Stacy Summary: Morning. I’m reading this article about Rogers v Roubini.
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November 5th, 2009 by
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Max explains Wall St.'s financial terrorism to radio listeners in Moscow
Dell accused of getting $6 billion from secret Intel pact
By Ben Charny
(Updates with comment from AMD. Adds length of the lawsuit.)
SAN FRANCISCO (MarketWatch) — Dell Inc. (DELL 14.59, 0.00, 0.00%) allegedly received
billions of dollars in payments over a four-year period to use chips made by Intel Corp. (INTC 18.59, +0.23, +1.25%) , payments that sometimes totaled more than the computer
maker’s reported profits for a fiscal quarter, according to a lawsuit filed on Wednesday.
Dell, the world’s third-biggest computer maker based on shipments, was allegedly paid about $6 billion between February 2002 and January 2007, according to the lawsuit. In one fiscal quarter, the lawsuit says payments from Intel constituted 116% of Dell’s reported net income.
…
…
http://www.marketwatch.com/story/dell-accused-of-getting-6-billion-from-secret-intel-pact-2009-11-04
Well, it something we ( AMD shareholders ) always suspected … for over 10 years.
And “Only Now” … do they investigate !
@mother,..anthropomorphic climate change,..get it right!
The climate always frickin’ changes numbnuts.
@developero
Do you know of other countries with such ridiculous taxes on bullion?
@dedo
Nothing wrong with my nuts..Would you make the bet?
I’d bet anyone worth betting!
@maxkeiser – I am an environmentalist.. that is why I buy gold.
I like that answer. Now tell me, is Iceland really run by lesbian vampires? I might just have to book a flight and go and have a look. I’m sure the environment won’t mind. Just this once.
@ Mother Earth
When you buy a yacht, let me know and the wager is On.
@ Steve
The UK is in huge trouble. What’s one more lie worth?
@NicAbbo77: “I am an environmentalist…but it’s way too late..” You have hit the nail on the head….in a way…The Black Swan lurking on the horizon is the one for the CO2 and methane emissions yet to be released from under the now ( and future ) melted Arctic tundra which will amount to 10X the amount ever cumulatively recorded so far…that for me is the untold story…if the PTB can convince the taxpaying populous that a tax now is small enough to not rock the cradle too hard then when this slow and steady massive emission of future CO2 and methane gases that will inevitably release from the tundra actually is released then they stand to gain a massive new source of revenue( as they raise the carbon tax)…that is if the planet doesn’t become become totally tropical by then…yes folks nature has a storage facility in the tundra of 10X all measured CO2 and methane!!!!!!!!!!! If what we have measured today is considered massive then what might they say as that 10X amount is being released in the future….Much like the solar rays that are bombarding us daily..as Clif High points out we might be in for a massive visitor of gamma and electromagnetic rays the likes of which only the dinosaurs witnessed…and we know what happened to them…or do we??
@BlackDauglas
Rauni Kilde, former Finish minister of Health?? Chinese whispers in operation there or hyping her up for extra credibility ..
She’s a former provincial medical officer of Lapland, population 185 000 – a bit like being in charge of medical matters of the Scottish Highlands except even more remote and isolated.
You should also hear her talk about how she came to realise the streetlamps in her home town had changed (new type of bulb?) and were now used for mind control..
Hear her talk of how a UFO made a forcefield around her and stopped her motorbike from crushing her in an accident.
@ All
Please can we not tarnish the credibility of Max and Stacy by turning the comments section into a UFO and Conspiracy Theory Forum? Even if the conspiracy theories are true, it still turns people away from the truth about financial markets which is what this place is all about.
Well ok, political and economic conspiracies only please…
Who on this forum is sooo omnipotent, they can perceive the grand scheme of things,…just out of curiosity.
I know mother is one,…any more takers?
@Nat,..it’s symbiotic, don’t knock it!
Niall Ferguson Discusses U.S. Dollar on charle rose just a few hours ago…feels that chinas rise to power is being overlooked and the us needs to either accept it as uk accepted the us rise…or align with india….also says buffetts buying of RR was stupid….
BTW,..Thanks for eventually bringing up Carbon Credits as a means of exchange for the world Max,…about time!
@max
“it is within the capabilities of humans to mimic nature and create low friction exchanges.. adam smiths ideas have a great deal of merit.. but the implementation and execution of these ideas has been horrible and it’s getting worse as all sorts of ‘negative’ feedback loops creep into the system promising assured destruction of the entire system.”
