[1047] The Truth About Markets – 15 July 2009

Stacy Summary:  The Truth About Markets, New Zealand.  15 July 2009.

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144 Responses to [1047] The Truth About Markets – 15 July 2009

  1. lol Mep, I bought a couple bottles and the cap was defective on the whiskey and umm, the cap was fine on the vodka but I drank all the whiskey and the vodka is open in my fridge. So much for that idea! :P

    Alcohol is a troublesome hedge because it’s bulky by value, and spending it would likely be capitalizing on an alcoholic’s self-destruction.

    Re: global warming, I’ve thought since the start that those arguing against it here were just here to hijack the dialogue. I was going to hunt down the funding of their sources but they’re using such consistent logical fallacies I became convinced they are immovable. You can tell when you see “all-or-nothing” thinking combined with responses that don’t actually directly address any argument you make. Is the green movement hijacked? Of course. That doesn’t negate it’s premises though.

  2. @ stacy,

    “… I don’t get the Obama is not American stuff and I don’t get the there is no such thing as being able to change the environment – ie climate change.”

    I take it to be a manifestation of American nationalism, if Obama is a foreigner (alien to the US) it’s a bad thing.

    I agree climate change can and has occurred. My concern is how this issue seems to have been taken as a means to introduce regressive fuel-rationing (de facto) via punitive taxation. It appeals to the puritans of the green movement who get satisfaction punishing offenders, usually the soft targets.

    “…I prefer conversations and debates about bankers, banks, markets, finance, Treasury, Fed, currencies. This notion that everything is a hoax can provide endless links to some other guy’s argument and there are loads of sites that cater to each side.”

    I don’t mind varied topics, obviously the ‘truth about markets’ is a self-explanatory topic. The notion that ‘everything’ is a hoax, along with the tiresome rhetoric about the ‘mainstream media’ (whilst credulously sucking up ridiculous blogs and web-media like Rense or Infowars) is typical of the traditional paranoia of the American right. It was first commented on in light of the Goldwater US presidential campaign (where Reagan and the new-right first gathered):

    [b][url=http://karws.gso.uri.edu/jfk/conspiracy_theory/the_paranoid_mentality/the_paranoid_style.html]The Paranoid Style in American Politics[/url][/b]
    By Richard Hofstadter†
    Harper’s Magazine, November 1964, pp. 77-86.

    Unfortunately that’s what happens if you associate with Alex Jones, many of his monomaniacal followers will express their concerns on your site, expecting it to align with your concerns. They don’t.

    e.g. posts you made about the Honduran coup or the herd-effect on ‘new social media’ don’t register with those more interested in portraying the US president as a suspect foreigner, or who take the NWO/Bilderberg nonsense to be global conspiracies. Too bad: If you lie down with dogs, you’ll get up with fleas.

    It was pointless even trying to discuss the points you raised in those posts because most comments made in the threads were completely irrelevant. So I didn’t bother any more after a couple of efforts. It’s an effective way to block constructive debate and prevent relevant information from being shared and gaining circulation.

    I think that’s a pity. For one thing, your points about ‘new social media’ are important, taking the sceptic’s position is quite distinct. Especially when you and Max both use twitter – and I seem to recall you called on others to sign up to it! ;-P

    And for another, this blog is the only one I’ve seen to cover the Honduran coup as a serious event (beyond the most superficial level).

    The only news network I’ve seen follow up on the story with full reports and background research/interviews is Al Jazeera, unsurprising given that it was the only English language network that actually covered the killing of protesters at the airport to keep Zelaya in exile.

    Espionage, fraudulent securities and foreign exchange reserves

    Hondurans ‘have right to revolt’

    I don’t understand why you refer readers to a BBC account of the story. As you noted about their coverage of protests, it’s heavily propagandised reporting. A reputable agency report with maximum facts/quotes and minimal editorial opinion/analysis embedded in the report would be preferable.

    e.g. in the BBC report you refer to, the protesters shot at the airport by the army have disappeared down Aunty Beebs memory hole (just as Orwell described Big Brother/The Ministry of Truth doing in 1984):

    “Mr Zelaya’s dramatic attempt to fly back to Honduras failed earlier this month when the military blocked the runway at Tegucigalpa airport.”

    Now there has to be a better report of Zelaya’s words than an abridged BBC version which omits relevant facts and inserts dubious editorial views. Agence France Press (AFP) often put the other agencies to shame for speed and accuracy (they got the details of the death at the G8/City protest first with quotes from the emergency services). Al Jazeera offered by far the most immediate and accurate English language coverage of events at the time, so why direct readers to the BBC which didn’t even appear to have a real team there on the ground?

  3. Max fomenting dissent in Ireland, oh I see, that was what all that shouting Bobby Sands repeatedly at the top of your head in a strange voice that sounded more like Gerry Lewis than Gerry Adams was about. Right I understand now, let me just don my balaclava grab me shilleleagh and semtex, and I’ll have a crack at 3rd Para.

  4. @Stacy,…..OK, approx six yrs!!

  5. Ingvend Storrs

    @stacyherbert

    Good gods! Really? Go figure.

  6. Stacy–

    You are going to tell me the Fake Ayatollahs are a real band and not just Max doing karaoke??

    Hit the youtube link. Omid Malekan did the ultimate parody of the Band’s classic “The Weight” to visuals of the financial crisis.

    http://www.youtube.com/watch?v=712kRqri2No

    Story on the original lyrics:
    http://en.wikipedia.org/wiki/The_Weight

    I kid you not, Greenspan IS Crazy Chester.

    I am sure back in junior high school, Max and TurboTax Timmy used to listen to it on Timmy’s turntable less than a mile from Max’s house.

    Remember, Don Kirshner taught us you don’t really need a band… just some songs from the writers at the Brill building, some session musicians, a couple of voice overs, a couple of teen mag spreads, a little BS on tv and viola…

    You have the Monkees and the Archies…

    It is/was professional karaoke. Only Kirshner had more integrity than Wall Street…

  7. @Dedo – I was hoping you would know the difference?

    @problemis – do you have a sample of some of the music of Goldman and the Rubinites? Sounds interesting . . .

