The Keiser’s Business Guide to 2010 – REPLAYS AT 4AM GMT

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141 Responses to The Keiser’s Business Guide to 2010 – REPLAYS AT 4AM GMT

  1. Just listened to the show – I thought that was great! You had a good varied selection of guests, representative of a range of uk viewpoints – it was very informative and entertaining. I hope you get more shows like this.

  2. @all – Happy New Year

    I wish for everyone here that 2010 may be their best year yet, and that it may foster hope and joy in all of our hearts and minds, for a sustainable future, for ourselves and our children!

    Thanks to Stacy and Max for being such cheerful and amusing luminaries, and for dedicating themselves to a difficult and risky endeavor.

    Cheers! …et merde à la puissance treize!

  3. frances snoot

    “Spreads are at all time highs increasing stress in the CMBS market. Who holds these securities? Commercial banks and insurance companies hold them. ”

    http://seekingalpha.com/article/120462-the-law-of-unintended-consequences-cmbs-and-talf

  4. frances snoot

    @DanV:
    The advice from that forum and the lady at the credit risk site is looney. The big banks are covered with their IRB ratings for securities: the small commercial banks are stuck under the standards rating approach through ratings agencies. Seems to me the big banks are a safer bet under basel 2 than our community banks.

    Why does Ron Paul forum ignore the basel requirements set to be implemented this year? Why does Ron Paul forum ignore the Talf program set to end in June. The statement you left is in grave error: the FDIC is still insuring Citi and Chase deposits. What the driving danger now will be is the old maid card: CMBS.

    It is sickening that Arriana Huffington’s site used that clip from It’s a Wonderful Life to sell Americans financial suicide. Nostalgia sells, right? Maple-syup-covered-valley-forged-shit-burgers on the grill.

  5. frances snoot

    @DanValley:
    The banks dropped the transaction program: the deposits are still insured.

    Beginning January 1, 2010, JPMorgan Chase Bank, N.A. will no longer participate in the FDIC’s Transaction Account Guarantee Program. As a result, after December 31, 2009, funds held in non-interest bearing transaction accounts* and IOLTA, IOLA and IOTA accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program. However, these accounts will be insured up to $250,000 per depositor under the FDIC’s general deposit rules.

    https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/marketing/page/FDIC_Coverage

  6. GATA Sues the Federal Reserve on Alleged Manipulation of the Gold Market

  7. Chase and Citibank to Drop Out of FDIC Coverage Program

  8. Iraq War Veteran Exposes Crimes Against Humanity

    http://www.youtube.com/watch?v=H6-2PcdMZbk&feature=player_embedded

  9. Scott Horton interviews eyewitness of Detroit false flag

    http://antiwar.com/radio/2009/12/31/kurt-haskell/

  10. frances snoot

    Banks will “give up” on holding their real estate as rates start to backup and will dump their foreclosure inventories. Why? Because the regulators may let them to play games with alleged “values” when people can get mortgages at 4%, but at 7% there’s just no way the numbers work and the fraud becomes too difficult to countenance. There are rumors of major banks dumping hundreds of thousands of homes on the market next year – this is likely the backstory on “why.”

    WHY doesn’t Denninger mention the tier-approach to capital adequacy coming out of the basel requirements? End of talf + Basel 2 = Titanic sinks

  11. frances snoot

    “Assets that represent claims against corporations (including insurance companies) are assigned a risk weight according to credit rating assigned to the corporation or the asset.
    The credit rating must be assigned by an external recognized rating agency that satisfies certain criteria described in the Accord.3″

    Oh goody, let’s give the ratings agencies another go! Maybe they’re not corrupt this time round!

  12. frances snoot

    Commercial Real Estate Loans
    In general, loans secured by commercial real estate are assigned to the 100 percent risk basket. However, the Accord permits regulators the discretion to assign mortgages on office and multi-purpose commercial properties, as well as multi-family residential properties, in the 50 percent basket subject to certain prudential limits. [Basel I – commercial real estate assigned to the 100 percent basket]

    http://www.abanet.org/buslaw/committees/CL130000pub/newsletter/200609/natter.pdf

  13. Happy new yr all….just got back from the jungle…it was great !!!

  14. frances snoot

    “The Fed extended the deadline on the TALF program for new commercial mortgages to next June in order to give time for loans and deals to be put together.”

