Stacy Summary: The Truth About Markets, 14 November 2009, Resonance FM.
For more download & listening options visit Archive dot org
  |
 |
 |
-
ref. max keiser & Get 6 mo’s free storage
-
-
Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
-
Most recent: 
I would kiss his feet and lick her soles! you scum Amelikanz!
US Embassy in Japan Refuses to Pay Its Rent – For 9 Years
http://www.shortnews.com/start.cfm?id=61124
2 trillion yen of Japanese tax money used to upgrade U.S. military facilities in Japan
http://www.japan-press.co.jp/2009/2627/usf.html
http://www.ipb.org/i/pdf-files/Japan_Low_Military_Spending_Underscores_Dependence_on_US.pdf
Glad we stopped paying for this shit…
http://www.yomiuri.co.jp/dy/national/20091107TDY04303.htm
Peak water, peak oil, peak gold, peak lethargy, peak stupdity: seems like man’s rational age sure has led to a lot of sorry peaks.
Not to worry. Personal agency will be denied for rational choice. Goody: and no inequality! Two classes of people: elite and slaves. Oh, or dead people.
Here is the ticket to staying on top of the crap pile…
####RATIONALITY#########
@Scott:
Sure, if one wants to sit on top of a pile of shit and play King of the Crap Mountain.
But even rationality won’t stop the criminal cartel from sealing of certain regions of the world from industry and people: say like the great plains. All in the order of ‘leave room for nature’. Oh, and rationality says that you, Scott, are of a lesser order than some animals. It all depends on who gets to foist their male dominination over others.
@Mep:
The US is more unequal that at any time in recorded history.
Mep, you forget the period where slavery was a legally protected right.
@Bonn: so Rumsfeld is your hero??? You missed the video of him shaking Saddams hand when he was in Baghdad and delivering the gas that was lobbed( genocide??) @ the Kurds and the Iranians…what about his connection to Big Pharma and the flu vaccinations??? Didn’t he also maintain a desk @ the Pentagon as a consultant even after he stepped down from the Sec of D position…and recently as broadcast on C-Span on the dais with Cheney and Sen. Kyle delivering a keynote address for the Flame of Freedom award…or some such neocon tribute…the mess he perpetrated in the Pentagon since the 1960′s still continues the style of billing and contracting enforced today..no competitive bidding, cost plus contracts, the swinging door between gov and private defense contractors; the DIA and the extra assassination team that Cheney had at his disposal…where are those assassins today anyway?? Maybe that’s why Obama keeps bowing to foreign dignitaries???
@Max
i’d be interested in hearing alec baldwin if you could get him to really say anything.
the reason nobody cares what he has to say is that he has soooo toned it down since obama got elected, i imagine so that he can one day run for public office as a democrat. the stuff he used to write and say really packed a wallop.
@ Jeemobon – Yes, we appear to have reached Peak Inequality in the US. The US is more unequal that at any time in recorded history.
http://www.huffingtonpost.com/bruce-judson/new-income-inequality-dat_b_303760.html
Of course, it may not be a peak . . . it can always widen even more. If it does, there will be revolution and it won’t be pretty.
Max, the lease on the base in Cuba was up 3 years ago. The U.S refuses to leave but sends a check for the rent which in turn is returned by Castro. The U.S is like a bad relative.
I guess peak lethargy hit at the wrong time..
Hahahha
Thats Schving Schving.
One of my favorites
right so I thought max pulled that thing about peak water out of his shvang hole or whatever you call it, but I had to search it and turns out it’s real.
http://www.youtube.com/watch?v=Rm7lxwKgO5I
peak non-renewable water makes sense to me, but peak ecological water sounds like just using a buzz word to make a point. Anyway, non-sustainable practices of water use…
anything else peaking?
You think we’ve hit peak stupidity yet?
Rumsfeld flips off Kansas State student
Gives the finger
http://www.youtube.com/watch?v=Im-vJokdoeg&feature=related
Rumsfeld being an idiotٌ
http://www.youtube.com/watch?v=vcDnJyc6-vo&feature=related
RODFL
RUMSFELD’S BEST musics irratating though
http://www.youtube.com/watch?v=CEBu2FW7LB8&feature=related
Blimey Slimey Sliherin snakes
http://www.youtube.com/watch?v=eootfzAhAoU
Yo Rumsfeld Wheres the missing trillions of Dollars ?
Hm err we workin on the Answere errr hmm waiting for y’all to die so we can carry on
I think theres a contest Going On
“Who can get away with this Biggest SCAM?”
I fell Rumsfeld has left everyone in the Dust
Well Obama’s out there too
RODFL
22 Republicans and 20 Democrats caught using talking points straight from a biotech company in their House health care speeches:
http://www.nytimes.com/2009/11/15/us/politics/15health.html?pagewanted=1&_r=1&adxnnl=1&adxnnlx=1258272546-5DZOpO6X9/Q8pkpiuzkdSw
These useless morons can’t even debate issues using their OWN effing words.
