Stacy Summary: The Truth About Markets. London. 12 September 2009.
For more download and listening options, visit Archive dot org
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Stacy Summary: The Truth About Markets. London. 12 September 2009.
For more download and listening options, visit Archive dot org
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Kicking things off…
Its more like this. Lehman never documented their derivatives junk bond network, because its actually a pyramid scheme.
@Max .. the payout that Silverstein got was 9 Bio$.
According to the TV report !
( he got 2x damages because of 2 hits .. after he took the Ins. CO. to court )
Proff Fekete is good …
You should have call him for the show
@Max … seems the sites still not yet taken :
http://www.americanpeasants.com/
http://www.britishpeasants.com/
http://www.britishpeasants.co.uk/
http://www.germanpeasants.com/
http://www.germanpeasants.de/
The reason why the software isnt properly documented is the trader / analyst chasing the money / bonus demands that the simple booking app now has knobs and bells and whistles, all in realtime. Any pushback from the developer and a few phone calls later his boss is telling him to drop everything and deliver what the trader wants. So the app that wasnt properly documented in the first place with many hax and fixes / coding styles from previous dev cycles, bludgeons out into some hap hazard psuedo realtime system. The honest dev wants to stop the show and clean the app up and document it but he doesnt have the time because the trader wants to be able to book the next latest instrument, in realtime with hourly updates of price and he needs it NOW or he will lose all the profit that can be made on this new trade to the competition. Documentation is out the window, testing is light and with every live release the development team has its fingers crossed that the whole system wont crash.
Congrants on your 5th anniverseray for Truth About Markets…..here is 5 more glorious years…….BUY GOOOOOLD!!
* June 2006: Capital Requirement Directives adopted
* January 2007: The Directive came into force
* October 2008: The European Commission proposed a review of the Capital Requirement Directives
* April 2009: The European Commission proposed a new review of the Capital Requirement Directives to take into account risks related to trade books, securitisation and managers’ remunerations
* May 2009: The European Parliament adopted the 2008 review of the Capital Requirement Directives
Speculation? Systemic crisis begins when EU directive enforced: Jan 2007.
http://www.euractiv.com/en/financial-services/basel-ii-capital-requirements-directives/article-141423
link for above milestones
The JPMorgan derivative contract “book” that Max indicates the Chinese are ignoring could be compared to the shade produced by a causal factor. It is not the crisis, it is an effect of the crisis.
What is the tree?
IMO: Basel ii Capital Adequacy Directives
Christopher Booker writes (Oct 2008):
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick.
In 2004, partly in response to the Enron debacle, the world’s leading economic powers made an agreement known as Basel 2.
It proposed a drastic tightening of the so-called “fair value” or “mark-to-market” rules, whereby banks and other financial institutions define whether they are solvent and fit to continue trading. Brussels, which is fast taking over regulation of our financial services, embodied this in two directives, 2006/48 and 2006/49, known as the Capital Adequacy Directive.
Much of this lays down a complex “Risk Assessment Model”, under which a bank at the end of each day’s trading must produce a statement of its assets to show whether or not it is solvent. If not, the bank must declare this to the regulatory authorities, such as Britain’s Financial Services Authority (FSA), and cease trading.
As informed observers pointed out at the time, this might not cause problems when property and share values were rising but when markets fell the banks would be put in a critical position.
Writing down their assets to the value they would fetch in a “fire sale”, without allowing for underlying value or future recovery, their asset base might be so severely undervalued that it would be difficult for them to lend or borrow, freezing those deals which are the banking system’s lifeblood.
At worst, though technically solvent, they would have to close their doors.
Since the credit crunch began last year, this is precisely what has happened
http://www.telegraph.co.uk/comment/columnists/christopherbooker/3562598/The-EUs-role-in-our-financial-crisis.html
http://online.wsj.com/article/SB125204949648785969.html?mod=googlenews_wsj
What is happening in China due to banking capital requirements.
@ Phil
I refering to that Dragons Den bloke?
I really do not understand why anyone would invest in a bubble like the UK housing are they investing in Dubai and USA property too?
Why HELP?
What have I missed, property has fallen all over but it the papers they say its up? Im sticking with my instincts and that is meltdown
More on capital requirement chaos:
http://paper.sznews.com/szdaily/20090907/ca2919289.htm
Speculation?
Does the Chinese derivative proposed default relate to the increased capital requirements for banks in China? Who mandated the proposed change in capital ratio?