    Loans and deals and the Fed: hardly sounds like a free market.

    http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200911191616dowjonesdjonline000730&title=bank-of-america-announces-460-million-cmbs-deal

  15. frances snoot

    “Mr. Isaac certainly understands regulatory changes and its impact on lending markets. Once the probability of loss and loss severity estimates are set for income property in all institutions, the Basel II regulated financial institutions will pursue those lending opportunities that best fit its credit risk profile. Most likely, a herd mentality will cause bank officers to seek those opportunities identified as lower risk. Such behavior would lead banks to overshoot the market, creating market speculation risk leading to higher realized loan defaults and losses than would otherwise be projected, based on historical loan default and loss data. If the credit decision process becomes more systematic and complex, the system will create its own systemic credit related losses–perhaps with a worse outcome than exists today.”

    *example of how basel capital adequacy directives will drive the markets through risk evaluation: how will this affect the crisis evolving in US CMBS market occurring with the close of TALF?

    http://www.entrepreneur.com/tradejournals/article/199628083.html

  16. frances snoot

    THE STATE and its BANKSTERS.

    Whom do these two ‘entities’ serve? The masters of the state and the banksters are the true enemies of the people, because the masters (private elite citizens) have usurped the proper role of the two within a free-market economy.

  17. Really enjoyed listening to the Business Guide, especially the second half.

  18. frances snoot

    “The Parliamentary inquiry will look into the issue of „falsified pandemic“ that was declared by WHO in June 2009 on the advice of its group of academic experts, SAGE, many of whose members have been documented to have intense financial ties to the same pharmaceutical giants such as GlaxoSmithKline, Roche, Novartis, who benefit from the production of drugs and untested H1N1 vaccines.”

    http://www.globalresearch.ca/index.php?context=va&aid=16667

  19. Marc Authier

    2010 will be the same old thing, but worse.

    Taxed to death and taxed to debt.

    The enemies of the people will fester and prosper. Who are the real enemy of the people ? THE STATE and its BANKSTERS.
    Both in 2010 have become useless blood sucking parasites, and econonomic destruction machines of the middle class. The year the middle class was cut in half; 2010.

    Obama ! Obama ! Obanana banana republic. I never saw the end of an economic crises with an explosion of taxes. Never.
    YES WE CAN !

    http://market-ticker.denninger.net/archives/1793-Where-We-Are,-Where-Were-Heading-2010.html

    Bulls are brainless fools.

  20. warburg sidney

    happy 2010 to all

  21. Obama Approves $30 Billion Military Aid to Israel over the Next Decade

    somehow there are always enough money for some particular things, huh ? ;)

    crisis or no crisis – for NEXT TEN YEARS the yummy chunk of funds is firmly allocated !

  22. lol

    it’s become exceptionally obvious that max and stace are working for ostensibly covert ulterior motives

    a bit of research warrants this claim

  23. Just had a friend get upset with me cause I’m single and his wife was talking to me at the new years eve party. Geez. Sometimes I think mankind will never mature into a smarter better being.

  24. ————-
    I think I had the most number of 1sts on the comment board this year!!!!

    Russia Today has now green lit the “Keiser Report” for 2 X’s a week to air Tuesdays and Thursdays.
    ————-

    When it comes to the number of active transmitters, frequencies and programming hours — Radio Moscow was never displaced from its place of supremacy over the airwaves.

    Some aspects of this tradition seem to have carried over to the wussier and prisser satliite television technology era.

    It is a shame an audio only version of your program is not running on “The Voice of Russia”…

    APPENDIX

    – Note that the Ministry of Communications had control over all of the USSRs external broadcasting assets from 1939-Present.

    – The USSR did not have the kind of fuel crisis that made the West totally redo its broadcasting into the USSR after the 1st OPEC shock.

  25. Amandip Singh

    @ y all

    Happy New Year

    May we all manage to secure our savings

  26. @ lucky country – First time home buyers grants of over $40,000?! OMG, that can’t end well! You guys certainly are “MiniUS,” aren’t you?!

