Stacy Summary: We are recording two shows today and Truth About Markets NZ should be up here shortly. In the meantime, here are some Keiser links in the news today!!
And from Russia Today, Max comes in around 0.52 seconds:
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
- King World News
- Mish
- Violent Protests in Greece; 6 Cabinet Members Resign; LAOS leader "I Would Rather Starve Than be Under German Jackboot"; Controversy Over Missing Paragraphs
- Merkel's Official Denial "I will have no part in forcing Greece out of the euro"; Schäuble Starts Salami Tactics on German Participation, Calls for Vote
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
For the hundred and first time, the money supply, look at it, yet note that it
hasn’t been injected into the economy yet!
“But the rule of thumb is that money added to the money
supply by a central bank starts to have it full effect about six months after
being added.” – This is what I said to you a year ago, however, the trillions
added to the money supply haven’t seen the light of day yet, look at the senate
hearings grilling the Fed people on the whereabouts of the money. THe banks
have hoarded the money, not increased lending or liquidity. You can’t say just
because it’s a year later there won’t be inflation. Yes, there is wage
deflation and in commodities, but that doesn’t have anything to do with the
point about money actually being injected into the real economy, as opposed to
sitting on banks’ secret balance sheets no one can see. And the POINT IS – at
what point the money gets injected into the real economy!!!!!
You’re ignoring quite a bit while pointing to things like the CPI like it’s the
only thing worth looking at, and we can go on ignoring these other
insignificant things like 20 tril, unknown amounts of money that are worth
knowing.
“But where did that money come from? You didn’t have it
> before and neither did the bank, the merchants or the rest. The answer is
> that
> within the group of you, you all have created $500 and added it to the money
> supply.”
Yes, where did the money come from? You’re correct in later saying that the
gov’t didn’t create it. Private banks did. Under the name of the Federal
Reserve. They are loaning it to us at interest. This is a big reason we
parted with England (the Bank of England) when we fought the Revolutionary war.
Then in 1913, after a lot of struggle since that time, the Bank of England wins
back control of our central banking system through the illegitamite Federal
Reserve Act, written by bankers, not legislators. So we stop having a truly
national central bank – in the Constitution it says that only Congress has the
authority to coin and regulate money. This was a big deal since the founding
of this country. But go ahead and continue to defend the private bankers.
Just because gold mining is bad for the environment? or is there another
reason?
People are going back to work? Things are going to be OK? Read the headlines?
YOU are the wingnut!
By the way the unemployment figures in the US are fudged in a major way. They
leave out the people who were already unemployed the month before, things like
that.
Quoting Daniel Heyman :
>
>
>
> Hey, that’s a really video cool! I had an economics professor who
> gave the class the lyrics to that Peter Tosh song to study in a class on
> economic crises.
>
>
>
> TWENTY FOUR YEARS AGO, IN ***1985***
>
>
>
> The dollar still hasn’t “died.”
>
>
>
> And as a matter of fact, that professor was a Marxist. And a
> real one, not a “Nancy Pelosi/George Soros/Barack Obama is a Socialist who
> wants to take my guns” teabag boogyman Marxist, either.
>
>
>
> Mr. Dyke wrote “I said mark my word, there will come a day.”
> Well I did mark his words. That’s the point. A year later and still no
> hyper-inflation, still no martial law. I really don’t want to get into this,
> but since I’m desperate for a reason to be smug, I guess I’ll have to run a
> clinic in basic economics.
>
>
>
> (I’m not even going to bother refuting a bunch of broken
> links about job openings as National Guard internment camp guards. Must be
> the
> people who are going to operate the Obama Care Death Panels. This shit gets
> too
> incoherent to even argue over. By the way, a little more openness at the fed
> is
> probably not a bad idea, but also not a big deal. Nothing compared the
> reality
> that the Keynesians at the central banks just rescued our collective asses,
> and
> may even make money for the taxpayers doing it.
> http://www.nytimes.com/2009/09/11/business/11bailout.html?hp)
>
>
>
> The question before us (not that I expect Mr. Dyke to
> listen) is why do we not have hyper-inflation? Another way to put this is to
> ask why did even a monetarist as dedicated as Milton Friedman totally oppose
> the gold standard?
>
>
>
> Let’s start with Chart One – the CPI, which you should find
> attached to your e-mail. This is the inflation rate. Since average prices are
> in real danger of falling off the bottom of the chart, I think we can agree
> that we are not in hyper-inflation.
>
>
>
> But wait, ask the wingnuts, how can that be? The central
> banks and others (notably in the U.S. the fed and the treasury department)
> have
> been adding to the money supply at a furious rate. See Chart Two – The Money
> Supply. It’s been exploding, especially starting about a year ago. The
> theories
> we wingnuts all follow says when the money supply goes up, so must prices.
>
>
>
> But the rule of thumb is that money added to the money
> supply by a central bank starts to have it full effect about six months after
> being added. Yet prices have not exploded. And they won’t.
>
>
>
> See Chart Three – Bank Credit. If you look closely you will
> see that bank credit dropped off sharply last fall, right at about the same
> time the money supply was really starting to increase. This is not an
> accident.