Agree with Stacy about this nitpicking about nothing. Think it has to do with the Tabloid culture very big in the UK. Example
Wells Fargo exec used Malibu Colony home lost by Madoff-duped couple, neighbors say http://www.latimes.com/business/la-fi-malibu-wells11-2009sep11,0,740504.story?track=rss
But some neighbors say the real shocker came when they saw one of the bank’s top executives spending weekends in the $12-million beach house and hosting eye-catching parties there. What’s more, Wells Fargo spurned offers to show the property to prospective buyers, a real estate agent said.
“It’s outrageous to take over a property like that, not make it available and then put someone from the bank in it,” said Phillip Roman, an 18-year Colony resident who lives a few homes away from the property.
Dubai for me looks like something that occurs before the terminal decline of a species.
Bet they have Gold Taps lol
http://www.youtube.com/watch?v=D-_jp1-_I3I
@frances snoot
I always think the more unlikely the story the more true it is. Otherwise you get in the “Hitlerain Truth Trap” namely the more simple the lie the more likely people are gonna believe it.
So to get back at Benjamin Fulford who always tells amazing stories which normaly people wouldn’t believe so they must be true. I always believe him.
@sharon
Japanese get very old cause they eat a lot of fish. Liked the Mexican fish story reminds me of Samos Greece where the fishers come in with some fish and prepare it at their local restaurant, delicious.
@Ilya Kuryakin
BS that people can get that old cause the exactly know how old people theoretically can get. How? Some people have this “getting old fast” illness so they get old fast but their organs are not used up yet. I think it’s about 140 years old you can get if I remember well but certainly not 245.
@Frances,….Haven’t we been a busy bee,….: )
(That’s the royal “we” by the way)
Dubai In Bilateral Gold Rush With China http://tinyurl.com/letzps
Dubai property prices down 50% since only late last year? http://bit.ly/t7cPR
RECAP: Dubai in fact went Bankrupt back in November 2008 sources now confirm http://tinyurl.com/m8d4au
@James .. yes , you are right.
One of the IBs I worked at didn’t have a test system – setting up a parallel infrastructure would have been too cost intensive and almost impossible to maintain in a timely fashion.
It was all realtime; no databases; everything in main memory. Memory dumps were performed every 15 mins to disk .. this was their backup ! If the public had known, they’d have run a mile. It was a very well known IB and market system.
@Fibon11235 .. Draon’s Den
I’ve seen that a few times .. I think it’s an awful program .. sign of the times. If you’ve got a good idea – and you believe in it – you don’t need vultures to take 50%+ of your business.
Just grow slowly and stay in control.
Most of these people think they’ll get rich quick – easier and faster – by having extra capital .. the good old days of hard working founders and serious inventors are gone IMO.
Dozens Killed in Turkey Floods
Turkey’s largest city Istanbul has been inundated by flash floods sparked by torrential rains. The death toll has already passed two dozen and is expected to continue to rise. The flooding has brought much of the city to a halt and is being described as the worst to hit the city in decades.
http://english.chosun.com/site/data/html_dir/2009/09/10/2009091000413.html
@Stacy
love all the shows you and Max are on but The Truth About Markets is still my fav.
@Youri:
I believe in shamrocks but I don’t believe that Geithner is panting about looking for one.
@Dedo:
Thanks for the idea about the Royal We.
Contradicted in principle by the common folk getting the weewee up.
Here’s a line from an essay I just read which explains why we weuns are fascinated by the news stories, which are like the new art:
“Beauty is nothing but the beginning of terror we are still just able to bear, and why we adore it so is because it serenely disdains to destroy us.” Rilke
Is another 9/11 set to unfold? http://tinyurl.com/mjdluu
The Flight To Quality Lands On Gold http://bit.ly/MjMQl
So when there was a “housing bubble” people had access to easy credit; which they used to ‘pay’ for their homes. Now there is no credit, this is deflationary; so say the deflationists. But, what about all the credit/money that was paid for these places that went out past the balance sheets? Deflationists don’t account for this. Why isn’t all that ‘easy credit’, plus Nero Bernanke’s money expansion, inflationary?
Why is gold deflating up, and past $1000.00? (Peter Schiff’s Canary in the Coal mine)
As a saver, I wish it was truly deflation! That would be great for all savers! But, unfortunately I cannot agree with Max’s new found deflationist view. (Wouldn’t it make sense to sell your gold and silver now, and buy more later at a better price?)
I gotta say Max, you’re starting to lose my confidence.
They are heating up the Iran nuclear situation again in Israel and Washington. From The Jerusalem Post, Intelligence Minister Dan Meridor urges immediate action on Iran.