@maxkeiser.com
it wasn’t just that people were earning more money that made the seventies the way they wuz!!!
http://www.youtube.com/watch?v=_vUhSYLRw14
h/t boing boing.
101!
The detail I get from the Vietnam War, according to Russian Television, who made a documentary from their point of view, is that the Vietnamese, with the help of the Soviets, shot down some 2500 U.S. aircraft. This tiny, secret fact not priviledged to U.S. citizens sets the tone for the cold war many decades afterward. The deterring factor is convential weapons limiting air superiority, followed upon by MAD.
They also really don’t want you to watch this episode of “The Cold War” actually produced by CNN, which was for a time, the propaganda arm:
http://video.google.ca/videosearch?q=ep.+18+cold+war&emb=0&aq=f#q=ep.+20cold+war&view=2&emb=0
Of course, the wider context is always geopolitical:
http://video.google.ca/videoplay?docid=-1630001170436508560&ei=tj37StuSEIaIlAfM2OHYCQ&q=cold+war+documentary#
So, since the 1980′s, we are to continue to engage nuclear brinkmanship as a sub strategy of MAD.
The gold standard was a limiting factor to expanding commercial banking sector influence within the expansion of the global arms race, and in particular was percieved as the stumbling block to more intervention in Vietnam.
Because you could not set a derivative against the lease rates of gold, you could not overwhelmingly expand the leverage multiple, and thus must rely solely on your “real” economy to foot the bill for full spectrum dominance.
@maxkeiser.com
Oh yeah…. almost forgot to say great show…. last week was a bit too fast… the week before was bit too slow… this week the balance was just right IMHO!!!
PS. Looking forward to the new show with Stacy appearing… YAY!… I’m still convinced Stacy doesn’t appear on the press tv coz she would have to wear a hijab… ok, well maybe the budget isn’t big enough for two presenters… go on, you can tell me!!!
@scott
er… I was just thinking you should write more… I remember a while back… a few others said the same… that’s all!!!
‘
Supergeek….
Huh???????
All….
(or most of y’all….)
The world is changing…
*********profoundly**********
Here is the ticket to staying on top of the crap pile…
####RATIONALITY#########
Shhhhhhhhhhhh.
Don’t tell the others….
@ Supergeek – Heh. Thanks for that. My avatar is Mep. I don’t know what Mep actually is — a dogbear? Years ago, I found the site OddTodd.com. The person who created it was laid off, and so he created a series of laid off cartoons. Mep was his pet. The cartoons were hilarious; Todd kept making more. A list of them are here. I think Mep is in most of them.
RODFL Starbucks,and Mac in the inner 4 states of the US
So they have thier Backs to the Borders
RODFL IS thier an Artist thier who can make a cartoon on that
Shemada RODFL LOLOLOLOLOLOL
@mep
I got one more little animation to share… never quite sure what your avatar is… a dog, a bear???
Genre.
http://www.youtube.com/watch?v=z1n3JBQdN84
@ Max are you High
RODFL man i cant wait to have a Drink with you Cheers
RODFL
Just Saw on CNN Does Increase in Taxes = Increase in Jobs
RODFL
@Supergeek:
OOGday IGHtnay! EETsway Eamsdray!
Frances….the church is ONLY the people of Faith in the Living Mystery…Flannery referred to your identification-the CHURCH- as merely another “cross to carry”…you like her style, her moves…you missed her point(as she fully anticipated)…the facts got ya’ again…go figure.
Jim: Flannery believe in the absolute authority of the Pope. Do you need a link?
@ancesfray ootsnay
eemssay otnay utbay aybemay eshay isway ustjay ayingplay umbday. It’sway ardhay otay elltay inway ymay experienceway ethay utchday understandway engilshway eryvay ellway, utbay ouyay ouldway obablypray owknay etterbay anthay emay eingbay away itbay oubleday utchday ourself!!yay!
spay Iway usedway anway onlineway onversioncay ooltay orfay isthay essagemay andway I’mway otnay oinggay otay oday itway againway
@ancesfray ootsnay
eemssay otnay utbay aybemay eshay isway ustjay ayingplay umbday. It’sway ardhay otay elltay inway ymay experienceway ethay utchday understandway engilshway eryvay ellway, utbay ouyay ouldway obablypray owknay etterbay anthay emay eingbay away itbay oubleday utchday ourself!!yay!
This is a great article about how it is very American to give enemy combatants a trial and about how Rush Limbaugh is ignorant regarding American history:
http://trueslant.com/rickungar/2009/11/14/rush-limbaugh-vs-the-founding-fathers/
Stephen Colbert suggests lead-backed currency for US:
http://www.colbertnation.com/the-colbert-report-videos/255253/november-12-2009/the-word—the-money-shot
@Supergeek:
Ooday ouyay inkthay othermay earthay owknays igpay atinlay? ahay ahay!
Banks and large corporations say they can’t have domestic competition because they “need to compete on a world stage”.
