[KR09] Keiser Report – Markets! Finance! Scandal!

Stacy Summary:  With Janet Tavakoli.  (Will post Youtube version when available).

Share this page via FacebookShare this page via Twitter
Buy Gold Online

317 Responses to [KR09] Keiser Report – Markets! Finance! Scandal!

  1. Alright. Twice a week! Party time baby!!

  2. This will do me now – just woke up at 2.30 on my day off!

  3. Man I could access all other sites
    Google wikepedia

    I wonder if it was beta testing phase
    And I noticed the same shit happen 3 weeks ago
    I could access Gmail yahoo
    Facebook was also down could’nt access it
    Dunno If the server was rebooting
    But Google was working all the time
    Hic ;-)

  4. Nice, congrats on getting a second show!

  5. Test, link isn’t posting.

  6. @Bonn – try visualroute dot visualware dot com to see what’s going on.

  7. Here’s another one:

    www dot visualroute dot com

  8. If i go missing for a week or 2 months
    @ Stacey send me a mail
    ROFL
    lol
    @ Will do it tommorow
    Me of to the Bar now
    Hic ;-) but thanks

  9. We don’t need more evidence and excuses!

    CALL CONGRESS AND DEMAND THAT GOLDMAN SUCKS AND JP MORGAN BE SHUT DOWN IMMEDIATELY!!!!!

  10. @MikeLiverPool – Gold lease rates just went positive – they had been paying you to take it away.

    http://www.kitco.com/charts/popup/au0030lr.html

  11. Phil /Germany

    Geithner’s defense ( for keeping AIG secrets secret ) will probably be that the positions held by GS, JPM and the other big (bullion) Banksters are so interconnected ( through AIG ) that if the secrets came out ( as they should have at EOY2007 ), then the whole ponzi FRS system would collapse overnight.

    There is clearyl no other plausible explanation. So … this means that the system is ALREADY BK and has been for over 2 years IMO.

    All of the new (& now old) TARP/HARP/TALF/HALF/HEMP/… PIMP etc. instruments are purely more of the vacuous crap to keep the game going.

    BTW … Thx , Nice show … nice ladies !

  12. http://www.howstuffworks.com/router.htm/printable
    Hic ;-)
    There is no reason why i should have been able to access Google and yahoo and not infowars or maxkeiser dot com
    I studied 4 years of this crap
    Hic ;-)

  13. Phil /Germany

    GeeWhiz …. Janet @ 21/22 minutes …. nice !

    Finally … I spelled this out PLAINLY over 2 years ago.

    ( that GS stated in their SEC Q-fiancial reports that they made big profits by going short on real estate )
    I mean, if I could spot it then , why is this being discussed openly ONLY NOW !?!

    Still, I suppose maybe now they’ll at least listen to Janet !
    Well done !

  14. @Phil – the US is just catching up – They don’t have Autobahns with no speed limit, neither Hirnbahns so it takes a while longer.

  15. A heads up
    Charlie Brooker’s Newswipe is back tonight on BBC4 10.30PM with Doug Stanhope reporting from the US.

    Greenwald is worth reading today for a clear shining example of the Villagers mentality care of David Brooks
    “We’re entering an era of the educated establishment, in which government acts to create a stable — and often oligarchic — framework for capitalist endeavor.”
    http://tinyurl.com/ybxffmu

  16. M@Liverpool

    What UKP collapse?

    This condition is not true as I write:

    1 NZD = 1 GBP

    or even

    1 AUD = 1 GBP

  17. Disposable worker; the real american dream. Bet you it’s the same thing in in Great Brownia ? USA number one ! Thank you bastards from Washington and Goldman Sachs.

  18. Please, for the love of custard! Why do folks call them Body Scanners, they’re Strip Search Machines! We really are living in Orwell-land.

  19. Polonium works real on an investment bankster. Invite them all to a new year’s dinner and make eat the cockroaches some polonium. Real quick to solve your problems with bugs and rodents.

  20. Semi permanent interns

    Sounds like something Bill Clinton made up

  21. At Goldman Sachs we are in reality in the toxic waste business. Quite clear. You sell the american dream fo stupid foreigners (like Iceland ?, for sure), who eat the garbadge thinking it’s triple A etc….. It’s american. It’s from New-York, It’s magic.
    You take a scrumpcious commission on what equates to radioactive waste from the US banking system and if everything fails you dump the shit on the taxpayer’s shoulders. These people should be courtmarshalled and put away for good. Slave state operated by plantation bosses from Goldman Satan Sachs. What a great business model.

  22. she’ll be 50 dollar fines all around. and no more chinanigans. fraud = fucking chinanigans.

  23. This is one job Disposable Workers can do for entertaining their Un-Disposable Lords i.e. get TASERED

    http://www.youtube.com/watch?v=L8Dp8jg9BJI&feature=related

    I Thought only we in India have asshole Policemen but not America to is in the race.

  24. As for crossing the Rubicon..

    We now have street parking meters that cost much more than minimum wage…

    We could get rid of all the meters and pay each worker to stand curbside and watch a single car.

  25. @Amandip Singh …. TASERED

    http://www.youtube.com/watch?v=L8Dp8jg9BJI&feature=related

    What’s even worse, have you read some of those comments ?
    People saying it’s her own fault.
    Only in America … sick !

  26. California Doctor

    The United States / California is too busy writing more parking tickets for street sweepers, driving tickets on the FREE-ways, and then complain that there’s too much traffic and too much smog.

    The California debacle is just starting. These idiots think that writing parking tickets will wring more money out of an over-tapped and nearly extinct middle class.

    @ STACY – Darrell Issa –

    The guy’s name is pronounced “Eye-Sah”. Issa was the guy who spent hundreds of thousands of his money to get rid of Gray Davis. Issa donated that money to recall Gov. Davis around 2002. So, Issa is about as Republican as they come. With the politically agnostic point of view of this blog, know that history about Issa. He’s about as partisan as they come.

    You can’t separate Issa’s work on Geithner from his district’s history also. I believe Countrywide was based in or near Issa’s district. He may have also been a “Friend of Angelo” like Dodd.

  27. Good to hear some talk about Synthetic CDO I asked about that some time ago. Informative show thanks. It is not easy to get a tiny loose grip on this stuff but at least I’m trying.

    Hoping the subject of Option ARMs (adjustable rate mortgage) can be discussed in the future as well? The thin ice could start cracking late this year or next year and it has the potential to be bigger than the subprime.
    ___
    and now to something completely different; British travellers ‘to pay’ for entry to the US http://www.telegraph.co.uk/travel/travelnews/6995109/British-travellers-to-pay-for-entry-to-the-US.html (It applies to all 35 countries that enjoy visa waiver status)

  28. @ Phil \ G People saying it’s her own fault.

    Ya that’s true its sick, actually its the level of mental degradation population go through. Instead of standing against injustice and tyranny they start blaming themselves for the abusive behavior of their masters. Our Masters abuse us cause we did something wrong.

    Its always a big challenge to turn this kind of thinking around.

  29. Remember that $2.3 trillion went missing when an Israeli was in charge of finances at the Pentagon, his name is Dov Zakheim.

    So surely they *can* repay the $60 billion, with the other money they probably stole from us.

  30. California Doctor

    @ Janet Tavakoli -
    @ STACY

    Thank you for your comments which are cogent, rational, and well-communicated.

    Your analysis of the financial circumstances and effect can also be correlated to healthcare.

    I have reached the conclusion that the medical budgets in California are being routed out of the United States through various “insurance” vehicles. These vehicles are sending US tax dollars through various public non-profit, private-non-profit, and private for-profit corporations.

    These funds, flushed through hospitals or medical groups, ends up in off-shore bank accounts and “investments”.

    These money schemes are apparently off-the-table for federal or state investigators, but are linked directly to the derivatives.

    The same mentality that created the CDO is the mentality that created the HMO and the feudalistic approach to healthcare that is tied to HMO medicine.

  31. Mike/Liverpool

    Will
    We will see, but the fucking £ won’t die!
    Mike

  32. Ireland is apparently getting its own ‘investigation’ into the ‘banking crisis’. Screw that, just give @david 15mins up in the Dáil and he’ll tell ya waht went ‘wrong’. Save us alot of money and bullshit throwing.

    http://www.irishtimes.com/newspaper/breaking/2010/0119/breaking5.htm

    Oh, can someone tell me how Pandit ‘The Bandit’ didn’t manage to appear at this ‘investigation’ showtrial?

  33. Israel should pay the $60 billion in pre-emptive war reparations.

    Just take the money and divide it by the number of nuclear warheads they possess. Assign that amount to the most likely target of each warhead. Then figure out who is going to die, and pay them their share of the offending warhead’s assigned value.

    It should come with a nice note too.

  34. @Mike .. here’s one for you on GBP devaluation

    Yes Prime Minister – S01E06 – A Victory for Democracy – Part 1
    http://www.youtube.com/watch?v=bpUD7ZRTx4s

    ;-)

  35. Goldman Takes A Stab At Gold Bugs And ‘Oil-Peak’ers, Says Dollar Will Flourish
    (zero hedge) http://tinyurl.com/ycgvvsv

    After the Stimulus Binge, a Debt Hangover
    http://tinyurl.com/yd5o6xd

    Housing Bubble Comparison: US, UK, Canada, Spain, Australia, Japan
    (Mish) http://tinyurl.com/ye5b46l

    *********
    Haiti: UN Chief Calls for More Troops as Looting Rises (h/t @snoot)
    http://tinyurl.com/yc3g446

    ******
    In France, It May Become Illegal to Call Your Spouse Fat
    http://tinyurl.com/ydqtkv6

  36. @Mike, Phil – Banksters advise dumping gold. (They’ll be happy to buy if from you!)

    http://www.businessinsider.com/credit-suisse-theres-a-huge-gold-oversupply-time-to-sell-2010-1

  37. @Mike/Liverpool – fornicating £ won’t die!

