Stacy Summary: Surprise! Here is the additional material we shot with Janet Tavakoli. Lots of interesting stuff here. Enjoy!
(For those who missed the first half, here is the On the Edge episode from 02 October)
  |
 |
 |
-
ref. max keiser & Get 6 mo’s free storage
-
-
Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
Most recent: 
Max going native before the big plunge? Dig that smoke-free Ed Murrow stare, that glowering “there will be blood” out there look … and oh, yeah the ever so slight Mohican-on-the-warpath hairdo.
This new video format won’t play on my browser, it just keeps trying to restart.
@Jesse – good to see you here! As you can probably tell Max and I love your site and have been posting quite a few links to it lately. Thanks
Max, I’m sure that you are aware of PUBLIC LAW 95-147, of 10/28/1977. In which the shares of the FED were signed over to the IMF. As I said in a past message: Look at ARTICLE(S) 57 and 63 of the UN CHARTER.
WL
that was a good link to the nixon speech.. i think i will use that in ON THE EDGE this week.
@Youri
The fact that Americans can surprise you with their stupidity even in a work of fiction says something about their real world stupidity.
I blame it on the Rockefeller Foundation which began the debasement of education early on with it’s promotion of elitists into the halls of power in education, promoting their own retarded inbred progeny with a steady diet of increasingly dumbed down curricula, and out-sourcing the PHD’s that any society needs to function to foreign students.
My nephew goes to McGill in Montreal, says most of the American students (lots of them there) are functionally illiterate. Same goes for Canadians.
The lobotomizing coup de grace though was/is Hollywood’s controlled demolition of all reason, subtlety, intelligence, and critical thinking. That naturally flowed over into television and then finally “news”. And here we are today, a North American continent teeming with dysfunctional, illiterate, arrogant, obtuse, fucking robots, ready to believe any lie no matter ridiculous.
The best example is 9/11: how the fuck anyone can look at those videos and not see a controlled demolition is beyond me.
Blood, rage & history: The world’s first terrorists
http://tinyurl.com/ylfjfv2
“History doesn’t repeat itself, but it does rhyme.”
@Larry
indeed, the thought of a return of the pauper’s graves is not welcome and would be an indicator of far worse things
UK quality of life poor, study says
http://tinyurl.com/yg9lj33
Ex-officer alleges Iraq cover-ups
http://tinyurl.com/yf29dkc
@gonzomarx ,.. unclaimed burials ,a sad situation that says so much about how current system treats the rest of us as well .i guess if they were marked ‘m.i.a.’s ‘ it might be different but i guess for many an unclaimed burial means missing in action of a different kind , is this what people really want ? to live in a society that cann’t even afford the dead a dignified burial ? as for me ? ,i plan on leaving my body to science fiction ,might be safer instead.
http://www.ordinary-gentlemen.com/2009/09/on-serfs-stocks-and-inequality/ an interesting article from the ‘league of ordinary gentlemen’ on serfs ,stocks and inequality [i find the anti welfare bias a bit offensive. ] ‘ beggar, beggar burning low , did he who made the ford make thee? ” [ogden nash]
I posted a piece on Detroit not being able to afford burials, now it seems it’s not just a Detroit problem
Unclaimed Corpses Rise in the U.S. As Families Can’t Afford Burials
http://tinyurl.com/yhszwv9
I recommend reading Glenn Greenwald as he has some good pieces on Authoritarianism in American politics and on the Governments Owners
http://www.salon.com/opinion/greenwald/
What is Jonstal style stress test . I might have that typed up incorrectly. I was watching Janet on Q&A and around 50-53 minutes in the interview she says something like this but I can’t make out how it is pronounced from how quickly she says it. This is a great interview. Here is the link Someone please let me know! Thanks
http://www.youtube.com/watch?v=WA20Am0pwtA
Baaaa
p.s..i guess now we all just become like livestock ?
max & stacy ..i have read somewhere that the ratio of serfs or peasants to’ landlord’ figure of authourity has remained at constant given ratio regardless of changes in history or advances in economics or whether or not we are living in an open or closed society seems to make little difference i.e. number of customer services workers to a team leader as a minor example of how this ratio has remained relatively unchanged , only now i guess they don’t need us ?
http://upload.wikimedia.org/wikipedia/commons/2/25/Dresden-Zwinger-Armoury-Child.Armor.06.JPG max ,….you’re looking like a knight in shining armour in the shiny silver suit , [looks great ! ] though perhaps we could all do with something a bit more quixotic like this ?
