Stacy Blog: Questioning Max Keiser

A very amusing film made by a regular commenter here.  Would love to see your comments! ;)

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Headlines, Headlines, Headlines – 13 April 2009 [Updated]

Stacy Summary:  The global currency and sovereign debt grid are once again in today’s headlines; and those headlines are ominous for the economic futures of US & UK.

Updated:

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Stacy Blog: “PirateMyFilm: A new way of making movies”

Came across this blog from a regular. Very interesting ideas. Would love to read your comments on this:

As an indie film maker myself I am quite interested o see how [PirateMyFilm] will work out. It has already created noise on the internet. I personal think this a great idea an it fits in quite nicely with the physical and mental DNA idea.

Culture is the primary and ultimate opensource software platform. Our heritage, our everything, is drawn from an infinite pool of genetic cultural accidents.

Thought experiment _ If we replace “ideas” with “Strands of DNA”, and think of culture as an evolutionary system. Owning and withholding strands of DNA would most definately result in the devolution of mankind. It wouldn’t make sense to expect people to pay to use a certain part of a genetic structure and if that was the case what would be the price of an eyeball. Its fair to say that, we would live in a world of disease ridden idiots and ultimately genetic pirates. People who copy and distribute the DNA people want and need would be made criminals by unreasonable laws.

Read the rest of the blog here

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Headlines, Headlines, Headlines – 12 April 2009

Stacy Summary: The British economy turns Norman Bates-like as taxpayer owned banks start harrassing the taxpayer with threatening phone calls.

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[1025] The Truth About Markets – 11 April 2009

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Max Keiser Blog #4 Pre-Beta – The self-expression in price discovery

Micah M. White has a new blog up on AdBusters; “Support Online Piracy

He says:

“There is no swifter way to bring about the de-commercialization of art than to undercut the profit motive. Likewise, there is no better way to promote a blackspot culture than to actively copy and distribute the cultural productions that speak to us and the future we’d like to build. If we pirate everything, how will the artists get paid? That is precisely the point: piracy opens up the possibility of imagining new ways of being and new ways of supporting the potential of art to change the world.”

To the extent that I am correctly (or incorrectly) interpreting White’s comments,  I agree that de-commercialization is necessary as a means to reinvigorate our public spaces and our public discourse. I see the current media and commerce market as a zero sum game where every dollar, inch, and minute gobbled up by private interests means a commensurate loss of the public’s interest.  I agree that the artists will create art regardless of any profit motive. The overwhelming majority of art and culture that has been created by humans has been done so for little or no money. I agree that by draining the entire economic system as it currently exists will exert downward economic pressure on everyone, including artists. They are, however, able to keep producing premium, insightful, highly valued artifacts no matter what’s going on in the economy.

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Max Keiser to speak in Novi Sad, Serbia, June 7 & 8

Stacy Summary: A reprint of excerpts from the invitation to Max to appear at the Novi Sad festival in Serbia.  It’s an exhibition and conference around the idea of money.  It sounds interesting, plus I think we can fulfill the demand from that one person in Serbia who is asking for Max Keiser in their hometown!

I’m writing to you regarding one event that we are preparing for June. It will be exhibition + small conference (better say bigger workshop…) and it will be part of film festival in Novi Sad called Cinema City. Opening of the event is on 6th of June. The conference will take place on 7th and 8th of June.

Working title of exhibition is “Wealth of Nations” (with clear reference to Adam Smith…) Idea for the topic of this year was to talk about the concept of money / financials. The reason for the theme was actually a bit before “global financial crisis” but it appears that GFC is good coincidence and gave the wind for realization of the topic. The title certainly refers to liberal economy that was dominant for several decades but it also could trigger the questions and notions of what we consider as wealth / exchange value in general (although this could be too wide and general)…

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Max Keiser to be interviewed for next film by Zeitgeist director

Stacy Summary:  Max will be interviewed for the next film by Peter Joseph.  It will be about the world monetary system.  The email invitation is re-printed below with his permission:

My name is Peter Joseph and I have created two fairly well known internet documentaries called “Zeitgeist” and “Zeitgeist: Addendum”.

“Zeitgeist Addendum” has been seen online by about 21 million people since its release.

I have a strong appreciation for your honesty and candor in regard to the nature of the world monetary system in the present day.

I am making a third film about the structural and psychological ramifications of the profit system and I would be honored if you would agree to an interview for it.

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Headlines, Headlines, Headlines – 11 April 2009

Stacy Summary: Goldman Sachs begins exerting their Executive Privilege.  Out go the dissenters and the interest rate raisers.

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Max Keiser Blog: Hollywood Luddites & Subsidized Corn

As the US dollar continues to be challenged as the world’s reserve currency many sacred US institutions are also being knocked from their perch.  Hollywood and America’s huge intellectual property export market, one of America’s biggest exports after military hardware and state subsidized (read: communist) corn, will sink just like the US dollar.

In reference to PirateMyFilm, my new micro-payment indie film finance site, the effect of this site on Hollywood will be interesting.  Anyone who’s been involved in the movie business in Los Angeles knows, the business adheres to a strict hierarchical model with the three main talent agencies at the top controlling the ‘A’ list stars whose bankability or ‘star power’ is monopolized to drive prices higher. 

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Headlines, Headlines, Headlines – 10 April 2009

Stacy Summary:  Banks resembling mafia organizations in the headlines today as the banks are forced to take an oath of omerta to Geithner and the Australian bank cartels shakedown the people.

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Guest Blog from Atheist Patriot: Zero Sum Banking, 0 = 0 again

Post by guest blogger Nathan from Atheist Patriot

I want to introduce an idea here. It is a relatively simple idea. The idea is that all banking should be a zero sum game. Zero sum means that for all loans, any money created from nothing must be matched contractually by money owed, and if the money is not created from nothing the banking must be full reserve banking. This simple change in banking practice is enough to fix the Ponzi schemes inherent in banking today.

To add to this I would add that the Federal Reserve needs to go the way of the dinosaur. Additionally, an amendment should be added to the constitution that Jefferson would have wanted, which is that the Federal Government can never go into debt. All funding for government projects must be Greenback based. No tax for any US company or person at any time and all projects by law must be competitively financed through open bidding, again also by law. Add to that the same for local, county and state governments as well and there would be enough freedom and economic independence to go around. There are a laundry list of other such great ideas that have been floating around, such as limiting terms for senators and representatives to two terms, but for the rest of this article I would like to cover what I call Distributed Fractional Reserve Banking and how it fits into Zero Sum Banking.
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Headlines, Headlines, Headlines – 09 April 2009

Stacy Summary:  London turns into a ‘see-through’ City with a ‘see-through’ currency.

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Max Keiser Blog #2 Pre-Beta – The copyright reform movement

I saw this in the comments:

supporting one cause over another cause does not cancel out supporting anything, it simply leaves us all free to do what ever we can to make things better

Glad you brought this up, and I vehemently disagree.  I’ve had this conversation many times with activists from NGOs in countries all over the world. There are approximately 10,000 NGOs and approximately 2 million people who work for them who together control approximately 1 trillion dollars worth of the global GDP.  The reason why NGOs in the green movement, the social justice movement, the free software movement and others have not had the success one would have imagined given the passion and intelligence of those involved is because they lack economies of scale.  To successfully push back against corporate and political oligopolies requires a force that is equal or grater than the forces aligned against these movements.  I have said many times before that the reason Greenpeace is not making more progress for environmental justice is because they insist on showing up to gun fight with a knife.

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