Stacy Summary: The Truth About Markets, Resonance 104.4 FM.
For more download & listening options, visit Archive dot org
  |
 |
-
ref. max keiser – Get 6 mo’s free storage
-
Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
-
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)
-
Number one with a silver bullet.
Second
9 / 11 was an Inside Job
if we don’t address this we never moving forward
New Video
http://www.youtube.com/watch?v=UpgZx-9FLbE&feature=player_embedded
Mike
9/11 was an OUTSOURCED job.
“The power of PEN is mightyer then the SWORD”
Common people whats around the corner is worse. By the way i aint havin no flu shot they gonna go all out now n watch Iran these numbsckulls dont know we figured out the plot
“N these fuckin Billionare iditots think this a opera or a play” physched motther fuckers . And the idiots who provide them with security. Fuck we just gotta get a list n a list of thier familys . Play the same dirty game they play.
There is confirmed reports that a 60 plus billioniare came to watch Sept 9/11 with his 30 plus wife as part of an opera mother fuckers
I was getting worried that there might not be a show this week. Phew!
“THE DAY WE ADDRESS ROTHCHILS N THE ROCKERFEELERS IS THE DAY WE ARE FREE” AND BY ADDRESS EM WE KILL EMM
EVERYBODY WORRIED I HAVE THE POWER BUT NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
aWWE FUCK THIS SURRONDED BY PUSSY’S
@ Rich dont behave like a Gay
Cummon u bastard respond Rich
@ Rich
Sorry wrong number thought u were challenging me ROFL i think
prafoundly SORRY Rich
what is everyones view on the Fort Hood massacre? is this an inside job?
@maxkeiser.com
er… as always cheers for the show!!!
Once u get into the rulers head.
Hmmm lets see any way you gonna die better you than me ROFL it’s so simple
Once u get into the rulers head.
Hmmm lets see any way you gonna die better you than me ROFL it’s so simple
LETZ SEND YOU 2 IRAQ zee oil fieldzzz * i own Haliburton ….,,,, an oil company u idiots ofc i am goin there
USA is one day gonna voted the the no confidence country full of lies soo sad
Kill em now Countries buy Gold like carzy though personally i could come with a better idea to back a countrys currency with a product i dont use is lunacy
http://www.ft.com/cms/s/0/6b6956e6-cb01-11de-97e0-00144feabdc0.html
I haven’t listened to the show yet. But I have listened to every show for the last year.
I am thinking and thinking and thinking, and thinking is just a bad idea in the first place.
Potentially there is a purpose to this existence. Living well does not necessarily mean bettering oneslef, but rather rising to the maximum potential. I remember in high school thinking the same things, only now I have a job – and working is an ultimate goal, but ‘job’ means = indebted to others, which is not how we wish to ultimately live. でしょう？
Give and take is life… Based on who I am and what is out there in the world (a lot of shit) and how to meet that head on and face it daily is still something I have not figured out, entirely, although I feel I am near it.
Big picture small picture.
As always, thanks for the show.
Sorry I don’t have an awesome headline to contribute, only my own thoughts about my own life.
by the way that gold looks absolutely delicious. Should I buy some?
Also.
Bonn is all over this shit.
Who is this person?
Especially great show this week
I give you 9/10 gold stars
TELL THE PEOPLE
TELL THE PEOPLE
Gold is the defacto monetary standard
You have made the case for deflation in gold and inflation in fiat.
Next phase global competitive fiat debasement.
Gold Against the Dow
http://www.financialsense.com/fsu/editorials/brochert/2009/1022.html
Thursday the productivity number came out: up 9.5%
Meanwhile wages and hours worked are falling. This caused a tremendous rally on the Dow and S&P. That dynamic is at the core of our problems.
So over time, the output is increased while incomes have decreased. This will lead to falling demand, so how do you stimulate it? Credit. But that won’t work anymore. All of the normal recessions in memory were brief because people were granted easier access to credit.
Wall St. completely ignored Friday’s 2:00pm announcement that consumer credit continued to decline 7% annually. If the factories all resume full production capacity again all at once, there will sure be a depression. Thinking the worst is over and overproducing goods that nobody can afford is retarded.
Either prices have to fall or incomes have to rise.
@Jeemobon: re:Bonn….well as I see it’s a new art form: alcoholic computer typing….isn’t that obvious?????
UK Telegraph – This financial mess isn’t even the end of the beginning for UK wealth
…Today’s financial crisis – and the resulting damage to the UK’s broader economy – is of monumental historic importance. The future of the free world may not be at stake as it was in Churchill’s day. What is in jeopardy, though, is the prosperity of the British people for at least the next 15 to 20 years. In the balance, is nothing less than this country’s place among the world’s top-ranking nations.