  8. If the RMB appreciates considerably, the newly loaned money, will be used to buy the West. As admitted to me, by a Chinese Government official, they are looking to about seven times appreciation… i.e. parity to the USD. To do this, they need to loan enough money into existence so that they can technically buy the west. Something to remember, is that Chinese banking is VERY different from Western banking. Their banks deliberately take hits all the time and they don’t flinch.

    With regard to Canada being a big beneficiary of Chinese investment… I can only say… I told the SS Rudd very clearly that they either go along with the Chinese and do what they want… or be abandoned.

    Myself, I’m thinking of moving to the USA to take advantage of the free labour.

  9. Max/Stacey, Check this out…. a quadrillion dollar credit card bill.

    http://www.nbcdfw.com/around_town/shopping/Wow-Quadrillion-Dollar-Credit-Card-Bill.html?yhp=1

    Maybe it wasn’t a glitch….. maybe they used this guys credit card account as a temporary SIV for all of their toxic junk on their balance sheet. Was Wachovia getting audited that day or something and needed to make their balance sheet of accounts receivable look pretty for 12 hours?

  10. Here is the hit single from Goldman and the Rubinites.

    “Take a Load Off Fannie”

    This one was written by “Crazy Chester” Greenspan…

    http://www.youtube.com/watch?v=712kRqri2No

  11. Free workers? Sounds like Hollywood. Work for $0 in the mail room in the vain hope of moving up.

  12. They’re… There…

    Wow, too much head banging…

  13. Mad Max,

    I have a new band for you to manage. They are better than the Fake Ayatollahs.

    Goldman and the Rubinites. There a grunge band…

  14. snoop diddy

    @stacy,
    and calling Obama a Muslim just because he has a diverse upbringing gets on my nerves too. Just pointless fearmongering rhetoric based in hate and closed minds. There are a million other reasons to disagree with Obama lol. Can’t believe some of the change he was talking about is giving the Fed total power. Hopefully Ron Paul’s Bill will blow it wide open and they’ll see some positive change.

  15. Youri Carma

    “Green” Global Government Agenda Becoming More Evident: Daniel Taylor | Rothschild Bank Vice-Ch.. http://bit.ly/XiOcb

  16. Here’s a taster,…
    “In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill.”
    - Club of Rome, The First Global Revolution

  17. That better BOSS!

  18. @Dedo – your link doesn’t work.

  19. And last but not least,….here’s some quotes from some non-scientists !!http://www.peopleforwesternheritage.com/PFWHRMAdditionalQuotes.htm

  20. Youri Carma

    @Scott from Oregon

    Yep, that’s how it should be. Here some real scientist.

    More recent data shows that in the opposite sense to IPCC predictions world temperatures have not risen and indeed have fallen over the past 10 years while CO2 levels have risen dramatically. http://tinyurl.com/nulxhe

    http://tinyurl.com/nulxhe

  21. @Sharon .. Gamma rays and black holes

    By coincidence, my little son sent me this link …
    … sign of the times, he’s only upstairs !
    ;-)
    http://www.nasa.gov/vision/universe/watchtheskies/double_burst.html

    Discusses Gamma rays and Black Holes.
    .
    .
    .
    Another one of the links he sent with very beautiful pictures and music :
    Journey Through Our Universe…
    http://www.youtube.com/watch?v=MKLhpuoql1w&feature=related

  22. Re: Climate Change

    http://www.realclimate.org/

    A site run by scientists who debate climate change using science.

    Which is as it should be….

  23. @Stacy,….I’m intrigued,….what is the difference between Bernanke and King,…I’ve looked everywhere !

  24. Here we go…
    The talking heads on BNN discuss High-Frequency Trading…
    A good primer for those that have been living in the Russian Tin-cans for the last 105 days (and getting paid $21000 for it)

    http://watch.bnn.ca/clip193943#clip193943

    Actually, I have to say BNN has been getting more into the dirty side of the markets lately, but they are still deluded on a lot of things…

  25. Youri Carma

    @Stacyherbert I agree we should stick to the subjects which I try as much as possible but sometimes you get carried away by spin-off subjects. Sorry for that.

    One vulcano outburst will produce far more CO2 than we will ever produce since the industrial revolution so what are we talking about here? They can’t even predict the weather 3 days ahead. We just don’t know enough of this very complex weather sytem. Mars icecaps where melting too before 2005 and who drives around on Mars, space Nazis? In October 2008 it snowed on Mars reported by Dutch NRC = msm. A journalist from what used to be the most liberal Dutch magazines Vrij Nederland was fired over is CO2 scepticism. People are payed off to spread this CO2 lie we know that for sure now. If these sunspots don’t come back fully we have an other small ice age say scientist.

  26. Sharon: 2012 video discussion worth checking.

    http://www.consciousmedianetwork.com/members/cpage2.htm

  27. @Stacy…………………”Anyway, again, I prefer conversations and debates about bankers, banks, markets, finance, Treasury, Fed, currencies. This notion that everything is a hoax can provide endless links to some other guy’s argument and there are loads of sites that cater to each side.”

    Come on Stacy, we all talk about other things as well (that’s life). You and Max often raise other topics which as it should be. I, for one, love this site – I visit many and this is one of my favourites, why? Because the people who come on here, and obviously yourself and Max included, are very intelligent, witty, knowledgable, people. It is a joy to communicate with people like that. Is it so bad to veer off now and again, given that we’re all doing anyway whilst fully expecting the main topics to be about finance (as is our want). I would suggest that what most people like about you and Max is that you keep it human and figure in life’s events at the same time.
    Sorry if I’ve spoken out of turn.

  28. Nice reference to Dickens Stacy, ” It was the best of times and it was the worst of times”.

  29. @Stacy … ” Catherine Austin Fitts said all investors should withdraw entirely from the US market as it was too corrupt;”

    What a coincidence ..
    … Richard Bookstaber said the same in his book … a Demon of our own Design . He mentioned that retail investors should trade ONLY Indices as with single stocks they have no chance.

