[OTE27] On the Edge with Max Keiser . . . and James Turk

November 13th, 2009 by stacyherbert

Stacy Summary: Episode 27, airing 13 November, 2009. With guest James Turk.

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249 responses so far ↓

  • Youri Carma
    Nov 13, 2009 at 8:18 pm

    WELCOME TO THE NEW WORLD ORDER

    Doctors learned why Ukrainians dying! “A/N1N1 ” ???? http://mignews.com.ua/en/categ408/articles/378759.html

  • Bonn
    Nov 13, 2009 at 8:26 pm

    February 25, 2009: Bobby Jindal’s Republican Response
    http://www.thedailyshow.com/watch/wed-february-25-2009/bobby-jindal-s-republican-response
    Bobby Jindal responds to Barack Obama’s speech by addressing Americans like children.
    RODFL

  • Youri Carma
    Nov 13, 2009 at 8:35 pm

    We have now A/N1N1-California strain. Before that, “Mexico” strain H1N1 and few years ago, “Brisbane” strain:

    31 October 2009, New cases of influenza virus A/N1N1-kaliforniya among Ukrainian http://tinyurl.com/ylaaass

    H1N1 Tamiflu Resistance Linked to Brisbane Strain http://tinyurl.com/3ual9n

  • frances snoot
    Nov 13, 2009 at 8:46 pm

    @Mep:
    @ frances – Remind me . . . where do you live?

    I live in Florida. Why, Mep, do you ask?

  • frances snoot
    Nov 13, 2009 at 8:47 pm

    @Youri:
    The rumour is that the killing agent in Ukraine is the pneumonic plague. Just saying.

  • frances snoot
    Nov 13, 2009 at 8:49 pm

    “Pneumonic plague occurs when Y. pestis infects the lungs. This type of plague can spread from person to person through the air. Transmission can take place if someone breathes in aerosolized bacteria, which could happen in a bioterrorist attack. ”

    http://www.bt.cdc.gov/agent/plague/factsheet.asp

  • Youri Carma
    Nov 13, 2009 at 8:49 pm

    For more Info: A/N1N1 Pandemic Toxic strain; Doctors learned why Ukrainians dying http://tinyurl.com/yjpgyb3

  • dan valley
    Nov 13, 2009 at 8:54 pm

    Our wise guy and absolutely marvelous U.S. Treasury Secretary Timmy The G. told us this morning the economy needs more time to rebound. No Kidding. The last time we went through this mess it lasted from 1929 to 1954 for the stock market recovery. This time it’s infinitely worse times ten. We might all die of old age before the next recovery in mainstream shares. The stocks today (excluding precious metals and a few others) are just where they were in the year 2000. Consequently those holding from there to here had a wonderful exercise in brain damage and futility. So much for buy and hold forever.

    Key Points To Ponder On Our Conclusions.

    Bond markets are overbought.

    Junk bonds and municipal bonds are going very scary.

    Japan’s bond pile is so enormous it simply cannot go on much longer.

    Since U.S. bond markets are 70 times larger than the shares, when this baby pops it could be financial Armageddon.

    Equities have gained nothing for a decade. They gave it all back.

    Gold has tripled in less than ten years and is rising even faster.

    Consumer confidence is at new lows.

    Real estate foreclosures were reported up 18% this morning. It’s getting worse.

    Billionaire Wilbur Ross posted an extreme warning on commercial real estate. We said the same thing many months ago. Insurance companies holding this paper are going down, too.

    Moody’s is going to report stuff ever faster; each month instead of intermittently. They do not intend to take more extreme criticisms on all of these bank and corporate failures.

    The stimulus in the U.S. has stopped having any effects. Now the political manipulation idiots want another one. More paper printing and dilution with inflation and hyper-inflation results.

    One of the last remaining sources of investment bank income, trading, is being capped by a federal dolt restricting pay. The good traders are going overseas. Adios bank income. All they need is Glass-Stegal and reasonable SEC enforcement. They won’t do it.

    China has five big bubbles in progress. Watch for them to pop individually or collectively-credit, shares, housing, banks and real estate.

    Financial stocks are headed south again after the bear market dead cat bounce and free taxpayer cash.

    Bank credit is as scarce as hen’s teeth. These guys are working the spread on free government cash and not lending. New loans are pure fiction.

    Borrowers qualified to borrow are cutting back credit lines and hunkering down with cash. Smart ones are shunning debt for liquidity. They know what’s coming.

