[1065] The Truth About Markets – 03 October 2009

Posted on October 3, 2009 by stacyherbert| 79 Comments

Stacy Summary: More content for you! The Truth About Markets, Resonance 104.4 FM.

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79 Responses to [1065] The Truth About Markets – 03 October 2009

Carol | October 8, 2009 at 12:05 am |

This Bloomberg report makes me think of Max’s rifs on “financial terrorists” — we’ve got them in Britain, too.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aMfETcYI2t7Y
Mark | October 6, 2009 at 9:46 am |

I agree that real interest rates would fix some of the issues, but you still aren’t getting to the absolute source of the problem. Our debt-based money is the issue. It needs to be completely replaced by REAL money or government issued credit. With how laughable our US government has been in the past century, I’d opt for REAL money (precious metals, basket of commodities, etc.). This is the real root.
John Speirs | October 6, 2009 at 5:50 am |

Bobby Sands????
dave p | October 5, 2009 at 10:31 am |

“Revolution only starts when people are starving” – I disagree, revolutionn only starts when there’s hope which the present authorities are frustrating. Brits don’t do hope, they just bumble along doffing their caps and colluding with the toffs to exploit those even worse off than themselves. It’s our way, dontchaknow.
Nat | October 5, 2009 at 8:15 am |

Awww… I was going to answer, we should all go back to our squats, make music and smoke a bong – everyday life for us resonance listeners and see what happens to the rest of the world while more and more people join us.. Then I would have said governments should give out pasties.. Then, as the answer was revealed, I just said ‘oh yeah, that’s what max had been saying all this time.. I remember now.’
david | October 5, 2009 at 5:56 am |

OK my second answer would have been interest rates.
david | October 5, 2009 at 5:55 am |

My answer is Cornish Pasty’s
Chalcedonite | October 4, 2009 at 10:52 pm |

This “Yes” vote will expand the pool for the military forces as stockbroker bouncers.
Bill Stewart | October 4, 2009 at 6:07 pm |

If you strictly look at the American Police Force logo problem from the perspective of private American security intelligence services — its a bad logo.

The organization added the word “Private” too late. It should have been added in the beginning.

Only a variation of the logo of the “Black Hand” organization that had ties to the assassin of Archduke Ferdinand would be truly suitable for a private security intelligence firm. That logo however is rather mundane.

The irony here perhaps is that most of the Serbian nation was chased into Albania during the coming of Winter 1914 — the loss of life was horrendous. This has coloured that aspect of Balkan geopolitics ever since.

Using a Serbian shield, even post Cold War — implies direct ties to Moscow. That symbolic tie is too bizarre to be helpful.

Mind you, I have never had a class in marketing — but most marketing students would be even less amused than I am.
steve | October 4, 2009 at 5:49 pm |

love your show…keep it up Max and Stacy!!
John Henry | October 4, 2009 at 5:45 pm |

Hi Stacy and Max,

I would like to make a request. It has to do with the MP3 tags.

If you would like you can add meta tag information to the MP3 in iTunes. You can even add a picture. I add this information to each MP3 so it shows up properly.
Gerry | October 4, 2009 at 4:21 pm |

@More content for you!

I can’t help picturing Stacy as a merry zookeeper with a pail of raw meat.
Mep | October 4, 2009 at 3:15 am |

@ rene – The way that I look at it, when the people are starving, those who are starving them beg for a dictatorship. Or at least seek out new ways of using public money for their own protection against the rabble: http://www.americanpolicegroup.com/vip.html
rene | October 4, 2009 at 3:02 am |

@mep.