An Analyst Questions Dubai on Its Heavy Debt Burden http://tinyurl.com/ygw5hq7
Foreclosures Grow in Housing Market’s Top Tiers http://tinyurl.com/yk4a8ef
Mortgage Delinquencies: SEE Which Counties Have Been Hit the Hardest (MAP) http://tinyurl.com/yjm9j37
@Mep
TnX!
Trade Picture Worsens in August http://tinyurl.com/bhhyp
@ Youri – The AFL-CIO sent out a “lost decade” pdf in their labor day e-mail. It’s pretty sad, but if you want to look through it, it’s here:
http://www.aflcio.org/aboutus/laborday/upload/laborday2009_report.pdf
Also, a couple of graphs that have ongoing deflation written all over them:
1) unemployment rates by county (US): http://www.bls.gov/lau/maps/twmcort.pdf
2) scariest jobs chart ever: http://www.huffingtonpost.com/henry-blodget/the-scariest-jobs-chart-e_b_315910.html
The Lost Generation http://tinyurl.com/ylxwg28
If the Aliens where just as stupid as the Americans they would already have bombed us to “Kingdom come”.
Reading “The Day After Roswell” by Col. Philip J. Corso (Ret.) What happens. Alien spacecraft makes crashlanding which most of the Aliens don’t survive but one does. What do the Americans do when they come on the crashlanding site. They don’t hesitate and immediately shoot the poor Alien in the back!
Ahahahahahahahahah! How stupid can you get!? Think of the intelligent conversation we could have had with the ET. No! The Americans shoot them. Ahahahahahahah!
They also are immediately intentified as “The Enemy” ahahahahahah! The Americans laways are able to surprise me in their stupidity.
@WL
Ahaahahahahahahaha! “preemptive moon bombing” masterly, masterly!
This Bill Moyers interview is a classic:
http://www.pbs.org/moyers/journal/10092009/watch.html
Janet Tavakoli ,….queen of broken hearts and you were a blue plastic bangle encircling aphrodites ivory wrist and i was a red plastic racing car in the court of love [larry] max ,when is she back on the show ? http://www.youtube.com/watch?v=m3NJdzJHNiY
Dr. Dahlia Wasfi deciphers the War and Arab propaganda at IVAW Winter Soldier conference event 03/2008.
http://www.askbutwhy.com/2009/10/dr-dahlia-wasfi-deciphers-propaganda-at.html
UK rates ‘to stay low for years’
http://news.bbc.co.uk/2/hi/business/8301418.stm
Dollar Reaches Breaking Point at Banks Shifting Record Reserves
http://www.bloomberg.com/apps/news?pid=20601087&sid=aS2s2mhDVBSM
@mep
cheers… gonna check out the john lee hooker… looks good… it’s fingerpoppin’ time!!!
Amazing Video in todays context
Nixon Ends Bretton Woods International Monetary System
http://www.youtube.com/watch?v=iRzr1QU6K1o
@ Supergeek – Left you some ear candy over at the Jib Jab thread.
What are the chances that anyone in the IMF would listen to somebody like Janet?
@Supergeek – Many thanks for the Rundgren song on the last thread. Here’s my favorite female artist: http://www.youtube.com/watch?v=qxRzjYqVIa0 (If you click on the link, you MUST crank your volume!)