    GE is having a fire sale to off-load as many divisions and assets as possible to raise cash. Being a big bank (not in name but as GE Capital) they are in deep you know what. We think they could potentially fail and we give it one out of three. That would really dump ALL the markets.

    CIT, the premier lender for medium and small businesses went bankrupt. Yes, they will reorganize but with what tiny previous percentage of loans being originated? Small business is credit dry as CIT funded receivables.

    Dollars are oversold and will bounce a little. For the longer pull they get cut in half again.

    The Canadian Dollar is rising on commodities and a government with a much better balance sheet. For the shorter term it could correct mildly but then should rise in value beyond the US dollar. Canada is best situated to weather the storm in our view.

    The Swiss Franc is another fiat currency. However, it is sounder than the others and is still perceived as being a “safe and secure currency”…a place to park some cash for a rainy day.

    The Euro is overbought and should be selling back to some place lower. Recently it’s been an inverse dollar trade in rallies.

    Barter has begun in earnest with crude oil. Producers are finally skipping the interim paper cash or bond route as currency. China can buy oil with trade goods and so can others. Look for barter to spread rapidly.
    In summary

    Since USA consumers are 70% of the American economy and this economy is the world’s fiscal driver with our failing dollar covering 80% of the world’s reserves; think about this nasty combo.

    U.S. consumers are saving not spending.
    Consumers are unemployed to the tune of 20% in USA. It’s going to 30-35%.
    Since credit is terribly expensive (29.99% on credit cards) and not available for the most part, the American economy is stalled and frozen.
    Stocks are flat to down and have earned nothing for a decade.
    Where is the engine of growth? Who has credit? Who has money to spend?
    U.S. Dollars are sliding in value as shares are peaking and selling-off.
    We are toast and the worse hits in 2010-2012; then comes World War III.
    U.S. Dollar index supports at 75.00. After a return to 78.50 selling resumes.

    We are expecting a mild markets’ move on technical signals at this date. Could it become more extreme? Yes, it could but it increasingly appears we get a mild correction followed by a new shares rally in precious metals and mainstream shares. We would be PM shares buyers on our technical confirmation.

    Financials crashed in fall, 2008 with Lehman. Recovery began with TARP in May, 2009: During November, 2009, we’re ending a dead cat bounce with mild toppy selling this month. Precious metals and their shares are still peaking on this November 11, 2009; for the shorter term. This week most trends are in reverse and then later move to rallies. Between now and then some selling and corrections should appear. We are at a turning point in most markets with lots of choppy, sideways trading.

    Keep in mind, if you own paid for stuff it will most likely remain in your hands; not in somebody else’s. That includes gold and silver. Do not get tangled-up in daily noise. Keep studying the larger view and buy precious metals after each profit-taking correction. Headwinds are building into an economic hurricane. Take care of business right now.

    My dire prediction might surprise us and arrive at any time. Selling is mild now. But next summer could be the large crash. In the coming middle, look for more buying on most everything. Our personal trading year to date is up nearly 100%. Markets are giving.

    Personally, I can see unbelievable opportunities to trade that we would never see again for many years. Turn these problems into opportunities. Those on the right side of the trade might get rich. Those on the other side are just victims. Stay Alert

  • frances snoot
    Nov 13, 2009 at 8:54 pm

    @Youri:
    There is controversy over whether the causitive agent is viral or bacterial.

  • Youri Carma
    Nov 13, 2009 at 8:54 pm

    @frances snoot

    Just learned about the term “pneumonic” a couple of days ago but they say not.

    Doctors learned why Ukrainians dying!

    * total destruction of the lungs

    * cardiogenic shock is developed, which causes cardiac standstill and death

    * mixed types of parainfluenza & influenza A/N1N1, very toxic strain

    * able to penetrate not only through respiratory apparatus but also through the eyes

    All victims of the virus in Bukovyna (22 people at the age of 20-40) died NOT from bilateral pneumonia, as was previously thought, but as a result of VIRAL DISTRESS SYNDROME, i.e the total destruction of the lungs.

