Stacy Summary: “The Demise of the Dollar” story; inflation/deflation and the US dollar and Treasury bonds.
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
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- Mish
- Karl Denninger – Market Ticker
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- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
Why fake a call to Israel? Make the call on your show. Your show is taped, right? Make several calls to various Israeli government offices and get their response. they won’t be expecting what your talking about and you might get one of them to admit what they have,,, The bit talking on the phone then slamming it down was a bit on the cheesy side,,, just my opinion, and i know they’re like A-holes, everyone has got one.
Jim Willie lives in Costa Rica…? hmmm.. Do they have a hockey team there?
More Jim Willie in the future! Encore!
50 reasons Obama should NOT win the Nobel Peace Prize:
http://joshfulton.blogspot.com/2009/10/obama-wins-nobel-peace-prize-hell_10.html
Jim Willie on Zapata George radio…
Second Segment:
http://www.zapatageorge.com/zapatag/web_radio
Wild!
English CCTV catches all.
2 thugs beat down by cross dressing cage fighters for your viewing enjoyment!!!
http://www.youtube.com/watch?v=Hlcix7KfQB8&feature=related
Question to all. Its time for me to begin buying and hoarding precious metal. Does anyone recommend a reputable outfit, what to buy and how to store it???? The premiums by these boiler rooms that adverstise are excessive.
thanks to all,buddhabob
The end of the road is a treasury bond default…the end.
Talk about jim willie interruptus! What the hell will that look like? I can guess because all roads here lead to ugly.
Here is a revised pledge of allegiance inspired by Max.
i pledge my prosperity
to the banksters
headquartered in the united states of america
and to the failing republic
for which the fascist oligarchy stands
one corrupt government
under goldman sachs
inflationary
with ruin and poverty for all
Great show squeeze on gold corruption prosecution manipulation the big six dirt bags why don’t you here $hit like this on CNBC
@phil
oops! forgot the link.. in case you need it!!!
http://tinyurl.com/ybumny8
@phil
I scanned that Vaughan Williams article I read last year…put it on the forum for you or anyone else. (zip file)
@Phil: “why people have children….”……..Yes I have four very hard working young ladies who I brought into this world…and that may have never happened had I not met this “enlightened” German lady with two young ones on a ferry headed to Ibiza in the Summer of 1971…I too had that quizzical feeling about primogeniture…so she said to me that we must have children..”they are the light beings come to earth”…though on it’s face this statement is rather difficult to comprehend for a 21 yr. old ( that was my age in 1971) I find that they are survivors and will master the circumstances they face,,,at least that is my hope…
@Youri carma: a well thought out deflation/devaluation/inflation analysis…I only wish that the eugenics movement wasn’t so entrenched and though we live in interesting times…I would prefer to have a more optimistic populous surrounding me…not everyone will comprehend the changes as they arise and face the black swans as told about by Nasim T……Just after 9/11 Gore Vidal said that America has now come out of isolation and with the attack feels the terror that the rest of the world faces every day…up until that point the troubles of suicide bombers were “overthere”, overseas and tolerated…the two oceans that separate America from the plight of WWI and WWII and Korea, and Viet Nam ( which ended when the TV camera crews brought it to the kitchen dinner hour ..IMO)…and so the deaths in Iraq and Afghan and Pakistan, Palestine and Ruanda and Somalia, and Chad and Darfur and any number of other locales is “over there” until it is felt in the gut of a majority…so the MSM keeps the lid on death and destruction..and very much like the financial coup d’etat and heist( and the backroom lobbying and hijacking of the government ) that we face it is all taking place in the shadows, in the boardrooms, and in secure government offices…far away from view…that is why “transparency” is the call of the day…and that is why it will never be actualized….if it were we might all discover the truth..the emperor has no clothes
@stacey
One of my first primers in Economics. I made the mistake of only studying Marxists was
http://tiny.cc/NpsaH
In it Braverman traces the degradation of labour thus goods
in the twentieth century. I had completely forgotten about it till now. That was 30 year ago.
Thank you for your comment.
There is little said on this subject.
@Youri .. Dutch (& Belgian) history is fascinating.
Why is it that the smaller countries always cause trouble ?
Remember Batavia ? … Bata Via ??
Bata from Saka is an Egyptian bull-god of the New Kingdom, who represents together with Anubis the 17th Upper Egyptian Nome.
http://en.wikipedia.org/wiki/Bata_(god)
@Paul Anderson: “Bargain hunting is doable but everything seems to be getting crappier. Broke quicker etc. smaller in portion.”
I started noticing the same thing but from about 2002/2003 . . . especially with clothes; everything in all price ranges, even European designer fashion, were being made in China without any commensurate cut in price but a definite huge drop in quality . . . consequently, I have mostly stuck to my pre-2000 trousers, jeans and skirts; what’s the point of buying anything new? might as well through the money in the drain
Republic of the Seven United States
We where the first again. Dutch are always the first
The United Provinces first tried to choose their own King, and they asked the Duke of Anjou (sovereign from 1581-1583) to rule them. Later, after the assassination of William of Orange (July 10, 1584), both Henry III of France and Elizabeth I of England declined the offer of sovereignty. However, the latter agreed to turn the United Provinces into a protectorate of England (Treaty of Nonsuch, 1585), and sent the Earl of Leicester as governor-general. This was not a success, and in 1588 the provinces became a Republic.
http://en.wikipedia.org/wiki/Dutch_Republic
@Phil
Yep, I planned this together with Queen Beatrix, good he!
AJ and Tarpley have a tendancy to put the finger at foreigners cause Americans donnow who the heck they are anyways cause Americans have never been interested to look outside their American flight carrier.
Well nobody is perfect.
In fact the Dutch Republic was the first one on earth but because the Republic thought that the country needed some kind of binding figure they decided to bring one back from England. The realy had a meeting about who they could use as king and decided upon getting one back from England. So our Kings house was not like the one in England but in fact installed by the Republic. Strange huh?
Bet your bottem dollar that not many people know this part of this Dutch history.
@Phil
For me… kids can really help you appreciate and live now …. I always knew I would have a daughter… I loved her before she was born… it was just meant to be… maybe I’m lucky… dunno…as I type, to the right I can see the words… Buy Love, Sell Fear… nuff said!!!
Another Karmabanque listener from Wall St comes clean:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6284916/Bear-Stearns-trader-thought-funds-could-blow-up.html
Now, if only he had acted upon the information rather than living the lie… oh well, you can lead the horse to water…..
A comment from the IV-PreciousMetals Msg board wrt to Germany’s Gold Bullion :
…Possession is 9/10ths of the law, and the Fed got it, and no one who is using them as their depositary are getting it back….
Thoughts ?
@Phil
People contemplate having or not having children when things are bad. People have children when things seems cataclysmic.
It’s not a hard rule, but history bares this out. Examples: Black out of NYC had an explosion of births 9 months later. As standards declined in Africa, birth rates increased.
It’s a s survival mechanism of sorts according to theory.
@Youri
@Mother
Webster Tarpley is pointing the finger at the Dutch/English as being the main culprits in bringing the US down .
Do you agree ( being Dutch AFAIK ) ?
The unweighable far out-weighs the weightable.
.:> INFLATION
im 18 and i’ve figured this out.
