Stacy Summary: Max has been on Five Live for the past twenty minutes. It was only supposed to be five minutes and they are keeping him on longer now if you want to tune in.
Will try to get the audio up later. Here it is (I didn’t get the very opening bit yet) . . Download here for Max on Five Live
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Morning Stacy
Mike
Some print paper, some BUY Gold!
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_ci2mt_znHU&pos=7
Mike
@Stacy …. I noticed Max paused when looking for another word for “fraud” .. and chose “malfeasance”.
I was on the edge just before he said it … thinking “will he say it, will he say it ? “!
BTW .. does he have to be more careful in the UK maybe ?
The Crisis of Credit Visualized – Part 1
http://www.youtube.com/watch?v=Q0zEXdDO5JU
The Crisis of Credit Visualized – Part 2
http://www.youtube.com/watch?v=iYhDkZjKBEw&feature=channel
@Bonn
Great find. All in all the Fed’s low interest rates 1% is the route of the crisis because in any instance even if CDO’s aren’t created the financial institutions are going to concoct a scheme to make money. Cheap money like the interest rates now are going to cause another bubble/crisis
@ Joe
I actually saw that nice Presentation last year and Kinda forgot about it then By the Powers of Google found it again ROFL
Cause before that i sometimes Could’nt Understand what Max and Stacey were talkin about . Cause i am a Comp. Sc. Grad. n i had trouble understanding Balance Sheets when i did my MBA still dont understand em ROLF But that nice presentation made me understand what the Banks have on thier Balance Sheets a.k.a TOXIC Assets. I Belive the next Buble is the Commercial Real Estate
@Bonn
Yes being a current undergrad in finance & economics (after changing my major from comp science) lol I found this blog and Max a couple months ago and thats when my actual schooling began. Self- educated people motivated by their own pursuit of knowledge seem to be the most knowledgeable. But back to the crisis. Like Max’s piece on Icelands collapse (done a few yrs back) thesis was based on how cheap credit inevitably leads to bubble and bust cycles and collapse.
Current policy in the U.S. is obviously fueled by the special interest with no intent on actual long term growth. U.S had and still has a window in becoming a market in which renewable energy could be developed & manufactured. Instead keeping the current bubble inflated & helping out Wall St. seems to be at the forefront of current policy.
why don’t you tell people about Goldman Sachs and creating global worming scare.
@Bonn
Commercial Real estate bubble seems to be popping now from most of the articles I have read (provided by the fine people on here)
@jacek
Global warming whether true or not in my opinion isn’t the need for a renewable energies market, its peakoil & the reliance on Oil. Once that becomes exhausted it will hit the world like a ton of bricks and the only countries that survive will be the ones that put themselves in the position like China and Germany, Spain to be able to have sustainable energy without the reliance on Middle east oil
@ Joe
Gerald Celente has pridicted the Commercial Real Estate buble. How are the Malls doing in your City ?
Christmas Shopping OFC i Hate Malls i prefer Mom and Pop Stores i hate Crowds
@Bonn
I Live in outskirts of D.C. so any signs of the actual crisis or main street rape are hard to find being that this area has gone largely unaffected. Malls seem to be working as usual but im sure most outside are a barren wasteland.
My area is largely high tech jobs and government & government contractors.
Cool one of the Guests got the Rothchilds name into the discussion
Great call in about the founding of the BoE under William of Orange. I had only read about that before. Will have to listen to Five Live more.
@Max … nice job offer …. run the UK banks !
Nice to hear that UK’ers are on the ball.
And Notice how the BBC guy immediately says Conspiracy Theory ? They Dont Understand most People have nothing Now Like the 68 year old Icelander Who has to find a Job Now that his/her Pension Fund which invested in AAA companies which went bust. My heart goes out to all the Oldies who lost thier Pensions. And the Govt. Scum will Probably open an old age home and Say “See we are helping them Vote for me ” When they are the very people who robbed the old people most of em have no clue about those ponzie Schemes.
@bonn yeah that caller was great
would like to see celente on the edge with max
oh!!! and max was great
Ladies and Gentlemen, the United States of America Is Insolvent
http://bit.ly/1aEBwR
RBS to sell off more assets under EU pressure
I Still think the Euro is the next Global Currency
http://siouxcityjournal.com/business/article_69a0312e-b102-5649-8b7a-333cd04e76a5.html
@Bonn … “I Still think the Euro is the next Global Currency”
You mean Reserve Currency of course !
Max was brilliant! The Scottish caller didn’t get cut off either!
@Joe, Nice chart. Federal debt to GDP ratio is at a high not seen since WWII. At least there is a “reasonably good baseball World Series.”
A Visual History of theFederal Reserve System
http://financialgraphart.com/history_of_fed_free.pdf
If I had a choice, I think I’d go for the ‘Really Bad’ Bank. Just to be fancy.
