[1081] The Truth About Markets – Christchurch

Posted on November 25, 2009 by stacyherbert| 78 Comments

Stacy Summary: Morning. Here’s The Truth About Markets, Christchurch.

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78 Responses to [1081] The Truth About Markets – Christchurch

Mep | November 25, 2009 at 11:29 pm |

@ Karl Marx – Yes, obesity and its health consequences (e.g., diabetes, heart problems) are absolutely tied to class. It’s a relatively hidden form of inequality. And when lack of access to health care is added into the mix, being poor or even lower-middle class in America can be a death sentence. However, there is evidence that obesity is rising for people of all income levels. I haven’t seen enough data to assess what the underlying factors are; my guess would be that it has a lot to do with the degradation of our food system (e.g. high fructose corn syrup and increased reliance on other sweeteners/additives; factory farming). It would be interesting to see whether increased work hours and time spent commuting are also implicated. That’s perfectly logical considering that the majority of people have been increasing time spent at work to make up for loss in wages, benefits, and purchasing power in general over the past 3 decades.
Karl Marx | November 25, 2009 at 7:37 pm |

Let’s be clear, obesity in Amerikkka is a phenomenon that’s developed out of class distinctions:

* Access to nutritional foods is restricted whereas cheap processed foods are filled with only addictive ingredients appealing only to sensory inputs for the bottom line.

* Irregular eating habits caused in the duration of time between when food stamps expire, going without cheap processed junk food, and gorging oneself after your “Quest” card is recharged.

* Geography is another contributing factor that can both limit access and perhaps even inhibit or restrict ones ability to exercise, ie. getting shot, mugged, or raped are good deterrents.
Karl Marx | November 25, 2009 at 7:09 pm |

Thanksgiving in the Manhattan Colony

In 1641 the Dutch governor Kieft of Manhattan offered the first “scalp bounty”–his government paid money for the scalp of each Indian brought to them. A couple years later, Kieft ordered the massacre of the Wappingers, a friendly tribe. Eighty were killed and their severed heads were kicked like soccer balls down the streets of Manhattan. One captive was castrated, skinned alive and forced to eat his own flesh while the Dutch governor watched and laughed. Then Kieft hired the notorious Underhill who had commanded in the Pequot war to carry out a similar massacre near Stamford, Connecticut. The village was set fire, and 500 Indian residents were put to the sword.

A day of thanksgiving was proclaimed in the churches of Manhattan. As we will see, the European colonists declared Thanksgiving Days to celebrate mass murder more often than they did for harvest and friendship. [1]

Transcript + podcast:

http://mikeely.wordpress.com/2009/11/15/native-blood-the-myth-of-thanksgiving-2/
dan valley | November 25, 2009 at 4:40 pm |

@ snoot…..Interesting. The horse of the Apocalypse representing famine is set to ride when a man’s whole day’s work is rewarded with a handful of grain. Quite the backdrop to what we are soon to experience with the currency volitility.
……most in china already work for a handful of grain…I see the BB peice is still ruminating with you.
GGees | November 25, 2009 at 2:47 pm |

Let the peasants eat cake!
Mep | November 25, 2009 at 2:10 pm |

@ Max – I don’t know that we have an accurate estimate of fuel costs in Afghanistan. $400/gallon has been commonly cited as the upper-end of what fuel costs. But if we believe Pentagon figures that the marines use 800,000 gallons per day, then the sticker price is $320 million/day JUST FOR the marines.

http://thehill.com/homenews/administration/63407-400gallon-gas-another-cost-of-war-in-afghanistan?page=2

Sickening, indeed.
norcalkid | November 25, 2009 at 2:06 pm |

re: hackers, data storage and Afghanistan…
The governments will never be able to keep up with the teenage hackers. My bets always go with the hackers, they have creativity and knowledge on their side. As to safe storage, get a bunch of cheap flash drives to backup your data. They are small and easily stored.
No outside military entity has ever been able to “conquer” Afghanistan. Why does the Pentagon think it can “win” where other empires have failed? Morons. I invoke Santayana’s quote about learning from history.
Mep | November 25, 2009 at 12:32 pm |

@ James – My local grocery store(Wegmans) is determined not to be undersold–turkey is advertised at 49 cents per pound, but in the store, it’s 29 cents per pound w/ a $25 purchase. It’s supposed to be a limited, one-per customer thing @ the 29 cent/lb. price, but I’m reading that some locals have been able to get multiple turkeys at the checkout for that price. In contrast, their free range turkeys are in the neighborhood of $2.50-$3.00/lb. I spotted a 20 pounder for $59.