Oh come on Max! If we would use gold (nature) and prohibit the strictly banking business (you would still have banks but they would be prevented to do exactly what a bank do. They would be two separate entities, one a savings warehouse, the other an investment bank) the system would work fine. Let’s not get mystical. Capitalism works.
@Richard@lattitude30N …. Methane
Yes , you are right ( posted on this weeks ago ).
The Siberian tundra is releasing massive amounts methane right “now” due to the permafrost melting .. and methane is far more harmful than CO2.
There were some YT videos of some young Russian guys igniting methane bubbling from under the small lakes in Siberia. … pretty impressive !
… permafrost. Under its surface lies a climatic time-bomb. Methane, a greenhouse gas 20 times more powerful than carbon dioxide. If the …
http://www.youtube.com/watch?v=jqxENMKaeCU
@ max & Stacey
By the way, you still have to come clean about your opinions on CO2 and the alleged CO2 scam (not talking about other REAL pollution like heavy minerals in the atmosphere).
Nobody is is obliged to know everything. If you haven’t figured out a position where to stand in the issue just say it so but tell us clearly…. please
@Max: another scary possible future scenario: what if we are being held captive just long enough to allow China to become the new “western style” economy and await them to have a independent booming domestic economy that will allow them to securitise every form of their debt structures as we have just witnessed here???? ( ala securitised mortgages( both residential and commercial), securitised credit card debts, auto loan debts and student loan debt and also capture all their pensions and localized state treasuries to boot??????????? And the same for India????well that brings to the table more massive “growth” for the financial oligarchs and their minions as years go forth…since they have the MSM convinced that by pumping massive bailouts into the banking industry is evidence that we are out of the recession …they could run that scenario again..this time in Asia for even greater profits..maybe we are only a test case!!!!!>>>>just a thought…
@ Danny You may be interested? What a system?
http://www.thisislondon.co.uk/standard/article-23763489-40-percent-of-london-families-receive-housing-benefit.do
http://www.telegraph.co.uk/comment/telegraph-view/6475309/Why-are-we-paying-child-benefit-in-Poland.html
http://www.realwire.com/release_detail.asp?ReleaseID=14108
http://www.insidehousing.co.uk/story.aspx?storycode=6507116
http://www.spectator.co.uk/coffeehouse/5501443/the-bills-just-keep-coming-in.thtml
“the dollar-gets-destroyed adjusted impact of gold on the environment that results from the destruction of the US dollar and the global fractional reserve, fiat money system is minimal”
Are you one of the wise ones, Max? If not, how can you make this prognosis.
What will the pricing system be for gold? Who decides how much gold will be priced in the new system? Your patron must know: could you vouchsafe we “cake-eaters” the info?
It’s easy to be a winner when one is an insider, eh Max? Nudge Nudge, wink wink.
Wont the Banks be the major recipient of housing benefit in the end given that they are the majority assist holder in this class?
So in order that house values are maintained then it must be required that benefit bills via housing be increased, to make up for any short fall? Am I wrong?
Top ten areas receiving housing benefit:
Hackney – 41.9%
Tower Hamlets – 38.1%
Newham – 36.9%
Haringey – 33.9%
Islington – 33.5%
Glasgow City – 31.5%
Lambeth – 30.4%
Manchester – 30.3%
Southwark – 30.1%
Brent – 30.0%
@Nat …. UFOs / Please can we not tarnish the credibility of Max and Stacy
That is why Stacy introduced the “Jibber Jabber” theme.
.. and I agree, except of course that we regulars have “talked the causes of the financial meltdown” almost to death …which is some relaxation and entertainment is not a bad idea…. IMO !
@Dedo.. stuff about earth still being here
Well, yes quite! Nature as a whole, i.e. the planet, will be fine and will adjust – it’s just these silly humans on it that are clinging on to the status quo instead of accepting they are part of nature too. Consciousness is a burden in that sense.
@Adam C
The psychology of belief is interesting and plays a massive part in the climate change debate.
There is often the statement that it is better to believe in (Christian) god than not, just as an insurance policy against going to hell.
Because the majority don’t get involved in science in their lives it can be just seen as another religion by many and used as such (as opposed to being part of every day learning from experience).
Still, none of that actually gets you closer to the truth of whether god actually exists or whether climate change is real or not.
Time can only reveal the truth, by which time it is too late to change your mind.