To keep the U.S. from becoming insolvent it would either have to raise taxes by close to 50% or by inflating the currency to insane amounts – Daily Reckoning
Quick fun fact: The Pentagon spends $1 million a second
I was reading somewhere well the story goes These stupid Lunatics Figured out that you could tax people upto 70 % till you get a revolution. So if till now you were paying 40 % tax plus add 9 % inflation as tax too So All in All you are currently pay 49 % tax. But Now that the Coffers are emptying Higher Taxes on route.
See No one calls Inflation TAX.
Noam Chomsky Doubts Change from Obama http://j.mp/2NAOAu
On the ball Keiser.
@Max: You go Max…I compliment you for your very calm demeanor; as the Scottish bloke obviously knew his BOE/William of Orange/Rothschilds history…yet if I am not mistaken the utilization of Jewish bankers goes even further back in English history to sometime in the 12th century when wandering Jews were given the royal seal to collect and account for the King’s taxes…as true Christians weren’t permitted to perform such a lowly task…they were eventually banned from Britain and returned at a more recent date….This “clerk” position, as opposed to one that exuded a masculine activity( ie: logging the Black forest or herding or construction ) was frowned upon in some Germanic countries so in effect the Jewish merchant class evolved because the majority populous denigrated the task of accounting as an inferior activity…so lo and behold the “clerk’ has taken charge of the banking system( and the entire economic structure )….and with the acceptance of fractional reserve banking and usury ( at extreme rates ) this class of people have become the geeks who took over…IMO
Brit Explosives Expert Killed http://bit.ly/3hfbyS this is terribly sad.it was last day on tour-had helped diffuse 64 IEDs
Government Statistics and Lies by Ron Paul! http://3.ly/rg9
US economy transformed from what Harvard historian calls an empire of production(which is what helped win WW2)to an empire of consumption
@ Joe
Brit Explosives Expert Killed
He Shouldnt have gone there in the first place.
@Max: I guess my prior post is awaiting moderation…
@Bonn: exactly spot on..as long as they control the vocabulary..well we all know that saving the TBTF banks is the primary goal..even though as Max rightly notes for a JUBILEE it would have only taken $11 trillion rather than the already $23.5 trillion that has virtually masked the damage and postponed the inevitable dollar crash…but those of us who have been paying attention to this fiasco for longer than the last 5 years have already become aware that the PTB are circling the wagons and only protecting their interests..and dear Bonn their interests have nothing to do with the masses or working poor…or you or I But thanks Max for mentioning a potential tax on the wealthy I’m certain they had that thought go in one ear and out the other…”being in the pockets”….I find it appropriate that you live in Paris, as it was the setting for the Tale of Two Cites…and a Jacobin Revolution
This is never going to stop.. where f— is MY bailout
@Joe:
Obama said “we’re out of money now” last May:
http://www.drudgereport.com/flashocs.htm
Despite the Scotsmans rapid speech and conspiratorial tone everything he said was true.
I thought that the earlier caller that was discussing lending 35,000 pounds was interesting. Lend or gift? Would gift just add to price inflation while lend just add to household debt?
@frances
I guess thats always the political tool to help get elected “were broke so elect me and ill fix it”… Too bad any type of solution to it is never presented.
I like the government solution of lets pour more money into the banking and financial sector and hope they lend to small business’
@ Richard@lattitude30N
and dear Bonn their interests have nothing to do with the masses or working poor…
I know that they dont care about us.thats why next year i make good of my investments and hopefully play Golf for the Rest of my Life.
@Bonn: well done …so you are going to tee off when the flames begin to be kindled???next year???
On Nov. 8th a CC 2009 convention will gather…a repeat of the Continental Congress of the 1775??? Maybe..
http://givemeliberty.org/
Just in case those in America think that no action is taking place…They originally met on Jekyll Island last summer to discuss the project…..may prove interesting..would like to see Max and film crew there…at least they plan on having it televised on the internet in real time
@ Richard@lattitude30N
These Lunatics Like The Rothchilds are gonna fail they have intermarried amonst cousins to preserve thier Wealth and have Dummed themselves down. They Dont know there are much Smarter people than Em.this NWO they want to setup .Thier familys are going to be laughed at for centurys heceforth. I personally will tell my childeren See kids these Familys wanted to take over the world thats why all toilets hensforth should be called Rothchilds ROFL
imo the bankers are frontmen just like politicians
Little action at Tokyo auto show
http://www.metronews.ca/toronto/comment/article/352295–little-action-at-tokyo-auto-show
“This year’s show was also notable for the absence of every major non-Japanese automaker. No Ford, No VW no Fiat, No Jaguar. Not even a representative from nearby Korea.”
That Scotsman should get a show of his own. Could be the most informative show on radio.