No when people are starving they are begging for a dictatorship. Look what’s happend in Ireland and ask for a police state.look whats happend here in Europe en the US.
Chalcedonite | October 4, 2009 at 2:35 am |

Worth a read: A Free-Market Guide to Fixing Healthcare http://mises.org/story/3737
Phil | October 4, 2009 at 2:33 am |

Congress poised to act swiftly on Iran if needed

http://news.yahoo.com/s/ap/20091004/ap_on_go_co/us_congress_iran_sanctions

.. MSM S&A ( shock & awe ) as usual !
Jim ODonnell | October 4, 2009 at 2:25 am |

Max On Gold

Things to look for when gold is making its ultimate top:

• Bill Murphy, minus any censoring, is a regular guest on CNBC
• Barron’s has an issue with two articles on gold
• Abbe Joseph Cohen turns bearish and announces that 50% of her money is now in gold-related assets
• A CNBC host is heard recommending gold
• The New York Times runs a major front page headline highlighting the price of gold and its price chart
• Jim Sinclair is chosen “Man of the Year” by Time magazine
• Gold is the lead item on the national news every night for a week
• Wal-Mart announces they will begin to sell tiny amounts of gold
• Jon Nadler starts a fashion craze wearing gold lamé suits, and, in an announcement that shocks the financial world, reveals that he is starting a round-the-clock precious metals channel. Another coup is that Dennis Gartman and Leonard Kaplan will be his featured analysts.
• Your local jewelry store takes down its “Cash For Gold” sign and replaces it with “We Sell Gold”
• In a recent poll, Yale and Princeton grads reveal that their top career choice is to start a gold exploration company
• Goldman Krupp, correction, Sachs, changes its name to Gold and Silver Sachs
• An enterprising young Gold and Silver Sachs executive comes up with an idea of franchising gold coin shops
• Bill Murphy is frequently seen dining with mainstream Wall Street executives, and “Midas” sightings — as he is known throughout the world — become commonplace in the gossip columns
• Brokerage houses and banks fire their financial analysts and frantically start gold research departments to cash in on gold mania
• Some of your friends or relatives call you to recommend some gold stock that you must buy, and inform you that they are now up 50% in their gold stocks
• All mainstream gold forecasters raise their gold price target by $500 for the year
• The Association of Gold Trading Advisory Services, formed in March 2010, publishes a 15-page apology on the internet. In brief, the document apologizes for the years of predicting near term tops and missing 90% of the entire move in gold and silver. They are now long-term investors and predict that a tradable top is not in sight
• The Donald builds a series of “Trump Oros” in the Sierra Madres for Mexican miners
• In one week, 15 new movies connected with gold are announced to be ready for production
• A remake of the movie Goldfinger features Sean Connery’s grandson as Bond and Jon Nadler as Auric Goldfinger. This time, the villain gets away with the gold and Bond is accused of the theft. Goldfinger is actually filmed inside Fort Knox, which, since it was discovered to be empty of gold, becomes the world’s largest production set. As an aside, the guards at Fort Knox were falsely accused of the gold theft but convicted anyway in a secret trial. During their defense, the guards claimed that there hadn’t been any gold there for over 30 years.
• Golden Fleece, current market cap $7.6 million, tenders a friendly offer for Barrick Gold, which immediately snaps it up as it tries to pare down its still-monster hedge book.

From this link:

http://www.rickackerman.com/2009/10/22-things-to-look-for-when-gold-is-topping/
Mep | October 4, 2009 at 2:12 am |

Sorry for posting again . . . just came across this:

http://www.americanpolicegroup.com/competitors.html

WTF??? This has to be a bad joke. Or they’re trying to screw with us all. Or else they’re even creepier than we think.
Mep | October 4, 2009 at 2:06 am |

It doesn’t look like the American Police Force is going away. I just checked, and they have redone their site . . . changed their name to the American Private Police Force, got rid of the Serbian shield in favor of an ambiguous looking blue shield, and they changed their content:

http://www.americanpolicegroup.com/index.html

I’m sorry, but these people can’t stay.
stacyherbert | October 4, 2009 at 2:05 am |

@Mary Kapadia – and as long as they can keep house prices rising for those journos . . . they will continue to write that there is no class structure for they think they are rich just like the aristocracy . . . so ipso facto, there must be no class structure if they too can be so paper rich
stacyherbert | October 4, 2009 at 2:03 am |

@Supergeek – I second that; I think, for the most part and there are exceptions, it is more individuals than a set of people
Supergeek | October 4, 2009 at 2:01 am |

@marietta
yeah…I think we all know what italians are like but isn’t it some kind of a paradox…generalising about which race is more racist than others???
reminds me of the chris rock line about…who is more racist black people or white people…answer black people because they hate black people too!!!
no matter what you do or where you are we are all human!!!
Mongo | October 4, 2009 at 1:43 am |

Third times a charm for Ireland.. ah well.. give me that f-n RFID chip so we can get this s*** over with!