If flation is a tsunami, deflation was/is the last wave to hit shore, everything shrinks, for a time, but then reality hits.
you can have your cake, and you will/have to eat it.
@A Non … 3rd. option … Yes !
It’s something I’ve posted many times here .. but not much interest shown .. so far.
In parallel to the Obama “Special Internet Powers”, the EU is right now deciding on Govt. control of the Internet in the name of “child porn prevention” . Whether the 2 are related, who knows.
Turning the Internet “off” would be a major blow WW.
We would be totally reliant on (Govt. controlled) MSM TV etc., banking / trading would stop in it’s tracks.
The ATM machines in Europe use of course a different network maintained by IBM AFAIK. I’d expect limits of say 50 Euros per day to be introduced .. in an attempt to stabilize the banks, currency and currency markets while the PTB decides the next move.
JMHO FWIW
@paul
You know I meant it in a nice way… as I was just remembering you had your avatar long before most…as a father myself… ditto… but the fact you are worried is sometimes a really good sign!
@Paul Anderson … ” Recently I wondered what sort of world I have brought my son into.”
Ditto !
Reminds me of something a lawyer ( that works for the German super rich ) said to me in the 80′s : “why would you want children ? … just look at where the world is going !”. His wife is a public prosecutor and thinks the same way .. they would never bring children into “this” world.
Sad -.. and I expect that all serious parents of today are now certainly having similar thoughts.
Taliban-led forces battling U.S. troops in Afghanistan have nearly quadrupled since 2006 http://tinyurl.com/yz8ybgp
Obama can’t be all the shill if you listen to him talks like this.. http://www.youtube.com/watch?v=fwbqmZpSXho
I have been hearing a lot of predictions of doom relating to the Financial market ( which would eventually affect peoples lives). I can now see some dates being finalised. Oct 26th to Nov7 , 2009 is the time when it seems this change will most likely occur.
The question is what will this change be and how will the TPTB manage this? After scouring through the internet I have come up with a nomination list.
1. Assassination attempt on someone big
2. Major problems in Vatican
3. Shut down of the internet.
My favourite to win is the last option. There have been a lot of talk of an upcoming bank holiday. It doesnt make sense as logically this will not be allowed. The only way they can do this is by shutting down the network. This would have an impact on all the parties involved. Stock markets would shut down,banks and atm’s will not be able to dispense cash. This would obviously be blamed on some terrorists.
How will this crisis be used? maybe to bring out a new currency, a new policing of the internet, new agreements. I do not know..I really hope I am wrong, but I am keeping some money in cash, and stockpiling some food for the month of Nov..
Taxpayers already held hostage by the banks now threaten to kill the hostages if banks don’t get it their way http://tinyurl.com/yhd5anb
A verse stuck out in my mind SG . . .
Bring me fish with eyes of jewels
And mirrors on their bodies
Bring them strong and bring them bigger
Than a newborn child
And no uses for riches, power or a broken heart.
Apropos I think.
@supergeek.
Moi smug! I generally feel terrified. Not just for myself but for humanity in general. Recently I wondered what sort of world I have brought my son into.
I reckon we don’t need much name calling it is counter-productive in debate. Yet we have to call crooks, crooks,
@youri carmi.
If devaluation is totally separated in your calculation of inflation.
Well what use is it to me when you tell me
“You ain’t seen nothing yet cause when the inflation kicks in and the deflation stops, things realy will get scroogled”
It will just appear like more of the same thing.
@Dantu
yeah that’s ok…I get confused about who I am myself sometimes…I was just saying some of his songs like ‘the poacher’ ‘barcelona’ make me feel like crying and saying fuck it I’m alright, too… at the same time!!!
Ronnie Lane and Slim Chance – The Poacher
http://www.youtube.com/watch?v=wpoC_S-2Jf8
this aint an easy song to reproduce live but still.
Baghdad shoe-thrower gets Swiss tourist visa
Switzerland’s embassy in Beirut has issued a tourist visa to the Iraqi journalist who threw his shoe at former United States President George W. Bush.
Muntazer al-Zaidi will travel to Switzerland in the next few days, Mauro Poggia, his Geneva-based lawyer, told Swiss radio.
The visa will allow Zaidi to spend up to 30 days in Switzerland. He wants to start a charity and raise money for civilian victims of the Iraq war, his lawyer said.
Poggia said Zaidi, who was released from an Iraqi prison two weeks ago, had withdrawn his request for asylum in Switzerland. He has moved to Lebanon for security reasons.
In December 2008 Zaidi hurled both of his shoes at Bush during a news conference – missing him – and yelled: “This is your parting gift, you dog.”
Shoe-throwing has since established itself as a popular form of political protest. In February 2009 Chinese Premier Wen Jiabao was nearly hit by an item of flying footwear during a visit to London.
http://www.swissinfo.ch/eng/news_digest/Baghdad_shoe_thrower_gets_Swiss_tourist_visa.html?siteSect=104&sid=11330013&cKey=1255090878000&ty=nd
Oh hell, SuperG it was you who posted that melancholy melody. My apologies for giving credit to another.
Sleepless night . . . I gave up trying for awhile.
“If I knew then what I know now”
Dedo . . . tell me that is not the lament of regret. I hate and love that song if that makes any sense.
Gold Lease Rates currently Negative … according to Kitco !!
http://www.kitco.com/market/LFrate.html
@paul anders son
as I commented recently you have come to the wrong site if you are looking for sugar… so, Best Wishes and Good Luck.
ps.possibly first with the avatar, you must feel quite smug!!!
@Paul Anderson
You experience deflation when in fact the pound devaluated. Meanwhile you had deflation but because the Pound went down faster you experience some Inflation which in fact was devaluation.
You ain’t seen nothing yet cause when the inflation kicks in and the deflation stops, things realy will get Scroogied.
@youri
Dude me and you gotta stop meeting like this!!!
PS.really enjoyed the show Max..had that relaxed air about him…like I have sometimes when I say “Told Ya Maan!!!”
Sweatshop Conditions in US Cities http://bit.ly/1JeVnH
Personally I experience inflation. The prices of quality goods are
up in the food stores and I am finding it cheaper eating out and that depends were you eat. Bargain hunting is doable but everything seems to be getting crappier. Broke quicker etc. smaller in portion.
I can’t relate to official statistics. My income is roughly fixed, and I get roughly £2 a year increase a year from the government to adjust to inflation. Happens every April.
Waallllwheee! Every winter I turn the heating down lower to avoid sky rocketing bills.
The actual value of my income is reduced already, in terms of years. Thats what counts with me.
When Jim willie calls the deflationists knuckleheads then I just think its better to use sugar than vinegar but I sort of laugh.
@youri
coz the older folks know better than to mess with us….ha, ha!!!
Have to say first that the Dutch lend the money to Iceland. Donnow the details but Tarpley should mention this first.
The icelandic people have been living like kings, all had very expensivel big 4 weel cars and so on by cooperating the Wall Street system and the Yen carry trade and we havn’t heard them complaining than about the system. So the Icelandic people should have thought about this before so cannot put all the blame outside of them.H
I do agree about this criminal U.K. action. How is it possible that the U.K. could use terroristic laws on Isceland whitout anybody complaining in Europe?
@y’all
re: above comment: I am not bragging or proud of that fact but…
http://www.youtube.com/watch?v=DYPTX12L5Uw
Webster just came back from Iceland.
