@Sharon:
Thanks for the link!!!
@Richard@Latitude30N:
Agreed. I am glad we had a African-American president.
Reality is striated, multi-dimensional. The WH is lifting one layer and calling this strata “truth” and labelling the other layers as “extremist danger dogma”. spooky.
@francis snoot: frankly the controversy doesn’t interest me nearly as much as the apparent YES WE CAN…enslave you faster than Bush….mentality that eminates from the WH….we are seeing a shill, and it does not bother me in the least that he is African, or Indonesian or Hawaiin…or that his mother married a man from Kenya who really is mostly Arabic( or a Muslim)….what his handlers are preparing for us is what concerns me….if Bush/Cheney was the idiotic sevant “bad cop” then for certain Obama/Biden are the good cop routine…and that scares me the most….I guess AJ is right it’s a war for your mind….yes mind control is what really worries me…and this WH has the top perpetrators in the mix…
This is how we pinpoint the media hoopla! Perhaps the uproar over future citizenship in US (or whatever the region is called) would be greater than the birther controversy, so the media is mum, or the media is deliberately stirring up division.
At issue is the constitution vs. loosely regulated trade regions *what the elite want. Should be a nasty fight.
The law is HRS 338-17, amendments to statures for public records. Onaka (I spelled his name wrong before) is now above the legal documents as far as verification: if he says it is on file that is enough. The law paves the way for undocumented illegals to become US citizens: all through e-verify. Nicely tied up legally.
Both sides of the media are ignoring the law and so is Gibbs who blithely babbles about the issue going away. Being born in America won’t relate to citizenship after US bankruptcy, IMHO.
@francis snoot: Not certain which “link” you are referring to….Two of my children were born in HI….1976 and 1979….the Bureau of Vital Statistics was very efficient…and yes there is also a Certificate of Live Birth, issued by the hospital, which is different…yet if I recall in those years they sent out a laminated credit card or driver’s license sized version of the birth certificate ( from the health department which records the birth for the state)….Don’t know what they did in the years before they became a state( pre-1959) or when Obama was born.
I too wonder if this “controversy” is an attempt to gain steam for a left/right duality so that the Repubs have an issue to come before the media with( Roland whatever his name is…was really steamed on the Lou Dobbs CNN show that this is a non-issue) …clearly nothing of great importance differs them from the tragedy we call Congress and the Dems point of view…We all know Congress’ ratings are in the low double digits…What really amazed me was that the FED ratings were lower than the IRS…everyone knows and hates the IRS, but very few have a clue who and what the FED is!!!!!!!! Now that is quite an accomplishment.
Listened to Catherine Austin Fitts on the Jeff Rense program…looking forward to her new book on “solutions”…her discussion about using silver/gold coins as a daily means of payment was right on…She is even designing a calculator that will be available as an plugin for a cell phone….which gives the real time calculation for dollars to silver/gold value….
Will Larouche strike a cord?? Will he call for a bank holiday this fall?? the suspense is deafening!!! I’m not an accountant but even I realize that the books ( see USAIOU) are tilted to an unsustainable amount in arrears….With all the tax loopholes designed for the wealthy…and a shrinking middle class…and unemployment and underemployment gaining speed, who do they propose is going to pay the taxes??? The $256 billion in treasury auctions this week if filled is just the beginning of a long series of auctions in that amount yet to come…the gold/silver market manipulation to keep the price below $1000.00 will go on indefinitely as long as they need the cover that funds are not running away from the fiat currency to prevent further dollar devaluation…And as Catherine ( and I might add so have I) said with $14 trillion sloshing about in the banks pumping the various global markets, the appearance that an economy is recovering can be propped up for some time to come…and since that fund probably is financing all the world’s governments and their elections well into the future the appearance that all is well, and there is a loyal opposition( teh forces at play will be those who suggest we “work within the system” to change it versus those who will either call for violence or those who will drop out in a way that C.A.Fitts suggested in last night’s interview), will also give the appearance that the public’s right to vote is intact…even though we have lived through here in the states and as my British friends tell me as well with Gordon Brown that the recent two or three election cycles have been rigged…and with the MSM playing along for the ratings and the advert money …well…life will go on while a seething populous steadily ferments under the surface…and the military and police are steadily preparing for conflict…once more draconion measures will be enforced..it’s inevitable…just look back at both the footage from both Dem and Repub conventions here( 2008) even Goodman was arrested and she wore a convention pass!!
As always, thanks for bravura performances from both Max and his better half. As a state employee, I never could get the logic of investing in your oppressors, which is what our pension funds in New York have done to get their “mandated” high returns. Matt Taibbi has tried to say that the pension funds operators were suckered by the ratings agencies and the money managers, but that’s a crock – you chase high profits, you become corrupt and sleazy, subsidizing the very job-cutting predators you claim to abhor. The problem remains that the supersystem is so stuffed with profit-maximizing incentives at every corner, the only “socially responsible investing” that remains after you de-Google and de-greenwash your filthy investments or filthy pension fund excess is: Nihilism, Inc.
@stacy
did not read CAF’s piece on “depopulation” but maybe they couldn’t at the time create/control the black plague.
things are very different now. when you have time take a look at endgame if you haven’t seen it already. I’d like to know what you think of it.
Viewers comments about the speech are mostly negative, so here’s an attempt to translate the speaker’s Californese:
Fellow Californians,
Our crops flourish, regardless of whether they are grown organically or with pesticides.
Thus, the wisest course is to phase out toxic agrochemicals and replace them with harmless substitutes that control pests and prolong shelf life.
While “food” is essential, we should try to make that “organic food”.
Commercial property rents downtown are strangling small businesses. This district has proved its capacity to be self-sufficient, boasting residents with extraordinary expertise who at this very moment possess adequate stock to meet our needs. We are fully capable of being a community in the real sense of the word, making our own products and selling them in our own stores. After all, we are Californians, we can work it out.
We are rich in natural resources, so can clothe ourselves with our local textiles and set up plants to produce vehicles using minerals from our own mines. We can get the machinery we need for manufacturing. We can have a vibrant community, a viable city, a San Francisco with a future.
The East Coast has no qualms about exploiting slave labor, as testified by its reliance on imports from China. Here on the West Coast, we are anti-slavery and pro-union. That is what we are. Now, an admirable aspect of the Bush Administration is its funding for small business owners, which has obvious implications for those who would be free.
We sometimes forget that food is as natural as trees and shrubs, that we can grow anything our hearts desire. It’s just not that complicated. And when we have more than we can eat, we can preserve any surplus, such as by freezing.
We are people, California is our home. We should be able to grow our own food and not have to depend on outside sources. All we should have to do is pay the farmers. We should not have to pay for the use of our land. Land is free. This is a new land, our home. This is where we live. The land is ours to use. We should not be treated as serfs, forced to pay rent to feudal lords. We should be free to grow our own food on our own land and sell it at the farmers’ market.
@sharon – @Don has made it to Belize! He apparently arrived last week; said he may not be logged back on though for quite awhile . . .
re: CAF’s piece on “depopulation” – - if you look at history of black plague, there is no way the powerful would want that to happen; they lost a huge amount of power and had to share their wealth after the black plague because so many peasants had died that there were too few to help out the aristocracy and also many of the surviving peasants inherited property of their dead siblings
Here we go again.
The heavy activity (GS, etc) drawing pension funds back into the stock markets.
Oh dear.
How long has it been?
I’ve heard of short memories but this is ridiculous.
@Joe – glad you like The West; it’s hard watching some parts of it but gives a load of info about which I had no idea; re: the bison / leader thing . . . they are a lot like elephants which are also matriarchal and follow the matriarch; if the matriarch elephant is injured, all the other females will similarly stop and gather around her
Depopulation? Nothing new here. This shit’s been going on for ages.
Stacy turned me on recently – play on words – to a very cool PBS documentary called “The West”, and I’m currently watching the 5th of the 8 shows in the series. (Thanks Stacy! I love this documentary.)
The topic of episode 5 is the buffalo – or specifically what happened to the buffalo. Beautiful, beautiful animal it was. Extremely successful and plentiful, while it lasted. To make a long story short, the white men ravaged them, slaughtered them and brutally trounced the population down to almost nothing.
Check this out from Wiki:
“Bison were hunted almost to extinction in the 19th century and were reduced to a few hundred by the mid-1880s.”
“The current American Bison population has been growing rapidly and is estimated at 350,000, compared to an estimated 60 to 100 million in the mid-19th century.”
You read that right: 60 to 100 million in the mid-19th century! Most people aren’t aware of just how huge and majestic those herds were.
But they were easily taken out. Apparently all you had to do was just kill the leader of the herd, then simply walk around shooting the rest of the herd who were innocently standing around their leader’s corpse, not knowing what to do.
If we’re not careful, the same thing’s gonna happen to us.
It appears that the reason we don’t hear much about the effects of eating GM foods is that the GM corps forbid–in end-user contracts–research to be conducted on their seeds. I didn’t know they could do that!
Speaking of Karma Bank and Goldman alum. doing about-faces, Max & Stacy, I think there’s someone who should hook up with you. Pretty sure that I posted this before, but here it is again–an exchange between John Talbott (former Goldman ibanker) and Simon Johnson:
Amongst other things, Talbott expresses his desire to begin a chain-letter movement to mobilize millions and attempt some kind of a corporate boycott strategy in which the worst corporate offenders are targeted. Sounds to me like Karma Bank would be the ultimate tool for him. (Although it seems that the banks might need to be left off the worst offender list so that we don’t have to bail them out again!)