So tired of these politicians who lost their sanity when they got the smell of the lobbyist money.

BAH!
Mep | October 4, 2009 at 1:37 am |

@ Mary – “Revolution only starts when people are starving!” And nowadays when revolutions start, we call the hungry “terrorists” to excuse ourselves for murdering and detaining them.

@ Max – About the whole “Grayson should not have used the word holocaust” thing, some lefties are more sensitive than others about it because they think that it minimizes in some way the atrocity that was the holocaust, and they don’t want to offend anyone by just throwing the word around. Personally, I liked that he used it. At some point, all of the “representatives of the people” need to have those 44,000 deaths per year linked to them. They constantly exploit the patriotism of the public by reminding us of the 3,000 + who were killed on 9/11, but yet they expect to be let off the hook for sitting back and letting 44,000 people annually needlessly die. Worse yet, they never apologized for letting us get hit, lying us into war, and sending our friends and family members off to die in these bullshit occupations, but somehow, they think they should be apologized to for having deaths appropriately laid at their feet.
mark/berlin | October 4, 2009 at 1:25 am |

Max & Stacy Live! I would go to see that.
Mep | October 4, 2009 at 1:23 am |

@ Scott – The humble paradise that you describe sounds nice, but Oregon is a state. As a country, the US is in horrendous shape. If you look just at our gini coefficient, we look like we’re on the path of becoming a third world country:

http://www.sustainablemiddleclass.com/Gini-Coefficient.html

Trend data depicting gini coefficients of countries from 1950-2000:

http://en.wikipedia.org/wiki/File:Gini_since_WWII.gif

(Go, France!)

@ Stacy or anyone else who can answer – What in the hell are they doing to the NHS? Wouldn’t partial privatization just increase cost and create future problems?
Supergeek | October 4, 2009 at 1:16 am |

@mary.k

I just had this kinda vision of..the revolution starting in a not too distant future and a ‘poor’ me shouting “Rise Up” so loud my denture flies out…and I have to scratch around on the floor out of breath (coz I don’t have my inhaler) unable to find my plasic teeth coz as I am as blind as Mr Magoo without his glasses….and end up being trampled on by fellow rioters..but otherwise up to the ‘crumbs off the table’ part I agree with you!!!
larry | October 4, 2009 at 12:22 am |

http://www.youtube.com/watch?v=7_20uXthUp0 ces is back , every site town needs one of these , resident drunk or commentator [ ces was one of the first on you tube to share his thoughts on DSB Bank and dirk scheringer ] this time ces gives us a very sobering assessment of local politics in netherlands as ces attempts to climb back upon the wagon .[ ces makes a spectacular sideways entrance.]
Mary Kapadia | October 4, 2009 at 12:14 am |

You are completely right about the class structure in the UK – usually denied by affluent writers for the mainstay newspapers. There are no riots here because we are all clients of the state – crumbs keep falling from the rich man’s table – pensions, dole, free prescriptions, etc… You are even paid to attend a free college! Revolution only starts when people are starving!
Zach OBrien | October 3, 2009 at 11:47 pm |

Hard currency.
Max Power | October 3, 2009 at 11:05 pm |

==============
It is a shame that this corrupt a car corporation could make this kind of mistake, but this is indeed a common mistake.
==============

GM faces car-name conundrum

http://www.cbc.ca/consumer/story/2009/10/02/gm-car-names.html

GM will adopt the controversial name LaCrosse for its redesigned Buick this year, potentially saving millions in ad costs but risking fall-out in Quebec.

That’s because LaCrosse is slang in Quebec for pleasuring yourself.

When GM first debuted the $40,000 sedan in North America in 2005, the company changed the name to the Buick Allure for the Canadian market after someone pointed out the name’s prurient connotation in French.

But with a redesigned model debuting this year, the ailing auto giant has adopted the LaCrosse name for Canada too.

GM hopes Quebec customers will hear the name and think of Canada’s national summer sport and not the other thing.

“It was in fact our dealers in Quebec who wanted the name changed,” says George Saratlic, a GM Canada product communications spokesman.