This is crap and just an excuse to have national monopolies or duopolies. It is happening in all fields of business including food distribution and must stop.
http://www.smh.com.au/business/a-lack-of-choice-the-one-thing-you-can-bank-on-20091114-ifjs.html
“Bush JR and a piece of slimy mold on the lower wall of a public urinal in Tangiers.”
LOL!!!
No, not Fungi! Fungible!
Here’s MotherEarth in a limerick Nutshell!
“There was an old man of Dumbree,
Who taught little owls to drink tea;
For he said, ‘To eat mice,
Is not proper or nice’
That amiable man of Dumbree.”
And here’s one for Phil!
“There was a young person of Ayr,
Whose head was remarkably square:
On the top, in fine weather,
She wore a gold feather;
Which dazzled the people of Ayr.”
Both by Edward Lear:
http://www.nonsenselit.org/Lear/MN/mn060.html
@ Mep
Well, the agency’s relaxed its minimum height rules considerably! (And started to hire agents who display actual intelligence :-p )
OT Humour: Some Economic Dilbert
http://www.dilbert.com/strips/comic/2009-10-03/
@frances
@Snoot
LOL Examples of fungible items: One dollar bills, Ipods of the same batch, Big Macs, Kilo’s of 999 grade silver, Bush JR and a piece of slimy mold on the lower wall of a public urinal in Tangiers.
@Jim
Let me tell you it is enjoyable
@Upergeeksay
Uckfay Ouyay.
@france
re… ixnay on the elfless-say
@ majestic – Maybe the abductees wrongly accuse aliens. Could’ve been that the CIA or some other intelligence agency nabbed them.
Michael Hudson/Steve Keen recent conference</a.
@Supergeek:
Am I selfless like the masked man? Am I?
@ Phil
[CC: Stacy, Max}
Off topic to this blog, I know; but after researching the area, *some* Abductee reports appear (quite surprisingly) to have some validity. Not sure what I make of Japan's first lady's claim though! (I admit to not having looked into it yet howeer)
If curious, you could do worse than start here:
[Documentary feat. the Late John E. Mack, former professor of Psychiatry]
http://www.youtube.com/watch?v=_xTQ2-S1n-Q
[part 1 of a 5 part series]
Fraud in Gold, This is pretty cool will gold go up?
http://www.marketoracle.co.uk/Article14996.html
Okay, MotherEarth. So if you are right and gold is fungible in the pearling defintion that gold is interchangeable with gold only as a unit of gold then gold is not a currency as such and I win anyway.
Oops. just used that naughty word again….goodness…Jim…I could….learn to like….communicating in a series….of mind…blip.s.
@Supergeek:
TOO FUNNY.
@MotherEarth:
I won’t use that nasty naughty word, okay? Sorry.
Frances & Mother Earth are Cartesian Extensions & Projections of the Mother-Lode Schumpterian Creative Destruction; otherwise, known as Feminism.
No women. No Men.
Androgyny is Perfected Death.
http://www.thefreedictionary.com/fungible
“Something that is exchangeable or substitutable. Often used in the plural.”
Galoshes would be fungible for tennis shoes if the galoshes could be used as a substitute in exchange: and it would to do if the weather were inclement.
The thing about words, MotherEarth, is that although the British claim to have the standard English, they acknowledge that usage and context play a role in the system of word exchange called language. Why the British even deign to use an Americanism at times for effect!
Do you iron your bed sheets?
@frances
hey just call me call me Mr ‘T’… mostly I never know WTF Jim is talking about… I think he’s taking the piss coz mother T was supposed to be a right horrible twat!!!
one more from the bolex bros – Little Dark Poet
http://www.youtube.com/watch?v=LHFkMDxoqjQ
Early submission for Sunday vid. club: Food Inc. (again):
http://topdocumentaryfilms.com/food-inc/
Just realized that there are instructions listed for over-riding the bandwidth problem. FAQ #10 explains how.
@MotherEarth:
At least you love something about me. I truly care you know. I like to think of myself as a moth pinned to the board of your understanding: you can’t have an opinion of me as I’m not under your control, but you rather like looking on my oddities.
@snoot
That is because you haven’t looked up the meaning of fungible. Funiblity has nothing to do with pricing. Unless gold is fully fungible, a pricing could not exist, so the question how fungible gold is in relation to its price is meaningless..
@snoot
I love how you just choose rich words and juxtapose them inn a seemingly meaningfull way..
@Max and Stacy
Great show, but what of the resession being officially over, I’d like to hear some sharp rebukes..What if the Euro is saved?
Frances…you are a Dumb CANT.
Supergeek…you are joyfull & generous & explicity qualified to be the Mother Teresa of NYC or LA….the true Calcuttas’ of our time.
@MotherEarth:
I assure you I don’t justify the intrinsic structure of the IMF: I would for a rose or a glass of water. The board of governors that sit on the IMF are also the leaders of the politico currency game funded by paper supplied by the same bank. It is these men that justify and vote assension for the IMF.