…
http://www.telegraph.co.uk/finance/comment/liamhalligan/6521350/This-financial-mess-isnt-even-the-end-of-the-beginning-for-UK-wealth.html
Denninger – More Extortion By The Banks
…Two words need to be spoken to these clowns by Congress; the first begins with “F” and the second with “Y”.
…
http://market-ticker.denninger.net/archives/1597-More-Extortion-By-The-Banks.html
PS@UK Telegraph – This financial mess isn’t even the end of the beginning for UK wealth
Sounds like a Nostradamus prediction : UK will suffer hunger for 20 years after ca. 2010 !
Buffett’s Bailouts
…Capitalist? Hardly. Sounds more like just another crony to me.
Rolfe also posts this fabulous chart:
http://www.ritholtz.com/blog/2009/11/buffetts-bailouts/
…
Good one Stacy
Thank you, perhaps you like to listen to this:-
http://www.youtube.com/watch?v=ev9bWkVGXi4
Mike
Pay $15.000 or go to jail! New health care reform shows its ugly ass.
http://republicans.waysandmeans.house.gov/UploadedFiles/JCTletter110509.pdf
Gerald Celente on RT new
http://www.youtube.com/watch?v=fmmSYh5CI6c
@Phil: good find >>>the denninger article/blog…Yet last October 2008 it was clear to me a mere investment novice, that the derivative overload ( $1.2 to $1.5 quadrillion strong ) was an albatross so heavy it would take 10-20 years to settle….a length of time not feasible…..and so what is the surprise???/another change in the rules??? and this time the leverage ratio…I suppose that the PTB already know that they have breached the threshhold where it doesn’t matter if anyone is hired if anyone is fed if anyone is housed except for the powerful @ the trough….As Max has pointed out a decision was made to save the banks and damn the populous…where are the Jabobins…we even lost Nader who believes the meltdown can be solved by the wealthy…what is he thinking??or does he mean the nearly wealthy? Where is that voice of reason when even Denninger says F*** Y**!!!!!!!!!!!!!!!!
As long as I can afford silver!
Btw, global taxation on banks.. let me guess, Goldman-Sachs is put to administer that one
Nidal Hasan / Ft Hood killer in the context of “American Al-Qaeda”…
http://catastrophist.wordpress.com/2009/11/08/fake-american-al-qaeda-adam-gadahn-yousef-al-khattab-nidal-malik-hasan-videos/
Ellen Brown is back on the job. Tobin tax
@y’all
Tyrannosaurus Debt.
http://www.youtube.com/watch?v=_mfMG66LtVU
Oh where oh where did Glass-Steagall go
oh where oh where did it go
as the thieves on wall street
undermine us all
The US continues to fall
Till the day arrives of change
Americans will lose their homes on the grange
So our Congress lets the future slip away
We the people hold you incompetent and in betray
Where will the intelligence shine to make us wiser
When perceptive minds lead the way like Keiser
@y’all
Walkin’ on Wall Street.
http://www.youtube.com/watch?v=VSg22ewWGks
great show. are the hedge funds going to destroy the mutual funds through a bad bank. or am i nuts
http://www.ritholtz.com/blog/2009/11/jon-stewart-smacks-down-glenn-beck/
can the hedge funds that are garbage decide this is a buy for the mutual funds. purposely fricken destroying all pensions. help please
Tobin Tax? Well, the true colors of the players are now on display seeing as molting season is over. Revolting.
A Tobin Tax is supported by all those who would to see a fruition of Bretton Woods: a world order for the elite interests. Be not deceived: Ellen Brown is aligned with Gordon Brown and Alister Darling on this one.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6860151.ece
Who’s interests would a Tobin Tax support?
Who is behind the Tobin Tax?
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6262242/Joseph-Stiglitz-calls-for-Tobin-tax-on-all-financial-trading-transactions.html
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6253821/Banks-and-traders-threatened-by-new-international-tax-plan-drawn-up-by-IMF.html
@Frances – c’mon 0.005% is not in any way threatening…
@TofuCharlie:
Yes. It begins with a crack in the door. The crack always swings open for the criminals: it is all so obvious. How can Ellen Brown support the policies of the IMF?
1st on 2nd!
he snoot can you answer my question. ron the fellow canadian
Falacious Hypocrital Reforms set to crystalize the power structure of those who will destroy freedom for all men if given the opportunity.
Disgusting.
What question, Ron?
What if they proposed a 1% tobin tax? Would their motives still be suspect? IMO the revenue is irrelevant… (let them steal it)… wouldn’t a large-enough tobin tax disincentivize speculation, and close up the point gaps in arbitrage opportunities?
The first social security cards declared on the card that the number would never be used for identification. Senate Majority Leader Henry Reid insists that income tax is voluntary. Obama promises to ‘reign in the bad bankers’.
The bankers we need to fear are the bankers behind the G20 power structure: the IMF/BIS conglomerate. The bankers who are directly profiting from the currency game: the owners of the game pieces.
TofuCharlie:
Cui Bono?