@ Stacy – I like that you’ve already decided the color of burka that you’d like to wear into Afghanistan.
PaulH | November 25, 2009 at 11:00 am |

@Justget Itright

Me too. You may wish to consider one of these…

http://www.tumbleweedhouses.com

I have my eye on the Fencl.

Here’s the tour :http://www.youtube.com/watch?v=SbRvsWuWNUM
Adam C | November 25, 2009 at 9:45 am |

@warburg sidney

We are not in disagreement.
warburg sidney | November 25, 2009 at 9:25 am |

Science should be transparence and not act in secrecy, adam!
Youri Carma | November 25, 2009 at 9:18 am |

Turkey Training for TnX Giv’N http://www.youtube.com/watch?v=Wl7q5IELpCY
Adam C | November 25, 2009 at 9:18 am |

The leak/hack story is kinda dead now. From here on in, it’s all about getting access to the ["deleted"] raw surface temperature data and resurrecting honest science.

‘…whatever one thinks of the morality of climate-change alarmism, it is important to understand that the people actively involved in this campaign honestly believe in their cause. This is not a movement that consciously seeks to deceive or which conspires to fiddle the figures. It is a lobby driven by powerful beliefs and convictions, which need to be taken seriously if the issues at stake are to be clarified and understood. — …focusing on the behind-the-scenes emailing and manoeuvring of crusading climate scientists – where now anti-greens accuse greens of being involved in a vast, top-secret conspiracy – may inadvertently reinforce the conspiratorial outlook that dominates the discussion of climate change. And such an outlook is inhospitable to intellectual clarification and the search for the truth. Those who are genuinely interested in furthering humanity’s understanding of the workings of the earth’s climate should resist the temptation to play the conspiracy card.’

Spiked — We don’t need another conspiracy theory
http://www.spiked-online.com/index.php/site/article/7748/

Stay on target; science not rhetoric:

Skeptics Handbook 1 & 2: http://bit.ly/5ilJaD
Justget Itright | November 25, 2009 at 9:11 am |

I am giving thought to converting to an Amish life style, with a Mexican twist, and a couple wind turbines and solar panels.
Youri Carma | November 25, 2009 at 9:11 am |

Yep, that’s right Max the Phone Flute – Pirates of silicon valley – Part 1 (from 5:30) http://www.youtube.com/watch?v=xflXMZL2stU

The New Steve Jobs Flute
http://www.youtube.com/watch?v=8YDqE8rUuFw
James | November 25, 2009 at 9:10 am |

Ni hau Max and Stacey

My Thankgiving dinner will be less expensive this year. I just bought a 15 pound turkey for 40 cents a pound. I am thankfull for that. I will need the savings to pay for the tax increase.

I disagree that the problem is the fall of capitalism. The problem that we are experiencing is the fall of statism. All of the capitalists have moved to China long ago.

tsi chen

P.S. please excuse my pin yin. I’m still learning Mandarin.
Photoception | November 25, 2009 at 9:09 am |

Max you should consider the possibility of a liquidity crisis. The dollar, being the reserve currency, is key to global liquidity.

Since everybody is short the dollar, and therefore short liquidity itself, we could have a catastrophe when people take profits. In the end, everybody has the same plan: sell their gold/assets when they feel they’ve made a satisfactory appreciation, for FIAT currency. It will be greed one minute, fear the next. If I had gold I wouldn’t have the conviction to still hold it today.
maxkeiser | November 25, 2009 at 9:06 am |

Mister Keiser,

As a French reporter, I prepare a serie of interviews about 911 for the webTv “La Télé Libre” directed by the famous political journalist, John Paul Lepers.
We have already talked with Cynthia McKinney, former US presidential candidate and Niels Harrit, a scientist promoting the theory of “controlled demolition” of the World Trade Center.
http://latelelibre.fr/index.php/2009/10/11-septembre-le-droit-au-doute-deff/

We have also interviewed Jean-Charles Brisard, former financial expert for the 911 families
http://latelelibre.fr/index.php/2009/11/11-septembre-pour-une-nouvelle-enquete/

For our next report, dedicated to the 911 put options, I would like to ask you some questions about what and how did you learn about these matters. We can also talk about your project called” Baltimore jihadis” which seems to be directly related to that story.