The majority of us are left to make up our minds through basic beliefs and yes, we then all see what we want to see..
Trying to shame each other into the ‘correct position’ won’t help and won’t work.
I can see the opinions get even more entrenched, but I don’t see anyone using actual science to defend their position.
Evidence. Science. These are the foundations of productive debate. This is the way we’ll save ourselves from ourselves.
The supreme virtue (IMHO) is to admit when you’re wrong and save yourself the anguish over problems already solved, evidence already gathered.
I’ll even quote a most virtuous man (!)
“Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.” — George Soros
Let’s first agree on the way to do science: continual skepticism over our imperfect models with an eagerness to improve our understanding by incorporating the latest evidence.
These are the questions still unanswered by those who ‘believe’ in man-made/CO2-driven climate change:
The Skeptics Handbook
http://joannenova.com.au/global-warming
The observed data (links provided in previous comment, though the actual research paper hasn’t been published or peer-reviewed yet) is showing that CO2 doesn’t play as a large a factor in climate change as the models predicted. I’m not a scientist but I can read a graph and I trust that swarms of scientists will interrogate the research and review the findings honestly.
Here’s a video.
Cooler Heads Event with Dr. Richard Lindzen on Cap and Trade
http://www.blip.tv/file/2784851
Focus not on the man (appeals to authority), focus on the data, the evidence.
We all manage to stay focused on evidence perfectly well when taking about currencies and stock prices. Why’s the climate debate any different??
“carbon trading is fine”
Well, golly gumption. Time to trade on the new futures: death. Surenuff. And how many deaths would be appropriate? Well, if it’s good for ecology, then billions, right?
“pricing carbon is not a bad idea… it’s a good idea
but you can’t expect carbon trading to work if GS, JPM and the rest manipulate and abuse the system as they do now with currencies, bonds, stocks, options, and futures”
Course not. Gotta have monopoly interest on that one: can’t let too many fingers grasp the ecological futures market!
No abuse! NO risk for the common man! Max has got to start a new religion: why not? Maxumus regalus to tell the world, well, he didn’t ever really believe in the free market, just liked being a pirate! We’ll worship the earth instead of money! Down with money! How utterly profitable for the few!
@Phil “.. and I agree, except of course that we regulars have “talked the causes of the financial meltdown” almost to death …which is some relaxation and entertainment is not a bad idea…. IMO !”
You’re quite right. I’ll try to see them in a different light and not be so serious. And Dido’s also right in that there is some symbioticy (made that word up) going on.
Just like to keep Max and Stacy well polished and tarnish free.
“Why’s the climate debate any different??”
Dogma trumps science in that the people behind the lucrative insider trading now see climate science as an aide for worldwide hegemony. We owned the currency: we see you as a product of a dollar reserve currency we owned and created: we own you. Syllogism from hell.
“I’ll try to see them in a different light and not be so serious.”
The complete breakdown of the fractional reserve system and the ensuing death of billions is not serious?
“Profit `Not Satanic,’ Barclays Says, After Goldman Invokes Jesus ”
http://www.bloomberg.com/apps/news?pid=20601109&sid=aySZ9TS.aODA&pos=11
This entire article completely missed the point (and the truth). IMO it is nether profit nor income disparity that is the problem.
Why is this so difficult for most to understand.
If profits come to one as the result of FRAUD and theft, then the profits are not legitimate. Then one group prospers at the true expense of others.
Stealing from the taxpayers through blatant corruption and then telling the masses that this wealth was obtained because of “talent” is outright BS. The only talent there is the talent to be a better sociopath than someone else.
And giving those profits to charity makes not one bit of difference! That is essentially hush money to another group with the intention of shutting them up. Or conversely, blackmail if the other demands a share of the take (on threat of exposing or calling attention to the deceit).
The group or person accepting that money is equally responsible for perpetuating the corrupt system. In a free society, if one makes an honest profit, one does not have duty to “be extravagantly generous”. That is an attempt by the church to extort.
The world has gone mad…. or has it always been this way?
WOW, just WOW
First, there is no science that proves carbon causes global warming, if anyone has it lets see it? Don’t give me theories..
It is purely an hypothesis, not science. Any real scientist knows the difference.
Intelligent individuals who really examine the issue will find that it is not scientifically proven. Believers are either naive or corrupt.
It is a faith, cult, religion to believe that you are part of a shared construct that makes you fell superior or righteous. Unfortunately, it is not science but that is the human condition. The desire to make sense of things even when not based in fact, that is the creation of myth. The global warming myth.