  30. Wow
    they’re talking about the details of “black-box” trading on BNN right now…

    I’ll post a link later (if they have a truncated one, otherwise, it’ll be a link to the whole show)

  31. Stacy – These days, I don’t think I could hoard whiskey for barter. The news keeps getting worse . . . and creepier. In other words, if I were hoarding it, I’d be drinking an awful lot of it too. I’d probably end up in some kind of an accident or another, and then they’d have to throw me in debtors prison when I couldn’t afford my ambulance/emergency bill!

  32. @Phil – good one; in our Death of the Dollar 2 film, Catherine Austin Fitts said all investors should withdraw entirely from the US market as it was too corrupt; she would have saved anyone following her advice a whole lot of fraud loss.

  33. @Phil – No!!! I like your stuff. I’m just saying if we are going to have massive debates, I’d rather have one about Goldman Sachs’ program trading or one about the difference between Ben Bernanke and Mervyn King . . . etc.

  34. LOL

    The link with Chicago protesters was todays funniest (while tragic), the sign with the following says it all to me!

    WHY PAY TAXES WHEN THEY CAN JUST PRINT MONEY!

    Epic LOL (epic tragedy)

    http://www.fourwinds10.com/siterun_data/peace_freedom/patriots_and_protesters/news.php?q=1247249620

  35. @Mep – I’m sure Max will find an analogy for the flesh eating robot soldier thingy . . . you used to only be able to make this stuff up. Now it’s all real. Got your whisky, gold and sugar?

  36. @Stacy … ” Anyway, again, I prefer conversations and debates about bankers, banks, markets, finance, Treasury, Fed, currencies ”

    Was that a jab at me .. and my OT posts ?
    I feel guilty of course.
    OTOH, I always thought my posts* were somehow related.
    ( * 2012 etc. )

  37. @alister – hmmm . . . good question; why do you ask? I think they trade far more with Japan, Hong Kong, China, etc. than with Europe.

  38. @Mike2liverpool – we studied the Little Ice Age. We studied the mammoth ice ages as well. It doesn’t disprove the existence of greenhouse gas effect which, again, you can easily recreate in your back yard.

  39. whats the france-singapore trade flow like.. anyone familiar?

  40. Mike/Liverpool

    Stacy
    They used to make Wine on the Scottish isles in the !2 th Centry, not too many Ford Mustangs about then me thinks.

    Did you study the “Little Iceage”?
    Mike

  41. Everyone is entitled to their own opinion, of course, but, frankly, I don’t get the Obama is not American stuff and I don’t get the there is no such thing as being able to change the environment – ie climate change. Humans and animals have changed their environments throughout history; what is different today is we have pumped a lot of carbon dioxide and methane into the atmosphere through everything from burning coal to driving cars to raising lots of cows while also removing a great deal of the earth’s ability to absorb the carbon dioxide. It’s not rocket science. I studied this a little bit in the very late 80′s / early 90′s at UCLA. At that time we didn’t have all the heatwaves of the 90′s and noughties, but the science was pretty convincing. Sure sun spots and solar flares play an effect but it’s silly to think just because a group of bankers hope to capitalize on an unfortunate situation that it doesn’t exist. I mean, for example, cancer exists. Heart attacks exist. Diseases exist. And many doctors, researchers, pharmaceutical giants, etc make money from these things. So does the fact that many are profiting from the diseases mean that they don’t exist? Yes, they make up diseases I know I know, but there is lots of science you can perform in a high school laboratory that will demonstrate how climate change can occur.

    Anyway, again, I prefer conversations and debates about bankers, banks, markets, finance, Treasury, Fed, currencies. This notion that everything is a hoax can provide endless links to some other guy’s argument and there are loads of sites that cater to each side.

  42. France loves big goverment,highest taxes,endless regulation and high level corruption by European standards.
    Sounds like Max lives under the fear of the French goverment.

  43. @Phil TnX copied the prime number stuff. Good to know you are into this number stuff cause I got a question for you which I will make in a post on PPForum later about a Freemason temple in my neighbourhood wit numbers on the floor. if there is somebody who could figure this out it would be you. Send link later. Here the temple whit numbers on the floor (cn’t see here) http://tinyurl.com/kmkkbc

  44. Goldman now seems to be trying to plug the debt hole by charging random customers..

    http://news.bbc.co.uk/2/hi/americas/8152278.stm

  45. chalcedonite

    Dr. North suggested:
    If you live in California…and you have a chance to buy California’s IOUs on Ebay at a discount take the opportunity and use them to pay your taxes – at a discount.

  46. Foreign banks to become IRS spies using Qualified Intermediary program?
    http://www.internationalliving.com/Internal-Components/Further-Resources/foreign-banks-spy

    FWIW

  47. @DJIA going to 10K ?

    I posted yesterday that they’ll use the INTC Earnings to pump the markets today … UP 250 pts so far – crazy.

    Does anyone here have a RT ticker … strangely, on my RT ticker, GLD ( the ETF : GLD ) seems to have stopped dead at 14:00 !
    Maybe it’s just OptionXpress .. don’t know !

  48. Mike/Liverpool

    Danny
    Not so sure, we know the Comex is getting raided, they are struggling to find REAL Gold………….i think they have to let it slip.

    Dan
    Was thinking this myself.
    Mike

  49. Did inflation begin today?

  50. @Youri … ” Nassim Haramein ”

    I think I’m going to like this guy …
    … especially as Maths is my big thing.

    There are 2 good books out there you might like to read :
    The Divine Proportion ( H.E. Huntley …. 2.50$ )
    The Surprise Attack in Mathematical Problems ( L.A. Graham … 2.00$)
    Yes, those are the prices I paid … can you say “inflation!
    ;-)

    Did you know that plants grow shoots based on a prime number series for example ?

    BTW…
    On prime numbers … I discovered something very interesting about Prime Numbers when I was 16 ( apart from Euler’s equation … epsilon to the power of “i” “pie” = -1 ). I keep on wanting to publish on the internet for the purpose of “claim to fame ” .. .but can never be bothered.

    Here it is ( you are all my witnesses ) …

    Take any Prime Number “P” and calculate the reciprocal (i.e. 1 divided by P ).

    You will find that the decimal digits following the decimal point will repeat themelves as a 9 compliment after (P-1)/2 digits ad infinitum.