“They saw little down side to using the LaCrosse name in common with the U.S. and recognized the huge upside in terms of the enhanced advertising support that could be derived from the LaCrosse name and creative work done for it in the U.S.”

This is hardly the first time a carmaker has been tripped up by an automotive double entendre.

Other double entendres in the automotive world:

Mazda’s Laputa is Spanish for prostitute if the syllables are separated.

Honda reportedly ditched the name Fitta for its latest subcompact — going with Fit instead — because in Scandinavian countries it’s a rude word for a woman’s private area.

Pinto, Ford’s infamous subcompact, is Spanish for a small spotted pony but also Brazilian Portuguese slang for penis.

It happens all the time, says Ira Bachrach, founder of NameLab, a San Francisco-based branding consultant that numbers major car companies as clients.

“You sit in a room and there’s always some guy in the back who says that means sexual perversion in Nicaragua,” said Bachrach.

“Most companies ignore it or at the very worst they do research to see whether … it’s generally perceived in the audience they care about and … whether it’s relevant, whether the audience really cares.”

As for the LaCrosse, Bachrach says it’s probably an improvement, marketing-wise, from Allure. Feminine car names are not good for sales, he said, even among women, and likely the real reason behind the name change.
Richard@lattitude30N | October 3, 2009 at 11:00 pm |

@larry: thanx for the webbots post..Clif High has an interesting take on world events through predictive linguistics…better than Ms Cleo..
larry | October 3, 2009 at 10:09 pm |

http://urbansurvival.com/week.htm from ‘urban survival ‘,webots update from cliff and hugh [ concerning likely Oct 25 th bank holiday etc ], i guess we’ll get to tick this one off the list or not ? we’ll just have to wait and see ? not long now. more black swans coming home to roost ,apples on the vine …..
Mishopshno | October 3, 2009 at 9:20 pm |

Tony Blair, President of Europe! I knew I was right about Roman Polanski!!! Have either of you read The Ghost? the novel that his current film is based on? Its’ about Tony Blair is a CIA agent. Written by someone who knows him .
Tansul | October 3, 2009 at 8:54 pm |

@marietta: Is Peter Joseph interviewing Max for Zeitgeist 3? That’s the first I’ve heard of this…
moofree | October 3, 2009 at 8:53 pm |

Nitpick Re: 10:19 Barney Frank is the head of the House financial services committee, not the Senate.
John | October 3, 2009 at 8:22 pm |

MAX RULESSSS!!!!!!!!!
marietta | October 3, 2009 at 8:14 pm |

@mike liverpool
Chat reffing my own city/state would be only logical because I know it best. I can’t ref a lot of other places if I haven’t been to those places. My only understanding of them would be from TV, newspapers, web and until you’ve actually lived there, I don’t think you really understand what they’re all about.
Here’s an example:
Max talked about racism in the US and how everything related to status can be explained by rascist attitudes. Well, I can give a different perspective having grown up in the Chicago area in the 60s and 70s. The most racist people I knew growing up were European immigrants and their first generation American children. This includes all my own grandparents, greatgrandparents (born in Italy), parents and their sisters and brothers (born here). We lived in a suburb of Chicago that had many 1st and 2nd generation immigrant families (Irish, German, Italian mostly), other families that had been in America for many generations and no longer had a specific ethnic identification, and white Southern families that had moved north for jobs (same as African Americans had done during the 40s and 50s). During the 70s, as African Americans became more affluent they started moving out of Chcago’s south side and west side slums. As soon as they reached my little West suburban town my family pulled up stakes and we were out of there. So did most of the Irsh and German families. The ones that stayed were the Southern whites and familes with much longer histories as Americans.
I also lived near Houston TX in the late 80s. Houston had a lot fewer European immigrants than Chicago at the time but the black and white communities were much more integrated. There were a lot more inter-racial couples too although that has been changing in Chicago as of late.
Right now I live in what would be considered an upper middle class community. We’re out in the exurbs about 1.5 hours from Chicago, pop. 25,000. The 3 neighbors across the street are black, Russian, Chinese. Next door is another Chinese family. On the other side is a Serbian family. There’s a mosque and a Greek Orthodox church up the road.
So from my perspective, America is not as rascist as Max would make it out to be.

