Stacy Summary: The Fed needs to do a lot of things. First, it needs to disarm and disband. What do you think the Fed needs to do? Or do you think something needs to be done to the Federal Reserve?
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Michael Hudson
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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here’s the first few paragraphs of the novel I’ve been working on that I hope will bury Ayn Rand’s work as the ravings of pre-neo-liberal cult clown;
Buy Love, Sell Fear
by Max Keiser
INTRODUCTION <memetime>
October 19th, 9:57 AM, one year and three minutes before the US dollar and stock market crash of 1987.
Chris Jinx, a playwright living at 145th St. and Broadway in the Sugar Hill section of Harlem has faced death this morning and is anxious to talk about it. On a shelf nearby, a goldfish swims next to a box of yellow grits.
Chris is having locution troubles. The words stumble out of his mouth. Inside his dented skull, his mind reels. He hears himself yapping; diction slurring, saying nothing; Blood clotting and caking around his nose and mouth, hardening, tightening, contorting. But he is a born story teller – so he soldiers on.
Jack Kingman, Chris’ roommate – pre-yuppie scum from Scarsdale – a young man who has done everything he can to eliminate the advantages of growing up white, stares at Harlem through the kitchen window. He appears to be listening to Chris, but Jack fell into a blackout two days ago when the alcohol level in his blood screamed past lethal and took his sanity hostage.
Chris could be on TV – dying – or just someone sitting at the kitchen table – dying. Jack preferred the later idea. He was cold like that. Just a cold blooded white honky living the Harlem dream thanks to a bet he made with himself two years ago and lost.
Yap, yap, yap, Chris warbles while Jack ignores the gushing crimson crocus spreading out on the kitchen table. Then the red stuff stanches. Chris was going to live despite the indifference of the white punk on dope standing next to him, floating above the unpleasantness, unimpressed by the squalor. He knew there was enough white in him no matter how far uptown he went. His whiteness would always be there if he needed it. He had honky charm.
The natives came by their calm after poverty’s dripping acid had erased any resistance to cool. For Jack, it came from knowing that he was just a a No. 1 train ride away from the World Trade Center and the cotton candy financial derivative plantations on Wall Street where white sons go to pick thousand dollar bills in the Elysian meadows of their great grand daddy’s ready-whip capital markets.
“I was walking up Sugar Hill on my way to the A-train when this icy gust rolls down… It cuts left, then blows East on 145th – then I feel a serious chill on my neck.” Chris says, tugging on two imaginary coat lapels; his eyes never losing sight of Jack, who stares blankly at the goldfish.
Just got up Max?
Think Stacy out shopping.
Mike
i was on press TV afshin rattansi show last night.. waiting for the upload to YT.
FED has to be nuked and the members taken to the all ready built concentration FEMA camps to do some forced forest labor.
At least these gangsters have a change in live to find out what it really means to actual do some work.
Till now it’s only a opaque word in their dictionaries.
Can’t wait
Stacy seems keen to know WHY i want the £ to Crash & Burn………”Mikes Master Plan”.
If your got my e-mail, just ask i be delighted to send to you guys.
Mike
Max
It needs Car chases !
Mike
What a teaser, Max. I can’t wait to read the whole book. I was hoping you would write a book.
I have no idea what’s going on. I’m sitting on cash watching it smolder. I was honestly looking at a penny and a $20 bill last night wondering if or when the metal in the penny might be worth more than the bill.
If I hand it to central fund I think they’ll snicker.
If I hand it to goldmoney I think the government will snicker.
Hmm, snickers. I’ll buy a pallet of snickers. Nnnutty.
the fed and treasury could be floated and all americans buy a share
Ayn Rand merely presents natrual tendencies as the way to go. Most natural tendencies have evolved for being sufficiently succesfull in small communities. Their amplification by modern technology and effects on modern society may (and seem to) lead to utter diseaster.
I hate republicans suddenly wanting to become a ´John Galt´ as if they ever had any part in the creation of real wealth for their fellow americans or ever fostered originality or innovation.
Truth is some people will grab any excuse or method to enjoy undeserved wealth once they are infected with the ´entitlement virus´. The only cure for this disease is deep embarrisment and utter social debilitation.
When does the Truth about Kiwis air? And does anyone else have trouble streaming RDU radio?
I’d have to review Objectivism’s major tenets, but does it impose, like Neoliberalism, a false valuation upon society that property is all that matters and that workers/citizens/consumers are all disposable?
The Fed may need to raise rates soon?
IRX, FVX, TNX, and TYX are all in uptrends. The bill, note, and bond markets are all in the process of raising rates. Since the Fed merely responds to what the fixed income security market is doing, their similar response will be assured.
The continued sale of treasuries, in light of money stock explosion, will require higher rates sooner than later. However, the dollar’s engineered race to the bottom vis-a-vis other currencies will not see Fed controlled rates rising very much.
’will bury Ayn Rand’s work as the ravings of pre-neo-liberal cult clown;’
brilliant Max, gotta work that into the book somewhere.
In the short run, the Fed needs to raise interests now, otherwise the feedback loop between money creation and market reaction will become uncontrollable. It won’t happen but it would be the responsible thing to do.
In the long run, the Fed needs to be shuttered and its books need to be studied with great care. Cases of fraud and other criminality should be prosecuted.
