Sweden didn’t (don’t) have a negative savings rate. The Riksbank have a negative deposit rate, for over night deposits by commercial banks. To “encourage” them to lend to each other instead. All savings accounts has of course positive interest rates. I have 1,15% at my Swedish bank.
Good show! The pimpin’ piece was Fuhunny and then Goyette with more truth. Un peu de serieux et rigolo en plus? Who could ask for more? Keep it up pimp daddy!
In 1998, the Port Authority approved plans to privatize the World Trade Center. In 2001, the Port Authority sought to lease the World Trade Center to a private entity. Bids for the lease came from Vornado Realty Trust, a joint bid between Brookfield Properties Corporation and Boston Properties, and a joint bid by Silverstein Properties and The Westfield Group.
By privatizing the World Trade Center, it would be added to the city’s tax rolls and provide funds for other Port Authority projects.
On February 15, 2001, the Port Authority announced that Vornado Trust Realty had won the lease for the World Trade Center, paying $3.25 billion for the 99-year lease. Vornado Realty outbid Silverstein by $600 million though Silverstein upped his offer to $3.22 billion.
However, Vornado insisted on last minute changes to the deal, including a shorter 39-year lease which the Port Authority considered nonnegotiable.
Vornado later withdrew and Silverstein’s bid for the lease to the World Trade Center was accepted on April 26, 2001, and closed on July 24, 2001.
============
Not to make too fine a point of it, but this sounds like a case of total corruption imploding in on itself. A 99 Year lease is totally daft anyway, unless the building is stone and mortar.
A 20 year lease would have at least have had some legal standing, but that is too uncorrupt an idea to even be considered.
I assume all the entities involved are hypercorrupt NYC entities, by defult.
=======
a) asbestos fire-proofing had deteriorated beyond repair
b) the WTC was losing Billions of $s per year
c) many floors were empty
d) all the FBI / CIA / NSA evidence for Enron & all the others was in building #7
=======
and all dependant and closely related and dependant subpages need to fully reflect this.
As far as the entity losing money, at some level I am not superized.
There was a 1975 fire in one building that did damage, but as far as the Asbestos being in bad shape — that is overblown. Anyone that understands NYC corrupt building construction practices would tell you that it was a miracle that the buildings stood at all. They were severely overdesigned to cope with the hypercorrupt NYC building practices.
The BBC pages around 2001 seemed to indicate not that many empty floors or spaces — but I suppose it is possible to lease less than a full floor. I suppose all the floor by floor records were burnt … if you know what I mean.
As far as Enron evidence, any and all New York State judges are open to bribery and familial nepotism — I don’t see evidence being or not being an issue when normal corruption could fix the problem much cheaper.
Important considerations, but if you fully account for how corrupt the US is and how there is no rule of law there — these are at best modest conspiracy theories that are unimaginative and intellectually low-balled by people telegraphing them in.
If you’ve read a lot of Joseph Campbell (a guy who relished human sacrifice) you’ll be somewhat oriented to what you’re about to “receive”. Otherwise, buckle your seatbelt and remember the writing is soft pedaled. There are some simple grammatical mistakes that you can figure out because they’re repetitive.
Print the lot out, get your yellow highlighter handy, and make brief notes on every page you read so you can remember the names and terminology.
Am so pleased you are interested in it. You won’t regret reading it, I promise. Quite the hoot!
Evo Morales made an interesting comment during his interview w/ Amy Goodman. He said that the Obama admin. has made comments on the new Bolivian constitution–comments specific to the management of Bolivia’s oil & gas sector. Morales understood the comments to mean that the Obama admin. wants those provisions in Bolivia’s constitution changed! He said that not even Bush took such an interest in their constitution or ever commented on it, and for that reason, he sees Obama as being worse than Bush!
(On constitutions, it seems like Obama’s technocrats are closely studying the constitutions of other countries. Obama made specific references to Afghanistan’s constitution after the “election” there; he made sure to point out that the election was fair and its outcome legitimate under the Afghan constitution. Of course it helps that Washington wrote the constitutions of Iraq and Afghanistan. But now it’s sounding like we have a special interest in the constitutions of oi/gas-rich countries. Could it be that Cheney’s prediction was right and that we’re on the cusp of hitting Peak Oil? [His prediction was 2010.])
Chavez is also in the news; he’s pissed at the Netherlands for allowing US bases there, and is worried that they’ll be used as a launch-point for military action against Venezuela. He claims that the US has sent sent intelligence agents, war ships and spy planes already.
@anything but — wow! That American-Buddha site looks absurdly interesting. Thnx. I know I tease “Buddhists” a lot, but only because it’s frivolous and transgressive
Mike, on currency, gold and silver…
“they” do what ever they want and only their final goal is clear: one world government. How they gone do it, we do not know, we are pretty much out there in the dark! We know their goal and all the rest is merely speculation….
Touche Gordo
Perhaps what’s really scary is how implausible it is that such a thing could happen in the “Shining city on the hill” or the “sceptred isle” …
Highly recommended reading. All bases are covered. It’s be interesting to find out the true bloodline of the God-King. He didn’t speak Tibetan until he was 6 years old.
anyone notice they’re doing this bogus climate meeting at the same time the insurance and government crooks are trying to ram down laws with this bullsheet give us your money medical bill thing to steal from the usa public.
contract law and property law eh?
sounds like we’d be left with just cops and lawyers
seems to me that’s pretty much the way it stands now
‘cept we have a symbolic legislative branch for show
there’s never a unitary executive around when you need one
The AGW Danish folks have told the world that in 2010 US pensions go bust, gold crashes, China flops, Bunds soar, predicts Saxo ; therefore, it’s not unlikely that in 2010 US pensions will not go bust, gold doesn’t crash’ china doesn’t flop, bond’s decline
@Dedo — (sigh).. yeah, labels, compartmentalization, (and language in general) is useful to build a conceptual framework. Having one word to stand for an idea is quite useful shorthand if you want to connect with other people on a common level. (And yes, sensai, I agree… conversely, language is useless and troublesome).
If/when you finish your DMT trip and want to talk about real-world stuff, rather than just “no it’s not, for the buddha tells me so”… as I say, I would be grateful to converse with you.
How can the Danish say to so-called ‘poor countries’: “Western countries will give you $100 billion of worthless Federal Reserve Notes to fight global warming”,
when ‘Western countries’ have to borrow from ‘poor countries’ like China to compell them not to develop their national right to develop industries????
Only Lyndon Larouche’s 4-Powers solution, by partnering with China, Russia, and India will work get us out of the global financial crises.
@Dan — I meant your english spelling? Were you asking me why I assumed you’re a farang?… i know less than a handful of thai phrases, so didn’t really understand..
@Tofu,…If I’ve got to explain to you the myriad of life and it’s consequences,..maybe I should be elevated to god status,..like you!,..: )
There are many , many variables to the order of chaos,..maybe you should step back slightly and learn more!
@Tofu…Why Anarcho-capitalism naturally….the only thing you need is Property rites and contract enforcment…..Note…If said was brought about there would need to be an adjustment period to ween off the so called Pimps from the govt. Teat.
@dan and Tofu,……I could personally run a more sound society with the limited knowledge I have at my disposal,..so I know the problems are “manufactured” justly to suit,..
So all this rhetoric is just that!,..”To Suit”,..made to measure,..you know this ,.of course?
@dedo.. agreed. I long stopped prefacing all my written comments with “In My Opinion”, but I hope the implication is still there, and assert my right to be opinionated.
Any actual thoughts on methane release being left out of the climate debate?
@Tofu,..what if you try and live your life the best you can without interference from others who think they know best,.(for themselves) huh!
I know you may think you know what’s best for all,..with your limited knowledge,.but I’d beg to differ, somewhat.
A managed society is a good thing,..and also a bad thing,..dependent on the managers,..: )
* The notional amount, … used as a reference to calculate cash flows under individual contracts, … Gross market value is defined as the sum (in absolute terms) of … contracts … also measures the replacement cost of all outstanding contracts had they been settled in the reporting period.
This was something Geithner talked about back in 2006 at the New York Fed, the figures he uses indicate these markets more than doubled in size between then the peak in June 2008 ($683 tn):
Dec 4, 2009
DERIVATIVE MARKET REFORM, Part 2 The courageous Brooksley Born
By Henry CK Liu
…Treasury Secretary Timothy Geithner … warned in a speech, “Risk Management Challenges in the US Financial System”, … on February 28, 2006 – 17 months before the credit crisis that broke out in July 2007 – that the scale of the over-the-counter derivatives markets was dangerously large.
“Although the notional total value of these contracts, now approaching $300 trillion, is not a particularly useful measure of the underlying economic exposure at stake, the size of gross exposures and the extraordinarily large number of contracts suggest the scale of the unwinding challenge the market would confront in the event of the exit of a major counterparty. The process of closing out those positions and replacing them could add stress to markets and possibly intensify the direct damage caused by exposure to the exiting institution,” Geithner said.
Geithner observed that credit derivatives, where the gaps in the infrastructure and risk management systems were most conspicuous, were less than 10% of the total OTC derivatives universe, but were growing rapidly. Large notional values were written on a much smaller base of underlying debt issuance. The same names showed up in multiple types of positions – singles-name, index and structured products. These created the potential for squeezes in cash markets and greater volatility across instruments in the event of a default, magnifying the risk of adverse market dynamics.
That was the speech that drew Roubini’s attention to the potential for a credit crunch. Roubini used to work for Geithner in the Clinton administration.
There are also the exchange traded derivatives, a more transparent corner of the market. Only a small fraction of the whole market, but growing.
Futures: $19,690.6 bn in June (when the OTC figure date from) $21,218.5 bn in September.
Options: $43,758.2 bn in June, now $48,274.1 bn.
The distinction is important:
The Obama administration has been trying to impose regulation on the OTC derivatives market. … proposing a bill that would establish an exchange on which derivatives, like stocks and bonds, could be traded. But the question is transparency, without which there will exist a huge information gap between the sellers and buyers of derivatives, making it impossible for regulators to gauge the level of systemic risk.
Yet the five biggest US banking institutions depend on that very information gap to create profit. Of the $291 trillion in notional value of all derivative contracts held by US institutions, 95% is held by the big five: JP Morgan Chase, Bank of America, Goldman Sachs, Morgan Stanley and Citigroup. In the first six months of 2009, in the midst of a deep recession, these banks made more than $15 billion trading derivatives. Transparency provided by trading in an exchange would eliminate much of the information advantages now enjoyed by the big five …
On September 28, 2009, the Office of the Comptroller of the Currency report on banks derivatives trading activities showed that the estimated value of all derivatives held by US commercial banks was rising, increasing nearly 1% over the last quarter and 12% year to year, to $203.5 trillion (total includes interest rate, foreign exchange, credit and other derivatives).
… Banks exposure to derivatives, while falling slightly, remains alarmingly high. Bank of America’s total derivatives-related credit exposure relative to its capital was 137%; Citibank 209% and Goldman Sachs 921%.
Trading credit derivatives is once again highly profitable. After seeing huge losses on these instruments toward the end of 2008 and into first quarter of 2009, banks generated $1.9 billion in cash and derivative revenue in the second quarter of 2009. … As banks find it difficult to find creditworthy borrowers, they are using their funds to trade derivatives to drive profits. This new asset bubble, built by Fed funny money, unlike previous ones does not even bother to create an illusion of prosperity or full employment.
It’s a swarm of state-supported vampire squid (with Goldman Sachs leading the way), sucking as much wealth out of the global economy as they can, for as long as they’re allowed to.
Given the incoherence of the political reaction to all the bailouts, guarantees, QE & ZIRP, that’s likely to be for quite some time.
@Dedo — here’s a “what if” for ya… what if we’re already in the middle of an unstoppable methane release / positive feedback loop…? What if the IPCC leaves methane hydrates (thawing permafrost etc) out of their projections… oh.. they do.
Was thinking that it’s not really fair of the US to try to strongarm China on emissions and “transparent reporting” of their progress in curbing emissions considering that probably half of China’s emissions is from manufacturing that we’ve exported to China. It’s our outsourced pollution!
@ Mother Earth – Wherever you are, tell the people of the poorer countries to stand strong and resist our BS.
I just had a thought concerning climate change,.what if, and this is just an if,..the PTB have the resources to alter climate etc,..now wouldn’t that be a trick?