Now, I would never presume to know anything about racial attitudes in Europe.
What can you guys share about where you live? Do the races easily mix?
I do have one story from an interracial couple I know. They went to Paris about 5 yrs ago. They were walking around holding hands and a native threw eggs at them.
Scott from Oregon | October 3, 2009 at 7:50 pm |

http://www.youtube.com/watch?v=AZKN0WfX9YE
Scott from Oregon | October 3, 2009 at 7:40 pm |

Oh good lord, Max!!

Now you’ve wrankled my foreskin!!

I’ve been to France and I’ve been to the far reaches of the earth…

We have a pretty good lifestyle here in Southern Oregon. Good people… Good food… Lots of trees and fresh air…

I buy my food from local growers (and if I so desired, my pot…) My sausages are made right down the road from livestock raised just down the road… I am surrounded by organic vineyards and fruit orchards…

It is so quiet here I can hear when my neighbor (who is about two thousand yards down the road) changes channels…

If you like staring at art and drinking in a cafe, then maybe France is for you… If you like cavorting with bears and climbing trees… Well then, my neck of the woods is perfect for you…

But please don’t hammer away at my home and my peeps without realizing that you are losing a potential audience.

We folks around here will be minimally affected by the great American humbling because we are already humble and reasonably self-sufficient.

As for “raising the interests rates. Yes. That AND prosecuting FRAUD and getting rid of the scams and frauds.

An honest capitalistic system will prevail if you let it…
gb | October 3, 2009 at 5:37 pm |

at 36:45
gb | October 3, 2009 at 5:26 pm |

max you quoted a song from my fair lady!
gb | October 3, 2009 at 5:17 pm |

@max k.
nice that you stood up for aj.
he’s much more accurate than MSM.
Mike/Liverpool | October 3, 2009 at 5:08 pm |

Marietta
Love to chat ref your home town?
Mike
Youri Carma | October 3, 2009 at 5:00 pm |

Yep, Doctor Copper is back Jack!

Copper Prices Tumble to Two-Month Low as U.S. Job Losses Climb http://tinyurl.com/ybdrgrh

Copper-Aluminum Ratio Signals Copper Drop: Technical Analysis http://tinyurl.com/y8ugona
BULL VON SHITSKi | October 3, 2009 at 4:59 pm |

Re: Sweden’s nationalised car industries
http://tinyurl.com/y9urtmq
http://tinyurl.com/y8euwde
Youri Carma | October 3, 2009 at 4:47 pm |

Ladies and gentlemen, your President is a robot.
http://spiegelman.tumblr.com/post/196636529/ladies-and-gentlemen-your-president-is-a-robot
Youri Carma | October 3, 2009 at 4:40 pm |

Talking about everything is fake in America:

http://pictureisunrelated.com/wp-content/uploads/2009/04/wtf-pics-obama-robot.jpg

That would explain why Obama can’t show his birth cerificate cause robots have non. They only have a serial number.
Youri Carma | October 3, 2009 at 4:28 pm |

Do I smell socialistic Commi stuff LOL

Actualy the most socialistic country of Europe is the most richest country of the world, Sweden. The build their own Army airoplanes Saab Viggens, the started Volvo, Saab, Ikea. So indeed Americans are fed up with the idea that socialist is curse word.
marietta | October 3, 2009 at 4:08 pm |

@mike liverpool
I agree that it is simplistic to state that France is the “greatest” country in the world.
The prison system seems to be deplorable:
http://www.expatica.com/es/news/european_news/Crowded-French-prisons-to-get-anti_suicide-_kits_–_55886.html
(I know the US prison system is also deplorable!)
But no country is perfect, maybe just less imperfect.

By the way Max, here in Chicago all the museums have at least one night per week that are free to the public so that’s not so unusual.
Collpaso | October 3, 2009 at 4:07 pm |

Raise funds rate
Ozzie Pete | October 3, 2009 at 4:01 pm |

@Max,
don’t forget us dudes down under, we are the obligatory commodity whores…
As much as France is a nice place to holiday, at least OZ has a realistic group of economists running the Reserve Bank, interest rates are on the up.

