Comments on: [1045] The Truth About Markets – New Zealand – 08 July 2009 http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/ Financial War Reports Mon, 13 Feb 2012 10:11:18 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Tofu Charlie http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12655 Tofu Charlie Wed, 08 Jul 2009 23:55:32 +0000 http://maxkeiser.com/?p=2087#comment-12655 Fun trivia about ChCh: The Dalai Lama refused to get off his plane in Christchurch because of the "bad vibes"... Fun trivia about ChCh:

The Dalai Lama refused to get off his plane in Christchurch because of the “bad vibes”…

]]> By: Douglas http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12632 Douglas Wed, 08 Jul 2009 18:51:51 +0000 http://maxkeiser.com/?p=2087#comment-12632 Teenage Jesus and the Jerks! When is Lydia Lunch coming onto one of your shows? I bet she still has that optimistic view. Teenage Jesus and the Jerks! When is Lydia Lunch coming onto one of your shows? I bet she still has that optimistic view.

]]> By: sharon http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12629 sharon Wed, 08 Jul 2009 18:18:14 +0000 http://maxkeiser.com/?p=2087#comment-12629 @Fibon1123 Re: IRS being a private company. This would not surprise me at all. Basically countries like the US and UK are in effect corporations. Here in the UK all police, law courts, councils, gov depts are corporations, I even heard that IBM is the parent company of the south west region of england. We've all been scammed basically. All laws (besides common law which covers the loss of anything) are based on statute law which is based on commercial law. This means that you must give your consent before any of the statute laws can be applied to you, ie. all statute law requires the consent of the governed. Crazy or what?! @Fibon1123
Re: IRS being a private company. This would not surprise me at all. Basically countries like the US and UK are in effect corporations. Here in the UK all police, law courts, councils, gov depts are corporations, I even heard that IBM is the parent company of the south west region of england. We’ve all been scammed basically. All laws (besides common law which covers the loss of anything) are based on statute law which is based on commercial law. This means that you must give your consent before any of the statute laws can be applied to you, ie. all statute law requires the consent of the governed. Crazy or what?!

]]> By: Neo-Fuedal Casino Gulag Plantation Economy Minion http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12614 Neo-Fuedal Casino Gulag Plantation Economy Minion Wed, 08 Jul 2009 17:05:02 +0000 http://maxkeiser.com/?p=2087#comment-12614 You absolutely have to starve the populace of liquidity in order to force the sale of the plum assets for next to nothing. As I've said before, the real bargains don't happen until the populace has been literally starving for a decade. We aren't even close. Of course, we saw some early fire sales in the banking sector, when the largest retail bank presence in the country was bought for a giveaway in a "crisis". Expect far more of these sorts of, "huh?" moments over the next few years, as the rhetoric is all about stimulus, but the reality is tightening. The way it was done in the depression was higher taxes, protectionist tariffs, and devaluation of the dollar, coupled with increasing margin requirements at banks (thereby draining circulation of yet more dollars) and the government hoarding tax revenues as opposed to redeploying them into circulation. Today, we have the Fed secretly, and for the first time in history, paying interest on deposits, thereby eliminating any real reason for banks to deploy capital, except maybe by investing in T-bills for a sweet risk-free arbitrage. The system is now set up to keep money out of circulation. It's working, far as I can tell. Next come higher taxes, and then protectionist/nationalistic trade wars designed to strengthen domestic monopolies at the expense of free trade and general prosperity. Wouldn't entirely surprise me if they made physical gold illegal again, although there isn't much basis for doing so, and they can accomplish the destruction of commodities values much more effectively via derivatives, which is how it's all done these days. So look for continued and rising unemployment, deflation in assets even as the Fed prints more money but the banks hoard it, tightening credit for the same reason, and the entire media/government apparatus to pretend to not understand what is happening, even though the government and its banking masters engineered it. And don't hold your breath for any investigations into Bear or Lehman or Fanny or Freddy or Wachovia trading to ever surface, nor any into oil manipulation. That's off limits, clearly. Pretty F-d up world, but there you have it. You absolutely have to starve the populace of liquidity in order to force the sale of the plum assets for next to nothing. As I’ve said before, the real bargains don’t happen until the populace has been literally starving for a decade. We aren’t even close. Of course, we saw some early fire sales in the banking sector, when the largest retail bank presence in the country was bought for a giveaway in a “crisis”. Expect far more of these sorts of, “huh?” moments over the next few years, as the rhetoric is all about stimulus, but the reality is tightening.

The way it was done in the depression was higher taxes, protectionist tariffs, and devaluation of the dollar, coupled with increasing margin requirements at banks (thereby draining circulation of yet more dollars) and the government hoarding tax revenues as opposed to redeploying them into circulation.