Good show, you two. Can’t wait to hear the Goldman-UBS story.
The Calpers folks are delusional……they built a HUGE glass Fortress-like compound on Q St (Sacramento) that took many years to complete and all the while they thought it was a wise investment. Every time I pass it I wonder how they got away with building it in the first place…….they wasted their clients retirement money on a giant Vegas style plant atrium fitted with a few desks.
Great show Max and Stacy……..Keep spreading the truth.
@Richard@Latitude30N:
I was floored by the link! I will definately listen to Mr. Tarpley’s take on things. I feel that the elite are trying to create division through controversy right now in America.
I am not going to take sides on the Obama’s birth certificate controversy, just wondering why the media doesn’t admit that Hawaii is the first state to install e-verify for birth certificates: the registrar’s word now is justified as document and certified copy! http://www.hawaiireporter.com/story.aspx?1809f4dc-b22b-4aaa-a339-f75168f09ee2
“Hawaii was also the first state to enact legislation that allowed verification of birth certificate information in lieu of ordering certified copies of vital records and piloted the Electronic Verification of Vital Event (EVVE) system nationally.”
The issue of “birthers” is a non-issue: legally and forensically, Obama is certified by Anaka, the registrar, period. Why is this legal precedent ignored by both sides of the media?
TnX, did some parliament mailing too but don’t have the idea that it changed somtin but maybe some people red it and will get affected by the knwowledge if things unfold further.
@Youri Carma.
Thanks for that article. Fabbo.
It is perfect for me to send yet another email to both sides of parliament here with some back-up.
I ma just gonna bombard them with this stuff until one of the uni students who reads it may find it in themselves to make a point to someone else, who then in turn may make point to someone else.
thanks max and stacy. Good show as usual. I get the feeling that things will get worse. I keep watching the today show on nbc in the morining with the sound turned off. I never realized how many stupid people there are that visit new york.
A healthy rivalry exists between the Kiwis and the Aussies, neither likes to be mistaken for the other, however their is no real antipathy between the two, except in sport. The leader of the opposition, hear in Australia, is the Australian partner of Golden Sachs trading as Turnbull & Partners Limited of which he is Managing Director. Fortunately for us his polling is in a nosedive. I can find no reference to Kevin Rudd being a Goldman Sachs lackey. Can you link info on this.
Hahahahhahaha
From all that I am readin in Aus and OS it seems that the whole world is just in a big STIMULUS BUBBLE.
So get some of it before it goes away folks.
Do these politicians really believe that pure sugar will feed your child?
Sorry for laughing about it but it IS ridiculous.
@Max,
I thought there are a lot of trading books around but none of them have how the market is manipulated in real time. I reckon you could make a squillion from a book on how the market is manipulated.
Remarkable call for raising interest rates? Is he Tinfoil head Cook probably with Al Qaida?
“It is a question of what they should do and what they will do,” said HSBC’s regional economist Frederic Neumann.
Ideally, central banks should be raising policy rates as well as allowing their currencies to appreciate — to minimize the inflationary impact of the cash chasing those surging assets and to make it more expensive to dabble in markets.
Neumann reckons policy rates ought to rise by as much as 3 to 4 percentage points on average to effectively rein in property and share prices.
Rate rises of that magnitude would draw more money into Asia, pushing up its currencies. And a loss in terms of trade is the last thing the region’s trade-dependent economies want now, when a slump in global demand has already depressed export incomes.
Given the heavy resistance to higher rates or currencies, Neumann says he is ultimately left with “policy makers remaining behind the curve and bubbles blowing larger and larger.”
@ francis snoot: I must be psychic!!! Just listened to the rebraodcast of today’s AJ show w/ Webster Tarpley…and his final words almost mirror mine word for word: that most if not all of us are a sub-human culture in the eyes of the elite ( ‘the useless eaters’)…. and candidates for depopulation….incredible…yes sir connect the dots whether they are far fetched or not!!!!!!!!!!!!
@ Mike/liverpool: Yes dear ol’ Lyndon is at it again this August 1st…or “…it’s just the end of the world as we know it!!!!!!!!” OR
Follow my lead I am the economic savior of our time!!!!
See how the Bloomberg’s FOIA litigation blossomed from $2 tr to $ 23.7 tr ??????????? And now that the cat is out of teh bag, Bernanke is on a road tour defending the FED’s “independence”……almost sounds similar to colonial revolutionary rhetoric in the 21st Century….yes sir…let’s defend the US Constitution and the founding fathers…oh wait the FED was initiated by a stealth Act of Congress just before Xmas 1913…..not by the blood and deeds of righteous men…I could go on…But the Lisbon Treaty in Europe is the next episode of methods of eliminating human rights ( GO IRELAND) and keep an eye on the Brits too…Is Tony Blair in the wings as the next EU President???????? He did such a righteous term of office during the Clinton/Bush years and as the Middle East Peace Envoy…Didn’t Israel nearly totally flatten Gaza during his tenure??????????? Such a good job..How much did that pay???
@ Stacy … Max said ,They moved the entire country closer to Australia … who is they ? the folks conducting the underground nuclear testing caused the tectonic plates to move ?
In July 2009 US President Barack Obama appointed former Monsanto lobbyist and attorney Michael R. Taylor as a senior adviser to the US FDA (Food and Drug Administration).
Monsanto’s man Taylor returns to FDA in food-czar role
“Mr. Taylor is a lawyer who began his revolving door adventures as counsel to FDA. He then moved to King & Spalding, a private-sector law firm representing Monsanto, a leading agricultural biotechnology company. In 1991 he returned to the FDA as Deputy Commissioner for Policy, where he was part of the team that issued the agency’s decidedly industry-friendly policy on food biotechnology and that approved the use of Monsanto’s genetically engineered growth hormone in dairy cows. His questionable role in these decisions led to an investigation by the federal General Accounting Office, which eventually exonerated him of all conflict-of-interest charges. In 1994, Mr. Taylor moved to USDA to become administrator of its Food Safety and Inspection Service … After another stint in private legal practice with King & Spalding, Mr. Taylor again joined Monsanto as Vice President for Public Policy in 1998.”
Going Cashless altogether?
Credit Card fraud and no cash. Good luck with that one.
Soon we will have to take out insurance on our credit cards.
See, I told you I was starting to think like them. Aaaarrgghhh!
Barter is an elastic currency. A veritable swap-shop. I suspect tithes will eventually be demanded on bartered goods but there is still plenty of scope.
Virtual currencies are not really rooted into anything meaningful and require either the ‘suspension of disbelief’ as in Second Life scenarios or some draconian set of rules to make them feasible by the state.
Barter is a default currency in my view, but I am probably not being realistic, a healthy discussion would be greatly appreciated to understand the detail.
more stockholm syndrome.
they are so evil that it’s literally un f-cking believable.
they can do anything, their cover is how over-the-top evil they are. hidden in plain sight.
- anyone notice that Max coupled banksters with royalty in the TAM transmission?
Here’s how one of the big players thinks of his “subjects”:
“I don’t claim to have any special interest in natural history,
but as a boy I was made aware of the annual fluctuations in
the number of game animals and the need to adjust
the cull to the size of the surplus population.”
- Prince Philip,
preface of Down to Earth
@gb, Yes I did and it is disturbing. We have seemingly reached the pinnacle of evil. The kind of evil these monsters represent is far worse than everything put together since the beginning of mankind. The highest crime of all is the denial of existance for this evil. I will be personally be offended by anybody who didn’t see this coming.
Of cause this title “Golden time for nerds” was ment in a cynical way cause there are no golden times for everybody with exception of the crony capitalist like GS. What I tried to express here is that if 70% of the volume of the NYSE is handled by 2% of the firms involved i’ts clear that it’s only a matter of time before 100% is handled by computer trading.
This devolpement can allready be seen by companies offering CONTRA flash trading software to escape the other software trading and this is only the beginning. You don’t have to be a wizard to see were this devolpement is going and software writers (nerds) will be the main force in that devolpement.
@TSGordon: to my namesake!! Yes. the doom and gloom reporters and bloggers are clearly not holding back any punches…the MSM though will continue to obfuscate the airwaves with ‘happy happy joy joy’ type scenarios…those who have tuned into the likes of Max and Stacy and others have the basics down, that all is not well in “Denmark” ( so to speak); and as with other dispensers of opinion behind this grand scheme are the eugenicists!!!!!!!! Thus the many remarks about depopulation. That’s what the digital age has brought: an ability to connect dots…whether they are far flung or not….I for one believe what Daniel Quinn is/was attempting to convey in his books the Story of B and Ishmael… that civilization and culture are not one and the same and that this hyperventilated culture that has usurped the world of the hunter/gatherers by imposing an agronomy culture( now lead by GM foods, Monsanto and others) has been the downfall of all time…the aggressive nature of the waring armies throughout history have brought us to this epochal moment when all of humanity is anxious for the cataclysmic culmination of this type of sociological arrangement ….thus the hording goldies in the audience… who listen with baited breath ( as is mike/liverpool) when the fiat currency finally hits the sh**er….I have no doubt that the 21st Century version of corporate fascism will reverberate like Orwell’s 1984 or Animal Farm…or worse….all one has to do is listen to Alex Jones’ when he goes on a wild rant to find cover with such a scenario…It’s much more civilized to discuss the methods of barter and bullion trade….and so it will IMHO become so…yet much chaos will transpire before that…From my point of view the controllers don’t have all their oars in the water….How else could they demand that we balance our accounts when they are generations in debt!!!!!!!!!!!!!!!