(It’s good to be a God)
@fib,…all the rubbish you read on forums is no discernment of absolution!
Max is quite good at giving you the machinations of the machine,..but it’s up to you to decide when it reacts, etc etc..
Try not to follow the crowd!
@All…this is the kind of half ass stuff that we can no onger tolerate………..”Al Gore’s office admitted that the percentage he quoted in his speech was from an old, ballpark figure”
Why don’t you answer OP’s query about derivatives? Don’t forget to cite the one source available for the data: the BIS bank.
Why don’t I…do what you say?
I’d written the reply above already, was relating that to Marx (Capital Vol III, Ch 29-30), then happened to be chatting to someone who [...] well, let’s just say there are a few things that take priority over proving a point on the internet.
Notional amounts outstanding: $604,622 bn ($604 tn)
Gross market values: $25,372 bn (4% of notional, down from $32,244 bn in Dec 2008)
Gross Credit Exposure: $3,744 bn or $3.7 tn (15% of gross values, 0.6% of notional values, down from $4,555 bn in Dec 2008)
The detailed statistics (next page)…show the swaps business in Euros ($123,812 bn) is slightly bigger than in dollars ($114,772 bn). The Yen is $54,079 bn and Sterling is $25,414 bn.
As seen from the Alabama case against JP Morgan, rate swaps are of dubious value at the best of times (huge fees vs marginal savings), but they’re a nightmare in bad times (this variable rate may explode). … Unless you’re dealing them and can hedge *both* ways, then they literally hoover up all the money. Sooner or later I suspect almost everyone in the market gets their pockets emptied, except the bankers who deal them (unless they’re complete lunatics…hmmm).
Good point about 911 is that all the steel beams in the building were coated with Asbestos pulp which was sprayed on it. But even without the steel building would have never have collapsed if it wasn’t for the Thermate and other explosives.
The building collapsed at free fall speed mind you! So if you had thrown a billiard ball from the building at exactly the moment of collapse of the buildings it would have touched the ground at the same time the building did. Only possible if you add a lot of energy. Weeks after the Twin Towers had collapsed pools of molten metal where detected by NASA with their heat spotting satellites from space.
@ Dedo
Do you see them buying nice and slow again…. ?
I like how these new guys on here come and go.. some are interesting this time,,,,, you wonder how many people read and dont comment
sorry @Mike cheer up though !!!!:-) you know your one of the best on here even if you do moan alot lol you make me laugh…
@ frances – Alright. Didn’t know what was happening there. Yes, Mep is cute. I didn’t know that Mep is supposed to be a squirrel. Here is the last holiday greetings cartoon that Mep took part in. LOL!
@ Tofu Charlie or @ Gordo . . . whichever of you posted a link to that 60 minutes segment about cyberwar and hacking; have you seen the news that insurgents in Iraq have figured out how to hack into US drones at a low low cost of $26? Check it.
Do what you need to do, think for yourself and stop blaming Max for your judgements… are you acting a role for the gov? b No I refuse to get rude with you Mike!!! but its hard…
Personally in my opinion
I could not give a stuff…..nothing has changed… down today up tomorrow so what..who cares..
All it shows for me is how unbelievably manipulated everything is..
Its awesome how manipulated things are,, there really is nothing free about the market its just ??????well, you fill it in…
wow eeeeee Im on the right side of the fence la la la la la
@Dedo:
Yes, and raw intellect relies only upon a sure and steady nature: one of pure intent. Words belie the true nature of the soul: are we all made of good material? Could meaness of spirit hinder intellect: is intellect a conduit or a mask?
You cant take much stock in anything, just try and understand what really going on..
The “Kings” like to buy there gold cheap with your money, every little helps.
I dont think the “Kings”Like to carry anyone at $3-4-5-8 000 per ounce they will buy it cheap first. Then con make it hard, illegal sometimes if it fits there purpose and even in the end buy it for a fortune of paper, does not really matter the figure its paper and its just someone else’s bank account of savings thats effected.
In the end they will achieve there aim and have it all…
Max has more direct experience, but do feed my ego anyway. Muuuaaaa.
1. Can ‘they’ use it as money (aka debt = money).
A. To my mind debt is anti-money (or unmoney) which wipes money out. Derivatives are more complex financial assets and/or liabilities. However, they can be used as capital (depending on their rating), and also to upgrade risky capital, making it eligible to be counted as Tier 1 banking capital, which banks can lend against.
2. If its debt when does it have to be repaid?
A. Most are continuous streams of payments. Divided into ‘tranches’ of different risks & rewards. The risk having been mis-priced by ratings agencies who were drafted into the process of structuring the derivatives by the banks who manufactured them.
3. If they can use it then doesn’t this enable ‘them’ to manipulate any market that they please?
A. Certainly they can be used to manipulate markets, especially when traded outside public exchanges, thus denying other market participants full price discovery and market data. This allows the major participants to gain an information edge, and greater access the full market.
4.If its not real money and is artificial (like all of us) then doesn’t this equate to an amount of (x10) 6 quadrillion in potential paper gold?
A. That’s probably a gross value/liability, a much smaller amount if netted out, but still a lot and no-one can be quite sure who might get caught in the net. This was the underlying concern about the Lehman bust, would it take down others? The fear alone nearly took down all the western banks and brought the global financial system to a halt (on the verge of collapse in the IMFs estimation).
@ Phil and Mike/ Liverpool…. sore your post earlier. Some of the problems related to this stuff… more people may die 911 due to exposure than from that whole criminal act. The steel used to construct the building was coated with the stuff apparently to protect the building in fires so it could not collapse, see the man in the suit.
@Y’All
and soon mummy did return…. and the children took there place between her legs and they were kept warm… and they laughed about the townspeople… and mummy sang the old songs!!!
@Frances,….Don’t be daft,.I couldn’t meet your challenge concerning etymology,..it’s evident you have studied most avenues of communication regarding this construct.
There you go again,..bolstering your testosterone,..tut! : )
I’d go for intellect though,…I’d kick your ass there,.yeah, me kingo bingo mango,..
naomi
obama has already declared an emergency for swine flu
no one raised an eyebrow, had it been bush on the other hand..
the shadow govt. has been growing in stages since 1947, officially. Oklahoma city, 9/11, gulf of tonkin, lusitania, maine etc
each time it is cranked up a notch, both in spectacle and in the amount of power transfered
Both of you are telling it like it is, how grim and corrupt our government and institutions have become.
It just takes your breath away to read your comments.
People need to start their own groups of support. I mean real support. Catherine Austin Fitts makes that point in her newsletter. The “family” has been the bastion of wealth and support throughout history.
This cycle of corruption is grinding to a halt. States are bankrupt, people are bankrupt. As the senario of defaluation comes to the complete end, I fear that the houses that people own or had an equity of 200k, will be wiped out and the GOVERNMENT WILL COME AFTER THE GOLD people have. The patriot act underlines that very idea. “Under a state of emergency, the government can take real estate and gold…”In an Emergency”
A propos your advice/comments in the previous link, yup, I agree about not being able to know stuff. (I believe myself to be completely and hopelessly in the dark, and don’t mean to pontificate–honest, Dedo.) Am just trying to share the results of my gleanings. We can know what’s going on to the extent that a slave working in a gold mine in ancient times would know about how the uberlords control the globe. Probably the average slave, even on a nutrient-deficient diet, would have better thinking skills than I’ll ever develop.
But even with reasonable thinking skills, we have no hope of ever finding out what’s going on, because the information is hidden. Even the higher-level secret societies of the root stock bloodlines are kept in the dark and separate, on 365 (366?) positions of a circle, and I suspect only a few characters at the center have the keys to the picture… the codes, perhaps.
I don’t believe I’ve “woken up” if that’s the issue. That would be impossible. When folks here talk about being awake, I whince.
Posting links without much commentary seems to set Stacy off. She claims I’m a spammer. Slowly I’ve developed into a chatterer. Yeah, it’s all Stacy’s fault. I was perfect at the start.
@Mep:
I was referring to your avatar, of course: would never knowingly marginalize your true person! Mep is cute. (mep mep mep) Excuse my conduct if it was rude.
Result of Obama’s military bases in Colombia: FARC and ELN agree to unite. United leftist forces will now jointly battle right-wing Colombian armed forces propped up with US aid and narco-funds. (Wayne Madson) http://news.bbc.co.uk/2/hi/americas/8417595.stm
i know this is six monthes old but, boy these fellows need some new material, must be a writters strike, cuz this script has been around the tarmac a few times
page 66 under “the question of a provocation”
For purposes of this analytic exercise, we assume
that a U.S. invasion of Iran is not triggered
by an overt, incontrovertible, and unforgivable
act of aggression—something on the order of an
Iranian-backed 9/11, in which the planes bore
Iranian markings and Tehran boasted about its
sponsorship. First, this seems exceptionally unlikely
given Iran’s history of avoiding such acts, at
least since the end of the Iran-Iraq War. Second,
were that ever to happen, the circumstances of an
invasion would become almost easy—the United
States would suddenly have enormous domestic
and (perhaps grudging) international support for
undertaking an invasion. Indeed, the entire question
of “options” would become irrelevant at that
point: what American president could refrain
from an invasion after the Iranians had just killed
several thousand American civilians in an attack
in the United States itself?
Beyond such a blatant act of inexcusable aggression,
the question of provocation gets murky. Most
European, Asian, and Middle Eastern publics are
dead set against any American military action
against Iran derived from the current differences
between Iran and the international community—
let alone Iran and the United States. Other than a
Tehran-sponsored 9/11, it is hard to imagine what
would change their minds. For many democracies
and some fragile autocracies to which Washington
would be looking for support, this public antipathy
is likely to prove decisive.
merry x-mas
@Phil@Mike re: problems at WTC … this is the biggest conundrum of them all — WTC 7 which wasn’t hit, and here’s the new owner of the WTC that Phil mentioned talking about how he and the Fire Dept. decided to “pull” the building. http://www.youtube.com/watch?v=7WYdAJQV100
Oh .. and I forgot to mention that the WTC was sold to some guy 3 months before 9-11.
IIRC he got ca. 9 Bio$ from the insurance after going to court to get 2 x the insurance damages for having “two hits” on the WTC.
a) asbestos fire-proofing had deteriorated beyond repair
b) the WTC was losing Billions of $s per year
c) many floors were empty
d) all the FBI/CIA/NSA evidence for Enron & all the others was in building #7
So there were at least 4 good reasons for the controlled demolition … not to mention the false flag to get the patriot act installed.
if weimar is the scenario, who will be our next henry ford/prescot bush?
seems china has been bankrolling our wars post-nam and it has been paying off well for them, but they won’t need us forever
Hi, I was tongue in cheeking Max & Stacy, since they’ve formerly swooned for My Man. It was pretty obvious we were getting a typical Chicago Politician, and I’m from Buffalo.
The thing I think is a trip is that they both have FAITH in AGW when the globe has been cooling for 9 years, both the antartic and arctic are increasing Ice mass (see CryosphereToday.org), but that’s just icing on the cake….
The $ is up again, and I know Max respects Pretcher. So I’d be interested to hear Max’s explanation of the toilet paper routine. I’m wondering if its going to be like Weimar. First deflation, then hyper.
Why are you guys picking on my man ‘Bama? You voted for him….. Even though, as a senator, he voted to renew the Patriot Act. How come you didn’t realize what you were getting?
And BTW,.I wish you folk would stop moaning about what is wrong,.and make it right,..it’s not hard, just a slight change in perception, and hey presto! new frontiers beget old tradition,..
@Dedo:
Mep IS cute. Cute as a button! Cute as a kitten! I should think I only explained where the pool of estrogen was, is, and evermore shall be, seeing as mine seems to have evaporated. Thought you might like pool if you eschew billiards.