Webster Tarpley on Jason Bermas – Demise of The Dollar & The IMF Takeover http://tinyurl.com/yj35w9b
@mep
I am pretty sure I was the first person to be charged under UK law… with swearing in a public place under new the then new public order laws brought in by Margaret Thatch in 1986…sorry if I sound hazy…s’long time ago so I try not to think about it!!!
ps.I hope you are getting enough sleep!
Dang it. I was about to head to the bed and decided to peek one last time here.
Sheesh GB. At extremely low temperatures you are talking about superconductivity. This works just fine if you can super cool electrical devices. Get real sir. Would we use a practical conductor in normal applications or would we use hydrogen with the additional cost of super cooling?
In the ambient temperature of human existence, silver is a superior conductor. Most materials approach zero friction when at near absolute zero degrees, but the cost to cool is too expensive.
Ok, nite all. Sweet dreams.
@WL
What is happening is that the real economy is deleveraging it’s credit card debts and companies who deleverage their debts too. So deflation until prices can’t go any lower anymore cause a comapny can only work to survive for cost price. Companies who have stockpiles of goods can go even lower than cost price cause they can dump. They even have to dump their goods eventually cause stock piling also cost money and preventing these costs means dumping. Companies who deliver services only can go as low as their cost price of labor and so on.
The financial world is an other story cause they pretend to have money while in fact they haven’t. They just keep the debts hidden in their shadow banking system in the hope to delevarge these later when the real economy gets going. I am starting to wonder where the inflation has to come from when all there is are debts? This can only occur when the real economy has bottemed out and the fake printing money is pumped in. But at that stage the financial world will start to feed on the real economy to start to deleverage their debts.
So it’s all between a rock and a hard place and the economy can never grow if it’s pulled down on both sides. One being the debts in the real economy the other the debts in the financial system. Third is the National debt which will grow faster than they economy can cope with and which is the main reason the dollar goes down. The los in confidence in the dollar through the immense growing debt devaluates the dollar, like Max said but is translated by many as Inflation which in fact it isn’t atleast not at the moment.
When oil and food prices go up cause other economies pick up than you’ll see the dollar inflation on top of the dollar decline/devaluation which will be the American disaster in uncontrolled debt creation.
And the question reamains what role the dollar carry trade will play in a dollar going up or down movement?
@ Canada JK – This might help you better understand a little bit why your American neighbors have become so docile:
http://www.youtube.com/watch?v=lvRvN6IUIIQ
We apparently can’t even swear in public without being arrested. I live in Rochester. Had I known about this march, I would’ve been there. And I most likely would’ve wound up in jail for it.
Did I hear Jim Wiley call Janet Tavakoli a KNUKLEHEAD or was he refering to Mish Shedlock?! Since they are both DEFLATIONIST…Or was he calling Max Keiser a knucklehead, since you sound like a deflationist to me. I can’t keep up, the only thing your guests seemed to have in common is that I’m screwed…
HYDROGEN IS THE BEST CONDUCTOR OF ELECTRICITY
SILVER IS THE BEST OF COMMON METALS
Check it out for yourself…
British Scientists solidified Hydrogen in 1996 (although I learned it BEFORE then, at least according to my useless diploma) and were able to study its electrical properties…
MOSFETs are superior to TUBES…
All the performance and power, without the fragility and noise…
Night Youri and all as well.
Can I get an “OBAMA HURRAY!”
The man has won a prize of dubious merit. He deserves what he gets.
So its indeflation
@Dan II
Yep I know, it’s the common lazy respons. One thing Americans could do about it is not enlist in the Army or get out of it. Civil disobiedience is a very strong power when used in collusion with each other but there lays the problem as well since people cannot think properly anymore.
What we only can do is spread the message that when thing unfold they at least have some idea about it what caused it. It’s a very frustrating battle but what else can you do? At least we’ve tried and can die upright in that knowledge.
@Youri
Comex can skate along until physical delivery demand exceeded physical supply. The Comex gold is analogous to fiat dollars. Trust is required to keep the instrument viable.
Jim Willie is wrong about some Comex bust cause people who’ve been reading my articles know that the central banks just keep fake gold on their books. So if the Central banks sold gold they didn’t remove that from their books it’s all fake paper gold. If the Comex could burst it would allready have happened and it didn’t.
The Central banks don’t care about real or fake paper gold so they decided to make it as fake as the whole Fiat system. The only way the Comex could go bust is if confidence is lost in that sytem and even than they can keep it up by putting their fake fiat printed money into the system which in fact they’ve already been doing for a long time.
All the Central bank gold accounts are fake and nobody has acces to check it so why bother. The Chinese can do their puts but will lose this money also in the end there is no escaping from this paper con only real tangible assets will hold value.
@Youri
I concur. The “fix” was, is and will continue to be in. What I find so sad is that when I tell friends and family what I believe to be true the typical response is . . . “well, what can I do about it.” My reply is that if you do not decide what to do now, you will be forced to decide what to do soon.
@y’all
yeah… most stuff you read about yosiaki sugano makes you think he was a dude…also the man was into boxing …apparently never defeated!
His work transends the boundaries between art and science..
‘”Nothing so exquisite exists in this world as an object made by the human hand. It may be said that this work is the work done by the human hand through the instruction of the gods.” – Hon’ami Koetsu
@larry
oops!!!
http://www.elusivedisc.com/prodinfo.asp?number=KOEURUSHIR
@sg , link says ‘address not found ‘ ?
@y’all
You frikkin’ saddo’s… I had a feeling we were gonna end up here.. here.. which is why I went off to look at cartridges an hour ago… here y’all not the most expensive cartridge in the world.. but dipped in gold flakes etc …made by a true artist… as for hi fi, I don’t get bothered about ‘The Best’ type of mentality.. it’s more about the most magical… which is something else altogether… I definitely am not trying to start a hi fi argument… I have to go back to testing and comparing a selection of cryogenically frozen fuses!!!
‘To fully appreciate Koetsu, we must know Yosiaki Sugano, artist, musician, swordsman, calligrapher, business executive and creator of the world’s most renowned phono cartridges. In his youth, choral singing introduced him to western music, He pursued sword making, dueling, calligraphy and painting, emulating his hero, the 17th century Japanese landmark figure, Honami Koetsu. In postwar Japan, Sugano rose to prominence in one of Japan’s largest industrial companies, yet continued to pursue his passions’
http://tinyurl.com/yjzuw93
@Ilya
Sorry, but you sound as though you favor silver, . . . “silver extraction costs are nearly equal to the market price” while gold is 3 to 1 price versus refinement.
Do we agree or disagree that silver is undervalued?
Originally from pittsburgh…jim willie..ron paul…andy warhol…and myself…..all the best people
@paul …i know what you mean about Jethro Tull ,in the 1970′s everyone was talking about ‘Aqualung ‘ so i went and bought lots of diving equipment ,then my friends told me that ‘Aqualung ‘ was a record but at least i learnt how to swim.[lame attempt at jethro tull joke i hope that nobody is offended by this ? ]
Jim’s great. I think his Hat Trick newsletter has been around since the days of Michael Milken. If the dollar is replacing the Yen in this way, the Fed must take all the blame for this ‘dislocation,’ and more importantly for a clear series of steps they have instigated right through the reign of Clinton, NAFTA, et. all.