The Jerusalem Post article:
http://www.jpost.com/servlet/Satellite?cid=1251804551907&pagename=JPost%2FJPArticle%2FShowFull
The Uprising has begun
http://www.mailonsunday.co.uk/news/worldnews/article-1213056/Up-million-march-US-Capitol-protest-Obamas-spending-tea-party-demonstration.html
Mike
Karl Denninger :
Legions Of Debt, The Unsustainable Advance
http://www.mailonsunday.co.uk/news/worldnews/article-1213056/Up-million-march-US-Capitol-protest-Obamas-spending-tea-party-demonstration.html
PS: Mike – 2 mio. March on Washington
Thanks – interesting !
@Mike/Liverpool
Don’t think so. This government pisses on the public so they jus carry on their destructive politics.
The real Helter Skelter will come later.
Satanic rituals just go on: Evidence of Blood Rite Ritual of Yale student Found at Yale Molecular-Bio Lab http://tinyurl.com/rdcvpb
Sorry .. posted your link again !
http://www.youtube.com/watch?v=MdkbNfYzJLs&feature=sub
Global economic crisis to continue: IMF chief http://tinyurl.com/pmsrmr
U.S. posts $111.4 billion August budget deficit http://tinyurl.com/orkvnq
Dubai Sovereign Wealth Fund Is Said to Quit Investments, Weighs Fund Sale http://tinyurl.com/men7to
Beware Bankers Spinning Story of Smooth Results http://tinyurl.com/ryp4zc
French unease at telecom suicides http://news.bbc.co.uk/2/hi/europe/8252916.stm
Jim Rogers: I will sell all US dollars http://tinyurl.com/qroack
Not The time to Buy China Stocks says Jim Rogers (PDF) http://tinyurl.com/o43rgd
Talking about Notin! Bank launches probe into parties at foreclosed Malibu mansion http://tinyurl.com/q6wwrs
It’s so boring over here tonight, it’s like visiting a bowling alley in Detroit.
Why don’t you say something, Youri?
Found any shamrocks?
Project Camelot interviews Jane Burgermeister http://www.youtube.com/watch?v=PelTWCUmTsU
David and Goliath might be an appropriate title for this video. Because Jane Bürgermeister, as a committed Christian, possesses an almost unreasonable amount of courage in her single-handed stand – against what many perceive as being a giant that few people are equipped to fight.
Jane is a young woman living in Vienna who, while working as a medical editor, was horrified to learn in early 2009 of the fiasco in which a Baxter International research facility in Orth-Donau, Austria, sent a quantity of human H3N2 viral material to 18 European laboratories.
Such a supply of experimental material would have been totally normal – except that in this instance the H3N2 had been somehow contaminated with live H5N1… the far more lethal Avian Flu.
As a medical editor, Jane immediately realized the import of what had happened – and what had nearly happened – and raised the alarm. But no-one in the Austrian media was interested. She then took matters into her own hands and filed legal charges against those who she considered the perpetrators to be.
Very soon after, Jane was dismissed from her job without explanation. Undeterred, she sought support on the internet and continued her campaign. In the months since then she has attracted committed followers – and critics – all over the world. She is not alone in suspecting that there exists a literally diabolical plan which is nothing less than the genocide of potentially hundreds of millions of people worldwide.
Project Camelot can understand how she has inspired many others to wake up and take action: it’s a little harder to understand some of her critics. When we learned that a number of serious accusations had been leveled against her, the obvious thing to do was to seek her out and talk to her on camera – one of the things that Project Camelot is equipped to do best.
So, this we have done. The result speaks for itself. We bring you the real Jane Bürgermeister: feisty, determined, passionate, articulate, and authentic.
@Youri:
YES!!!!!!
Here you can find more always very intriguing Camelot Interviews (Future -Remote Viewing – Aliens etc…) http://www.projectcamelot.org/interviews.html
Senate Panel OKs $128 Billion For Afghanistan, Iraq Wars http://tinyurl.com/mp37m8
KaaarmaBanque—Pishh!
I say we front-run Goldman. Its just a matter of wherewithal. If there is no rule of law, its time us peasants unite and sabotage Goldman Sachs.
Off topic..slightly
@Mike/Liverpool
Maybe not the one you’re looking for but still a ‘Thing Of Beauty’.
There’s still only one Robbie Fowler….
http://player.sbs.com.au/twg#/twg_08/ALeague/A-LeagueNews/playlist/Sydney-v-North-Queensland/
Specific WebBot September prediction:
http://www.youtube.com/watch?v=zyRd9G_AXb0&NR=1
Wall Street’s Math Wizards Forgot a Few Variables http://bit.ly/ASz1r
For the average person not knowledgeable about the depth of the control the money controlling entity….the following would be just a very odd coincidence….However…..I will tell you this….. for the people that understand the complete control of all aspects of the financial system by the entity for the purpose of a successful demolition of the US dollar currency for the purpose of global economic collapse and the establishment and control of a new world currency to be managed by the one in the same entity implementing this disaster……the following is no coincidence.