    Yes, the pound is having a go at it, but sometimes it takes a long time for the viagra to wear off…pretty soon it will be the euro’s turn again when they cut Greece free:

    http://www.adrants.com/images/eurodollar.jpg

  38. Timothy Geithner

    After Neal and I, Max and Stacy would have to be the hardest working couple in show business.

  39. Another Great Show.

    Thank you :D

    I liked the chart, but median household income is filtering out those who don’t have a household, and if people are also packing into fewer households to compensate for less income as individuals, it’s hiding that too.

    If it were an inflation-indexed chart relating median personal (not household) income including the houseless, versus Wall Street bonuses, then it would better show that these bonuses are commission checks cut on the profits made impoverishing Americans.

    Anyways…

  40. @Will … Banksters advise dumping gold.

    Nice presentation, Thx !
    … also quite funny ( Credit Suisse ) !
    ;-)

    @Amandip Singh … … Its always a big challenge to turn this kind of thinking around.

    Yes , especially as the Govt. will always find enough moroon goons to do it’s bidding … and I also think that such behaviour is fairly typical of the “MSM-cultivated” ( brainwashed) muscle-bound, trigger-happy MSM-patriot types … or something like that !
    ;-)

  41. @Scott … ECB prepares legal ground for euro rupture as Greek crisis escalates

    http://www.telegraph.co.uk/finance/comment/7012297/ECB-prepares-legal-ground-for-euro-rupture-as-Greek-crisis-escalates.html

    No wonder the Euro is falling versus USD and GBP.
    …probably not for long though .. race to the bottom !

  42. I thought this might be a good quote for Stacy, since it appears she is quite out of touch with regards to the Tea Partiers.

    From the San Francisco Chronicle:

    But [San Francisco Mayor Gavin] Newsom said the Republican resurgence in Massachusetts suggests “there’s real intensity and fervor out there, as represented by the Tea Party” activists expressing anger at government spending and at job losses.

    “This is real,” he said. “At our own peril, we dismiss these tea parties as … some sort of isolated extremism. … It’s not.”

    http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/01/19/MNU81BJRM1.DTL

  43. Iceland should stay out of Europe. And Ireland is next.

  44. @Tony

    I agree too much Huffpo propaganda, the teaparty people have been smeared by the left, but thats their MO

    Here is a story that surprized me, chlorine in chickens

    Putin Says Chlorine in Chickens Unsafe
    by Dan Flynn | Jan 16, 2010
    Getting another American chicken into Russia just got harder.

    Prime Minister Vladimir Putin weighed into the Russian ban on U.S. chicken imports.

    http://www.foodpoisonjournal.com/fsncache/

  45. There is something about Janet !
    Well done ! lol

  46. Man died after watching Avatar – doctor

    http://www.news.com.au/entertainment/movies/man-died-after-watching-avatar/story-e6frfmvr-1225821333043

    Russia says population up for first year since 1995

    http://in.reuters.com/article/lifestyleMolt/idINTRE60I2KM20100119

    Breaking.. Movie avatar to be widely released in Russia, all citizens required to watch.

  47. Trust me peeps its so easy to block 50 peeps from not so MSM
    After all only 50 of em aint falling for greedyness
    Really worried

  48. around 15:00 when Janet talks about the implausibility that these bankers didn’t know they were selling AAA rated toxic waste, the name ANDY FASTOW came to my mind. It makes perfect sense that this entire catastrophe with credit derivatives was inspired by the CFO of Enron, Andy Fastow. This guy taught GS, MS, CS etc. how to turn shit into gold.

  49. What was the impact to the real productive economy from OTC Derivatives which started 1980, The peak of “stated” inflation and real wages in America.

    Did they merely provide a vehicle to siphon wealth from the real economy and mask the effects of monetary expansion.

    IMO, without those OTC derivatives inflation would have been massive and hyperinflation would have already arrived accompanied by the $ collapse.

    The derivatives acted as an alternative currency….

  50. The bankers knew, the Fed knew, the idiot politicians were to stupid to understand anything.

    The Brooksley Born episode demonstrates the collusion and corruption.

  51. Brooksley Born, The Warning

    For anyone that hasn’t seen it..a must see

    http://www.pbs.org/wgbh/pages/frontline/warning/view/

  52. @ WL, It’s actually a problem in the brain as to how it processes visual information. I know because I have the same problem from brain damage. I can get nausea that comes and goes in a series of long waves, lasting say an hour each wave, for up to several days after just taking a couple bus rides. I don’t believe it is over excitement as the article suggested as probable. In fact I feel like puking right now because I took the bus yesterday.

    It can be triggered from visual movement, flashing light, bright light, etc. And at the beginning of the showing, before the actual film, if you have the glasses on, you get strobe-lighted by the images on screen.

    I suspect physical trauma to the brain as the main culprit, but sodium aluminum phosphate and other sources of aluminum poisoning, mercury, and antidepressants are on my suspects list too. Antidepressants/anxiolitics permanently alter the relationship between neurotransmitters and receptors.

    They’re going to cover this up due to a multitude of vested interests. I’m not sure how, but I’m sure they will. Maybe they can create a new illness out of it and sell more drugs to make people even sicker. Borderline Epilepsy. Take these.

  53. @WL Tony

    Even though I would never support a GOP candidate I kind of hope Dems lose the Mass race. Maybe it will get them to reconsider bad policy.

    Either way if GOP makes gains all you have to do is look at their candidates to know any resurgence of the GOP will be short lived. Just a bunch of big Biz elites and insiders.

  54. @Gordo

    With only a slight alteration your description of the GOP perfectly describes the Democratic Party, as well:

    Just a bunch of Wall Street elites and insiders.

  55. @Max and Stacy

    One of your best shows to date. Janet’s analogy of acceleration in a vacuum was a good one. A couple of years ago, I would have been one of those people who said the book will land first – financially speaking.

    Congrats on your continued success and thanks for another great show.

  56. Justget Itright

    European central banks turn up the heat on Greece

    http://www.telegraph.co.uk/finance/comment/7012297/ECB-prepares-legal-ground-for-euro-rupture-as-Greek-crisis-escalates.html

    The Greek people will turn bitter while feeling the heat of the olive oil. Higher unemployment, lower wages, gee this storyline is growing old.

    Jean-Claude Trichet will squeeze all the remaining fat out of the PIIGS

  57. Slowly, ohh so slowly,..
    THE IVY GREEN
    Charles Dickens

    Oh, a dainty plant is the Ivy green,
    That creepeth o’er ruins old!
    Of right choice food are his meals, I ween,
    In his cell so lone and cold.
    The wall must be crumbled, the stone decayed,
    To pleasure his dainty whim:
    And the mouldering dust that years have made
    Is a merry meal for him.
    Creeping where no life is seen,
    A rare old plant is the Ivy green.

    Fast he stealeth on, though he wears no wings,
    And a staunch old heart has he.
    How closely he twineth, how tight he clings
    To his friend the huge Oak Tree!
    And slyly he traileth along the ground,
    And his leaves he gently waves,
    As he joyously hugs and crawleth round
    The rich mould of dead men’s graves.
    Creeping where grim death hath been,
    A rare old plant is the Ivy green.

    Whole ages have fled and their works decayed,
    And nations have scattered been;
    But the stout old Ivy shall never fade,
    From its hale and hearty green.
    The brave old plant, in its lonely days,
    Shall fatten upon the past:
    For the stateliest building man can raise
    Is the Ivy’s food at last.
    Creeping on where time has been,
    A rare old plant is the Ivy green.

    http://en.wikipedia.org/wiki/Oligarchical_Collectivism

  58. @WL

    I’ve seen that episode with Brooksley Born. A couple of times my jaw hit the floor. With the perfect clarity of 20/20 hindsight, her reputation has been vindicated, her predictions verified, and the cockroaches (as Max would say) opposing her exposed for what they really are.

    Of course, media and government have a convenient memory and her warnings have long since been forgotten.

  59. Phil /Germany

    Gold Outlook for 2010
    Gold Resuming its Historical Monetary Role – as the Anti-Currency

    Keynote Speech Presented by Nick Barisheff at the Empire Club’s 16th
    Annual Investment Outlook Luncheon
    Thursday January 7, 2010

    “As Wall Street churns out new gold investment vehicles, people are starting to do the math. If it becomes apparent that financial institutions have sold more paper gold than actually exists in physical form, then the price of paper gold and physical gold could diverge.

    “This year, many analysts began to apply increased scrutiny to the gold and silver ETFs. In mid-July [2009], hedge fund giant Greenlight Capital announced they were moving assets out of the world’s largest gold ETF – SPDR Gold Shares – and into physical gold. Greenlight is an industry leader whose movements are carefully studied and often emulated. Although Greenlight’s manager, David Einhorn, claimed it was cheaper to own and store physical gold than it was to pay the ETF fees, the fact that a major, industry-leading fund would move to physical bullion * set off many alarm bells. *”
    - Nick Barisheff: CEO Bullion Management Group

    - End Quote -

    http://www.gold-eagle.com/editorials_08/lundeen011610.html

  60. In retrospect, it is funny that the criminals so easily walk away from their poor decisions and outright fraud, and then have the gall to get their panties in a bunch when homeowners decide to do something like walk away from their homes. They want homeowners to be “accountable” for the contracts they signed and “should have understood,” and also expect them to sit in their underwater homes and continue to make mortgage payments. We never hear corporate financial pundits talking about the “responsibility” of the banksters, credit rating agencies, or anyone else; they reserve their moralizing and tongue-lashing for fed up people walking away from their homes and/or refusing to pay on credit cards. We’ve all known that the law only applies to certain segments of the population. But now we learn that the “unsophisticated public” is expected to be more competent and accountable for all varieties of legal contracts than the sophisticated brokers, bankers, etc. Pshaw.

