On the Edge with Max Keiser – 22 May 2009

May 23rd, 2009 by stacyherbert

Stacy Summary: I will have a higher res version up shortly and the second half up even sooner! In the meantime, here is On the Edge.

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63 responses so far ↓

  • Mother Earth
    May 23, 2009 at 2:39 am

    Brave. Last seconds where silent..

  • Nor84
    May 23, 2009 at 2:53 am

    I just need to say this: I completly love this site, I have tiped my friends to it aswell.

    Max and Stacy, thank you for getting me interested in economy, because of you. Not only economy, but also how it means so much for our freedom.

    I came over it when looking for a definition of fiat money for a economical part of social antropology paper i did reacently.

    - Norway

  • stacyherbert
    May 23, 2009 at 3:00 am

    @Mother Earth – it’s because the microsoft powered feed from presstv went dead; same thing happened on the second half; not to worry as I will post the entire raw feed later

    @Nor84 – THANKS!

  • Mitesh Damania
    May 23, 2009 at 3:01 am

    Hear hear! You guys seem more reserved (so far) compared to the Oracle. More outbursts!

    Get an aminated green screen backdrop and display the pics in the top left corner like on the Daily Show (no budget for it?)

    There were some miscues such as showing Stacey instead of the chart.

  • Mr Supergeek
    May 23, 2009 at 3:24 am

    @maxkeiser.com

    Did stacy not appear on the show because she will have wear a hajib?

  • M
    May 23, 2009 at 3:30 am

    Good work!

    You guys are saving lives!

  • Steve Cone
    May 23, 2009 at 4:01 am

    I can’t wait to see the second segment. Maybe Max will don the fez on the counter beside his monitor. There was no way Max could fix his “commentator’s” initial flub on the identity of the two camps. New show — kinky, but cool.

  • Youri Carma
    May 23, 2009 at 4:23 am

    Good stuff guys. Godamn Max you gotto write a book about all these Wall street tricks “Painting the Tape”, “The look back Trade”, “Kiekeboe book keeping” – I all learned this from you and could use it to describe current affairs accurately.

    Stores That Are No More (Pictures) http://tinyurl.com/b43t7s

  • richard
    May 23, 2009 at 4:45 am

    @Stacy and Max: good start—looking forward to many more episodes….don’t quite see how you’ll insert: “arrest the bankers” into this very forematted time slot…regardless, since the perpetrators have the entire world convinced that the “Ponzi scheme economy” supercedes and is superior to the functioning of the basic physical economy…..this will most likely go on and on and on for many years to come as they “fix” the imperfections along the way…So when do we get to ask the FED OIG and/or TARP head, Professor Warren: WHERE IS THE $350 b????….On my budget I freak out when $10.00 is missing…..much success with future segments, as always, Richard@lattitude30N

  • Youri Carma
    May 23, 2009 at 5:10 am

    PAINTING THE TAPE
    Dan Schaefer says: “Something strange happened during the last 7 or 8 weeks. Doreen you probably can concur on this — there was a power underneath the market that kept holding it up and trading the futures. I watch the futures every day and every tick, and a tremendous amount of volume came in a several points during the last few weeks, when the market was just about ready to break and shot right up again. Usually toward the end of the day – it happened a week ago Friday, at 7 minutes to 4 o’clock, almost 100,000 S&P futures contracts were traded, and then in the last 5 minutes, up to 4 o’clock, another 100,000 contracts were traded, and lifted the Dow from being down 18 to up over 44 or 50 points in 7 minutes. That is 10 to 20 billion dollars to be able to move the market in such a way. Who has that kind of money to move this market?

    On top of that, the market has rallied up during the stress test uncertainty and moved the bank stocks up, and the bank stocks issues secondary – they issues stock – they raised capital into this rally. It was perfect text book setup of controlling the markets – now that the stock has been issued…”

    http://zerohedge.blogspot.com/2009/05/flagrantly-visible-hand.html

  • Vicktor Storr
    May 23, 2009 at 5:21 am

    Excellent idea, this show. Please label the parts better at Youtube or Google so that they can all be found. The videos at Youtube are a tangled mess.

  • snoop diddy
    May 23, 2009 at 5:27 am

    Max is so patronising,
    ‘The greater fool, that doesn’t sound good.’
    The inflexions are terrific lol.

