Stacy Summary: London turns into a ‘see-through’ City with a ‘see-through’ currency.
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ref. max keiser & Get 6 mo’s free storage
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crash banksters – Buy Silver & gold
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Most recent: 
The Pentagon has been doing Economic Warfare exercises since the 1960s, but the practice dates to WWII (when this matter was a multidisciplinary research aspect of the War Department).
However, the same concepts apply as in WWII:
The most bankrupt nation loses the right to use its currency globally. This happened with Germany, Austria, Italy and post war — the UK and Netherlands.
In a nutshell:
US Economic Warfare exercises exist only for giving funds away their relatives — and people that the nepots want to give favors to. In the end the US will be beyond bankrupt, so it will all be for naught.
The score
Pentagon NIL
Global Economy 200
A full ‘double Nelson’ …
I like the financial wargames story. I’m surprised Max wasn’t invited….now that would have given them some competition. They didn’t really say if they “China” played its cards in the war game by seeing how much gold $2 trillion can buy. I’ve been wondering if China has a plan to first take down the dollar, leaving the US unable to pay soldiers, the invade Taiwan. ???
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I hope this is not a case of “What has happened in the US is doomed to happen in Australia …
The PM. The World Today and AM are done in the same ABC studio and may be repeated in part on ABC Newsradio.
The ABC Net in Australia is the original ABC, with a 1936 Royal Charter (the US ABC started in 1944).
In any case this needs to be added to your 10 APR links.
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The big banks are accused of acting like a cartel after not passing on the Reserve Bank’s interest rate cut in full.
http://www.abc.net.au/news/stories/2009/04/08/2538903.htm
The Commonwealth Bank, Westpac and ANZ are delivering less than half of the official 25 basis-point reduction to their home loan customers. The National Australia Bank is not passing on any of the cut.
Editor of the banking newsletter The Sheet, Ian Rogers, told ABC Radio’s PM the big four banks do not feel any pressure to fully pass on interest rate cuts because they face little or no competition.
“It’s important to remember that the banking industry in Australia is an oligopoly and it’s really fair to call it a cartel and it’s no surprise that the banks that are in the cartel would go about undertaking price coordination and cartel behaviour,” Mr Rogers said.
“From my following of the public behaviour and the public statements of various banks over the last few weeks there has been a clear effort in the normal way the banks go about these things, which is talking in public about what they are thinking about in order to coordinate an increase in margins on home loans and no doubt on other loan products as well and that’s what’s going on.”
Shaun Cornelius is the chief executive of the lending comparison website Infochoice.
He says in November 2007 the difference between the RBA rate and the average variable rate was 1.82 percentage points, but in the last year-and-a-half that difference has blown out in the banks’ favour by nearly one percentage point.
“When you look right back to over a year ago when rates were actually increasing, we see that some of the banks’ margins between the cash rates and the actual rates in the market has grown so that is a concern,” Mr Cornelius said.
The big banks say they need the bigger margin because the credit crunch has made it more expensive for them to borrow money on wholesale markets.
But economics Professor at the Melbourne Business School, Joshua Gans, says there is little evidence for that claim.
“When it comes down to it our banks have a guarantee on the deposits they have, plenty of them to go around, and as I understand it there isn’t a residual risk say to the Australian housing market from some subprime crisis because we never had those sorts of mortgages in the first place,” Professor Gans said.
He says the lack of competition has both an upside and a downside.
“The side that sort of doesn’t benefit home owners, that the interest rates don’t go down nearly fast enough, but the other side of competition is that it’s possible that that lack of competitive pressure has kept our banks out of the worst of the global financial crisis.”
And he says there is little the Government can do to force the banks to pass on the rate cut.
“I think that’s a trend around the world. I mean that’s what sets apart from this period of financial crisis from earlier ones is that we reach a point where monetary policy just simply cannot do the job of priming the economy out of recession, can’t do it on its own,” he said.