It is utterly amazing that so many people don’t see that infinite consummerism is a failed model for the US. Or that the major assets of this country are being carted off in huge lots.
Loosing the reserve currency status alone suggests a near-term ‘Californization’ plan for the US. And, while it’s fun to think about retiring in Costa Rica, the problems they will experience on the tail of this event are just as likely to devistate their economy as well. In short, I see less ‘safety’ in establishing a remote homestead there than I did just 3 months ago.
Max, your economic insights are great.
I wish you would say the work “nuclear” like it’s spelled. Try “new-clear” without the space.
Anyone who pronounces nuclear like the shrub (‘dubya’), who said “nukuler,” hurts my ears.
You do realize, I hope, that silver is a by-product of other mining? I.E. there are no silver mines – other than in Butch Cassidy and the Sundance Kid’s Bolivian daydreams.
It is a finite resource that is very difficult to extract and ONLY chanced upon when looking for more mundane shit. Right now it costs about $350 per ounce to refine gold…about a 3 to 1 ratio in todays’ market…silver extraction costs are nearly equal to the market price! About $10-15/ounce!
Do the math.
I am a little confused here and I am not the only one cause the real economy has gone from November 2008 when the big weels where put to an hold like somebody put a big spike between them. What happened?
The banks discovered that it was all a big hollow boxes trading ponzy sceme and didn’t trust each other anymore. As a concequense of that the real economy was cut of the money supply. Promises where made by the FED to restore that also to get the taxpayers money while in fact they where not able to restore it since global confidence was harmed in such a way that this couldn’t be restored in short time notice. The banks knew that but out of self survivel they liked to get the taxpayers money any way so they could sit on it and get back to the poker table like in James Bond Casino after he was brought back from the dead with a firm electro shock.
But the harm was already done in shatered confidence but still the banks act as if the old game is still one. It isn’t. Europe got pissed of cause befrore november huge piles of money was send in the promise it would save the game. After it became clear it didn’t and more over had been coned they wanted their money back and they got it back, partly cause the still hold they empty boxes which only contained evapourating air when they opened them.
So in effect we’ve been in a deflationairy situation from January 2009 with the decline of the housing prices globaly and later other product prices cause nobody wanted to buy and oil prices crashed. The Americans still have a bigger problem with the credit card culture and the consequent debts which where grossly underestimated by the FED who’s helicopter only flies over financial teritory not over the real peoples economical grounds.
We still see a massive delocation of money sucked out of the real economy but piled up in the financial world which no longer has any connection with the real world. In fact the financial worlds existence is in itself not in any way to serve the real economy on the contrary it feeds on it.
So only after the street economy is completely sucked dry the financial world will collapse cause they have nothing else to feed on anymore. That’s why you see the Worldbank ship being embarked to leave the FED for dead so they can try to suck on the world economy instead of only the American people if the world let’s this happen which until now they did unfortunately.
The Americans don’t have an other back up plan other than keep on printing money cause they can’t stop the stimulus and can’t raise interest rates. So they are just biding time by the manipulated MSM till they can keep the growing military gun against the worlds head to force them out of this very precare situation.
First the Americans have to stage an other big false flag event to put the dumbed down American population against the rest of the world and get the army growing fast. Than they can use this army as a pistol against the rest of the world. They don’t have much time that’s why you see everything accelerating.
The financial markets are very confusing cause there is to much “dead” money going around in the system not knowing where to go. The insiders can only make money by moving the money from one bubble to an other which causes huge volatility which is good according to their dedormed market philosophy. The real economy suffers but that is of no concern to the money makers. As long as sheople believe there is some sort of capitalistic sytem going on they will swallow it. Even when they will die in the streets they don’t have the slightest idea what hit them, it’s too abstract.
Dan you sweet talker you . . . of course Stacy is hot . . . but shssssh . . . don’t say it out loud. Just admire intellect and smile
This is one of the great interviews. I really depend on this program “On the Edge with Max Keiser” for real insight of what is happening in the economy. But most of all Stacy Herbert is really, really, hot!
Condutivity is based on free electrons. Hydrogen, which has one electron, is not superior.
@Giuseppe Bagoshite
“RE: Conductance of Silver…
you are wrong
HYDROGEN is the best conductor…”
I have been building vacuum tube amplifiers for about 25 years using solid silver for my point to point wiring – because it sounds better than copper. I have yet to suffer the the superiority of hydrogen.
@Ilya . . . “Gold is a hedge against inflation, silver is actually used. I cannot make it any plainer than that. Sorry.
”
I’ve held that belief as well until I read about the history of money. Silver has played an important role through out history as a medium of exchange. Silver exists as a certain ratio to gold in the earth. It requires energy and effort to extract it. Silver, like gold, has an intrinsic value.
Gold, like silver, have become increasingly importent to technology. Silver is used primarily because gold is to expensive. Both are rare, both are exceptional conductors, both are indestructble and both are desired by humanity as a status symbol.
When precious metals have served as money or a medium of exchange, silver has always been included. The question remains as to what ratio the value of silver is to gold. I contend that seventy to one is to high.
China Prepares for Deep Freeze in Holiday Profits.
X-mas Orders from American retail stores are down 50 percent http://tinyurl.com/yjfcsdo
If the general trend in equities is down, is there not potential for this 0% interest rate to inflate a massive short position, resulting in a kind of self-feeding frenzy?
. . . glimpses of which we saw during MELTDOWN 2008 as banks resorted to shorting each other?
Several things occurred to me as I listened to Max and read the comments (with Janis Joplin in the background singing “Bobby MacGee”).
1. I think there will be both inflation and deflation happening side by side. Both sides are right and wrong (its a Zen thing). Housing is deflating, and will continue to do so, especially if the held-back foreclosures are reported. However, basic commodities, food, gas, clothing, etc. are all going to inflate as oil prices will inevitability go up. Imports will also go up, and since the US corporations are all off shore, that means most manufactured goods will get more expensive.
2. On the political front, the rich only think they can get away with their “plot”. History begs to differ. I think this time we will see a combination of Rome and France; a government collapse from the bankrupting military over-extension (see Chalmers Johnson’s Blowback Trilogy), and pissed-off peasants hunting down the wealthy at the same time. When little Timmy has to skip meals because there is no food or money, his daddy (and mommy) may figure it out.
I am not sure the uber-wealthy can get away with their misdeeds forever. They may have armed compounds, but they are outnumbered. And there are some fine medieval siege tactics that can still work in those situations.
“Freedom’s just another word for nothin’ left to lose.”
Some thoughts on Jim Willie’s comment about ZIRP:
The fact that people are saving even at 0% should speak volumes about the “deflationary” forces at play. But, even if we assume Jim Willie’s argument that a 0% interest rate will lead to a USD carry trade, I don’t see how this would direct the flow of money? It seems to me this would simply amplify the resulting price swings we would have seen anyway. Which brings me to a final thought … If the general trend in equities is down, is there not potential for this 0% interest rate to inflate a massive short position resulting in a kind of self-feeding frenzy?
Ilya, no, according to you gold is ONLY a hedge against inflation. In your world nobody places abstract value on anything and therefor diamonds are ONLY used for cutting things, and never as status symbols or aesthetically pleasing ornaments. Similarly in your world nobody finds gold attractive or values it’s resistance to corrosion or it’s high malleability.