@Frances — well, it’s not entirely clear yet who would control the revenue… it’s just a proposal. I would recommend cashing it out, and burning it on international TV. The point is — you raise their cost of doing business.
@Richard … the PTB already know that they have breached the threshhold
Yes .. that’s my view as well … they are not even afraid of their fraud and theft going PUBLIC bigtime .. like : “what are you going to do about it ? … nothing as usual”
Hi Gang
RED ALERT
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6907889.ece
Mike
How about the police state response to the Pittsburgh G20? The guys that brought us THAT are the same ones who want to save us from the ‘mean bankers on Wall Street’.
HAHAHAHAHAHA
It’s all going down. Why do we give the criminals who created the chaos the keys to the kingdom? Sever ties to the IMF/BIS. Try the criminals. Return the power to coin to the PEOPLE.
The impetus to control risk is a move to monopolize currency flows.
It is necessary for the implementation of the International Clearing Union.
http://europenews.dk/en/node/26344
“Proposals to solve the problems include:
Curb external surpluses / deficits
Develop a global currency
Create an International Clearing Union (ICU)
Coordinate exchange rates, make real exchange rates correspond to nominal ones.
Use Capital Account Managers (CAM). (Note: This is a less offending phrasing of the widely unpopular concept of capital control. Some may object to the weasel word approach here. But if this was to be phrased openly, it would have no chance to pass.)
Confiscate excessive trade surpluses through the ICU.”
(sorry O/T)
Anyone watching the V remake?
A remake of The Prisoner is starting on the 15th…
http://www.youtube.com/watch?v=ycdZpjq4ykw
TofuCharlie:
Do you believe that a reform of the Bretton Woods Institutions would serve the interests of the common man?
I think not.
The crisis, financial meltdown, was a controlled and orchestrated event involving big monied criminal interests. These interests are looking to enslave the world’s peoples. Stiglitz is a hypocrit.
“you raise their cost of doing business”
The ones set to monitor the tax and to reap the revenues are the real criminals. THEY want monopoly over human agency.
@Mike … ” LLOYDS BANKING GROUP is being kept afloat with £165 billion of loans and guarantees from the Bank of England and other central banks around the world, The Sunday Times can reveal. ”
Only 5% of GDP !
The BoE QE was only 200 Bio after all !
And the GBP remains STRONG .. LOL !
@Frances – why so hysterical? If you can make sure they just don’t steal their tobin tax back, why would you be opposed to this specific reform? Maybe just a tiny bit of the revenue could be liberated by a non-corrupt institution and put to some use…
Anyway.. nominal values are kinda irrelevant… it’s all percentage points.
PS@Mike .. Lloyds 165 Bio GBP hidden debt.
Britain’s GDP = $2,674 billion (2008 est. nom.)
Yeah .. 5% of GDP , not a bad guess !
Actual 6.17% FWIW.
Stacy & Max
Have you two been lapsing on the schitzophrenia medicine lately? You talk for 50 minutes about corruption and how the US government has done nothing but add to its current financial woes.., and then suddenly start calling Americans who doubt that same goverment’s abilities and intentions with regard to healthcare, paranoid!?!
It just seems sometimes that you’re fantastic at sifting through the nonsence to get to the meat of the issues, but your solutions would lend the entire effort mute.
@TofuCharlie:
Histrionic, not hysterical.
Anyway, the point I was trying to settle makes my nerve endings fired: the real criminals are the ones who are set to deny individuals the right to personal agency. The program remains viable and moves forward when we give the IMF and those bastards in London the rights to lead any reforms. What is wrong with people? Would you let a pediophile play with your children? Didn’t anyone notice what happened in Argentina with Citigroup AND the IMF? The IMF always acts tag team with the banking interests. And how are we to accept the advice from men like Soros, or Sir Evelyn who stood vulture over the carrion and now clean their beaks with our capital rights?
@Frances – but yes I do see what you’re saying about the fox guarding the chicken coop. My point is that it’s a good idea to make speculation less feasible and profitable.
Take a look at this website and let me know if you think all of these groups are fronts for the banksters — or “false consciousness” academic dimwits etc:
http://www.ceedweb.org/iirp/camnet.htm
@TofuCharlie:
non-corrupt institution
Name one.
A Tsunami of Red Ink
November 06, 2009
…
…
…“Why This Real Estate Bust Is Different” (BusinessWeek)
Unrealistic assumptions, layers of investors, sky-high prices, and possible fraud will make it hard to clean up the mess in commercial real estate
…
http://www.financialarmageddon.com/2009/11/a-tsunami-of-red-ink.html
LOL … “possible”
@TofuCharlie:
Thanks for being patient!
The banksters are the front men. The banksters stand in stead for the elite criminal interests. The choice to allow certain men to deign allowance on capital flows in not a good one: it is a suprasovereign issue.