Gold bowtie:
http://www.telegraph.co.uk/news/picturegalleries/theweekinpictures/6280170/The-week-in-pictures-9-October-2009.html?image=16
@y’all
maybe ‘last chance texaco’
http://www.youtube.com/watch?v=fgj_dVVWM5c
Must watch
Marcy Kaptur and Simon Johnson on Bill Moyers
http://www.pbs.org/moyers/journal/10092009/watch.html
@y’all
ooh everybody is saying it looks like ‘the stoney end’!!!
http://www.youtube.com/watch?v=eM6UczqrIYM
This site is news to me.
Just what the doctor ordered!
24/7 doom and gloom!
Looks like UK.
http://recession.tv/
@Mike from Liverpool
HA!!!
I think he’s right. Thanks for the link.
WL:
LOL!!! Great avantar!!!!!
Notice that during this video about the pre emptive moon bombing, that Obama wins Nobel Peace prize scrolls the bottom of screen.
http://www.youtube.com/watch?v=LNghQOzb_ro&feature=response_watch
Same day over Moscow, this is freaky
http://www.youtube.com/watch?v=nT2jwkCirP0&NR=1
@y’all
I think it’s time for some music!!!
http://www.youtube.com/watch?v=4Bxv_HLwT7U
@y’all
ooops typo: almost never gets there!!!
and I am gonna take my own advice and shut up!
http://www.youtube.com/watch?v=fh4xnsejrmE
@#2
almost never get’s there… nearly won’t quite show!!!
The Dollar is bottoming
http://www.forbes.com/feeds/reuters/2009/10/09/2009-10-09T170956Z_01_N09445318_RTRIDST_0_PRECHTER-DOLLAR-STOCKS-INTERVIEW-UPDATE-1.html
Mike
Totally post-worthy, ladies and gentleman. All you have to do is check it out. …It’s on the front page of Cryptogon!
“50 reasons Obama should NOT have won the Nobel”
http://joshfulton.blogspot.com/2009/10/obama-wins-nobel-peace-prize-hell_10.html
Yes, i think the “TOB” is almost here.
Mike
@WL – Brown Sells Assets
Chop up the furniture to put into the wood stove.
Both are correct
Deflation in real money….gold
Inflation in fiat…that is the Feds job. Fight them at your own risk. They have no constraints whatsoever to create inflation.
WOMP THERE IT IS…. Gold going up again!
@Mini,…….hear ,.hear,….mumble mumble(that’s what they say in the house of commons when they agree)
Our Debt Will Kill Us http://tinyurl.com/ygtp5pb
@Mini US
My sentiments exactly.
Further, if the person had consistently been accurate in the past, he should be sitting on a TON of money, and I doubt we’d be seeing him shilling on CNBC, etc.
Americans Still Delusional About House Prices http://tinyurl.com/yj2vqur
Ah Liverpool people
http://www.liverpoolecho.co.uk/liverpool-news/local-news/2009/10/10/police-helicopter-attacked-at-raf-woodvale-100252-24898625/
Mike
Fed’s Bullard: Don’t underestimate inflation risk http://tinyurl.com/ylf67qs
Russia’s Economy May Shrink `Very Serious’ 7.5% This Year, Medvedev Says http://tinyurl.com/yfmq9kb
After weeks of listening and reading about Inflation and Deflation I have come to a conclusion….
No one knows what is going to happen at all.
All economists and charts talk about what happened in the past and try to project the future.
I will believe an economist when he says “I don’t have a clue what is going to happen”. Especially when governments can change the rules so easily.
It is a fascinating subject but the results are dependent on so many variables that I’m afraid we will just have to wait and see.
In the end there may be an inflationary time and a deflationary time, then ALL these economists will have been correct at some stage. Then they will all write a book about how they were right.
That is part of the future you can count on!
