Stacy Summary: Here is part two. Be patient on part one as the feed went out during the transmission, so I lost most of it; and re: part three, Youtube is hardly working at all tonight, so it’s taking forever and quitting out as I try to upload it. Will upload the parts as they are available, I am also uploading the full version to blip.
Part one is here:
Part two: “Brown’s Bottom”
Part three: “Tyranny”
Tags: brown's bottom · max keiser · On the Edge · stacy herbert · uk gold sales27 Comments
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Who are the gold buyers?
Great energy and educational.
Thanks Max!!!! GREAT EPISODE…..seems the meme is catching traction!
good gravy i can’t even spell feudal what an ass : )
I think ultimately physical gold isn’t a bad hedge to currency risk, as is owning a basket of currencies that aren’t linked to dependency on exporting to the US – the swiss franc comes to mind. Make no mistake, this is a shitstorm, and my hunch is that by the end of it most will be wiped out, as happened in the Great Depression. Or maybe more likely, as happened between 1971 and 1980, when going off the gold standard took the dollar down about 96% in buying power. Think about it – in 1971, an ounce of gold cost exactly what it did in 1937 – the dollar bought as much 45 years later, so you could have stuffed your money into your mattress and suffered no negative effect. Then, within 9 years, it took 2 earners to own the same house as one could buy earlier, and the national buying power lost most of its oomph. True story. And now here we are. So what to do? Dunno.
If the Depression is any sort of lesson, expect a decade of extended “stupid” moves that further shift wealth from you, to them. You can’t break the back of a 70 year run overnight. It takes a decade to create the sort of desperation that has main street selling assets just to feed the family. That doesn’t happen in a couple of years. It will take a steady ratcheting up of taxes, and consolidation of federal government power, along with creation and solidification of monopolies for preferred cronies, to achieve the desired result, and that won’t be over anytime soon.
Why not just enforce common sense property rights, and force settlement in the market before payment is made? Why funnel trillions to businesses that created the current calamity? Why protect the failed model that screwed the pooch, while avoiding any real change?
Because that isn’t in your agenda. Really rather simple, really. The reason the SEC will create an “investor protection board” populated by hand-chosen choagies uninterested in any real protection, rather than simply enforcing the laws on the books, is for show. It’s all to appear to be doing something under the new regime, while business as usual continues. More smoke and mirrors. More talk versus action.
Thanks, Max.
I’m sure this exposé of Gordon Brown’s ‘prudence’ won’t go unnoticed.
Here’s an intrepretation of a possible “worst case scenario”:
GoldSeek — WHEN GORDON BROWN SOLD BRITAIN’S GOLD
http://news.goldseek.com/GoldSeek/1237382162.php
“In 1999, it was rumored that investment bank Goldman Sachs had a 1,000 ton gold short position in the markets. However, much to the shock of Goldman Sachs and the central bankers, in 1999 gold stopped falling; and, because Goldman Sachs’ short position was so large, Goldman possibly could suffer catastrophic losses. This is when England’s then Chancellor of the Exchequer, Gordon Brown, on May 8, 1999 announced England would sell over 50% of its gold reserves, 415 tons of the most precious metal on earth at the very bottom of the market. The decision to sell England’s gold thereby saved Goldman Sachs and insured the political future of Gordon Brown. Goldman Sachs’ is still in business and Gordon Brown is now the Prime Minister of England. Selling a nation’s gold to save the bankers’ parasitic system is now common practice as the banker’s system continues to collapse and gold continues to rise.”
@M & S: Spot on………”Welcome to the real world…” Morpheus ( The Matrix )….All over the world the zit is going to pop!!!!! But when?? “Treason”, you say????…so Bernanke seems to intone that the FED has innate “independence”….so which came first the FED or the Constitutional Congressional Authority??????…well, that’s tricky, now that K Street has most of the congressional members in their pockets……Notice that Dodd and Conrad were given a clean bill of health as per the insider low interest Countrywide loans they received…Several of Countrywide’s execs have now formed an IPO to fund a company that handles the resale of the sub-prime mortgages…how quaint!!!!( and I suppose any other mortgage that is about to default ). Max: So who purchased the $254.00 UK gold back in 1999????? So much is divulged to the media that it becomes incomprehensible that fraud and criminal activity can be overtly advertised and yet no one ( but a few ) have the rallying cry: “YOU HAVE BEEN ABANDONED!!!!!!” Enjoy your summer holiday….find your center and come back to us with a renewed spirit and a fierce tongue…be well
bernanke the financial suicide bomber was just shameful, made me want to throw up.
he should sing “help me make it through the night” on his tour.
seemed like jim lehrer wasn’t up on the material.
THANKS FOR THE GREAT SHOW!
@gb: my take is that Jim Lehrer is not Max, nor Karl nor Alex Jones for that matter…he reacted accordingly as a member of the CFR should…PBS is not autonomous…see the credits…all the foundations….the smoke and mirrors roadshow continue to promote a questionably fraudulent private banking system…all the folks who comment on this blog are already in the raft…and view Bernanke’s attempts to calm the masses as futile…What ever happened to Pete Peterson, Bill Bradley and Walker the ex-Comptroller of the Currency?????and IOUSA????? Did we forget about the unfunded mandates?? while Congress debates the new Health Care package??? and soon the Cap and Trade carbon tax structure???? They all have lots of air time to fill our heads with dribble,,,
Really interesting commentary from Argentina.
http://www.youtube.com/watch?v=HwkM4Ey4ph0&feature=related
Bravo!