> The increase in the money supply was made to (and had the effect of)
> REPLACING
> the money that was in essence being taken OUT of the system by the banks.
>
>
>
> To see how this works we need to take a step back. The first
> thing we have to understand is that banks, merchants, credit card companies
> and
> consumers ADD MONEY TO THE MONEY SUPPLY EVERY DAY. It’s a normal result of
> how
> credit operates. This about it this way – say you have no money, but you get
> a
> credit card in the mail. You use that plastic to go out and buy $500 dollars
> worth of stuff. The merchants get their $500 and pay their workers and
> suppliers etc. So that $500 worth of purchases represent economic activity.
>
>
>
> But where did that money come from? You didn’t have it
> before and neither did the bank, the merchants or the rest. The answer is
> that
> within the group of you, you all have created $500 and added it to the money
> supply.
>
>
>
> Now, this makes people nervous. It should. Ideally this new
> money is absorbed into the growing economy and put to use. This is the second
> thing we need to understand – capitalist economies HAVE to grow, or they get
> sick. But they normally increase by several percent per year. Which means we
> can have, in fact SHOULD have an increasing money supply to match that
> growth.
>
>
>
> But just because someone mails you a credit card does not
> mean you or the economy can afford to run up a bunch of debt. But the fed and
> the treasury only deserve a small part of the blame for letting that
> situation
> get out of control.
>
>
>
> What they have done, and done it well in this case, is deal
> with the crisis that comes when everyone in the system shits in their pants
> and
> realizes they can’t maintain the pace of growth. The government is not the
> only
> one adding to the money supply, but it’s the only one that can decide it
> wants
> to step in when everyone else is pulling back. That’s one essential lesson of
> Keynesianism.
>
>
>
> Which brings us to Milton Friedman and the gold standard.
> The production of gold IS terrible for the environment and for the people who
> have to mine it or live around the mines. But the essential point about it
> economically is that it is inflexible. You can’t increase the amount of it
> when
> the economy needs a larger money supply. Which is why Friedman was totally
> opposed to anything like a gold standard. Friedman said the money supply
> should
> be increased at a slow steady rate – three or four percent per year – in
> harmony with the level of economic growth. But it was to be an INTENTIONAL
> increase,
> not just a random thing that depends of the mining company in Alberta or
> South
> Africa hitting a rich vein.
>
>
>
> How can I say that the fed and the treasury have done a good
> job in handing this crisis? I’ll let you read the headlines for yourself, but
> one key measure (the one the president has pointed to) is that the
> unemployment
> rate seems to be topping out. People are going back to work. There are other
> metrics to watch: as we’ve seen inflation is not going hyper; the dollar is
> down and gold is up, but neither one by much; the banks are paying the TARP
> back; and federal bonds are still selling well at a good price.
>
>
>
> Then there is the stock exchange – chart 4. I’m not a big
> fan of measuring everything by stock prices, but in this case there is a
> clear
> corollary pattern. Stock exchanges tend to be a leading indicator, several
> months ahead of the broader economy. And last summer the bottom fell out of
> the
> Dow. But it’s been climbing since the beginning of the year.
>
>
>
> Class dismissed.
>
>
>
>
> Dan Heyman
so which is it!
inflation or deflation?
Should I cash out of gold while its up or … buy ammo?
Thanks for posting that video. I think it would be appropriate to include the link to that ECONOCHRISTIAN.COM website as it seems very good and helps promote Max Keiser. Thanks.
@MIkeKing:
We do respect your wisdom and are now fondly affectionate regarding CapLock.
@MikeKing:
GOODNESS YOU DON’T NEED TO SHOUT
@Snoot…….WHAT THE FUCK IS THE MATTER WITH YOU ???
Lol.
@Dedo:
THANKS…..BUT WE OWE IT ALL TO MIKE….
@Frances,…..LOL,….you’re good,….real good!
A new currency
To deliver
Reconsider
THE CAP
Indolent as yet
But required
By those desired
NOT TO FALL PREY
to the insolent sway
of the proletariat
letter.
The CAP
Is elite
in discretion
Appearing without foreknowledge
as harbinger
of INTENT.
Well spent
The time labyrinthlike.
Recline
upon the voluptuous
Curves
of OBSTINACY.
TO KNOW
IS TO
ENDEAR
WITH FAMILIAR
CHEER
WE
GET
IT
NOW
And embrace the face
of the NEW
and say POOH
to the old letterstrikes.
Whose way
Perhaps was
Lost in another
Day
Begone
The CAP thing is a good example of people so easily distracted from pertinent information. I read caps…..I listen to jesus freeks on youtube… I consider the content and ignore the presentation….This is why I have informative and pertinent consolidated information to type rather than all the CONSTANT rehashing of misdirected crap from the media machine that I read on this sight from most of you.