Yes, her report is very depressing .. but it’s only her “own” opinion.
More importantly, the report tells me how hopeless she finds the situation based on her knowledge of the financial oligarthy and US Govt. corruption.
Whether the game plays out the way she envisages remains to be seen. My “small” hope for not going down that path is based on the idea that the “other nations” may not want the game played out that way … i.e. the game called “worldwide financial control”.
OTOH, I admit that Mongo’s experience is much the same as mine in that people are just not interested in “seeing” the whole picture, but more interested in what happens next week or even just the next day.
Some – supposedly “thinking” – people I spoke to about the “mildest” things we sometimes talk about here, just laughed in disbelief.
As I said, I had the pleasure last week of meeting a complete stranger ( Roman Museum Fishbourne ) that would have found many friends ( alike minds ) here by Max & Stacy. …. and even wondered if “culling” the stupid sheep was even actually a deserved end for them… of course not !
OTOH it does frighten me slightly how many sheep there are actually around ( probably some 99% ).
Am i wrong somehow?? But if you put your money into metals to protest the banking system, the fiat you bought it with still exists because the metal ‘seller’ puts it in the bank. Feedback loop?
I find this depopulation talk disturbing. The signs are there yet nobody talks about it. If I would bring it up for discussion on my work or with friends they would laugh, still it all makes sense seeing how everything plays out with the swine flu.
I believe one of the goals of the swine flu vaccine is depopulation. Perhaps it is the goal of a swine flu epidemic as well, whether bio-warfare or hype around a flu season…
The subject of depopulation came up with a doctor friend of mine and he mentioned that human AIDS was recently recognized to be man made ( http://tinyurl.com/mao3m4 ).
Perhaps later we will be able to see biowarfare has been going on in the background for years now.
Can someone explain to me how carbon cap and trade could be misused or securitized for speculation. How would that work? Apparently cap and trade did produce results with acid rain and once emissions were lowered there was no longer trading I’m guessing. In the case of Sulfur emmisions there was a way of reducing it a lot, so I dont think we pay now an ongoing acid rain tax, but for carbon though we are able to reduce it I fear the residual emmisions will come with a tax that unlike acid rain is ever lasting. Any clarifications would be welcomed
I’m listening to the show now and at a little before the 4 minute mark Max proposed that the disgruntled bank customer should put his money in gold to prevent banks from leveraging that cash through fractional reserve loans.
Sounds like a good idea except, the gold seller will park the revenue/money in a bank somewhere. . . right? Doesn’t this defeat the purpose?
My understanding is that in order to destroy banks, all loans should be paid off. Because of the money multiplier effect, this would go a long way toward removing currency from banks.
Shouldn’t that wanna be borrower simply buy his home/property outright?
Money is created via debt. Without debt there is no money.
It’s contradictory to say it isn’t capitalism to bail out GS and then suggest credit card debts and mortgages should have been forgiven. Why not let those people fail too? It is just as sick to save those “baby elephants”. It rewards the wrong people for the wrong behavior. It would make more sense (albeit still little sense) to give that money to the savers so they could enjoy shopping sprees rather than give it to the irresponsible children to pay for their past excesses and start the whole process over again at hyper speeds.
I’d liken it to giving degrees to drop-outs and drug addicts to increase the pool of skilled labor in the economy and give them a second chance. It’s madness.
@ DAN woweeee those fundamentals cool post. Really Cool
@Mike/Liverpool I think we will see that pattern recur soon……..are we there yet lol…Have you seen DANS POST wow what more do you want, blood lol.
Im guessing but me thinks the big boys wont know what do, buy sell, sell buy…. headless chickens. Quack Quack
FOBO
It matters not to me what the shiny stuff does on a day to day basis, but when the reset day or more likely days, O yes I think they can be that sneaky, bang for buck or no bang for buck maximised.
But It dont matter as im just sittn at the back of the bus Snooooorrrrrinngg away. I’m real cosy
I’m kinda bumbed out because my posting did not post. Please see if there may be something wrong as someone else reported similar problem.
Good show. Liked Max’s comments about CALPERS. Texas TRS (Teacher Retirement System) has lost over 35 billion in the last 18 months. Bilderberger puppet Gov. Rick Perry appoints the TRS guys and Brit Harris, chief investment officer, was put in about two years ago. He immediately invested one third of fund in all these hedgy dodgy investment instruments and that was a totally new investment strategy for TRS.
@Ptah, I think you maybe onto something there. Obviously you have to get over the usual problem of people acting collectively but if you could get a website and enough people signing up to it who are willing to hand over a relatively small amount of money then I would say that could become a real force for good.
@Don
I hear you’re thinking of moving to Belize (did I get that right?). I’ve also thought about moving there and wondered if you had any tips, eg. Have you checked out likelihood of flooding? If you buy a property do you actually own it? I hear the people are very nice. Anything you can tell me would be much appreciated.
If I may briefly intrepret that link pertaining to GEAB report in broken French:
Things are clearly worstening in a downward spiral. The writer is evidently assuming lay-offs and corporate losses will construe the greater portion of the financial activities of Europe. The Euro will go to $2.00. (I’ll wager you it’s in $1.70′s by year’s end. I love their negative outlook, as it’s much more realistic than any views we read in the US, aside from Citizen Max’s.)
@ francis snoot: “…que sera sera …whatever will be will be, the future’s not ours to see, que sera, sera…what will be will be…Doris Day( from the 50′s movie: don’t eat the daisies —I think???)
Seriously, HA!!!!! Lyndon has projected for decades that he alone has the solution and he is the solution!!!!!!!!! Whether anyone ( and that would have to be the accountants and auditors in Basel @ the BIS ) is willing to speak up is a matter of contention…trillionaires are eating billionaires and billionaires are eating millionaires and the rest of us are basically a sub-human sub-culture & collective( IMHO)….who are at the mercy of this monolithic one minded class who for decades have hidden the truth from the masses….so who am I to say whether this obvious truth…TOTAL GLOBAL FINANCIAL INSOLVENCY might ever be publicly announced….I once lived on Molokai ( 1979-80) and while my neighbor and I drove the 19 miles to town ( Kaunakakai) in his 1949 Dodge flathead truck. he asked whether the government would ever announce the depression when it was taking place…..I have never doubted that they would be silent..You have to investigate for yourself…the system, IMHO, has been insolvent for two or more years now….it’s a slow burn to allow the rats to find a safe harbor….take care….
GOLD falling my opinion, I really don’t give a dame, it never changes the weight and just look at those improving fundamentals on which it floats, I will wait months or years if needed. Those fundamentals wow Im never going to see fundamentals like that again wow wowwwwweeeeeee
Mike be cool , I dont give advice but your welcome to just sit at the back of the bus and wait for the RESET with the rest of us lol and maybe a little more lol not to greedy but greedy enough. I believe the market is very impatient, unlike me, I may never sell get that !lol
I think gold goes down when the bank wants to buy more at the sellers long term expense lol
But I think its the end of finance as we know it anyway. Technology etc has moved on. They wont recover from this. The world is changing fast and were in revolution. No I don’t mean flags banners, peace, violence or bricks. I mean technological paradigm shift. Its just an opinion lol ! Its also very positive too
Any banksters read any of this Sh*t I have two words to make you shudder with fear….. LONG TERM,, LONG TERM get it !!!!!
@Warren:
I would term what Keen describes as justice, not revolution, but as we exist in a quasi-fascist state then perhaps it is revolutionary. The point that the banking system is still insolvent is a good one.
Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds – - CFO.com
So clearly these are the 5 financial firms that are in control of the next two or three generations while they maneuvor to unwind the muti hundred trillion dollar amount of derivatives they have on their books; and the other 22 companies as well….
yes, that is all very well and good, but where do you draw the line between ‘synthetic’ and organic? how? according to what or who? or is every case simply “obvious”? i think the idea has merit, of course, but viewing anything in a monolithic fashion is in my opinion unwise and very susceptible to intellectual decay
That private debt does not deserve respect. It was irresponsibly lent in the first place, and the financial institutions that lent it should pay the price–not the public nor the public purse–via deliberate debt reduction. This of course would bankrupt those financial institutions, but as should be obvious from the US experience, these institutions are effectively bankrupt already.
This idea is revolutionary. It means that loans on speculation, where the banks are guilty of engineering the speculation, don’t deserve to be repaid.
Max, you make a very interesting analogy about organic vs synthetic regulation. I totally agree.
In an forest all the carbon and nutrients are continually recycled by fungi, which break down dead matter and make it freely available to the ecosytem. That is true free market capitalism, whereby carbon is capital.
As you know, our capitalist system does NOT distribute capital freely, in fact it centralizes capital by extracting it from society.
Today I’m looking for things to cheer myself up. Too much doom and gloom can wear us all down, no matter how true it is. Here’s another distraction for y’all. Don’t worry all our problems are over.
@Youri,….. Re: Golden time for nerds,..bit of a daft article considering trading is a zero sum game ! (Unless like Max has stated, you’re playing with funny money)eg; Derivatives etc.
It got me thinking about something. If companies are going to use legal muscle to shut-up people who exercise a right to free speech via twitter, especially for complaining about poor service, then maybe a useful web site would be one where people could pledge cash to help fight such stupid cases.
If such a resource existed, it might make certain institutions think twice before attacking people, thus for a micro-payment, everyone might share a big reward, and a kick-back just a little.