“The Dow Jones industrial average is down 22 at 9,605.41. That is nearly identical to the Dow’s finish of 9,605.51 eight years ago, the day before the Sept. 11, 2001 terror attacks.”
As CNN Money points out, the market never opened on 9/11, or for the next four trading days, so that figure was technically in place on that fateful and tragic day:
“Financial markets never opened on Sept. 11, 2001, and remained closed for the next four trading sessions. When stocks began trading again on Sept. 17, the results were predictably gloomy. The Dow Jones industrial average plunged 684.71 points, its biggest one-day point loss in history.”
It may also be interesting to note that the one year anniversary of Lehman Brother’s collapse, signpost of the financial meltdown, also occurs this weekend.
Not being one for cosmic coincidences or Jungian synchronicities, I’d sooner hedge my bets on backroom, manmade manipulation (though I could hardly say for sure).
After all, this kind of thing is possible: With the arrest of Sergei Aleynikov came the revelations that Goldman Sachs possessed software whose complex algorithm is capable of massive, real time market manipulation. As The Agonist reported:
“A case of financial espionage raises questions about Wall Street’s proprietary trading practices and exactly what role they play in the market. The perpetrator of the espionage, Sergei Aleynikov, is a former computer programmer and equity specialist at Goldman Sachs. He is alleged to have downloaded secret software at Goldman that is used to direct large volume, rapid-fire trades to exchanges and commodity markets, often just before the close of regular trading.”
Besides, these kind of eerie coincidences are nothing new.
Two extremely strange and unlikely events occurred right around 9/11’s first anniversary. One day before September 11, 2002, The S&P 500 futures contract closed at 911.00. The very next day, on 9/11/02, defying all odds, the New York lotto drew 9-1-1 as the winning numbers.
“It was bizarre, it was strange, but it wasn’t manufactured,” said Richard Canlione, vice president of institutional financial futures at Salomon Smith Barney, the AP reported about the uncanny S&P closing.
The AP also reported, “The numbers were picked in the standard random fashion using all the same protocols,” said lottery spokeswoman Carolyn Hapeman. “It’s just the way the numbers came up
Also…Please note the end paragraph of above……….
AP is one of THE primary owned and controlled propoganda agencies by the money controllin entity !
Yea right…..we believe that paragraph….dont we……. these numbers for the dow on 9/11 are equal in odds to winning the lotto………. sure….AP….. sure !!! We are all in agreement to you fucking logic..
AP can go to hell!
http://www.newamerica.net/publications/policy/overcoming_americas_debt_overhang_case_inflation
Project Camelot interviews Dr Pete Peterson – part 1 of 3
http://www.youtube.com/watch?v=ooSRh7V68uk
Project Camelot interviews Dr Pete Peterson Part 2 of 3
http://www.youtube.com/watch?v=XJyCG_OHXGg
Project Camelot interviews Dr Pete Peterson Part 3 of 3
http://www.youtube.com/watch?v=OfIlUMS_Q3g
@mike
If you had used cap locks I wouldn’t have enjoyed that half as much….in fact I’m gonna go back and read it again!
JUDGMENT DAY IS COMING…
http://www.dailymail.co.uk/news/worldnews/article-1213056/Up-million-march-US-Capitol-protest-Obamas-spending-tea-party-demonstration.html
@Mike King
Well I think it doesn’t work like that. For example Reuters is cooperating with this swine flu scare or I don’t like the way Alex Jones is presenting his info or Max & Stacy say someting I don’t agree with and than can say “go to hell” but that’s just plain stupid cause you have to learn to look at the real fruits.
There was a guy here also on the forum (donnow if it was you) who said yeah Alex Jones spoiled something for me so I am not gonna listen to him anymore. That’s just plain ignorance cause than you mis a lot of realy good info.
So, yeah AP is in the pocket but so is Reuters but some info, and you have to learn to recognize it yourself, is veru usefull.
For that matter Alex Jones and Max & Stacy are great cause you know they are not directed by some Rockefellow or somtin. So if dismissing these guys for some silly reason just shows plain ignorance as example.
@Mike/Liverpool – hardly an uprising; if that were an uprising then why are these ‘uprisers’ not protesting the $13 trillion for banks? why instead are they protesting a program that would cut the per capita medical spend in half? why are they fighting to have the health care middle man spend be 33% instead of 3%? That’s not an uprising I can believe in.