@Ronron:
Thanks for the advice. I’ll file it with my other important paperwork under my bed with the dusty bunnies.
norcalkid
there are ponzillions of us in your plight
i’m sure you feel alone, you’re not
what we must do is coordinate ‘operation stop’
before the man does
so far we’re way behind the 8ball
but the man realizes that trauma has a tendency to create the very bonds between people that he is trying so hard to destroy, they must be very careful about the next stage
people are organizing their own saftey nets
just like the black panthers, hezbolla, and the branch davidians
heck even the sunis and shia in iraq have set aside their 1000 year old quarrel, momentarily, to form a common defense,
patrick henry didn’t have the internet, what it takes is for enough people to realize they’ve been had, and still have the fight left to do something about it, i still get the feeling most people just want things to go back to normal, this tells me we have a long way to go down a very dark road, in the mean time keep making noise, it is our civic duty
My late husband, a physician was driven out of business the same way. The insurance company just stopped paying and he, thinking it had to be a temporary problem, used all his savings to keep paying his employees and keep the office operating. Finally, exhausted he succumbed to a chronic illness and we couldn’t afford his medical care. Of course their was no money, time or energy to pay for a lawyer to sue, not that it would have helped…they owed us over a million dollars! Well, I’m sure they were able to show their share holders a big profit, my one comfort is that there’s a place in Hell for them…
@Frances,….Mep’s cute,.she knows what she knows,…it’s cute,…unlike some (The guy who stepped in for Max) hmm,.I do hate pretentious indignation, (or was it?)
Anyway,..fancy an arm wrestle?
@ norcalkikd
never apologize for you feelings
expressing them as you did is why we are here, in every sense
your anger is justified, you have been robbed and don’t like it
no one does
this forum is what i believe jefferson and george mason had in mind when they discussed paticipatory democracy, as opposed to madison (old money) and hamilton (new money) modeling the senate after the house of lords in england,so as to protect their property from democratic forces
On the safety net, of course there will always be a bunch of people “gaming the system” in any way that they can. But to suggest that there is more incentive to rely on various welfare programs than to work is, IMO, laughable. All of the application procedures for benefits amount to humiliating forensic analyses of everything that a person owns, of bank accounts, of utilities and heating expenditures, etc. Unemployment benefits are a fraction of what people used to earn. The criteria for collecting food stamps is actually such that people who need them can’t get access to them, because they are not quite poor enough according to the criteria (which was established in the 1930s). And access to some benefits does not necessarily mean access to others. My sister, for example, was receiving food stamps when her husband was away in Afghanistan and she could not work b/c she needed to take care of her kids. (She did work for a while, but it made financial matters worse since day care was so expensive.) She almost had her heat cut off last Christmas b/c she not afford the bills. She tried to apply for home heating assistance and was denied. In order to keep her from losing heat in the dead of winter, I had to give her a couple thousand dollars from my student loans.
Norcalkid’s point is also important: there are currently 6x as many people looking for employment as there are available jobs.
It’s an appealing story, but unlikely to be true. It’s far more likely that the ‘threat’ was concocted simply to provide a *national security* interest to use as a pretext, to breach its obligations under an OECD anti-corruption treaty and shut down the Serious Fraud Office investigation into bribes being paid to both Saudi and British politicians involved in the Al-Yamamah arms deal by British Aerospace.
[Hello Mark Thatcher, where'd your sudden unearned wealth come from? ]
The SFO have revived their investigation, there was also a US shareholder case (we want that money!), and a Dept of Justice investigation into the deal (how to nail BAe for stealing such sweet deal from the US military-industrial complex?)
US reports allege that because the deal was paid for in oil, after BAe got paid, the rest (>$100bn) went offshore invested in Cayman hedge funds and Swiss bank accounts. Also that the Swiss handed over relevant information to the US DoJ in their recent capitulation to the US demands for access to their banking information.
The Bandar ‘threat’ is a legal fiction concocted in the context of Downing St looking for legal loophole to shut down that SFO investigation. There’s no substantial evidence that an actual threat was made, no testimony from Blair, nor any action taken to deal with the alleged threat.
There was a full state Saudi visit to the UK last year, so apparently no bad feelings. Bandar himself visited in April 2009 and was welcome to stay at Buckingham Palace. Should anyone believe he threatened to allow suicide bombers to hit the UK? Or rather, he threatened to pull the plug on the deal if UK or US investigations put a stop to his cut of the deal?
The Guardian, Saturday February 16 2008 Britain powerless in face of Saudi threats, court told
Judges sceptical about efforts to resist pressure
BAE review told ministers entitled to ignore treaty
David Leigh and Rob Evans
“…Asked if that meant nothing could be done to resist this kind of threat “from a powerful foreign state”, Sales replied: “Correct – we cannot compel Saudi Arabia to adopt a different stance.”
Moses said it was “curious” that ministers were not allowed constitutionally to interfere in criminal investigations, but “there was nothing that could be done” when it was Saudi Arabia.
This meant, he said, that the decision to terminate the inquiry was “out of the control” of the British government.
Sales said the government was entitled to ignore an OECD anti-corruption treaty when Britain’s security was in jeopardy. Moses responded : “It is no good just waving the flag of national security. If (its use) is so wide, it undermines the treaty.” Any government could stop bribery prosecutions on the grounds of national security, Sullivan added. He asked if that “drove a coach and horses through the treaty.”
The investigation was stopped after Tony Blair, then prime minister, intervened following sustained lobbying by the Saudis and BAE, who wanted to preserve a lucrative arms contract. In a long, “exceptional” letter to his attorney-general Lord Goldsmith, Blair said he was concerned, among other things, about this contract to sell Typhoon warplanes.
Governments signed up to the OECD treaty are forbidden from stopping investigations for commercial reasons. …”
Like the taxi-driver story to cover the 45 minute WMD threat, the most effective disinformation needs to be appealing enough to be embraced by those it’s aimed at.
@norcalkid -
No apologies are needed. I share your financial situation because many of my friends are board-certified physicians who have had to declare bankruptcy and close their successful offices.
Their offices treated THOUSANDS of patients and yet they were never paid by the insurers. Between the dozens of doctors I personally know, the totals of unpaid insurance claims are over $250,000 per doctor. So, you’re talking about $3 million to $6 million of unpaid insurance carrier responsiblities.
When the medical group goes belly-up, the insurer gets to keep their money.
Moreover, there is a 3-way party between the bankruptcy courts, attorneys, and trustees. These people pass cases between each other and collect the money out of the bankrupt companies. So, the insurer never pays the medical group/doctors office. Then the group declares bankrupcty (see MedPartners and many other groups in the last 10 years). Then, notice that when the insurer payments finally arrive, it goes to the lawyers, court, and trustee. It never gets to the nurses or doctors who actually did the work!
The Medi-Cal system is extremely corrupt. There are no checks and balances on the contracts being written by State of California. Local Law Enforcement Offices are not writing reports, so the crime goes uninvestigated. When we investigated why the crimes were not being reviewed, the information we obtained said that the Bush Administration defunded the FBI’s financial crimes unit during the War on Terror.
Instead of prosecuting these Financial Terrorists, the Bush Administration dismantled the investigatory apparatus. This is not being reported in the MSM, but can be voiced here on this blog.
Then, we found that the federal attorneys in the Department of Justice who would have been working with prosecutors on these frauds and economic crimes were the very attorneys who were FIRED by Bush DOJ Atty Gen Alberto Gonzales.
When Max is talking about the drug money flowing into those banks, you can thank the Bush Admin/DOJ for setting up the apparatus to get that money “capitalized”.
The access to care for people enrolled in the Medi-Cal program is controlled by non-medical brokers who are largely unregulated, lasso huge amounts of tax payer dollars in their private corporations, and then abscond the money to off-shore banks in the Caymans and other places for tax cheats.
The irony is that as MSM is finally starting to report on the absence of physicians in large areas of the United States, the fact that the physicians can not economically survive due to the fraud in the mediCal system goes largely ignored.
Sorry for sounding angry. I did my best, tried my hardest, and received nothing for my efforts. Then I was left penniless. If I didn’t have a financially supportive family, I would now be living under a bridge somewhere, or a suicide statistic. This is how the US treats its family caregivers. There is no safety net for adults under 65, without children in the home.
all tryannies keep the masses on the dole, we saw this when we took over iraq’s budget, saddam had nearly everyone on stipend, how eles to keep them down,
the saudis do the same thing, so due russia and china, the uk et. al.
besides, independence scares the holy crap out of royals and statists alike
of course i’ve always been a little on the anarcho- regicidal side of the debate(?) myself.
@California Doctor: Of course there is no incentive to work, why would anyone want to slave away for WalMart or other Big Box store, come home exhausted and still not be able to afford to eat? Or have medical coverage? Been there, did that and figured out it was all a scam- had a job but it had no benefits. If I got sick, I didn’t get paid, and I was also caring for my late husband, who had incredible medical expenses.
California’s County Medical Services Program (which we had to use, and I am still on) has a maximum income/asset allowance of $600 per month/$2000 total cash assets for a single person ($943/$3000 for couples). Anything above that gets paid out as share of cost. If one makes more than that and has continuous monthly medical bills or medicines, it means one is allowed to keep only $600/month (or $934) to live on. The whole system is just absurd. We were middle class. No more, and probably never again.
Also, incentive to work implies there are jobs. There are no jobs, and no one is hiring, so the social services are a stop-gap. I expect there will be lots more homeless families in the near future as their parents loose unemployment benefits. Food stamps and medical care only go so far, especially if you have no place to cook or stay healthy.
War is peace – peace is war – the biggest war maker in the world must therefore be the biggest peace maker so naturally Obama gets the prize – common sense…*sigh*
Stacy Herbert and Max Keiser, I do enjoy your comments, in fact so much so that I notice I risk becoming addicted to your shows! It’s interesting to watch how the serious moral implications of the stuff you’re commenting on seems to bug you down a little bit. Being the messager isn’t always easy.
I think you’re doing a great job saving my day, so take care and keep it up!
Here’s a little something from glaciernine at Investor Village …
…. All quite true but a “truth” moment is indeed coming. Was in a junk shop today and saw many silver dollars, garden variety cartwheels not even BU. They were asking $37 apiece. Now Christmas desperados notwithstanding what’s happening is that dollars are buying fewer of everything ( except foreclosed teardowns, SUV jalopies & used Donzies). The secret, stellar hope of a way over-extended US govt. and world “dark pool” types is that dollars, in effect, default on their “value” thus enabling way over-extended govts. (states & fedl.) & banks to actually “pay” off their debts in worthless “money”. Its a debt default via a proxy dollar default. Then start afresh with a “new” currency exchange medium and pump the hell out of IT. But alas, while it sort of works in a Caribbean banana repub. (where there are plenty of bananas hanging off the trees for the “common folk” to eat), it won’t work with the “reserve currency” of the whole world. The “shock of the new” this time around won’t be the same old bilderbergers. It’ll likely be a league of golden pandas, dinars, silver(believe it or not, Mexico) and demand warehouse receipts. The fractional boys have fractionated themselves right out of the picture. When it happens it’ll be, as always, SWIFT. So do not forget Gresham’s Law & if you have, LOOK IT UP. Its important as to why we’all are here at-all. Best g-9….
The thing I can’t get my head around is the significance of the .6 Quadrillion derivative market I have these questions:
1. Can ‘they’ use it as money (aka debt = money).
2. If its debt when does it have to be repaid?
3. If they can use it then doesn’t this enable ‘them’ to manipulate any market that they please?
4.If its not real money and is artificial (like all of us) then doesn’t this equate to an amount of (x10) 6 quadrillion in potential paper gold?
I struggle with this concept, I’m sure you more brilliant people will help (you know like Harry)
The food stamp discussion is a good data point to compare and contrast to the fictittious employment data and the CPI data.
The other comparator is the number of people on Medcare/Medicaid. Each state handles their own medical coverage for lower income people. Therefore, you can not compare between states because each state is different.
But, it is obvious that a family on food stamps tends to also be a family on Medi-Cal.
There is no incentive on California citizens to work because they have food stamps, free medical care (Medi-Cal), and unemployment payments happening simultaneously.
This is why the state government debts are actually more important than the US federal debt. The state debts are reaching a point where some states are running out of cash.
most west point graduates are not enlisting in the military
food stamps aren’t gonna cut it for these movers and shakers, most go into big business,
with those great execuetive skills and all
yep, they sure school ‘em up on how to execute things
military on food stamps
soldiers, inmates, and whores baby!
US soldiers often have to pay for their travel expenses from base to home and back again when they return from duty
that’s stop loss for you
wait, stop loss?!?, i thought we were winning?
It looks like the USD is not playing nice and crashing like it is supposed to. Interseting times we are in. If Celente’s 9/11 prediction is right, who can we blame. Osama bin Hidin’? That one is old. If divide and conquer is the way then it will probably be a “homegrown” just to get eveyone suspicious of their neighbour. GLTUA
@Bonn,..I hate to break it to ya buddy,..but snoots a chick!