    Examples :
    1/17 = 0.058823529411764705882352941176471

    (17-1)/2 = 8
    Take the first 8 digits : 05882352
    Then subtract each from 9 as follows :
    9-0 = 9
    9-5 = 4
    9-8 = 1
    9-8 = 1
    9-2 = 7
    9-3 = 6
    9-5 = 4
    9-2 = 7

    The first series as shown above : 05882352
    The calculated second series : 94117647
    The final result : 0.0588235294117647 0588235294117647 0588235294117647
    etc. etc.
    Works for any prime !

    ;-)

  51. http://www.nytimes.com/2009/07/16/world/asia/16china.html?hp a story from china , a communication gap that degenerated into a melee in a local toy factory between two ethnic factions..

  52. @ Phil,
    I appreciate the extra info. Gosh, isn’t it exciting?!
    Re: the gov doing as it please with no regard to the law; as you say, they’re probably aware of what’s coming up and that maybe one of the reasons they are keen to get us under as much control as possible before it happens (eg. Martial law/police state).
    So it sounds like, from what you’re saying, that many will start to see the bigger picture and be able to practice critical thinking – bloody long overdue if you ask me. And you mention some will see the change as good and others will see it as bad, I assume this is because some will be used to seeing the bigger picture anyway and for others it will be too much to take in. In other words they will want to hold on to their little world view where basically ignorance is bliss. My but we live in interesting times.

  53. @Sharon … ” 2012 ”
    Forgot to mention that the scientist said we can expect more seismic events ( earthquakes, volcanoes , tsunamis etc. ) and stronger winds up to ca. 300 mph at the peak…. on the way to 21.12.2012 and a for few years later .

  54. Watch that gold rise

    Come on baby, daddy needs a future!!!!

    (I think it’ll “abruptly” stop round 990 again – manipulation? never)

    Who’s in line for On the Edge over the next couple of weeks? Mish Shedlock was on Alex JOnes yesterday and was quite good. How many more people can we get on that agree the whole economy is a fraud. I’d love to here Professor Michel Chossudovsky (Amerca’s Fiscal Collapse: http://globalresearch.ca/index.php?context=va&aid=12517) or maybe Mike Whitney/ William Engdahl

  55. @WW HAZARD MAP
    http://hisz.rsoe.hu/alertmap/index2.php

    @ZERO HEDGE
    These Are The People Who Do Not Want The Fed’s Veil Lifted
    http://zerohedge.blogspot.com/2009/07/these-are-people-who-do-not-want-feds.html

  56. @ Mother Earth – Very sad. I followed a link from that article to this one:

    http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspondent/7873187.stm

    from February of this year. The last part of the article got me.
    ——————————————————————–

    “Would the murders of Anastasia and Stanislav ever be solved?” I asked him.

    “There is a very small chance,” he said, “just a few percent.”

    “Why?”

    “In these sorts of cases an order may come down from above not to investigate,” he said.

    “Why would they do that?” He looked at me as if I was a bit stupid.

    “Because,” he said, “that might reveal the whole chain of people, right up to the one who ordered it.”

    The impression that emerges is of a modern oligarchy.

    One where the divisions between the state and private business have disappeared, where the security services are for hire and everybody has his price.

    It is not a neo-Soviet state. There is no grand conspiracy. But that does not make it any less dangerous for those who stand in its way.

    ———————————————————–
    Is the entire world taking this turn? The people of the world need to come together to figure out how to deal with this threat, ’cause there’s no way that our corrupt governments are going to stop killing their own people or stand up to other corrupt and murderous governments–unless there’s something in it for them financially. I imagine that it won’t be long before Blackwater/Xe becomes the US’s Basij.

  57. Mep: Insect control.
    It is real. Since the money has gone out of telecom R&D researchers have been casting around for what to do with their efforts.

    Only DARPA (DoD) funding is left after all the .com .tel .bank carnage. Micro transmitters neurally linked into insect brains to control behavour. I did masters work on related stuff in 1999 to following insects. We had EPA funding for environmental studies at the time. I guess things have devolved since then to more sinister uses.

  58. @Mep

    BP decides to exit the Carbon Hoax http://tinyurl.com/njmpdb
    - The Great Global Warming Swindle; http://tinyurl.com/n2zhol
    - Global Warming Doomsday Called Off; http://tinyurl.com/2t7pxf

  59. @sharon … “Borg-types”

    Well I’ll try to explain , but just a warning : it sounds better in the original German.

    My memory is a bit fuzzy , so I’ll just jot down a few bits and pieces I can remember …

    #1 – he meant collective in the sense that people will start to “think” on a bigger scale , and that the high gamma radiation will literally “excite” the neuro-transmitters in our brains such that we may ( some of us ) reach literally a new “type” of conciousness
    #2 – the change that will come about after 21.12.2012 will be seen by some people as bad and others as good.
    #3 – the period of change will be from 2008 – 2016 with 2012 as the strongest and middle point ( from another source )
    #4 – he specifically mentioned “collective conciousness” saying effectively that our “narrow mindedness” will be expanded whether we like it or not.

    Remember , this is a dry, boring German scientist speaking … rather unusual for this type of guy.
    Germans tend be be very serious and thorough in their work/profession and wouldn’t risk making such statements if they didn’t have solid proof … which I assume he has after researching the effect of radiation on cells for 20 years.
    I’ll keep my eyes open on this … as I find it is very interesting indeed.

    PS:
    Allow me to go COMPLETELY overboard for a moment….
    When you consider all the “coincidence theories” backed by Govt. facts ( recent Bills approved by Congress ) and information from Alex Jones types, and add on the BAREFACED THEFT occuring right now in the US financial world, you have to wonder if these people SIMPLY DON’T CARE about an ordered society in the near future … as if they ( Govt. & it’s Cronies ) know what’s coming and simply are not afraid of “legal accountability” for their actions. i.e. they expect an mini (cosmic) Armagheddon anyway, so why worry about law courts if martial law is on the cards anyway.
    Just a thought !

  60. @Frances – Anti-global warming. A lot of us in the US have taken to referring to global warming as climate change, because millions of Americans don’t get that global warming does not mean that it’s hot all of the time.