I CAN put it simpler. You have an imbalanced view that the world doesn’t share.
Otherwise Silver would be selling for more than Gold, RIGHT NOW.
I only took issue with the fact that you made an absurd claim about world silver reserves as they relate to consumption and I don’t want people buying into that nonsense. I share your view that silver will likely rise more than gold, but I don’t blind myself to the spectrum of reality that doesn’t support my conclusion.
So, a carry trade in the global reserve currency seems to be unsustainable and perpetuate a death spiral in the US$. There is no history for this…
woops
TRACE MAYER
from http://www.runtogold.com
Credit contraction…
Science in the market…
yadda yadda jibber jabber FOO’ !!!
@Ilya…
RE: Conductance of Silver…
you are wrong
HYDROGEN is the best conductor…
@Max and Stacy
What about TRACE MEYER ???
Here he is on BNN today talking about all sorts of spooky stuff
especially GOLD!!!!
http://watch.bnn.ca/the-close/october-2009/the-close-october-9-2009/#clip222383
And check out HIS tie…
Why doesn’t MAX have a gold lamé tie with a Chinese Dragon on it?
An interesting take on the inflation/deflation debate:
The Federal Reserve As An Engine of Deflation (sic!)
http://www.professorfekete.com/articles/AEFFederalReserveAsAnEngineOfDeflation.pdf
“A relentlessly increasing money supply is not the only prerequisite for hyperinflation. There is another: the lack of suitable outlets for the bloated purchasing power. As risk-free bond speculation made possible by open market operations shows, no matter how much purchasing power is being created by the world’s central banks, speculators will always find rising bond values safer to bet on than on rising commodity values. In the absence of wars, or civil wars, destroying stores of consumer goods as well as the park of capital goods to produce, the forecast is deflation, not hyperinflation.”
“If it were not so tragic, one could rub in the irony that Keynesianism, in trying to push the world into the pit of inflation, has only succeeded in pushing it into that of deflation — the very same pit it was so anxious to avoid.”
Webbot Cliff High on Jeff Rense Show October 8, 2009 – http://t.atsmix.com/t508978
@Daniel S
Gold is a hedge against inflation, silver is actually used. I cannot make it any plainer than that. Sorry.
Ilya, in the real world silver comes from mines and obviously you are unfamiliar with the nature of the business.
@ All – Bill Moyers Journal with Simon Johnson and Marcy Kaptor is now online:
http://www.pbs.org/moyers/journal/10092009/watch.html
@ Frank – Proof that Nader’s ideas can be synthesized and implemented with just a couple of wealthy people and a bunch of ordinary people working together:
http://www.msnbc.msn.com/id/3036677/#33249445
I hope that enough money is raised to stage those free health clinics in each of those turncoat Senators’ states! If you’re so inclined, make a tax-deductible donation!
Same/Same benefit from CIT collapse:
http://www.marketwatch.com/story/the-lose-lose-cit-bankruptcy-2009-10-05
That is Jim Sinclair good interview
http://www.yousendit.com/transfer.php?action=download&ufid=Y1Rya3ZCZEs1UjVjR0E9PQ
Oops sorry. thats an old link
Here is a new one interview in mp3
http://www.yousendit.com/transfer.php?action=download&ufid=Y1Rya3ZCZEs1UjVjR0E9PQ
Try and get F William Engdahl on the show – no doubt he’ll be doing Global Research News Hour next week.
Max’s wit combined with Engdahl’s dry sarcasm would be priceless.
A show is only as good as its guests and On The Edge has the best. Jim Willie for me, has put himself right up there with Michael Hudson as intellect maestro. Great show.
I guess we just opened the inflation/deflation row again…
Another top conversation down the pub again tonight about PMF and Obamas joke award. oh and nice tie (I just won’t let it go)
And why hasn’t anyone adopted my use of Macy instead of Max and Stacy?! I mean c’mon, thats genius!
Stacy,
If the video of each part of the show is one youtube playlist that can be linked, rather than 4 separate videos.
The proliferation of youtube flashplayer objects must add a bit to the page load for browsers, and the page would look tidier.
Leaner and cleaner!
This is what I mean, replace square brackets in the code with pointy ones (I resized it to 425×344 to match the existing videos):
[object width="425" height="344"][param name="movie" value="http://www.youtube.com/p/104693BE29387855&hl=en&fs=1"][/param][param name="allowFullScreen" value="true"][/param][param name="allowscriptaccess" value="always"][/param][embed src="http://www.youtube.com/p/104693BE29387855&hl=en&fs=1" type="application/x-shockwave-flash" width="425" height="344" allowscriptaccess="always" allowfullscreen="true"][/embed][/object]
Revenue shortages in most U.S. states “unbelievable” http://tinyurl.com/yjc465y
Fibonacci Sequence. Again maths taken from the East like phytagoras http://tinyurl.com/yzswf2g
Recent Jim Sinclair on Bloom video
http://www.bloomberg.com/avp/avp.htm?T=default&clipSRC=mms://media2.bloomberg.com/cache/vFL_dm.Ufpws.asf
@Daniel S
Your position re silver doesn’t jibe with the real world. Silver is analogous with oil and natural gas: it is a consumable commodity whose supply is dwindling or, at the very least, it’s market is nascent – I.E. it’s actual Value in the real world of high-tech is immeasurable.
Gold, as history has shown repeatedly, is a hedge against inflation and nothing more, but silver is a late 20th and 21st century necessity for all manner of technology – from advanced radars to super-conductivity in super-computers.
Whatever, I don’t give a shit: in three years I’ll be riding a hammock with Miss Venezuela in my lap on my 600′ of beachfront Margarita shack space.
Gordo, you asked “What is the mechanism by which the huge debt overhangs turn into hyperinflation?”
I think the theory goes; When the US can no longer raise enough funds through T-bill sales, they may be forced to issue vast amounts of their other bond, the US dollar. (okay technically it’s a debenture). The increase in supply of those dollars, depending on how they move through the system, creates inflation. This is followed by hyperinflation when confidence is sufficiently lost due to;
uncertainty of what the dollars will be worth when the recipient spends them in the future.
increasing counter party risks
increasing risk mitigation costs
and the sight of old men pushing wheelbarrows full of cash to the nearest lemonade stand.
The US defrauds their debtors when they decrease the value of the currency they repay their debts in. Eventually the lenders will see the curves cross so that they will get less from continuing to buy T-Bills in support of the process that is integral to the value of their current T-Bill holdings, than they will get from refusing to buy more US debt and losing everything they’ve lent, but at least retaining the value of their would-be purchases. ( I couldn’t say if the US has pledged anything as security against T-Bills ) At that point, the T-bills don’t find buyers but the US still has to raise money. Do they sell Alaska? Nah. Do they eliminate most of their spending? Nope. Do they reclaim the stolen trillions? No way! They defraud the holders of their other bonds, the US dollar, by printing a gazillion of them.
fora brings us chomsky on Healthcare and Corporations
http://www.youtube.com/watch?v=2HvGy2gY0eM&feature=sub
Max makes an excellent point about the hypocrisy of the Israel nukes and US support.