Today, we have the Fed secretly, and for the first time in history, paying interest on deposits, thereby eliminating any real reason for banks to deploy capital, except maybe by investing in T-bills for a sweet risk-free arbitrage. The system is now set up to keep money out of circulation. It’s working, far as I can tell. Next come higher taxes, and then protectionist/nationalistic trade wars designed to strengthen domestic monopolies at the expense of free trade and general prosperity.

Wouldn’t entirely surprise me if they made physical gold illegal again, although there isn’t much basis for doing so, and they can accomplish the destruction of commodities values much more effectively via derivatives, which is how it’s all done these days.

So look for continued and rising unemployment, deflation in assets even as the Fed prints more money but the banks hoard it, tightening credit for the same reason, and the entire media/government apparatus to pretend to not understand what is happening, even though the government and its banking masters engineered it.

And don’t hold your breath for any investigations into Bear or Lehman or Fanny or Freddy or Wachovia trading to ever surface, nor any into oil manipulation. That’s off limits, clearly.

Pretty F-d up world, but there you have it.

]]> By: Phil http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12608 Phil Wed, 08 Jul 2009 16:38:52 +0000 http://maxkeiser.com/?p=2087#comment-12608 @Fibon1123 .. good links. IIRC, even Ron Paul is saying "get rid of the IRS" ! ... because it is not constitutional ! BTW, Switzerland is right in refusing IMO. The US "demanding" ... is infringing on Swiss sovereignty IMO. @Fibon1123 .. good links.

IIRC, even Ron Paul is saying “get rid of the IRS” !
… because it is not constitutional !

BTW, Switzerland is right in refusing IMO. The US “demanding” … is infringing on Swiss sovereignty IMO.

]]> By: Fibon1123 http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12605 Fibon1123 Wed, 08 Jul 2009 16:22:51 +0000 http://maxkeiser.com/?p=2087#comment-12605 Is this true? Iv stumbled on this? The IRS is a privately owned company based out of Puerto Rico It explains why down the page! http://www.abovetopsecret.com/forum/thread478832/pg1 You just could not make this up could you and if you did the publisher would say, nice story mate just its well unbelievable! Is the truth stranger than fiction? Is this true? Iv stumbled on this?
The IRS is a privately owned company based out of Puerto Rico
It explains why down the page!

http://www.abovetopsecret.com/forum/thread478832/pg1

You just could not make this up could you and if you did the publisher would say, nice story mate just its well unbelievable!
Is the truth stranger than fiction?

]]> By: Fibon1123 http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12602 Fibon1123 Wed, 08 Jul 2009 16:11:38 +0000 http://maxkeiser.com/?p=2087#comment-12602 The show goes on, in the US: http://www.swissinfo.ch/eng/news_digest/US_demands_UBS_comply_in_tax_evasion_case.html?siteSect=104&sid=10900272&cKey=1246615726000&ty=st BUT the Swiss seeking to provoke "international conflict" ha ha ha http://in.reuters.com/article/fundsNews/idINL849735520090708?sp=true The show goes on, in the US:
http://www.swissinfo.ch/eng/news_digest/US_demands_UBS_comply_in_tax_evasion_case.html?siteSect=104&sid=10900272&cKey=1246615726000&ty=st

BUT the Swiss seeking to provoke “international conflict” ha ha ha
http://in.reuters.com/article/fundsNews/idINL849735520090708?sp=true

]]> By: Phil http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12591 Phil Wed, 08 Jul 2009 15:22:40 +0000 http://maxkeiser.com/?p=2087#comment-12591 Adam .. Rick Bookstaber He was one of the inventors of these WMFDs. He also warned retail traders/investors in his book ( see above ) NOT to trade single stocks due to BigMoney manipulation. Trade only the Indices was his advice ! Adam .. Rick Bookstaber

He was one of the inventors of these WMFDs.
He also warned retail traders/investors in his book ( see above ) NOT to trade single stocks due to BigMoney manipulation.
Trade only the Indices was his advice !