: ) ,..Okay, I’ll correct that,…Snoots a chick who thinks she’s a guy! (lots of testosterone goin’ on)
There is a profound lack of names for a lot of the larger numbers, for hyperinflating currencies (beyond the Zim Dollar limit) this can be a huge problem, so here are a few suggested names :
The word cloud has me wondering what my own would look like.
Software that tracked a person’s typing on their pc and then created word clouds like that upon request would be awesome. Knowing how our word clouds change over time or when we’re sick, happy, anxious, would be interesting.
Max’s biggest word would be… GOLD! Or maybe Stacy. Or the.
OOOOOOOOOOOOooooooooooooo hhhh
I forgot to tell ya guys me had a chance to work with the Israle’s I said nope
But they here too
god knows why and BC they wanted to pay me 200$ a month I asked what the f@#k for
hmm errr not unless u join us can we explain
I said “Fuck You”
Personally, I don’t believe that all sovereign currencies will be universally hated by the time this crisis is over — it will probably run for 25 to 35 years … as long as a nation state is viable it will (if it is big enough) have some kind of viable currency. However, this is subject to sovereign default — gold or silver or fiat status notwithstanding.
Some ‘fiat’ currencies are less fiat than other currencies, with the Rand and CHF at the top of list for being less fiat.
Some colonial currencies (NZD, AUD, CAD) are tolerably OK, but with flaws — subject to becoming more like the Rand at least.
At the other end you have the Euro, USD and Icelandic Krone — failing or failed currencies from reasonably stable nations.
At the bottom of the heap is the poor, and truly extinct Zim Dollar…
Obama openly talks about the USA being on the path to being bankrupt
1 month Treasuries yield 0.01%
the government can default on that already with no interest for a month!
@ Alister – beware of any astrophysicists who claims to be eminent when the mention ‘universe’ with respect to space-time.
The current theory is that our ‘universe’ is but one in the multiverse. Just as there are billions of stars in our galaxy and billions of galaxies in our space-time, there are billions of universes.
Also seems to me that the physicists have now determined that there at least 11 dimensions to space (space is probably not the proper term but it is the only way I can describe it.)
Reality has mystery and beauty beyond what any of us can comprehend. Maybe there is an alternate reality somewhere that is govern by sane people, with honest people managing the financial sector!
Wow man! That’s heavy. Now I have to go smoke a big doobie and ponder life!
Gerald Celente says that his 2010 trend forecast includes a terror attack of levels equal to or exceeding 9/11, with the use of weapons of mass destruction.
He says that this will lead to another financial system collapse, including closure of banks, all blamed on terrorists. When banks reopen the dollar will be de-valued.
Oh and this will eventually lead to WW3. How could I forget that?
Listen to this audio here:
I think therefore I thought – but, does time in reality exist? If the universe is Not expanding — which some eminent astrophysicists argue — then pure logic tells us that time cannot exist – and thus past & future language tenses are rendered irrelevant in the face of infinity; in which case one simply thinks.
@Giuseppe Bagodonutti
Sweden didn’t (don’t) have a negative savings rate. The Riksbank have a negative deposit rate, for over night deposits by commercial banks. To “encourage” them to lend to each other instead. All savings accounts has of course positive interest rates. I have 1,15% at my Swedish bank.
Oh yeah those word clouds, did thievin’ lying bastards turn up as often as war mongering scumbags.
max and stacy,
best opener yet, YO!
Good show! The pimpin’ piece was Fuhunny and then Goyette with more truth. Un peu de serieux et rigolo en plus? Who could ask for more? Keep it up pimp daddy!
Glenn Beck is a Cancer on America
http://www.msnbc.msn.com/id/3036677/#34423513
Pimp my war, top rankin’ Max and Stacy.
Glenn Beck mocks gold controversy
http://www.politico.com/news/stories/1209/30755.html
@Dan V — Waco, Thailand — lol! Careful, I might take you up on that offer
@ Bill – y waste time considering the events of Sep 11 2001 now? It’s all now irrelevant I’m sorry to say
The Ron Paul 2008 Video Diary …
http://www.youtube.com/watch?v=QfnmwQUaUcE&feature=player_embedded
@TC well the north be where am a fixen to move da family and start dirt farmin…open invitation to all with strong backs….lets start or own lil Waco.
============
http://en.wikipedia.org/wiki/World_Trade_Center#Lease
In 1998, the Port Authority approved plans to privatize the World Trade Center. In 2001, the Port Authority sought to lease the World Trade Center to a private entity. Bids for the lease came from Vornado Realty Trust, a joint bid between Brookfield Properties Corporation and Boston Properties, and a joint bid by Silverstein Properties and The Westfield Group.
By privatizing the World Trade Center, it would be added to the city’s tax rolls and provide funds for other Port Authority projects.
On February 15, 2001, the Port Authority announced that Vornado Trust Realty had won the lease for the World Trade Center, paying $3.25 billion for the 99-year lease. Vornado Realty outbid Silverstein by $600 million though Silverstein upped his offer to $3.22 billion.
However, Vornado insisted on last minute changes to the deal, including a shorter 39-year lease which the Port Authority considered nonnegotiable.
Vornado later withdrew and Silverstein’s bid for the lease to the World Trade Center was accepted on April 26, 2001, and closed on July 24, 2001.
============
Not to make too fine a point of it, but this sounds like a case of total corruption imploding in on itself. A 99 Year lease is totally daft anyway, unless the building is stone and mortar.
A 20 year lease would have at least have had some legal standing, but that is too uncorrupt an idea to even be considered.
I assume all the entities involved are hypercorrupt NYC entities, by defult.
=======
a) asbestos fire-proofing had deteriorated beyond repair
b) the WTC was losing Billions of $s per year
c) many floors were empty
d) all the FBI / CIA / NSA evidence for Enron & all the others was in building #7
=======
The
http://en.wikipedia.org/wiki/World_Trade_Center
and all dependant and closely related and dependant subpages need to fully reflect this.
As far as the entity losing money, at some level I am not superized.
There was a 1975 fire in one building that did damage, but as far as the Asbestos being in bad shape — that is overblown. Anyone that understands NYC corrupt building construction practices would tell you that it was a miracle that the buildings stood at all. They were severely overdesigned to cope with the hypercorrupt NYC building practices.
The BBC pages around 2001 seemed to indicate not that many empty floors or spaces — but I suppose it is possible to lease less than a full floor. I suppose all the floor by floor records were burnt … if you know what I mean.
As far as Enron evidence, any and all New York State judges are open to bribery and familial nepotism — I don’t see evidence being or not being an issue when normal corruption could fix the problem much cheaper.
Important considerations, but if you fully account for how corrupt the US is and how there is no rule of law there — these are at best modest conspiracy theories that are unimaginative and intellectually low-balled by people telegraphing them in.
@ Tofu Charlie
If you’ve read a lot of Joseph Campbell (a guy who relished human sacrifice) you’ll be somewhat oriented to what you’re about to “receive”. Otherwise, buckle your seatbelt and remember the writing is soft pedaled. There are some simple grammatical mistakes that you can figure out because they’re repetitive.
Print the lot out, get your yellow highlighter handy, and make brief notes on every page you read so you can remember the names and terminology.
Am so pleased you are interested in it. You won’t regret reading it, I promise. Quite the hoot!
@MEP
thx man, sweet links
Evo Morales made an interesting comment during his interview w/ Amy Goodman. He said that the Obama admin. has made comments on the new Bolivian constitution–comments specific to the management of Bolivia’s oil & gas sector. Morales understood the comments to mean that the Obama admin. wants those provisions in Bolivia’s constitution changed! He said that not even Bush took such an interest in their constitution or ever commented on it, and for that reason, he sees Obama as being worse than Bush!
Interview is here: http://www.democracynow.org/2009/12/17/bolivian_president_evo_morales_on_climate
(On constitutions, it seems like Obama’s technocrats are closely studying the constitutions of other countries. Obama made specific references to Afghanistan’s constitution after the “election” there; he made sure to point out that the election was fair and its outcome legitimate under the Afghan constitution. Of course it helps that Washington wrote the constitutions of Iraq and Afghanistan. But now it’s sounding like we have a special interest in the constitutions of oi/gas-rich countries. Could it be that Cheney’s prediction was right and that we’re on the cusp of hitting Peak Oil? [His prediction was 2010.])
Chavez is also in the news; he’s pissed at the Netherlands for allowing US bases there, and is worried that they’ll be used as a launch-point for military action against Venezuela. He claims that the US has sent sent intelligence agents, war ships and spy planes already.
Nobody told me there’d be days like these…
@anything but — wow! That American-Buddha site looks absurdly interesting. Thnx. I know I tease “Buddhists” a lot, but only because it’s frivolous and transgressive
Mike, on currency, gold and silver…
“they” do what ever they want and only their final goal is clear: one world government. How they gone do it, we do not know, we are pretty much out there in the dark! We know their goal and all the rest is merely speculation….
LOL @ Jim Cramer . . . I want you to buy buy buy Citigroup!
http://www.huffingtonpost.com/2009/12/17/jim-cramers-insanely-pass_n_396389.html
@Adam
No Kidding
Touche Gordo
Perhaps what’s really scary is how implausible it is that such a thing could happen in the “Shining city on the hill” or the “sceptred isle” …
@ jon
I would not get to worried about those jon all the money is basically gone to wars and WS.
It will probably take another 2 – 3 years for people to figure that out (If we are lucky).
Highly recommended reading. All bases are covered. It’s be interesting to find out the true bloodline of the God-King. He didn’t speak Tibetan until he was 6 years old.
http://www.american-buddha.com/shadow.dalai.htm
anyone notice they’re doing this bogus climate meeting at the same time the insurance and government crooks are trying to ram down laws with this bullsheet give us your money medical bill thing to steal from the usa public.
Crooks with suits.
@ Adam
Geologists, designers and mechanics have also joined the strike demanding that “we do not pay their crisis”
Actually that is smart not scary.
Why are you entitled imported oil?
http://www.youtube.com/user/wepollock#p/u/0/mV2wgoXlHT4
wepollock possibly a repost by now.
It’s getting scary out in Greece:
http://libcom.org/news/wave-strikes-sweeps-greece-17122009
contract law and property law eh?
sounds like we’d be left with just cops and lawyers
seems to me that’s pretty much the way it stands now
‘cept we have a symbolic legislative branch for show
there’s never a unitary executive around when you need one
forgetaboutit
buddha bing
buddha bang
@Frances — heard of Dorje Shugden Buddhists? They think the Dalai Lama is a spiritual dictator:
http://www.youtube.com/watch?v=wC-F6VUyGZM
Bet they’re paid off by the oil companies to speak such heracy…
The Buddha Nature. Oh yeah.
The AGW Danish folks have told the world that in 2010 US pensions go bust, gold crashes, China flops, Bunds soar, predicts Saxo ; therefore, it’s not unlikely that in 2010 US pensions will not go bust, gold doesn’t crash’ china doesn’t flop, bond’s decline
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6835576/US-pensions-go-bust-gold-crashes-China-flops-Bunds-soar-predicts-Saxo.html
@Frances — lol!! Whitey McBodhisattva talks about Buddhism and Hinduism, & Christianity… but forgets Taoism and Shinto!
SPIRITUAL FAIL!
lol! I’m such an ass…
Heh, Tofu! This is exactly what you like!!!
http://www.youtube.com/watch?v=Pmj7rPxOth8
@Dan — meh. Too many flights go through BKK. I like the country too, especially the north…
@Dedo — (sigh).. yeah, labels, compartmentalization, (and language in general) is useful to build a conceptual framework. Having one word to stand for an idea is quite useful shorthand if you want to connect with other people on a common level. (And yes, sensai, I agree… conversely, language is useless and troublesome).
If/when you finish your DMT trip and want to talk about real-world stuff, rather than just “no it’s not, for the buddha tells me so”… as I say, I would be grateful to converse with you.
@Just get it right….Al Gore has been forced to use the weather machine….dum dum dum..
weather warning—-for any one on the east coast!!!!!
http://wxcaster4.com/nam/CONUS1_MESO-ETA212_SFC_ACCUMSNOWFALL-KUCHERA_84HR.gif
@Tofu,….you seem to categorize folk, like you do your opinions,..
Doesn’t sound very tangible to muah!
@Tofu….my spellig is terible regarliss of what langwage I use…but I asked how or if you understood the meaning of the word Farang.
