Stacy Summary: On the Edge with guest Chris Cook. Here is the article referenced in the interview, “Saudi Arabia and the oil bank.”
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great show
and up the Leb
Fuck Warren Buffet! He’s an old, crotchety crook. He also owns shares in Coca-Cola. That old bastard needs to die. Mainly because of GEICO.
Need a place to vent this …. We are now labeled “slave”
The Supreme Court destroyed American Democracy Thursday. Stick a fork in it. We are done. The grand experiment in democracy called the United States of America had a nice run, about 235 years, but it has been destroyed yesterday, Thursday, January 21st, 2010 from within, the Supreme Court of the United States.
The Supreme Court virtually assured we will be completely ruled by an Oligarchy from now on, which will of course lead to dictatorship, as we saw happened in both ancient Greece and ancient Rome. The Constitution has been destroyed. What did the gang of five do? The Supreme Court ruled 5 to 4 that corporations are people, and therefore have the right to spend all the money they want to in support of any candidate they choose.
The Supreme Court ruled that corporations have the first amendment right of free speech because they are “people.”
They have erred of course, and violated the intent of the U.S. Constitution. They have stretched the definition of “people” to non-people. They have called black white. Up is down. They have redefined the plain definition of a word to something totally different than that word. Corporations are not people.
That is common sense and plain to any rationally thinking honest person with a soul. Corporations do not vote. Corporations do not run for election to political office. Corporations are legal creations, associations of people with human souls (shareholders) who already have the right to vote and hold political office. The human souls who are shareholders are not the same as the corporation itself. They are different.
This ruling undermines the integrity of the election system. It throws out over a century of restrictions imposed by Congress against corporations so that they would not influence the outcome of elections. Corporations have an unfair advantage over the small guy, over real people, in the amount of money they control.
What does this mean? It means future Supreme Court Justices will be appointed by presidents who have been bought, purchased, and are controlled by corporations, and confirmed by U.S. senators who also have been purchased by corporations. It means Exxon Mobil, who earn $45 billion a year, can spend any amount of money they want on advertisements supporting a political candidate.
It means any candidate who wants to get elected will cut deals with corporations in exchange for their billions in advertising support. It means Goldman Sachs will decide elections. It means Chubb and Cigna and General Electric and Microsoft and Astra Zeneca will put their people in place in our government, who will pass and enforce legislation favorable to their special interests.
Those who are happy with the Supreme Court’s decision believe that large corporations are good, that they know what is best for us, that we should yield our rights and interests for the greater good as defined by large corporations’ boardrooms. It means more Enrons, more AIGs, more Lehman Brothers, more World Coms. It means gasoline prices of $10 a gallon if Exxon Mobil decides it needs the money, it means free loans to Wall Street firms so they can invest the money and make more profits and distribute larger bonuses to executives. It means biologically developed diseases being spread over land masses in order to sell more drugs to cure those diseases. It means higher health insurance premiums, mandatory health exams to keep that insurance. It means the elimination of unemployment insurance, elimination of the minimum wage, elimination of social security. It means firing without cause and without severance. It means invasion of your privacy, requiring you to have a chip under the skin on your hand or forehead in order to buy or sell anything.
It means the elimination of antitrust laws prohibiting monopolies, it means the gobbling up of small businesses through unfair business practices. It means more wars so large corporations that produce military resources can profit. It means the changing of all laws and regulations to suit the desires of large corporations. It means no benefits for full time workers. It means requiring more hours or risk getting fired. It means euthanizing patients who are sick and costing insurance companies too much to keep alive.
This Supreme Court ruling changes everything. Whether you are conservative or liberal, you are now a slave, a serf, within the new ruling class, the large corporations. Power will be in the hands of the few CEOs and majority shareholders of the large corporations. Elected officials will be puppets.