“The fungibility of gold is only dependend on the availability of recognized bullion and coins of standardized purity,”
The fungibility of gold is dependent on a pricing system based on fraud and the currency trade run through the auspices of the IMF/BIS cartel. Fungibility relates to liquidity in the way digestion relates to food. Without the pricing structure, gold value would be called into question immediately.
I think Phil was being quite honest about investment in gold at this point meriting a label of ‘risk’.
@jim
But there’s Klingons on the starboard side!
@jim
cheers… you deffo have your moments too!!!
The Saint Inspector
http://www.youtube.com/watch?v=pKiyIC_wd6w
@Jim:
If I took dictation for you, I’d be sure to delete the sonorous pings of the ubiquitous periods designed for what purpose I’m sure I can’t readily understand other than a base insecurity with tools. Do you have white hands, Jim? Is that why you detest London and his naturalism? Is it mere cognition that if you were put in a natural state you might melt like shortening on a hot griddle?
Mother Earth…it’s existence you dessicated piece of dirt…not Life. You wouldn’t know or welcome LIFE if it danced on your button for a month.
@scott
Same again… just wanted to say… that you are always a real pleasure to read… even if I don’t always share your opinions, I always wish you would… oh nevermind… suppose ‘less is more’ as they sometimes say!!!
Thank You Masked Man – Lenny Bruce
http://www.youtube.com/watch?v=CebRfSFnWGM
@jim
It’s life man, but not as we know it..
@snoot
You seem so eager to defend the notion that the IMF is like a natural phenomenon intrinsically justified, but is is a human invention with the specific purpose to help states manage international money transfer, hijacked by its own survival instinct and a desire of some to use it as a tool for foreign economic policy.
The fungibility of gold is only dependend on the availability of recognized bullion and coins of standardized purity, see the definition of fungibility. Booyaaa
@phil
I would never say gold is a risk asset. It becomes more attractive in risky environments, but not for risk takers. Are you into fudging now?
@dante
it’s not good to leave things unsaid… though I don’t always agree with you, I really enjoyed your long rant from a couple of days ago!!!
Frances…you are a Secretary masquerading as a thought or a sensitivity….soo mundane,soo clerical.
Thanks, Frank!
Very interesting points. Don’t you see a binding of the three: the IMF/WTO/World bank through G20 structure? The sdr-fiat abilities of the IMF seem to me to argue for its continued importance as hegemon.
Do you think the Codex trade mandates will be inplemented through the WTO? I thought the members walked out of the last meeting?
http://english.sina.com/world/p/2008/0730/174936.html
http://news.xinhuanet.com/english/2009-11/14/content_12457567.htm
IMF = deception and destruction:
“In 1978, one year after Jamaica first entered a borrowing relationship with the IMF, the Jamaican dollar was still worth more on the open exchange than the US dollar; by 1995, when Jamaica terminated that relationship, the Jamaican dollar had eroded to less than 2 cents US.”
“These loans were conditional on structural adjustment policies, which required Jamaica to enact economic reforms – trade liberalization, privatization, and deregulation. However, the reforms were unsuccessful and left the country with $4.6 billion dollars in debt.”
“The IMF frequently advocates currency devaluation, criticized by proponents of supply-side economics as inflationary. Secondly they link higher taxes under “austerity programmes” with economic contraction.”
“……the IMF policy makers supported military dictatorships friendly to American and European corporations. Critics also claim that the IMF is generally apathetic or hostile to their views of democracy, human rights, and labor rights.”
http://en.wikipedia.org/wiki/International_Monetary_Fund
http://en.wikipedia.org/wiki/Life_and_Debt
the enforcement is the US Military…PERIOD;as always.
think of FCB Purchases as Protection Insurance.
Vito Corleone Understood; much more than Plato or Augustine. Paul was a’scared to speak about it.
@frances – re: IMF
I’m more focused on the World Bank and the WTO. The WB because the head is always an American by a sort of gentleman’s agreement coming out of Bretton Woods. The IMF is always headed up by a European.
I think the IMF has become irrelevant. China is the new IMF. They are the ones doing the lending. And as you would suspect the Chinese money comes with strings attached. One of the most sinister is that the recipient must break off diplomatic relations with Taiwan. It won’t be long before Taiwan is handed over to China.
The current head of the World Bank is Robert Zoellick. He is a sinophile. I consider him part of the conspiracy to transfer power from the US to China. Part of Japan’s dilemna with the US bases, is that it provides them protection against China. As much as they fear US Imperialism, they fear Chinese Imperialism even more.
The WTO is where the real action is. That is the real proto-NWO. In contrast to international organizations like the UN, it has enforcement powers. Any WTO agreements take precedence over national laws. We should remember this as the 10th anniversary of the Battle in Seattle approaches on November 30th.
Frances…I said Kerouac…you said London…why did I think of Kerouac…when you were thinking of London…now, I get it.
London’s worse…more proof of Flannery’s comments about modern NIHILISM…the lady scores again….touche.