  61. Phil /Germany

    Bernanke Says Fed Would Welcome Review of AIG Aid by GAO

    http://www.youtube.com/watch?v=5PZea3ZlBbE&feature=sub

  62. Lets just say I’m buying all my brain dead relatives the book Janet Tavakoli wrote, IF its not a happy book on how to spend their pension and retirement money I don’t know if they’ll even want to read it. But at least I will have tried.

  63. Mike/Liverpool

    £ is going to be fine, inflation well in check:-
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aYcTbhJa2Qx0&pos=3

    Mike

  64. Boy! when I heard Bush say send me your ” cash” not ” food & water” and “we will help them Haitians” I said ” no way he is back!”
    This has to be a scam! This is ” bad bud blow” heading our way.
    I’m thinking H.A.R.P. After all that has happen this is a possibility!

  65. @Gordo

    The best hope is gridlock, I do not support the GOP nor the Dems, they are just two branches of the same MAFIA family scrapping for power, rented by the elites.

    @Daniel S

    You are correct, cause and effect does not work in isolation, many variables contribute to an outcome, most unknown. This is the problem with the human thought process. We really know very little.

    When you know a thing, to hold that you know it, and when you do not know a thing, to allow that you do not know it – this is knowledge.
    Confucius

    @Dan II

    Watching that Brooksley Born vid raises more questions about the creation and the true economic impact of those Derivatives, Were they created in response to the massive inflationary threat through the late 70′s? Who created them and controlled them?

    I suspect that the players could not allow them to be removed from the darkness as the financial system would collapse, They were purposely used to mask the effects of inflation and steal wealth form the real economy. a dark black hole fiat within a fiat that consumed resources and created malinvestment.

    This needs to be explored beyond what the video explains.

  66. @ jon – If they are borderline liberals, as you have implied, sounds like they could stand to read this. Perhaps then they’ll rethink their desire to live in happyland, and will take steps to come back to the land of reality. You won’t entice them by ridiculing them. You might do it by sharing a “liberal book” with them that outlines the pitfalls of the tyranny of positive thinking.

  67. Bravo, best piece of financial investigative journalism I’ve seen in three years of watching the MSM. Enforcement, remedy, prosecution were all mentioned. The MSM rarely utters references to regulation. It’s time for arrests and trials on a massive scale on Wall Street. Short Selling, Front Running and all the bogus derivatives need be exposed for the crimes they are. Remember, the first sign of a third world nation is the selective enforcement of it’s laws../

  68. @Mike/Liverpool. hold on tight.

  69. i remember the last time gold and the dollar rose at the same time.

  70. What does Geithner say? I am not a regulator or a Lawyer.

    WTF! The SOB is a Lawyer in the first place! He’s a regulator/weele dealer organizing all his Crony friends together.

    That’s why they’ve chosen him in the first place. Not for his economical skills which he doesn’t have!

  71. Congressman Ron Paul is calling for the impeachmend of President Barrack Obama over AIG scandal.

    It’s about time!

  72. Wow . . . Too Big To Fail Citigroup LOST $7.8 Billion in the 4th quarter! Better hurry up and pass out those record-high bonuses!

    http://www.huffingtonpost.com/2010/01/19/citigroup-earnings-bank-l_n_427892.html

  73. a fresh new dance floor.

  74. The Disposable Worker http://tinyurl.com/yevelyk

  75. @WL

    Fractional banking with fiat money is a ponzi scheme with exponential limitations. Someone described some of these derivatives as a “ponzi within a ponzi” (Max maybe?).

    I think derivatives where simply a method to extend the game a little longer and suck up wealth a little faster so that those inside the circle of entitlement can position themselves before the excrement hits the air moving device.

    IMHO

  76. @ Gordo – You’ll enjoy this Jon Stewart clip about the Mass. race.

  77. 1 in 5 Working-Age American Men Don’t Have A Job 8 January 2010 (The Huffington Post) http://tinyurl.com/ybx8luv

    Banks Set for Record Pay – Top Firms on Pace to Award $145 Billion for 2009, Up 18%, WSJ Study Finds http://tinyurl.com/ydjvpwt

    JPMorgan investment bankers to see record payday http://tinyurl.com/yzews2n

  78. Bank of America Expects Record Bonuses for Some Staff 8 January 2010 (Bloomberg) http://tinyurl.com/yaadgum

    London’s Investment Banks Double Pay to Lure Back City Talent 8

    January 2010 (Bloomberg) http://tinyurl.com/yccswuj
    Bonus time as banks pay out £40bn http://tinyurl.com/yln3l7q

  79. Fun fact: Apparently Holland has been the world’s prime cocain manufacturer between 1878 and 1928. On initiative of the dutch bank and with the notable opening of four dutch cocain factories in 1900 Holland dominated the world market for thirty years. Coca leaves where shipped in from indonesia and high grade cocain left our ports. Production cost of cocain today is 0,006 Euro ct. per gram.

  80. Stupid me, I still don’t understand what a derivative is! (And her explanation was not helpful.) I got the distinct impression that this financial whiz wasn’t really bothered by the nature of the beast at all.

    But what I do understand is that a LOT of people are making a LOT of money NOT PRODUCING ANYTHING, while the rest of us, those that aren’t the first spenders of all this wonderful faux capital, get to pay more for everything we need.

    All that really needs to be understood is expressed in the following equation…..

    Debt-based money + fractional-reserve banking + federal government deficits + foreign interventionism = Destruction of America

  81. @Mother Earth

    Queen of England got rich selling the opium to the Chinese. That’s why you always see a connection between the street mafia and the Queen(s) houses.

  82. in the nurses office with their balls glued to their thighs . . . :p Fun link Mep.

  83. Wauw! That was a real Bridge Max ahahaha! from sex robots to Janet Tavikoli ahaha! ;)

    Janet Tavakoli – Special http://tinyurl.com/yz49m7v

  84. @Dan II

    Yes, I used that term a few times, maybe Max too.

    The point is that Tavikoli, Max and others talk about the symptoms of the Derivatives (Did they know…etc) and there is no real exploration behind their creation and intent.

    Essentially, as the US$ began to hyper inflate, these things were created by investment banks to extort and extend the ponzi game. This actually enabled the Banksters to take on the role of the Fed using derivatives. Completely in the dark, unregulated. The fed supported this as they are just tools of the Banks. Brooksley Born was an outsider that had to be smeared and marginalized. She got the job because she was friends with Hillary Clinton and not one of the insiders.

    Questions above my pay grade

    What would the value of gold be today without the creation of those derivatives?
    Did the creation of those derivatives make the Banks the defacto unregulated Central Bank? (That would explain the bailouts)
    What will they do in the future as the ponzi scheme is again failing? (SDRs, carbon credits)
    Is the global financial system really backed by derivatives? (This distorts and hides real inflation,, don’t tell Mish)

  85. FBI broke law for years in phone record searches http://tinyurl.com/yes37z7

  86. Mind-reading systems could change air security http://tinyurl.com/ylx88g8

  87. Phil /Germany

    Adrian Douglas: The ‘tiny’ gold market is actually the world’s biggest
    Submitted by cpowell on Mon, 2010-01-18 18:34. Section: Essays

    By Adrian Douglas
    Monday, January 18, 2010
    http://www.gata.org/node/8248

  88. Phil /Germany

    Jim Willie report – Huge demand for physical gold are coming from allocated gold accounts
    Posted by PRECIOUS-METAL-INVESTMENT 12:38

    http://gold-metal-investment.blogspot.com/2009/12/jim-willie-report-huge-demand-for.html

    Just posting the BUZZ around at the moment.
    Take it all with a pinch of salt please !

  89. Hand’s down Max and Janet at the top of their game. Five star show. Pour a stiff drink and get this vid to your more apathetic friends. Take it viral!

  90. @ Dan – Jon’s hilarious. I also enjoyed the part about keeping the bar on the ground so that dems can trip over it. On a more serious note, we really have to find a way to deal with the fiction that 60 votes is the new majority and that nothing can pass the Senate w/o 60 votes.

  91. Inflation spike is echo of recession
    http://tinyurl.com/y8qd56j

  92. @Mep

    Is the new 60 vote majority a strategy or an excuse? I haven’t figured that out yet. If it was a strategy, it was a losing strategy and will become an excuse.

    Personally, I wish there some way to break the strangle hold of our two party system. I’d rather that laws be derived from consensus and not along party lines. No one party should hold a majority.

  93. Maxes message is going mainstream, wasn’t the FT supposed to plaster over any accusations?

    http://www.ft.com/cms/s/0/d2424f46-0461-11df-8603-00144feabdc0.html

  94. @Mother Earth

    Could you please Include the title of the FT.com piece? Than we can google it and still read it.

  95. @Phil

    It seems that Willie-post (har har) was done pre gold over $1000..

  96. Found the title: “How the big banks rigged the market”

  97. @ME

    Could not read that link subscription needed

    here s another copy

    http://gata.org/node/8251/print

  98. @Youri

    How the big banks rigged the market by Philip Stephens

  99. @WL

    I don’t feel I should copy FT content to this site. It should be that you get a couple of free FT pageviews per month, maybe Youri knows what to do..