Stacy & Max,
I’ve come across an article from last July’s Spiegel Online site that claims that the IMF has had its sights on investigating the entire US financial system for a time, and the only reason they did not do it is because Bush would only allow such an examination after he left the White House.
Do either of you know if this is true?
Article is here: http://www.spiegel.de/international/world/0,1518,562291,00.html
Thank you Stacy, for this comment. I entirely agree with you.
The unequal playing field is that the perceived bad people of the world have the ability to set aside their differences in interest of a common goal, namely, greed and exploitation, while, the outraged and exploited people of the world seem to have a problem agreeing on anything at all, let alone what to do about it. Just a little bit of organization makes up for having very few numbers. Not having organization guarantees that all of your resources are wasted.
As an example, I see this clearly in my field of alternative medicine. Currently allopathic medicine is changing its licensing laws to include alternative treatment modalities, effectively stealing our methodology, without any of the rigors of the education. The ease with which they are able to do this is not a testament to their strength, but our weakness and inability to organize. What is even more telling is that the common response is anger towards the MDs, instead of anger at ourselves for our own impotence. This is a theme seen in activist groups around the world.
In real world terms, one can ask; is the beneficial gain of buying free range organic eggs really offsetting the cost of the destruction of personal wealth and liberty, (assuming with the destruction of wealth and liberty one can no longer buy free range organic eggs)? It is a noble use of consumer purchasing power to be sure, and definitely a step in the right direction, but what good is it if it justifies more pressing issues which amount to the enabling of even greater wealth destruction?
Another phenomenon frequently seen in current local activist groups and the populace in general is the mentality of “Don’t think any bad thoughts and no bad thoughts will happen to you”. This idea was, of course, popularized by such pop phenomenon as “the secret”, among other things. The idea is that consciousness manifests as, and co-creates, reality. So, just think happy thoughts and you’re set. However, this isn’t an enlightened perspective, born of deeper spiritual experience. It is, rather, a justification for inaction. (Spiritual realization is a little more profound than that).
One can’t dwell in the absolute, to the exclusion of the relative, to do so is simply to avoid the real world issues at hand, either because of lack of will, or willful ignorance. There must be a marriage of profound philosophical thought (born of a deeper experience of self), with conscious intention and action. Anything else is a chicken shit avoidance of real social and environmental responsibility. (In the name of spirituality/equality/ethics, whatever)
From this perspective, it is not the bankers who are strong, but the common man who is morally and spiritually weak, because he/she is unwilling to ask the most fundamental of questions: “Who am I. What do I stand for? What will I die for?”
Let us hope that the dire issues at hand will cause people to finally start asking these questions, and set a decided course of action.
In this regard, I applaud Max and Stacy for posing a potentially catalyzing philosophical argument, which just may serve as a course of action for the many disgruntled people of the world. Before humanity can act, it has to have a vision.
That…and your both just freakin’ hilarious…
Huge rallies spark Thai shutdown
Taxi drivers have helped to paralyse Bangkok’s streets
Thailand’s Prime Minister Abhisit Vejjajiva has declared a public holiday to help security forces deal with mass anti-government protests in Bangkok.
Tens of thousands of supporters of ousted former Prime Minister Thaksin Shinawatra have brought the streets of the capital to a near standstill.
http://news.bbc.co.uk/2/hi/asia-pacific/7992484.stm
Oh Dear
I love Max & Stacy…..I think Ron Paul & Peter Schiff Rock……….But if you think the powers to be are going to “Allow” the British £ to go like a 3RD World money your off your heads.
“They” won’t allow Gold to pass $1000 for any lenght of time………..Why in Gods name would the Central Bankers & Wall St banks “Allow” the £ to Crash & Burn.
Sure, the Brits might go for a baleout (IMF) but nothing like the killer terms your average nation would face.
Get Real.
Mike/Liverpool
Wats up?!
If any1 has read dat article about the Irish garda wanting the bankers brought to justice, watch this space bcos that poor man will prob b “relieved of his duties” in the nxt wk r so..and all bcos he speaks the harsh truth which these white collar creeps don’t like hearing!!