Look at the groups you linked. They are all globalists. Are you?
If you like the idea of being a homogenized part of a glass of refreshment for Lord Ashley Winipod, then cheer for the ‘winning team’. The winning team are the front men for the Bretton Woods f*ckers who unleashed hell on Japan and then scooped up all the risk pieces. This is their fruition.
@Frances — hrmm… institutions are still run by people. Lets say we could find a 51% non-corrupt institution, or one that is — at least on the surface — “giving something back”. Yeah, everyones going to take their cut, in one cultural-tradition or another…
But if at least a fraction of the cash — which would’ve just been a million little blips on the trading-platforms of banks and retail suckers — if a small fraction goes somewhere good, or make it back to local economies, would you still be opposed to “the globalists” doing what they’re going to do anyway.
There’ll be some public debate about the issue which — although unlikely — may influence what happens to the tobin revenue, if it can ever be implemented.
Get up off the bench, you histrionic doomer! Game on!
Phil
The reson we not had “The thing of Beauty” is that:-
A. Other Central Banks are buying £ to surpport it
B. Gordon Brown goverment would collaspe & force Rothchild to change his plans.
Mike
There’s something people aren’t recognizing with the derivatives complex, is that they may be OTC, but are meant to last something like 20 – 30 years to make them viable. What makes the whole thing risky, is that once you get to a certain point in the economy, interest rates can only go so low before they move in the opposite direction. So no matter what you invest in, you’re an interest rate speculator by default.
For people to make money, you have to borrow whatever you can and invest it in a growth strategy, where rapid growth is forecast, but good luck because everyone is an inflationist when it comes to that.
…maybe I am a globalist…. huhhhmm… Jeez, maybe I’m INFECTED!!!
@TofuCharlie:
Histrionic doomers usually just write poetry!
@TofuCharlie:
The disease you are infected with is a good one: you care about people! Anyway, a nice debate won’t change the tide. The sea change is coming.
@TofuCharlie:
Here’s the origin of the term sea change!
Full fathom five[1] thy father lies;
Of his bones are coral made;
Those are pearls that were his eyes;
Nothing of him that doth fade,
But doth suffer a sea-change[2]
Into something rich and strange.
Sea-nymphs hourly ring his knell:
Ding-dong.
Hark! now I hear them — Ding-dong, bell.
http://www.potw.org/archive/potw190.html
@frances
I think Ellen Brown was pushing the Tobin tax as a means of throwing a wrench in the machinery, a sharp stick to stab in the
bankster’s eyes. The high speed trading and casino derivatives have to be quashed somehow.
@Frances — no, I really don’t care about people. I was just working the humanitarian angle ’cause I thought it would appeal to you.
@Warren:
If you had a key to your only virgin daughter’s room, would you give that key to Dick Cheney?
Them monkey is dancing alright, but the machinery is no longer needed seeing as THE OLD FINANCIAL SYSTEM IS KAPUTZ.
The big boys are going about setting up the NEW INTERNATIONAL FINANCIAL ORDER. That is what the ICU is going to be a part of. Look it up.
International Clearing Union.
Tobin tax revenue would be more like giving Cheney directions to the barn where your keep your badly-abused 35 year-old junkie step-daughter… where do you get all this virgins and poetry stuff?
@Tofu:
LOL!
What the ptb are not overly-concerned about is the revenue; what they salivate for is the cross-border currency controls. Sorta like Cheney and innocence.
HEH. I thought you liked poetry being a sentient philanthropist type.
Will the”hedge funds going to destroy the mutual funds through a bad bank”?
Tofu-Charlie:
Could you answer this question for Ronron. I think I might muck it up with a histrionic bent.
@Ronron:
Oh! I’m not Canadian! I’m an America and even from the South! sorry, I was using your maple leaf cause it’s HOT in Florida and seemed so fall-like and all…
Gold suppression is public policy and public record, not ‘conspiracy theory’
Submitted by cpowell on Sat, 2009-11-07 18:16. Section: Essays
Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
International Precious Metals and Commodities Show
Olympia Park, Munich, Germany
Saturday, November 7, 2009
http://www.gata.org/node/7997
GATA spreading the word !
“That’s because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that’s why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.”
Why doesn’t Gata just declare themselves a religious affiliate?
@frances
Instead of the ICU and new financial order, I look more to secession and mass rioting. That’s the only good thing about unemployment – plenty of rioters.
@frances
Do you have Gold peonage envy?
Why the hate, its honest money.
@Tofu Charlie
Speculation is not the problem, it is valuable. The lack of consequences in a captured corrupt system is the problem. A Tobin tax is another lever for control for the money masters. Remember, they always seem to be exempt from the rules that we must follow.
I saw “V” and was amazed and thrilled with the Obama government allegory.
@Mike/Liverpool
Great find that Lloyds article, thanks. Wonder if the US banks are similar. I suspect so.