OP
rich | October 3, 2009 at 4:00 pm |

‘Whoohoo!’
rich | October 3, 2009 at 4:00 pm |

‘Raise those damn interest rates!’
Phil | October 3, 2009 at 3:45 pm |

IS AMERICA TELLING BRITAIN TO GO TAKE A HIKE FROM A PERMANENT SEAT ON THE IMF ? .. I wonder ?

Alistair Darling battles to keep UK on the world’s economic top table

Britain will not give up its permanent seat on the International Monetary Fund (IMF) without a fierce battle, Chancellor Alistair Darling indicated on Saturday as he fought behind the scenes to safeguard Britain’s prominence on the world economic stage.
..
..

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6257788/Alistair-Darling-battles-to-keep-UK-on-the-worlds-economic-top-table.html
BF Skinner | October 3, 2009 at 3:44 pm |

I wouldn’t go to a museum even if it were free.
marietta | October 3, 2009 at 3:35 pm |

@stacy and max
Speaking of movies, have you guys been interviewed yet for the next movie by Zeitgeist director Peter Joseph?
Mike/Liverpool | October 3, 2009 at 3:28 pm |

Max “France is best”
WHAT!

Health service may be, Whores may be……..But the British or Germans leather them in WAR. The young go out & Burn cars out every night…(Well French cars are CRAP)….& they don’t speak English!

Lets not forget Whom sank the Rainbow Warror!

Mike
Dedo | October 3, 2009 at 3:18 pm |

@Daniel S,..Here’s a more condensed explanation :

systems in nature to our understanding at present are self regulating, where as systems perpetrated by humans are conscious experiments.
The right or wrong in a system is purely a subjective standpoint based on ones time and culture. : )
DAN J | October 3, 2009 at 3:17 pm |

BUY Gold Raise interest rates.
Gerry | October 3, 2009 at 2:57 pm |

Rigging elections or going through the motions for ‘democracy’…

There is a pervasive pattern here – economically, politically.
Gerry | October 3, 2009 at 2:55 pm |

Maybe the UN observation teams overseeing the Afghan election can swing across to Ireland next.
Daniel S | October 3, 2009 at 2:49 pm |

Max was talking about synthetic vs natural systems once and in this show he talks about France’s economy benefiting from State and Private business working side by side. I wonder if part of the problem with America’s economy is with their citizens’ misunderstanding of natural systems in the first place.

The theory pitched about natural systems in the West is one of exaggerated competition and predation with animals more fittingly described as scavengers of the living, described as ferocious, dominant predators. There is far more cooperation than the common view recognizes. In my own observations of nature, while competition tends to be loud and very readily noticed and remembered, in the day to day interactions between both the same and differing species of animals and plants, I see far more cooperation than competition. When observing birds, survival of the best listener seems more fitting than survival of the fittest. Plants protect each other from; the wind (thus retaining more moisture and heat), pests, water erosion, etc, while often feeding and sometimes physically supporting each other.

What better way to set people up to fail than to build a synthetic system on top of the real one (natural) while the population doesn’t understand that underlying natural system to begin with. You end up with a society of wanna-be dominant predators, (that largely don’t exist in nature, and tend to be disruptive and damaging where they do). Then when it yields disaster on a personal level, it is viewed as a personal failure. When it yields disaster on a broader basis, it is viewed as fated because of the human condition. And all the while, the criminals profiting in the system are hated from a jealous perspective (I wasn’t invited to the party) while on another level, admired for their “success”es as predators.
marietta | October 3, 2009 at 2:29 pm |

Interesting article:
“Another Crash is All to Possible”
http://www.voxeu.org/index.php?q=node/4042
The Chinese point out to the Central Banksters and Obama Adminsters that the top 10 banks’ salaries for ’08 were 75B while payouts to shareholders were only 17B.
Max was right, we’re all suffering from Stockholm Syndrome.
yawner | October 3, 2009 at 2:01 pm |

well… that one really fell off a cliff at the end. You (I’m pointing at you Max) need to pull your sh*t together. Acting like some blathering idiot dilutes your message and you’re doing a disservice to everyone. 20% of mumbo that you yammer on about discredits the 80% that is spot on.