@Daniel S: You know practically speaking you are on the money…yet..if you read Zacharias Sitchens you will find that the ETs used gold and mined the African gold for electronic navigation …..so I hold that commodity in high regard…not for it’s thrift but because it has abilities we mere mortals barely comprehend…
Max, I cracked up when you were tapping away at that phone.
@Frances,……people really don’t get it, do they,……..amazin’!!
And to think,..it’s bin like this for thousands of yrs,…phew
@gb
“if you don’t like tyrannical governments, why do you seem to like china so much?”
I didn’t say I liked China’s current government. I do like their tactics in taking out the most evil and murderous regime that God has ever suffered to crawl upon the face of the Earth: the USA – and it’s surrogate, Israel.
And exactly how the fuck can you accuse – assuming you’re a westerner – other countries of being “tyrannical” when the USA has slaughtered some 50,000,000 civilians in 50-odd wars of choice, coups d’etat, informal CIA-sponsored genocides and assassinations, etc, when China, to name a only a single case, has not engaged in nearly the same affairs in it’s entire SIX THOUSAND YEAR history???
Every piece of shit wannabe Empire has invaded China over the past 500 years! Portugal, Spain, UK, Japan, USA, etc…they might as well paint a fucking bull’s eye on their backs!
Seriously, what are you smoking?
@Ilya,…….why don’t you go and join the boys out there in the middle east,..and get into some of the action,…you know you want to,..
I’d sleep better at night knowing your out there protecting us from the terrorists,…then when they nuke Israel you could really have a hand in it,… (my hero)
Seriously though,….it would lessen your tension and frustration,..and you’d be fighting for a good cause.
I know you only want to do what’s best for everyone huh,..
@Mep:
I was only trying to be clever. Drats. Failed again.
How do you dually note something? I did not mention NWO, only the UN. I have mentioned the G20, BIS/IMF as well. So, if I play in a minor key, there is no need to make a major note about it. Dedo would have told you I am full of it.
@Dedo
Right?
Ilya, the reserves of silver are far greater than enough to supply ten years at current consumption rates. I’d encourage you to look at the industry on a mining company by mining company basis. You’ll find very quickly that their are huge reserves ready to be tapped at higher prices and many prospective areas yet to be drilled.
I believe that silver will appreciate more than gold over the long term, but it is not entirely better than gold. Gold is more practical as a backing of currency because of it’s higher value by volume, and thus lower costs of transport and safeguarding. Gold is highly favored over silver by East Indians and urban Chinese, two huge populations with increasing economic pull. Also, all valuable commodities are at great risk of suffering reductions in industrial demand due to potentially cheaper alternative processes and applications being developed via the emerging field of nanotechnology. In some cases reducing and other cases eliminating their use.
@Duke Jocic/Mep
looked at the dollar lately? or oil? gold?
deflation = dollar going up. that’s a knuckleheaded prediction.
personally i think currency crisis is the right term, not (in/de)-flation.
well, also various commodity crises, some regional (like sugar in India), some global, like oil and possibly wheat.
either way, in the long-run the dollar is going lower and oil/gold are going higher.
@ Frank – I hear you. I send e-mails and letters to my reps regularly, and weigh in on the White House site very frequently. That’s better than nothing, but I think all of us need to be actually visible. Otherwise, they can all just pretend that they are listening to us and representing their constituents.There is some reason to be hopeful still. If you look around at alternative media and the Internet, it’s obvious that people are getting more active–it’s just not being reported on. (Good example– the recent Aetna sit-in: http://www.youtube.com/watch?v=xOB1zOBr7IM ) Just tonight, a protest broke out at another Whole Foods after people saw The Yes Men: http://www.huffingtonpost.com/2009/10/09/yes-men-storm-whole-foods_n_316042.html Oh, and Bank of America has caved to another online debt revolter: http://www.huffingtonpost.com/2009/10/09/debtors-revolt-bank-of-am_n_315351.html
If we can find ways to continue to mobilize & take it to the banks, corporations, and politicians, we can start changing the balance of power.
BTW: I actually pledged my primary vote to Kucinich, but he pulled out right before the NY primary.
USA has the biggest gold reseve in the world!
Europe has left some gold at the FD NY That’s it!
Duke and Fran are spot on. Knuckleheads lol.
Mini US:
thanks, really interesting – I particularly like the visualisation methods, and talk of ‘head and shoulders’ … probably ‘old hat’ to most but not something I have seen before….
@Frank,
“But really he’s right that it all begins with Congress.”
That is a myth. A republic, by definition, is an executive-controlled affair. “Congress” – the theoretical “voice of the people” – was demonstrated as a fallacy by Caligula two thousand years ago when he named a HORSE to the senate….
It was a clear and emphatic message to anyone who opposed the Empire Scheme: “do what I tell you to do or lose your privileges”. Nothing has changed since then. Meet the new boss; same as the old boss.
The whole concept of “free markets” is nothing more than a con game. There is no such thing as “capitalism”: there is either personal/class greed or there is not.
@Ilya
if you don’t like tyrannical governments, why do you seem to like china so much?
Ancient Alien Invasion http://tinyurl.com/yg9fzlw
Water on the moon? Big deal we knew that already.
Uranium Found on the Moon http://tinyurl.com/ykk7spb
The Men Who Killed Kennedy http://tinyurl.com/ykjarmd
So, the more toxic fumes Walmart has off-gassing from their products, the more they’ll profit from the deaths of their insured employees. Throw in discounts on Walmart’s “food”, keep stress levels high at work, and they can kill them even faster to get new victims in the door sooner. It’s all about cash flow baby.
@Mep
I agree that Nader usually has great ideas. I do think he would make a great President. But really he’s right that it all begins with Congress.
Maybe he’s trying to make the super-rich feel guilty. It’s true that they don’t do a thing for the country. I suppose if Bill Gates and Warren Buffet wanted to get together they could fund a grass roots movement like what Nader describes.
I’ve tried calling my congressperson. I never got the feeling that they were the least bit interested in what I had to say. I never actually got to talk to my Rep just someone that handles the phone. It was pretty frustrating.
So I have become active online and hope that the exchange of ideas will eventually lead to some positive change. I think there has been a shift, but not to the point where it affects the balance of power between corporations and the average citizen.
Oh and Obama has been a huge disappointment. He campaigned as the people’s candidate, but has been anything but. I got suckered in during the primaries, but had my eyes wide open by the time of the general elections. But by that time it was too late.
I ended up voting for Cynthia McKinney and the Green Party. I don’t see why the Green Party couldn’t be the nucleus of the grass roots political party that Nader wants. Why didn’t he work with them to build a movement? Even if he wasn’t their choice as the presidential candidate.
@Dedo re: Israhell
I stand by my words.
Hmmm…Germany is smart…and this all ties into the Demise of the Dollar theme: Germany is definitely part of the Putin-orchestrated collapse scenario involving France China Saud etc.
I doubt Italy is on board as they have been a completely US-regulated mafia state (with about 160 US military bases) – along with Israel and the newly created European hub for heroin and sex-slave and stolen organs transshipment point Albania-Kosovo. You could draw arrows between Tel Aviv and Tirana and Kabul, and pretty much understand the flow of narco-sex-organ illicit trade. Draw another arrow from Tirana to Cayman to Basel to London to Wall Street and you have the money laundering cycle that actually keeps the US economy afloat. Throw in Bogota and Mexico, and the cycle is complete.