  • sharon
    May 23, 2009 at 5:40 am

    Great show. The only thing I would mention is that the key point to be made ref: holding up the market (trading at 5 minutes before close) was the fact that it took 10 to 20 billion dollars to to achieve that. Who has that kind of money to move this market? That question needs to be answered imo.

  • stacyherbert
    May 23, 2009 at 5:43 am

    @sharon . . . we did answer that question and talked about the plunge protection team, but the stream cut out on me while recording; will have to post it when i get the full version

  • Peter
    May 23, 2009 at 6:04 am

    Nor84. You are a lucky person. I believe that you are living in one of the very few truly safe economies in the world. Can I move there too?

  • solomio
    May 23, 2009 at 6:07 am

    good stuff, but is there still some missing?
    I do have a question:
    I know that the the US FED works totally independent from
    politics and there is really any control,
    watch e.g. Greenspan saying that here:
    http://www.youtube.com/watch?v=ol3mEe8TH7w

    My question is what about the European Central bank?
    Is its case similar? or does one sees there some political interference and or control?

  • solomio
    May 23, 2009 at 6:12 am

    by the way there is a lot of sports and stupid stuff on
    CNN and BBC news recently …. usually that means that there is
    REALLY something going on behind the stage….

  • Mr Supergeek
    May 23, 2009 at 6:17 am

    @mike
    I think Max should interview the guy from ‘fast money’
    jeff’I I’ve just gotten off the bus in crazy town’ macke…

  • Danny
    May 23, 2009 at 6:48 am

    I watched the show live on tv while enjoying an organic broccoli stirfry– mmmmmmmm……

    Yeah i liked it. of course i did! really great to see that you guys used stories that us regulars send in all the time. thats pretty cool.
    when you see the difference between your coverage and the mms; its just uncanny. as always, no bs. Keep it up.

    Koudos too to press tv.

  • Leroy
    May 23, 2009 at 7:34 am

    Great job Max and Stacy. What was that baggie in front of the computer? I think Max did a good job but. My kids like learning about the economy from him. Having him jump around and shout would help capture their attention and give me a laugh too.

  • Vlado
    May 23, 2009 at 7:48 am

    An excellent portable analysis of the most recent week in the life of the twisted mutant that dubs itself the US economy. Sharp and pointed as the title promised. Looking forward to seeing more.

  • William
    May 23, 2009 at 8:01 am

    Max you’re using that laptop to hold your cue cards aren’t you? I really liked the show. If you had a daily show, I wouldn’t have to search all over to get information.

    This interview is right up your alley. Michele Boldrin, co-author of the book: “Against Intellectual Monopoly”. http://mises.org/multimedia/mp3/interviews/Boldrin_03-25-2009.mp3
    And for interest sake:
    Free Markets: An Interview with Joseph T. Salerno. Discusses why Socialism is impossible, The Gold standard (Golden handcuffs of Government) http://mises.org/MultiMedia/mp3/interviews/Salerno_04-09-2009.mp3
    And Meltdown: An Interview with Tom Woods, author of the Book “Meltdown”. The book about what caused the current economic meltdown. Quote: “Politicians support a fiat based currency, so they can create money out of thin air and reward their friends.” And he answers “how do free markets deal with the gap between the rich and the poor?” http://mises.org/MultiMedia/mp3/interviews/Woods_YAL_02-16-2009.mp3

  • John
    May 23, 2009 at 8:03 am

    Keep up the fight Max. Why don’t you come to Canada and run In our next Federal Election. You got my vote.

    John

  • Veritas
    May 23, 2009 at 8:17 am

    Max, it’s time to state it plainly:

    OBAMA IS A PART OF THE RACKETEERING.

    He belongs in jail as much as the rest of them.
    The gangster junta that Bush started in earnest is continued under Obama and is expanding.

  • snoop diddy
    May 23, 2009 at 8:18 am

    too much to bear:
    http://www.usdebtclock.org/

    *contents could cause epilepsy.

  • bzmoore
    May 23, 2009 at 8:32 am

    Last White house was controlled by Warmongers and Oligarchic war contractors and their running dog oil buddies. This one is evidently controlled by Moneymongers and Oligarchest money manipulating bankers and their running dog Wall street buddies.

  • Rasta
    May 23, 2009 at 8:37 am

    you should blow up the charts a little larger on the screen…..can’t see them.

    looks like a great show and thanks for representing us traders and the people in the market. most programs focus solely on all these theoretical purists from universities and gov’t who think they know what they’re talking about.

    now if you could just get someone in Canada to feature you too.

    groovy new opening music…..