Methinks there is something else at work here . . .
To wit, http://www.huffingtonpost.com/2009/09/12/tea-party-protester-we-th_n_284701.html
A True Hero….
..Nobel Prize winner Norman Borlaug dies at 95
DALLAS – Agricultural scientist Norman Borlaug, the father of the “green revolution” who won the Nobel Peace Prize for his role in combating world hunger and saving hundreds of millions of lives, died Saturday in Texas, a Texas A&M University spokeswoman said. He was 95.
Borlaug died just before 11 p.m. Saturday at his home in Dallas from complications of cancer, said school spokeswoman Kathleen Phillips. Phillips said Borlaug’s granddaughter told her about his death. Borlaug was a distinguished professor at the university in College Station.
The Nobel committee honored Borlaug in 1970 for his contributions to high-yield crop varieties and bringing other agricultural innovations to the developing world. Many experts credit the green revolution with averting global famine during the second half of the 20th century and saving perhaps 1 billion lives.
Thanks to the green revolution, world food production more than doubled between 1960 and 1990. In Pakistan and India, two of the nations that benefited most from the new crop varieties, grain yields more than quadrupled over the period.
“We would like his life to be a model for making a difference in the lives of others and to bring about efforts to end human misery for all mankind,” his children said in a statement. “One of his favorite quotes was, ‘Reach for the stars. Although you will never touch them, if you reach hard enough, you will find that you get a little ‘star dust’ on you in the process.’”
Equal parts scientist and humanitarian, the Iowa-born Borlaug realized improved crop varieties were just part of the answer, and pressed governments for farmer-friendly economic policies and improved infrastructure to make markets accessible. A 2006 book about Borlaug is titled “The Man Who Fed the World.”
“He has probably done more and is known by fewer people than anybody that has done that much,” said Dr. Ed Runge, retired head of Texas A&M University’s Department of Soil and Crop Sciences and a close friend who persuaded Borlaug teach at the school. “He made the world a better place — a much better place. He had people helping him, but he was the driving force.”
Borlaug began the work that led to his Nobel in Mexico at the end of World War II. There he used innovative breeding techniques to produce disease-resistant varieties of wheat that produced much more grain than traditional strains.
He and others later took those varieties and similarly improved strains of rice and corn to Asia, the Middle East, South America and Africa.
“More than any other single person of his age, he has helped to provide bread for a hungry world,” Nobel Peace Prize committee chairman Aase Lionaes said in presenting the award to Borlaug. “We have made this choice in the hope that providing bread will also give the world peace.”
During the 1950s and 1960s, public health improvements fueled a population boom in underdeveloped nations, leading to concerns that agricultural systems could not keep up with growing food demand. Borlaug’s work often is credited with expanding agriculture at just the moment such an increase in production was most needed.
“We got this thing going quite rapidly,” Borlaug told The Associated Press in a 2000 interview. “It came as a surprise that something from a Third World country like Mexico could have such an impact.”
His successes in the 1960s came just as books like “The Population Bomb” were warning readers that mass starvation was inevitable.
“Three or four decades ago, when we were trying to move technology into India, Pakistan and China, they said nothing could be done to save these people, that the population had to die off,” he said in 2004.
Borlaug often said wheat was only a vehicle for his real interest, which was to improve people’s lives.
“We must recognize the fact that adequate food is only the first requisite for life,” he said in his Nobel acceptance speech. “For a decent and humane life we must also provide an opportunity for good education, remunerative employment, comfortable housing, good clothing and effective and compassionate medical care.”
In Mexico, Borlaug was known both for his skill in breeding plants and for his eagerness to labor in the fields himself, rather than to let assistants do all the hard work.
He remained active well into his 90s, campaigning for the use of biotechnology to fight hunger and working on a project to fight poverty and starvation in Africa by teaching new drought-resistant farming methods.
“We still have a large number of miserable, hungry people and this contributes to world instability,” Borlaug said in May 2006 at an Asian Development Bank forum in the Philippines. “Human misery is explosive, and you better not forget that.”
Norman Ernest Borlaug was born March 25, 1914, on a farm near Cresco, Iowa, and educated through the eighth grade in a one-room schoolhouse.
“I was born out of the soil of Howard County,” he said. “It was that black soil of the Great Depression that led me to a career in agriculture.”
He left home during the Great Depression to study forestry at the University of Minnesota. While there he earned himself a place in the university’s wrestling hall of fame and met his future wife, whom he married in 1937. Margaret Borlaug died in 2007 at the age of 95.