@All:
Could someone with financial savvy answer Ronron?
@WL:
Ain’t got no peonage but we’z gots Grannie’s teeth!
@Warren:
Yes, but I see one leading into the other: order out of chaos. (not that I think the NWO will last long…rather like the thousand year reign of Hitler…a blemish on the earth that is thankfully transient)
@WL:
I don’t hate gold. It’s shiny and pretty and lasty. I’m not particular to religion, and that paragraph from GATA sounded like the Nicene creed.
Latest WebBot is on about a pole-shift possibility:
http://www.youtube.com/watch?v=BOdsHBCyvaY
ronron: My answer is, unfortunately, YES.
@WL — “Speculation is valuable” — I wonder what you do for a living? Speculation mocks value.
@All
It’s just an illusion
(cheesy video, but great song)
http://www.youtube.com/watch?v=21VbKgOM0gg
Searching for a destiny that’s mine there’s another place another time.
Touching many hearts along the way
yeah
hoping that I’ll never have to say
It’s just an illusion – illusion – illusion.
Follow your emotions anywhere
is it really magic in the air?
Never let your feelings get you down. Open up your eyes and look around
It’s just an illusion – illusion – illusion.
Could it be that it’s just an illusion putting me back in all this confusion?
Could it be that it’s just an illusion now?
Could it be that it’s just an illusion putting me back in all this confusion?
Could it be that it’s just an illusion now?
Could it be a picture in my mind? Never sure exactly what I’ll find.
Only in my dreams I turn you on. Here for just a moment then you’re gone.
It’s just an illusion – illusion – illusion.
Could it be that it’s just an illusion putting me back in all this confusion?
Could it be that it’s just an illusion now?
Could it be that it’s just an illusion putting me back in all this confusion?
Could it be that it’s just an illusion now? . . .
Michael Hudson speaking in oz recently ” Blowing bubbles”
http://vodpod.com/watch/2469495-forever-blowing-bubbles-asset-bubbles-economic-policy-and-sustainability?pod=dandelionsalad
@frances
Religion is just formalized and structured faith.
Faith is the bridge between perception and reality and that is where opportunity wanders. It is part of the human condition which can be used for good or evil. So, religion is a neutral.
To be against religion is to be against the human condition or humanity.
@Tofu Charlie
Speculation is valuable, or “risk/reward”. Without risk the world would have never evolved. There is speculative risk everywhere and in everything. Think about the decisions you make everyday, all risk/reward. The problem is not the act of speculation or risk taking, it is the corrupt influence on the risk reward equilibrium. The rigging or recent socializing the loss and keeping the reward. Advantageously minimizing the risk and increasing the reward at the expense of others who do not have the same opportunity. Without speculation the world would stop dead. Speculation works both ways, it is neutral like religion, the systemic corruption is the evil. Speculation is necessary, corruption is not.
Just as Michael Moore blames capitalism for the problems, he confuses it with corporatism and corruption, the real issues.
Ron, Rand, Peter Schiff and John Stossel on the Glenn Beck Show with Judge Napalitano 11-6-09
http://www.youtube.com/watch?v=cbfW98vt_xY&feature=player_embedded
Link suggestion:
Deflation or Inflation. What’s in the Cards for Canada?
http://americacanada.blogspot.com/2009/11/deflation.html
It is in reply to one of Mish’s posts — but the points made are true for a lot of the Canadian mortgage belt.
What is lacking in the analysis is what the implications are for smaller Canadian cities like the Kamloops or the Goose Bays of the nation.
@WL – yeah, I more-or-less agree. I guess what I mean is highly leveraged speculation on financial instruments, where it’s possible to scalp the market — i.e. most speculative activity nowadays… speculators should ideally only have a small role in the beloved “price-finding mechanisms”. A tobin tax, based on the the entire contract value — instead of the margin, would go a long way to discouraging institutional scalping (which probably makes the banksters more than tobin revenue would) and speculative bubbles, e.g. oil.
I don’t see how HFT would function with a sizable enough tobin tax, for example…
Another goog option would be to go back to a more de-centralized system of analog/pit-traded markets, and demand immediate settlement on-site in gold!
@cholly
The original is better music… but I thought you might still enjoy!!!
http://www.youtube.com/watch?v=h2216ou0MIY
@SG Thanks… it’s um… nice. Fruity power chords to soothe the soul.
I mean jazz chords. Needs more power chords. Anyone who has spent much time in south America can tell you that Fruity Jazz is an abomination.
The melt value of nickels at current copper and nickel prices is now 4.6 cents.
I always assumed that pension funds were run on behalf of heartless capitalists with the purpose of screwing workers out of their pensions.