Could you be free for an hour these following days in Paris for this interview?
Thanks for any answer.

Best regards,

Hicham Hamza
http://latelelibre.fr
Adam C | November 25, 2009 at 9:05 am |

CHANGE!!!

“Change” by Dr. B
http://www.youtube.com/watch?v=zrszafggqc8

Dangerously close to your gold coin and toilet paper tricks, Max.
Youri Carma | November 25, 2009 at 9:02 am |

@Jim ODonnell @JJ Royal Canadian Mint Missing

This is a lot of BS the frauded the system by double counting their gold which all central bankers did also in the Netherlands for instance. Central bankers always lie about gold & Interest rates.

No it came out they call it a “mistake” the fraudulent central banksters. If a peasant makes a “mistake” he goes to jail but not these banksters.

@Mongo

Baltic Dry – don’t forget about this site: http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

@Mini US “German sense of humour”

What that supose to be? More pre-puberal infantile jokes about white under trousers and shit LOL
gb | November 25, 2009 at 8:58 am |

@Max&Stacy, in case you missed this

Britain’s new Internet law — as bad as everyone’s been saying, and worse. Much, much worse.
http://www.boingboing.net/2009/11/20/britains-new-interne.html
warburg sidney | November 25, 2009 at 8:57 am |

Max talking about hackers during the show….
It was as if he wanted to get into that global warming email story…
but he finally did not…..
why?
It is an interesting story that has many sides….
Such as ethics in science….
Scott from Oregon | November 25, 2009 at 8:55 am |

http://www.dailypaul.com/node/116021

Audit of Fed Bill attached to empowerment of Fed legislation…
Phil | November 25, 2009 at 8:48 am |

EU – An Open Conspiracy…

Home affairs are now the EU’s business

http://www.youtube.com/watch?v=38InlHzQUXA&feature=sub
Sam53 | November 25, 2009 at 8:41 am |

@stacy

‘light blue burka’

I can loan you my dark blue one if you split the bag of gold with me!
frances snoot | November 25, 2009 at 8:34 am |

Forgive me my imaginative bent. The act of enlarging the sdr basket could be imagined to be a square around the circle: the square representing a fence controlled by the IMF/BIS and the circle the sphere of the globe. The endgame is balance of the feminine (nature) with the masculine (man). The power over that basket is and will be godlike. Here is a picture of what I imagine:

http://arthistory.about.com/library/weekly/bl_leo_vitruvian_man.htm

The fences that divided man as individuated will be removed with the collapse of the fractional reserve system of currency. With man at center of a fenced currency system, the ideal of balance is thought by those in power to be attainable.

Death will be unavoidable outside the fence.
buddhabob | November 25, 2009 at 8:34 am |

http://www.huffingtonpost.com/2009/11/24/state-dinner-pictures-det_n_370024.html

While Rome is burning we get this bullsh..

What a joke. The ghetto outside is 2 blocks away for God’s sake.
frances snoot | November 25, 2009 at 8:25 am |

@Phil:
“BTW , our Chinese friends told us that rice is now far more expensive in China than in Germany !”

Interesting. The horse of the Apocalypse representing famine is set to ride when a man’s whole day’s work is rewarded with a handful of grain. Quite the backdrop to what we are soon to experience with the currency volitility.
Scott from Oregon | November 25, 2009 at 8:20 am |

http://subrealism.blogspot.com/2009/11/courting-convulsion.html

A little sobering Kunstler…
Phil | November 25, 2009 at 8:13 am |

Russia sparks Canadian dollar rally

Mr. Stannard sees further Canadian dollar gains in the short run as investors seek assets in commodity-based currencies. “I would expect it to remain well supported in the current environment, given that we’re seeing quite a high level of risk appetite, which is fuelling the rally.

http://www.theglobeandmail.com/report-on-business/russia-sparks-canadian-dollar-rally/article1376753/
Phil | November 25, 2009 at 8:11 am |

@frances … Is China dependent on imports to feed their billions?

If the US gets it’s way … yes !!