Glad I did. Made about 20 %. over 2 years on my investment, while the house I used to own has dropped in value hahaha.
Now, if only , the suppression would end. Any ideas Max ?
Anyway, cheers for making us that much more financially literate down here, keep it up.
Kev`s team gave everyone AU $ 900.00 not so long ago.
People should have bought an ounce of bullion but alas, it was spent on TV`s and stuff ,and 75% ( approx ) of the ‘stimulas’ went back to his mates in China.
Oh well , got to pay the masters somehow I suppose.
Tell the people.
Little Tommy said , hey theres a fricken elephant.
Teacher said, excuse me, what did you say ?
The book says a fricken elephant.
Don`t use that language in the classroom Tommy.
But look , said Tommy , and sure enough , the book said under the picture , AFRICAN ELEPHANT.
Peter Schiff, fun guy as he is, seems to believe that Americans have been blowing too much borrowed fiat money on granite kitchen tops.
This lady shows up the spook-sponsored “sexual revolution” for what it was, yet another trap. Apologies if most of the mk followers have already seen this:
http://msn.careerbuilder.com/Article/MSN-1946-Interviewing-You-Said-What/?SiteId=cbmsnhp41946&sc_extcmp=JS_1946_home>1=23000 i suppose not really very funny in the current economic circumstances for people,but even so ,i guess we wish we had all used some of these lines at some time ? as it would have saved us a lot of trouble ? ] perhaps the person not getting the home loan in NZ is luckier than he thought ? who would want to buy a house at this late stage of ‘the cycle’ ? as for my last employer , [ a prestigious cultural institution, which i shall not name] i wish i had enough money so i could purchase a large white anonymous looking van and fill it full of monkeys and gorillas, i would back it up to the front doors and let the monkeys and gorillas rampage through the building until there was nothing left intact ,naturally having so much money , i would offer to pick up the tab.
Later this researcher figured out about the terror drills, heavily suppressed for a couple of years. Eventually his research began throwing light on tv fakery, but that’s still taboo.
darn, I just wrote a long post, and pressed submit and it redirected to some music site, hopefully it’s only happening at my end?
Anyway, the post said something along the lines of good point @Max about organic systems, and included another diatribe about Rudd kowtowing to Obama and using it as an excuse to follow suit in centralising/pyramidding the problems instead of creating more organic systems. And great show thanks Max and Stacy
Great information and discussion guys.
I love it when ‘Schving Schving’ talks fecal
It makes it so everyone can understand, hahahahahha.
And it gives me a laugh.
@Stacy,
Turnbull, the Australian opposition leader is the Former Goldman Sachs boy. Rudd is just a cheerleader for the inflationistas because it makes him feel popular.
Quite frankly, Rudd doesnt know what he is he just becomes whatever his homeboys in UK and US want him to be.
Hey,
I am not saying that this is the situation, however….
It is possible that Roger Griffiths, the NZ artist is registered as a company. That way he can pay himself as little as possible, lets say $NZ15,000 per year. People do this to avoid paying tax. Then if you say you earn, or in fact earn, $NZ15,000/year then you cannot expect ANY bank to lend you much money. They loan depending on your ability to repay that loan, or are supposed to.
I know a few people that have done this and when they went to get a loan, they found out it wasn’t such a great idea.
So pay your freakin taxes if you wanna play in the world!
If you don’t wanna pay your taxes then don’t expect and sympathy from me.
Like I said, I don’t know if this is the case or not, but I highly suspect it may be the case.
Kevin Rudd ain’t Goldman Stacy! His Vulture in opposition, Turnbull is.
@Sharon:
Thanks for the link!!!
@Richard@Latitude30N:
Agreed. I am glad we had a African-American president.
Reality is striated, multi-dimensional. The WH is lifting one layer and calling this strata “truth” and labelling the other layers as “extremist danger dogma”. spooky.
@francis snoot: frankly the controversy doesn’t interest me nearly as much as the apparent YES WE CAN…enslave you faster than Bush….mentality that eminates from the WH….we are seeing a shill, and it does not bother me in the least that he is African, or Indonesian or Hawaiin…or that his mother married a man from Kenya who really is mostly Arabic( or a Muslim)….what his handlers are preparing for us is what concerns me….if Bush/Cheney was the idiotic sevant “bad cop” then for certain Obama/Biden are the good cop routine…and that scares me the most….I guess AJ is right it’s a war for your mind….yes mind control is what really worries me…and this WH has the top perpetrators in the mix…
@frances snoot……..re: Onaka – I loooked this up and found:-
http://niketalk.yuku.com/topic/193296/t/They-never-taught-this-in-school-vol-history-lesson.html
Very interesting.
Richard@Latitude30N:
Here’s the link to the new law:
http://www.capitol.hawaii.gov/site1/hrs/searchhrs.asp?query=HRS+338&currpage=1
http://www.capitol.hawaii.gov/hrscurrent/Vol06_Ch0321-0344/HRS0338/HRS_0338-0013.htm
This is how we pinpoint the media hoopla! Perhaps the uproar over future citizenship in US (or whatever the region is called) would be greater than the birther controversy, so the media is mum, or the media is deliberately stirring up division.
At issue is the constitution vs. loosely regulated trade regions *what the elite want. Should be a nasty fight.
@Richard@Latitude30N:
The law is HRS 338-17, amendments to statures for public records. Onaka (I spelled his name wrong before) is now above the legal documents as far as verification: if he says it is on file that is enough. The law paves the way for undocumented illegals to become US citizens: all through e-verify. Nicely tied up legally.
Both sides of the media are ignoring the law and so is Gibbs who blithely babbles about the issue going away. Being born in America won’t relate to citizenship after US bankruptcy, IMHO.
@francis snoot: Not certain which “link” you are referring to….Two of my children were born in HI….1976 and 1979….the Bureau of Vital Statistics was very efficient…and yes there is also a Certificate of Live Birth, issued by the hospital, which is different…yet if I recall in those years they sent out a laminated credit card or driver’s license sized version of the birth certificate ( from the health department which records the birth for the state)….Don’t know what they did in the years before they became a state( pre-1959) or when Obama was born.
I too wonder if this “controversy” is an attempt to gain steam for a left/right duality so that the Repubs have an issue to come before the media with( Roland whatever his name is…was really steamed on the Lou Dobbs CNN show that this is a non-issue) …clearly nothing of great importance differs them from the tragedy we call Congress and the Dems point of view…We all know Congress’ ratings are in the low double digits…What really amazed me was that the FED ratings were lower than the IRS…everyone knows and hates the IRS, but very few have a clue who and what the FED is!!!!!!!! Now that is quite an accomplishment.
Listened to Catherine Austin Fitts on the Jeff Rense program…looking forward to her new book on “solutions”…her discussion about using silver/gold coins as a daily means of payment was right on…She is even designing a calculator that will be available as an plugin for a cell phone….which gives the real time calculation for dollars to silver/gold value….
Will Larouche strike a cord?? Will he call for a bank holiday this fall?? the suspense is deafening!!! I’m not an accountant but even I realize that the books ( see USAIOU) are tilted to an unsustainable amount in arrears….With all the tax loopholes designed for the wealthy…and a shrinking middle class…and unemployment and underemployment gaining speed, who do they propose is going to pay the taxes??? The $256 billion in treasury auctions this week if filled is just the beginning of a long series of auctions in that amount yet to come…the gold/silver market manipulation to keep the price below $1000.00 will go on indefinitely as long as they need the cover that funds are not running away from the fiat currency to prevent further dollar devaluation…And as Catherine ( and I might add so have I) said with $14 trillion sloshing about in the banks pumping the various global markets, the appearance that an economy is recovering can be propped up for some time to come…and since that fund probably is financing all the world’s governments and their elections well into the future the appearance that all is well, and there is a loyal opposition( teh forces at play will be those who suggest we “work within the system” to change it versus those who will either call for violence or those who will drop out in a way that C.A.Fitts suggested in last night’s interview), will also give the appearance that the public’s right to vote is intact…even though we have lived through here in the states and as my British friends tell me as well with Gordon Brown that the recent two or three election cycles have been rigged…and with the MSM playing along for the ratings and the advert money …well…life will go on while a seething populous steadily ferments under the surface…and the military and police are steadily preparing for conflict…once more draconion measures will be enforced..it’s inevitable…just look back at both the footage from both Dem and Repub conventions here( 2008) even Goodman was arrested and she wore a convention pass!!
As always, thanks for bravura performances from both Max and his better half. As a state employee, I never could get the logic of investing in your oppressors, which is what our pension funds in New York have done to get their “mandated” high returns. Matt Taibbi has tried to say that the pension funds operators were suckered by the ratings agencies and the money managers, but that’s a crock – you chase high profits, you become corrupt and sleazy, subsidizing the very job-cutting predators you claim to abhor. The problem remains that the supersystem is so stuffed with profit-maximizing incentives at every corner, the only “socially responsible investing” that remains after you de-Google and de-greenwash your filthy investments or filthy pension fund excess is: Nihilism, Inc.
@stacy
did not read CAF’s piece on “depopulation” but maybe they couldn’t at the time create/control the black plague.
things are very different now. when you have time take a look at endgame if you haven’t seen it already. I’d like to know what you think of it.
@All
Speaking of something difficult to watch, but well worth it.
anyone seen the film endgame?
subject; Eugenics
http://video.google.com/videoplay?docid=1070329053600562261
or on you tube
http://www.youtube.com/watch?v=jM6US0Qk5_8&feature=fvw
@ Mother Earth
This clip is a good one. Python again.