Stacy… you’re doing a great job. More Stacy please.
Daniel S | October 3, 2009 at 1:44 pm |

Ah crap, I thought he was gonna say they need to set up a global banking regulator that will audit all the banks simultaneously, let the busted banks go into bankruptcy, and uh, return to some kind of gold standard. Interest rates! darn it!
Photoception | October 3, 2009 at 1:27 pm |

Raising interest rates might actually help raise the incomes of the lower class because the speculators will have to get real jobs and stop plundering.

We’ve had ZIRP for almost 1 year now.
I’m worse off today, and Goldman Sachs is better off than ever before.
Photoception | October 3, 2009 at 1:07 pm |

Max is about to say “Buy Gold!”
Tofu Charlie | October 3, 2009 at 1:05 pm |

@Rasta: History is still SO young when it comes to these things… there are some utterly unique things about our situation here…

BLAZIN’ BROCCOLI IN SOLIDARITY, JAH PROTECT!
Phil | October 3, 2009 at 12:41 pm |

BTW … seems like LaRouche Videos are currently being blocked at YT !
FWIW
Supergeek | October 3, 2009 at 12:39 pm |

@maxkeiser.com
cheers for the download looking forward to my fave thing about saturday…nowadays!!!
Phil | October 3, 2009 at 12:39 pm |

France & Gold .. not bad !
Blair leading the EU … is bad !
Phil | October 3, 2009 at 12:16 pm |

A picture is sometimes better than a thousand words :

http://www.erzwiss.uni-hamburg.de/Personal/Lohmann/Materialien/capyr.htm

I would replace “Capitalism” at the top with PTB of course !
Rasta | October 3, 2009 at 12:04 pm |

@Stacy

I know you and Max have been beating the WAKE UP and get active drum for Americans for a while now….but…..just to give you two little factoids….

A) Fascism/Corporatism has NEVER been defeated internally.

B) In a democracy, the citizens have individual rights, but one follows the decisions of the majority. For Ur-Fascism, individuals as individuals have no rights. The People are conceived as a quality, a monolithic entity expressing the Common Will. Since no large quantity of human beings can EVER have a common will, the Leader pretends to be their interpreter. H.a.v.i.n.g. .l.o.s.t. .t.h.e.i.r. .p.o.w.e.r. .o.f. .d.e.l.e.g.a.t.i.o.n.,. .c.i.t.i.z.e.n.s. .d.o. .n.o.t. .a.c.t.; they are only called on to play the role of the People. Thus the People are only a theatrical fiction.

Fourteen Warning Signs of a Fascist State
-by Umberto Eco

ouch
Phil | October 3, 2009 at 12:01 pm |

UKIP slams ‘corrupt’ Lisbon vote

…UK Independence Party leader Nigel Farage, who entered the Irish debate calling for a No vote, compared the Lisbon Treaty referendum with a corrupt election in Zimbabwe or Afghanistan….

http://www.irishtimes.com/newspaper/breaking/2009/1003/breaking34.htm
Phil | October 3, 2009 at 11:54 am |

PS@Stacy .. on the Irish “sudden overnight change” from No to Yes…

Nice comment from that link above :

George Bernard Shaw : “Democracy is a form of government that substitutes election by the incompetent many for appointment by the corrupt few.”
Kim | October 3, 2009 at 11:54 am |

damn
Kim | October 3, 2009 at 11:53 am |

Lower interest rates.
Phil | October 3, 2009 at 11:52 am |

@Stacy .. on the Irish “sudden overnight change” from No to Yes…

An Irish Rebel Says:
October 3rd, 2009 at 7:33 am

I, along with everybody I know voted NO again and people that voted yes in the last vote also voted NO in this second vote. I think the results have been rigged as polls were showing a NO result.

It is the first time in my 38 years in Ireland that ‘PENCILS’ were used nationwide for marking the ballot cards. PENCILS FFS.
All Irish governement forms MUST be filled in using BLACK BALLPOINT PENS – FACT !

http://www.prisonplanet.com/irish-exit-polls-show-yes-majority-for-lisbon-treaty.html

Did they really use “just pencils” ?
Anyone from Ireland here / Danny / David etc. ?