Total Campaign Contributions/Lobbying by TARP Recipients
By Barry Ritholtz – October 11th, 2009, 3:00PM
http://www.ritholtz.com/blog/2009/10/total-campaign-contributions/
Download the file : TARP Recipients.xls
Columns :
Company
Campaign Contributions, 07-08 Cycle
Lobbying Expenditures, 2008
TARP Payment
Return on Investment
I this Browns bottom part 2, The Sequel
Government sells assets as gold set to double
Government to sell off £16 billion of assets
The Government is to sell off £16 billion of assets as part of moves to restore stability to the public finances, Gordon Brown will say on Monday.
http://www.telegraph.co.uk/finance/economics/6300638/Government-to-sell-off-16-billion-of-assets.html
Gold price ‘set to double in four years’
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6294000/Gold-price-set-to–double-in-four-years.html
FWIW,
my wifes friends daughter works in the financial sector in london and she just rang her mum to tell her to stock up on tin food etc as things are about to get really bad. with a crash expected soon which may extend to the banking system being shut down for a perod of time.
Max, you guys getting any rumbles like this?
Two of my favorite financial commentators together in one video.
Delightful, entertaining, and informative.
Thank you.
I’d like to see Marc Faber and Gerald Celente duke it out to win the Doom and Gloom award.
Economics isn’t called ‘the dismal science’ for nothing.
Perhaps Janet doth hedge too much
A note from Janet re the Max interview on Zerohedge
http://www.zerohedge.com/article/janet-tavakoli-financial-system-aig-speculation-commodities-jim-rogers-deflation-inflation-a
“In Chapter 12 of Dear Mr. Buffett I predicted we would be suffering from stagflation by now. I believe this will eventually occur, but I was wrong about how quickly we would be at risk for inflation. We are still feeling the effects of a collapsing asset bubble resulting in demand deflation (except for food, energy and isolated pockets.) Instead of allowing necessary deflation (restructuring of AIG, investment banks and troubled banks), the Fed is trying to paper over the problem. We criticized Japan when it did this (and lost two decades), and now we are doing the same thing.
In the video, I mention I went to cash in 2007 (it sounds like 2000, so perhaps I misspoke). I also mention that “believing economists…” and the audio distortion makes it sound like “bleeding” economists.
In the earlier (posted on maxkeiser.com on October 2) first half of the interview, I misspoke. I meant to say that JPMorgan merged with WaMu (not Wachovia) and Bear Stearns. Shortly thereafter, I mentioned the Wells/Wachovia merger (Wachovia had already done the disastrous Golden West merger).”
Okay Okay, enough already, I’ll buy her book. And buy Love, Sell Fear. I’ll put them both on my Christams list. OK?
Who emptied thisa bottle of wine…..oh it shmust ‘ave beeen shme
AhaAah!
As the sky hinted at dawn, U.S. soldiers went hunting for Taliban in the Arghandab Valley. They had satellite-linked monocles to display the locations of platoons. They could summon an aerial drone to buzz overhead with a surveillance camera. They could call on Kiowa helicopters for search-and-destroy missions.
On this mission, however, one of their most valuable assets was an informant: a farmer with a taste for opium.
“It all came down to one guy who said, ‘The Taliban stole my motorcycle.’ He was high, and he was pissed, and he give us the tip on where to find them,” said Sgt. Kenneth Rickman, 34, of Vandalia, Ill.
@marietta: I was posting the kitco.com recalculation because of the chatter about an “imminent” SDR basket of currencies..and I thought that kitco was getting ahead of the curve…But now that I pull up the 10 year chart I realize why they offer a disclaimer that currencies like the Aussie dollar are @ a lower exchange rate ( aprox.5.6% ) and thus the cumulative basket will by necessity have a varied exchange rate….all in all my take remains the same, in that gold is too political, and silver ( even as an industrial metal ) is the play…I just read from a group in Susanville, CA ( Lassen Metals ) who suggest that a combo of 100 oz. of silver per each oz. of gold is a “proper” investment…I found that suggestion quite interesting…
Dollar Devaluation A Means To Cope With Debt http://tinyurl.com/yzvv44f
@WL,……well said (LOUD APPLAUSE)!!