  100. @Mother Earth

    Well the reality is never black and white so also not on FT.com.

    You have the truth, half truths and lies. And this is not only on FT.com. Besides they have to write some true pieces or risk to lose the audience. Same with Bloomberg, MarketWatch , Glenn Beck etc….

  101. Give ‘em and inch and they take a mile…

    FBI ‘fabricated terror emergencies to get phone records’
    http://www.guardian.co.uk/world/2010/jan/19/fbi-terror-emergencies-phone-calls

    Early in the Bush regime I think it was, BBC Radio 4 broadcast short interviews with an American woman and a Jordanian man concerning the media in their countries. The Jordanian listed a few newspapers which he read, and stated the political inclinations of the publisher of each. The American thought that the government and newspapers had no reason to lie to the public because they had “freedom”.

    They’d never put in place anything like the PATRIOT act and then use it to spy on innocent people, so there’s no need to stop them.

  102. @Me

    I used up my 1 freebie, but article is here also for free

    http://gata.org/node/8251/print

  103. Justget Itright

    Bush/Clinton

    2 thugs have their filthy hands in Haiti http://www.wimp.com/clintonbush/

  104. @Mother Earth

    I try to avoid not freely accessible content as much as I can but if the information is good I will.

    You can google the title (that’s why I asked for it) and still read the whole piece or find a alternative website whit the article which is accessible….but often not there and difficult to find.

  105. @WL

    All good questions and multiple levels above my pay grade. I do have guesstimations on a couple of your questions tho:

    Gold much higher and fiat money probably collapsed by now. No fiat money system has ever survived long. Banks have leveraged far beyond the rules set by the Fed, so they have usurped some power. The global financial system is backed up by force of law and the point of a gun. Any attempt to return to honest money that has merit is swiftly dealt with. That doesn’t keep people from trying.

    In the future as fiat money collapses, people may be panning for gold to buy bread as were the Zimbabweans.

  106. @WL

    Well, they are as surprised as I am..

    @Youri

    I agree, I for one am not interested in any banker explaining what they did and why they did it, I just want them to (as ronron would say) hand over all their cash and fuck off..

  107. be cool to tallie up the @’ts every week and make them champ for the week on truth about comments.

  108. think partnerships would be a problem? hahaha

  109. they’d soon to be found out as sandbagers.

  110. @ronron

  111. frances snoot

    In the future as fiat money collapses, people may be panning for gold to buy bread as were the Zimbabweans.

    Fiat money system prices the gold. The dollar still supported gold when the Zimbabweans suffered their hyperinflation.

  112. @snoots

    wrong way round

    dollars are prices in gold

  113. @ME. those fuckers.

  114. hello snoot.

  115. frances snoot

    “dollars are prices in gold”

    By your faith to God’s mouth, WL.

  116. frances snoot

    heh, ronron

    WL has a quick draw.

  117. @Snoots

    The Sun is the Gold

    The planets are currencies

    and US$ is Uranus

  118. frances snoot

    The Sun is the Gold

    Better hope the sun gets a foot inside that sdr basket remix coming up this year. Else the sun can go fiddle with the dollar and the cow somewhere over the moon.

  119. Richard@lattitude30N

    @max & @ Sherbert: well, the plot thickens…the unwinding throughout the world’s financial markets is one thing but the numerous sovereign wealth funds and sovereign governments is another…slowly but ever so slowly the ratings for so many governments must be lowered to a rating that is untenable…go with the Coca Cola boycott….haven’t had one in decades

  120. IMF Head Warns of Threats to Recovery, Stimulus Still Needed http://tinyurl.com/y8hnmdq

  121. @Snoot. think that’s in the bag.

  122. frances snoot

    “Our forecast at the IMF is not a forecast of a double dip. But you never know. It may happen and especially if countries exit too early. If they exit too early and we have a new downturn in growth, then really I don’t know what we can do. A lot of our toolkit in terms of fiscal and monetary policy has been used. If we fall back into negative territory for growth it will be very, very difficult to solve the problem, So, our advice is to be very careful,” the Managing Director cautioned.

    The IMF is running the finance at member countries through the FSAP and the finance ministers (aka imf employees): what a crock of sh*t.

    Big contraction coming: many moons.

  123. frances snoot

    @Snoot. think that’s in the bag.

    What bag? The horse is eating out of a bag put onto it’s snoot by the IMF bank. You think they want anyone else to touch their ill-gotten future gains?

  124. frances snoot

    Nice link, Youri!

  125. @Snoots

    They can hide the Sun for period of time, but it has a nasty habit of rising on its own…especially when they trying to herd cats.

  126. @Snoot. lotta smart money in physical. just saying.

  127. @Snoot

    My draw is slow, but even slower now as I’m also in another forum. Maybe I misunderstand your position. Do you believe if the value of the dollar goes to zero, that the value of gold will go to zero as well?

  128. @Phil – Willie gold run article

    I looked around and read various duplicates of that post, and found this comment:

    All I want for Christmas is a bushel basket of whatever that guy’s been smoking…

    Unfortunately I had food in my mouth when I read it!

  129. frances snoot

    the dollar goes to zero

    arghh

    Dollar can’t ‘go to zero’. Zero not a value. Zero a nominative indicator. Gold not a currency. IMF using gold to support sdr liquidity aka ensured future colonization of the peoples via deprivation and nicey-nicey words. Gold is not a star. Gold is priced within a system of valuation which is soon to be replaced. End of transmission from snoots.

  130. frances snoot

    smart money

    Smart money is never stationary.

  131. frances snoot

    especially when they trying to herd cats

    LOL.

    I’d rather try to hide the sun than herd cats, WL. I think they are planning on killing the cats, though.

  132. @Snoot. i don’t want to talk about fucking gold. you should stay for a minute. other peeps to hear. not me.

  133. Snoot
    I get it! I getit!
    There won’t be enough liquidity to go around for us serfs because all liquidity will be controlled by IMF. If we want to trade with each other there will not be enough money to do it with whether it be gold or fiat paper. All trade freezes and starvation ensues.
    Am i right?

  134. @Marietta. snoot left. hahaha hope not.

  135. first the dollar will march home.

  136. IMF provides loans to Haïti, demands freezing wages

    More IMF “Economic Medicine” Is Not the Solution Vid
    http://www.youtube.com/watch?v=9Ej-HeSgFJk

    Banked Into Submission Vid
    http://www.youtube.com/watch?v=k_3K1PCZHE0

    IMF same exact four-step program http://tinyurl.com/5rdqkl

    1 Privatization ‘Briberization.’
    2 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.
    3 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas
    4 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”

  137. Long time lurker, I had to comment. I think this was one of your best episodes. This interview was one of the best ive seen.

  138. The American Sucker

    http://www.youtube.com/watch?v=y25Ipjfc0qI&feature=player_embedded

    Anybody remember Mike Connell, the tech genius behind the 2004 Ohio election fraud that gave Bush the White House?

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

  139. @ronron
    Did you get her point? She is saying liquidity will be used as a financial weapon by IMF to control populations. We will be bartering with each other like they did during the dark ages if we don’t go along with what they want in exchange for the liquidity.
    At least I think that’s what she meant.

  140. That should make you ascared

  141. My answer to the Keiser Question: No, Israel should not give the money back. Instead, Spain and whatever other countries are not completely in bed with the US should use the international courts to go after the US for breaking international laws.

  142. arrrggggg

    Snoot. Goes to zero is a mathematical expression. Or as the value approaches zero if you like. I never said it equals zero. Please don’t argue semantics.

    Anyway, you side stepped the question. As the dollar’s value gets very close to zero, will gold’s value get very close to zero? Don’t wiggle away. I’m trying to understand.

  143. @Marietta. better ask snoot. she taught me stuff but i’m not about to explain snoot.

  144. of coarse i’m ascared. i’ve had 58 good years. worry about young peeps.

  145. Snoot. Nevermind.

  146. frances snoot

    @Marietta:
    I don’t know if I ‘get it’. I have a perspective which may or may not be proven in the end to have any validity.

    The starvation part I agree with. I assume that was the reason for the article that Youri linked: “Well, we wash our hands of the end results” type thing.

    Organized domestic trade won’t be happening if the currency is useless: that won’t happen till they revalue the sdr. Trade globally is already under the IMF/BIS/UN umbrella. (Remember IMF/BIS unit of account is the sdr) The system is being tested for air pockets (I assume that was the WHO pandemic Ukraine scenerio: funny how Russia got the deed for the European gas-lines.)

    There most probably will be war. The situation in Haiti is not humanitarian. The people behind Rwanda and Kosovo are now about eviscerating the peoples.

    We still have some time. I wonder if the scare stories (pole shift, climate change, hyperinflation, planet x) are all a way to distract attention from the real criminal action: the definitive fruition of the Bretton Woods ideal and consolidation of title to power indicated by the founders.

  147. your prospective will be proven in the end. hope were still talking for some years.

  148. @frances
    So once domestic trade is at a stand still, IMF swoops in with liquidity with heavy restrictions attached. Like telling the Hatians, here’s a loan only if you freeze wages (as Youri linked to)

  149. Proposed Web video restrictions cause outrage in Italy
    http://www.thestandard.com/news/2010/01/15/proposed-web-video-restrictions-cause-outrage-italy?page=0%2C0
    http://www.bloomberg.com/apps/news?pid=20601085&sid=a97hE4wgbWF4
    “…New rules to be introduced by government decree will require people who upload videos onto the Internet to obtain authorization from the Communications Ministry similar to that required by television broadcasters, drastically reducing freedom to communicate over the Web, opposition lawmakers have warned…”

  150. @ronron
    there won’t be any computers to “talk” with if that secenario plays out. or phones for that matter

  151. Phil /Germany

    @Palantíri .. Italy

    Yes, I posted that yesterday … it’ll be interesting to see if they push it through despite public opinion/opposition.