Go ahead….. go down the blog…. compare what is written and its content……
TOELERATE THE CAPS….ITS NOT A BIG FUCKING DEAL. CONSIDER THE CONTENT. What I have to write on this blog is the result of many more hours of researching pertinent information than most of you obviously have yet to do. I average 3 hours a day for the past two years not including 54 years of being an American and all the info gathered along that way.
the sdrs will just make it that much easier to manipulate markets and commit accounting fraud
The thing about this report that’s troubling is the notion that a global currency would mitigate the risk of recessions/depressions like the one we’re in. Total bullshit. We’ll end up with a worse situation where even bigger too-big-to-fail entities drag the world economy into the fake money cess pool. These guys are so arrogant to think markets can be controlled and the idea that they’d be run by benevolent bankers is so hilarious that I think I’ll go vomit now. In the words of the Mogambo Guru “We’re all freakin’ doomed”.
I really am not looking foward to living in a 3rd world country but its not far off into the future. Hop I survive the inital panic and despiration. A redneck
WE SHOULDN’T BE TOO HARD ON MIKE KONG…..AFTER ALL….MAYBE…his fingers are too big for the keyboard.
@MikeKing:
You’re right.
There’s nothing stealthy about ALL CAPS.
Nothing subtle either.
@Max:
PEOPLE WRITE IN CAPS BECAUSE THEY FORGET NOT TO LEAN ON THE KEYBOARD.
The people and organizations, controlling the money supply (ignore the labels of these organizations…who cares.. they exist)
Labels don’t matter.
Like, size doesn’t matter?
The caps,…I think it’s a legal thing!
Is he writing in caps or morse code?? There so many dots in there!!!
@Mike2liverpool :
. World (US)Bank
. Wants a World (US CONTROLED) Currency
. Whats wrong with this picture?
We don’t trust worldbank. We don’t trust US wit this matter.
. The World MUST return to Gold/Silver
Better do that without worldbank, worldcurrency.
@Mike…….you get to uptight,….calm down,.
As i see it
The US is the BULL
China is the Matador
Mike
there loss…..and as you see by all the responses you get on your site that most people are absolutely clueless to this stealth agenda……
they should start reading caps….
Take care You and Max are held in high esteem. Keep up the good work ! You are both exceptionally intelligent….. much more so than I………
I am just a gister….and good at it.
Russia Today is airing a 1/2 hour interview with me later today, so I hear.
World (US)Bank
Wants a World (US CONTROLED) Currency
Whats wrong with this picture?
The World MUST return to Gold/Silver
Mike
Yea, i don’t read CAPS either. why do people write in caps?
@From Russia with love …
First guest – Max Keiser … aka MK-007
Nice !
@Mike King – don’t you know that nobody reads caps?
The only people in a position to create, manage and control the aspects of a world currency are the SAME FUCKING PEOPLE IN CONTROL OF THE DOLLAR and no one else.
NO OTHER COUNTRY OR COUNTRIES ARE EVEN REMOTELY CLOSE TO BEING IN A POSITION TO ESTABLISH OR…….EVEN BE A PART OF (THE CONTROL OF) …..A WORLD CURRENCY.
This is why ……. all countries “wanting” to “retire” the US dollar as the number one accepted world currency are in all practical purposes……………………….. THEY ARE……
ASKING THE SAME FUCKING CONGLOMERATE TO HAVE COMLETE CONTROL OVER THE “NEW” GLOBAL CURRENCY AND CONTINUE THEIR DECADE BY DECADE SINGULAR FOCUSED LONG TERM AGENDA OF CREATING A WORLD GOVERNING BODY AND BEING AT ITS HELM.
Watch…… wait until the REAL collapse begins……. All the countries of the world will be scrambling to sign the already drawn up plans for a world currency from the same entity that produced the collapse in the first place……… for this exact purpose of forcing total international cooperation in establishing their new holy grail of expanded global control over world currency by way of global financial collapse.
Christ….you cant tell me the world is that stupid as to what is going on when any 16 year old with common sense can read the OVER WHELMING EVIDENCE OF THIS SITUATION in the comfort of their own home on a personal computer via internet.
I JUST CANNOT BELIEVE THE IGNORANCE TO WHAT IS HAPPENING.
It is this simple……..
The people and organizations, controlling the money supply (ignore the labels of these organizations…who cares.. they exist) have been systematically acquiring the necessary powers both financially and politically to continually expand their power by way of the dollar and the cooperation of the elite US government. They have worked out a plan to astronomically expand their power by becoming in charge of a new global currency which they have already sitting on the sidelines. They are implementing the plan now and succeeding in stellar fashion. Everything is in place and all the organizations are working under singular guidance. No country, government, organizations etc etc are even remotely close to their current power.
In a nut shell……. THE WORLD CALLING FOR ABANDONMENT OF THE DOLLAR ARE FALLING FOR THE CON THE MILLINUEM.
THE SAME ENTITY WILL BE SLIDING THE “NEW GLOBAL MONETARY SYSTEM” CONTRACT ACROSS THE TABLE AT THE APPROPRIATE G20 MEETING (DURING THE REAL COLLAPSE)…. AND THE COUNTRIES WILL SIGN IT WITH ENTHUSIASM …… ANYTHING TO RESOLVE THE CHAOS FROM COLLAPSE.
SORRY FOR CAPS…. I AM SO PISSED AT THESE MOTHER FUCKERS…..THEY NEED TO BE DEAD,,,,DEAD,,,,DEAD……