Current Numbers Dont Add Up To Recovery http://tinyurl.com/ylsjk5a
Where’s My Economic Recovery? http://bit.ly/1QxGbn
Confused
On the Edge
Over the Edge
Cover the Hedge
Janet is a smart cookie, but lots of smart people have other opinions. So, it is best to know nothing as Sgt Schultz, the great philosopher once said. I have been trading, investing, gambling for nine years now and have done very well. I have determined that the less you think you know the better your performance since all knowledge is based on corrupt data more than 50% of the time.
Goldman bonuses double as 275,000 Britons disappear yearly..
Max needs to get to bottom of this…
@WL, dont worry, its just goldman-sachs sucking up some air…
“The British goverment has a car boot sale!
http://news.bbc.co.uk/1/hi/uk_politics/8301787.stm
Mike”
like a crack whore selling everything she has to pay her dealer.
I am just over half-way through
Janet’s Book (Dear Mr. Buffett)
and I have to say it is very enlightening…
especially in regards to the DERIVATIVES garbage…
But I have also gleaned some insight that has helped me to be a more prudent trader/investor
for example, Mr. Buffett’s advice:
if you don’t understand something, don’t invest in it
Seems obvious, but sometimes the simplicity of a statement drives the point home (like Max when he said “Cut your losses short, let your profits rise”)
Thanx again M&S for recommending it…
I look forward to the next book that has you two all abuzz…
Janet has quite the background:
Tavakoli is also the former Executive Director and Head of Financial Engineering for the Global Capital Markets Group of WestLB in London…
Giant Obama O signal seen over Moscow. Apparently it is a call to the President that help is needed somewhere although it could be a call to Oprah as their O signal has a similar circular shape
On Russia Today
http://www.youtube.com/watch?v=9I8tbJzPOsQ
Janet is right on.
@Macy
Just watched Death of the Dollar 2 ‘cos I thought I remembered something; and I was right.
Dr Gerard Lyons who you interviewed said (in 2007) the gulf nations would move away from the dollar and price oil in a “basket of currencies”.
I think he deserves a pat on the back for that one considering Fisk’s recent article.
Death of the Dollar 2 Part 2
http://www.youtube.com/watch?v=HdrNbhdl7uU&feature=channel
Interesting
The missing: Each year, 275,000 Britons disappear
http://www.independent.co.uk/news/uk/home-news/the-missing-each-year-275000-britons-disappear-1801010.html
Related
Golden Goldman: Bonuses set to double this year
http://www.independent.co.uk/news/business/news/golden-goldman-bonuses-set-to-double-this-year-1800791.html
Great story .. must watch !
Jon Stewart Show …
http://www.thedailyshow.com/watch/wed-october-7-2009/william-kamkwamba
Sort of ironic that this African boy builds a solution for green energy with not a single penny in his pocket !
The British goverment has a car boot sale!
http://news.bbc.co.uk/1/hi/uk_politics/8301787.stm
Mike
Re: Commodities- People have to eat, and gold is hard and lacking in nutrition. If you invest in land, don’t do it for the value of the land, but for what it can produce. I have already beat Janet, I have my “farm”… I just finished putting in the winter garden. If you have the space, planting a garden is a good idea.
Tom the Dancing Bug
Hollingsworth Hound, banker: We know what you did!
By Ruben Bolling
http://www.salon.com/comics/boll/2009/09/24/boll/index.html
@Janet T.: wouldn’t it better that she might request a JUBILEE…as the IMF will do very little to the bankers and the oligarchy that pays their salaries….
@Danny …”Interesting video on the Petrodollar”
I hate to brag, but the video explains exactly what I predicted in 1999, while we were reprogramming out Swaps system for Euro “book-money” – dual currencies etc.
I said then that The US$ reserve currency monopoly was about to be challenged ad would lead to WW economic and currency volatility if not wars.
I also read the University of Salzburg Summer school report which was written after all the big oil names in the world met in Salzburg 2001. The PDF was abotu 35 pages, whereby the “Conclusions” stated quite simply that the only “pure” oil ( easy to extract ) known to be available was in north Iraq. The rest is history of course.