    @ all – Just when I thought that the New Year’s ball drop couldn’t get any more depressing than it has been since Dick Clark’s stroke and last year’s Nivea sponsorship of the Times Square celebration, it has gone and happened. There were freaking ads behind the ball drop this year! A huge advertisement for Spartacus and then a huge, blinking ad for Toshiba. My face dropped when I saw it. So incredibly depressing and maddening. I’m so ready for class war in 2010. Class war and public vs. corporate war.

  27. * ‘Tricks Ain’t Walking’ was first recorded by Lucille Bogan recorded (three times) during 1930. ‘If I Can’t Sell It’ by Georgia White recorded this in 1936.

    ***The last song in that short ‘Blues on the Game’ playlist is adult and explicit (hard sell)***

    Alley Boogie
    by Lucille Bogan

    Papa got a watch, brother got a ring,
    Sister got a armful, from alley boogie’n that thing,
    She’s wild about her boogie, only thing she choose,
    Now she got to do the boogie, to buy her alley baby some shoes.

    Now I done sung this song, til I sweat,
    And ain’t nobody bought no alley Boogie yet,
    And I’m wild about my boogie, only thing I crave,
    I been doin’ my alley boogie, I been boogin’ all of my days.

  28. Can’t the girls simply “Work the street” a bit?
    Rather than going to the food bank?

    The streets are dangerous and I’d expect they’ll get worse; doubtless many are already working, one way or another, in other venues.

    Considering that we’re talking about Michigan students here, my bet would be that even if some young female students were desperate enough to hook for food, there wouldn’t be enough disposable income out on the street to compensate them.

    Poor Michigan. :D

    The oldest profession always has customers, but must also be subject to the ‘laws’ of supply and demand, one increased while the other remains unchanged. So I’d expect deflation in the, er, inflation business.

    Blues on the Game.

    1935:

    If I can’t sell it
    I’ll keep sitting on it
    before I give it away

    You’ve got to buy
    Don’t care how much you want it
    I mean just what I say

    1936:

    “Tricks Ain’t Walking No More”
    Memphis Minnie (version)

    …I’m going to learn these walking tricks what it’s all about
    I’m going to get them in my house and ain’t going to let them out
    Because tricks ain’t walking, tricks ain’t walking no more
    Tricks ain’t walking, tricks ain’t walking no more
    And I can’t make no money, I don’t care where I go

    I got up this morning with the rising sun
    Been walking all day and I haven’t caught a one
    Because tricks ain’t walking, tricks ain’t walking no more
    Tricks ain’t walking, tricks ain’t walking no more
    And I can’t make a dime, I don’t care where I go …

  29. In the fist video clip, Bruddah IZ sings a beautiful song,Hawai’i Aloha. The song says like:
    ” We shall extend and display respect to all others which reflects our own appreciation of humanity. We shall carry our pride quietly, neither boasting of ourselves nor speaking badly of others”

    In the second vedeo clip, 9-year old boy playes jesu, Joy of the man’s desiring. Just beautiful. (the boy is now 13 years old)

  30. @Mep
    I think we also have the most expensive housing around as well.
    The big jump this year came from the first home buyers grant being boosted to over $40,000, leverage this and you get an increase of over $100,000 in borrowing power.
    This grant comes back to $7000 at the end of January. This will be interesting.

    But Deninger believes it’s China’s bubble blowing and purchasing of Australia’s minerals that is keeping us at crazy housing prices.

    I sold a place in Carlton in 2006, believing the market had flattened, boy was I wrong.

    But I think there is more to this and Max could dig deeper and find out what is going on. As it doesn’t make a whole lot of sense.

  31. The Underfundedmentalist

    @all y’all
    Happy New Years’!
    May practical thinking outwit greed!

  32. The Underfundedmentalist

    Yeah! soldiers, inmates, and whores.
    All equal opportunity professions.

  33. @ Mike – No way, man . . . if anything, there needs to be equal opportunity hooking!

  34. Good show, though a couple of guests were a bit dodgy (banker’s apologist from MF Global, and Ruth Lea – reactionary monetairst).

    On a brighter note, porno scanners coming to the UK:
    http://www.dailymail.co.uk/news/article-1239781/Longer-queues-flights-UK-introduces-airport-scanners.html
    As others have said the exploding underwear incident was, I suspect staged, or at best ‘allowed to happen’.
    It’s about selling scanners and more control over the serfs.