LOL Mickey Mouse banking system – Get em’ max
sorry, dumb tech question. my windows media player won’t play the file. what player do I need to download to be able to listen to this? thanks
@ JEff S
Neither would mine. Go to the website http://www.bbc.co.uk/podcasts/series/5lnpi and on the right Play “another bailout for the banks” Or save it from the left
@ Max comment about raising marginal rate for speculative bank lending
Amateur Keensian criticism – If the banking system can create the speculative loan first and then cover the deposit later does it matter whether the marginal rate is higher? If the spec bet pays off big it can cover lower or higher rate, if it fails then taxpayer bailout.
If the system works fractional style then yes the cost of the initial deposit would matter. Or would it anyway?
In other words, is it more a matter of not allowing spec lending than the cost of money to them.
(I’m not pretending to know anything)
@ Joe
LOL Mickey Mouse banking system – Get em’ max
yeah nice one Max hits one outta the park ROFL
Joe,
many thanks
What I despise is the deceit,.you know,…to get folk all worked up against the banking establishment (intended objective) and lead them into the new system.
The clever thing being,..most folk will think it’s their decision lol
@ Dedo
The clever thing being,..most folk will think it’s their decision lol
You Nailed that Dedo. Covertly make the problem (well in this case not so covertly in this case) provide a solution . WHAM NWO Global Government. Hats of to David Icke for figuring out how these Bulderberg Group functions -the Rothchilds,Rokerrfellas,Rupert Murdoch.Lunatics.
ROFL
Problem – Reaction – Solution NWO’s stupid Antics
Hey Max & Stacy,
a lovely unemployed chap from Ireland calling. I’d love to see Max interview our celeb economist David McWilliams, it would be the interview of interviews!!!
Hope you contact him.
Slán,
Paul
http://www.davidmcwilliams.ie
Stacy show this to max, his articles show how the Gov in Ireland is screwing the citizens!!!
@Stacy and Max:
The audio for the Five Live phone-in is on the iplayer of course – you’ll have to play it and record the play-back to keep it for all time as it will disappear from the iplayer at some point..
http://www.bbc.co.uk/iplayer/episode/b00nmz09/5_live_Breakfast_Phonein_03_11_2009/
Max starts at 34:50
@Nat – thanks, I got it; will post it tomorrow as I am in the middle of writing script so can’t do a proper upload right now
@Stacy and Max
..and the earlier interview is here:
http://www.bbc.co.uk/iplayer/episode/b00nmyzz/5_live_Breakfast_03_11_2009/
Segment starts at 2:06:20
@ Stacy
My pleasure!
A spoken script?
Can we all throw some jokes at Stacy so she can’t help but write them in?
Who’s got one?
@maxkeiser.co
cheers for the download… enjoying… listening now!!!
You were great Max. I laughed out loud, when the commentator after signing you off Max, he sighed and said “I’m exhausted”
Just like I feel. So much information coming at you from all directions. At least most of it does not contridict unless you are watching MSN.
My Senator from Washington Maria Cantwell, has commented on MSN, that she does not understand why Geitner still has a job! “Considering that we now know what is track record is and has been, he should not continue to have the job he has” Maria is a very sharp knife in the drawer as they say.
“Mickey Mouse Banking System”
LOL
You forgot to say what time you posted.
You’re a sweetie though I let you of xx
hey Stacy
voici une version youtube de son inverview sur la bbc
http://www.youtube.com/watch?v=5dsW3Viw9Rc
Max Keiser on BBC Radio 5 Live November 3rd 2009 margin rate
Max was quality as usual. The problem with guys like ‘Thomas from Glasgow’ is that they feel they’re going to be cut off if they mention ‘Rothschild’ or anything similar so they sort of blurt out a stream of soundbites in a desperate sounding fashion. When Joe Bloggs driving down the M1 hears this, rather than take in the information, he tends to think said caller has a screw loose. So my advice to Thomas from Glasgow would be to chill out, explain things calmly and provide references to your points. . I think both Alex Jones & Max are good at doing this and it makes their views a lot more credible. If Max can get on to very mainstream UK breakfast shows like Nicky Campbells (and other 5Live programs), it shows that even the MSM can’t ignore the outrage felt by most of the public in the UK and elsewhere.
Well put Bhondiboy!
HEY MAX,
I am getting real feed-up with your dumb American talk, you are no leader, you do not have ONE CLUE on how to avoid or fix this current finacial f-10 tornado about to hit the whole world. You act like you have all the answers. What do you what us to do Max, WHAT? We have no control over all of this hell on earth, there are many, including myself who have seen way ahead what was happening, but the American people were not united and not awake to it, WE ARE WAKING UP NOW.
You would do well to listen to Stacy, she said commenting on your speech, that we “Are all pheasants, MAX.” She is wiser than you and if you really let her talk to you, she will tell you that you need to straighten yourself out and stop punishing people for something that is out of there control, I am no push over MAX, because were this hole world is headed is, push comes to shove and I would rather be in my 6 foot 6 inch 230 pound frame, than your 5 foot 5 inch 130 pound frame. You need to wise up, because one day you will need protection to, you are not safe in your world either. Show compassion, please.