  • frances snoot
    Nov 13, 2009 at 9:05 pm

    Youri:
    I said: the controversy is whether the CAUSITIVE agent is viral or bacterial.

    http://stanford.wellsphere.com/healthcare-industry-policy-article/mrsa-versus-the-plague/238282

    Pneumonic plague results in a severe fulminant illness that develops with associated high fever, chills, headache, productive cough, chest pain, hemoptysis, extreme malaise, myalgias, tachypnea, tachycardia, and pneumonia. GI symptoms, including nausea, vomiting, abdominal pain, and diarrhea are also commonly seen. If not treated within 24 hours of onset, pneumonic plague rapidly progresses to acral cyanosis, respiratory failure, septicemia, circulatory collapse, and death. Untreated, the mortality rate is 50-90%. With treatment, the rate is 15%.

    http://www.logicalimages.com/publicHealthResources/pneumonicPlague.htm

    We had better hope it is A/N1N1

  • Youri Carma
    Nov 13, 2009 at 9:07 pm

    On November 2, Infowars Ireland reported that authorities in Kiev were spraying of “aerosolized medication” by aircraft over city.

    Reports of helicopters and light airplanes spraying aerosols over Kiev, Lviv, Ternopil, and other cities throughout Ukraine are tonight flooding online forums and websites, hundreds of people have verified the reports with their own eye-witness accounts. http://tinyurl.com/ykd7wzh

  • frances snoot
    Nov 13, 2009 at 9:10 pm

    “Early treatment of pneumonic plague is essential. To reduce the chance of death, antibiotics must be given within 24 hours of first symptoms. Streptomycin, gentamicin, the tetracyclines, and chloramphenicol are all effective against pneumonic plague.”

    http://www.bt.cdc.gov/agent/plague/factsheet.asp

  • Youri Carma
    Nov 13, 2009 at 9:15 pm

    @frances snoot

    The virus, which causes death, is very aggressive, it does not strike the trachea, but immediately gets into the lungs and causes heavy swelling and solid hemorrhage. MIXED TYPES of PARAINFLUENZA and INFLUENZA A/N1N1 lead to this state. This is a VERY TOXIC STRAIN, which has NOT YET ANSWERED TO THE TREATMENT of the Ministry of Health”,- said Viktor Bachinsky.

    Viktor Bachinsky noted that the virus is extremely toxic, it is able to penetrate not only through respiratory apparatus but also through the eyes.

    http://www.topix.com/forum/world/australia/TNO47C7JO30RGR0JO

  • Bonn
    Nov 13, 2009 at 9:15 pm

    @ Mep
    Man i am turning Vegitairian
    http://topdocumentaryfilms.com/food-inc/
    I wanted to Puke Oh Lord where and how did we come to this

  • Bonn
    Nov 13, 2009 at 9:19 pm

    Clusterf#@k to the Poor House – Wall Street Bailout
    http://www.thedailyshow.com/watch/wed-february-11-2009/clusterf–k-to-the-poor-house—wall-street-bailout
    One of my Fav Moments TOOO Funny
    RODFL

  • Youri Carma
    Nov 13, 2009 at 9:20 pm

    @Bonn “Man i am turning Vegitairian”

    Are you sure? Cause if you are sure I am sure I can eat some extra meat.

  • Bonn
    Nov 13, 2009 at 9:24 pm

    @ Youri
    Yeah n i believe that Organic Vegtables will Keep anything these Idiots throw at as at bay
    So yup
    You can have my share of meat

  • Youri Carma
    Nov 13, 2009 at 9:26 pm

    @frances snoot

    If I where to be the Doc I would try heavy antibiotics anyways.

    Much less harmfull than all of those toxic Injection Vaccins and certainly Tamiflu, I would never take that. That would mess up your whole bodely immum sytem.

  • Supergeek
    Nov 13, 2009 at 9:27 pm

    @Y’all
    one more…. grey bloke learns about the NWO.
    http://www.youtube.com/watch?v=pmToueIgoNY

  • Youri Carma
    Nov 13, 2009 at 9:30 pm

    @Bonn

    TnX Bonn ….

    but be aware that if you wonna be sure to get the same nutrcians from the veggies you must eat a lot of other beans and stuff. Be sure you informe yourself well about the veggie food cause otherwise you’ll get sick.

  • frances snoot
    Nov 13, 2009 at 9:37 pm

    Youri:
    I spent some time looking for the AN1N1-California flu information. The Mayo clinic does not even publish the AN1N1-California flu in its list. The sites I search interchange the name H1N1a/swine flu with AN1N1-California which makes me think the N1N1 marker is the trait for spanish flu. The stories out of Ukraine are indicative of pneumonic plague. Your news link is not verifiable beyond rumour.