How can the Danish say to so-called ‘poor countries’: “Western countries will give you $100 billion of worthless Federal Reserve Notes to fight global warming”,
when ‘Western countries’ have to borrow from ‘poor countries’ like China to compell them not to develop their national right to develop industries????
Only Lyndon Larouche’s 4-Powers solution, by partnering with China, Russia, and India will work get us out of the global financial crises.
@Dedo — this is why I can’t converse properly with new-agers and hippies… if you ever want to have a less abstract conversation I’ll be here.
@Dan — I meant your english spelling? Were you asking me why I assumed you’re a farang?… i know less than a handful of thai phrases, so didn’t really understand..
@tofu,…lol,..”your” specifics are not “my” concern,..or should they be,.because you believe it to be so?
(many have been wrong in the past) ; )
Sorry meant that to be @ Tofu
@Dedo….Its as good as it needs be when you type it in english.
Chun Mai chop gin pad thai….chop gin Panang gai deegwa.
@Dedo — you think I’m not in touch with my ignorance? You think I don’t want to destroy my mind?
Why resist talking about specific, tangible, substantial things?
@Tofu,…If I’ve got to explain to you the myriad of life and it’s consequences,..maybe I should be elevated to god status,..like you!,..: )
There are many , many variables to the order of chaos,..maybe you should step back slightly and learn more!
Dan (just a guess, am i wrong? f’ing excellent spelling otherwise)
@Dan — pad thai gai krap!
@dedo — well, just that comment, seemed to be. You basically said, if you don’t know everything your opinion is invald.
what… about… methane… release?
Go out on a limb… humour me, please… don’t be a stone wall…
@Tofu,…lol,..you do make me laugh,..that’s my reasoning is it?
okay, if you say so,..; )
@ Tofu…..PootThai Mai…Tamai Khun Kowjai Farang??
@Tofu…Why Anarcho-capitalism naturally….the only thing you need is Property rites and contract enforcment…..Note…If said was brought about there would need to be an adjustment period to ween off the so called Pimps from the govt. Teat.
Crisis in Greece causes an explosion of entrepreneurship (googlated into English):
http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF-8&sl=el&tl=en&u=http://www.ethnos.gr/article.asp%3Fcatid%3D11379%26subid%3D2%26pubid%3D8984897&prev=_t&rurl=translate.google.com&twu=1&usg=ALkJrhjbip2Ac9c2PafofAAVX_Qw3z48FQ
@Dedo — yes but what about methane release? Here’s your reasoning:
(1) I don’t know anything
(2) experts know everything
(3) leave all opinions to the experts
@Farang Dan — what flavour of anarchism do you like most?
@dan and Tofu,……I could personally run a more sound society with the limited knowledge I have at my disposal,..so I know the problems are “manufactured” justly to suit,..
So all this rhetoric is just that!,..”To Suit”,..made to measure,..you know this ,.of course?
@Tofu Charlie – “can’t regulate peat bogs”
That’s no joke.
What kind of psychology actually believes that passing a regulation will change the biology and chemistry that occurs in a peat bog?
I’m so sick and tired of smug bureaucrats burning tax payer money on these “conferences”.
I mean, how long is this Copenhagen conference? Clinton’s entourage has been burning USD in Copenhagen for a long time.
Must be great for Denmark.
Anyone want to go to Copenahagen on a free trip at taxpayer expense?
@dedo.. agreed. I long stopped prefacing all my written comments with “In My Opinion”, but I hope the implication is still there, and assert my right to be opinionated.
Any actual thoughts on methane release being left out of the climate debate?
@DEDO…that would be Anarchy friend….
@Tofu,..what if you try and live your life the best you can without interference from others who think they know best,.(for themselves) huh!
I know you may think you know what’s best for all,..with your limited knowledge,.but I’d beg to differ, somewhat.
A managed society is a good thing,..and also a bad thing,..dependent on the managers,..: )
* messed up the first quote about Geithner’s speech, it ends:
…magnifying the risk of adverse market dynamics.” [endquote]
* The notional amount, … used as a reference to calculate cash flows under individual contracts, … Gross market value is defined as the sum (in absolute terms) of … contracts … also measures the replacement cost of all outstanding contracts had they been settled in the reporting period.
This was something Geithner talked about back in 2006 at the New York Fed, the figures he uses indicate these markets more than doubled in size between then the peak in June 2008 ($683 tn):
Dec 4, 2009
DERIVATIVE MARKET REFORM, Part 2
The courageous Brooksley Born
By Henry CK Liu
…Treasury Secretary Timothy Geithner … warned in a speech, “Risk Management Challenges in the US Financial System”, … on February 28, 2006 – 17 months before the credit crisis that broke out in July 2007 – that the scale of the over-the-counter derivatives markets was dangerously large.
“Although the notional total value of these contracts, now approaching $300 trillion, is not a particularly useful measure of the underlying economic exposure at stake, the size of gross exposures and the extraordinarily large number of contracts suggest the scale of the unwinding challenge the market would confront in the event of the exit of a major counterparty. The process of closing out those positions and replacing them could add stress to markets and possibly intensify the direct damage caused by exposure to the exiting institution,” Geithner said.
Geithner observed that credit derivatives, where the gaps in the infrastructure and risk management systems were most conspicuous, were less than 10% of the total OTC derivatives universe, but were growing rapidly. Large notional values were written on a much smaller base of underlying debt issuance. The same names showed up in multiple types of positions – singles-name, index and structured products. These created the potential for squeezes in cash markets and greater volatility across instruments in the event of a default, magnifying the risk of adverse market dynamics.
That was the speech that drew Roubini’s attention to the potential for a credit crunch. Roubini used to work for Geithner in the Clinton administration.
There are also the exchange traded derivatives, a more transparent corner of the market. Only a small fraction of the whole market, but growing.
Statistics on exchange traded derivatives, Table 23A:
Futures: $19,690.6 bn in June (when the OTC figure date from) $21,218.5 bn in September.
Options: $43,758.2 bn in June, now $48,274.1 bn.
The distinction is important:
It’s a swarm of state-supported vampire squid (with Goldman Sachs leading the way), sucking as much wealth out of the global economy as they can, for as long as they’re allowed to.
Given the incoherence of the political reaction to all the bailouts, guarantees, QE & ZIRP, that’s likely to be for quite some time.
@Dedo — here’s a “what if” for ya… what if we’re already in the middle of an unstoppable methane release / positive feedback loop…? What if the IPCC leaves methane hydrates (thawing permafrost etc) out of their projections… oh.. they do.
http://catastrophist.wordpress.com/2009/12/16/google-search-methane-hydrates-climate-debate/
I guess you can’t regulate peat bogs…
@ Tofu – Yep . . . lotsa leaks.
Was thinking that it’s not really fair of the US to try to strongarm China on emissions and “transparent reporting” of their progress in curbing emissions considering that probably half of China’s emissions is from manufacturing that we’ve exported to China. It’s our outsourced pollution!
@ Mother Earth – Wherever you are, tell the people of the poorer countries to stand strong and resist our BS.
I just had a thought concerning climate change,.what if, and this is just an if,..the PTB have the resources to alter climate etc,..now wouldn’t that be a trick?
(It’s good to be a God)
Mep — ahh so many leaks… it must be getting near xmas
Oops . . . leaked UN report helps frame Copenhagen as a sham.
@All My Obama as a pimp photo…..
http://maxkeiser.ning.com/forum/topics/need-a-laugh?commentId=3509815%3AComment%3A4027
New Zealand & Dubai news
$150m SI farm deal backed by Dubai
http://www.stuff.co.nz/business/3176426/150m-SI-farm-deal-backed-by-Dubai
@Harry_
Thanks for you precise response…
Thats why I stay away from equity and metal trades, they are just too easy to rig.
But when you sit back and quantify the value that ‘they ‘ have to play with it makes for one scary World.
Being down here in Oz gives us some isolation, feel for you guys over there in the US of A.
Take the I out of BIS and you’ll have it about right.
@Mep:
Thanks for the link!
@fib,…all the rubbish you read on forums is no discernment of absolution!
Max is quite good at giving you the machinations of the machine,..but it’s up to you to decide when it reacts, etc etc..
Try not to follow the crowd!
@ frances – I never checked out the freelance toons. There’s a bunch of good stuff there, including one on the Somali pirates.
silver hasn’t budged in weeks
@All…notice silvers stability????
@All…this is the kind of half ass stuff that we can no onger tolerate………..”Al Gore’s office admitted that the percentage he quoted in his speech was from an old, ballpark figure”
Lefties Call for Alliance with Paulies Against War
perhaps we’re not as divided as the 1% would have us believe
Why don’t I…do what you say?
I’d written the reply above already, was relating that to Marx (Capital Vol III, Ch 29-30), then happened to be chatting to someone who [...] well, let’s just say there are a few things that take priority over proving a point on the internet.
BIS Semiannual OTC derivatives statistics at end-June 2009 Table 19:
Notional amounts outstanding: $604,622 bn ($604 tn)
Gross market values: $25,372 bn (4% of notional, down from $32,244 bn in Dec 2008)
Gross Credit Exposure: $3,744 bn or $3.7 tn (15% of gross values, 0.6% of notional values, down from $4,555 bn in Dec 2008)
Largest category: Interest rate swaps
$341,886 bn notional, $13,934 bn gross (4%)
The detailed statistics (next page)…show the swaps business in Euros ($123,812 bn) is slightly bigger than in dollars ($114,772 bn). The Yen is $54,079 bn and Sterling is $25,414 bn.
As seen from the Alabama case against JP Morgan, rate swaps are of dubious value at the best of times (huge fees vs marginal savings), but they’re a nightmare in bad times (this variable rate may explode). … Unless you’re dealing them and can hedge *both* ways, then they literally hoover up all the money. Sooner or later I suspect almost everyone in the market gets their pockets emptied, except the bankers who deal them (unless they’re complete lunatics…hmmm).
@Phil /Germany
Good point about 911 is that all the steel beams in the building were coated with Asbestos pulp which was sprayed on it. But even without the steel building would have never have collapsed if it wasn’t for the Thermate and other explosives.
The building collapsed at free fall speed mind you! So if you had thrown a billiard ball from the building at exactly the moment of collapse of the buildings it would have touched the ground at the same time the building did. Only possible if you add a lot of energy. Weeks after the Twin Towers had collapsed pools of molten metal where detected by NASA with their heat spotting satellites from space.
@ Dedo
Do you see them buying nice and slow again…. ?
I like how these new guys on here come and go.. some are interesting this time,,,,, you wonder how many people read and dont comment
sorry @Mike cheer up though !!!!:-) you know your one of the best on here even if you do moan alot lol you make me laugh…
@ frances – Alright. Didn’t know what was happening there. Yes, Mep is cute. I didn’t know that Mep is supposed to be a squirrel.
LOL!
Here is the last holiday greetings cartoon that Mep took part in.
@ Tofu Charlie or @ Gordo . . . whichever of you posted a link to that 60 minutes segment about cyberwar and hacking; have you seen the news that insurgents in Iraq have figured out how to hack into US drones at a low low cost of $26? Check it.
@ ronron- Whatcha wanna talk about?
Lefties Call for Alliance with Paulies Against War
http://www.dailykos.com/story/2009/12/16/815000/-Lefties-Call-for-Alliance-with-Paulies-Against-War
@Mike…..cheer up.
Bullion Is A Girl’s Best Friend
http://www.youtube.com/watch?v=BXf8aXdZdTM&feature=player_embedded#
@fib,..if you “really” watch the markets, you’ll find a niche,..it’s not hard,,.just takes percy vere ants,..: )
The trust has gone so has the legal structure that allows proper wealth creation….. in de flations so what
its done..were being cooked
its all about TRUST,,,,, that is where the value is, morals good and fair law and order, freedom to think and do…..
Trust….its being shot at
@ Mike/liverpool
Do what you need to do, think for yourself and stop blaming Max for your judgements… are you acting a role for the gov? b No I refuse to get rude with you Mike!!! but its hard…
Personally in my opinion
I could not give a stuff…..nothing has changed… down today up tomorrow so what..who cares..
All it shows for me is how unbelievably manipulated everything is..
Its awesome how manipulated things are,, there really is nothing free about the market its just ??????well, you fill it in…
wow eeeeee Im on the right side of the fence la la la la la
GREENSPAN:_ Its Inflation!
http://www.msnbc.msn.com/id/34405532/ns/business-stocks_and_economy/
Mike
@Dedo:
Always is evermost present.