@y’all
Kennedy and World Gold&Currency Markets.
http://www.youtube.com/watch?v=FgplIWibv4Q
Hey max i was thinking that if you go looking for Ken Lay and you happen to find him that would make some people very angry and they then would blackball you or threaten you, possibly tell you to say or not to say thing that you would like to. Here is my angle if this were to happen you need a red light word or secret word that you could say to your public and we would know you have been put in a corner such as (white rabbit) or (Oboma loves pizza) just a thought.
Geithner, Brown Split on Tobin Tax at Group of 20 Meeting http://tinyurl.com/yldwmcf
Treasury Two-Year Notes Gain on 10% Unemployment, Fed on Hold http://tinyurl.com/yfspsmt
FSB Says Some Big Banks Still Too Optimistic on Their Health http://tinyurl.com/yhtuhg6
@y’all
Capitalism (1948)
http://www.youtube.com/watch?v=_VstTwFxNKk
Me: Economy still imploding like it is and more explosions are predicted while the people on the Hill still act as if the music plays although nobody can hear it.
Bernanke also makes a show from the interest rate tension in the financial markets. I acts as if he easily could rase these rates without concequense exactly opposite of the truth, he can’t! Bernanke manouvered himself in the corener between a rock and a hard place, he can’t go anywhere but down.
Fed Pledges to Keep Rates Low for ‘Extended Period’ http://tinyurl.com/yjsqhcd
No hints, winks, nods from Fed about rate hikes http://tinyurl.com/yfbe5rr
Food Stamps Will Feed Half Of US Kids, Study Says http://tinyurl.com/ybpq3nb
Costco plans to accept food stamps nationally http://tinyurl.com/ykway5v
“Nerds 2.0.1: A Brief History of the Internet” Robert X. Cringely
http://www.imdb.com/title/tt0207264/
Geithner, Brown Split on Tobin Tax at Group of 20 Meeting http://tinyurl.com/yldwmcf
Nobody liked my 9/11 idea
but people are willing to trade Carbon Credits Ssshhhesh
Final Push comming shortly
Just before the Lisbon Treaty at Coppenhagen
Pelosi: Buy a $15,000 Policy or Go to Jail
Clinton Connects Overpopulation to Climate Change
@Phil – you are comparing pounds to dollars; £165 billion in loan to Lloyds equals $273.9 billion . . . that’s more than 10% of UK GDP
@Max & Stacy
Good Show, Realy Insanely “The Right Stuff” Folks!
I think Max Keisers Docu “Captured presidents, imploding LBOs ” explains all very well what went wrong in the financial business. Somtin that’s going on right now as we speak.
Max Keiser: Captured presidents, imploding LBOs http://tinyurl.com/yb9tgrn
@Stacy .. thanks for the correction .. 10%+ .. Oh dear !
Great show. Thanks
Attitude of mainstream financial media is shameful and they deserve to be decimated.
p.s: can someone of the treasury department please offer Krugman a job? It is so obvious!
@WL:
“Religion is just formalized and structured faith.
Faith is the bridge between perception and reality and that is where opportunity wanders. It is part of the human condition which can be used for good or evil. So, religion is a neutral.
To be against religion is to be against the human condition or humanity.”
I said I wasn’t particular to religion. I’m not against or for religion in the context of adhering to faith. I don’t believe that religion is neutral. Religion is a means by which dogma, faith considered true and objective by a group of humans, is advanced for the personal benefit of the group proselytizing. The human condition is rife with one group of humans foisting their religion upon another group as a means for control over labor or productive capacity. The human condition is antithetical to religious hegemony.
One can be ‘against religion’ as a form of religious adherence called atheism. Atheists are not ‘against humanity’ any more than Baptists as long as both groups respect each individual’s right to form a basis of faith independent of statis hegemony.
@frances
Do you have faith? Don’t atheists have faith? One can have faith without the formally organized religion. Since humans can never attain truth, faith always exists in the gap of perceived knowledge and truth, unless one is a psychopath.
Do you have faith in anything?
Do you have faith in the US dollar? A formal structure..
Do you have faith in gold?
I do not adhere to any formal religion either. Don’t atheists have faith that there is no god?
It is that space between perception and realty that all good or evil can exist. That space is faith like a knife it can be used for survival or death. A neutral.
@WL;
I think we are at splitting words which to me is a meaningless exercise. No. I have no faith in anything except change. I adhere to a faith in transcience, and yet I hope for transcendence seeing as the shackle of human is upon my flesh.
Would you like to point to me a transcendental signified to which I might plaster my longing? You seem quite keen upon gold. But your experience with gold is reliant on myths and fables. When did you last use your gold to attain what you desire. You have become Silas Marner, agonizing over a yellow metal: hoping the objectified desire that labor might prolong personal pleasure in a transfer onto a metal. An alchemy of mystical mindsprock.
The price of gold today is reliant only on a fiat system created, run, and maintained by criminals.
“unless one is a psychopath”
Who gets to decide the categories? Seems rather powerful position to have: I decide you are not human. Perhaps human defies definition? Tags are better served on meat in the supermarket.