    Hopefully this is just a scare but I would treat the causitive agent as bacterial not viral based on the evidence from what we know now. It surely looks like pneumonic plague if the stories are true. (IMHO!!!)

  • Bonn
    Nov 13, 2009 at 9:38 pm

    Oh the India cusine has Lotta vegtable dishes we have obese vegetarian here namely the Brahmans the use to be the High priests of Ancient India
    :-)

  • susan
    Nov 13, 2009 at 9:39 pm

    @ dan valley

    thanks for that synopsis: confirms my gut reaction.

  • frances snoot
    Nov 13, 2009 at 9:43 pm

    @Supergeek:
    VERY funny the grey guy and the NWO.

  • snipertrader
    Nov 13, 2009 at 9:45 pm

    @Youri Carma

    There are a whole host of vegetarian ppl living on earth…all hale and hearty.

  • Mitesh Damania
    Nov 13, 2009 at 9:47 pm

    Nomi Prins, a former Wall Street worker who created the CDSes airs Wall Street Dirty Laundry. She says the securities and derivatives were created out of thin air and are not based on anything tangible. She also discusses the motivations of Wall Street workers. IT’s all about ego!

    http://www.askbutwhy.com/2009/11/nomi-prins-motivations-on-wall-street.html

  • Youri Carma
    Nov 13, 2009 at 9:51 pm

    @frances snoot

    You must realise that N1H1 or A/N1N1 is just a global type name with many variations. Spanish flu was a virulent and deadly influenza A virus strain of subtype H1N1 indeed -> A/N1H1

  • Youri Carma
    Nov 13, 2009 at 9:55 pm

    @snipertrader

    Well I was just concerned that some of you veggies might end up like Hitler ;) It seems It makes you very agressive not eating meat at least I get very agressive without meat.

  • Pez
    Nov 13, 2009 at 10:08 pm

    Can a law be written that allows stealing to be legalized?

    Yes and here’s the proof.

    http://www.counterpunch.org/andrew11112009.html

  • Youri Carma
    Nov 13, 2009 at 10:20 pm

    @frances snoot

    I think I first gonna wait for more info on the Ukrain pandemic and wi’ll read your stuff with it later.

    I think my first hunch was right that it wasn’t simply the relative harmless H1N1 virus also because no further harmfull mutations were reported and that in fact the pandemic already had reached it’s peak in October or so I believe.

    All we know from the Ukrain case is that it probably is a Mixed types of parainfluenza and influenza A/N1N1, that’s all, no further specifics.

    Wait and see….

  • frances snoot
    Nov 13, 2009 at 10:20 pm

    “The existence of even a single case of pneumonic plague in a non-endemic area
    should raise suspicion of an act of bioterrorism and requires further investigation.”

    Either the stories are lies or the stories are true but they are lying about the causitive agent.

  • Mep
    Nov 14, 2009 at 12:43 am

    @ frances – I was just curious.

    @ bonn – Good for you. Don’t know if I could give up meat entirely, but I’ve cut way back and get my meat now from a local organic farmer.

    I didn’t realize when I posted the link to the doc. that there is a bandwidth limit and that once its hit, you have to wait a certain time to finish watching . . . bummer.

  • Mep
    Nov 14, 2009 at 12:54 am

    I’m still confused about the swine flu. The US has reportedly had 20 million swine flu cases already; 4,000 people have died. However, my fiance was told by a student of his–who had been treated for swine flu–that they’re really not even testing for swine flu b/c it’s so expensive to run the tests. So I wonder if docs are just calling regular flu swine flu if it seems like a more severe case of the regular flu?

  • Bonn
    Nov 14, 2009 at 12:54 am

    @ Mep
    What i saw was enough though
    Man 4 Large Corperations Running the Whole Show
    Then You have Monsanto.
    and the Technology front
    if you Check the OEM- Original Equipment Manuf.
    there are Just Probably 3 to 5
    Nokia and LG and 2 other Cellphone MAnufacturers RODFL Housed in the same Building
    These Elites are Like Viruses they get into every facet of your Life

  • Mep
    Nov 14, 2009 at 2:31 am

    @ bonn – Just finished watching, myself. I had no idea that there was such a thing as vegetable libel laws (or cloned meat). Monsanto needs to be taken down. That’s all there is to that. Unfortunately, though, Mr. Obama is on the side of A href=”http://www.organicconsumers.org/articles/article_19436.cfm”>complete Monsanto domination.