    Happy New Year

    ABB

  35. Mike/Liverpool

    Females only!
    Mike

  36. @whitemale08 – There was some kind of transition process, right? I mean, they didn’t just shut down everyone’s heat and electricity without preparing people for it, did they?

  37. Lithuania will kick off next year by FREEZING-TO-DEATH!

    BBC News reports:

    Brussels has demanded that Lithuania shut down its one and only nuclear power plant that supplied 80% of the electricity to its citizens.

    Now power bills will become un-affordable when they go back to expensive oil supplies from Russia.

    The EU was crafted to de-populate Europe and deliver its people into a New Dark Age.

    http://news.bbc.co.uk/2/hi/europe/8435628.stm

  38. I believe one of Alvin’s classmate was the one & only Stanley Druckenmiller

  39. Alvan & I share the same “whispering pines” & the same Louie Coxe, the same Herbie Coursen….God bless Sid Watson(college coach of the year 6′s(Hockey))…no Max; no kids from Westchester; no Ranger fans in Brunswick….all public high schools from Boston whose services weren’t wanted at Harvard or BU.

  40. @ lucky country – Yeah, what is up with Australia’s housing market? Read a while back that y’all are now building the world’s biggest houses.

    @ Mike/Liverpool – LOL! Well, since men’s employment has been hit harder during this depression than women’s, perhaps it’s the young males who should try some street walking?! ;-) You could come on over and be their pimp!

  41. Mike/Liverpool

    MEP
    They could TRY???
    On Line stuff?
    Mike

  42. Hey Max, can you do a story on the Australian housing market, it is just unbelievable as to what is going on.
    Melbourne up 17% this year.
    http://www.theage.com.au/business/housing-prices-soar-17-to-record-20091231-lky9.html

  43. @BLINK NOW … anyone that uses bullionvault

    I thought they only did Gold , not silver !

    BTW, the spreads are usually wide when the market is closed.

  44. Peter Schiff says DEFLATION will be BIG . . . . . . . . . . . . . . . . when you measure it in gold !

    http://www.youtube.com/watch?v=-7fPh7wEyI8&NR=1

    Good 7 minute chat .. worth a listen.
    Talks about Japan’s banking mistakes ( I agree ).
    Also mentions Rome and the 2-Tier money system before Rome fell : Gold & Silver for the Elite, and fiat coins for the populace.

    IIRC , someone else here mentioned that when the Barbarians came, the “people” welcomed them as Liberators !
    How very fitting !

  45. @ anyone that uses bullionvault

    spread is massive on silver and price is way out compared to market price . anyone else notice this ?

  46. @ Mike/Liverpool – Considering that we’re talking about Michigan students here, my bet would be that even if some young female students were desperate enough to hook for food, there wouldn’t be enough disposable income out on the street to compensate them.

  47. Are You Ready for a Stock Rollover?
    12/31/09 by Nick Thomas
    Filed under Bourbon & Bayonets

    With the precipitous tail end of 2008’s crash extending into March 2009 (and the relentless rise over the rest of the year), it hasn’t even remotely resembled a “normal” year for stocks.

    Rising from the depths of gloom and abject terror that started the year, the bulls have taken charge and steadily driven the index higher in an nearly unbroken straight line.

    If you bought the S&P in March, you’d be enjoying a magnificent return on your investment right now. From sub-700 to more than 1110 is quite a run! Judging by the weekly chart shown below, however, the party is probably over.


    … In fact, since everything on this chart is suggesting a downward plunge soon, you have every right to feel suspicious that the market will do what’s “least likely” in the short term and make a dramatic head-fake to the upside before crashing (perhaps spectacularly).

    After all, operators such as Goldman Sachs (GS 169.91 ↑1.93%) are no doubt relishing the opportunity to burn the shorts for everything they can get before they themselves go short, making money both ways. This is a tactic they at which they seem especially adept, likely enough as a result of their close relationship with the government and various regulatory agencies….

    http://oakshirefinancial.com/2009/12/31/are-you-ready-for-a-stock-rollover/#respond

  48. The Underfundedmentalist

    @rr
    I’ve got family in michigan, we’re supposed to be part Odawa,
    damn cold in those parts.

