Stacy Summary: Spot the conflict in the first two headlines. And the trend in the next two . . .
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The court’s decision has been leaked: ThePirateBay are guilty?
Watch the press conference live here at 1pm Sweden time
Update: Verdict read: Guilty
This is the battle we’re in. This is the battle all Americans, especially, should be in. Right now.
Before election reform, environmental protection, equal rights, gay rights, gun rights, we all need the right to connect with our collective heritage and imagination without corporate taxation via gulag copyright laws. This is the battle. Don’t buy corporate copyrighted intellectual property. Make your own. Drain copyright luddites like Newscorp, Disney, and Microsoft. Use the Creative Commons. Support the Swedish Pirate Party and The Pirate Bay.
Join PirateMyfilm.
Emancipate yourself!
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Tune in tonight to hear Max live at 7pm Pacific Standard Time (4am here in Paris!)
You can call into the show I believe. 512-904-8014 or toll free: 866-841-1065
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In the US, the rhetoric damning the Federal Reserve Bank in Washington D.C. is well known to anyone who listens to Jim Rogers, Peter Schiff and the rest of the ‘hard money’ crowd that are enlisted by Bloomberg TV to point out the blindingly obvious to the deaf and dumb masses.
But where is the outcry against the Bank of England? Started in 1694 as a clawback of power by England’s aristocracy after having lost the Divine Right of Kings clause when Charles the 1st was beheaded, the BoE, the ‘Old Lady of Threadneedle Street’ is the mother of all central banks. From her loins springs the sum and in-substance of fiat fantasies fanning the flames of a monetary foolhardiness guaranteed to keep the poor poor and the rich rich.
Social mobility in Britain is restricted due to the 300 yrs of corrupt and insidious machinations of the Old Lady. We are seeing this play out today as millions of home owners sink back into poverty after having been victimized by ponzi scheme wielding bankers in the City and by the largesse of easy student loans that are now the blight of millions of students in the UK. This next generation will graduate with onerous debts that got piled high on top of the innocent sounding ‘top up fees’ introduced not too long ago when ‘growth’ was eternal and students weren’t forced to take relatively high paying jobs in defense or surveillance as the only way to stay ahead of banking reapers.
Protesters in the US can complain about Ben Bernanke and the Fed all they want, but until we see some solidarity with London, the primary source of the globe’s financial derangement, the Bank of England, will continue to pump class war, cronyism and fiat money into the British and world economy with the shameless glee of an invisible arsonist.
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Posted in Max Keiser Blog
Tagged bank of england, blog, federal reserve, max keiser, old lady of threadneedle street, ponzi scheme
Stacy Summary: A Saudi Prince losing control of his Kingdom. In the United Kingdom, meanwhile, a nation where a man’s home is his casino castle, mortgage chip holders are now underwater and sinking fast.
Updates:
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Posted in Headlines
Tagged china, citi, imf gold, india, jpmorgan, KHC, moody's, prince alwaleed, state sales taxes, tarp, uk government deficit, uk houseprices, unemployment rate
The British Pound is doomed. Three years ago, while doing our ResonanceFM 104.4 show, “The Truth About Markets,” Stacy and I commented on news that Bradford & Bingley was offering customers 120% mortgages. At the time we pointed out that this was guaranteed to bankrupt B&B and the entire banking sector if they were allowed to continue locking in negative equity deals for customers who were clearly being victimized by predatory lending and banking abuse. Sure enough B&B needed a bailout and that extra 20% on top of the 100% mortgage that the UK tax payer is paying for – is now providing leverage for short sellers to continue to attack the British Pound. The remedy? Halifax just announced 120% re-mortgages for home owners in negative equity. More debt to get out of debt. Reminds me of the woman in Terry Gilliam’s “Brazil” who plastic surgeried herself to death. The British pound, after its recent ‘dead cat bounce’ is a one way bet down as banks are permitted, without any government intervention, to hollow out Britain’s economy unchallenged by law or common sense.
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Posted in Max Keiser Blog
Tagged blog, bradford & bingley, halifax, max keiser, negative equity
Stacy Summary: More unemployed Swiss bankers unable to leave their country for fear of the long arm of the American law. And Lehman collapse proving to be a huge financial stimulus for some people, maybe if we let more banks fail we would see a jobs bonanza in the US & UK?
