We need a gold buying day. Everyone needs to save some cash and then their needs to be an effort buy gold for delivery all at the same time. It would crash the system.
why change to gold? it would only make the gold mining corporations the holders of value instead of fed…
gold has some intrinsic value, but ultimately its value would be determined by supply and demand, the same as fiat money…replace some corrupt masters with some other corrupt masters…
the problem is to hold value, it’s philosophical to some extent, what is valuable?…a bag of rice in a famine could be twice as valuable as a bag of gold
labor is what creates value, I think, you could send the financial oligarchs into exile to the moon with their money and all the gold in the world, what can they do with it if nobody is there to work for it/them?
…
money and gold work as an instrument of control right now,for the haves to control/exploit the have nots ; the whole system has to be reworked so labor is rewarded, while greed and laziness are discouraged.
…
we have to redistribute the wealth of earth while avoiding the pitfalls of communism at the same time <— of course, this is an utopia, logical as it is, still undoable, there will always be masters and slaves, homo homini lupus est
Good clips, I always enjoy watching and listening to Max, especially when he starts to rant.
However, I think it’s a mistake to lump the Central Banks and Capitalism together when talking about the economy. If you have a Central Bank and Socialism; it’s gonna fail.
If you have a Central Bank and Communism; it’s gonna fail.
I’ve even noticed (especially in the U.S.) that the Central Banks are trying to be more strongly associated with the government, (giving the illusion of being part of the solution). If the U.S. switches to a Socialist government and still retains the central bank; guess what? It’s gonna fail.
Are you serious? You just answered your own question about gold in your comment! Gold can’t be created out of thin air. You have to go out, find it, and dig it out of the ground. (ie. LABOUR). That limits the corruption. As well, individuals could go out, toil and “earn” money. (Unless the “Authorities” make it illegal for individuals to do so.)
Or and by the way, redistributing the wealth actually rewards laziness. (Just wait for the windfall) How about create equal opportunity for everyone to earn their wealth. The harder you work the more you earn.
@Matt Smyth – What would you gain by crashing the gold market? I don’t like the idea of a collective gold buying day for everyone. If the marked knew there was a special day in the year when everyone is going to buy gold, the price would be sky rocketing. Remember what happened when Gordon brown pre-announced its selling of Britain’s gold reserves at series of auctions, the gold price fell sharply hitting rock bottom. Nice to know when a massive amount of gold is being sold or bought, gives the market time to adjust low or high whether it is a selling day or a buying day. I do agree that if you can buy precious metals, then buy it. But do it at your own pace. Try to become your own central bank as Marc Faber puts it.
Ok Max, I know it is hard when you have a great deal of self humor but try to laugh a little bit less about yourself when you are doing your rants. Just a tip.
Max, please put up more detail re when and where you are speaking on… also what and where was the footage going on behind you? Police in cycle helmets shoving people etc.. But I do love you! Sandi in Camden London
PS you can stay here any time you are in town…
What was the brunette thinking in the video while she sits there admirering the shape of Max’s head? Let me take a stab at here:
“Zis American, with such a an aggressive attitude, yet (h)is skin is so soft, like a French brie. thats it! I want to like (h)is face. Where did (h)ee find a shark shin suit en Fance? I wonder who does (h)is (h)air? I bet (h)ee likes French woman! American pig!! I should slap (h)im”
Wooohooo!
Go Max. This GFC would be really dull without you.
Shame it takes one to get you out there. Better lay off the French Revolution thang tho. I reckon the french would be pretty sick of that old one, Ha!
Its all good tho. I love the crescendo into the rave – It is masterful TV, the way even YOU don’t know what you are gonna say next. It makes your answers very exciting. Better than all those other over rehearsed Economist/TV whores who spurt out the same old conventional clap trap. You should see it in Aus man, the TV Economists smile when market goes up and smile when it goes down and offer NO INSIGHT whatsoever. Once something gets on the news here it must have happened a month prior. So thank god for the internet and thank god for you and (dare I say his name on this site) ‘The Schiffster’.
Good work mate, keep it up.