  49. harry-w, yah got it. The corporates have taken control. They’ve and are bought up all buisness and mineral rights to rule. Then we have a monopoly of a very few. Which we have now.

  50. @Willy. southern ontario

  51. but pretty soon all this ice will melt. happy new year. bye y’all

  52. William of the North

    Hey ronron,

    what part of Canada are you in? I’m from Yellowknife. I phoned family and friends to complain about the warmth down here in Florida. Just imagine how it would be without all the global warming. (lmao)

  53. Steve Keen’s great value; very quick-witted, sometimes spikey, and clearly articulated ideas. He should have got much more time.

    A return to language: The missing word is Corporatism — the fusion of state and private power — creating the state-banking oligarchy working which has been working to rig all markets and prevent any potential redistribution of wealth between the solvent and insolvent, between savers and debtors, even to concentrate it further.

    Americans tend to view it as ‘socialism’ because of the role of the state, but it is all about retaining ownership & control of the means of production in private hands, rather than transferring it to workers (i.e. producers) or citizens via the state. Workers and taxpayers only get the liabilities, not the ownership or control, and no share in any benefits. e.g.

    Will Sovereign Debt Defaults Bring the End of Socialism?
    by James Turk
    December 19, 2009 – Socialism has come to mean many different things to many people, but regardless how it is defined, in the months immediately ahead it will be put to a rigorous test. The test will be visible to everyone as countries around the globe run out of money and confront overwhelming debts that cannot be repaid as well as other wide-ranging financial promises that can no longer be met. In short, the ideological bankruptcy of socialism will be laid bare by government insolvency.

    [...]

    How did we sink to this state of affairs? Nobel Laureate Friedrich von Hayek provides the answer in his brilliantly insightful and prescient book, The Road to Serfdom, penned during the waning years of the Second World War.

    Hayek’s central theme is that wars expand the power of the modern state because the national planning to fight the war continues even during times of peace. This perennial government planning then expands the social-welfare state over time, with harmful results. Most importantly, economic activity is impeded by the growing state as people and resources become less productive. …

    Unfortunately for James’ theory, the US and UK have both been led by Hayek fans, like Thatcher and her protegés in New Labour, for the last 30 years. They turned away from economic planning to a ‘free market’ dominated by finance and unregulated globalisation. That’s exported production to render workers dependent on residual public sector work, benefits and private debt.

    The relevant quantum of debt is…a world war’s worth. That would be the costs of the war Max refers to as ‘the war between savers and speculators’ — if you find yourself paying the reparations through tax and devaluation of money. rather than receiving virtually cost-free credit (ZIRP) and wealth through asset appreciation, then you know which side you fell on.

    [Ruth's a bluffer, the 'interesting times' proverb has no Chinese source.]

  54. @Underfunded. my sons in Sanfran. if you see him say hi. it’s fucking cold in canada.

  55. The Underfundedmentalist

    @ rr
    don’t let my cynical text fool you, it’s lovely in sausalito everyday,
    I too wish you a great and happy new MMX!

  56. William of the North

    The Keiser Business Guide to 2010

    Good Intro. Much Better Max.

  57. @Underfunded. don’t know where you are but i wish you the best in 2010. chin up and all that. pipip cherio.

  58. The Underfundedmentalist

    @rr ‘live within it all’
    we better get used to livin’ without it all

  59. @Underfunded. the mistake is to think you have a say. live within it all.

  60. The Underfundedmentalist

    @ron ron
    i reckon ‘this’ will last my life time, it has so far, just now it’s all out in the open, corruptionism that is,
    as for welfare, the score so far is
    corporate/military welfare 30 trillion US$ and counting
    working poor welfare zero

  61. @y’all that missed the first live show too and don’t want to wait for rebroadcast: http://www.bbc.co.uk/iplayer/episode/b00pgpkc/The_Keisers_Business_Guide_to_2010/ there is a news report in the first minutes, after that the show starts. Can’t start the new year better than with some good laughs and sharp analysis/predictions. @max and guests Great show

  62. oh, I mised the show, good that it is now online.