  • Brandon
    May 23, 2009 at 8:42 am

    Larry Summers, Tim Geithner, Rahm Emanuel helped kill the Glass-Steagall act in the Clinton White House. They are all Robert Rubin boys. Geithner as Chairman of the New York FED in 2007 said the banking system was never better. I try to tell liberals this but they don’t listen. Gerald Celente is right Wall Street has hijacked Washington.

  • el pollo
    May 23, 2009 at 10:16 am

    Max – great site but you have to be a bit more careful about your facts. Elizabeth Warren is not the administrator of TARP and she is not a part of the executive branch. She is chair of a congressional panel set up to oversee TARP. She is totally freaked out by the thievery going on by the Treasury Dept. and the Fed, and she went on The Daily Show to get across to younger citizens just how f**ked up and crooked the TARP program is. She could very well be the only decent and honest person is this whole financial mess. You have to be more careful about your facts if you want to maintain credibility.

  • smallz
    May 23, 2009 at 10:47 am

    1. Check hiding
    2. Bear raiding
    3. Front Running
    4. Back Dating
    5. Look Back Trading
    6. Pump & Dumping
    7. Wash Sales
    8. Match Sales
    9. Blank Check IPO’s
    10. Parking Stock
    11. Painting The Tape
    12. Market Timing
    13. Late Trading
    14. Shearing
    15. Spring loading
    16. Bullet Dodgeing
    17. Naked Short Selling

    Now Enrolling Max Keiser School for Fraud Detection.

  • Danny
    May 23, 2009 at 10:51 am

    Any sign of episode one????

  • Rich
    May 23, 2009 at 11:11 am

    @Max&Stacy:

    Encore Encore Encore

  • Mep
    May 23, 2009 at 11:25 am

    @ Mike/liverpool, It seems that it is you who just woke up to what the “lib-left” has to say. While the right has been going insane talking about Obama’s teleprompter use, his use of dijon mustard, his manner of greeting foreign heads of state, etc., it has been the “lib-left” that has been most critical of Obama–on substantive policy grounds.

    Sure, there are some on the left who act as the Bushies did–they simply fall in line and defend everything that the administration does while demonizing those who dissent–but if by “lib-left,” you mean those who are more progressive, like Rachel Maddow, those people are among the President’s biggest critics . . . as they should be.

  • TOC
    May 23, 2009 at 11:26 am

    Always good information…

  • Roger
    May 23, 2009 at 11:59 am

    The US Government stole my 210 troy oz of silver one ounce silver coins in 2007 raid by FBI and other government agents from Liberty Dollar warehouse. The government does not bring this to trial but continues to delay the trial date every six months. I’m waiting to see what happens at the end of the current six months continuance that ends this June. Wanting my stolen property back.
    Lesson learned is to keep physical possession of your silver and gold and not paper receipts.

  • trendsense
    May 23, 2009 at 1:10 pm

    pretty good marc faber interview

  • Daniel S
    May 23, 2009 at 1:22 pm

    Speaking of painting the tape, the web-site theglobeandmail.com no longer provides intra-day volume charting on it’s main pages. Just a single number for the entire day. I used to be able to look at up to 5 days of intra-day volume for entire markets within a convenient little frame, without having to load a separate page. Now, on a separate page, I can only view intra-day activity for a single day at a time. So the tape is not only painted, but theglobeandmail.com has also hung it out of sight in the wine cellar. Maybe I just can’t find it, but I’ve looked a lot for it, and I never had to search for it before.

    Theirs is the same site that bumps articles into never never land if you post a cutting contradictory comment. I encourage anyone to try it. Be direct and ‘facty’. See if you can make a propaganda piece disappear in 15 minutes.

  • Daniel S
    May 23, 2009 at 1:33 pm

    I’m not sure if it’s covered in smallz’ list but they also;

    hide market info with small lots when the spread is large. If someone doesn’t have market depth (the ability to see beyond the first bid and ask prices) this can either cause people to pay more than they intended or sell for less than intended if they place a market order. It can also prevent them from placing an order at all. It’s easier to understand if you see it. But basically if you see just 100 shares bid and 100 asked for, you have no idea of the actual price people are willing to buy or sell at, and most active investors want an idea of that and to keep funds available for trades that are likely to actually go through.

    place large block orders and remove/move them very rapidly.