In the long run the status of legal tender for the FRN dollar should be removed. Until the country can return to the gold standard as mandated in the US Constitution, let Americans do business in whatever currency or form of barter that they prefer. A great advantage to this is that it will become almost impossible to asses or collect taxes, and therefore we might be able to starve the Federal beast back to a controllable size.
End the Fed, only in a respectable honorable way.
What I want to say is that the fed should see a Saddam/ Baghdad style end. With American war planes dropping “mother of all bombs” on their buildings, and those responsible hanged with cheap Chinese rope until their heads pop like Pez dispensers, only, they are not Pez dispensers, they are poverty dispensers, so they should probably be force fed gold bullion to be beaten out of them like pinatas before the hangings commence. Just a thought. Or we could try rehab and start up Banker’s Anonymous. I prefer the first idea.
@MAX!
That is too funny, man! “Took his sanity hostage” “Honky charm” does that really exist? What the hell is “Honky Charm”? Classic, it reminds me of Fear and Loathing or Hitchhiker’s guide to the Universe.
The Fed needs to abolished and made a legitimate bank of America. Derivatives need to be destroyed- used as wall paper/for wrapping fish. All the money in the world can’t pay for them. To get out of a depression, a nation must make things. I suggest a massive rebuilding programme. 0% interest loans for projects involving building things that will increase a country’s stock ie. modern road network, hospitals, new technology light rail systems, sewege treatment, water networks. Money only for these projests- nothing for spectulators.
@Daniel
Good work man! I like your suggestions. The US would gain immensely from a new High Speed magnetic levitating rail system. (Raised a few feet above the ground the whole length of the tracks to avoid animal accidents in Wyoming and Colorado elk country.) A project like this would be an incredible asset to a nation.
The US is a basket case Fed or no Fed now. It’s time to pay the fiddler. The oligarchs will sit on their thrones while the citizens turn on each other because they are too scared to turn on the govt. All the right to bear arms ever brought them was an urban arms race and the right for the govt to come after them with bigger weapons. If they want to survive they will have to have a society of socialism, capital for capitalists and as little govt as possible to get their country off the ground again. Time to put away the concept that everyone can be Oprah Winfrey if they just wish it could be so and have positive thoughts and use the right marketting gimmick . My opinion anyway.
Snoop D.
That about sums it up. Lets not forget that the Olies have great fears too! Once all is lost for us little people there will be nothing left to lose. That is when the Olies have nothing but EVERY THING to lose. their ranks will fail them, their generals will greedily seek more wealth and power. The Ego is a funny thing, like a parasite it needs a host, but soon it has killed the host and itself. It seems that they have a lot more to fear than i do.
Stacey,
Yes, absolutely! The fed needs to…I can’t even begin….don’t get me started…
To be completely sober about it (if that’s possible, which it hasn’t been yet), I would place the Fed under the control of Congress. Of course this isn’t any more feasible than Goldilocks adopting a pet lion. Until monetary policy is controlled by some accountable agency like the Treasury or the Congress, we’re SOL.
And until politics is divorced from financial power, we are USC (up Shit Creek), which is on the way to SOL.
BTW, Max’s paragraphs are riveting (as are most of his paragraphs), and a real cliff-hanger.
@Danny,
I don’t want to be nit picky, but it sounds like you want to get out of debt, by borrowing more money. The Fed has a easy money policy(0-.5%), so you’re solution is to have an ordinary bank issue loans at 0%.
I kind of agree with you on how to get out of a depression; but you have to “produce” things, not “build” things. So building a factory that could eventually be used to produce goods will help, while building a hole and then re-filling it does nothing.
It sounds like you just want a bunch of big social spending projects and free money. To me that’s just re-arranging the deck chairs on the titanic.
With regard to the latter article, did you notice how they try to marginalize Ron Paul. If you want a lesson on consistent logic and ideology, just follow that man. Ron Paul is the only person that I have ever bothered to get to sign his book.
@Max,
If your book doesn’t suck, I’ll get a signed copy. (lol)
here’s link to “between the Headlines” show from yesterday.. can anybody convert this to a youtube file.. my bit comes in at 2.:30 – maybe edit the youtube to get rid of the all the boring intro. stuff…
http://www.presstv.com/programs/player/?id=94597
To answer Stacy’s question, I think Ron Paul’s answer to the Federal Reserve makes the most sense. Sound money just makes sense to me!
I’m just listening to an interview with Adrian Salbuchi talking about Agentina and it’s failures, and the parallels to the U.S. economy. As well they touch on the derivative market. It’s pretty interesting.
http://www.contraryinvestorscafe.com/broadcast.php?media=239
@ Max. Very nice! Love the title, and enjoyed the first couple paragraphs enough to want to read more.
If you get tripped up with structure later on down the road, post. I’ve watched my fiance struggle for a couple of years to write his first novel, and know of some good resources. (A good book on process is Stephen King’s “On Writing”.)
THE FED MUST RAISE INTEREST RATES AS SOON AS POSSIBLE.
GREENSPAN WAS INSPIRED BY BERNANKE TO CUT RATES
TO “ILLEGAL LEVELS” WHEN HE WAS AT THE FED.
NOW THIS TRICKLE-DOWN BERNANKE IS TRYING TO FINISH
EVERYTHING OFF.
WE DON’T NEED THESE KIND OF CROOKS RUNNING
THE FEDERAL RESERVE.