]]> By: Adam http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12588 Adam Wed, 08 Jul 2009 15:15:57 +0000 http://maxkeiser.com/?p=2087#comment-12588 The Cold War in high frequency trading http://ftalphaville.ft.com/blog/2009/07/08/60761/the-cold-war-in-high-frequency-trading This April 2009 quote from Rick Bookstaber, with its overtones of Cold War mutually-assured destruction, seems eerily prophetic given recent events involving the alleged theft of Goldman Sachs’ proprietary high-frequency trading code by a programmer of Russian origin... The Cold War in high frequency trading
http://ftalphaville.ft.com/blog/2009/07/08/60761/the-cold-war-in-high-frequency-trading

This April 2009 quote from Rick Bookstaber, with its overtones of Cold War mutually-assured destruction, seems eerily prophetic given recent events involving the alleged theft of Goldman Sachs’ proprietary high-frequency trading code by a programmer of Russian origin…

]]> By: Photoception http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12587 Photoception Wed, 08 Jul 2009 15:14:55 +0000 http://maxkeiser.com/?p=2087#comment-12587 I think you have the numbers mixed stacy. 50% of volume is program trading, 70% is Goldman. http://www.nyse.com/press/1246962735805.html revised chart: http://www.nyse.com/pdfs/PT0622-0629.pdf I think you have the numbers mixed stacy. 50% of volume is program trading, 70% is Goldman.

http://www.nyse.com/press/1246962735805.html

revised chart:

http://www.nyse.com/pdfs/PT0622-0629.pdf

]]> By: Palantíri http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12580 Palantíri Wed, 08 Jul 2009 14:40:10 +0000 http://maxkeiser.com/?p=2087#comment-12580 Thanks for the show, fascinating talk. Why isn’t there (that I’ve hear of yet) other broker firms or other companies dealing with stock exchange protesting against this computer trade system? Thanks for the show, fascinating talk.

Why isn’t there (that I’ve hear of yet) other broker firms or other companies dealing with stock exchange protesting against this computer trade system?

]]> By: Phil http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12564 Phil Wed, 08 Jul 2009 12:07:16 +0000 http://maxkeiser.com/?p=2087#comment-12564 @Fibon1123 .. Your last link on "understanding the Exponential Function" Fibonacci ... that link is a good video for people to watch ( saw it years ago ). Explains why our planet cannot go on like this ! @Fibon1123 .. Your last link on “understanding the Exponential Function”

Fibonacci … that link is a good video for people to watch ( saw it years ago ). Explains why our planet cannot go on like this !

]]> By: Fibon1123 http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12563 Fibon1123 Wed, 08 Jul 2009 11:54:32 +0000 http://maxkeiser.com/?p=2087#comment-12563 I like this combination: Play these two together- ------------------------------- http://vids.myspace.com/index.cfm?fuseaction=vids.individual&VideoID=23992372 http://www.usdebtclock.org/ ----------------------------------------- Then if you don't believe that the new debt still does not matter watch these videos. You cant beat a dead horse, in for a penny in for a pound. The good news is this system has to be reseat against something, what indeed? mmmm what indeed lol? http://www.youtube.com/watch?v=F-QA2rkpBSY I like this combination:

Play these two together-
——————————-
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&VideoID=23992372

http://www.usdebtclock.org/
—————————————–
Then if you don’t believe that the new debt still does not matter watch these videos. You cant beat a dead horse, in for a penny in for a pound. The good news is this system has to be reseat against something, what indeed? mmmm what indeed lol?

http://www.youtube.com/watch?v=F-QA2rkpBSY

]]> By: Phil http://maxkeiser.com/2009/07/08/1045-the-truth-about-markets-new-zealand-08-july-2009/#comment-12561 Phil Wed, 08 Jul 2009 11:42:24 +0000 http://maxkeiser.com/?p=2087#comment-12561 @Youri .. "even RAM has become insanely cheap" You have obviously never worked on big iron. The PC prices have nothing to do with the prices IBM and Sun still charge ! The last smallish upgrade I witnessed on a mainframe at an investment bank was 10 Mio Euros. You effectively pay "protection money" .. and has nothing to to with "market prices" , more to do with hooking you on proprietry hardware ! .. although times may change very soon. BTW .. yes ,the hub-connection time plays a big role. @ "Yes they can afford it " To get the simplest and smallest upgrade to a big iron installation costs millions and months of committees and meetings. Also, in manpower ... in that an organisation that runs 24/7 globally goes through loads of UATs ( User Acceptance Tests ) until the final upgrade day arrives. It's NOT like just upgrading your PC ! ;-) @Youri .. “even RAM has become insanely cheap”

You have obviously never worked on big iron.
The PC prices have nothing to do with the prices IBM and Sun still charge ! The last smallish upgrade I witnessed on a mainframe at an investment bank was 10 Mio Euros.
You effectively pay “protection money” .. and has nothing to to with “market prices” , more to do with hooking you on proprietry hardware ! .. although times may change very soon.

BTW .. yes ,the hub-connection time plays a big role.

@ “Yes they can afford it ”

To get the simplest and smallest upgrade to a big iron installation costs millions and months of committees and meetings. Also, in manpower … in that an organisation that runs 24/7 globally goes through loads of UATs ( User Acceptance Tests ) until the final upgrade day arrives.

It’s NOT like just upgrading your PC !
;-)

]]>