    New G- Cente interview at Alex Jones.
    Gerald is afraid of an teror-attack => Bankholiday
    What i dont understand is why money should be loose worth (devaluation). The Problem now is too much debt in relation to money. So either they can crash the debt (deflation) this way they definetly dont want to go.
    the secound opportunity is to print money and to make a gift (its QE what the FED is doing to Banks giving freemoney) But it should be for all prople everybody get an extra 500.000 on his account and the problems where solved (for a while :)

    http://www.youtube.com/watch?v=KVxNmgeR8dI&feature=player_embedded#

  63. when they say wake up they don’t mean give up.

  64. Depending on how copyright lawyers feel about you and your land, the show’s available to listen again:

    The Keiser’s Business Guide to 2010

  65. @Underfunded. you may be surprised. this could last your lifetime so don’t give up you day job.

  66. The Underfundedmentalist

    ‘the quickest way to bring them down, would be for every American to go on Welfare’
    the whole global monetary system is on welfare, which was the plan from the getgo, the wellfared will control the illfared,
    farewell!

  67. A very happy new year Stacy, Max and crew.

    You’ve been required viewing and listening through 2009, I look forward to your 2010 broadcasts!

    DavidC

  68. Dack style quality shoes will never be out of fashion. jeans that last 2 hard years won’t either. lets get going in 2010. maybe we can. learn how to cook. doh

  69. there’s a lot of shit coming down the pipe but let the ideas keep going in 2010.

  70. @William. the quickest way to bring them down is go to work. make things people need locally. fuck the trucking. the world will still be here tomorrow. get busy. make your own 2010

  71. William of the North

    Happy New Year Stacey, Max, and Everyone!

    This way toward Equality- http://mises.org/daily/3944
    (I don’t want to be equal)

    @ronron, the quickest way to bring them down, would be for every American to go on Welfare. (Equality. Apparently the country is 50% of the way there already)

    Then let’s see how long this whole scheme would last. (I mentioned I don’t want to be equal didn’t I)

  72. @OP. my sons in queensland. if you see him say hi. canada is cold as hell.

  73. @FrankHope. are you bob sinatra”s brother.

  74. @DanialS. it will mean nothing as the small banks will have so much money they will have to deposit it on the big hard drive. catch 22.

  75. i would just like to say for the new year good luck all. i have lived in 4 downturns. they were never explained or was there any real time media about this subject. this insanity could go on for years. i like to know the truth, but never bet on it.

  76. What will it mean short term if say 4 million Americans move their money from big banks to smaller banks during the next month? Might some of them worry about system risks and move their money as cash instead of through bank drafts, Electronic Fund Transfers, etc? Then they might buy some gold, or hold on to some more cash than usual, rather than redepositing it all. Considering the leverage in the system, how much cash withdrawn during a short period could the system handle? I wonder..

    So far this move your money thing looks like it’s avoiding the usual race and partisan pitfalls. Maybe Americans will actually do it. Thankfully bankers haven’t figured out a way to make banking addictive.

  77. Mike/Liverpool

    MEP
    Can’t the girls simply “Work the street” a bit?
    Rather than going to the food bank?

    Mike

  78. @Ronron, bloody sun, birds & frogs wake you up real early, bet you would love 30 mins of our heat though, we had 300mm rain in 9 hours but still 30C…

  79. The Underfundedmentalist

    @ronron
    Amazing isn’t it! Total US mortgage debt combined with total US personal credit card debt adds up to 12 trillion US$, and as far as anyone can tell the banks have been guaranteed 25-30 trillion, and not a penny of tax payer money has gone to the tax payers’ debt. So what exactly did the tax payers pay for?
    Apparently to prop up the too big to fail banks, so the banks could go on ‘servicing’ your mortgage, not pay it off.

  80. I just hope most of us survive 2010. Alot could go wrong this year. HOpe human kind comes to its senses and mellows out and learns to live peacefully with one another.

  81. it’s rebroadcast at 4am GMT.

  82. HAPPY NEW YEAR! THERE WILL BE BLOOD!

  83. @OP. your up early mate, happy new year.

  84. Hope everyone has a prosperous 2010 from Ozzie Pete in Far Nth Queensland

  85. @Underfunded. not only did the banks get bailed out for the bad mortgage, they still own the fucking houses. double fucking dipping. you can’t make this shit up. not into sex slaves but wouldn’t mind a love goddess.