Updates:
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Posted in Headlines
Tagged china, copper, devaluation, endowment losses, fiji, goldman sachs, harvard, islamic insurance, lehman, pensions, suicide india, takaful, ubs
Posted in General Information
Tagged accounting tricks, angry taxpayers, goldman sachs, hank paulson
Headline: Germany bans cultivation of GM corn
My comments: Monsanto is as much of copyright abuser as Disney. Monsanto, as I’ve written many times before, uses abusive copyright and patent laws to monopolize seeds; introducing ‘terminator seeds’ that are eunuchs incapable of reproduction along with other equally destructive products. This means prices for food go up. Way up. Are they helping farmers and poor people? About as much as Visa and Master Card and predatory pay check lenders. Monsanto treats seeds like a currency that can be manipulated. Do you really want Monsanto and Goldman sachs running seed banks? The last time I wrote about Monsanto, their PR machine smeared me within 24 hours.. I’ll keep you posted.
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Max was interviewed a few months back by Confusionism for a series called “Extra-Ordinary,” a series described as such:
Extra-Ordinary is a project in which I ask people two main questions.
What concerns you in the world today?
Who is the smartest person you know?Extra-Ordinary is a network experiment. I interview a person, then ask them who the smartest person they know is?. I then interview that person and ask them the same question, so on and so forth ad infinitum until we work it all out and I have interviewed a whole host of really interesting, creative, intelligent switch on people.
Topics: Copyright locking up good ideas on corporate balance sheets; Bob Dylan; and the smartest person Max knows is . . . the only person he knows!
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Posted in Max Keiser Video
Tagged confusionism, copyright, extra-ordinary, interview, max keiser
This Cory Doctorow column in the Guardian about gaming and currencies is a nice update to a trend I’ve been tracking since 1996 and the launch of Hollywood Stock Exchange.
At the time, when I was running HSX I insisted on allowing users to convert Hollywood Dollars into U.S. dollars at a fixed exchange rate of 1 million to 1. The profit to us was pretty good because by the time a user on HSX made 1 million Hollywood dollars clicking around our site, we had served more than 1 dollar in ads. The NYT called the Hollywood Dollar the first virtual currency in existence in a story from around that time.
What’s interesting to me today, is not that virtual currencies are just now being understood as a viable piece of the overall economy but how supposedly smart people, like America’s favorite economist Paul Krugman, fail to understand, or have decided not to inform Americans that the Federal Reserve Bank and U.S. Treasury issuing U.S. dollars is no different than online game currencies.
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Posted in Max Keiser Blog
Tagged cory doctorow, fiat currencies, hollywood stock exchange, hsx, max keiser, virtual currencies
Stacy Summary: Another day, another headline outlining the devastating consequences of monopoly and monoculture. First the ‘too big to fail’ banks wiped out the financial system, now the identikit towns across the UK (and US no doubt) are threatening the spread of ‘ghost towns.’
Updates:
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Posted in Headlines
Tagged 2005 bankruptcy laws, aig, gdp, germany, ghost town, gm corn, goldman sachs, halifax, hbos, hsbc, monoculture, negative equity, retail monopoly, singapore
I pulled the following comments from recent posts:
Max: On the one hand you’re talking about “de-commercialization of art” and on the other you’re saying there are “revenue streams” for PMF.
So which is it?
You can’t have your cake and eat it too.
And:
Max, Nature is the ultimate creative force, who does it pay? It pays itself, it feeds back into itself, creating more diversity through better design. Nature, as culture, is selfishly unselfish, it is a system of favours, a system of mutual appreciation and ultimately a matrix of a trillion trillion trillion moments of piracy.
These two comments sum up the interesting interplay between the economy and the ecology. The economy should mirror the ecology more than not. Even Adam Smith hints at this in his famous works written during the time economic liberalism’s creation during the period of the Enlightenment. What most people equate with a ‘fast growing economy’ is nothing of the sort. Any economy or any component of an economy that is growing faster than the host economy or host political system or country has to be considered more cancerous than organic.
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