  61. @Youri Carma …. ” Nassim Haramein ”

    Thanks !! … 45 x 10 minutes ? … Wow !
    ;-)

    Still, I’ll get started right away.

  62. @ Phil
    Thanks for that. Would you mind just elaborating on the bit where you said:-

    The general consensus was that we will move from being egomaniacs to Borg-types ( collective thinking ).
    I’m not doing the discussion justice …

    I get the egomaniac bit but what do you mean by Borg-types? Collective thinking, ie. we start to think about things in the same way? Anything else?
    I’m really interested in this and, like you, I also believe it’s for real. I was told that there would be an awakening/consiousness but that if people weren’t open to it (awake/not sheeple-like) they woud suffer, ie. those with open minds would feel it like a wave and those with closed minds would feel it like a bus. I also heard that many may suffer nervous breakdowns or heart attacks (from shock? I don’t know). I’d appreciate any other info you have.

  63. @Giuseppe Bagodonutti … ” not Van Halen Belt? / Van Allen Belt?”

    LOL … yes, of course !

  64. Boy, do I wish it was April Fool’s Day today.

    Folks, the Pentagon is working on a robot that can fuel itself with, amongst other things, human corpses.

    http://www.huffingtonpost.com/2009/07/15/military-eatr-contractor_n_233467.html

    Max, I just KNOW there’s a way that you can draw an analogy between this and the markets.

  65. @Phil

    Van Halen Belt?
    not Van Allen Belt?
    ERUPTION!!!!!!! SPANISH FLY!!!!
    THE CRADLE WILL ROCK!!!!

  66. @Phil

    NEW sunspot group maybe harbinger greater solar activity to come http://tinyurl.com/lnzymk

    MUST SEE! Secrets of the Universe Unraveled. Nassim Haramein http://tinyurl.com/ms29tf (Goes to the next clip automatically)

    This guy realy blew my mind and I realy think he is on to this mathematical Unifying theory. He made me rethink these crop circles cause I thought I had it all figured out for fake.

  67. Here’s a friendly reminder. Friday is International Be Nice to a Socialist Day. Hug a socialist. You’ll feel better :) .

  68. Goldman’s hiring? If you take a job there and they get prosecuted, will they pay your attorney fees?

    Also re: The Great Entry Level Job/Car Debate, what about London? The last I heard the average parking meter fee was roughly (US) $2 per minute? Also, the city makes a killing outsourcing everything. Many towing companies will blatantly lie to get their huge fees. And then there’s the Congestion Charge. What if LA or NYC had a congestion charge? Would people pay it? Or would they scream “More f*****g Obama Socialism!”

  69. KIC To Hedge Against Inflation http://tinyurl.com/lhalu6

    China Inflation Concerns Up As Inflows Improve http://tinyurl.com/lfx8uv

  70. @sharon … “#2 the possible mutation of DNA – especially the neuro-transmitters

    On #2 – what do you mean exactly? I’ve heard something similar but didn’t quite get the detail.”

    .
    .
    .
    I posted a 3 part German documentary on 2012.
    It was actually one of the most serious discussions I’ve found so far…. 2 guests, one German scientist and a Mayan expert.
    The German guy ( Dr. de Boes IIRC ) has been doing Research on the effect of radiation on Cells for over 30 years.
    He was drawn to the 2012 thingy simply because it was confirmed by other scientists at German Unis ( also researching 2012 ) that the gamma ray emittance will be at it’s strongest on 21.12.2012.
    The scientist was more concerned with the effect it will have on DNA. He stated that – at the least – our brain’s neuro-transmitters will definitely be effected. The general consensus was that we will move from being egomaniacs to Borg-types ( collective thinking ).
    I’m not doing the discussion justice … just shortening to the meat of what he said.

    The Mayan guy was more concerend about our Sun’s activity, saying the Mayans were “Sun experts” and that the extreme gamma radiation will probably mean the Sun will a enetr new hotter stage – also mentioned that the Sunspots will go crazy !
    FWIW

    PS:
    In another report , it was mentioned that the “seed bank” ( the one that Bill Gates donated to ) recently built in Norway (IIRC) was specially “placed” under the Van Halen Belt to use the strong magnetosphere there as a protection against enormous cosmic radiation.

    My bottom lne on this ….
    This is definitely for real !

  71. Youri Carma

    @TS Gordon You mean, the king of pop is not dead LOL.

  72. @Mother Earth

    That was the initial message I was refering to (dated may 26th). What is the situation now? Where they serious? Did they get the gold yet? Was it there? All of it? No shady deals involved?

    Questions, questions, questions….

  73. frances snoot

    @Mep:
    What is ‘anti-climate change’? Just curious.

  74. @Mep Thanks! Climate scepticism should only be directed at the industry dragging their feet. The counter arguments always boil down to the same GOP talking points anyway..

    @Photoception Maybe you want to volunteer and make some nice images for one of my websites?

    @max (brother) It seems like the number of potential guest is increasing by the day..Is that Meredith hard to get? Are you intersted to have Marc Faber on? Peter Schiff is running for office, I’d like to ask him what laws he would try to change..
    And can we listen to you terrible music somewhere online (I take your version of ‘In constant sorrow’ as a reference)? You tube?

    @M http://tinyurl.com/n6jp65 I googled ‘Dubai Gold London’

  75. Lots of good stuff today.

    Check out WSJ’s “A Tale of Two Bailouts”:

    http://online.wsj.com/article/SB124762129423442667.html

    Everyone is taking jabs–some subtle, some not-so subtle–at Goldman.

  76. @ Mother Earth – I would think by now that very few Max & Stacy readers would be anti-climate change. Everybody is pretty good at following the money, so it’s surprising to me that some choose to close their eyes to the hundreds of millions (likely more) spent by the oil industry to distort empirical data, to lobby politicians, and to defeat any meaningful environmental legislation?

  77. Please all stop being anti climate change. It just doesn’t look very smart..

  78. When Max starts talking about pop music you need to realize this guy has a strange alter-ego. Some of you will remember that stint when he lived in Harlem (with one ‘a’) and he wandered all over the hood claiming to be “soul brother, numero uno.”