Frances….the church is ONLY the people of Faith in the Living Mystery…Flannery referred to your identification-the CHURCH- as merely another “cross to carry”…you like her style, her moves…you missed her point(as she fully anticipated)…the facts got ya’ again…go figure.
Kerouac??…you continue to entertain & amuse.
@FrankHope:
What do you think of the IMF, sir?
Peak Credit is a result of the G20 power structure delivering choice into the hands of those that feed its voracity with reward.
Where was KOOL MATT when Japan went to Zero rates in 1995….Public figures are mere over-paid ASS WIPES….they get to eulogize the CRIME and consecrate the Pied-piped Lamb…draw bridge drawn…move along.
@Jim:
Flannery O’Connor WROTE about mystery but relied upon the AUTHORITY of the Catholic church to define mystery FOR her. I can assure you I would NOT want to be in that position.
I adore her writing of course, she’s the best short story write I can think of next to Jack London. And who said grammar is sterile? Why, grammar performs feats of daring doo every day: it molds your words, sir, into something resembling sentences despite your apparent disregard for convention. What WOULD we do without a go at following your …. from one thought…to another? There’s grammar for you: always ready to come to the aide of a mindless argument.
@Y’all
‘Are Earth’s Oceans Made Of Extraterrestrial Material?
http://tinyurl.com/yhvw3bl
Frances…you would like to be Flannery O’Connor but your not & you know exactly why….she understood & welcomed Mystery…. Your prefer to remain rational & terrorized….nice goin’.
At least now you have your empty, sterile grammars & geometries……and can spot a fact from a mile away.
@stacy
That’s cool about Matt Taibbi coming on the show. Did I have anything to do with that? Remember, I sent you his email.
Matt thought the MSM was his friend when they jumped on the Goldman Sachs bandwagon. After he did the article on naked short selling, he found out that the MSM isn’t really interested in any substantial dialogue on what’s really wrong with Wall Street.
Hopefully, he’s learned his lesson and will stop shunning the true resistance movement which is people like Max and Alex Jones and the army of bloggers. I include myself in the last group.
P.S. Here is an article I did on Matt. He sent me an email in response, and I recommended that he contact you and Max. Actually there’s more to the story, but I’ve been sworn to secrecy
DTCC – Wall Street’s Untouchable Bookie
You can read Matt’s article about naked short selling here.
Wall Street’s Naked Swindle
“International Money Flows is PURE Money Laundering having nothing to do with the exchange(inputs & outputs) of goods & services…”
Did I write Money Flows? International Currency Flow Control more like it. And yes, the regulation for the OTC derivative market is coming out of the Basel Committee and eminating through the OCC/Fed system US. The proposed regulatory agency, the International Clearing Union, is set upon to perform this function:
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.
http://europenews.dk/en/node/26344
(basel guidelines)
consolidating supervisor: a new national banking supervisory body responsible for cross-border issues. It must ensure harmonisation across the single market.
http://www.euractiv.com/en/financial-services/basel-ii-capital-requirements-directives/article-141423
In regards to Sweet One, I’d like to inform you, Jim, that ‘sweet’ is not one of my most notable attributes and one which you will not find any tangible experience with in this life: regards a bite of rhubarb pie without any sugar.
Frances re: IMF
Please entertain that the IMF is pure virtuality, pure abstraction, pure aesthetic, pure wisp….once again, an off-shore GSE//SOE created like David Hemmings to dump all the dead LEMMINGS….and everyone breathes a sigh of relief & says thank god.
Overall, the US…like the UN is another Legal East India Co….Diamond Pitt is the Founder of Amerika. Democracy continues to project the approval of the Proles.
Lenin’s original expression; in keeping with his Lord Sponser Ludendorff…”dictatorship OVER the Proletariat”.
Great point about liberals.
@phil
cheers… enjoyed that hadron ‘gate of the sun’ peru link earlier… crazay yeah… a bit wacky too but hey who knows!!!
And where shall Knowledge be found ?
Where does Comprehension come from ?
No man knows its progression ;
its source is not where mortals dwell …
Solod gold not its full measure ,
in silver it is priceless .
To the red gold of ophir it is not confined ,
nor by precious cornelian or lapis- lazuli .
Gold and crystal are nor not its measure ,
neither is its value in golden vessels .
black coral and alabaster need no mention ;
Knowledge is beyong mere pearls …
job.
Speaking of Peaks – Peak American wages in the 1970s.
Good point Max!
In a case of serendipity, I happened to just write an article about the Sioux/Lakota Chief Sitting Bull.
Chief Sitting Bull and the Ghost Dancers
Warning: It’s a pretty sad story. I never realized before the events surrounding the death of Sitting Bull.
@Jim:
Shadows of the collective are often right sorry pains in the ass, Jim. And this hide-bound vehicle detests the hypocrisy of those who support a system which delineates the rights of indigenous people, common people, middle-class people, and now upper-middle class to rich people for the sole purpose of enriching the portfolio of the bank’s (IMF/BIS/WorldBank) backers.