    Sustainable agriculture should definitely be pursued as a strategy for economic recovery. We need more people being able to make a living growing good food. The farmer I buy from wants to expand a little bit to meet the demand of new customers, but he said the bank loan was too much of a burden. Seems that farmers don’t even consider asking customers to invest in their farms. That’s an idea I’d like to see catch on. Cut out the banks, the factory farms, the chemical companies, and the seed Nazis.

    @ Max – What’s your guesstimate for a high? Do you think that 8,000 is feasible?

  • stacyherbert
    Nov 14, 2009 at 2:36 am

    @Mep – depends on what the dollar does and whether or not all currencies are tumbling, what’s happening in the global market, etc; and even if it hits $8000 USD, then it might not be hitting say 5000 EUR if it is just a dollar phenomena; will talk about this on one of our shows in next few days

  • Mep
    Nov 14, 2009 at 2:49 am

    Thanks, Stacy. I rely on you and Max very heavily for my understanding of markets. Just a rookie, I am. ;-)

  • pg
    Nov 14, 2009 at 2:53 am

    wow, wall street heaven is being licked head to toe by greenspan. he is a ugly mug. i think i would rather shovel shit in hell. pg

  • frances snoot
    Nov 14, 2009 at 5:53 am

    http://www.nytimes.com/2009/11/13/world/13flu.html

    Blatant lies:
    “Although antiviral medications are most effective when used within 48 hours after symptoms start, Dr. Shindo said the drugs should be given even after that if a person is very sick.”

    “In Ukraine, it appeared to take about two weeks from the time the first deaths were reported in October for the authorities to link them to the H1N1 flu.”

    The WHO is disappointed that Ukranian ‘protocol’ meant a reduction in their ability to push Tamiflu:

    “The new guidelines say that anyone with flu-like symptoms for three days, along with people in several high-risk groups — pregnant women, children under 2 and people with underlying respiratory problems — should not wait for laboratory tests to confirm the diagnosis but should be treated right away with drugs like Tamiflu.

    Although Tamiflu had been stockpiled, protocol required doctors to prove a patient had H1N1 with laboratory testing before prescribing the medicine, said Nadezhda Rudnitskaya, the chief of pulmonology at Lviv Medical University.”

    HINIA/swine/whatever is become resistant to Tamiflu, and (IMHO) most probably always was because of the HINIa component. The WHO wants to pedal Roche drugs without restrictions.

  • white hunter
    Nov 14, 2009 at 6:19 am

    Related to the article that max posted, on Wednesday, November 11, 2009, a new fund of junior gold mining shares began trading called Junior Gold Miners ETF (GDXJ) The basic idea is that smaller companies tend to be more volatile than larger ones, and therefore GDXJ will usually experience greater percentage moves in both directions than GDX. I know that max, and manyof the readers of this site are not fans of etfs, but as the article states, I think accurately, etfs is where the money will flow when the gold market goes parabolic.

  • mike
    Nov 14, 2009 at 7:34 am

    DUDE YOU HAVE THE MOST AWESOME BLOG ON THE INTERNET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    I love it dipped in chocolate and licked head to toe by Allen Greenspan!!!!

    Doing God Work

    Tie weights around Goldman Sachs Traders/ Banksters legs and see if they float!!!!!

    IF THEY FU#$%^ FLOAT I”LL AGREE THEY WORK FOR GOD!!!!!!!!!!!!!!!

  • jack frost
    Nov 14, 2009 at 9:14 am

    excellent OTE episode again. thanks Max and Stacy.

    yes. i read some of that article on blankfien thinking he’s doing gods work earlier this week. it gives you a bit of insight into the mentality of the parasitic scum that is goldman sachs and it dosn’t surprise me that they abandoned the kittens.

    it was a good article woth reading…

    http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece

  • hamstercheese
    Nov 17, 2009 at 9:18 pm

    Mr. Turk says [paraphrasing] the US has to move from an economy of consumption and debt to one of production and savings. Look at the US tax code..what is taxed, production [income] or consumption [debt]? You can deduct your mortgage interest but anytime you produce something for profit you are taxed. The tax code + the federal reserve fiat currency coup are designed to enslave a society into debt slavery. Throw out the income tax, replace it with a value added consumption tax, go to a currency system which is not fractional reserve based and you have your utopia. Well….at least better than this.

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