Watch the market and buy when you can. A single day would be self defating as you would drive the price up that you buy at. Look at what the Chinese are up to:
what the hell are you talking about Abbot ? You dont understand that the spot price of gold is arrived at with paper gold transactions and if all the buys on the gold market had to be delivered in phisical form, it would send the price to the moon. When the price goes up then it will be the new bull market bubble that everyone is waiting for. Money will drain out of US bonds, then bernanake will buy more bonds, the more bonds bernanake buys, the less actractive bonds become. It would be a matter of 6 months and the US would be calling their armies home.
Always enjoy a shot of Keiser in the morning: like a double expresso caffeine jolt.
Personally, and I have been stating so for years now, I prefer the Key bridge over yardarms.
Over at Charles Hugh Smith’s blog, I read that he thinks this is all a “ploy” by Obama to give the financial banking terrorists enough rope to hang themselves, and the public will rise up in protest, while he looks like he is doing the banker’s bidding, and avoiding the backlash from their media and congressional allies should he confront them and their crimes.
Sheesh, tell that to a UAW worker, that was just forced to accept pay cuts and GM stock in exchange for $12 billion in health care benefits GM owed the UAW trust fund. They had to accept GM stock at @ $4.00/share, while it is going for less than $2.00.
I find it fascinating what Max says about the US gold stocks that haven’t been audited for so many years. Is it still there or did they believe themselves what they told Gordon Brown???
We need a gold buying day. Everyone needs to save some cash and then their needs to be an effort buy gold for delivery all at the same time. It would crash the system.
why change to gold? it would only make the gold mining corporations the holders of value instead of fed…
gold has some intrinsic value, but ultimately its value would be determined by supply and demand, the same as fiat money…replace some corrupt masters with some other corrupt masters…
the problem is to hold value, it’s philosophical to some extent, what is valuable?…a bag of rice in a famine could be twice as valuable as a bag of gold
labor is what creates value, I think, you could send the financial oligarchs into exile to the moon with their money and all the gold in the world, what can they do with it if nobody is there to work for it/them?
…
money and gold work as an instrument of control right now,for the haves to control/exploit the have nots ; the whole system has to be reworked so labor is rewarded, while greed and laziness are discouraged.
…
we have to redistribute the wealth of earth while avoiding the pitfalls of communism at the same time <— of course, this is an utopia, logical as it is, still undoable, there will always be masters and slaves, homo homini lupus est
Good clips, I always enjoy watching and listening to Max, especially when he starts to rant.
However, I think it’s a mistake to lump the Central Banks and Capitalism together when talking about the economy. If you have a Central Bank and Socialism; it’s gonna fail.
If you have a Central Bank and Communism; it’s gonna fail.
I’ve even noticed (especially in the U.S.) that the Central Banks are trying to be more strongly associated with the government, (giving the illusion of being part of the solution). If the U.S. switches to a Socialist government and still retains the central bank; guess what? It’s gonna fail.
@Free Drive Ro,
Are you serious? You just answered your own question about gold in your comment! Gold can’t be created out of thin air. You have to go out, find it, and dig it out of the ground. (ie. LABOUR). That limits the corruption. As well, individuals could go out, toil and “earn” money. (Unless the “Authorities” make it illegal for individuals to do so.)
Or and by the way, redistributing the wealth actually rewards laziness. (Just wait for the windfall) How about create equal opportunity for everyone to earn their wealth. The harder you work the more you earn.
@Matt Smyth – What would you gain by crashing the gold market? I don’t like the idea of a collective gold buying day for everyone. If the marked knew there was a special day in the year when everyone is going to buy gold, the price would be sky rocketing. Remember what happened when Gordon brown pre-announced its selling of Britain’s gold reserves at series of auctions, the gold price fell sharply hitting rock bottom. Nice to know when a massive amount of gold is being sold or bought, gives the market time to adjust low or high whether it is a selling day or a buying day. I do agree that if you can buy precious metals, then buy it. But do it at your own pace. Try to become your own central bank as Marc Faber puts it.