  152. but when the dollars come marching home. she’s war. big time.

  153. @Marietta. could be tomorrow. could be in 18 years. one day at a time.

  154. Phil /Germany

    FWIW .. anyone following that Tornado warning in LA ?

    A few people have said they had 1 year of rain in a few hours !

    PS: Gold about to break 800 Euro !
    797.71 Euros / Ounce

  155. @ronron
    yeah, i know that but her point was explaining WHY gold won’t help any of us

  156. frances snoot

    @Dan2:
    We need to start seeing things in the way they are represented by real events.

    The system under which the dollar finds value is an international system. The BIS controls this system through the function of the central banks in member states. The IMF is the conduit for finance decision. The currency controllers manage the regulatory agencies.

    The system is rife with criminal fraud and function. The US is not the lone predator.

    What I meant by the dollar and ‘going to zero’ is that resistance is found within the system according to the inherent ties of the dollar to the pound, the euro, the yen, the krona, and the loonie. The EU, as master of the moment, will not tolerate a dollar that inflates as it is not advantageous to their export market facilitating an increase in euro value.

    The international financial masters are now working on a system without those flaws. The new system will not be dependent on currencies which ‘muck up those profits’ for the insider nations with ties to the BIS/EU. The new system will provide advantage en perpetua for those with ties to the BIS. It is being maneuvered into place through ‘humanitarian debt Jubilee’ (dollar debt being restructured in favor of sdr) and sdr allotments.

    The question of dollar ‘value’ is a mute in this new system. One is connected or not.

    If the G20 power controls the resources, the water, the food production and distribution; if the G20 system of governance is consolidated with little or no accountability; if the IMF/BIS remains in control, then what use is gold to you or I, Dan2?

  157. When and if the value of the dollar goes to zero, I will be happy to haul off, at my own expense, any worthless gold taking up your valuable space.

  158. @Marietta. i think what snoot refers to is when. ask her please. i refer to now.

  159. anyway where is snoot?

  160. @Snoot.

    My apologies. I posted my last remark before I read your reply. Give me a minute to absorb it. Thanks.

  161. no cats not in hats?

  162. Hugo Chavez says U.S. is using earthquake as pretext for occupying Haiti http://www.nydailynews.com/news/world/2010/01/18/2010-01-18_hugo_chavez.html

  163. http://www.goldprice.org/spot-gold.html
    Check out the Gold/Silver Ratio over a 1 year timeframe
    58 is the next key level to break on the way to $100 Silver

  164. @frances
    when you say “we have some time” what kind of time frame do you mean?

  165. don’t like it when the librarian goes on strike.

  166. @Snoot

    I agree that a very real possibility exists that the economy and a medium of exchange that goes with it, will be much more tightly controlled in the future. It is even possible that gold will be illegal to own as it has been in the past.

    That wasn’t the question I asked. Here is the question you answered: Will gold be a useful medium of exchange for ordinary people in the future?

    I guess you can hold that the future as you see it is so certain, that all other question are moot. It’s not that I think that your ‘vision’ is wrong. I find it a distinct possibility. But it may not be the only one. And there may be a transitional time where gold will be indispensable. I’m fairly certain the depositors in Argentina would have rather had gold over currency before the bank holidays.

    I believe in any almost any outcome, gold will have value. You may not be able to price it in dollars, but it will have value. IMHO

  167. Justget Itright

    Ex-Morgan Stanley Employee’s Dead Body Found In Delivery Van

    http://news.hereisthecity.com/news/business_news/9816.cntns

  168. seems nobody likes it.

  169. Aside from racism, another explanation of why “security” is so important in Haiti, and why it must be established before aid is given:

    http://www.naomiklein.org/articles/2010/01/us-security-companies-offer-services-haiti

    Private security firms want to get PAID!

    Give Haitians aid first and help ease their nerves, and suddenly, there’s no excuse to bring in over-paid private security firms to “keep the peace”!

  170. @Mep. this is where we live. sick.

  171. Justget Itright
  172. they could have drowned that country in food and water. fucking piss me off. get the donations and skim 80%. fucking skin heads.

  173. and 2 coke dealers leading the fucking parade. fuck. sorry.

  174. @Snoot

    Even in the future, corruption will exist. If gold does have value, it may buy you access to resources otherwise unavailable.

  175. @Phil/Germany – I should have guessed it, maxkeisers.com’s own news link guru has already posted it…is there something you do not get with you? :P

    Beside what you already wrote, it is also the EU ring wave that makes this interesting, it starts in one nation… internet is losing its freedom/neutrality.

  176. Phil/Germany:

    Re: LA Rain & Tornadoes. Neither are all that rare. In the book “Ecology of Fear” Mike Davis pointed out that LA has had over 100 tornadoes over the previous century, all smaller than the Kansas ones, but many damaging. However the LA Times and TV press always call them “Freak Winds” to keep up the LA=paradise mystique and keep people buying houses there.

    I once obtained 100 years of rainfall data for LA and found that the average yearly rainfall is SMALLER than the standard deviation of the rainfall. This means that there’s no such thing as a typical year’s worth of rain since the phenomenon is so sporatic. The big rain comes when a storm blows in from Hawaii laden with huge amounts of moisture. Then you get one years worth in a weekend or a day. This is not uncommon during El Nino years.

  177. frances snoot

    don’t like it when the librarian goes on strike.

    I have the option to strike?

  178. @snoot yes you do. students were looking for books. so i called.

  179. left you a message on your machine.

  180. i presume keiserville is union with pensions?

  181. Justget Itright

    The IMF, World Bank and others will try to use “disaster capitalism” to profit from the Haitian crisis.

    http://www.newstatesman.com/blogs/the-staggers/2010/01/economic-shock-haiti-disaster

  182. Funny, I pictured this forum more like the tavern on Cheers. Snoot would be Diane, constantly exasperated by the patrons.

  183. Justget Itright

    Here is where I donated, it adds up

    https://www.imcworldwide.org/SSLPage.aspx?pid=878

  184. NORM!!!

  185. oh no i’m in a pub with the mail man. fuck this bye y’all

  186. Here’s a little known fact.
    The smartest animal is the ron.

    No, I’m telling you, your average ron, scientists say; if a ron had thumbs and a language it could be trained to do simple manual labor.

  187. Very artyful Aides Graffiti Vid http://tinyurl.com/ye9hudq

  188. frances snoot

    @Marietta;
    I assume that Talf is ending in March. I see the Fed “stamping out asset bubbles” which means doing diddly-squat about the securitization crisis. I see a summer from hell (Remember when the Web bots predicted that for last summer?)

    Just wait till they combine all the players in the pit orchestra: rising interest rates; bank regulations concerning securities and liquidity buffers; end of talf; foreclosures; state and local municipal bankruptcies; no rollovers for cmbs or abs; bank closures; university closures; pension fund collapse; insurance company bankruptcies; etc.

    Like this:
    http://www.youtube.com/watch?v=a53s4jyCqqU

    Götterdämmerung: the seduction of power.

  189. frances snoot

    i presume keiserville is union with pensions?

    OMG!

    That’s good news for the Keiservilled Gazoots. But, ronron: is it only your presumption?

  190. i love gettin skin heads. got this skin head out.

  191. snootz

    I agree with your BIS IMF SDR s, but gold does not derive its value from fiat and I believe it will rise in value unless it is taken from the public by force and that usually doesn’t end well.

  192. @Y’all
    How did Max put on saturday… er “OK… All-rightee Truth About Markets… 150 radio shows… here on resonance… 3 tv shows… we talked about the fraud… Bankers in london were gonna take down the economy and they did… you heard it hear first… course non of you have any money so it didn’t make any difference but at least you have BRAGGING RIGHTS down the pub”

  193. @Y’All
    Special Bragging Rights… SBR’s… HA, HA, HA!!!

  194. indirect replies, gotta love em . . . psssst, tell so and so i said . . .

  195. @Snoot. in the 60′s your family was your pension. gonna happen again. thanks.

  196. Gold derives its value from corrupt Government

  197. @dantu
    er… if your comment was indirected at me… take it up with Max… he directed that comment to all of us who listen to the show… I actually thought of SBR’s about 6 hours ago but I’ve been busy…. just got back!!!

  198. the new jobs are changing boomers diapers. lotta shit. no shit.

  199. @dantu
    I apologise if you was talking to someone else but I haven’t had time to read the comments yet!!!

  200. part timers

  201. Justget Itright

    rr-in the 60’s your family was your pension

    you are right on!

  202. Honestly SG, that comment was not directed at you.

    Someone referenced a mailman, so I played the part, thats all.

  203. a pair. jebus

  204. dans ascared

  205. Nancy Kissel probably the only person on the globe who really done somtin about our abusive relation ship with the banks http://tinyurl.com/yce473l

    What was the cynical mark again?

  206. polls closed in Mass

  207. @Lloyd @justget
    thanks for the donation links… it all helps… would rather trust some someone on here than the MSM always!!!

    @dantu
    just read the comments kinda guessed as much Y’all!!

  208. Ascared?

    (bite, fish on)

  209. and the crops they grow.

  210. little by little.

  211. A good source for articles around the world:

    http://whatreallyhappened.com/

    Articles are linked as they come in. First three as of this posting:

    Poll: Most Don’t Want Sarah Palin to Run for President

    Massachusetts Senate Race: Will Democrats Delay Seating Scott Brown?