After a brief stint with the U.S. Forest Service, Norman Borlaug returned to the University of Minnesota for a doctoral degree in plant pathology. He then worked as a microbiologist for DuPont, but soon left for a job with the Rockefeller Foundation. Between 1944 and 1960, Borlaug dedicated himself to increasing Mexico’s wheat production.
In 1963, Borlaug was named head of the newly formed International Maize and Wheat Improvement Center, where he trained thousands of young scientists.
Borlaug retired as head of the center in 1979 and turned to university teaching, first at Cornell University and then at Texas A&M, which presented him with an honorary doctorate in December 2007.
“You really felt really very privileged to be with him, and it wasn’t that he was so overpowering, but he was always on, intellectually always engaged,” said Dr. Ed Price, director of A&M’s Norman Borlaug Institute for International Agriculture. “He was always onto the issues and wanting to engage and wanting your opinions and thoughts.”
In 1986, Borlaug established the Des Moines, Iowa-based World Food Prize, a $250,000 award given each year to a person whose work improves the world’s food supply. He also helped found and served as president of the Sasakawa Africa Foundation, an organization funded by Japanese billionaire Ryoichi Sasakawa to introduce the green revolution to sub-Saharan Africa.
In July 2007, Borlaug received the Congressional Gold Medal, the highest civilian honor given by Congress.
He is survived by daughter Jeanie Borlaug Laube and her husband Rex; son William Gibson Borlaug and his wife Barbie; five grandchildren and six great-grandchildren.
They asked that in lieu of flowers, donations be sent to the Borlaug International Scholars Fund. It helps students from developing countries pursue graduate studies or short-term experiential learning activities at Texas A&M or other land grant universities in the U.S.
Plans for a memorial service to be held at Texas A&M were pending.
With all this talk about the end of the western way of life why has there not been any attention given to what might happen when it does end. Lest us not forget that the US is child nation (although it has become a big bully of a child) that has never experienced such a threat to its future since the civil war. When taking into account that you have the only superpower with the military capability to take on the whole world (conventionally let alone the WMD’S) combined with the mentality of of a childish bully. How can anyone see this ending without some kind of scorched earth tantrum wiith the world’s most advanced and largest nuclear arsenal. I know it is a scary thought to think what might happen afterwards but surely it still has to be discussed.
@frances snoot … ” Specific WebBot September prediction:”
19th. Sept. eh ?
http://jessescrossroadscafe.blogspot.com/2009/09/h-top-and-iron-cross-on-weekly-dollar.html
@Supergeek:
I THINK THE CAP-LOCK MECHANISM IS A VIRUS SET UPON US BY THE LIZARDS.
I AM A HAPLESS VICTIM.
@Youri:
The authoritahs are now saying not to call it swine flu. I think the correlation between the 1976 vaccine program and the new vaccine is something they want to avoid:
http://pagingdrgupta.blogs.cnn.com/2009/09/11/stop-calling-it-swine-flu/
Remember the BBC article that said that people were giving the virus to pigs? Or the Mexico pig farm connection, Smithfield? Well here’s the disclaimer for all the nonsence they spewed:
This virus – and this story – may fade away, or it may grow. At this point, as our correspondents are saying, we simply don’t know. I hope that our reporting in the past few days will help you make sense of what emerges in the next few days, whichever way it develops.
http://www.bbc.co.uk/blogs/theeditors/2009/04/swine_flu_coverage.html
I found the face mask pictures to be the most demeaning for anyone with intelligence knows the face mask does not prevent contagion to the person wearing the mask.
Maybe the story is wearing a mask as well.
@Frances,…….Re : Web bot,……soothsayers,.! ,..you’ve gotta love em’,..where do I place my silver dollar?
You’ve got to wear a pig mask,…..(kinky)!
@youri….. you miss understood my comment… it was in reference to this in the previous text
The AP also reported, “The numbers were picked in the standard random fashion using all the same protocols,” said lottery spokeswoman Carolyn Hapeman. “It’s just the way the numbers came up
You are absolutely correct in every statement you make…and no I am very fond to Alex and many others…..
And yes all the majors are propoganda machines with no question…..they work as not withholding truthful info but by minimizing pertinent information and maximizing impertinent information….it really is that simple….. so yes…. you will read truthful information by the entity controlled media machine…. but minimized and often with mind directing reference as to validity etc etc for misdirection.
Anyway…. I am in agreement with everything you say so I think you miss understood me……. was just making reference to AP response to the coincidence which is “its just the way the numbers came up” yea sure…… the odds are ASTRONOMICALLY AGAINST THAT HAPPENING!