Tricksters are easier to spots than tricks. One can usually smell a sorry conman from a mile away: they reek of snake oil which they use to lubricate their capablities. Unfortunately, the buyers of the oil refuse to notice it does them no service but only renders them maleable.
IMF
Purpose: consolidation of assets for the bank’s monopoly interests
Principal: rely on the greed of people in servicing their own interests over their fellows
Order: G20 political power structure operating through poppet heads of state and currency hegemony
I’m feeling nervous for some reason about Gold, think of investing in Platinum instead.
@supergeek See how nice my puppy is, pulled the pants over his face as an impersonation of Geithner telling more pork pies
I would love to see us build houses & bridges like Lansky built Companies….that would remove all problems from purview in short order….Next!!
Frances…International Money Flows is PURE Money Laundering having nothing to do with the exchange(inputs & outputs) of goods & services…check out the derivative market for starters…no more Bills of Exchange….just Bills of Transfer.
Sweet One…these mechanisms & machinations reflect the cunning motivation and “methods”of Mayer Lansky & Walt Disney…not the creative energy of Henry Ford & John Dunning.
Great show as always Max & Stacy.
I was wondering if you could harness the ‘wisdom of crowds’ theory, by coming up with a top-ten-possible-scenarios-list about gold, flu, $US, whatever, you choose. Let us vote and see where the chips might fall.
Whenever you get some free time.
Frances…you insist on never missing a trick…jeesh.
Now, smart ass…follow you own oppressive logic….what is or isn’t in actuality…the IMF?…another shadow; I suggest.
Naturalists, Nominalists, Reductionists…literalists abound. Once again, my hide-bound friend….purpose, principle, order…NOT: fact, policy, organization.
Uniformity is NOT UNITY.
Union is the totality of differentiation & it’s subsequent CONTRADICTION. You, dear Library-one…demand the expulsion of suspending, sustaining CONTRADICTION.
The winds in the North go west to east.The Winds in the South go East to West…WHY??
Mystery is Spontaneity…not Instantaneity.
strictly quid pro quo.
International currency flow control is hardly quid pro quo, Jim.
@ Max – I get what you mean about taking knives to gun fights. What I don’t get is what you think an “economic battle plan” would look like for people who want a reformed healthcare system. It’s one area where there is extremely little choice . . . it’s not like we can fight back by dumping our insurance plans. Short of buying gold, how do you think a battle could be waged? The only thing I can think of would be for insured people to start accessing the system for every kind office visit, treatment, and procedure that they can think of . . . just to eat in to the profit margins of the insurers and make them pay out claims. But even there, insurers have the power to deny the claims, cut off coverage, etc. And Wall St. reserves the power to tell the insurers that they have to shift more of the burden onto the employees of company X, because company X’s employees are using too much health care.
“gold rises in value as the dollar falls”
?
Gold is priced in dollars, but the value of gold is a question not related to the play of the dollar with the other currencies in the dollar value index basket. The fungibility of gold is dependent on the dollar’s ability to retain exchange value within the currency market.
@jim
IMF=International Monetary Fund
the so-called IMF’s(whoever & whatever that is?) sale of Gold to India was valued at 6.8 Billion…Hell, Afghan Warlords shit more than that by Noon each day….My guess is that if there is any Gold actually involved….it never left NY….just another keyboard entry related 7 released for the sake of Universal Proletarian Frothings…Mission ACCOMPLISHED…LIKE ALL entries IN NY…just fictions that can ONLY be drawn & spent in NY….probably has much to do with current frenzies in Pakistan….strictly quid pro quo.
Today I went to the British Museum to see some Aztec bling. Apparently the Nahuatl ( Aztec ) word for gold translates as God’s excrement. So, to clear up the debate, gold is shit, but at least it’s god’s shit.
epha
@maxkeiser.com
cheers for the show…. and as always looking forward to listening!!!
It doesn’t sound like swine flu, the mini-pandemic in Ukraine. If it’s bacterial, then giving Tamiflu would kill people since the antibiotic would be delayed. Is the profit margin better for Tamiflu? Tamiflu has not been proven to save lives: only reduce symptoms. It is known to correlate to neuropsycotic reactions in teens.
http://www.wkyc.com/news/national/news_article.aspx?storyid=78800
“Early findings are that serious cases mounted because the sick avoided hospitalization until their illness was dangerously advanced,…”
Hmm, sounds unfortunately familiar… like the uninsured in the US.
@Max and Stacy
You left out peak interest rates in 1981.
This is overlooked by almost all pundits. To crush the 1970′s monetary inflation, as well as, crush gold the Fed jacked interest rates. The side effect was that the US productivity was neutered and the US began its ascent into a service economy. Foreign goods producers emerged and benefited while US producers began their decline and uncompetitive status. Also, this is the point that most people fail to understand about gold, it was crushed by raising interest rates something that can’t be done today.
It is important to understand the economic impact from the 1981 interest rate spike. It wasn’t just Reagan deregulation.