@Frances,…yep,..interesting perspectives,..but,alas,..I’m afraid my knowing is personal to my experiences and forbarings,..
@Mike Liverpool ~ dollar strength blues.
Cheer up Mike. When I bought gold the first time it took three years for it to recover (1975). It isn’t going to be that long this time.
“Intellect is to me, a knowing of things unknown to man or machine at present,..”
Nice! And you, being all heart, would champion!
But woe to me? My heart sings, the notes only lack resonance. My words are my notes and my pen a worthy ensign.
Dedo:
http://www.englatheod.org/soul.htm
@Frances,….Intellect is to me, a knowing of things unknown to man or machine at present,..
@Underfundedmentalist
Dont get me started
Wow look at the intensity of the fuel
http://www.youtube.com/watch?v=PNRuzGMGhHY
as you can see steel is poor in fire i mean you may try and make a chocolate fire guard
http://www.youtube.com/watch?v=K3-8QDbhY7I
My poor Euro’s
Sob
My Poor Silver
Sob
My Poor Gold
Sob
Your got a lot to answer for keiser!
Mike
@Dedo:
Yes, and raw intellect relies only upon a sure and steady nature: one of pure intent. Words belie the true nature of the soul: are we all made of good material? Could meaness of spirit hinder intellect: is intellect a conduit or a mask?
Well, i guess we see if there is a “China putt” or will they let Gold DROP?
Al Gore gets BITCH SLAPPED in the Times:-
http://www.timesonline.co.uk/tol/news/environment/copenhagen/article6956783.ece
Mike
@Veritas My opinion is
You cant take much stock in anything, just try and understand what really going on..
The “Kings” like to buy there gold cheap with your money, every little helps.
I dont think the “Kings”Like to carry anyone at $3-4-5-8 000 per ounce they will buy it cheap first. Then con make it hard, illegal sometimes if it fits there purpose and even in the end buy it for a fortune of paper, does not really matter the figure its paper and its just someone else’s bank account of savings thats effected.
In the end they will achieve there aim and have it all…
hey fib
you hear bout those dutch scientist that found particles of thermite in the wtc steel, recently i believe
The Wig Master Kramer the Pimp
http://www.youtube.com/watch?v=PAEOYwttFbY
@ OP,
Max has more direct experience, but do feed my ego anyway. Muuuaaaa.
1. Can ‘they’ use it as money (aka debt = money).
A. To my mind debt is anti-money (or unmoney) which wipes money out. Derivatives are more complex financial assets and/or liabilities. However, they can be used as capital (depending on their rating), and also to upgrade risky capital, making it eligible to be counted as Tier 1 banking capital, which banks can lend against.
2. If its debt when does it have to be repaid?
A. Most are continuous streams of payments. Divided into ‘tranches’ of different risks & rewards. The risk having been mis-priced by ratings agencies who were drafted into the process of structuring the derivatives by the banks who manufactured them.
3. If they can use it then doesn’t this enable ‘them’ to manipulate any market that they please?
A. Certainly they can be used to manipulate markets, especially when traded outside public exchanges, thus denying other market participants full price discovery and market data. This allows the major participants to gain an information edge, and greater access the full market.
4.If its not real money and is artificial (like all of us) then doesn’t this equate to an amount of (x10) 6 quadrillion in potential paper gold?
A. That’s probably a gross value/liability, a much smaller amount if netted out, but still a lot and no-one can be quite sure who might get caught in the net. This was the underlying concern about the Lehman bust, would it take down others? The fear alone nearly took down all the western banks and brought the global financial system to a halt (on the verge of collapse in the IMFs estimation).
Here I thought Tony Blair was a whore for the banksters.. If he’s a pimp then who’s his main hoe? Brownie?
Gold’s just dropped momentarily below $1100.
Hey now, that Stacy’s showing some serious clavicle.
@ Phil and Mike/ Liverpool…. sore your post earlier. Some of the problems related to this stuff… more people may die 911 due to exposure than from that whole criminal act. The steel used to construct the building was coated with the stuff apparently to protect the building in fires so it could not collapse, see the man in the suit.
http://www.youtube.com/watch?v=8HnaEKRBmAY
The reason they coat steel with the stuff its cheap and very heat resistant
see
http://www.youtube.com/watch?v=Hl_H68zhp_Q&feature=PlayList&p=0FB6D5D28672053C&playnext=1&playnext_from=PL&index=4
But its deadly, it actually cleaves the DNA nano particles. You only need one fibre.
http://www.youtube.com/watch?v=jifoNSXvTuQ
just got alphaville on netflix
an oldie but a goodie
@ronron – you’re aren’t being ignored, snoot chatted with you
dedo
you are getting royally screwed!
@The Underfundedmentalist,..isn’t that a song?,…fk,..I’m due some “royalties”,..
@Y’All
and soon mummy did return…. and the children took there place between her legs and they were kept warm… and they laughed about the townspeople… and mummy sang the old songs!!!
yanky doodle dedo
@Frances,….Don’t be daft,.I couldn’t meet your challenge concerning etymology,..it’s evident you have studied most avenues of communication regarding this construct.
There you go again,..bolstering your testosterone,..tut! : )
I’d go for intellect though,…I’d kick your ass there,.yeah, me kingo bingo mango,..
@Kricke242
I suspect Max was going to mention how Sweden had a NEGATIVE SAVINGS rate a few months back (is that still going on???)
naomi
obama has already declared an emergency for swine flu
no one raised an eyebrow, had it been bush on the other hand..
the shadow govt. has been growing in stages since 1947, officially. Oklahoma city, 9/11, gulf of tonkin, lusitania, maine etc
each time it is cranked up a notch, both in spectacle and in the amount of power transfered
still fun to be ignored at max keiser.com. see y’all.
@Dedo:
How do I know you will fight fair? No dictionary or thesasaurius, and the draw only when we both got access to our guns.
naomi wolf?
is that you?
I was perfect at the start.
You forget, everything, you clogged for your supper in ‘those days’.
i get a hoot out of snoot
‘specially those ma&pa kettleidioms
vaudeville will make a huge comeback
who will be our wc fields?
or was that bush? doh!
Geeze Louise, Norcalkid and Californiadoctor.
Both of you are telling it like it is, how grim and corrupt our government and institutions have become.
It just takes your breath away to read your comments.
People need to start their own groups of support. I mean real support. Catherine Austin Fitts makes that point in her newsletter. The “family” has been the bastion of wealth and support throughout history.
This cycle of corruption is grinding to a halt. States are bankrupt, people are bankrupt. As the senario of defaluation comes to the complete end, I fear that the houses that people own or had an equity of 200k, will be wiped out and the GOVERNMENT WILL COME AFTER THE GOLD people have. The patriot act underlines that very idea. “Under a state of emergency, the government can take real estate and gold…”In an Emergency”
Apologies for repeated posts
@Frances,…go for it! “punk”,..: )
@ Alister, Dedo
A propos your advice/comments in the previous link, yup, I agree about not being able to know stuff. (I believe myself to be completely and hopelessly in the dark, and don’t mean to pontificate–honest, Dedo.) Am just trying to share the results of my gleanings. We can know what’s going on to the extent that a slave working in a gold mine in ancient times would know about how the uberlords control the globe. Probably the average slave, even on a nutrient-deficient diet, would have better thinking skills than I’ll ever develop.
But even with reasonable thinking skills, we have no hope of ever finding out what’s going on, because the information is hidden. Even the higher-level secret societies of the root stock bloodlines are kept in the dark and separate, on 365 (366?) positions of a circle, and I suspect only a few characters at the center have the keys to the picture… the codes, perhaps.
I don’t believe I’ve “woken up” if that’s the issue. That would be impossible. When folks here talk about being awake, I whince.
Posting links without much commentary seems to set Stacy off. She claims I’m a spammer. Slowly I’ve developed into a chatterer. Yeah, it’s all Stacy’s fault. I was perfect at the start.
Fannie Freddie May Need Another $400 Billion Taxpayer Assistance
http://globaleconomicanalysis.blogspot.com/2009/12/fannie-freddie-may-need-another-400.html
Greenspan: Fed should worry about inflation
http://www.msnbc.msn.com/id/34405532/ns/business-stocks_and_economy/
Millions of missing Bush White House e-mails found
http://www.msnbc.msn.com/id/34419592/ns/politics/
Hundreds of bosses flee UK over 50% tax
http://www.timesonline.co.uk/tol/news/politics/article6954613.ece
Central Bank to Buy Gold From Gokhran
http://www.themoscowtimes.com/business/article/central-bank-to-buy-gold-from-gokhran/391362.html
@Mep:
I was referring to your avatar, of course: would never knowingly marginalize your true person! Mep is cute. (mep mep mep) Excuse my conduct if it was rude.
@Dedo:
Word challenge?
@Mep. nothing cute about you. quaint you are.
Fannie Freddie May Need Another $400 Billion Taxpayer Assistance
http://globaleconomicanalysis.blogspot.com/2009/12/fannie-freddie-may-need-another-400.html
Greenspan: Fed should worry about inflation
http://www.msnbc.msn.com/id/34405532/ns/business-stocks_and_economy/
Millions of missing Bush White House e-mails found
http://www.msnbc.msn.com/id/34419592/ns/politics/
Hundreds of bosses flee UK over 50% tax
http://www.timesonline.co.uk/tol/news/politics/article6954613.ece
Central Bank to Buy Gold From Gokhran
http://www.themoscowtimes.com/business/article/central-bank-to-buy-gold-from-gokhran/391362.html
Result of Obama’s military bases in Colombia: FARC and ELN agree to unite. United leftist forces will now jointly battle right-wing Colombian armed forces propped up with US aid and narco-funds. (Wayne Madson)
http://news.bbc.co.uk/2/hi/americas/8417595.stm
Germany and Spain want to return H1N1 vaccines to Glaxo. Many people refused the “safe” vaccine.
http://www.reuters.com/article/idUSLDE5BG11A20091217?type=swissMktRpt
Obama inks nuclear deal with United Arab Emirates. (more hypocrisy)
http://www.thenational.ae/apps/pbcs.dll/article?AID=/20091217/FOREIGN/712160824/1133
Obama to appear on WWE special in support of troops. (thats the fake wrestling on tv – what a douche)
http://www.csmonitor.com/USA/Politics/The-Vote/2009/1216/Obama-to-appear-on-WWE-but-unfortunately-not-in-spandex
What was Max going to say after he said: “Except Sweden …”
Max: “Well, of course they…” @22:59
http://www.brookings.edu/~/media/Files/rc/papers/2009/06_iran_strategy/06_iran_strategy.pdf
i know this is six monthes old but, boy these fellows need some new material, must be a writters strike, cuz this script has been around the tarmac a few times
page 66 under “the question of a provocation”
For purposes of this analytic exercise, we assume
that a U.S. invasion of Iran is not triggered
by an overt, incontrovertible, and unforgivable
act of aggression—something on the order of an
Iranian-backed 9/11, in which the planes bore
Iranian markings and Tehran boasted about its
sponsorship. First, this seems exceptionally unlikely
given Iran’s history of avoiding such acts, at
least since the end of the Iran-Iraq War. Second,
were that ever to happen, the circumstances of an
invasion would become almost easy—the United
States would suddenly have enormous domestic
and (perhaps grudging) international support for
undertaking an invasion. Indeed, the entire question
of “options” would become irrelevant at that
point: what American president could refrain
from an invasion after the Iranians had just killed
several thousand American civilians in an attack
in the United States itself?
Beyond such a blatant act of inexcusable aggression,
the question of provocation gets murky. Most
European, Asian, and Middle Eastern publics are
dead set against any American military action
against Iran derived from the current differences
between Iran and the international community—
let alone Iran and the United States. Other than a
Tehran-sponsored 9/11, it is hard to imagine what
would change their minds. For many democracies
and some fragile autocracies to which Washington
would be looking for support, this public antipathy
is likely to prove decisive.
merry x-mas
@Phil@Mike re: problems at WTC … this is the biggest conundrum of them all — WTC 7 which wasn’t hit, and here’s the new owner of the WTC that Phil mentioned talking about how he and the Fire Dept. decided to “pull” the building. http://www.youtube.com/watch?v=7WYdAJQV100
PS@Mike/Liverpool …. Were there any problems ?