The climate has changed forever, without carbon we would not have life.
“It is the Sun, stupid.”
Frankly, anyone that believes that this is anything more than an hypothesis loses all credibility.
this was posted earlier: so here is the C2Cam summary of Craig Hulets take on the world financial terrorists:
Analyst of geopolitics and foreign policy, Craig B. Hulet discussed how the banking bailouts were put in place by a “thugocracy” that has set the stage for a global financial system that excludes the United States. The thugocracy is composed of a group of banks that have acted like extortionists on an unprecedented scale, he commented. The President doesn’t have the power “to stop the global regime of economic interdependence,” which is how this group refers to itself. “I call them a medieval corporate regime that’s hi-tech. It’s a monstrosity that the world’s never seen and because of technology, it’s going to make our lives an absolute hell” and we’ll have no civil rights left, he exclaimed.
A whole new system of governance is in the works, and the US is not going to be part of it, he continued. Hulet outlined how credit card companies are reducing or removing Americans’ credit lines– this will be completed by July 2010, and people will be forced to save money instead. This money, he detailed, will be used for loans and investments in new markets like China. US companies are continuing to move offshore, and 40% of all trade is now between international corporations rather than nations, he added.
Hulet also talked about geopolitics including terrorism, conflicts in the Middle East, and the 9-11 attacks. There was covered-up intelligence evidence that “nation states” (possibly including Saudi Arabia) were involved in setting up the attacks, he noted.
@WL – I am fairly convinced of the science that the universe is many billions of years old and that, after a very long process of evolution, modern humans have been around for about 200,000 years; but I do know that about 40% of Americans look at that same exact science and call it a fraud perpetrated upon humanity; same evidence, different conclusions/beliefs
@frances snoot
I’m optimistic that a genuine collective intelligence is emerging from all the cognitive surplus being unleashed by the internet.
http://en.wikipedia.org/wiki/Cognitive_surplus
As much as I enjoy speculating on how people’s basic psychology is manipulated by the sociopaths and psychopaths amongst us, I’m still hopeful that all the joys of campaigning (Obama, Climate Change, Perceived ‘Hate Crimes’, etc) will be put to honest uses rather than just pandering to people’s narcissism or triggerhappy moral indignation.
I kinda see all the internet as one massive scientific method hothouse, and it’ll soon be appreciated that to enjoy it fully means directing your activity to real causes with tangle outcomes that we can all enjoy. Depth of engagement will be necessary to keep up with the story. (A bit like LOST – Ahem!)
The personal attention bubbles these campaigning issues inflate are a kind of ponzi scheme and there simply isn’t an infinite supply of new people coming onto the internet to keep it all going.
But still, this climate change ‘debate’ (the anti-science, anti-evidence aspect of it) sets a unimaginably dangerous precedent.
It was perhaps the next scale up from belief in weapons of mass destruction in Iraq – without evidence. Or belief that if we don’t bailout the banks the global economy will implode – without evidence. Obvious lies to which we are numbing.
Or are we just entering into a more superstitious ‘dark’ age? It could be exciting.
“Or are we just entering into a more superstitious ‘dark’ age? It could be exciting.”
Yes, if trying to decide between eating your cat or your dog could be termed ‘exciting’.
“I’m optimistic that a genuine collective intelligence is emerging from all the cognitive surplus being unleashed by the internet.”
HAHAHAHAHAHAHAHA
Does this collective intelligence have a trump card? Do the masses ever follow anyone intelligent? Do the ‘wise ones’ want intelligence or just mass murder, mayhem, and then complete control?
Adam C
Maybe it’s part of the master slave / serf mindset that Max talks about
These hidden beliefs are powerful and are passed on from generation to generation
So when the authorities tell us something via the established news media many people accept this without question whether it’s global warming, weapons of mass destruction or banker bailouts.
Global Warming or not, renewable energy is necessary… unlike @Illya i along with a majority of people know oil is not abiotic and an infinite resource.
@Fibon
Yes, thanks. It seems governments lack attention spans to the simple needs of its populations. People are genuinely struggling here in Ireland. My brother is down to a 4 day week, my sister owes a builder 30,000 cos the bank pulled her mortgage last minute and my too sisters combined are facing their 2nd pay cut aswell as the existing 2% levy every working person has had taken from their wages.
From the ivory towers, the market fundementalists are busy fumbling over repeatly grossly underestimated economic forecasts which daily get worse and worse.