The return on gold bullion since the 1971 release from the gold standard is around 9.5% annual while the Dow is around 8% with dividends reinvested.
Does Max do this show drunk? What is going on?
A number of years A NUMBER OF NEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Ukraine flu report
Fragile Care Worsened Swine Flu in Ukraine
By ELLEN BARRY
Published: November 13, 2009
LVIV, Ukraine — When patients began arriving in Vyacheslav Bonder’s intensive care unit two weeks ago, their lungs so saturated with blood that they could barely gasp, the only thing he could compare it to was a field hospital in wartime. As soon as he hooked one patient up to a ventilator, a second and third would appear in the doorway.
By that time, hospitals were clearing wards to make room for a wave of pneumonia cases, and people were crowding into drugstores to buy whatever they could get their hands on. Rumors were circulating that the government had ordered the city aerially sprayed with chemicals, to cure Lviv (pronounced luh-VEEVE) of disease or, in a grimmer version, to exterminate its carriers.
The panic lifted almost as quickly as it had arrived, and the World Health Organization announced Friday that the swine flu illnesses and deaths so far in Ukraine — 265 fatalities nationwide, with 87 in the Lviv region — were statistically no worse than those in other countries. But what happened here has drawn rapt attention from experts bracing for the epidemic to hit Europe, and especially the fragile health care systems of countries of the former Soviet Union.
Early findings are that serious cases mounted because the sick avoided hospitalization until their illness was dangerously advanced, stockpiles of Tamiflu were locked in centralized locations and the supply of ventilators fell short, said David Mercer, of the World Health Organization’s European regional office.
more-
http://www.nytimes.com/2009/11/14/world/europe/14flu.html?_r=1&hpw
“For emerging markets, IMF bonds have many attractive features. First, they would count as foreign exchange reserves per the IMF’s definition. This implies that emerging markets could simply substitute one reserve asset for another by buying these bonds. Second, buying these bonds using existing foreign exchange reserves would have no budgetary implications and would not require legislative approval. Third, IMF bonds would facilitate diversification in the currency composition of reserve holdings. The value of SDRs is based on four currencies, with the U.S. dollar accounting for only 44 percent of the total weight, as noted earlier. The SDR interest rate is also slightly higher now than the yield on U.S. treasury bills.[2] Fourth, the emerging markets would be able to restrict their additional financial support for the IMF to a limited period rather than an open-ended commitment via the NAB. This would enable them to maintain pressure for eventual reforms that would give them greater representation at the IMF in exchange for providing more permanent contributions.”
http://www.brookings.edu/articles/2009/0504_IMF_bonds_prasad.aspx
IMF Bonds are denominated in SDRs:
“The IMF’s board may consider in late June or July a proposal for the Washington-based lender to issue bonds, the fund’s spokeswoman Conny Lotze said today. The IMF probably will sell the bonds only to member states and central banks.
The debt will pay a yield similar to U.S. Treasuries and will be denominated in the fund’s basket of currencies, known as Special Drawing Rights, Mantega said at a press conference in Brasilia. The IMF calculates the value of SDRs daily, with 44 percent weighted towards the dollar, 34 percent to the euro and the remainder split between the yen and the pound, according to its Web site.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_znw8oxnBzs
Two forms of news:
The news for the rich insider:
http://www.brookings.edu/articles/2009/0504_IMF_bonds_prasad.aspx
“The IMF already has in place a framework for issuing bonds. This framework was approved in the early 1980s but has never been used. The proposal to issue bonds was revived about a year ago when the IMF was facing cash flow difficulties in financing its administrative operations. This proposal has now resurfaced as a vehicle for increasing the IMF’s resource base.
A number of details regarding the structure of the bonds are being worked out by the IMF. But some details can be gleaned from existing proposals. These bonds would be traded only amongst the IMF and official agencies, i.e., central banks of the IMF’s member countries. There would be no secondary market for private investors to acquire or trade these instruments.
It is likely that the bonds would be denominated in SDRs and pay an interest rate linked to the SDR interest rate. The SDR is the IMF’s composite unit of account that is comprised of four major freely convertible currencies with the following weights: US dollars: 44 percent; euros: 34 percent; yen: 11 percent; and pound sterling: 11 percent. It is expected that the maturity of these bonds would be relatively short, perhaps around 12-18 months.”
And the news available to Joe Shmuck:
“If I (Felix Salmon) had to guess at how all this is going to play out, I’d say that
any bond purchases by Russia will be so small (on the order of $10 billion or so) that they would make no difference at all to the Treasury market;
any IMF bonds will be denominated in dollars, not SDRs, and as a result there will be no extra currency diversification of sovereign FX reserves;
in general this whole question of the IMF issuing bonds is going to turn out to be a non-issue as far as the big picture of international capital flows is concerned.”
Felix Salmon didn’t lie: he prefaced his blurp with “I think”.
Luckily his readers don’t. Think that is.
@Phil:
What happens when Talf shuts down?