  86. @Mep. sad. and there paying for a shit US education. garbage education for twice the price.

  87. The Underfundedmentalist

    @ Dave D
    Cooridinated default is exactly what the bankers pulled off. Their debts became our tax burden, for the people to default now we must engage in a coordinated tax strike, this becomes difficult to sell as we become more dependant on state welfare, not to mention that it would be considered an act of terror.
    @ ronron
    It would be nice to recipricate the public service these carpetbaggers have doled out to us all these years,
    sort of a sex-slave revolt!

  88. i wonder if bonn passed out or fell asleep .LOL

  89. @Ptah. i’m sure max and stacy have had offers to tell the people bullshit. they won’t, but they have to tone it down at some venues.

  90. @Ptah. i noticed that. shuffling sideways. i didn’t want to say anything. max is under a lot of pressure. the MSM would love to own him.

  91. Yep, was a good show :)

  92. @Paganrongs. calm down it will be posted on utube soon.

  93. No! NO! I only managed to catch the last 5minutes and iplayer is now saying I cant replay it. Help! Disaster!

  94. Just listened to the show live.

    Congrats, I have waited a long time for Max to get a decent spot on the MSM in the UK. I am so pleased it has finally happened.

    Of course the only downside is that on listening I couldn’t help but sense the ‘walking in mud’ phenomena one often gets when dealing with MSM. Ah, such a classic paradox.

    happy new year all….

  95. @Underfunded. I’d do them both. 20 years ago.

  96. @StacyHerbert. first time i’ve heard simon says on the news.LOL. let’s pull a big condom over London, Washington and the Vatican.

  97. The Underfundedmentalist

    I’ll take some of that central banker ass anyday!
    Fear still outweighs hunger, when this changes
    things will change.

  98. David Dureault

    Excuse me.
    I’m a pretty simple guy, I never played any of the bullshit games most people have been all caught up in. I saw know value in it from an early age.
    Anyway Why doesn’t everybody just default.
    That totally screws the system, that they think they have control over. If they want to demonstrate disrespect towards us, send it right back. Stop and trade with each other we can figure it out very quickly.

    The banks hold the debt, but the debtors have the clout.
    Happy New Year

  99. The Underfundedmentalist

    The peeps are losing confidence in the con game?

  100. hi guys and gals!
    Could someone in the UK tell me radio 5 frequency?

  101. @CalDoc -I can’t post a podcast til tomorrow as I am at a dinner party . . . hope you are all enjoying . . . ?

  102. California Doctor

    Will someone please put a PodCast or mp3 of this remarkable discussion up on the net?

    I’m between my duties at work and can not continue listening.

    This thing is great!

  103. I’m wondering if Max is listening to the BBC Radio 5 broadcast now, and if the show Max is doing is uh, live? Cuz listening to this is messing me up, lol. Hard to follow a whirlwind of BS like this. First the Obama preacher/used car sales pitching, then Carter casting disliking this liar as racist, (reminds me of Israel’s critics being called antisemitic), and now Micheal Jackson and his death? Oy.

  104. Stacy, I know, it’s contagious! lol

  105. @Daniel S – YES!!!!! I feel a bit nervous/excited . . . .

  106. One hour to show time.. I think.. I guess.

  107. Move Your Money

    This video is going viral very quickly. Saw it linked on Catherine Austin Fitts Solari website first.

    http://www.youtube.com/watch?v=Icqrx0OimSs&feature=player_embedded

    It goes along ideas similar to Max’s except instead of buying gold, suggests people move their money from the banks that rob them and place it in community banks that are actually lending. Encroaching on 100k views since it’s posting on Dec 29th, this year.

  108. LOL people here gone mad its 12
    all fire cracker’s n stuff

  109. Cheerio Ya’ll Jolly Ol Chaps, A toast on thy Peasants Hic…Hicup ;) (high female cheerio giggle) http://img.photobucket.com/albums/v393/youricarma/Miscellaneous/XM03_Blackadder.jpg

  110. Probably the easiest way for anyone to figure it out would be to just listen to the live show for 15 minutes or so until they announce the time.