I include this even though it is most likely already posted yet it is just one deal gone sour for JPMorgan Chase.
http://solari.com/blog/?p=4999
that’s one down and how many more to go???
“It is the Sun, stupid.”
Repeat it often enough you might convince someone.
This is a very good propaganda method but might not work here.
Ive become curious about Max’s views on economics just because he (along with others) has such conflicting views on stimulus, bailouts, gov intervention… so on so forth. To me he along with others like Schiff, Roubini are the few who saw this coming…. why is that ?
@Gordo
Do you actually believe that the Sun does not drive climate?
@WL – and also the Earth’s orbit & tilt; and also, man as every other creature on Earth, also impacts their environment; if a frigging rabbit can impact its own environment then humans can too; we are not frictionless
FBI Arrests 7 More People In Ongoing Insider Trading Case | zero hedge http://bit.ly/2wZl25
@Joe
I agree, we need more renewable energy sources. That is not the issue. That could be accomplished without the global warming mythology. This fraud is much more serious.
Redistribution of wealth
No/low production
Population control
Supranational governance
Complete carbon enslavement
Zero growth world
All based on a fraud. The utopia for the oligarchs and hell for the masses.
WAKE THE F#$% UP
@WL
Yeah the redistribution of wealth in inevitable with the high taxes bound to come from any Carbon tax. Time to individually become energy grid independent.
@Stacy
Iand also the Earth’s orbit & tilt; and also, man as every other creature on Earth, also impacts their environment; if a frigging rabbit can impact its own environment then humans can too; we are not frictionless
We are not frictionless. So, what does carbon do? I don’t disagree with your assessment, but carbon is not a negative to the environment. It has been demonized to forward an agenda.
Seriously, if you examine the global warming theories, there is no science that proves carbon is a problem at all. This is the point. We can reduce carbon output to nil and it won’t change the climate.
You seem to be confusing carbon with real pollutants.
Democracy Now just aired this report, “GM’s Money Trees – Displacement of Rural Brazilians Highlights Consequences of Cap and Trade System”
http://www.democracynow.org/
@WL – carbon dioxide, not carbon; and carbon dioxide is a well-known greenhouse gas (one of several); the greenhouse effect can be observed on several planets in our solar system; including, thankfully, ours; if it weren’t for the greenhouse gas effect, we would be a much colder planet;
but, again, a lot of energy is expended on defending an outdated and violent energy source; I personally don’t care whether or not the atmosphere becomes inhospitable to human life, nor do I suspect that it is possible to stop; tens of thousands of species have been wiped out in the past; and for every end is a new beginning and eventually no amount of restriction on carbon dioxide emissions is going to alter the fact that the Sun will swell as it dies and it will get a whole lot hotter here
in terms of what remains of my life, however, I don’t see the point in exterminating millions so that we may take their oil when there are sources like the sun or wind that are available to all and nobody needs to be killed to use them; as a walker I also don’t like all the exhaust that spews in my face and lungs all day long as thousands of lone drivers sit at traffic lights on their way to the mall . . . ; and as an observer of the laws of physics, it seems rather obvious that reserves of oil are declining
humans can create technologies that are cleaner, more efficient, and perhaps more rational to use
Stacey is right although any swelling of the sun will be long long time from now and humans will have either killed everyone off by war or we will have evolved so exponentially that only the conscienceless is left and the human body becomes obsolete when we have no need for it due to superior technology . In either regard it is now that we at least give our chance the opportunity for survival in the future and if peakoil is hit without any renewable energy safeguard it will undoubtedly cause Armageddon or at the very least massive civil unrest.
I guess we should ban dihydrogen monoxide since it the greatest greenhouse gas by far around 80%, not only is abundance but also efficacy.
@stacy,
I agree with your sentiment, just not your facts. 90% of the “CO2 greenhouse gas” theorists do not understand the science and simply parrot media scientists. The fact that CO2 is a greenhouse gas does not mean that it causes global warming or now climate change. We do not even know all the natural sources of carbon in the atmosphere, the role of Oceans, clouds, magnetic cores, undersea volcanoes, the Sun. There are so many more factors involved, most of which are not well understood. It is the height of human arrogance to believe that we can fully understand and control the climate. If you took the time to do the research you will see how flawed the AGW argument is.
We should move away from oil, but not based on a fraud. To promote a world without oil by believing a fraudulent AGW theory is intellectually dishonest.