Max is the shiznit! Go Max!
Max and Stacy, you didn’t even get a mention!
TEN PEOPLE WHO PREDICTED THE FINANCIAL MELTOWN
http://timesbusiness.typepad.com/money_weblog/2008/10/10-people-who-p.html
NB: Hidden in bloomberg……OHH OHHHHHHHHHHH!!!
THE SAUDI CAT IS OUT OF THE BAG — AL NAIMI SAYS PRODUCTION TO FALL
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBL_62gRgvrE&refer=home
Ok Max, I know it is hard when you have a great deal of self humor but try to laugh a little bit less about yourself when you are doing your rants. Just a tip.
Looks like there were some smallish protests this weekend against the IMF and World Bank.
Some police-protester scuffles broke out yesterday:
http://dandelionsalad.wordpress.com/2009/04/26/protest-against-imf/
Max, please put up more detail re when and where you are speaking on… also what and where was the footage going on behind you? Police in cycle helmets shoving people etc.. But I do love you! Sandi in Camden London
PS you can stay here any time you are in town…
This was one of the best weeks for Max.
Keep your pants on Sandi! We have a Global movement to focus on here. lol.
What was the brunette thinking in the video while she sits there admirering the shape of Max’s head? Let me take a stab at here:
“Zis American, with such a an aggressive attitude, yet (h)is skin is so soft, like a French brie. thats it! I want to like (h)is face. Where did (h)ee find a shark shin suit en Fance? I wonder who does (h)is (h)air? I bet (h)ee likes French woman! American pig!! I should slap (h)im”
where the hell is Stacey ??
Hanging the bankers from yardarms is over the top. Street lamps will do.
Wooohooo!
Go Max. This GFC would be really dull without you.
Shame it takes one to get you out there. Better lay off the French Revolution thang tho. I reckon the french would be pretty sick of that old one, Ha!
Its all good tho. I love the crescendo into the rave – It is masterful TV, the way even YOU don’t know what you are gonna say next. It makes your answers very exciting. Better than all those other over rehearsed Economist/TV whores who spurt out the same old conventional clap trap. You should see it in Aus man, the TV Economists smile when market goes up and smile when it goes down and offer NO INSIGHT whatsoever. Once something gets on the news here it must have happened a month prior. So thank god for the internet and thank god for you and (dare I say his name on this site) ‘The Schiffster’.
Good work mate, keep it up.
Watch the market and buy when you can. A single day would be self defating as you would drive the price up that you buy at. Look at what the Chinese are up to:
http://newsvote.bbc.co.uk/1/hi/business/8020721.stm
Stacy,
Can you write the youtube URL when you post youtubes? It’s blocked in China – we can still get it via a proxy, but need the URL. Thanks.
what the hell are you talking about Abbot ? You dont understand that the spot price of gold is arrived at with paper gold transactions and if all the buys on the gold market had to be delivered in phisical form, it would send the price to the moon. When the price goes up then it will be the new bull market bubble that everyone is waiting for. Money will drain out of US bonds, then bernanake will buy more bonds, the more bonds bernanake buys, the less actractive bonds become. It would be a matter of 6 months and the US would be calling their armies home.
Always enjoy a shot of Keiser in the morning: like a double expresso caffeine jolt.
Personally, and I have been stating so for years now, I prefer the Key bridge over yardarms.
Over at Charles Hugh Smith’s blog, I read that he thinks this is all a “ploy” by Obama to give the financial banking terrorists enough rope to hang themselves, and the public will rise up in protest, while he looks like he is doing the banker’s bidding, and avoiding the backlash from their media and congressional allies should he confront them and their crimes.
Sheesh, tell that to a UAW worker, that was just forced to accept pay cuts and GM stock in exchange for $12 billion in health care benefits GM owed the UAW trust fund. They had to accept GM stock at @ $4.00/share, while it is going for less than $2.00.
Yep, Obama sure is slick……..as snot.
I find it fascinating what Max says about the US gold stocks that haven’t been audited for so many years. Is it still there or did they believe themselves what they told Gordon Brown???