Imagine the Swine Flu Era and listen for the very last line in the clip.
http://www.youtube.com/watch?v=grbSQ6O6kbs
In the end it all comes down to the fact that ‘Fecal Matters’
Sorry Max, you started it man.
@ Nic Abbott
Thanks for the stirring video:
Brilliant Woman Solves All of California’s Problems
http://www.youtube.com/watch?v=Yxe_kwc8klw&feature=PlayList&p=6AA37F766A6C4768&playnext=1&playnext_from=PL&index=51
Viewers comments about the speech are mostly negative, so here’s an attempt to translate the speaker’s Californese:
Fellow Californians,
Our crops flourish, regardless of whether they are grown organically or with pesticides.
Thus, the wisest course is to phase out toxic agrochemicals and replace them with harmless substitutes that control pests and prolong shelf life.
While “food” is essential, we should try to make that “organic food”.
Commercial property rents downtown are strangling small businesses. This district has proved its capacity to be self-sufficient, boasting residents with extraordinary expertise who at this very moment possess adequate stock to meet our needs. We are fully capable of being a community in the real sense of the word, making our own products and selling them in our own stores. After all, we are Californians, we can work it out.
We are rich in natural resources, so can clothe ourselves with our local textiles and set up plants to produce vehicles using minerals from our own mines. We can get the machinery we need for manufacturing. We can have a vibrant community, a viable city, a San Francisco with a future.
The East Coast has no qualms about exploiting slave labor, as testified by its reliance on imports from China. Here on the West Coast, we are anti-slavery and pro-union. That is what we are. Now, an admirable aspect of the Bush Administration is its funding for small business owners, which has obvious implications for those who would be free.
We sometimes forget that food is as natural as trees and shrubs, that we can grow anything our hearts desire. It’s just not that complicated. And when we have more than we can eat, we can preserve any surplus, such as by freezing.
We are people, California is our home. We should be able to grow our own food and not have to depend on outside sources. All we should have to do is pay the farmers. We should not have to pay for the use of our land. Land is free. This is a new land, our home. This is where we live. The land is ours to use. We should not be treated as serfs, forced to pay rent to feudal lords. We should be free to grow our own food on our own land and sell it at the farmers’ market.
@sharon – @Don has made it to Belize! He apparently arrived last week; said he may not be logged back on though for quite awhile . . .
re: CAF’s piece on “depopulation” – - if you look at history of black plague, there is no way the powerful would want that to happen; they lost a huge amount of power and had to share their wealth after the black plague because so many peasants had died that there were too few to help out the aristocracy and also many of the surviving peasants inherited property of their dead siblings
Here we go again.
The heavy activity (GS, etc) drawing pension funds back into the stock markets.
Oh dear.
How long has it been?
I’ve heard of short memories but this is ridiculous.
http://business.smh.com.au/business/cashing-in-on-the-share-market-rally-20090730-e2nm.html
@Joe – glad you like The West; it’s hard watching some parts of it but gives a load of info about which I had no idea; re: the bison / leader thing . . . they are a lot like elephants which are also matriarchal and follow the matriarch; if the matriarch elephant is injured, all the other females will similarly stop and gather around her
@Max and Stacy
Better not pretend you are doing a podcast, as that technology is now patented.. http://tinyurl.com/p5o2l8
I’m going to patent farting, is there prior art ?
Also in line with the fecal matter discussion, maybe some people will benefit from a fecal matter transplant.. http://www.youtube.com/watch?v=SSkb8HNImzc
Interesting statistic. Nothern english people have twice as much fecal matter on their hands as southern enlish people..
http://www.youtube.com/watch?v=5tLx3bnfYF8
Depopulation? Nothing new here. This shit’s been going on for ages.
Stacy turned me on recently – play on words – to a very cool PBS documentary called “The West”, and I’m currently watching the 5th of the 8 shows in the series. (Thanks Stacy! I love this documentary.)
The topic of episode 5 is the buffalo – or specifically what happened to the buffalo. Beautiful, beautiful animal it was. Extremely successful and plentiful, while it lasted. To make a long story short, the white men ravaged them, slaughtered them and brutally trounced the population down to almost nothing.
Check this out from Wiki:
“Bison were hunted almost to extinction in the 19th century and were reduced to a few hundred by the mid-1880s.”
“The current American Bison population has been growing rapidly and is estimated at 350,000, compared to an estimated 60 to 100 million in the mid-19th century.”
You read that right: 60 to 100 million in the mid-19th century! Most people aren’t aware of just how huge and majestic those herds were.
But they were easily taken out. Apparently all you had to do was just kill the leader of the herd, then simply walk around shooting the rest of the herd who were innocently standing around their leader’s corpse, not knowing what to do.
If we’re not careful, the same thing’s gonna happen to us.
This one is for the GMO haters out there:
http://www.globalresearch.ca/index.php?context=va&aid=14570
It appears that the reason we don’t hear much about the effects of eating GM foods is that the GM corps forbid–in end-user contracts–research to be conducted on their seeds. I didn’t know they could do that!
@Youri Carma
Hhahahahahahhaha
Loved the ‘Inflatable Housing Sector’
Thats going to the Minister for Silly Walks(Jhn Cleese – Monty Python)
@Youri Carma
Sorry, The New Zealanders hate the way we abbreviate here. Ha!
OS=Overseas,
Fabbo=Fabulous=Fabuloso,
Aus=Australie=Australia. Yes, correct.
I will endevour to anunciate betterer next time Hehehehhehe.
Betterer=More Better (but thats not english)
Ciao.
http://icanhastarp.com/
I can has tarp?
Here it is…….
http://www.calpers.ca.gov/index.jsp?bc=/about/hq-expansion/new-photos.xml
@BF Skinner
Between 3rd and 5th Street….you can’t miss it.
Speaking of Karma Bank and Goldman alum. doing about-faces, Max & Stacy, I think there’s someone who should hook up with you. Pretty sure that I posted this before, but here it is again–an exchange between John Talbott (former Goldman ibanker) and Simon Johnson:
http://www.salon.com/opinion/feature/2009/07/24/economic_crisis_part_three/index.html
Amongst other things, Talbott expresses his desire to begin a chain-letter movement to mobilize millions and attempt some kind of a corporate boycott strategy in which the worst corporate offenders are targeted. Sounds to me like Karma Bank would be the ultimate tool for him. (Although it seems that the banks might need to be left off the worst offender list so that we don’t have to bail them out again!)
Good show, you two. Can’t wait to hear the Goldman-UBS story.
@SacramentoJoe: Where at on Q st.?
Pure excess……
The Calpers folks are delusional……they built a HUGE glass Fortress-like compound on Q St (Sacramento) that took many years to complete and all the while they thought it was a wise investment. Every time I pass it I wonder how they got away with building it in the first place…….they wasted their clients retirement money on a giant Vegas style plant atrium fitted with a few desks.
Great show Max and Stacy……..Keep spreading the truth.
Joe
Bernankes Inflatable Housing Market
http://www.east-inflatables.com.au/
German Consumer Prices Post First Annual Decline in 22 Years http://tinyurl.com/kuv8tv
Obama: The Perfect View
http://stopsocialism.files.wordpress.com/2009/05/obama-jail.jpg
@Richard@Latitude30N:
I was floored by the link! I will definately listen to Mr. Tarpley’s take on things. I feel that the elite are trying to create division through controversy right now in America.
I am not going to take sides on the Obama’s birth certificate controversy, just wondering why the media doesn’t admit that Hawaii is the first state to install e-verify for birth certificates: the registrar’s word now is justified as document and certified copy!
http://www.hawaiireporter.com/story.aspx?1809f4dc-b22b-4aaa-a339-f75168f09ee2
“Hawaii was also the first state to enact legislation that allowed verification of birth certificate information in lieu of ordering certified copies of vital records and piloted the Electronic Verification of Vital Event (EVVE) system nationally.”
The issue of “birthers” is a non-issue: legally and forensically, Obama is certified by Anaka, the registrar, period. Why is this legal precedent ignored by both sides of the media?
FACTBOX: U.S. works to expand CFTC role, commodities oversight http://tinyurl.com/nt7thc
Max,
Thanks for your condolence on the loss of my money over at calpers.
At least with the furloughs they will be getting 10 to 15 percent less to
flush down the toilet
@Mini US
TnX, did some parliament mailing too but don’t have the idea that it changed somtin but maybe some people red it and will get affected by the knwowledge if things unfold further.
China’s export powerhouse suffers jobs blow http://bit.ly/CyjUS
Just wondering what is “OS” and”Fabbo” and I quess “Aus” is Australie?
@Youri Carma.
Thanks for that article. Fabbo.
It is perfect for me to send yet another email to both sides of parliament here with some back-up.
I ma just gonna bombard them with this stuff until one of the uni students who reads it may find it in themselves to make a point to someone else, who then in turn may make point to someone else.
thanks max and stacy. Good show as usual. I get the feeling that things will get worse. I keep watching the today show on nbc in the morining with the sound turned off. I never realized how many stupid people there are that visit new york.
@Mini US
It are Bubbely times indeed.