Remember those “mysterious cutting of undersea cables” that rendered Teheran cut off just before they were about to open their new oil exchange ? …. of course, the official MSM story was that it was just a series of accidents ( LOL .. a series of coincidences ) !
It’s just amazing how the Govts. just continually lie to the people that elected them .. Sheesh !
@Tallulah
Made me think of Phyllis Diller.
You know, the options market is rarely discussed because you can accomplish with options what you would otherwise like to see in the stock market.
Its the same with derivatives. They are very much like the participating bonds of the gilded age, but with no material backing, just an assigned variable in a software programme.
If you ask me, I would say somebody knew their market history and merely implemented their most rigged, self-interested bet using an obsolete example from history, because the laws had long been forgotten. A form of participating bond dug up out of the Gilded Age that got another name, and spread like wildfire.
The complaint is that the anti fraud laws governing legerdemain are of a primitive framework only relevant to the 1930′s, a bygone era, but I beg to differ. Participating bonds are from an era which precedes the 1929 bubble and crash, going back in history to the railway bubble. In the 1920′s what caused the problem were the trusts. But in every era of financial collapse we saw increasing reliance on interest rate bets.
There simply aren’t any laws governing fraud, because the financial structures such as pyramided participating bonds structures like derivatives are exhumed from an era long forgotten.
WOW!!! and she gets to direct those types of comments to the IMF???….will the BIS folks be in the room too?? And INTERPOL?? and is she just one voice against the entire financial empire? Is this invitation by the IMF a token gesture to accommodate the critics?? Will the openly repeated response be that: “we must move forward”….isn’t that how POTUS gets away without any prosecutions against the Bush crowd for war crimes, etc…it seems all the rules ( BASEL I, II AND III, SEC, FTC, state and federal accounting rules )>>>Didn’t the SCOTUS hear a case against the bankers involvement in the ENRON fiasco and they were exonerated from prosecution as advising ENRON about the unscrupulous/illegal
deals????>>>are being circumvented….what hopeful result was she thinking her presence @ the IMF might conjure???
I don’t understand Janet’s reluctance to accept that among the goals of the perpetrators (or their handlers), could be some of the very things she’s warning about. Collapsing the US and other western nations in a prolonged and highly volatile way is a great way to steal vast wealth, place it wherever they please, get away with it, and put processes in place to gain and maintain even greater control over their slaves.
Most of what “free” people do serves the wealthy. What “free” people get to “choose” is how to manage the resources needed to maintain a slave, all the while helping to keep markets stable and themselves motivated. If they don’t have what they want in life, they have to either “work harder” through the very systems that create wealth for the rich, or be content without what they want because they are “failures”. If they are able to pay and borrow and toil their way through to “success” the majority of their efforts will have supported the very system that enslaved they and their peers and done far more to make the rich richer than they themselves. But that isn’t good enough for the rich. They need to prevent dilution to their stake in Planet Slavery. This is yet another one of those cyclical times when the rich steal those surpluses back from droves of “successful” slaves.
However this time it is different. The rich are abandoning the Carrot and Stick motivations for slaves who believe they are free. The new model is better Sticks for slaves who will either know they are slaves or believe they are an inferior sub-race beneath the “elites”, and virtual Carrots, even the mere promise of a chance of virtual Carrots. This time is the last time.
A DEBT MORATORIUM FOR ICELAND
http://actindependent.org/icelandprogram.pdf
Interesting video on the Petrodollar/why america attacked iraq/ what would happen if oil was priced in euros
http://www.brasschecktv.com/page/349.html
@Max,Stacy and Janet … ” Economists ”
Maybe we should make this the (dirty) Word of the Year ?
… or make all their degrees a misqualification … like “you were all duped , and nobody noticed” !
Tallulah!
The Gold Max Keiser 1 of 6
http://www.youtube.com/watch?v=vo64kGRwehQ&feature=rec-HM-fresh+div
Starts off with 1.10.2009 Jeff Rense interview… starts at ca. 1:30 mins.
with his hair like that he reminds me of astroboy
Thanks for the surprise treat!
Ha!ha! first!