Oh .. and I forgot to mention that the WTC was sold to some guy 3 months before 9-11.
IIRC he got ca. 9 Bio$ from the insurance after going to court to get 2 x the insurance damages for having “two hits” on the WTC.
@Mike/Liverpool …. Were there any problems ?
LOL :
a) asbestos fire-proofing had deteriorated beyond repair
b) the WTC was losing Billions of $s per year
c) many floors were empty
d) all the FBI/CIA/NSA evidence for Enron & all the others was in building #7
So there were at least 4 good reasons for the controlled demolition … not to mention the false flag to get the patriot act installed.
I love the smell of burning Euros in the morning.. smells like .. victory !
if weimar is the scenario, who will be our next henry ford/prescot bush?
seems china has been bankrolling our wars post-nam and it has been paying off well for them, but they won’t need us forever
Was reading something about the Twin towners, someone made an off the cuff remark that they were condamed builds?
Was there a “Problem” with Towners?
Mike
Hope y’all aren’t trying to infantilize me by calling me “cute.”
@ Dedo – I’d better know what I know; if I don’t, I’m royally screwed, because I’m smart enough to know that the more I learn, the less I know!
Flag-Waving Communists & Socialists March in Copenhagen to Stop Global Warming
http://www.breitbart.tv/flag-waving-communists-socialists-march-in-copenhagen-to-stop-global-warming/
@theunderfundedmentalist
Hi, I was tongue in cheeking Max & Stacy, since they’ve formerly swooned for My Man. It was pretty obvious we were getting a typical Chicago Politician, and I’m from Buffalo.
The thing I think is a trip is that they both have FAITH in AGW when the globe has been cooling for 9 years, both the antartic and arctic are increasing Ice mass (see CryosphereToday.org), but that’s just icing on the cake….
The $ is up again, and I know Max respects Pretcher. So I’d be interested to hear Max’s explanation of the toilet paper routine. I’m wondering if its going to be like Weimar. First deflation, then hyper.
Max going ball out against the Adam Smith Inst. – Chicago School economists (Bernanke) are financial terr.
Bloomberg : Blizzard Dumps Snow on Copenhagen as Leaders Battle Warming
http://www.bloomberg.com/apps/news?pid=20601130&sid=a5wStc0K6jhY
If y’all tryin ta play da game, y’all gotz ta know da RULEZ…
AMERICAN PIMP
(part 1 of 9… follow the links)
http://www.youtube.com/watch?v=9Y6oMsroBvU
@Bill Howland
Bill, you evidently missed the “hope and change” and “yes we can” indoctrination which is being replaced, by the pimpocracy.
Tarpillion!
I win!
do i hear a milkin dollars?
a bilkin?
a trilkin?
sold! for zilchin dollars!
Geez, I’d be happy with a lousy nillion.
racketillion?
bill
whose voted for anything lately?
besides congress
dedo
now that’s the competitive spirit!
@Frances,…I’d kick your ass in any challenge, be it billiards or pool, the balls make no difference to me,..I’m all heart!
Why are you guys picking on my man ‘Bama? You voted for him….. Even though, as a senator, he voted to renew the Patriot Act. How come you didn’t realize what you were getting?
And BTW,.I wish you folk would stop moaning about what is wrong,.and make it right,..it’s not hard, just a slight change in perception, and hey presto! new frontiers beget old tradition,..
Not sure if this has been posted
The 12 Months Of Default (Christmas Song)
http://www.youtube.com/watch?v=M_J7gXDr3GA
max…pimpin’ aint easy..
@Dedo:
Mep IS cute. Cute as a button! Cute as a kitten! I should think I only explained where the pool of estrogen was, is, and evermore shall be, seeing as mine seems to have evaporated. Thought you might like pool if you eschew billiards.
@Ronron:
Thanks for the advice. I’ll file it with my other important paperwork under my bed with the dusty bunnies.
norcalkid
there are ponzillions of us in your plight
i’m sure you feel alone, you’re not
what we must do is coordinate ‘operation stop’
before the man does
so far we’re way behind the 8ball
but the man realizes that trauma has a tendency to create the very bonds between people that he is trying so hard to destroy, they must be very careful about the next stage
people are organizing their own saftey nets
just like the black panthers, hezbolla, and the branch davidians
heck even the sunis and shia in iraq have set aside their 1000 year old quarrel, momentarily, to form a common defense,
patrick henry didn’t have the internet, what it takes is for enough people to realize they’ve been had, and still have the fight left to do something about it, i still get the feeling most people just want things to go back to normal, this tells me we have a long way to go down a very dark road, in the mean time keep making noise, it is our civic duty
@California Doctor
Insurance Companies
I see weren’t the only ones this happened to
My late husband, a physician was driven out of business the same way. The insurance company just stopped paying and he, thinking it had to be a temporary problem, used all his savings to keep paying his employees and keep the office operating. Finally, exhausted he succumbed to a chronic illness and we couldn’t afford his medical care. Of course their was no money, time or energy to pay for a lawyer to sue, not that it would have helped…they owed us over a million dollars! Well, I’m sure they were able to show their share holders a big profit, my one comfort is that there’s a place in Hell for them…
@Frances,….Mep’s cute,.she knows what she knows,…it’s cute,…unlike some (The guy who stepped in for Max) hmm,.I do hate pretentious indignation, (or was it?)
Anyway,..fancy an arm wrestle?
@Snewt. do you or do you not own a carpet sweeper. not that there’s anything wrong with that.
@Snot. calm down
@HarryW:
Why don’t you answer OP’s query about derivatives? Don’t forget to cite the one source available for the data: the BIS bank.
“Snootbilliardplayerextrodinairewithtomuchtestosterone
foramanletaloneawoman,…Nah, you’re to butch! : )”
I could let you siphon a bit of testy, Dedo, seeing as I have so much to spare.
We’ll leave Mep to leave the witty-bitty pools of estrogen about to skip puddly-dip in, shall we?
@Norcalkid. sorry you had to be one of the early middle class. i”m 5 months away from under the bridge and just had my wages cut in half.
@ norcalkikd
never apologize for you feelings
expressing them as you did is why we are here, in every sense
your anger is justified, you have been robbed and don’t like it
no one does
this forum is what i believe jefferson and george mason had in mind when they discussed paticipatory democracy, as opposed to madison (old money) and hamilton (new money) modeling the senate after the house of lords in england,so as to protect their property from democratic forces
On the safety net, of course there will always be a bunch of people “gaming the system” in any way that they can. But to suggest that there is more incentive to rely on various welfare programs than to work is, IMO, laughable. All of the application procedures for benefits amount to humiliating forensic analyses of everything that a person owns, of bank accounts, of utilities and heating expenditures, etc. Unemployment benefits are a fraction of what people used to earn. The criteria for collecting food stamps is actually such that people who need them can’t get access to them, because they are not quite poor enough according to the criteria (which was established in the 1930s). And access to some benefits does not necessarily mean access to others. My sister, for example, was receiving food stamps when her husband was away in Afghanistan and she could not work b/c she needed to take care of her kids. (She did work for a while, but it made financial matters worse since day care was so expensive.) She almost had her heat cut off last Christmas b/c she not afford the bills. She tried to apply for home heating assistance and was denied. In order to keep her from losing heat in the dead of winter, I had to give her a couple thousand dollars from my student loans.
Norcalkid’s point is also important: there are currently 6x as many people looking for employment as there are available jobs.
@ Max Keiser,
Re: the Bandar ‘threat’
It’s an appealing story, but unlikely to be true. It’s far more likely that the ‘threat’ was concocted simply to provide a *national security* interest to use as a pretext, to breach its obligations under an OECD anti-corruption treaty and shut down the Serious Fraud Office investigation into bribes being paid to both Saudi and British politicians involved in the Al-Yamamah arms deal by British Aerospace.
[Hello Mark Thatcher, where'd your sudden unearned wealth come from?
]
The SFO have revived their investigation, there was also a US shareholder case (we want that money!), and a Dept of Justice investigation into the deal (how to nail BAe for stealing such sweet deal from the US military-industrial complex?)
US reports allege that because the deal was paid for in oil, after BAe got paid, the rest (>$100bn) went offshore invested in Cayman hedge funds and Swiss bank accounts. Also that the Swiss handed over relevant information to the US DoJ in their recent capitulation to the US demands for access to their banking information.
The Bandar ‘threat’ is a legal fiction concocted in the context of Downing St looking for legal loophole to shut down that SFO investigation. There’s no substantial evidence that an actual threat was made, no testimony from Blair, nor any action taken to deal with the alleged threat.
There was a full state Saudi visit to the UK last year, so apparently no bad feelings. Bandar himself visited in April 2009 and was welcome to stay at Buckingham Palace. Should anyone believe he threatened to allow suicide bombers to hit the UK? Or rather, he threatened to pull the plug on the deal if UK or US investigations put a stop to his cut of the deal?
Like the taxi-driver story to cover the 45 minute WMD threat, the most effective disinformation needs to be appealing enough to be embraced by those it’s aimed at.
News: Bandar AND British aerospace, 2009
Doubtless Blair’s intervention to keep the gravy train rolling is the kind of thing would have won him kick-back, even an ongoing cut.
@norcalkid -
No apologies are needed. I share your financial situation because many of my friends are board-certified physicians who have had to declare bankruptcy and close their successful offices.
Their offices treated THOUSANDS of patients and yet they were never paid by the insurers. Between the dozens of doctors I personally know, the totals of unpaid insurance claims are over $250,000 per doctor. So, you’re talking about $3 million to $6 million of unpaid insurance carrier responsiblities.
When the medical group goes belly-up, the insurer gets to keep their money.
Moreover, there is a 3-way party between the bankruptcy courts, attorneys, and trustees. These people pass cases between each other and collect the money out of the bankrupt companies. So, the insurer never pays the medical group/doctors office. Then the group declares bankrupcty (see MedPartners and many other groups in the last 10 years). Then, notice that when the insurer payments finally arrive, it goes to the lawyers, court, and trustee. It never gets to the nurses or doctors who actually did the work!
To NorCalKid -
The Medi-Cal system is extremely corrupt. There are no checks and balances on the contracts being written by State of California. Local Law Enforcement Offices are not writing reports, so the crime goes uninvestigated. When we investigated why the crimes were not being reviewed, the information we obtained said that the Bush Administration defunded the FBI’s financial crimes unit during the War on Terror.
Instead of prosecuting these Financial Terrorists, the Bush Administration dismantled the investigatory apparatus. This is not being reported in the MSM, but can be voiced here on this blog.
Then, we found that the federal attorneys in the Department of Justice who would have been working with prosecutors on these frauds and economic crimes were the very attorneys who were FIRED by Bush DOJ Atty Gen Alberto Gonzales.
When Max is talking about the drug money flowing into those banks, you can thank the Bush Admin/DOJ for setting up the apparatus to get that money “capitalized”.
The access to care for people enrolled in the Medi-Cal program is controlled by non-medical brokers who are largely unregulated, lasso huge amounts of tax payer dollars in their private corporations, and then abscond the money to off-shore banks in the Caymans and other places for tax cheats.
The irony is that as MSM is finally starting to report on the absence of physicians in large areas of the United States, the fact that the physicians can not economically survive due to the fraud in the mediCal system goes largely ignored.
Sorry for sounding angry. I did my best, tried my hardest, and received nothing for my efforts. Then I was left penniless. If I didn’t have a financially supportive family, I would now be living under a bridge somewhere, or a suicide statistic. This is how the US treats its family caregivers. There is no safety net for adults under 65, without children in the home.
all tryannies keep the masses on the dole, we saw this when we took over iraq’s budget, saddam had nearly everyone on stipend, how eles to keep them down,
the saudis do the same thing, so due russia and china, the uk et. al.
besides, independence scares the holy crap out of royals and statists alike
of course i’ve always been a little on the anarcho- regicidal side of the debate(?) myself.
@California Doctor: Of course there is no incentive to work, why would anyone want to slave away for WalMart or other Big Box store, come home exhausted and still not be able to afford to eat? Or have medical coverage? Been there, did that and figured out it was all a scam- had a job but it had no benefits. If I got sick, I didn’t get paid, and I was also caring for my late husband, who had incredible medical expenses.
California’s County Medical Services Program (which we had to use, and I am still on) has a maximum income/asset allowance of $600 per month/$2000 total cash assets for a single person ($943/$3000 for couples). Anything above that gets paid out as share of cost. If one makes more than that and has continuous monthly medical bills or medicines, it means one is allowed to keep only $600/month (or $934) to live on. The whole system is just absurd. We were middle class. No more, and probably never again.