The odds are much more in favor of manipulation when holding the knowledge of how powerful the enitity is and their agenda.
@Youri:
The way we differ is this: I believe in true, you believe in truth. I believe that truth is an objective fantasy; truth only exists in a person’s mind. That is true: true is the subjective agreement with a stimulus.
I am heresy.
You are platitudes.
Stacy, I thought I’d let you know that your download site is blocked by QTel, the Qatari telephone company. What have said to upset them!
@DR M.A. Rose – that’s interesting!? Maxkeiser.com is obviously not blocked, just Archive.org . . . have no idea why they would be blocked; other than that they allow for the posting of all sorts of media content, so perhaps some media content unfavourable to the monarch was posted there?
@stacyherbert …Website Blockage
No problems it seems !
http://www.herdict.org/web/explore/id/7778
This site has been reported inaccessible 2 times around the world.
This site has been reported accessible 6 times around the world.
This site ranks 1,507 out of 2,524 reported sites.
Country Inaccessible Reports Accessible Reports
All Countries 2 6
Germany 2 1
Canada 0 2
China 0 2
United States 0 1
Mike makes some very good points but avoids using the “verboten” terms that directly apply to world banking: it’s run by a handful of Jewish bankers. That’s not “anti-semitism”, it is undeniable Reality. And it has been thus since the creation of the Bank Of England more than three hundred years ago. Hell, even the Roman Empire with it’s coffers emptied by half-assed invasions (kinda like Iraq and Af-Pak today) had the Caesar’s turning to Jewish merchants for financing.
In support of this Banking Empire you have the major “think tanks” – i.e. Global Policy Makers – CFR, Bilderburg, Chatham House, RAND Corp, Ford and Rockefeller foundations, etc, whose numbers are made up of mostly Zionists, who, contrary to popular belief, don’t even give a shit about their “own” tribe.
They number, at the most, perhaps six thousand people. Very rich and/or very powerful people whose sole objective is to eliminate the troublesome Middle Class – the obstacle to their designs for World Government. And they don’t really give a shit where that seat of power is located: “Give me control of a nation’s money and I care not who makes her laws.” – Mayer Amschel Rothschild. He might have added, if asked, “nor do I care which puppet nation helps me to achieve this”.
They’re in it for the long haul. Their present obstacles are Russia, China, Iran, rising populism of the endlessly oppressed, namely South America and the rising African continent, and the middle classes of the world. They’re method of breaking down these barriers are tried and tested and true: divide and conquer. It has always been thus.
After supporting the US empire’s post WWII enterprise that saw the direct military and economic overthrow of 50 nations’ governments and that many more destruction’s of popular leftist movements, the slaughter of more than hundred million lives, and the control of nearly ALL higher education institutions tasked with creating the future torch-bearers of the “cause”, they are now surrounded on all fronts with the game changing Information Culture of the internet. That’s why the water-bearers in Congress will, later this year force through Internet control legislation sponsored by none other than CFR laureate Rockefeller and his bribed and/or blackmailed stooges (greedy simpletons) in “elected” office, hand picked retards bought with trinkets and delusions of power – greed.
But Russia and Asia and the newly liberated South, they didn’t foresee that scenario. They’re plot to quietly “liberalize” Russia after it’s “collapse” died when Putin restored the state, they’re plan to bring China under it’s neo-liberal wing also failed, and nation after nation have grown suspicious.
I predict Turkey will be the first nation to secede from NATO, followed by France – once they dump Sarkozy – followed by Germany once Merkel is ousted, will follow. That will start the chain reaction: Iceland, Norway, Finland, Sweden will follow suit and that will be the end of both NATO and the EU.
It took them 50 years to create the EU and the Euro, it’s a house of cards ready to collapse into it’s own vile footprint. It will take less than ten years to kill this Frankenstein.
Unfortunately it’s going to take a billion lives or more to usher in the new age of bankerless control and a return to political and economic sovereignty.
It’s no accident that when unemployment goes up so does the stock market – that alone reveals the perversity and evil of the “free market”.
The key to killing their power – and hopefully lynching the culprits – is the collapse of the USD and it’s subordinate cohorts, Japan and the EU/NATO frankenstein. That’s what *I* call “Creative Destruction”.
And the worst of the dollar hegemony system is that in times of “crisis” transnational corporations, without exception, utilize “capital flight” from emerging nations, destroying their economies, and further the agenda of neo-liberal “reforms” to entice them back, further wrecking their economies and dependence on the World Bank/IMF Vampires and Parasites of the International Banking Ruling Class. It’s a death vortex leading to perpetual dependence and peonage and tribute-paying to the empire. It is pure evil.