@WL:
What is your definition of truth?
To me, truth is an agreed-upon-construct based upon shared language and cultural mores. I reject truth and cling to true. The basis of my understanding, like yours, is subjective and special and shouldn’t be ironed out on a board. Life has wrinkles, you know.
@frances
So the US$ is a truth? until it isn’t
Truth is a destination never reached. We can get close, but never attain it.
From your previous posts I gather you don’t really understand gold. You seek its truth, you will not find it. It is a store of wealth, just as farmland is. Yet it is portable, divisible and virtually indestructible. Its price is not its value. Its value is in its unique properties not esoteric dogma.
You still have it backward, gold is not priced in fiat. Fiat is prices in gold.
@WL:
I’m not seeking truth! If I were I’d wear a habit and go about muttering Latin and fingering beads or stand on my head with my ankles crossed and my eyes buggering out. I told you my faith is only in change, and since words themselves are changelings I find it far better to leave TRUTH to you gold-bugs whilst I procure good reading materials and some wine.
Do you really believe that fiat is priced in gold? Have you just yet touched down from Neptune? Those gold websites are all riddled with holes: the men in charge own the souls of men when those men throw down their souls for gold or rembini or dollars or paper document claims: they exchange vehicles are SIGNS that have been OBJECTIFIED and nothing more.
Real ownership will prove itself through force. It always does.
@frances
Ah, but you are seeking truth, it is human. In books or wine, verbose analogies but how do you keep wealth? If you have no wealth gold is not useful.
If you had 1 million in US cash right now, what would you do with it?
@frances
Have to agree with you on the Gold Bugs. Their belief in gold is religious like. Some of them will benefit some of them will get burned. And no Gold is priced in dollars at least at this point.
http://www.dailyreckoning.com.au/gold-is-more-like-a-religion-or-a-political-position/2009/09/21/
@WL:
There is a difference between being a glutton for literature and wine and an active pursuit of abstinence necessary for true piety. Burp. I have no faith that the end would not be the beginning so I don’t toot the hoot.
I say feed the soul and let the body starve: so I am long on wine and books. Not practical but essential.
I million in US $? Are you gifting this or is it a rhetorical question?
Preserve wealth by learning to speak loon: Bill Gross seems quite wise. Can you translate winks, shakes, and nods (as Dedo put it)? How good are you at sucking up? Do you mind throwing ethics in the bushes for personal advancement?
If you say yes to the above then your chances are better at preserving wealth than if you believe in “honest money”.
“opportunity lies between perception and reality”
I started to accumulate gold in 2001 at under $300 US and opportunity has been very good to me.
Gold value is constant, fiat currencies rise and fall, unless you understand that you will never understand gold.
Of course there a re many crazy gold bugs, that is a good thing.
@frances
Sounds like a sidestep.
Its not an all or noting deal, gold, wine and books. One of the best thing one can do for humanity is to buy gold and get out of fiat. Your inference that gold is unethical is self destructive.
@merci
Good Gold article thanks
Honesty and ethics or NOT priced in Gold any more than they are prices in USD
Of course Y’all know that it just bares repeating.
Gold is the enemy of central banks..
I own gold
Therefore, I am the enemy of central banks
Who the hell are you
“One of the best thing one can do for humanity is to buy gold and get out of fiat.”
Lordy, Pa! That was something like. Pastor Bud is sure shootin those Jesus words at us, ain’t he?
Yep, Stella. I think he’z a’right bout the dollar being the devil’s bride. I’m sure nuff glad we got Grannie’s teeth! I’m a’fixin to sell Bounteeful to buy’us s’more gold.
Pa! You wouldn’t sell our mule! What’s we gonna hitch to the wagon fur to get to meetin’s?
Pastor Bud say’n itz the ornley way to gets rid of them Commie-nest Central Bankers. Like’n at the Federal Reserve. We’z buy gold and sink the dollar ship full’n them rats.
Well, Pa. I ain’t right particular to bankers, but I sure do love Bounteeful. You sure that Pastor Bud is right?
Shoot, Peanut. Ain’t no way we can go wrong we’z put our faith in honest money! Why, Even Moses done used gold coins. If’n its in the Bible, its good nuff for me.
Yessir. Guess I gotta go blow kisses at Bounteeful. Gold’s so cold: it ain’t much fun to kiss. But I’m all fur helpin save the world, Pa. I wouldn’t want to let the world down just fur lovin a mule!
@WL
I am the enemy of the Bankers also, I just do not believe gold ownership will bring any change.
Somehow, I do not think they quake in their boots or lose any sleep over gold.
So, for those that don’t like gold (silver too).
What should I do with all my fiat assuming I sold my gold?
Cash?
Bonds?
Stocks?
Beer?
????
I own land with no mortgage.
You see, it is the best alternative.
FWW, I believe farmland is a close second to gold as preservation of wealth.