    What Bush Did to Haiti

  212. the dollar looks like a saint today. the saint will come marching home.

  213. you mean the hawian crawler. never heard of it.

  214. to bad lois armstrong couldn’t be here.

  215. now everybody’s ascared. hahaha :-)

  216. Boy, I guess it’s true what they say, huh? There’s a fine line between gardening and madness.

  217. Should Israel pay back the 60 billion? Wahahahahahah!!!!! Max, that question puts you a whisker away from a Nazi prison guard. Yes, we knew it would come out some day. Ben Stein is looking for…….you!

  218. Time to leave NY

    Paterson: Budget Has $1 Bil In New Taxes
    Under Plan, NYC Aid Would Be Slashed By $800 Million; New Soda And Cigarette Tax Proposals Already Angering Masses

    http://wcbstv.com/local/state.budget.paterson.2.1435232.html

  219. Yeah, Max can scoff at bankers and the Us guberment. But impugning the character of Israel is suicidal. This may be the beginning of the end, my friend.

  220. frances snoot

    @SG:
    So we are getting ‘paid’ in SBRs? Is that a unit of account or an accounting of our unit?

  221. @DanDan. polish it up. write it 50 times on the blackboard and get back to me.

  222. @WL

    No place to run. No place to hide inside the contiguous borders of US, Canada and Mexico. Any sanctuary found would be temporary at best.

    . . . maybe it’s my fatalistic outlook that makes me such an ass . . . I’m going to be more like SG without the screaming.

  223. @Dan II

    TnX Dan!!

    The Haiti Earthquake – You Need To Know Where It Came From http://tinyurl.com/yd6h2ym

  224. Shut up. Shut up, Peterson. SHUT UP, THE WHOLE SICK LOT OF YOU.

  225. Justget Itright

    are the SBR’s salty brined raisins???

  226. and get rid of the dandan. poser.

  227. Justget Itright

    now SG if you are getting paid with this SBR, you are fine

    http://www.youtube.com/watch?v=XjTKzD0Kc2E

  228. ronron

    Thats more true than you know. I’m a horrible typist. I leave out entire words when typing. Usually my revisions make less sense, not more.

  229. Appearing 90 minutes into the show, investment advisor Catherine Austin Fitts spoke about the financial outlook.

    She comes on 7 minutes into the this segment.
    http://www.youtube.com/user/cspeedracing#p/u/9/HrRKY9TW_QI

  230. ronron

    It’s Dan II because the first few times I posted, there was a Dan and a Danny who posted regularly. I’m a smartass, but I try to be an honest smartass.

  231. @frances
    ????? I’m toasted I don’t know… there was something else I wanted to say about the recent shows but I’m fading fast!!!

  232. @Dan11. haha got ya. :-)

  233. Justget Itright

    YC–thanks for the fitts!

  234. gotta watch those sneaky fucking canucks. english or french. haha

  235. SG. playing in traffic all day. now he’s tired.

  236. @Youri

    Thanks. I’ve read many theories on man made earthquakes. I’m not convinced yet, but I read what I can about it. Unfortunately, there are many nuttie sights to be waded through to try to find anything approaching a genuine source for information. I’m still open on the question of man induced quakes.

    It took a long time and much research from reliable sources before I was convinced the official version of 911 was a lie. The study showing explosive thermite residue clinched it for me.

    BTW, I always take a peek at your links.

  237. ronron

    :) yeah, but i’m easy so don’t get to excited.

  238. when i told SG to go play in traffic i meant 1/2 hour. he’s been running for days. medic.

  239. so many people pissed that Israel exists. Those pesky Israelies; they just wont die. And so many nobel prizes.

    Stacy said:
    ///@lek – If I recall my history classes correctly, I think it was the mostly christian Germans that nearly ‘hunted Jews to extinction;’ also, Khamanei is the leader of Iran, not Ahmadinejad; and, finally, the US is the only nation to use nuclear weapons against another and multiple leaders have recently threatened to use them again against Iran and against other nations they consider ‘rogue’///

    Stacy, in fact, there were two Bosnian Muslim SS units in charge of killing Jews in Eastern Europe, personally selected by Adolph Hitler and the Mufti of Jerusleum. Haj Amin al-Husseini worked closely with Hitler; his son Faisal was one of the “Palestinian’s” leading spokesmen after WWII.

    As for Christianity, Adolph Hitler had this to say about “his” relgiion:

    “…a religion that believed in spreading the faith by the sword and subjugating all nations to that faith. Such a creed was perfectly suited to the Germanic temperament. The Mohammedan religion would have been much more compatible to us than Christianity. Why did it have to be Christianity with its meekness and flabbiness?”

    And as for Israel, who in the world actually thinks it would launch an offensive nuclear strike any more than France or England might?

    In the case of Iran, despite your shared anti-americanism with the mullahs, you should not be blind to the fact that Ayatollah II is the hand chosen successor of the late Ayatollah Khomeini, the man who taught, “Let this land (Iran) go up in smoke, provided Islam emerges triumphant over the rest of the world. The governments of the world should know that Islam cannot be defeated. Islam will be victorious in all the countries of the world, and Islam and the teachings of the Koran will prevail all over the world.”

    Finally, remember Stacy, “Men are in charge of women, because Allah has preferred men over women….As to those women on whose part ye fear disloyalty and ill-conduct, admonish them; banish them to their couches and beat them.”
    —Holy Quran (4:34)

  240. Justget Itright

    Fitts made me ascared in the 3rd and 4th minutes here

    http://www.youtube.com/user/cspeedracing#p/u/8/4OW-95QAWb0

  241. somebody get some fucking water and blankets.

  242. you forgot to say ‘and dodge moving vehicles’ :)

  243. i think i’ve pissed off enough people for today. gotta save some for another day. bye y’all

  244. frances snoot

    It is Germany which is set to launch the impetus for sanctions against Iran OUTSIDE the UN Security Council:

    http://jta.org/news/article/2010/01/19/1010220/merkel-germany-to-tighten-iran-sanctions

    http://news.yahoo.com/s/nm/20100118/ts_nm/us_iran_nuclear

    China opposes sanctions and (as one of the nuclear five) has veto power in Security Council.

  245. @Dan II

    They don’t make the earthquakes but trigger already existing earth tensions. Can they do that with HAARP? Yep. Did they do this in Haiti? They could have but I am not sure yet either.

    Fact is that they knew about these tensions in Haiti for years and they know about all earth tension points. Fact is that HAARP exists and can trigger this. 1+1=2 so logically speak’n they could have done this. Did they? like said not sure yet.

  246. @JustgetitRight. now i’m afuckingscared.

  247. AP… Scott Brown wins

  248. @snoot. there nuts. iran is peacefull.they never quit.

  249. @Y’all
    too tired… and I have this recurring image of a female revolutionary… in my head… I went to see a play years ago about the slave revolts and the birth of the republic in Haiti and before when the indigenous fought the spanish… er… it was part of some Black History Month thing… so long ago it’s all a bit blurry… but I remember they was conned over and over… the Island of Haiti has quite an amazing history!!!!

    Pablo Moses – Revolutionary Dream.
    http://www.youtube.com/watch?v=Lti897JzuA8

  250. The Dork Of Cork

    Dork likes Janet

  251. AP…Ted Kennedy rolls in grave

  252. something for nothing. think were in the start of ww3

  253. the ascared thang is there for all.

  254. nothing wrong with being ascared.

  255. bye y’all

  256. frances snoot

    @ronron:
    Remember how the NY Times apologized about lying concerning Iraq’s ‘weapons of mass destruction’? Well, what’s this?

    http://www.nytimes.com/2010/01/06/world/middleeast/06sanctions.html

  257. the haiti thing is strange. CAuse. Its one of the poorest countrys in the world. Why would the earthquake be right on where so many haitians live.

    Is it a test. Or is it that the imperilists want to use haiti for something after they “clean it up”.

  258. @frances snoot

    One problem with sanctions: They punish the people not the government. :(

  259. N.Y. Fed: We did not press AIG to avoid disclosures (Scroll up for more) http://tinyurl.com/y9jmayw

    SEC protecting AIG secrets Vid http://tinyurl.com/ycxp9xf

    Citigroup Lost $7.8 BILLION In Fourth Quarter http://tinyurl.com/yduokeo

    U.S. stock futures lower as Citi reports red ink http://tinyurl.com/yeq7gdh

    Home builder confidence drops in January http://tinyurl.com/y9mboqy

  260. we must not lose our eye of the financial terrorists with weapons of massdestruction or the commercialized legalized mafia like blackwater, but the coca cola boycott isn’t working apparently the advertising and artificial sugar/drugs keep people addicted even with assassinations/exploitation/lack of corporate responsibility and most vulnerable in a decrease in revenue/sales etc. So can’t we boycott something easier: bad movies. Here’s some reasons why to boycott disney http://www.youtube.com/watch?v=TgxVvbai_nI http://video.google.com/videoplay?docid=5109415725027567998# http://video.google.com/videoplay?docid=8953172273825999151# How efficient could this be? beside saving a generation of a distorted, brainwashed value system.

  261. frances snoot

    @Youri:
    One thing about the NYTimes: its a MIC tabloid.