The drug trade alone is a Trillion dollar a year laundered Ponzi scheme that accounts for probably 50% of Wall Street profits and, oddly enough, is probably worth more than gold as a tangible asset. That’s why it’s “illegal”: if it were legal, how could one make such enormous profits???
Most of the CIA’s directors and deputy directors have been bankers. The CIA’s “air force” – number of planes, small or large – eclipses even BOAC’s stranglehold in it’s heyday – the DEA is it’s monopoly enforcement arm: which explains why every country that his kicked the DEA out has seen a huge DROP in illicit drug trade. Venezuela being the prime example….
As for gold…I don’t trust them. I don’t believe the reserve numbers are real; I don’t think very many people outside of China, Russia, and India actually have physical gold; and that’s why that market will be manipulated into…I don’t know what. But it won’t be good.
Silver is the best conductor of electricity, and therefore has mass applications in a technological world. The consumption of silver is at an all time high with maybe ten years consumable reserves, I.E. it is like gas and oil but with a definable – and known – life-cycle.
I think silver is far more valuable than gold, and much easier (affordable) for most of us to get into.
Jethro Tull is to Best Rock Grammy as Obama as to ?
Stacy & Max.
Great show, great guests, great insights, great humour.
The nuclear Maxhead taking of was inspired tv.
On Obama Peace prIze.
I think it was a genius move because now its going to be really hard for him to attack Iran…unless he does it in the ‘name of peace’.
@Ilya Kuryakin,……..when you say “Israel” should be nuked,…you remind me of one of those mindless pinheads who hold banners, and chant gobbledegook for a good cause.
The elites laugh at folk like you,..the banner brigade is what they call you.
Actually,..I’m only kiddin’ ,..I know you’re far to intelligent to make reactionary remarks without deep thought:
http://en.wikipedia.org/wiki/Deep_Thought_(chess_computer)
@Ptah & Mike/Liverpool
One view of TOB by charts.
http://www.youtube.com/watch?v=GfOkE5e8zhg&feature=player_embedded
Talk of Pound begins @ 10 seconds in.
I dunno. Jim Willie has always impressed me as somebody who remembers the days of JFK fondly, and can’t move on.
We’ve had years of defacto QE, papering over what should have been a depression in the years that followed the Nasdaq crash. I’m sure that if you talked to anyone from the sectors that suffered marvelously from the downturn years ago, then they really do reflect some sort of ongoing deflationary trend.
But everyone seems to be counting on the same synchronized boom to resume post haste, even the Willies of the world. It seems appropriate that people get the willies listening to some of this tripe.
The media is captured, even if you are totally opposed to the system and want to push its buttons. The internet punditry is invaded by oompa loompa political pygmies all clamouring for their demagogic moment.
Its a shame Willie has allowed himself to run so far afield and believe so deeply in his own mad drivel.
@ Frank – Here is another Nader interview:
http://www.youtube.com/watch?v=BzJxj820F6M
His idea is decent, but it’ll never happen. We have too many rich people who think they’re doing something good by making their millions and billions by degrading and exploiting people and the environment, and turning around to give some of the pocket change to charities.
I like Nader’s ideas here:
http://video.google.com/videoplay?docid=-4897059404976553130#
(beginning @37 minutes in) better.
Budget cuts leads school in Ireland to ask students to bring own toilet paper
http://www.nydailynews.com/news/world/2009/10/06/2009-10-06_allgirl_school_in_ireland_asks_students_to_bring_toilet_paper_to_class_because_o.html#ixzz0TTmeDwuP
The super rich are not going to be able to do anything of substance. I agree Nader disappoints with this latest idea of his. the right wing agenda will not be derailed by a few well meaning rich.
Question: What is the mechanism by which the huge debt overhangs turn into hyperinflation? I am not picking a fight here, I just have never understood the mechanism. Wages are not going up, governments are not going to step in and help the little guy? Yes I see speculative money sloshing into stocks and commodities but this is still a small portion of the debt.
@Richard
Maybe Ralph Nader knows something that the rest of us are not privy to. The title of his book “Only the Super-Rich Can Save Us!” seems super ominous to me and very un-Nader like. I saw him in an interview about this recently and was quite disturbed by what he was saying.
My own thinking is that the super-rich have actually calculated to abandon the masses. You can see that in the growing divide between the super-rich and the rest of us. And also in the lack of support for what Max likes to call the “common wealth”. Things like schools and hospitals and roads. All of that is being privatized.
Anyway, here is an article I wrote on that subject – “David Rockefeller, China, Free Trade, the WTO and the New World Order”
Israel is the first place that should be nuked. If there is a more evil “state” in the history of the world well it would be news to me.
@ Duke – Mmmhmm. Here are a couple maps of just mortgage delinquencies:
http://www.huffingtonpost.com/2009/10/09/mortgage-deliquencies-see_n_315547.html
I saw a commercial here yesterday claiming that now is the time to buy a house, b/c house prices will be on the rise again in 5 years. Heh.
Deflation denial = delusion. I wouldn’t call Willie a knucklehead b/c he knows 1,000 x more about this stuff than I do. I just question whether he accepts that deflation is an issue now, and question when it is that he expects the problem of deflation to go away and be replaced with the problem of hyperinflation.
US Senator Bernie Sanders – Afghanistan – today/4min:44
http://sandersunfiltered.com/
Central Banking: A Blight On Humanity
http://news.goldseek.com/GoldSeek/1255111200.php
…
To summarize: Banks like J.P. Morgan Chase and Deutsche Bk. – who sold endless amounts of gold futures at prices of 950 – 1025 and then tried to make “side deals” with the folks they sold the futures to – offering them spot + 25 % [let’s say 1,275 per ounce] to settle in fiat – only after their counter parties demanded substantial tonnage of physical gold bullion. …
Hey Max … maybe you should talk to the LME and get a 25% profit today ?
PS: I know …of course you wouldn’t !
Hey Max,
Great interviewed with Jim Willie. I have listened to him for a long time on the web. Like yourself, he is quite the cat!
What about an interview with Jim Sinclair, l’m personal not keen on his politics but his take on the economy is very interesting…
Cheers
Mark
Max, great interview with Jim Willie. Would encourage you to have him back soon.
Ptah
When the £ Crashes, BTW check out its MEGA fall tonight…………also am told the Inflation figs are out Tuesday & they show STRONG posative & the BOE will sit on its hands and say its “Only a blip” & do bugger all…………….Then “TOB” will be ON!
Mike
@Phil..thanx…I get to it shortly
@Richard@lattitude30N …”Martin Weiss”
Hi Richard,
maybe you’d like to read this from Adam Hamilton.
I have been following him since 2001 – when he predicted the JPM Derivatives Monster even then !
This particular article explains the Gold Bullion markets and is worth a slow read.
http://www.zealllc.com/2009/goldcot3.htm
So far since 2001, ZealLLC have been right on most things where the MSM has had opposing views.
PS: I recommend you read his JPM Der. Monster on the same website ( I posted it months ago).