    And in keeping with the real point of Bastille Day, let’s not overlook these hidden Parisian gems; Pauline Croze, Mademoselle K, elodieO, Les Rita Mitsouko, et. all…

  79. Youri Carma

    We get duped by the winmill and CO2 propaganda but in reality our real energy sources still are oil and coal. Shell knows this and cancelled their windmill and solar energy projects long ago.

    Instead they are fully concentrating on oil and coal especially in a way to burn the immense stockpiles of coal, still in the ground, as clean as possible and why not?

    “Alliance, a public-private partnership to design, build and operate the world’s first coal-fueled, zero emissions power plant and proceed with the first phase of the project.” FROM: CCS moves forward http://tinyurl.com/nws28c

  80. Alright guys: enough is enough!

    Why am I not able to find any news on Dubai (and others) requesting delivery of their physical from London?

    Anyone??

  81. Youri Carma

    @Phil Remarkable indeed!

    Italie studying ECB gold reserves to guarantee independence of Bank of Italy http://tinyurl.com/mebrm9

    I always regarded the Italian as the most cunning of Europe after all they hold the history of Ponzi and where able to get the Dutch gass very cheap threatening with Communism.

    The Italians are not stupid and clearly are looking for Escape routes.

    Most remarkable fact was that one of the ECB countries which has the most in debts of all wanted to buy GM? What did I miss here?

  82. http://www2.goldmansachs.com/careers/index.html Good news everyone ! , Goldman Sachs are currently hiring ! and are looking for people ” who are proactive ,open minded and looking for a challenge “…….according to Goldman Sachs careers webpage …” .Goldman is an opportunity ,a journey , a passport to new adventures ‘ ….my favourite is the advice from Goldmans managers from’ explore intern toolkit’ link available on their webpage that .. ‘everyone makes mistakes ‘ and they also give the following advice to new want to be interns :: What should an intern do to prove that he/she is capable of becoming a full-time hire?

    Try to step into the role of a full time hire. Demonstrate that you can perform the responsibilities that you want to be hired for.
    Have emotional stamina. It’s a tough job with many ups and downs and longer hours than you’re probably used to.
    Be a sponge.
    Embrace challenges. ‘ end of quote , i like the ‘be a sponge ‘quote best ! they also give their staff practical advice on ‘not drinking too much at gatherings ‘ just because drinks are offered doesn’t mean you have to drink them ‘and ‘to always carry a notebook ‘ BUT be warned the two people who appear on Goldmans recruiting webpage look suspiciously like two people we know , … max and stacey ,co-incidence ?

  83. my interview with Karl Denninger was great. the show airs friday.

  84. I sent a letter to [email protected]
    “pumping” the Keiser…

    Have any of you done this yet?

    I also asked them about the targeting of the 27 year old demographic in Iran (which is the median age, if I remember correctly, of their population)
    I wonder if I’ll get a thought-out response???

  85. @Photoception – and I think NYC is more expensive than LA to live? At least, however, you aren’t forced to buy a money pit like a car which in LA also puts you in the ticket trap – the private companies that run the ticketing service in LA terrorize with their bogus tickets. As soon as it went private in I think it was 1992? Somewhere around there . . . from that day I got bombarded with tickets alleging my wheels were on the white line type thing.

    But yeah, what are we going to do about this ‘free’ meat space dilemma?

  86. Youri Carma

    PROTESTS IN DOWNTOWN CHICAGO ~ NOT on the Controlled News Media ! http://tinyurl.com/knpnnv

  87. Good podcast on Bloomberg re free internet content as opposed to free carbon-based bipeds:

    Wired Editor Anderson Sees Internet Shift to Free Plus Premium
    July 13 (Bloomberg)

    Chris Anderson, editor-in-chief of Wired magazine, talks with Bloomberg’s Tom Keene about his book, “Free: The Future of a Radical Price,” the internet shift to the so-called “freemium,” or free plus premium, and the challenges facing traditional media.

    approx 30 minutes

    Download

  88. Its not just Hollywood where you have to start working for free. NYC too. For example, I’m a photographer and its the same deal. The ONLY entry level jobs are internships, but I have student loan debt to pay. I also have no money for film, lights, etc.

    Theres no way to raise capital for the common man, which is a bit of a problem…

  89. Mike2liverpool – the description of the slideshow directly under that article is priceless.

  90. @ sharon – LOL! I hope not.

  91. @ mep…………….Came across some tent city news earlier. Apparently, some stim. money is going to be used to move tent dwellers into private apartments.

    Don’t you mean ‘private fema camps’?

  92. Mike2liverpool

    http://www.cnbc.com/id/31917947
    French to BLOW another factory!
    Mike

  93. Youri Carma

    Comex Deception: Comex Quietly Defaulting ?? US and Canadian Mint Suspend Delivery !! (Vid) http://tinyurl.com/koaqdc

    Adrian Douglas has now discovered that the comex has been settling gold contracts with paper ETF’s instead of real physical gold http://tinyurl.com/klqtoh

  94. snoop diddy

    there was actually a big quake in the Pacific off Australia a few days before the Boxing Day tsunami but the plates moved sideways instead of up and down.

    The real fear is a volcano blowing up in Hawaii and the islands falling into the ocean. They reckon something like that has happened before and caused 100m tidal waves on the East Coast of Australia and no doubt elsewhere. I put my floaties next to the bed just in case lol

  95. Well, whaddya know . . . the Department of Justice has antitrust investigators looking into derivatives:

    http://dealbook.blogs.nytimes.com/2009/07/15/derivatives-are-focus-of-antitrust-investigators/

  96. snoop diddy

    @YouriCarma,
    thanks, yep, the other name for tsunamis being tidal waves.
    The footage from that tsunami a few years ago was pretty hard to watch, Just wishing the people would run away as fast as they can but some actually went to have a look what was happening as the tide went out before the tidal surge came back.
    It will be interesting to see if there’s another earthquake near Asia in the coming days. Might just be coincidence from a small sample but Ive sometimes noticed one near NZ and then another one nearer to Asia.