BTW , our Chinese friends told us that rice is now far more expensive in China than in Germany !
frances snoot | November 25, 2009 at 8:11 am |

I’m not worried about China: I’m curious how they will fit into the new G20 governing structure with a specific wonder as to what it means when the yuan gets to go cozy in the sdr basket with the dollar next year.
Phil | November 25, 2009 at 8:10 am |

Dan Hannan MEP …. MEPs refuse to criticise EU budget

http://www.youtube.com/watch?v=EIDz-nXWVL0&feature=sub
frances snoot | November 25, 2009 at 8:09 am |

It’s (not) funny how Governments always seem to get bigger and bigger until they finally hire everyone as soldiers for war !

Phil:
Is China dependent on imports to feed their billions?
Phil | November 25, 2009 at 8:07 am |

@frances … China

I wouldn’t worry about China too much …

All the technology for your hi-tech stuff has been produced in China + Taiwan since over 20 years.
They are a big importer of coal and iron ore from Brazil.
They rely on Iran for 30% of their oil.
They are doing big Gas deals with Russia.

I would worry about the prices of end-.products here in the west, rather than worry about what China’s doing.

BTW …. AFAIK, all – and I mean “ALL” your commodity PC motherboards come from China or Taiwan.
No other country manufacturers them .
Palantíri | November 25, 2009 at 7:59 am |

@Max and Stacy – on the subject of carry trade, what could the consequence be when big banks and hedge funds loaning cheep dollar and investing it in bonds to get those free 2-3% yield, are that a mother bobble or do they have an escape route to take if interest rate rises? Is that also a reason why banks uses so much influence on the government and fed to keep the status quo, just to milk the tax payers ever more as long as they can? and are the same thing going on in Europe (beside Britain)?
Danny | November 25, 2009 at 7:51 am |

yoyoyo.

What I miss??
frances snoot | November 25, 2009 at 7:47 am |

Do you have links for this item? So much out of China seems to be myth or legend. He said she said rumour says we think….or just blatant stereotyping according to the China meme.

“I guess China is taking no risks by accumulating Gold and other mineral resources as fast as they can.”
frances snoot | November 25, 2009 at 7:45 am |

“I guess China is taking no risks by accumulating Gold and other mineral resources as fast as they can.”

Do you have links for this item? So much out of China seems to be myth or legend. He said she said rumour says we think….or just blatant stereotyping according to the China meme.
Mike2liverpool | November 25, 2009 at 7:45 am |

America IS BUST!
http://www.thedailycrux.com/content/3455/Porter_Stansberry/eml
Mike
Mother Earth | November 25, 2009 at 7:45 am |

@ron ron

I read about a deal betrween de Beer and the russian diamond industry, the russians could drown the market, but they are being payed by de Beer not to (either do that or not have a market). So I would never trust diamonds as a long term store of wealth..
Phil | November 25, 2009 at 7:42 am |

@frances .. Do you think China will be distracted by internal chaos?

Probably not for long … remember, the Govt’s soldiers are NOT starving or jobless !
;-(

It’s (not) funny how Governments always seem to get bigger and bigger until they finally hire everyone as soldiers for war !
frances snoot | November 25, 2009 at 7:40 am |

Yes, Phil. That WOULD be nice. But not practical if China wishes to retain global trading partners who operate within the G20 political structure. Seeing as China is export driven, they must cooperate somewhat.

Do you think China will be distracted by internal chaos?
Phil | November 25, 2009 at 7:34 am |

@frances .. and on your SDRs ..

It would obviously be a nice idea ( also for China ), but can you trust those b*stards ? …. I say No !
I guess China is taking no risks by accumulating Gold and other mineral resources as fast as they can.
Phil | November 25, 2009 at 7:31 am |

@frances … I don’t think China desires to float the yuan. Do you?

If I was China ….

I would gather reliable ( those having real resources and/or expertize in their countries ) trading partners around me like Brazil, Russia, Taiwan, India, the rest of Asia and maybe even Australia and form a Safe Currency Zone — independent of the Western Financial System.
Any transactions between “them and us” would be either Barter or Gold.
In this way, they can insulate themselves from the corrupt financial system here in the West and probably build a new prosperous world – without us, and without war !
I think even the “new” Japan would like the idea !
frances snoot | November 25, 2009 at 7:16 am |

@Phil:
The divorce ties in with the dollar no longer the reserve currency and the US tasked to balance their books, right?

I don’t think China desires to float the yuan. Do you?
Phil | November 25, 2009 at 7:10 am |

Why the U.S., China are about to get divorced
… But the recession has already put a big dent in that model, and the return to triple-digit oil prices will soon bury it for good.