Is a new bubble being formed? http://tinyurl.com/mvvfa8
A healthy rivalry exists between the Kiwis and the Aussies, neither likes to be mistaken for the other, however their is no real antipathy between the two, except in sport. The leader of the opposition, hear in Australia, is the Australian partner of Golden Sachs trading as Turnbull & Partners Limited of which he is Managing Director. Fortunately for us his polling is in a nosedive. I can find no reference to Kevin Rudd being a Goldman Sachs lackey. Can you link info on this.
Hahahahhahaha
From all that I am readin in Aus and OS it seems that the whole world is just in a big STIMULUS BUBBLE.
So get some of it before it goes away folks.
Do these politicians really believe that pure sugar will feed your child?
Sorry for laughing about it but it IS ridiculous.
@Max,
I thought there are a lot of trading books around but none of them have how the market is manipulated in real time. I reckon you could make a squillion from a book on how the market is manipulated.
@Mini US
Could very well be. Bob Chapman said that all the Chinese know they learned from us.
Hidden from sight, debt creeps up on China
http://tinyurl.com/kumqt6
Hyperinflation Will begin In China And It Will Destroy The Dollar http://tinyurl.com/mgs62b
Are we giving China to much credit for being clever just because they can save?
Maybe they are just as stupid as the American regulators.
http://au.pfinance.yahoo.com/b/julia-lee/133/warning-china-is-going-crazy
Remarkable call for raising interest rates? Is he Tinfoil head Cook probably with Al Qaida?
“It is a question of what they should do and what they will do,” said HSBC’s regional economist Frederic Neumann.
Ideally, central banks should be raising policy rates as well as allowing their currencies to appreciate — to minimize the inflationary impact of the cash chasing those surging assets and to make it more expensive to dabble in markets.
Neumann reckons policy rates ought to rise by as much as 3 to 4 percentage points on average to effectively rein in property and share prices.
Rate rises of that magnitude would draw more money into Asia, pushing up its currencies. And a loss in terms of trade is the last thing the region’s trade-dependent economies want now, when a slump in global demand has already depressed export incomes.
Given the heavy resistance to higher rates or currencies, Neumann says he is ultimately left with “policy makers remaining behind the curve and bubbles blowing larger and larger.”
Bubbly markets are OK while Asia waits on exports http://tinyurl.com/ll7vx5
From the Guardian: Not under our backyard, say Germans, in blow to CO2 plans http://bit.ly/yEIoz
Lawmaker urges regulations for file-sharing http://link.reuters.com/sas59c
@ francis snoot: I must be psychic!!! Just listened to the rebraodcast of today’s AJ show w/ Webster Tarpley…and his final words almost mirror mine word for word: that most if not all of us are a sub-human culture in the eyes of the elite ( ‘the useless eaters’)…. and candidates for depopulation….incredible…yes sir connect the dots whether they are far fetched or not!!!!!!!!!!!!
@ Mike/liverpool: Yes dear ol’ Lyndon is at it again this August 1st…or “…it’s just the end of the world as we know it!!!!!!!!” OR
Follow my lead I am the economic savior of our time!!!!
See how the Bloomberg’s FOIA litigation blossomed from $2 tr to $ 23.7 tr ??????????? And now that the cat is out of teh bag, Bernanke is on a road tour defending the FED’s “independence”……almost sounds similar to colonial revolutionary rhetoric in the 21st Century….yes sir…let’s defend the US Constitution and the founding fathers…oh wait the FED was initiated by a stealth Act of Congress just before Xmas 1913…..not by the blood and deeds of righteous men…I could go on…But the Lisbon Treaty in Europe is the next episode of methods of eliminating human rights ( GO IRELAND) and keep an eye on the Brits too…Is Tony Blair in the wings as the next EU President???????? He did such a righteous term of office during the Clinton/Bush years and as the Middle East Peace Envoy…Didn’t Israel nearly totally flatten Gaza during his tenure??????????? Such a good job..How much did that pay???
@ Stacy … Max said ,They moved the entire country closer to Australia … who is they ? the folks conducting the underground nuclear testing caused the tectonic plates to move ?
[british] Shopaholic found dead under pile of clothes: inquest
http://www.smh.com.au/world/shopaholic-found-dead-under-pile-of-clothes-inquest-20090730-e1w9.html
http://www.youtube.com/watch?v=k51xRkwblFw
“Equal Protection Clause”???????????
Not for goldman Sachs!!!
Ron Paul– Remember “Animal Farm!”.
“Everybody is equal. Some people are just more equal!”
RE: Australian and NZ rivalry.
The common perception seems to be
Australia has a superiority complex
and NZ have a chip on their shoulder.
Cricket’s day of infamy:
Most disgraceful moment in the history of cricket
http://www.youtube.com/watch?v=K65_spUU05s
The British Royal mint is on fire right now, i wonder if:-
Come Oct they withdraw bank notes & FORCE a Cashless system in its place.
Mike
http://www.larouchepac.com/lpactv?nid=11138
Its coming in Oct!
I wonder what they do?
Mike
In July 2009 US President Barack Obama appointed former Monsanto lobbyist and attorney Michael R. Taylor as a senior adviser to the US FDA (Food and Drug Administration).
http://www.spinprofiles.org/index.php/Michael_Taylor
Monsanto’s man Taylor returns to FDA in food-czar role
“Mr. Taylor is a lawyer who began his revolving door adventures as counsel to FDA. He then moved to King & Spalding, a private-sector law firm representing Monsanto, a leading agricultural biotechnology company. In 1991 he returned to the FDA as Deputy Commissioner for Policy, where he was part of the team that issued the agency’s decidedly industry-friendly policy on food biotechnology and that approved the use of Monsanto’s genetically engineered growth hormone in dairy cows. His questionable role in these decisions led to an investigation by the federal General Accounting Office, which eventually exonerated him of all conflict-of-interest charges. In 1994, Mr. Taylor moved to USDA to become administrator of its Food Safety and Inspection Service … After another stint in private legal practice with King & Spalding, Mr. Taylor again joined Monsanto as Vice President for Public Policy in 1998.”
http://www.grist.org/article/2009-07-08-monsanto-FDA-taylor/
Going Cashless altogether?
Credit Card fraud and no cash. Good luck with that one.
Soon we will have to take out insurance on our credit cards.
See, I told you I was starting to think like them. Aaaarrgghhh!
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNt0DeWbjq00
Also,
China removes one child policy…
They ain’t depopulating.
http://www.news.com.au/story/0,27574,25829481-401,00.html
Richard@lattitude30N: Yes exactly… Barter… totally agree.
Barter is an elastic currency. A veritable swap-shop. I suspect tithes will eventually be demanded on bartered goods but there is still plenty of scope.
Virtual currencies are not really rooted into anything meaningful and require either the ‘suspension of disbelief’ as in Second Life scenarios or some draconian set of rules to make them feasible by the state.
Barter is a default currency in my view, but I am probably not being realistic, a healthy discussion would be greatly appreciated to understand the detail.
@mongo, All
more stockholm syndrome.
they are so evil that it’s literally un f-cking believable.
they can do anything, their cover is how over-the-top evil they are. hidden in plain sight.
- anyone notice that Max coupled banksters with royalty in the TAM transmission?
Here’s how one of the big players thinks of his “subjects”:
“I don’t claim to have any special interest in natural history,
but as a boy I was made aware of the annual fluctuations in
the number of game animals and the need to adjust
the cull to the size of the surplus population.”
- Prince Philip,
preface of Down to Earth
A brief history of eugenics, a serious must-read
http://www.infowars.com/the-population-reduction-agenda-for-dummies/
@gb, Yes I did and it is disturbing. We have seemingly reached the pinnacle of evil. The kind of evil these monsters represent is far worse than everything put together since the beginning of mankind. The highest crime of all is the denial of existance for this evil. I will be personally be offended by anybody who didn’t see this coming.
@Dedo
Of cause this title “Golden time for nerds” was ment in a cynical way cause there are no golden times for everybody with exception of the crony capitalist like GS. What I tried to express here is that if 70% of the volume of the NYSE is handled by 2% of the firms involved i’ts clear that it’s only a matter of time before 100% is handled by computer trading.
This devolpement can allready be seen by companies offering CONTRA flash trading software to escape the other software trading and this is only the beginning. You don’t have to be a wizard to see were this devolpement is going and software writers (nerds) will be the main force in that devolpement.
Phil, Mongo, All
did you guys read the article Fitts linked to?
Sir James Goldsmith on Corporate Agriculture
http://solari.com/blog/?p=3385
holy shit!
@TSGordon: to my namesake!! Yes. the doom and gloom reporters and bloggers are clearly not holding back any punches…the MSM though will continue to obfuscate the airwaves with ‘happy happy joy joy’ type scenarios…those who have tuned into the likes of Max and Stacy and others have the basics down, that all is not well in “Denmark” ( so to speak); and as with other dispensers of opinion behind this grand scheme are the eugenicists!!!!!!!! Thus the many remarks about depopulation. That’s what the digital age has brought: an ability to connect dots…whether they are far flung or not….I for one believe what Daniel Quinn is/was attempting to convey in his books the Story of B and Ishmael… that civilization and culture are not one and the same and that this hyperventilated culture that has usurped the world of the hunter/gatherers by imposing an agronomy culture( now lead by GM foods, Monsanto and others) has been the downfall of all time…the aggressive nature of the waring armies throughout history have brought us to this epochal moment when all of humanity is anxious for the cataclysmic culmination of this type of sociological arrangement ….thus the hording goldies in the audience… who listen with baited breath ( as is mike/liverpool) when the fiat currency finally hits the sh**er….I have no doubt that the 21st Century version of corporate fascism will reverberate like Orwell’s 1984 or Animal Farm…or worse….all one has to do is listen to Alex Jones’ when he goes on a wild rant to find cover with such a scenario…It’s much more civilized to discuss the methods of barter and bullion trade….and so it will IMHO become so…yet much chaos will transpire before that…From my point of view the controllers don’t have all their oars in the water….How else could they demand that we balance our accounts when they are generations in debt!!!!!!!!!!!!!!!