In Brazil, people with some of the world’s smallest carbon footprints are being displaced—so their forests can become offsets for SUVs.
—By Mark Schapiro
http://www.motherjones.com/environment/2009/11/gms-money-trees
Larchmont & Darien…now’s that’s cute….another Sarah Lawrence or Bennington Ex-patriate Rebellion….Tender is the Nite
By Jan 1…China will have lent their ENTIRE 2 Trillion Reserves(dubious as they are//mostly FDI on the currency arb//bet)) into the Domestic market….now there’s a good bet….all it really was a giant loan to meet an unprecedented margin call on property & equity markets.
Deek Jackson …
SAVE THE WORLD OR SHUT THE FUCK UP
http://www.youtube.com/watch?v=QtduCB33VQY&feature=sub
One of his more serious moments !
Max…the reason these other “darlings” are trading in their own paper is because they are out of dollars…all their dollars have been bet & lost….if they don’t “barter” : they don’t eat. The needed dollars have been spent & LOST….forevermore.
The US by any measure is creating far fewer dollars than any year in the past ten. So, dollar demand is for 10; but dollar supply is now 8….dollar shortage squeeze//shortage.
Max… China, India, Brasil, Russia are creating “paper” at the tune of 30% per//annum…our money is barely growing at 1%.
Get Real.
Normally in the Gold Biz: 80% of the yearly demand is from Jewelry…10% is industrial….10% is investment.
The Jewelry demand has collapsed. In fact, like the late 70′s; many of the Aunt Millie’s are willing or forced to sell their jewelry for the more necessary “paper”. It was the housewife that caught the top in the late 70′s.
The “fiat” fuss is absolutely necessary to offset the collapse in jewelry demand. The authorities are willing to co-operate with the Gold Bull; as it keeps a permanent offer on the dollar….which is the major concern.
Ironically, every holder of non-dollar assets(GOLD) is looking forward to selling their assets for yet//even more PAPER at some time in the future….In other words; we don’t really want the gold after all…we just want Gold to generate more paper(for us) down the road.
Gold is just another NECESSARY BUBBLE. …man’s love of circular delusion is truly Kosmic.
Thus, in order to make up for the
@44 minutes … Alien abduction
… an LSD trip probably.
Guam … nice atol .. my father landed a C130 there many years ago. Took some nice photos just before landing.
@Bonn … Aurum – Aura – Awe
On Gold:
1. It’s a risk asset, so it’s benefiting from the rush to risk.
2. Borrowing at Zero to buy something with Zero yield is income-neutral.
3. It’s the only asset that, based on history, outperforms under both horror stories—Depression and Hyperinflation.
4. Its upside breakout came at the time of Halloween.
5. India announced purchase of half the hoard on offer from the IMF, which had been weighing on gold prices, and there are rumors that China will take up the rest. This was the second surprising announcement from India within a fortnight. The other was that the United Arab Emirates had displaced such nations as the US, China and Germany as India’s biggest trading partner in recent months. Apart from tea, and gold in the form of baubles, bangles and beads, what big-ticket exports other than bullion could India be sending to that collection of gold-loving states? It’s no longer exporting rice or sugar.
6. Statistics from across the world confirm that the economic recovery is gaining steam, so the specter of inflation is moving stealthily from deep in the primeval forest toward the main path. Travelers beware.
7. Barrick CEO’s statement in London about the continuous decline in new gold mine output, suggesting, “There is a strong case to be made that we are already at ‘peak gold’.’’ The golden rule of commodities has been that the cure for high prices is high prices: when the price of stuff goes up, big new production always follows, and the price goes down. Gold’s price has more than quadrupled, but new-mine production keeps falling. With central banks apparently switching from the sell to the buy side, this may be a new world for the oldest store of value.
8. All of the above.
http://www.zerohedge.com/article/coxe-power-zero
http://online.wsj.com/article/SB125787408816041615.html
shows up in yield curve
http://www.bloomberg.com/apps/news?pid=20601087&sid=aksE27sGTiDc&pos=7
“The two-year has hit the wall” at a 0.80 percent yield, said David Ader, head of U.S. government bond strategy at CRT Capital Group LLC in Stamford, Connecticut. “We have a high degree of confidence the Fed is not hiking for the next six to nine months. The best of the good news is priced in.”
Talf continues to June 2010:
Over what time period will the TALF operate?
The facility will cease making loans collateralized by newly issued CMBS on June 30, 2010, and loans collateralized by all other types of TALF-eligible newly issued and legacy ABS on March 31, 2010, unless the Board of Governors extends the facility.
http://www.newyorkfed.org/markets/talf_faq.html
UNREAL
@ 29 minutes … Braer Rabbit !
Peak everything:
http://www.chrismartenson.com/
(I’m sure you guys already know about this site).
Basically we have already found all the high and medium grade stuff – downhill all the way from here.
ABB
Yes .. 1 comment ..
Thank G*d your comment was NOT … “I’m first” !
Still listening… so no comments either as yet.
no comments?