  262. Bush & Clinton Haiti speech (behind the scenes)
    http://www.youtube.com/watch?v=1t5fVsknJcc

  263. Justget Itright

    rr–fitts suggests stockpiling non-perishable tangible things, in case there is a hic-up … may get a little ascared, its ok ;)

    here is a list i have been chipping away at (have some gold and silver, buried)

    http://thepowerhour.com/news/items_disappearfirst.htm

  264. Extra add: with mainstream/lame stream media dying out, maybe it is more vulnerable due to the rise of internet. All roads lead to the banksters so does the copyright cartel/media monopolists, yet the public needs to be educated on multiple fronts to see the full impact and rome wasn’t build/didn’t fall in 1 day. Have to start somewhere to show consumer/people power.

  265. Justget Itright

    if you bury your silver and gold, it is not magnetic, need to remember, hope no alzheimers gets u

  266. FUNNY! Golden Globes Nominations 2010 // Part 1
    http://www.youtube.com/watch?v=fKokhxDx5uI

    Ricky Gervais Hosts 2010 Golden Globe Awards
    http://www.youtube.com/watch?v=SjcBcWMLbfY

  267. Peter Schiff On The Lunacy Of Government

    http://www.youtube.com/watch?v=qbVAFd-gSr8

  268. Peter Schiff On American Samoa, The Minimum Wage And What It Means For America

    http://www.youtube.com/watch?v=X25U_7mx9jU

  269. i thought today’s show was a bit bland, covering not very much

  270. FABER JOINED SPROTT?????

    Holy shit… with Eric Sprott, John Embry and the rest of that gang, they are going to become one helluva group to reckon with…
    I hear they have decent mutual funds, too (for the passive investor)…

    Faber should fit right in…

  271. Wild crazy idea:

    What if Greece, Iceland, Ireland, Portugal and Spain were to create their own separate union, and their own common army?

  272. Max, first off — Israel has long been vital to US projection of power in the Mideast. If you don’t understand geopolitics, you shouldn’t comment on it.

    Secondly — We’re not afraid of Israel floating a few extra nukes to a non-state paramilitary force. We are deeply afraid of Iran doing this.

    Thirdly — Gifts? Heh. How old are you, Max?

  273. @Giuseppe Bagodonutti

    For all the good things he said he also said that Goldman Sachs is a very capable company and looking up to these fraudsters. That’s why the probably have chosen him. He’s in their pocket now so don’t expect miracles.

  274. Popo, ask yourself. Why does the usa bend over backwards for the state of isreal. Ever hear of nuculear blackmail.

  275. @justgetitright,

    Yeah, depopulate. That means you and me.

  276. Re: the Coakley loss, somebody asked me about needing 60 votes to pass legislation… think it was Dan, but I can’t find the comment.

    Don’t want to take up too much room trying to explain it, so here is a primer on filibuster and cloture.

    For additional information on how use of the filibuster in the Senate has changed in recent history ( aka since the Dems became the majority in the Senate), Rachel Maddow did a good job reporting on it a few months ago.

    Joe Biden has rather gravely stated that no democracy has survived needing a supermajority. I don’t know if that is historically true, but it is true that beyond our problem of corporate governance, small d democracy is being subverted because the people the public have put in power to represent us can not make good on their promises so long as the minority keeps abusing the filibuster.

    The other trick being used by the minority is to run out the clock on debating, crafting, and ultimately voting on legislation. They do this by adding hundreds of amendments to bills that need to be individually debated and voted on. The GOP did this with the stimulus and with health care. Some of their amendments were passed in the hopes that adding them would lead the sponsors of those amendments to vote for the final pieces of legislation. That didn’t happen. All of the tax cuts and pork added to the stimulus resulted in 3 GOP stimulus votes. And on health care, even after they stalled votes and had some of their individual amendments passed, they ultimately decided not to support the health care bills containing their amendments. (Olympia Snowe was the only GOP Senator to vote for health care reform.) The result has been a watered-down, useless bill–thanks also to a handful of “conservative” Democrats–and a pissed off public.

    Recall Stacy posting charts showing that the majority of the public supported the public option. Well, after the watering-down process that was required in order to aim for 60 votes, people don’t support reform in such large numbers anymore. And so long as the GOP sticks together to obstruct EVERYTHING, all we’ll get is shitty watered-down junk that nobody wants. It’ll probably advantage the GOP, b/c the public won’t understand that the GOP is manufacturing the shit via their strategy of saying no to everything.

  277. Italy reverting to fascism, uploaded videos to
    require authorization from the Communications Ministry:

    http://www.thestandard.com/news/2010/01/15/proposed-web-video-restrictions-cause-outrage-italy

  278. Anthrax contaminated heroin is killing users:
    http://www.youtube.com/user/wepollock

  279. @ Jacob – Oh my god! Like even You Tube videos? No freaking way! Between that and the news that italy is going to start regulating the amount of hard cash that people are allowed to use for purchases, sounds like the beginning of a revolution to me. People won’t stand for that, will they?

  280. What’s your theory, marietta? Doesn’t seem to me that anyone in power would want to “cull” heroin users After all, it’s in their interests for demand to remain for addictive, lucrative drugs.

  281. Dear Scott:

    For months now, the Federal Reserve Banksters have been working to derail the AUDIT THE FED freight train.

    Their pet politicians in BOTH parties have tried virtually every trick in the book to stop H.R. 1207/S. 604 from ever coming to the floor for a public, roll call vote.

    They’ve succeeded so far. But you and I CANNOT let them get away with it.

    That’s why your action is needed today.

    You see, you and I have a brief window to FORCE Senate action on the AUDIT THE FED Bill — the first step toward finally ending the Fed once and for all — but we must act NOW!

    I’ve linked below to a petition DEMANDING your U.S. Senators support a public, roll call vote on the AUDIT THE FED Bill.

    I hope you’ll please sign this petition — along with the enclosed Memorandum of Support to U.S. Senator Jim DeMint — IMMEDIATELY.

    Let me explain the situation a bit more.

    Right before Christmas, Senator DeMint blocked the nomination of Ben Bernanke for another term as Chairman of the Federal Reserve.

    Even better, Senator DeMint publicly announced he would attempt to hold up even discussing Bernanke’s nomination until there is a full, up or down floor vote on Audit the Fed in the Senate!

    But Senator DeMint’s hold won’t last forever without help.

    That’s why he needs us to back him up with massive grassroots pressure on your Senators.

    Should he choose to, Senate Majority Leader Harry Reid could ignore Senator DeMint’s attempt to delay and move to confirm Ben Bernanke’s nomination with 60 votes.

    And you and I both know the banksters have a lot of friends in the U.S. Senate.

    But right now, the spotlight is on the Fed. It has been on them since the bailouts.

    And it’s been on them due to the MILLIONS of calls, petitions, emails and letters you’ve sent them all year long on Audit the Fed.

    Now, Senator DeMint has put the public spotlight on the Fed’s pet politicians’ attempt to stonewall our AUDIT THE FED Bill.

    So right now may be our best shot at FORCING a public, roll call vote on AUDIT THE FED in the U.S. Senate — if you and I can create a massive and IMMEDIATE outpouring of grassroots support.

    As you know, if passed, the AUDIT THE FED Bill would finally show the American people that the Federal Reserve System leads to:
    *** Constant economic crises — the housing crisis and the resulting chaos is just one example of an economic bubble created by centrally-planned interest rates and money manipulation;

    *** The destruction of the middle class — as fuel, food, housing, medical care and education costs soar, everyone who is NOT on the government dole is forced to make do with less as the value of their money slowly decreases;

    *** Currency destruction — history shows us that riots, violence and full-scale police states can result when people finally realize fiat money isn’t worth the paper it’s printed on and REFUSE to accept it.

    That’s why it’s vital you sign our petition to your Senators along with the Memorandum of Support to Senator DeMint IMMEDIATELY.

    If you and I don’t take advantage of this opportunity, I’m afraid Ben Bernanke and his bankster buddies will just go back to their free-wheeling, inflationary, dollar-destroying ways.

    And that’s something you and I can’t afford.

    Today, our national debt is over $12 TRILLION — and rising.

    Unemployment is in double-digits — and rising.

    And countries around the world are getting nervous about the dollar’s sinking value.

    But we’re not supposed to make a peep about any of this madness.

    After all, you saw Time Magazine named Ben Bernanke their “Person of the Year,” right?

    And you’ve heard the national media wants Ron Paul and you and me to stop all this “silly audit business,” right?

    Apparently, we’re supposed to be grateful there’s “ONLY” 10% unemployment, along with the probability of sky-high interest rates and rampant inflation in the near future.

    Never mind the Federal Reserve is to blame for CAUSING the economic crisis in the first place!

    Well, I’m not going away. I’m not going to shut up.

    And I’m confident you won’t either.

    You and I must make sure every member of the U.S. House and Senate goes on record with a public, roll call vote on the AUDIT THE FED Bill.

    And you know, since it’s now an election year, I have to tell you this:

    I really, really want Audit the Fed to become law to expose the corruption, greed and lawlessness of the international cartel ruining our economy.

    And mark my words – it WILL happen.

    But if the Fed’s pet politicians want to kill H.R. 1207/S. 604), I have to say this – they do so at their own peril.

    Voters are already angry.

    You and I can see it every rally we go to. Every Tea Party. Every poll that shows a patriot beating an establishment career politician.

    So if they want to go into November having killed Audit the Fed and face the angry voters, well, they’re gonna have some explaining to do.

    It’ll be up to them to explain to voters why they believe the Federal Reserve SHOULD be able to print trillions of dollars, seize control of private companies and lend U.S. taxpayer dollars to anyone else they wish . . .

    . . . WITHOUT BEING QUESTIONED!

    These politicians will pay the ultimate political price at the polls — and we’ll just move even closer to our goal of ENDING THE FED once and for all in the next election.

    So please submit this petition to your U.S. Senators IMMEDIATELY.