Now, nearly four centuries Plutocracy is coming to a well deserved end.
Unfortunately it’s going to take a billion lives or more to usher in the new age of bankerless control and a return to political and economic sovereignty.
Huh?
You got a plan man?
Because the collapse of the dollar system is being orchestrated through the BIS empire. This isn’t chaos for the bankers: it’s going to be business as usual.
@Ilya – this so-called “undeniable reality’ is in fact fantasy; it is modern paranoia based on ancient facts from a time when religious authorities used to dictate how economies were run and most bankers were forbidden to charge interest; it wasn’t until hundreds of years later that the merchant class in Europe forced the Vatican to find biblical justification for getting in on the compound interest game; and then two of the major religions were in on the game.
So where I think the fantastists are right is that usury and compound interest and unmanageable debt are indeed a major problem with how we now govern our economies; but where they are entirely wrong is that it has anything to do with religion (in the West). I know many bankers and none of them are religious. Nor do any of them belong to a cabal of religious people. Most of it has to do with luck at being in the right place at the right time to land a job on the right desk of the right investment bank where theft via ‘investment’ offerings is legal. This becomes a self-perpetuating system. You do not need a cabal of powerful daddy men. Ponzi schemes are furthermore self-perpetuating because so many people / victims believe they can get rich quick. Look through hundreds of years of history ever since these alleged religious cabal took over banking and you will also see that entire populations get high on tulip bulbs and south sea bubbles and electrons. Populations are eternally easy to steal from so fraudsters will eternally call themselves bankers and rip them off.
And by the way, the only religious cabals I have seen in the last few years is the neo-cons using evangelicals for some military industrial complex ends.
Another great show guys…this by far is your best format…gives you time to talk and explain your ideas. And have a laugh!
Just want to mention, l saw Arundhati Roy this week at a talk in Berlin. Power and Profit…was her main theme. If you have not heard of her please check out her writings and/or talks.
And by the way, the only religious cabals I have seen in the last few years is the neo-cons using evangelicals for some military industrial complex ends.
RIGHT ON STACY!!!
Because the collapse of the dollar system is being orchestrated through the BIS empire. This isn't chaos for the bankers: it's going to be business as usual….
@frances snoot – thanks
I’m just tired of these tired conspiracies that detract from any real conversation about what is really happening today. And that all those conspiracies use such a uniformity of phraseology and words it makes me wonder if that is the intent.
@Stacy:
This site has helped me immensely to see things in a non-cult perspective. Being American, it is easy to get caught up in the blindness. You were right about the insurance companies behind the health care protestors. There are a lot of useful idiots running around in America: seems like a nation of groupies.
Thanks for being open to allowing us to post all our stuff without censoring!
YOU AND MAX ARE TOPS!
EVEN MIKE KING ALTHOUGH HE HAS PASSED THE CAP TORCH TO ME.
@frances snoot – and yet just because the health insurance industry is behind quite a bit of the protests, either directly or indirectly (ie like planting comments on discussion boards, etc.) it discredits what could be legitimate concerns that should be debated; the US is a giant nation with rather large cultural differences between different regions so their healthcare solutions are going to be perhaps different from what is on offer elsewhere and this will have to be discussed and debated, but clearly the health insurance guys are going to create this air of hysteria that avoids any adult discussion from taking part
@Stacy:
Agreed.
Under your serfy scenerio, I would prefer work in the stables.
@Stacy:
Why doesn’t Max explain to the uninitiated about some of the trickier aspect of economic terminology: specifically “puts”. I would benefit greatly from some of his expertise on these subjects.
And don’t forget to get the Queen’s Pussy comedian on the edge!
@frances snoot – Max did explain put options in this Truth About Markets: http://maxkeiser.com/2009/09/09/1058-the-truth-about-put-options/
@stacey:
I feel somewhat offended that my response to your response to what i said didn’t pass “moderation”. You accused me of things that were not part of my post – you ASSUMED things about what I was saying and did not allow my rejoinder to be posted.
Assuming this post passes “moderation”, the gist of my response was that i NEVER implied a “religious” “cabal”: I, in fact, implied an Irreligious cabal of banking interests who are almost all Zionists – “Zionism” has NOTHING to do with religion – but with USING religion in the “Western” Christo-thinking to achieve certain financial ends.
On this site I have never offended ANYONE, nor have i spread lies or propaganda…so why was my recent post not published???
If you don’t like what I have to say, or disagree with my opinions (far more informed than your average bear, btw) then say so and I’ll leave.
the bankers are just tools.