MAX FOR PRESIDENT OF IRELAND!!!!
..and Stacy for First Lady of course!
Hi Y’all
If the oyher clip I just posted makes you smile, Here is another by the same people.
http://www.youtube.com/watch?v=jbgwR1pA1k0
OK Bye
Hi Y’All
This is worth a Peek, Good Funn.
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OK Bye
@Veritas! Hysterical. I just tried ordering that here in this Paris brasserie. They said, “Désolé, mais nous avons seulement la tête du banquier le vendredi!”
Most reliable sign of Depression yet devised:
People start to hunt, kill, and eat the bankers.
Sign of recovery: Banker meat sold in restaurants.
Monsieur, je voudrais le pate’ de cerveu du banquier, aussi les pommes frites…
It would be good if Max and Stacey can go over the new Banking Bull Market that seems to be driving up stocks. How and why is this bubble happening, the media are starting to pump out the propaganda that the worst is over and it is boom time again. What is going to happen. Gold may go to $750 in the short term as well I have heard…
[Cross posted to the Ron Paul/Obama firestorm happening
over at the RawStory]
Change? Yes, for the worse. I never, ever thought
anyone could make Bush look good by comparison:
FISA, faith based initiatives, undeclared war on
civilians in Pakistan, Afganistan and Iraq,
continuing rendition and torture, $10 TRILLION give
away (so far) to privately held banks (many foreign),
broken promises on science, energy, education and
infrastructure, and thats just for starters. Can we
blame BO really? No, the American people have relinquished
their duties as citezens, and are hoping for a miracle.
Not gonna happen folks, ’till we take back whats ours.
Of course Ron Paul has been right, for 30 years! Does
it matter that he isn’t president though? Well, it
would be nice, but don’t you think that who is president
now is secondary to the fact that America is still asleep
at the wheel, dreaming of a savior? Wake up. RISE UP!
Join the passive, non-violent global insurrection against
corporate occupation (http://maxkeiser.com/).
Time to reconnect with your home boys and girls, and
start doing for yourself and others, not your corporate
or government masters (http://blog.p2pfoundation.net/).
Passively resist and withdraw your capital from the
system. Save in physical gold and silver. Stop
buying cheap overseas crap. Pay off debt. Start pursuing
your own dreams while at work (don’t get fired, just
softpedle) — network with others to build a sustainable
world that enriches YOU AND YOUR HOMIES, not the banking elite and their government tools. Slowly folks!
Passively folks! No big moves, no guns, just quietly
withdraw and start to do more right than wrong.
Its in our hands, it always was.
Hi Y’all
Some more brilliant humour about the current financial crisis…….
http://www.bbc.co.uk/iplayer/episode/b00js9j9/Stewart_Lees_Comedy_Vehicle_Global_Financial_Crisis
Remember Stewart Lee well he’s back…the comedian Stewart Lee, Used to be on the telly in the 90′s..Stewart Lee on the telly. Remember funny bloke ON THE TELLY…Stewart Lee the comedian..Remember in the 90′s …Stewart Lee.
In desperate times men prefer to have holes in their undies instead of their fundies.
I see the latest reality show is one where you can compete to work on the plantation:
http://www.guardian.co.uk/media/2009/apr/09/endemol-us-reality-tv-unemployment
Some folk may agree with this variation on the theme ‘entertainment’.
Alternatively, you could always choose to go freelance instead. When your boss looks edgy and you suspect that your number might be up. It might sometimes be possible to steal some of his customers, compete at a different level. Maybe this is the beginning of Pirate MyJob.
My suggestion is not always going to be practical. But these ‘bosses’, and lets face it not many of them are real bosses – just lucky bastards who have the upper hand – cannot compete. They require inside info. Steal the company database and help the global economy. Employ all your old worker friends – except the boss… unless you need your lawn cut.
Maybe the French have the answer. A reality TV show where workers kidnap the boss and get him to do viewer forfeits, this might also work on TV.