidly and you are essentially getting people not to laugh but to say: Give me 1,000 shares. To get to that moment, you use the same techniques as a comedian: pacing, word-choice, empathy.

“I was at the Comic Strip on the Upper East Side of Manhattan. Jerry Seinfeld was the MC. Rich Hall was doing improvisation down in the theatre district. Robin Williams was at Catch a Rising Star. On the West Coast, you had Steve Martin. It was the beginning of that huge new wave when comedy became the new rock ’n’ roll and then TV shows came out of that.

“Watching Robin Williams work was pretty remarkable. During that time, before he went on stage, his ritual was to line up seven or eight Kamikaze cocktails. They’re extremely potent alcoholic concoctions. As the MC was about to introduce him, he’d just go Bang – Bang – Bang – Bang – Bang – Bang – Bang and down those suckers and then hit the stage with all that energy.

Max Keiser stands up for his beliefs - possible in Edinburgh

Max Keiser is into a post “Comedy is Rock ’n’ Roll” period

“Now we’re into a post Comedy is rock ’n’ roll period. I’m hoping we’re getting back to the more politicised comedy – the Lenny Bruce type of comedy – that’s what I’m hoping, anyway. A lot of people who do comedy here in London go to the United States and come back and tell me: It’s great; it’s all very funny; but it’s homogenised. They’re all doing the same kind of jokes, which is because of this huge thing called TV: the sitcoms. They’re looking for a certain type to fill a certain spot and there’s 10,000 comics trying to get that one spot and they’re all doing the same act.

“I love the comedy here in London, because it’s completely different. There’s a lot of political edginess to it. A lot of comedians here identify themselves as ‘left wing’. In America, there is no left wing. There’s only slightly right-of-centre and extreme right-of-centre and the fanatical right.”

“Have you been to the Edinburgh Fringe?” I asked.

“I went for the first time last year.”

“You should do a show up there,” I suggested.

“I would like to take a show up there though, if I do, I’d have to workshop it here in London beforehand. But I’ve already been doing my Stand-Up Rage show in cities around the world: Dublin, Los Angeles, London.

“People are fans of my rages on The Keiser Report and this is a 60-minute rage without any control whatsoever. I go into a fugue state in a white rage. Afterwards, I literally have no memory of what I’ve said. It’s a cathartic experience and the audience, in many cases, achieve a level of ecstasy.”

There was a slight pause.

“So you don’t have a script,” I asked. “You just go off on a rant?”

“I start off on one basic idea,” explained Max, “and I will refer to headlines and each usually triggers a good ten minutes of rage. Then, to catch my breath, I will maybe cut to a 20 second music or video blurb.”

“And you rage about politics?” I asked.

“It’s about the bankers and the banksters because, when you have this merging of the private banking interests and the political interests otherwise known as Fascism… I mean, London is the capital of financial terrorism. This is where the financial Jihadis congregate.”

“You do good headline,” I said.

“If you go down to the City of London,” continued Max, “they have the madrassas – otherwise known as HSBC, Barclays, Lloyds and Royal Bank of Scotland. These are the madrassas of banking fanaticism. They pursue market fundamentalism which says they can blow themselves up and others around them – not to seek THE Prophet but some profit.”

(The Keiser Report is transmitted on RT, with editions also available on YouTube)

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Filed under Cold War, Comedy, Economics, Finance, Russia, Television