Wow, check this out. All about the dark pool
http://www.zerohedge.com/article/letter-senator-charles-schumer-ban-goldmans-sigma-x-dark-pool
@gb … “Depopulation”
@mongo
Yes, her report is very depressing .. but it’s only her “own” opinion.
More importantly, the report tells me how hopeless she finds the situation based on her knowledge of the financial oligarthy and US Govt. corruption.
Whether the game plays out the way she envisages remains to be seen. My “small” hope for not going down that path is based on the idea that the “other nations” may not want the game played out that way … i.e. the game called “worldwide financial control”.
OTOH, I admit that Mongo’s experience is much the same as mine in that people are just not interested in “seeing” the whole picture, but more interested in what happens next week or even just the next day.
Some – supposedly “thinking” – people I spoke to about the “mildest” things we sometimes talk about here, just laughed in disbelief.
As I said, I had the pleasure last week of meeting a complete stranger ( Roman Museum Fishbourne ) that would have found many friends ( alike minds ) here by Max & Stacy. …. and even wondered if “culling” the stupid sheep was even actually a deserved end for them… of course not !
OTOH it does frighten me slightly how many sheep there are actually around ( probably some 99% ).
Am i wrong somehow?? But if you put your money into metals to protest the banking system, the fiat you bought it with still exists because the metal ‘seller’ puts it in the bank. Feedback loop?
I like how ppl are playing with the name, e.g. Goldman Sucks, ect.
My favorite from this article at http://theautomaticearth.blogspot.com/
“Gold-in-Sacks”
I find this depopulation talk disturbing. The signs are there yet nobody talks about it. If I would bring it up for discussion on my work or with friends they would laugh, still it all makes sense seeing how everything plays out with the swine flu.
CATHERINE AUSTIN FITTS BLOG July 22
Swine Flu: What I Believe
I believe one of the goals of the swine flu vaccine is depopulation. Perhaps it is the goal of a swine flu epidemic as well, whether bio-warfare or hype around a flu season…
http://solari.com/blog/?p=3532
@ alister
Organic systems are based on biochemical processes and regulated by the laws of physics etc.
Synthetic systems such as modern capitalism are subject to change, manipulation and are no longer kept in check by real things like gold.
In nature you can’t create something from nothing. This is not true for finance.
The subject of depopulation came up with a doctor friend of mine and he mentioned that human AIDS was recently recognized to be man made ( http://tinyurl.com/mao3m4 ).
Perhaps later we will be able to see biowarfare has been going on in the background for years now.
Can someone explain to me how carbon cap and trade could be misused or securitized for speculation. How would that work? Apparently cap and trade did produce results with acid rain and once emissions were lowered there was no longer trading I’m guessing. In the case of Sulfur emmisions there was a way of reducing it a lot, so I dont think we pay now an ongoing acid rain tax, but for carbon though we are able to reduce it I fear the residual emmisions will come with a tax that unlike acid rain is ever lasting. Any clarifications would be welcomed
Max & Stacy,
Thanks for mentioning Calpers, of which I am a reluctant member. This gave me the impetus to update my still-crude website:
http://toxiccalpers.org
I’m listening to the show now and at a little before the 4 minute mark Max proposed that the disgruntled bank customer should put his money in gold to prevent banks from leveraging that cash through fractional reserve loans.
Sounds like a good idea except, the gold seller will park the revenue/money in a bank somewhere. . . right? Doesn’t this defeat the purpose?
My understanding is that in order to destroy banks, all loans should be paid off. Because of the money multiplier effect, this would go a long way toward removing currency from banks.
Shouldn’t that wanna be borrower simply buy his home/property outright?
Money is created via debt. Without debt there is no money.
Ok, back to the show.
It’s contradictory to say it isn’t capitalism to bail out GS and then suggest credit card debts and mortgages should have been forgiven. Why not let those people fail too? It is just as sick to save those “baby elephants”. It rewards the wrong people for the wrong behavior. It would make more sense (albeit still little sense) to give that money to the savers so they could enjoy shopping sprees rather than give it to the irresponsible children to pay for their past excesses and start the whole process over again at hyper speeds.
I’d liken it to giving degrees to drop-outs and drug addicts to increase the pool of skilled labor in the economy and give them a second chance. It’s madness.
@Max give me a nudge when we arrive lol
@ DAN woweeee those fundamentals cool post. Really Cool
@Mike/Liverpool I think we will see that pattern recur soon……..are we there yet lol…Have you seen DANS POST wow what more do you want, blood lol.
Im guessing but me thinks the big boys wont know what do, buy sell, sell buy…. headless chickens. Quack Quack
FOBO
It matters not to me what the shiny stuff does on a day to day basis, but when the reset day or more likely days, O yes I think they can be that sneaky, bang for buck or no bang for buck maximised.
But It dont matter as im just sittn at the back of the bus Snooooorrrrrinngg away. I’m real cosy
http://news.yahoo.com/s/ap/20090729/ap_on_re_us/us_medicare_fraud
NOW THAT THESE AGENTS HAVE SOME FREE TIME…
I’m kinda bumbed out because my posting did not post. Please see if there may be something wrong as someone else reported similar problem.
Good show. Liked Max’s comments about CALPERS. Texas TRS (Teacher Retirement System) has lost over 35 billion in the last 18 months. Bilderberger puppet Gov. Rick Perry appoints the TRS guys and Brit Harris, chief investment officer, was put in about two years ago. He immediately invested one third of fund in all these hedgy dodgy investment instruments and that was a totally new investment strategy for TRS.
I am seriously displeased.
@Ptah, I think you maybe onto something there. Obviously you have to get over the usual problem of people acting collectively but if you could get a website and enough people signing up to it who are willing to hand over a relatively small amount of money then I would say that could become a real force for good.
@Don
I hear you’re thinking of moving to Belize (did I get that right?). I’ve also thought about moving there and wondered if you had any tips, eg. Have you checked out likelihood of flooding? If you buy a property do you actually own it? I hear the people are very nice. Anything you can tell me would be much appreciated.
Fibon
Just feel that if it broke $1000 then it would start to go some, it would seem Goldman sacs want that.
Mike
5.4 million unemployed in the UK.
‘Atsa lotta limeys…
http://order-order.com/2009/07/17/5-4-million-unemployed-17-3-or-1-in-6/
@Dan;
Yeah, baby! –At this rate I’ll peg the Euro at $2.90, by next weekend!!!
@richard..
If I may briefly intrepret that link pertaining to GEAB report in broken French:
Things are clearly worstening in a downward spiral. The writer is evidently assuming lay-offs and corporate losses will construe the greater portion of the financial activities of Europe. The Euro will go to $2.00. (I’ll wager you it’s in $1.70′s by year’s end. I love their negative outlook, as it’s much more realistic than any views we read in the US, aside from Citizen Max’s.)
Have you guys checked the Price to Earnings ratio of the S&P 500…. currently at 723…. wtf!?
http://www.chartoftheday.com/20090515.htm
http://news.goldseek.com/TrendInvestor/1248787086.php
@ francis snoot: “…que sera sera …whatever will be will be, the future’s not ours to see, que sera, sera…what will be will be…Doris Day( from the 50′s movie: don’t eat the daisies —I think???)
Seriously, HA!!!!! Lyndon has projected for decades that he alone has the solution and he is the solution!!!!!!!!! Whether anyone ( and that would have to be the accountants and auditors in Basel @ the BIS ) is willing to speak up is a matter of contention…trillionaires are eating billionaires and billionaires are eating millionaires and the rest of us are basically a sub-human sub-culture & collective( IMHO)….who are at the mercy of this monolithic one minded class who for decades have hidden the truth from the masses….so who am I to say whether this obvious truth…TOTAL GLOBAL FINANCIAL INSOLVENCY might ever be publicly announced….I once lived on Molokai ( 1979-80) and while my neighbor and I drove the 19 miles to town ( Kaunakakai) in his 1949 Dodge flathead truck. he asked whether the government would ever announce the depression when it was taking place…..I have never doubted that they would be silent..You have to investigate for yourself…the system, IMHO, has been insolvent for two or more years now….it’s a slow burn to allow the rats to find a safe harbor….take care….
SEC to curtail abusive short sales…to nurture green shoots…and prevent them from dying
http://www.sec.gov/news/press/2009/2009-172.htm
@Richard@Latitude30N:
Do you think LaRouch is right? His forecast is exceedingly grim. Guess it matches up with GEAB:
http://news.kontentkonsult.com/2009/07/news-kontent-scoops-geab-36-leap-2020.html
@ Max some of us know how to protest.
@Mike2liverpool are you the same as Mike/Liverpool? RELAX Read FOFO
http://fofoa.blogspot.com/2009/07/bondage-or-freegold.html
That will help you start to get your head round it?