M&S you guys have a great documentary film style. Nice work on “Brown’s Bottom.”
About Bernanke:
Doesn’t he sound like he’s trembling with anxiety when Karl Denninger’s question is asked?
I think he’s going on this PR tour to help preserve his re-apointment. Bernanke is clearly obsessed with following in Greenspan’s footsteps. But Greenspan was better at appearing cool-headed in public.
Check out “Bubble Man” by Peter Hartcher
http://www.amazon.ca/Bubble-Man-Peter-Hartcher/dp/0393062252
Re: Gold – taken from the press release from 2004 by the Norwegian central bank concerning the selling of all its gold reserves: “…The background to the sale is that gold only accounted for just over one per cent of the Bank’s international reserves, and thus contributed little towards diversifying the risk associated with the reserves. The return on gold has historically been low…” and in the FAQ – Gold gives the additional info: “…Gold no longer plays any significant role in the monetary system…”
What do the central bank or the nation for that matter gain by selling its gold? Why do you think they ignore the “store of value” factor in exchange for quick digital/paper money?
Check out Bernake’s response to being audited, he’s TERRIFIED.
Max’s voice is a little high on that Brown/Gold report…lol
he sounds like a munchkin.
kick ass max
@ALL
show and send that bernanke clip with max’s comments pt.3 to everyone you can.
@Max&Stacy- get it on infowars.
Theres a diffrence between independent and private you can have an independent branch of government or independent public banking system that is utterly non for profit and can create its own credit that it requires interest free.
yay a special! I so very much like those narrative specials, always so on the point and so well presented. Not only are the they crystallized essence of your combined talents, but they are also timeless! bravo!
ALTHOUGH Max Keiser and Alex Jones did a stupendous, cracker-jack job of laying down the facts this week, they were still up-staged by one National Headline I shall not soon forget:
” Silence Is Goldman. “
Hi Max, great show. I share in your incredulity.
About currency baskets.
Keep in mind that the only solution to a deflationary depression is currency devaluation. (thank-you Stacy.) Since the U.S. dollar is the world’s reference currency, then the only mechanism for devaluing the dollar will be against gold. (I’m not going to argue about where the dollar should be. All other currencies are just as bad.)
But there is no price fix which can be adjusted against, as there had been during the last depression, so this will probably drive the price of gold substantially higher. (but not into the cajillions, let’s not exaggerate.)
My only confusion is why banks have not been buying gold to bolster their balance sheets at this point, because it would seem the best strategy in their defense.
Take Care, Max
F6
P.S. Anyone seen the ‘International?’
http://www.imdb.com/title/tt0963178/
They got one thing wrong in the dialogue. Nobody wants to own any debt, they want to write a lien against your risk, because then it becomes a risk-free asset. A risk free asset then allows you to borrow more than your share to parry against commodities, currencies, government debt, etc.
The final segment is classic: Max says: “Bernanke has the Fed strapped to his chest; He says, “if you come anywhere near me I am going to Blow” ! ”
Will somebody in Hollywood please put this stuff into a Major release, so the movie-going public can have something serious to laugh about again?
@FranSix .. The International
Thx .. will be looking out for it !
ugh…even if congress takes over the job of the fed, they have long been bought by the banksters… so “they” may pretend to be all upset about congress getting any power, but nothing would change…
“they” seem to have planned quite a few steps ahead.
Great summer special ! Thank you very much Max Keiser for teaching us what is really going on! Much respect to you from Holland!
Also much love and respect to Alex Jones, Peter Schiff, Ron Paul, Gerald Calente and others that are teaching us about hidden facisme. Keep up this fantastic work! You people are all we got nowadays it seems ….
Thank God Max stayed and did another show before going on vacation. I was already experiencing withdraw pains. I feel better now. I’m making big changes to my finances to get ready for the coming economic Coup de Grace. I wish I could live in France like a real human being.
Max, you really crack me up!
Hi Max / Stacy,
You and Stacy make a great team, and compliment each other’s styles. Unfortunately the pair of you are preaching to the gallery, however clear your message. The masses have not awakened, probably for three reasons.
1) The have cleverly made the subject of money into a complex religion
2) The (financial) usurpers have control of everything, keeping the majority dumbed down
3) Those few who have a good inkling that something is wrong are just too scared to look into the financial abyss.
Your answer is always to buy gold (or possibly physical assets), but there is just not enough of the stuff, to mop up all the money floating around in this giant collapsing Ponzi scheme. I have my two Krugerrands, but they are even more useless to me than money, at the moment, and when financial Armageddon eventually occurs, I’m not sure that being a survivor is going to be that much fun, however much gold you have.
What we really need to get right is, who should be the first people swinging from all the (otherwise useless) lamp posts in our energy depleted world.
Your shows are great entertainment, I content myself that I see what is coming, because there is nothing I can do at the moment. Oh, the power of the Eunuch! We are all stuffed, you, me, Bernanke, the banks, the Rothschild’s and the Rockefeller’s – EVERYONE. It was nice while it lasted – particularly for the afore mentioned!
Absolutely awesome broadcast with definitive essential information, compressed, concise and to the point. Straight shooter data “ready-made” for the masses to absorb and assimilate. This episode of On The Edge is an ideal candidate for a viral vid.
You guys might be returning to my good book.