@Phil: good post..Martin Weiss
@ Max and JW: So the final comment was that JW foresaw Treasury bond default….the question remains how long they can manipulate the peripheral activities to hide that moment…so far in the past six months, $134.5 and $100+ billion in treasury bonds mysteriously were confiscated in Italy…(I actually know a former federal inmate who perfected the counterfeiting of common stock bonds ( in multi-million dollar denominations, and retained that knowledge)… surely that’s not the only destination for such activities…As you so often say…its baked into the cake…and when it does default those who know which bonds are counterfeit or not may make an interesting subject??…yet by then the chaos will be overwhelming…Apparently JW isn’t concerned about an investigation…and rightly so as all the players are complicit…so who is left: Robert Morganthau?, Ralph Nader? ( who was on Bloomberg News today plugging his book…Only the Rich Can Save us…)…his solution is that an egalitarian cabal will gather and force the unscrupulous to mend their ways…As Kevin Trudeau also suggests that within the Bilderberg Group there are several who want to save some of the ‘unwashed masses’; so maybe Ralph is onto something…So Max who do you know in THE FAMILY????
Deflation Knuckleheads>>?? Whaaaa? ?
Prices are down 2% in Japan YOY, 6.5% in Ireland YOY. People are losing their jobs at record numbers all around the world and their Employment Insurance is running out. With no income they can’t afford to buy anything. Maybe they will use credit for a while but when that runs out prices are heading down. In Europe dairy farmers are protesting because of the fall in Dairy prices. If that’s not deflation then I’m a knucklehead.
Unemployment hasn’t even peaked yet and that is by Obamas’ own admission. Desperate people will also dip into their retirement accounts and sell their shares for hard cash. This will put pressure on the markets. Why do you think that the US government wants to extend unemployment benefits. They know people will sell their stocks to pay their mortgages. They want to keep things going just long enough to get re-elected.
The world is awash in optimism and that usually spells doom just around the corner. The rush will be for dollars and not things. In Canada gold has gone up 14$ in the last 2 weeks while it is up 60$ in the US Currency. The US dollar is being manipulated in the short term to lure people into the market. If you trade you see that its rise is parabolic. So go ahead and sell your worthless dollars to Goldman Sachs, they know what to do with them. They know to sell them back to you in 6 months time for a 10% premium.
@ Chris
Your absolutely right that China will get Taiwan in the near future. I would bet that the US has already capitulated on this issue given the political signals such as the refusal of Obama to meet with the Dalai Lama. I’m sure that a secret deal has been struck and it is just a matter of timing before the handover is officially announced. In Taiwan, they now have a government that is sympathetic to mainland China. So all the pieces are in place. Expect a joint announcement with a timetable for the transfer.
BTW, Nixon signed an agreement back in 1972 – the Shanghai Communiqué – which states that there is only one China and that Taiwan is part of China.
I wonder how Japan will react to all this?
…When our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action.
Or when our leaders have no hard evidence as to what might happen in the future, they can at least claim uncertainty.
But when they have full knowledge of an impending disaster … they have proof of its inevitability in ANY scenario … and they so declare in their official reports … but STILL don’t lift a finger to change course … then they have only one remaining claim:…
Three Government Reports Point to Fiscal Doomsday
by Martin D. Weiss, Ph.D. 10-05-09
http://www.moneyandmarkets.com/three-government-reports-point-to-fiscal-doomsday-4-35722
Great interview,Max! Now get the grandmaster prognosticator on the show, Robert Chapman!!!!
The Corporations that run the United States government are COMPLETELY out of control.
Simply, they are not controlled.
(Military, Finance, and essentially every sector of the US economy.)
They are causing massive, needless misery for the American people, and for much of the rest of the world, Canada included.
Why are the American people (whom I have always admired) so docile?
What happened to 1776?
It seems the only Patriots are in New England playing football.
Ah! Finally my daily Max fix!
The story of “economic of death” how to profit on your dead employee, reminded me of the article from NYTimes: Wall Street Pursues Profit in Bundles of Life Insurance http://www.nytimes.com/2009/09/06/business/06insurance.html?_r=2 – a repost but read it if you haven’t. Death is the new big business.
Excellent guest! Jim Willie has been way ahead of the curve for years. So, he should be a regular on your show. Could you and Max investigate what the ramifications of a COMEX default might bring??
@ frances – Your desire to paint me as one of those awful people who tags everyone as a “tin-foil hatter” is dually noted. I understand wanting to play that angle–especially on a forum in which those who call others “conspiracy theorists” are viewed as tyrants. But I didn’t call you anything of the sort. What I did was call out the nobel peace prize –> softening the world up for the NWO connection that you made.
@ Max – Good on you for pointing out (again… I think I remember you mentioning this a while ago) that Willie is adding another layer to the inflation/deflation debate. One question I have is that assuming he is right about the long-term, how long will it take us to go from deflation to steady inflation? At first, he made it sound like it would be expected once oil contracts are no longer linked to the dollar. But once he brings derivatives into the mix, it’s no clear.
On “dead peasant” insurance policies, I learned some more about them from Keith Olbermann during his one-hour special comment on health care reform.
See Part 3 here: http://www.huffingtonpost.com/2009/10/06/keith-olbermann-to-delive_n_311125.html
This practice ought to be outlawed.
@ Stacy – Check out how much revenue the failed state could bring in if they put a small tax on high-fructose corn syrup and diet beverages:
http://www.yaleruddcenter.org/sodatax.aspx
Prosecutions for fraud of the COMEX if they have to default ?????????????????
Dream On.
He should know how this works by now.
@Max,
In that interview of you, when you said “coinage” did you by chance mean Seigniorage ?
http://en.wikipedia.org/wiki/Seigniorage
The big questions to me is what is the US doing secretly to convince China to keep financing US debt?
Lately, Obama caved to China and delayed a meeting with the Dalai Lama.
I don’t think that’s enough however. China also wants Taiwan and may get it eventually. But here’s a new idea I just had:
The US is allowing the dollar carry trade in order to trigger a huge dollar short squeeze, a la the big bounce in the Yen after Iceland’s collapse. Once the dollar rallies, this will give China a chance to dump their huge dollar position selling into strength when the dollar rallies as it did 1 year ago.
Sound possible?
Mike/ Liverpool: What is your key indicator that the thing of beauty has arrived ?
@frances
Makes sense, looks like Florida is the US lightning strike capital,
http://news.nationalgeographic.com/news/2003/05/photogalleries/lightning/index.html
Great work!
Have a nice weekend folks, I am disconnecting.. overdose of watching goldcharts
@Max – thanks for having Jim Willie on your program.
As a side note, according to the Nobel Prize website to be eligible for the ‘Peace Prize’ your nomination must be post-marked before February 1, 2009.
The Nobel Peace Prize is a complete farce… and the band plays on.
It depends on the climate, WL. Personally, I find reception better here in sunnier climes with the shiny side out. One must omit lining the hat, though, as liner definately muffles audio perception.
the US occupies Iraq & Afghanistan; not to mention all those Central Asian bases(how ’bout that Pakistani proxy)…and is therefore losing military prowess in the ME….now, that’s even funnier….
It can’t be long
Mike
China accumulating Gold for its “citizens”….now that’s funny.
@frances
Does that Aluminium hat go shiny side up or down, I always forget that.
@max&stacy!
what about catherine austin fitts and gerald celente together as guests? or separately?
I promise to remain neutral throughout this entire thread in deference to Mep and in the active pursuit of a better design for my tin foil head apparatus.
i wasn’t ready!
oh shit! first?