GOLD falling my opinion, I really don’t give a dame, it never changes the weight and just look at those improving fundamentals on which it floats, I will wait months or years if needed. Those fundamentals wow Im never going to see fundamentals like that again wow wowwwwweeeeeee
Mike be cool , I dont give advice but your welcome to just sit at the back of the bus and wait for the RESET with the rest of us lol and maybe a little more lol not to greedy but greedy enough. I believe the market is very impatient, unlike me, I may never sell get that !lol
I think gold goes down when the bank wants to buy more at the sellers long term expense lol
But I think its the end of finance as we know it anyway. Technology etc has moved on. They wont recover from this. The world is changing fast and were in revolution. No I don’t mean flags banners, peace, violence or bricks. I mean technological paradigm shift. Its just an opinion lol ! Its also very positive too
Any banksters read any of this Sh*t I have two words to make you shudder with fear….. LONG TERM,, LONG TERM get it !!!!!
More invigored passion from LaRouche!!!
Great link Richard@Latitude30N
(*Stacy: I tried to post at Huffington but there was a snafu with my screenname and password not matching. sorry!)
@Warren:
I would term what Keen describes as justice, not revolution, but as we exist in a quasi-fascist state then perhaps it is revolutionary. The point that the banking system is still insolvent is a good one.
LaRouche Demands Bankruptcy Reorganization Now | LaRouchePAC
http://www.larouchepac.com/node/11173
He’s getting very irate!!!!!!!!!!!!!
Not certain if this link from 7/24/09 ever made it on this blog …so here it goes:
http://www.cfo.com/article.cfm/14113089/c_14111553?f=home_todayinfinance
Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds – - CFO.com
So clearly these are the 5 financial firms that are in control of the next two or three generations while they maneuvor to unwind the muti hundred trillion dollar amount of derivatives they have on their books; and the other 22 companies as well….
…like monolithic duality…false choice etcetc
@Photoception
yes, that is all very well and good, but where do you draw the line between ‘synthetic’ and organic? how? according to what or who? or is every case simply “obvious”? i think the idea has merit, of course, but viewing anything in a monolithic fashion is in my opinion unwise and very susceptible to intellectual decay
That private debt does not deserve respect. It was irresponsibly lent in the first place, and the financial institutions that lent it should pay the price–not the public nor the public purse–via deliberate debt reduction. This of course would bankrupt those financial institutions, but as should be obvious from the US experience, these institutions are effectively bankrupt already.
This idea is revolutionary. It means that loans on speculation, where the banks are guilty of engineering the speculation, don’t deserve to be repaid.
Steve Keen’s article</a.
Max, love your “rules of the game” analogy.
The trouble we have these days is that the refs are bought and paid for.
In sports, that makes for a bad game and fights afterward…
In finance, it means all the money rolls up the hill on a slanted table…
I think more regulation is silly. We have ample regulation. We just don’t have ample policing and refereeing…
http://blogs.telegraph.co.uk/news/danielhannan/100005019/douglas-carswell-mp-creates-a-wiki-page-inviting-voters-draft-a-great-repeal-bill/
Legislation through a Wiki-page?
How cool is that?
Max, you make a very interesting analogy about organic vs synthetic regulation. I totally agree.
In an forest all the carbon and nutrients are continually recycled by fungi, which break down dead matter and make it freely available to the ecosytem. That is true free market capitalism, whereby carbon is capital.
As you know, our capitalist system does NOT distribute capital freely, in fact it centralizes capital by extracting it from society.
Aonther Madoff story:-
http://www.financialsense.com/fsu/editorials/2009/0714.html
They got to devalue, i suspect by Sept!
Mike
Today I’m looking for things to cheer myself up. Too much doom and gloom can wear us all down, no matter how true it is. Here’s another distraction for y’all. Don’t worry all our problems are over.
http://www.youtube.com/watch?v=Yxe_kwc8klw&feature=PlayList&p=6AA37F766A6C4768&playnext=1&playnext_from=PL&index=51
.. or maybe some Americans should have paid attention in class.
@Youri,….. Re: Golden time for nerds,..bit of a daft article considering trading is a zero sum game ! (Unless like Max has stated, you’re playing with funny money)eg; Derivatives etc.
My reaction on Michael Lewis Takes On Goldman Sachs In Bloomberg Column: “GOLDEN TIMES FOR NERDS” Huffington Post http://tinyurl.com/mye3gt
@mini us
You not meant as you personally of course..
@mini us
Nice short movie. Probably symbolic for all the things you labeled ‘difficult’ ?
Yuan vs. Dollar http://link.reuters.com/zak49c
Too early for China to fight inflation: researcher
http://link.reuters.com/nuj59c
Hidden from sight, debt creeps up on China
http://tinyurl.com/kumqt6
China manufacturing hub hit by downturn http://bit.ly/17NnFx
Subprime mortgage companies warn on U.S. foreclosures http://tinyurl.com/nqqlto
If you’ve ever watched ‘Flight of the Concords’, then you’ll know that Australians & New Zealanders do not always see eye to eye.
http://www.youtube.com/watch?v=zs_rXxi0zhM
I was reading about this Twitter ‘defamatory’ article earlier.
It got me thinking about something. If companies are going to use legal muscle to shut-up people who exercise a right to free speech via twitter, especially for complaining about poor service, then maybe a useful web site would be one where people could pledge cash to help fight such stupid cases.
If such a resource existed, it might make certain institutions think twice before attacking people, thus for a micro-payment, everyone might share a big reward, and a kick-back just a little.
Peter Schiff talking savings and Bernanke failure.
We know this but its good to hear again.
http://www.youtube.com/user/PeterSchiffChannel
Kia ora
Got my stash at Bullion Vault.
Glad I did. Made about 20 %. over 2 years on my investment, while the house I used to own has dropped in value hahaha.
Now, if only , the suppression would end. Any ideas Max ?
Anyway, cheers for making us that much more financially literate down here, keep it up.
Kev`s team gave everyone AU $ 900.00 not so long ago.
People should have bought an ounce of bullion but alas, it was spent on TV`s and stuff ,and 75% ( approx ) of the ‘stimulas’ went back to his mates in China.
Oh well , got to pay the masters somehow I suppose.
Tell the people.
Little Tommy said , hey theres a fricken elephant.
Teacher said, excuse me, what did you say ?
The book says a fricken elephant.
Don`t use that language in the classroom Tommy.
But look , said Tommy , and sure enough , the book said under the picture , AFRICAN ELEPHANT.
Regards S
Peter Schiff, fun guy as he is, seems to believe that Americans have been blowing too much borrowed fiat money on granite kitchen tops.
This lady shows up the spook-sponsored “sexual revolution” for what it was, yet another trap. Apologies if most of the mk followers have already seen this:
The Coming Collapse of the Middle Class
http://www.youtube.com/watch?v=akVL7QY0S8A
Warning!
Previous video could cause offence.
http://msn.careerbuilder.com/Article/MSN-1946-Interviewing-You-Said-What/?SiteId=cbmsnhp41946&sc_extcmp=JS_1946_home>1=23000 i suppose not really very funny in the current economic circumstances for people,but even so ,i guess we wish we had all used some of these lines at some time ? as it would have saved us a lot of trouble ? ] perhaps the person not getting the home loan in NZ is luckier than he thought ? who would want to buy a house at this late stage of ‘the cycle’ ? as for my last employer , [ a prestigious cultural institution, which i shall not name] i wish i had enough money so i could purchase a large white anonymous looking van and fill it full of monkeys and gorillas, i would back it up to the front doors and let the monkeys and gorillas rampage through the building until there was nothing left intact ,naturally having so much money , i would offer to pick up the tab.
Oh my.
Talk about fecal – I would never have found this if not for the way this site is opening my mind.
Hahahhahahahahahahahahhahaha
Its Gold!
http://www.youtube.com/watch?v=xB2hRH9WnQ8
Fescal risk matter?
lol!
Where is that cyanide pill!
Vintage contents, by the (much maligned) first person to finger the PNAC, in December 2001.
http://911review.org/inn.globalfreepress/20th_Hijacker_AA43.html
Later this researcher figured out about the terror drills, heavily suppressed for a couple of years. Eventually his research began throwing light on tv fakery, but that’s still taboo.
darn, I just wrote a long post, and pressed submit and it redirected to some music site, hopefully it’s only happening at my end?
Anyway, the post said something along the lines of good point @Max about organic systems, and included another diatribe about Rudd kowtowing to Obama and using it as an excuse to follow suit in centralising/pyramidding the problems instead of creating more organic systems. And great show thanks Max and Stacy
Great information and discussion guys.
I love it when ‘Schving Schving’ talks fecal
It makes it so everyone can understand, hahahahahha.
And it gives me a laugh.
@Stacy,
Turnbull, the Australian opposition leader is the Former Goldman Sachs boy. Rudd is just a cheerleader for the inflationistas because it makes him feel popular.
Quite frankly, Rudd doesnt know what he is he just becomes whatever his homeboys in UK and US want him to be.
Hey,
I am not saying that this is the situation, however….
It is possible that Roger Griffiths, the NZ artist is registered as a company. That way he can pay himself as little as possible, lets say $NZ15,000 per year. People do this to avoid paying tax. Then if you say you earn, or in fact earn, $NZ15,000/year then you cannot expect ANY bank to lend you much money. They loan depending on your ability to repay that loan, or are supposed to.
I know a few people that have done this and when they went to get a loan, they found out it wasn’t such a great idea.
So pay your freakin taxes if you wanna play in the world!
If you don’t wanna pay your taxes then don’t expect and sympathy from me.
Like I said, I don’t know if this is the case or not, but I highly suspect it may be the case.
Good, enjoyed that.
Thanks
I see GOLD falling
Mike