  97. Youri Carma

    @snoop diddy

    If you are on open sea you won’t even notice a Tsunami wave cause the sea could be lifted only an inch. But this inch is a complete water column going into the deep. When this distorted water column wave reaches the coast it will rise up in the shallow waters to enourmous hights and it’s energy becomes clear. A normal wave is only on the surface – A Tsunami wave goes deep.

  98. Keep up the good work!

    LOL “Adopt an american”

  99. @mini us

    Imho gold (not the ETFs etc.) is not so much a financial thing as simply a tradable good. Gold is a commodity (supposedly tangible and unfungable). It has as much value as people want to give it, but its trackrecord as such spans millenia as opposed to decennia for fiat currencies. I think the current situation proofs that humans aren’t to be trusted with the latter..

  100. Oh yeah.
    That Tsunami was just Goldman Sachs trying to make money out of a natural disaster without it actually happening.
    They’re just testing the water……D’oh!
    Sorry.

  101. snoop diddy

    http://www.reuters.com/article/worldNews/idUSTRE56E2P120090715

    New Zealand quake tsunami warnings cancelled
    Wed Jul 15, 2009 8:36am EDT
    Email | Print | Share| Reprints | Single Page[-] Text [+] WELLINGTON/SYDNEY (Reuters) – New Zealand and Australia canceled tsunami warnings on Wednesday after an earthquake struck the south of New Zealand, causing minor damage but no injuries.
    Australia’s weather bureau said a small tsunami had been recorded in New Zealand and another was detected in the Tasman Sea heading toward Australia’s southeast coast.

    “Our deep ocean buoy in the southern Tasman Sea indicates a wave traveling across the Tasman. Because of the depth of the water we can not tell the wave height,” Chris Ryan, from Australia’s Tsunami Warning Center, told Reuters.

    Australia’s Bureau of Meteorology issued a statement advising people in low lying coastal areas to move to higher ground and for people to get out of the water.

    Australia canceled its tsunami warning after an hour, downgrading the threat to a “small boat alert.” New Zealand also canceled its tsunami warning.

    The Institute of Geological and Nuclear Sciences said the tremor, measuring 6.6 magnitude, struck at 9.22 p.m. (0922 GMT). The government institute said it was centered in the remote and unpopulated Fiordland region, about 150 km (95 miles) north west of the country’s most southern city, Invercargill. It was measured at around five km (three miles) below ground level
    (article continues)

  102. @Mini,………I always remember the ole adage of the band waggon!

  103. Sorry, Mr. Supergeek . . . didn’t mean to bum you out. We have a lot of gated communities, too, but I was shocked to learn that we’ve had cities incorporate so that their tax dollars didn’t get redistributed to poor folks and poor communities. They’re taking “gated community” to a whole new level and actually having corporations build entire new cities for them, while further impoverishing all of the people who are too poor to live in their cities by sucking out the tax revenues that used to go to those poorer communities. So it’s not even just poor, insecure folks living side-by-side with rich, secure folks. It’s rich folks quarantining themselves while they help set into motion the conditions for a failed state all around them.

    Here’s one:
    http://www.sandyspringsga.org/

  104. Is anyone afraid that gold may soon not have any value whatsoever?
    I have no idea about this but I have seen many articles and videos on Gold in the last 6 months here and many other sites.
    If the folk with gold are so comfortable why is there so much talk about it.
    Is it just gold owners/brokers pushing the gold wheelbarrow?
    Just asking. Doesn’t hurt to be cynical about ANYTHING financial these days

  105. The predictive programming worked then,….: )

  106. snoop diddy

    there was a tsunami warning for NZ and Australia east coast but it has been lifted, apparently there was a 7.8 earthquake somewhere off NZ.

  107. @Dedo

    Ever seen that movie Biodome?
    I like it back in the days (when I was younger)…

  108. Mr Supergeek

    @dedo
    All my favourite dodgy 70′s sci-fi never looked so prophetic Soylent Green/Logans Run/Zardoz…..etc

  109. Re: Orders revoked for soldier challenging prez
    Major victory for Army warrior questioning Obama’s birthplace

    I suggest you take a look at http://www.obamacrimes.com headed by lawyer, Phil Burg. He has currently several court cases pending challenging Obamas right to be president. He’s also on Webster Tarpley’s radio show every week

  110. @ Max & Stacy – The “adopt an American” bit was pretty funny.
    Came across some tent city news earlier. Apparently, some stim. money is going to be used to move tent dwellers into private apartments. Of course, it will be temporary and will most likely victimize these people by giving them a little hope and then kicking out to live in their tents agai after a couple of months.

    http://www.newsday.com/news/politics/wire/sns-ap-us-stimulus-homeless,0,6684071.story

    On free labor, I used to do some of that. I ghost copy-edited tech manuals for my fiance (he got paid), but that side job dried up when George Soros’ private equity firm bought up the small press last summer and screwed everything up. Seems that it’s easy to buy up a lot of profitable small companies, but not so easy to manage them once they’re all rolled up and nobody knows what’s going on anymore.

    I don’t know anybody who is working for free… yet, but I do know some people who have had their work hours cut in half–or worse. A couple months ago, there was a lot of talk about avoiding a “lost decade.” Seems a little funny that we’ve actually lost the equivalent of jobs that were created in the past ten years, but nobody wants to talk about having a lost decade anymore.

  111. @ Phil,
    Can I just ask about one of your previous posts re: sunspots where you posted the following:-

    #1 the strengthening gamma radiation on our sun … expected to increase solar activity
    #2 the possible mutation of DNA – especially the neuro-transmitters

    On #2 – what do you mean exactly? I’ve heard something similar but didn’t quite get the detail.

  112. Gated communities !!,…..is this the future ?
    http://www.unconfirmedsources.com/index.php?itemid=3025

  113. Remember this picture next time you but petrol.

  114. Youri Carma

    “Definitely we’re going to have another crisis coming down” says
    Mobius. Derivatives, Stimulus Money Will Trigger a New Financial Crisis http://tinyurl.com/mgqdyr

  115. Great show.

    Here are a couple of sensible articles by American monetary reform people about what to do with the banks, though they offer different solutions:
    http://www.opednews.com/articles/From-Sunshine-State-to-Sub-by-Ellen-Brown-090713-321.html
    and
    http://www.alternet.org/workplace/141281/how_bad_will_the_economy_get_really%2C_really_bad/?page=1

  116. Mr Supergeek

    @mep
    Please don’t start me off on gated communities..over the last ten years so many have sprung up here in islington, so now this borough has probably the greatest divide in uk between rich and poor…friends have commented to me how the super-rich and the poor manage to live side by side without really ever meeting…gated communities…grrhhhh.