Also, incentive to work implies there are jobs. There are no jobs, and no one is hiring, so the social services are a stop-gap. I expect there will be lots more homeless families in the near future as their parents loose unemployment benefits. Food stamps and medical care only go so far, especially if you have no place to cook or stay healthy.
Peter Schiff on … Person of the year
http://www.youtube.com/watch?v=Q-yd-eZNf38&feature=sub
War is peace – peace is war – the biggest war maker in the world must therefore be the biggest peace maker so naturally Obama gets the prize – common sense…*sigh*
(francis=boy, frances=girl?)
Stacy Herbert and Max Keiser, I do enjoy your comments, in fact so much so that I notice I risk becoming addicted to your shows! It’s interesting to watch how the serious moral implications of the stuff you’re commenting on seems to bug you down a little bit. Being the messager isn’t always easy.
I think you’re doing a great job saving my day, so take care and keep it up!
who says you can’t make it the us anymore. a lowly printing press operator just won man of the year.
Or a Ridicillion….
@M&S … GREAT SHOW
Here’s a little something from glaciernine at Investor Village …
…. All quite true but a “truth” moment is indeed coming. Was in a junk shop today and saw many silver dollars, garden variety cartwheels not even BU. They were asking $37 apiece. Now Christmas desperados notwithstanding what’s happening is that dollars are buying fewer of everything ( except foreclosed teardowns, SUV jalopies & used Donzies). The secret, stellar hope of a way over-extended US govt. and world “dark pool” types is that dollars, in effect, default on their “value” thus enabling way over-extended govts. (states & fedl.) & banks to actually “pay” off their debts in worthless “money”. Its a debt default via a proxy dollar default. Then start afresh with a “new” currency exchange medium and pump the hell out of IT. But alas, while it sort of works in a Caribbean banana repub. (where there are plenty of bananas hanging off the trees for the “common folk” to eat), it won’t work with the “reserve currency” of the whole world. The “shock of the new” this time around won’t be the same old bilderbergers. It’ll likely be a league of golden pandas, dinars, silver(believe it or not, Mexico) and demand warehouse receipts. The fractional boys have fractionated themselves right out of the picture. When it happens it’ll be, as always, SWIFT. So do not forget Gresham’s Law & if you have, LOOK IT UP. Its important as to why we’all are here at-all. Best g-9….
http://www.investorvillage.com/iv2/smbd.asp?mb=144&mn=36034&pt=msg&mid=8326532
The thing I can’t get my head around is the significance of the .6 Quadrillion derivative market I have these questions:
1. Can ‘they’ use it as money (aka debt = money).
2. If its debt when does it have to be repaid?
3. If they can use it then doesn’t this enable ‘them’ to manipulate any market that they please?
4.If its not real money and is artificial (like all of us) then doesn’t this equate to an amount of (x10) 6 quadrillion in potential paper gold?
I struggle with this concept, I’m sure you more brilliant people will help (you know like Harry)
The food stamp discussion is a good data point to compare and contrast to the fictittious employment data and the CPI data.
The other comparator is the number of people on Medcare/Medicaid. Each state handles their own medical coverage for lower income people. Therefore, you can not compare between states because each state is different.
But, it is obvious that a family on food stamps tends to also be a family on Medi-Cal.
There is no incentive on California citizens to work because they have food stamps, free medical care (Medi-Cal), and unemployment payments happening simultaneously.
This is why the state government debts are actually more important than the US federal debt. The state debts are reaching a point where some states are running out of cash.
most west point graduates are not enlisting in the military
food stamps aren’t gonna cut it for these movers and shakers, most go into big business,
with those great execuetive skills and all
yep, they sure school ‘em up on how to execute things
military on food stamps
soldiers, inmates, and whores baby!
US soldiers often have to pay for their travel expenses from base to home and back again when they return from duty
that’s stop loss for you
wait, stop loss?!?, i thought we were winning?
Food stamp data:
http://www.frac.org/data/FSPparticipation/2009_09.pdf#page=4
The 3rd table is shocking. It shows percent change in food stamp users by state using Sept. 2004 and Sept. 2009 as data points.
4th table shows the percentage of people in each state using food stamps as of Sept. 2009.
@Mike,…Here’s one for ya,..10/10/10,…could be interesting!
@ Stacy – A perverted story about food stamps:
http://www.military.com/news/article/more-troops-are-relying-on-food-stamps.html
I think it’s safe to assume that the trend still stands of military families using food stamps at twice the civilian rate.
If only our troops were paid like contractors . . . .
Stacy
Need you to find me a date!
Mike
@Snootbilliardplayerextrodinairewithtomuchtestosterone
foramanletaloneawoman,…Nah, you’re to butch! : )
the blue meanies are comming
Im feeling blue
http://www.youtube.com/watch?v=r89jyIADQqY
Bonn you do make me laugh
killzillion
crackzillion
godzillion
ponzillion
viagrillion
opiumillion
neolibrillion
anyrandillion
miltonfriedillion
jobago’doh-toillin
recoverospoillin
controledemolishillion
pimpchillion
slavecampillion
reptillion
How ’bout Lintillion, or Charmillion?
“Snoots a chick who thinks she’s a guy!”
I’m as much a man as you are, Dedo! Care for a game of billiards?
It looks like the USD is not playing nice and crashing like it is supposed to. Interseting times we are in. If Celente’s 9/11 prediction is right, who can we blame. Osama bin Hidin’? That one is old. If divide and conquer is the way then it will probably be a “homegrown” just to get eveyone suspicious of their neighbour. GLTUA
How about IraqTillion, or Afgantillion or drugwartillion?
I heard that only 20% of Americans complied with the order to turn in their Gold.
Don’t know how true that is.
@Bonn,..I hate to break it to ya buddy,..but snoots a chick!
: ) ,..Okay, I’ll correct that,…Snoots a chick who thinks she’s a guy! (lots of testosterone goin’ on)
That was last year’s dog cost, this year’s dog cost is:
1’0000,0000;0000,0000:0000,0000;0000,0000’0000,0000;0000,0000:0000,0000;0000,0000’0000,0000;0000,0000:0000,0000;0000,0000’0000,0000;0000,0000:0000,0000;0000,0000’0000,0000;0000,0000:0000,0000;0000,0000’0000,0000;0000,0000:0000,0000;0000,0000’0000,0000;0000,0000:0000,0000;0000,0000’0000,0000;0000,0000:0000,0000;0000,0000 USD
! ! ! ! ! ! ! ! ! !
How many Googols for that hound in the shop window?
$10,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 USD
There is a profound lack of names for a lot of the larger numbers, for hyperinflating currencies (beyond the Zim Dollar limit) this can be a huge problem, so here are a few suggested names :
– Incillion
– Wodrillion
– Kaktillion
– Zabdrillion
– Nopnillion
– Shwacktillion
– Wowedrillion
– Verillion (yea, like the Manitoba city)
– Sqacktillion
– Vernezillion
– Shllionshillion
If you want to check :
http://en.wikipedia.org/wiki/Names_of_large_numbers
Loved the pimpin intro guys!
The word cloud has me wondering what my own would look like.
Software that tracked a person’s typing on their pc and then created word clouds like that upon request would be awesome. Knowing how our word clouds change over time or when we’re sick, happy, anxious, would be interesting.
Max’s biggest word would be… GOLD! Or maybe Stacy. Or the.
In the failed regime of the American Imperialists, there must be some belief that Gold will reach 1,000,000 USD per Troy Oz:
Gold price 1 million USD
http://www.youtube.com/watch?v=Af4_fzeYzZ4
– Hits to it are up 71% from time file was upped…
I don’t think that is right, as this video should be getting all the hits:
Gold price 1 quintillion USD
http://www.youtube.com/watch?v=Jq1ZqUObtPk
Before it is over I expect 1 Troy Oz Gold = 1.0 x 10^303 USD
EXCELLENT SHOW. THANKS
how can it get out of it’s own way?
the us government should…..GET OUT OF THE WAY.
not an intelligent move
OOOOOOOOOOOOooooooooooooo hhhh
I forgot to tell ya guys me had a chance to work with the Israle’s I said nope
But they here too
god knows why and BC they wanted to pay me 200$ a month I asked what the f@#k for
hmm errr not unless u join us can we explain
I said “Fuck You”
He and his SDR’s
I am gettin so Drunk tonight I invite any visible fight
Snoots a guy i wanna get back at
But that freakin Idiot is too brainy and too smart
Coller ‘d shirt How da ya spell coller
Bitch Google and MS Word
@ PTAH / FILM buffs;;;;;
how beautifully does that link’s quote “anyone can do it” enmesh with this, ostensibly Coppola’s dream for film –what perfect timing
Hearts of Darkness – The Great Hope;
http://www.youtube.com/watch?v=9WOnRAvdK2s
Personally, I don’t believe that all sovereign currencies will be universally hated by the time this crisis is over — it will probably run for 25 to 35 years … as long as a nation state is viable it will (if it is big enough) have some kind of viable currency. However, this is subject to sovereign default — gold or silver or fiat status notwithstanding.
Some ‘fiat’ currencies are less fiat than other currencies, with the Rand and CHF at the top of list for being less fiat.
Some colonial currencies (NZD, AUD, CAD) are tolerably OK, but with flaws — subject to becoming more like the Rand at least.
At the other end you have the Euro, USD and Icelandic Krone — failing or failed currencies from reasonably stable nations.
At the bottom of the heap is the poor, and truly extinct Zim Dollar…
Damnnn!!! I need to get me a piece of that pimp music.
Just war
yeah, it’s just war.
just war on!
Oks u hooked on the mike there
Tahts why colered shirt is the best hopefully next time u choose one anyways its winter time too
It looks scandalous
I forgot to mention CTRL +Del
Stace whats up with your top
Ctrl + C n start the Vid somewhere else
LOLOLOLOL
Hollywood fight back against Pirate MyFilm:
http://news.bbc.co.uk/1/hi/technology/8417789.stm?ls
im only 22, no harm asking round; the man is god
he may be looking for office slaves though
well, we deregulated exhortion
and some made a fortune
now some will whine
and others will dine
but in short time
we will all be reorganized for crime
Marc Faber lives in deep north Thailand, just a few km from where I happen to live. Has an office in HK, I doubt he’s looking for help though.
thanks man
Obama openly talks about the USA being on the path to being bankrupt
1 month Treasuries yield 0.01%
the government can default on that already with no interest for a month!
http://abcnews.go.com/WN/obama-talks-abc-news-charles-gibson-health-care/story?id=9346728&page=2
@ Alister – beware of any astrophysicists who claims to be eminent when the mention ‘universe’ with respect to space-time.
The current theory is that our ‘universe’ is but one in the multiverse. Just as there are billions of stars in our galaxy and billions of galaxies in our space-time, there are billions of universes.
Check out the work of Micho Kaku: http://mkaku.org/
Also seems to me that the physicists have now determined that there at least 11 dimensions to space (space is probably not the proper term but it is the only way I can describe it.)
Reality has mystery and beauty beyond what any of us can comprehend. Maybe there is an alternate reality somewhere that is govern by sane people, with honest people managing the financial sector!
Wow man! That’s heavy. Now I have to go smoke a big doobie and ponder life!
is marc faber hiring or is he a one man show, anyone know?
I’d bet that the € collapses before the £.
Gerald Celente says that his 2010 trend forecast includes a terror attack of levels equal to or exceeding 9/11, with the use of weapons of mass destruction.
He says that this will lead to another financial system collapse, including closure of banks, all blamed on terrorists. When banks reopen the dollar will be de-valued.
Oh and this will eventually lead to WW3. How could I forget that?
Listen to this audio here:
http://www.youtube.com/watch?v=75IjTjpoLsE
I think therefore I thought – but, does time in reality exist? If the universe is Not expanding — which some eminent astrophysicists argue — then pure logic tells us that time cannot exist – and thus past & future language tenses are rendered irrelevant in the face of infinity; in which case one simply thinks.
how would this hypothesis effect market analysis
My math
War = Peace ∴ Peace = War ∴ Obama = Delusional to ∞
well,,,,,,,,,at least ben is consistant. pg
Searchable database of East Anglia emails:
http://www.eastangliaemails.com/index.php