The result cannot be good. For those of you who thought those large Head & Shoulders patterns in major stock indices with downside targets of zero were ridiculous, I’ll bet none of you anticipated this Supreme Court ruling. Markets know the future. They know where they are headed next. They foresee tomorrow’s news today. There are likely more surprises coming down the pike, which will assure the destruction of capitalism, of world economies. This is scary stuff. This decision by the Supreme Court has arrived like a thief in the night. It sets the table for one-world government as future purchased politicians yield to the wishes of large multi-national corporation sponsors.
please recall that Henry Ford taught us how to produce…but it was Walt Disney who taught us how to CONSUME…since then; one is somewhat free to consume(although less so)…..but still prohibited from producing…..ig. there are only two companies in the US that produce toothpaste….now how can that be???
the corporate BOARD OF DIRECTORS max refers to…was established by the Glorious Revolution in 1690 & extended by Issac Newton at the Bank of England who bought all of the Crown’s debt to the “merchants”(parliaments’) in exchange for total Monopoly. Commerce… in the Dutch Masters tradition…..this development was solidified by Robert Walpole after the South Sea Bubble in 1720…..think Anglo-Dutch East & West Indies COS……Amerika was hatched in this womb….Hamilton was baby Walpole.
Regardless of what people might say about British Sovereign debt, long term bond yields are still comparable to any G7 nation.
Its not a very great leap to go from Quantitative Easing to implementing negative overnight interest rates, as they have done in Sweden. Swedish yields are considerably lower, despite their exposure to Latvian debt collapse.
Considering that the G7 will meet in Iqaluit and will not announce their final statement afterwards, they are all probably agreed that they will not implement negative overnight interest rates, though the first nation that does so will touch off a competitive ‘negative yield’ policy race. Iqaluit is on Baffin Island. I had to look it up to be sure.
http://news.google.ca/news/search?pz=1&cf=all&ned=ca&hl=en&q=iqaluit
Iqaluit weather:
http://www.weatheroffice.gc.ca/city/pages/nu-21_metric_e.html
Negative yields are anathema to the commercial banking sector, but are a policy tool which central bankers can use to set interest rates to relieve downward pressure on long term bond prices. Its the only policy tool in the toolbox which isn’t actually set by the market and can be used to limit excessive rises in interest rates in times of high debt to GDP.
I have my misgivings that the United States will be able to follow suit, as the Federal Reserve will have to be impounded by the Treasury in order to set interest rates. Certainly a tax regime on the commercial banking sector in an effort to prop up sovereign debt will just not cut it.
I guess everyone will be waiting with baited breath for policy decisions made in February in the UK. It not difficult to conceive that venality is the sole keeper of politicians’ deferral to commercial financial interests and can do an about face in an instant.
Great show … good thoughts !
UK more at risk than ever of losing AAA rating, top investor Neil Woodford warns 8 January 2010 (Telegraph.UK) http://tinyurl.com/ylesyod
Disappointment ahead for UK — and big test for euro 11 January 2010 (The Times) http://tinyurl.com/ydsblhb
Oil Market Outlook: When Contango Trade Unwinds 17 January 2010 ( Dian L. Chu) http://bit.ly/6iQAg6
A lot of food for thought indeedy what this Cris Cook is laying out here.
If I understand it well and correct me if I am wrong – It are in fact the Leasing contracts propelled by cheap money which can manipulate prices on the future markets like the Nymex but this is also happening on the Comex where the market is even more intoxicated by cash settlements and not very deep (You don’t need a lot of Leasing contracts to manipulate it).
Mmm … that makes me think that this also could happen (or maybe is already happening) on the oil future market though not necessary cause of the large Oil contango supplies on the big oil tankers enough to supply Europe for three years.
I think max missed this connection (this is on video):
Oil was recently discovered in Haiti. Also, there was an armed forces drill occurring at about the same time. HAARP was used to create the earthquake so that US troops could take over the country without worry about Russia & other nations complaining. Hugo Chavez claiming it was HAARP. He should know since the Russians have used HAARP themselves. 1 + 1 = 2
http://www.parenting-healthy-children.com/Parenting.xml
@g7enn
Indeedy and Uranium and Gold as pointed out by Snoot.