  117. Youri Carma

    First cross-border RMB trade finance transaction conducted in HK: Bank of China (Hong Kong) announced Tuesday th.. http://tinyurl.com/myfnko

  118. @Caroline

    I’m no expert, but there must be an interesting dymamic when the run tries to translate into Comex deliveries.. First Gold will go up, but then as people notice the default it will crash along with the ETFs and investors will go look elsewhere. That liquidation might even drive up the dollar temporarily

    If I was the US government I’d call the bank holliday asap before I’d ran out of warmoney. Any foreign country should repatriate. Sadly Holland keeps only 32 tons of its gold in amsterdam.. We are selling, and the rest is supposed to be in places like Fort Knox :-(

    Our Nout Wellink of the Dutch National Bank thinks the british bankers should have given up all their assets (wealth, pensions etc.) instead of just apologizing in front of the brittisch parlaiment. He also expects inflation in the US.

    The Dutch report with images of the gold.. http://tinyurl.com/mzbbbx

  119. @ Mr Supergeek – Thanks. That piece of news really got under my skin b/c I was up all night finishing the last couple chapters of The Shock Doctrine, and was just finishing up the chapter on the future of the US . . . . basically gated communities for those who still have money to live in them with their private security guards, private health care, private firefighters, private schools etc. and then a different brand of gated community for everyone else.

    Turns out that the insect cyborg program is a Pentagon program.

    See here: http://www.wired.com/dangerroom/2008/03/for-years-now-p/

    and here: http://www.wired.com/dangerroom/2009/06/pentagon-wants-cyborg-insects-to-sniff-wmd-offer-wi-fi/

    Just imagine all of the instability those bugs could whip up in the world! They could probably do the brunt of the work of staging coups. Yikes.

  120. Youri Carma

    Is this about Max? Gang leader charged in scheme to control punk rock http://link.reuters.com/fuf78c

  121. Youri Carma

    @Fibon11235 Fap Turbo Evolution is a brand new forex trading robot that has proven its success by using real money… http://bit.ly/PskC2

  122. @ Phil , as for someone like yourself, like myself from a military family , anything to do with the military ,i am always reminded of this line by auden, a soldiers duty is to ..’to kill those you don’t hate to protect those you don’t love ‘… [ w. h. auden ] seems to sum it up for me. ?

  123. Mr Supergeek

    @mep
    here some stuff on ‘operation acoustic kitty’… I’m now thinking about about british use of gerbils to spot terrorists…gerbils that is so british…pathetic.

    http://www.damninteresting.com/operation-acoustic-kitty

  124. @Phil,……If they can forge a 134 billion dollar treasury bond, I’m sure a birth certificate won’t be any problem!,..; )

  125. @motherearth:
    “US Mint AGAIN Suspends Gold Coin Sales – Is USA Really Out of Gold? ”
    http://prudentinvestor.blogspot.com/2009/07/us-mint-again-suspends-gold-coin-sales.html

  126. Mr Supergeek

    @mep
    I vaguely remember hearing hearing about the ‘cyber-bugs’ before…..sounds like something the devil may have been doing forever …hold on I’ve just gotta swat a spider….reminds me of a story where in the 60′s the c.i.a. fitted a cat with cameras, mics and were able to control which direction the cat took….anyway when the agents in a van (containing all the equipment to monitor the cats transmissions) deposited the cat out of the van it promptly got run over..at a cost of millions.

  127. @M&S .. thanks .. great shw.

  128. Ummm . . . on my local news channel, they do a segment called Tech Bytes where they talk about new technologies. Well, they just mentioned the work being done on creating insect cyborgs. Has anyone heard much about this? Researchers are planting microchips into bugs so they can be used for spying, and presumably, surveillance.

  129. Is this Website serious ? .. at least slightly ?
    ;-)

    BORN IN THE USA?
    Bombshell: Orders revoked for soldier challenging prez
    Major victory for Army warrior questioning Obama’s birthplace
    Posted: July 14, 2009
    9:53 pm Eastern

    Chelsea Schilling and Joe Kovacs
    © 2009 WorldNetDaily

    Dr. Orly Taitz

    A U.S. Army Reserve major from Florida scheduled to report for deployment to Afghanistan within days has had his military orders revoked after arguing he should not be required to serve under a president who has not proven his eligibility for office.

    His attorney, Orly Taitz, confirmed to WND the military has rescinded his impending deployment orders.

    “We won! We won before we even arrived,” she said with excitement. “It means that the military has nothing to show for Obama. It means that the military has directly responded by saying Obama is illegitimate – and they cannot fight it. Therefore, they are revoking the order!”



    http://www.wnd.com/index.php?fa=PAGE.view&pageId=104009

  130. A first for me, but does AUTOMATED ALGORITHMIC TRADING just create “Lock stepping” stock pattern during the Financial Crisis of 2009…anyone? Given the high percentage of these form of trades in the market (70%). You may be able to pin point when this trading started and normal market behaviour stopped?

    If so, then this “Lock stepping” pattern is really just a thumb print identifying AUTOMATED ALGORITHMIC TRADING !!!

    http://www.youtube.com/watch?v=OSBn07ftlV8

    If so it could be significant?

  131. Mr Supergeek

    @maxkeiser.com

    Thanks for the dl/show…looking forward to listening to it……as always thanks for all the hard work.

  132. @Gold Reserve Taxation ?

    Very short article says that the Italian Economy Minister has received the ECB’s finding on Gold Reserve Taxation.
    Studying changes to garantee the BoI’s independance.

    Nothing more said !

    http://www.iii.co.uk/news/?type=afxnews&articleid=7423127&subject=markets&action=article

    Max … what do you think that’s all about ?

  133. Isn’t Gold an awful investment in a deflationary environment?