    Let’s shine the spotlight of freedom right on them and see what they do.

    There’s one more thing, and I don’t usually do this.

    But sometimes people really stick their neck out for you, and force me to break a rule I have about politicians. (“If you can’t say anything bad about them, you’re not trying hard enough.”)

    Senator Jim DeMint is leading the fight for Audit the Fed in the Senate, and that’s often a lonely fight.

    So I’d like you to also submit your “Memorandum of Support” to Senator DeMint and thank him for his efforts and urge him to continue working to force a public, roll call vote on the AUDIT THE FED Bill.

    As I mentioned before, time is not on our side to create the groundswell of support we need to FORCE Senate action on AUDIT THE FED.

    And with so little time, I want to launch an immediate and unprecedented grassroots alert to all current Campaign for Liberty supporters plus an additional twelve million activists nationwide.

    With your help, I’ll pull out all the stops.

    Direct mail. Blogs. E-mail. Phone banks. Newspaper, radio and TV ads.

    You name it.

    Such a massive program will not be cheap — especially since everything is last minute.

    But if we’re ultimately going to EXPOSE the Fed as the culprit in our economic troubles, we can’t hold anything back.

    So in addition to signing the petition and your Memorandum of Support to Senator DeMint, won’t you also agree to make a generous $100, $50 or $25 contribution?

    Scott, we’ve watched the Federal Reserve’s cronies in Congress use virtually every trick in the book to stop any action on Audit the Fed over this past year.

    But today we can turn the tables on them.

    With your help, we can FORCE every Senator to go on record either for or against our AUDIT THE FED Bill and take a giant leap toward finally ENDING THE FED once and for all.

    So after signing your petition and Memorandum of Support, please send me your most generous contribution of $100, $50 or $25.

    This is crunch time, so I’m going to be frank.

    I’m counting on your support.

    Ron Paul is counting on your support.

    So please submit your petition, the Memorandum of Support for Senator DeMint and your most generous contribution of $100, $50 or $25 TODAY!

    Sincerely,

    John F. Tate
    President

    P.S. Senator Jim DeMint’s (R-SC) hold on Ben Bernanke’s renomination as Chairman of the Federal Reserve is shining the public spotlight on Big Government politicians’ efforts to stop H.R. 1207/S. 604 without a vote.

    That’s why right now may be our best shot to FORCE Senate action on AUDIT THE FED — if you and I can create a massive and IMMEDIATE outpouring of grassroots support.

    So please submit this petition to your U.S. Senators along with the Memorandum of Support for Senator DeMint.

    And if you can, please also make your most generous contribution of $100, $50 or $25 IMMEDIATELY!

    This message was intended for: [email protected]
    You were added to the system October 1, 2009. For more information
    click here.
    Update your preferences | Unsubscribe

  282. @naomi – I responded on how to link on that other page.

    @ all – re: bonn – does anyone know if he lives with his father? Maybe his father figured out a way to block him from this site and from infowars? (Remember, bonn said his dad thought bonn was crazy and in need of psychiatric help for thinking that the US gov’t had something to do with 9/11.)

  283. @mep
    actually, i think warren pollock is over reacting to the story. Looks like, from the second story, accidental contamination. I imagine a squalid building with dead, anthrax infected rodents strewn about where the heroin was processed. May be another case of reading too much into the story.

  284. @mep
    my husband thinks i’m crazy for reading all this stuff.

  285. @ marietta – LOL @ your husband. I’m feeling a little crazy right now. Think maybe you can help me feel less crazy? See the responses I left naomi on the “fractured jibber jabber” thread and you’ll see why.

  286. Stacey Herbert is a serious burger!

  287. @Youri

    RE:Faber’s Opinion on Goldmung Sucks

    I believe he stated they were “intelligent”…
    That doesn’t mean he SUPPORTS their crooked ways…
    Ted Bundy was considered exceptionally intelligent, too, and you know what HE did…

    Sprott Asset Management is actually a reasonable company that seeks to preserve the working (wo)man’s capital since most don’t have the ability to do it for themselves…
    And with Faber on their side, they are merely adding to their “intellectual” value…
    As well, they do NOT support the methods being implemented by the US Gov’t in bailing out those assholes, so I can’t see the conflict of interest that you are implying…
    http://zerohedge.blogspot.com/2009/07/sprott-on-problems-and-problems.html
    When I saw John Embry on Monday give his speech at the closing of the Vancouver Resource Conference, he was basically reiterating that fact with updates as to why the US Economy is in deep-doo-doo and why GOLD will preserve the capital of those lucky enough to have it.

    It sounds like you are confusing Sprott with Goldmung…
    Or maybe I’m not seeing the connection?

  288. the FT published my letter today:

    http://www.ft.com/cms/s/0/cee4e606-0574-11df-a85e-00144feabdc0.html?nclick_check=1

    Only suckers would be dumb enough to place their trust in business again

    Published: January 20 2010 02:00 | Last updated: January 20 2010 02:00

    From Mr Max Keiser.

    Sir, Richard Lambert’s critique of Sir David Hare’s play The Power of Yes is shrill and unconvincing (“Why David Hare is wrong about business”, January 18).

    In fact, contrary to what Mr Lambert argues, business is absurdly easy due to the ease companies have in accessing credit at rates – engineered by banks engaging in cross-border “carry trades” in the currency market – of virtually zero. Furthermore, when these businesses lose money with their virtually free cash they lobby their respective governments for bail-outs.

    Additionally, Mr Lambert states that the primary purpose of business is not to make money. This is one of those pathetic oxymorons you hear like “plausible deniability” or “jobless recovery” meant to obfuscate and protect the guilty from prosecution.

    His solipsistic exercise also includes his notion that business is not a selfish pursuit. Clearly, the entire basis for free market capitalism since Adam Smith has been the pursuit of self-interest.

    Finally, we are told that businesses are inherently seeking trust and that we should give them the benefit of the doubt. Sorry, but based on the litany of fraud, larceny and deceit practised by business, particularly in the City of London, it’s clear that only suckers would trust business today.

    Max Keiser,
    Paris, France

  289. @ Max – Nice.

  290. It would appear that Max & stacy have 2010 hitting the ground running, keep up the great journalism.

  291. Very good letter!

  292. Mike2liverpool

    Gold getting KILLED!
    Mike

  293. Phil /Germany

    @Mike2liverpool … Gold getting KILLED!

    Not in Euro …. Upside Down again Mike !

    Measure everything VERSUS GOLD, not the other way ’round ( as you probably already know of course ) !
    ;-)

    http://www.bullionvault.com/Buy_Gold.do?considerationCurrency=EUR

    800$ in NY

  294. If the primary purpose of business is to NOT make money, then what business are BANKSTERS involved in?

    (from the article Max has beef with)
    Of course it is necessary to make profits – in order to stay in business and to ensure the supply of capital for the innovation and expansion that will be required to meet customers’ needs in the future. But firms that only exist to make money – to maximise their profits – will not over time offer the quality and value that customers demand in return for their loyalty. They stay in business by offering good products at a fair price, not by squeezing out the most they can for their shareholders.

    How long has Goldmung and JP Whorgan been around again?
    RIIIIIIiiiiiiiiiiiiiiiiiight

    He talks about earning trust in order to stay in business… That’s bullshit…
    I’ve worked for crooked, ill-managed companies before, and they are STILL in business.
    WHY?
    Becuz they found another sucker to swindle…
    SIMPLE!!!

  295. Phil /Germany

    @Youri Carma …. Catherine Austin Fitts / #7

    Check out #8 @07:00 minutes .

    http://www.youtube.com/user/cspeedracing#p/u/22/31aMfs3lupU

    The young UK hacker from ca. 2001 is still under arrest in the US …. for exposing the Pentagon Computer Security.

    Amazing that the Brit. Govt. agreed to this !
    Oh … Blair of course .. I forgot !
    That ******* has a lot to answer for IMO !

  296. Phil /Germany

    WEPOLLOCK…

    A Vectored Bio Weapon? – News Alert

    In Europe it has been reported that Heroin users are contracting anthrax. This story is not new, it has been floating around for a month or so in several publications. Notice it has not been spun or escalated yet. The question is; Is this contaminated Heroin or a Bio Weapon. In any case it will not spread to the general population

    http://www.youtube.com/watch?v=ks0DV8AsK5Y&feature=sub

  297. Good job Max! Good thing it gets published.

    I had that discussion with one of the top of Akzo Nobel once: She maintained against all arguments that business is not about making money. It is a mindwarping lie to make sure you can cajole the minions into accepting anything to remain employed.

    The irrational need for job security and using employement as a reason to support businesses is one of the causes of this scorched earth way companies operate these days. A CEO defending himself with saying ‘I do it for my workers’ is like a general saying ‘support the troops’, it is the purpose of the company that gives it its right to exist, not its existence in itself.

  298. Janet Tavakoli owns Berkshire Hathaway shares (disclosed in her book Dear Mr. Buffett)

    Berkshite Hathaway own a stake of Goldman Sachs, which netted them $3bn over the last year (http://www.huffingtonpost.com/2009/09/23/warren-buffetts-goldman-s_n_297075.html)

    If Tavakoli feels that Goldman are engaging in fraud, is it not hypocritical in the least that she owns the stock, and profits from it. A question for the next interview?

  299. @Eli

    That’s a good point Eli and why isn’t the book called “Drop dead Mr. Buffett” instead of “Dear Mr. Buffett” ?

  300. Just an observation… It just struck me that some of the most interesting people speaking out against corporate corruption are women: Janet Tavakoli, Catherine Austin Fitts, and Brooksly Born come to mind.

    Great interview, incidentally.