It’s not container ships heading across the Pacific to supply American Wal-Marts that have powered China’s world-leading economic recovery. Wal-Mart parking lots across the U.S. remain half deserted as the American consumer gets reacquainted with double-digit unemployment.

Rather, it’s shipments to China’s own thriving local economy and exports to its neighboring Asian trading partners that are driving China’s economic bus these days.

When China recognizes that its huge trade surplus with America is a rear-view mirror on a global economy that has since gone bust, it’s likely to take the shackles off its own carefully reined currency.

…
…
http://www.theglobeandmail.com/blogs/jeff-rubins-smaller-world/why-the-us-china-are-about-to-get-divorced/article1376627/?utm_source=pinchmehard&utm_medium=twitter
Mongo | November 25, 2009 at 6:44 am |

The COMEX will poo on itself
frances snoot | November 25, 2009 at 6:39 am |

Krugman has a good view from 2008:

http://krugman.blogs.nytimes.com/2008/03/28/runaway-health-care-costs-were-1/
frances snoot | November 25, 2009 at 6:36 am |

My answer: I haven’t the foggiest idea why.

Dante: I’m not taking side but health care is BIG business in the US. The health care system was based on the credit/securitization system of economy. IF the authorities would tell the people the truth, that our economy is moribund, then there would be no argument as to why we need to revamp the health care system.

It seems we live in the TwilightZone.
Dante | November 25, 2009 at 6:00 am |

Federal Reserve Endorses Communism for the Wealthy

There has been little or no clawback of the ill gotten gains from the people who caused the problem, but escaped with 100s of millions of dollars; there has been endless subsidies for the banks, but little hard-to-swallow medicine for the banking system.

My pet theory is that all of the anger about Health Care Reform is misdirected rage at the corrupt Bailouts. I don’t want to get too Continental on you, but the conversation in Europe I encountered repeatedly was the sheer perplexity at why people are protesting health care coverage for all. One fund manager said to me in Berlin, “You give trillions to rogue bankers, yet you have 40 million uninsured American. Why is that?”

My answer: I haven’t the foggiest idea why.

Let me be brutally frank: With George W. Bush AWOL during the crisis in 2008, it was Bernanke and Paulson who stepped into the void. But make no mistake about it — the chief architect of the massive bailouts was none other than former Goldman Sachs CEO and then Treasury Secretary Hank Paulson.

http://tinyurl.com/ylcby95
Phil | November 25, 2009 at 5:51 am |

Bloomberg : Bair Wants Secured Creditors to Pay in Bank Failures (Update1)
…
… It would require secured creditors, like repurchase agreement lenders and the Federal Home Loan Bank system, to bear losses of as much as 20 percent to cover the costs of a systemically significant bank failure….
…
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSYdRhHGdQPI&pos=7

LOL …. alwas finding new ways to rescue the Bankster Club !
ROTFLMAO !
Tjasa | November 25, 2009 at 5:38 am |

@Max&Stacy,

Hi!
When you say exhchanges having troubles… you Stacy corrected yourself and said forex exchanges. If and at what time do you see stock exchanges having troubles???? I own gold & silver stocks trading on. TO and .V exchanges.

How is this supposed to play out? Peter Schiff said that if an exchange goes down, it will be bailed out by the government. If the currency is worth nothing, how much are then the gold stocks worth. How is this supposed to play out???

Can anybody do some abstract thinking here???
NicAbbo77 | November 25, 2009 at 5:35 am |

@PINCHO GORDO

“What has to happen for the uk interest rate to go up ”

The discovery of free limitless energy and limitless supplies of all natural resource, water and food. Or a gold backed currency.
Mike2liverpool | November 25, 2009 at 5:27 am |

good show M+S thanks
Mike
Mongo | November 25, 2009 at 5:15 am |

Now fellahs… dont forget the baltic dry index.. turned negative again..

http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Mini US | November 25, 2009 at 5:06 am |

His name is Matthew Hoh, Ex Army Captain.