    Just watching live market data on individual stocks reveals a lot of fishy activity. Then with a service like stockwatch’s you can view every trade that happened that day as well. Although many are through “anonymous” accounts.

  • el pollo
    May 23, 2009 at 1:33 pm

    @Daniel S.

    Don’t know if it is as convenient as what the globe and mail dumped, but you can get this data from Yahoo finance. Just pull up your stock or index, then click on 5 days, then you can run the little ball back and forth and the cumulative total from the opening bell to the ball appears at the bottom left.

  • niko dinos
    May 23, 2009 at 1:38 pm

    dollar is dead. load up on beer and popcorn and get ready for the show.

  • Daniel S
    May 23, 2009 at 2:15 pm

    Thank you El Pollo. I just wanted to highlight the “coincidental” cessation of conveniently displaying that data by my favorite propaganda rag. But ty for the tip.

  • inflation
    May 23, 2009 at 2:59 pm

    Stacy and Max excellent video. Yeah maybe the freefall has stopped, kind of like if you fell off a cliff and hit an outcropping on your way down. You may even bounce a bit. But we are now rolling back off the outcropping for the next leg down.

  • Tofu Charlie
    May 23, 2009 at 3:23 pm

    The minimal approach is nicer to look at than The Oracle set. Well done, Iranian government!

  • Giuseppe Bagodonutti
    May 23, 2009 at 3:49 pm

    Moving Averages…

    I like the 150 for the current state of the TMX .
    with a 21 and a 50…(for the crossovers…good points to catch a trend….)

    daily, 30 minute, 10 minute, 5 minute, 3 minute and 1 minute charts.
    Depends on the type of trade,
    Scalp, day (overnight holds… M&S say it’s profitable, and they are right), or swing…

    If cows are coming back into vogue as Currency,
    then BUTCHERING is going to become
    a highly lucrative profession.

    After all,
    Cattle Owners
    want quality cuts…

    The market seems to act like a guitar string.
    In the morning, during the premarket,
    watching the bids and asks set up
    is like fingering positions of a chord.
    guessing… what notes will be in harmony with the rest…
    shuffle shuffle…

    until the attack…
    Is it an upstroke?
    Downstroke?

    maybe a slap or tap across the strings…
    some strings (i.e. sub-markets) will resound,
    others won’t…

    then the notes play out to form
    a part in a piece of music…

    a note in the grander composition….

    all that energy…
    just to produce one note…

    Now Frank Zappa…
    He understood the way it went…
    The audience is fed tension
    until they are at the point of breaking
    Then suddenly,
    FZ shifts the melodic direction of the piece into glorious harmony
    the rhythms, and underlying melodies
    all synchronizing.

    Nirvana,,,
    the audience is pacified for the moment…
    Back to the apathy of Chaos…

  • rb
    May 23, 2009 at 7:02 pm

    to giuseppe:

    “watching the bids and asks set up
    is like fingering positions of a chord.
    guessing… what notes will be in harmony with the rest…
    shuffle shuffle…”

    i guess the point is to be in tune.

    which has never happened in the history of the modern world… if i can tune a guitar, can I run the worlds economy?…

    you can bet your ass.

  • Giuseppe Bagodonutti
    May 23, 2009 at 9:17 pm

    @rb

    I don’t know if the point is to be in tune…

    You can make some pretty ugly sounds by mixing
    5ths and flat 6ths…
    throw in the 2nd…
    Now you have a dissonance party…

    Tight tight tight !!!!!

    If only Tuco was here,
    he’d know what to do…

    if anything,
    the point is to be flexible.
    Like a blade of grass
    or a jazz musician

    “Cut your losses short,
    let your Profits rise” … tweetcast #9

    #9

    #9

    #9

  • Kevin W. Smith
    May 23, 2009 at 9:21 pm

    Max, Great info again. You keep me informed and entertained at the same time. Keep up the great work informing us real people about what is going on. Perhaps you can show the Fox & CNN journalists a thing or two.

    When ever I make it back to France for the Tour de France Lunch is on me. ;)

    Ciao,
    Kevin W. Smith

  • George
    May 23, 2009 at 10:17 pm

    You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away men’s initiative and independence.
    You cannot help men permanently by doing for them what they could,
    and should, do for themselves.
    Lincoln

 
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