“Who the hell are you?”
Pa! Who the hell am I?
Steller! You fixin to get yur mouth sudsed!
I’m right sorry, Pa. This’n here goldy- man said I was who the hell, and I wondered, well who the hell am I?
I’m tellin ya, Steller. One more cussin word and you’z a fixin fur to eat some soap.
Stella, you is Stella. Ain’t that a’right, Pa?
But, Ma. Maybe it ain’t enough just-to-be Stella. Maybe I gotta be somethin more and help out the world.
Glory Steller! Ain’t you a’figured out yet you’z special? Don’t ya worry anysome bout them Yankees. (ersplatz) They’z got minds bout as broad as a hog’s behind; think they’z be a’ knowin more and a’ sellin less be fur the best fur the world. Snap up and get right purty. I’z a’takin you to town!
Circus in town?
@WL:
Stella says, thankee, but no’sir she t’aint been to the circus. Stella said you should’to go since’t you seem so tight screwed down like a nail a’sittin crosshairs on Bounteeful’s hoof. Stella said the only’est thing she’sees fit to last is male pride. She sayz Pastor Bud probably got someofthat and she ain’t a’ gonna sell Bounteeful for some hard cold yeller stuff you can’t chew nor spit.
But she is particular to this poem and said you could to save it since it is lasty.
It’s a might long, so she a’linkin it fur ya. It’s called “The End of the World”:
http://theotherpages.org/poems/gp1_2.html
@frances
At least I can use my gold to prop open the gates of hell.
@frances
You still sidestep
What do you do with $1 million US cash?
@WL: Stella says:
“Goldy-Man! Don’t a’prop em open! Pile the gold ‘gainst them gates to keep’em shut!”
@WL:
Me? I’d buy a lovely sailing yacht, stock it with provisions, and sail the seven seas with enough ammo to fend of the pirates. I’d pierce my ears and swagger and sing jaunty songs.
Guess your too responsible to do that.
I take your refusal to answer confirmation of your denial.
Thats ok, most people are that way.
Been reading today on the idea of religion and responsiblity in The Gift of Death, Jacques Derrida. Here, this is interesting (Derrida analyzes the philosopher Patocka):
“Religion assumes access to the responsibility of a free self.”
That sounds like your gold idea. Here’s more:
“In the proper sense of the word, religion exists once the secret of the sacred, orgiastic, or demonic mystery has been, if not destroyed, at least integrated, and finally subjected to the sphere of responsibiliity. The subject of responsibility will be the subject that has managed to make orgiastic or demonic mystery subject to itself; and has done that in order to freely subject itself to the wholly and infinite other that sees without being seen. Religion is responsibility or it is nothing at all. Such a passage involves traversing or enduring the test by means of which the ethical conscience will be delivered of the demonic, the mystagogic, and the enthusiastic, of the intitiatory and the esoteric. In the authentic sense of the word, religion comes into being the moment that the experience of responsibility extracts itself from that form of secrecy called demonic mystery.” (pg.2)
He goes on to expound on your space idea: really interesting that you came up with that.
“In other words the demonic is originally defined as irresponsibility, or, if one wishes, as nonresponsibility. It belongs to a space in which there has not yet resounded the injunction to respond; a space in which one does not yet hear the call to explain oneself, one’s actions, or one’s thoughts, to respond to the other and answer for oneself before the other.”
That’s why you asked who the hell are you.
But I don’t think that one should call to limit the demonic mystery. I think it is blighted to call it demonic or madness. I do believe that to do so is to relegate human to sheep status. The mystery, the esoteric, is what is to me full- freedom and to me the collective is of course the status- religion. Man is attempting to square the circle and there is no need, no onus: it is as it will seem to be. Could we expound and claim a fear men contain for the esoteric and perhaps this mystery as feminine?
@frances
Stubborn aren’t you
I have see the face of evil
http://www.youtube.com/watch?v=JJVZ8sf6uBI
TYPO
@frances
Stubborn aren’t you
I have seen the face of evil, SDR alert in vid
http://www.youtube.com/watch?v=JJVZ8sf6uBI
@WL:
I’m really not stodgy. I think gold is wonderful really. I just don’t like seeing people getting hopeful when the troll is about to sit on the cake. Nicely iced cake and all.
I thought that space idea of yours quite nice. Like Faulkner’s idea about we all being spiders hanging from the ceiling by our own threads and reality being the words we batt about betweenst the spaces.
Thanks for the continued coverage of my pathetic retirement fund CalPers (& their Apollo purchases) Its depressing but I need to know it so that I don’t expect to ever get any retirement benefits.
Thanks Max and Stacey for another great instalment of TAM.
Thought this headline might give you a giggle…
Goldman Sachs boss Lloyd Blankfein says banks do ‘God’s work’
http://www.news.com.au/business/story/0,27753,26323561-462,00.html