Video interview regarding war in Afganistan. Something for Obama to consider.

http://videocafe.crooksandliars.com/heather/matthew-hoh-there-no-winning-afghanistan

Do you think Obama/Army is putting him out there as his media whore(Hoh) doing media before Obama makes his decision re Afghanistan?
Seems a little strange being allowed to talk like this.
The Man from Glad | November 25, 2009 at 4:52 am |

@Steve Cone, ANOTHER WIENERMOBILE CRASH

http://firegeezer.com/2009/07/18/another-wienermobile-crash/
Mini US | November 25, 2009 at 4:48 am |

This guy resigned from US Military because he thought it was a dumb idea.
I am just watching him on a TV interview now.
He doesn’t seem to speak with Fork Tongue!

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/26/AR2009102603394.html

He appears on video too if you search his name.
The Man from Glad | November 25, 2009 at 4:48 am |

@ronron. Maybe Max can throw dollars at Berninger, and Deninger could burn them.
Steve Cone | November 25, 2009 at 4:43 am |

who ya gonna call?
Cap’n Crunch & Oscar Meyer Weiner whistles
(those were the days)

http://www.webcrunchers.com/crunch/Play/history/name.html
Mini US | November 25, 2009 at 4:38 am |

AUD just hit 93c again Vs USD.

We have a possible interest rate rise again in early December.
Our Reserve Bank see the economy going gangbusters, but we just seem to have mega asset bubbles. Is that the same thing

What will happen when USD carry trade winds up with AUD?
ronron | November 25, 2009 at 4:32 am |

@ max and stacey. would you consider dr. berninger as a guest. if so why. if not why.
Mini US | November 25, 2009 at 4:29 am |

Hahhahaha

Max,
“Uh, hoh, uh, uh…….I’m sorry.”

That was a Homer Simpson moment.
Good show folks.
Steve Cone | November 25, 2009 at 4:29 am |

Around 1971 a Vietnam vet named John Draper discovered that the giveaway whistle in Cap’n Crunch cereal boxes perfectly reproduced a 2600 Hertz tone. Simply blow the whistle into a telephone receiver to make free calls; thanks for using AT&T.
http://www.telephonetribute.com/phonephreaking.html
ronron | November 25, 2009 at 4:25 am |

@manfromglad. Berninger makes a lot of sense to me.
PINCHO GORDO | November 25, 2009 at 4:25 am |

regarding house prices in london :

Many people that i have spoken to are happy and content with the state of the uk economy as the monthly amount they are paying on their mortgage has gone down .

What has to happen for the uk interest rate to go up and will it ever go up over next 5 years ?

cheers
ronron | November 25, 2009 at 4:23 am |

last night on canadian television the diamond dealers announced a ounce in a lifetime deal on large high quality diamonds. get the hell out of diamonds now.
The Man from Glad | November 25, 2009 at 4:13 am |

@Mini US, The part about burning dollars on camera reminded me of Max.

@Stacy, A war against two nouns at once is un-winable.
Mongo | November 25, 2009 at 4:11 am |

“Big error behind missing gold at Royal canadian mint”

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20091124/mint_mystery_091124/20091124?hub=Canada

What a load of crap
Mini US | November 25, 2009 at 4:09 am |

Dr Berninger is great.

He lives in Spain and is trying to help people everywhere survive in the future.

He has very German sense of humour and is always happy and positive although his news is often bad.
The Man from Glad | November 25, 2009 at 4:04 am |

Last I read, the US has bases in 130, out of 175, countries. The closest thing to a global empire so far. If I remember correctly, it had bases in 13 countries before WWII. Maybe it could still afford 13 after decoupling.
The Man from Glad | November 25, 2009 at 4:01 am |

@ronron. Is he a good source, aside from having a German accent?
ronron | November 25, 2009 at 3:56 am |

@ manfromglad.DR. Berninger
The Man from Glad | November 25, 2009 at 3:53 am |

“Full blown dollar collapse scenario” — from somebody with a German accent.

http://www.youtube.com/watch?v=n5bCTfapdvI
Adam C | November 25, 2009 at 3:52 am |

Great 30min wake up call for those sheeple types.

YouTube — InflationUS: The Dollar Bubble
http://www.youtube.com/watch?v=eZA0qNsf4m0

13:12: “‘Cash 4 Clunkers’ was a Chinese program because China wouldn’t take US dollars for their exports; we had to send them a bunch of metal and steel for them to give any type of credit to the US. A lot of people don’t know that.”
ronron | November 25, 2009 at 3:52 am |

5:57 am ontario canada. can’t buy more gold till 9 am
aleix1979 | November 25, 2009 at 3:30 am |