  111. GATA Sues Fed, Demands Disclosure Of Gold Market Intervention Records 31 December 2009 (Zero Hedge) http://tinyurl.com/yb6qv3s

    “How much imaginary gold has been sold?” http://tinyurl.com/yck3leb

    Essential Info about the COMEX: Gold, the Comex and Exchange For Physical http://tinyurl.com/yzwssju

    Gold Hit With a Bear Raid Yesterday – Memories of Citi’s Eurobond Price Manipulation http://tinyurl.com/ybj5p9c

  112. I think the showtime is Daylight Savings Time adjusted, so if you’re under daylight savings time where you’re listening, they’ll cancel each other out.

    The broadcast right now is 7 hours out from my MDT time (which is Mountain Standard Time with Daylight Savings Time in effect). If the showtime were actually UTC or GMT then it would be a 6 hour difference.

    So anyways, looks like 1pm MDT (Mountain Standard Time) for me to listen.

    Hopefully this helps more than it confuses.. Cursed be Daylight Savings Time!

  113. @Max

    8 pm GMT……what time is that in Penticton?

  114. Recap: Economic Forecast 11 Januari 2009

    by Youri Carma

    Well the proven monetary cycle I know about is, Printing Press – Inflation assured in three years.

    To many treasury bonds will make the milk watery in value and a two trillion deficit reached easily doesn’t help the leverage either.

    Foreigners can not longer lend cause they are getting into financial dangerous waters themselves now.

    The problem now is on the demand side where credit is dry.

    A devaluation war is eminent.

    (END)

    Think I am still on par serious Inflation at the end of 2011. Beginning 2012.

  115. 2009: The Year Wall Street Bounced Back and Main Street Got Shafted 28 December 2009 (The Huffington Post) http://tinyurl.com/yangxuq

  116. @Phil
    Prost!

  117. Just opened me bottle of Scotch Whisky Happy Nu EAR
    Everyone and Nu everythin xcept nu debts
    Hic ;-)
    Its 10:10 pm here

  118. Happy New Year Max & Stacy and all commenters

  119. Fizzy coca drink to excite Bolivia in 2010 – Coca Colla
    http://en.rian.ru/world/20091231/157432506.html

    …United Nations included coca leaves in its list of dangerous drugs in 1961. However, Andes aborigines insist coca in its natural state is not a drug and even has healing properties. The plant is used in traditional medicine and during religious ceremonies. It is also a basic component for producing tea, wine, beer and flour….
    ;-)

  120. “Guten Rutsch” = Have a good slide …. into the New Year
    ;-)

  121. Happy New Year Folks!

  122. Happy Next Bubbles but may it be Champagne this time…… ;)

    French Ring in 2010 With Deepest Champagne Discounts in Decade 30 December (Bloomberg) http://tinyurl.com/yedtdr9

    Happy New Year Folks!

  123. Morgan Stanley 2010 forecast, for the deflationists:
    “…we think that sovereign risk and inflation risk will be a major theme for markets in 2010. The current issues surrounding Greece’s fiscal problems are only a taste of things to come in many other advanced (note: not emerging) economies, in our view. We note that fiscal policy looks set to remain expansionary in all major economies next year, as it arguably should be, given the ‘triple B’ recovery which still requires support. However, markets are likely to increasingly worry about longer-term fiscal sustainability, and rightly so. Importantly, the issue is not really about potential sovereign defaults in advanced economies. These are extremely unlikely, for a simple reason: most of the government debt outstanding in advanced economies is in domestic currency, and in the (unlikely) case that governments cannot fund debt service payments through new debt issuance, tax increases or asset sales, they can instruct their central bank to print whatever is needed (call it quantitative easing). Thus, in the last analysis, sovereign risk translates into inflation risk rather than outright default risk. We expect markets to increasingly focus on these risks in the year ahead, pushing inflation premia and thus bond yields significantly higher. Put differently, the next crisis is likely to be a crisis of confidence in governments’ and central banks’ ability to shoulder the rising public sector debt burden without creating inflation…the rising rate scenario may unfold sooner rather than later…” – Morgan Stanley. Dec 2009

  124. Hey Mike, weird… its only 3.25pm in London :)

  125. Mike/Liverpool

    Not yet……………Only 3.30 pm here in Liverpool

  126. Happy New Year Yall