This Chavez story even reached a Dutch MSM newspaper “Algemeen Dagblad (AD)” which is quiet surprising knowing the Dutch in general are ignorant MTFs.
Venezuela: U.S. caused Haiti earthquake (ANP=AFP/DHE)
http://gazbom.blogspot.com/2010/01/venezuela-us-caused-haiti-earthquake.html
SOUTHCOM on the ground in Haiti before the earthquake struck http://revolutionarypolitics.com/?p=3205
Evidence of multiple emergency management drills coinciding with the Haiti earthquake begin to emerge http://revolutionarypolitics.com/?p=3216
In this video, Chris Cook says the Saudis and OPEC want the price to be between $75-$85/barrel, which is exactly the price Lyndsey William’s illuminati contact quoted him, $80/barrel. I doubt this is a coincidence.
$ dead by 2012? “Gold & Silver only thing you can count on!-Lyndsey Williams
http://www.parenting-healthy-children.com/News.html
@g7enn
Yep, I’ve been keeping my eye open for conformation on the Lindsay Williams story and found quiet a few http://tinyurl.com/ye43zrn
Story by Benjamin Fulford on the earthquake machine. The recent earthquake in Haiti was caused by an earthquake machine using technology developed by Nicola Tesla, according to MI6. The earthquake machine is not HAARP as I have previously suggested but rather some sort of nuclear device, according to this source and a CIA source. The CIA source says an expedition sent to the epicenter of the Indonesian earthquake that triggered the tsunami found it to be totally lifeless one year later, something that could only be explained by radiation. http://tinyurl.com/2yp5t4
@JestGetitright. nice rant my man.
@FranSix
Iqaluit has the added bonus of isolation.
If no one is in Iqaluit there are no protests to crush.
@FrankSix. what if there going to uqualuit to hide till it’s over. only kidding. crossed my mind.
Iqaluit is the Capital of NUNAVUT,
Canaduh’s newest province…
The only thing up there are Inuit and Diamond explorers…
And hungry Polar Bears… ROWWWwwrrr…
Although, I believe Agnico-Eagle is up there with several Gold Mines…
RE: Haiti…
They apparently have a RICH source of COPPER…
I was at a presentation by Mickey Fulp (Geologist extraordinaire) and he was teaching investors about different types of geological formations, to which he made special mention about Haiti’s resources…
You can bet that when things settle down, the miners will be coming to clean them out…
@OnTheEdge first youtube part, Buffett…
What the Fuck!! no,no,no,no, that conspiracy speculation makes you sound like a fool, there are own sites for that, so leave it alone if you want the rest of the program to appear decent and believable.
The rest of the program was good.
@ Justget Itright – If corporations are people then when a corporation causes death, the entire group of people it represents should be chargeable with manslaughter. I agree, it’s a complete distortion. On the one hand individuals can hide behind the corporate structure, not being held personally liable, and on the other, declare that the organization itself as a person. Madness.
Even then, as an organization, if not the individuals it makes up, corporate persons should be punishable in similar manners to people. When a murderer is convicted of murder, they are not free to be in the public space earning as usual. Corporations “who” murder should be isolated from society, their operations stopped, their assets frozen, for a sentence period. Since this doesn’t happen, even the standard of personhood for corporations isn’t upheld.
Oil as a monetary reserve replacing paper currencies.
What is more speculative ? Buying US treasuries, japaneese bonds or, oil ? I think that buying paper is much more a gamble that buying oil. You have to see all these tankers filled with oil as a form, well ?, of monetaey liquidity. It’smore efficient and lucrative to burn oil in you furnace and in your motor, than US dollars. It’s also about relative value. If Saudi Ariabia doest what it does, what about Russia and all the other producers ?
All must watch this brief clip from Democracy Now’s reporting on the ground in Haiti:
http://www.democracynow.org/2010/1/22/t_trembl_journey_to_the_epicenter
…bread drop occurs around 48 minute mark.
Great guest, great show, 2010 this is the year, I can feel it in me waters.
@protests against the G7
The central bankers of the G7 are having nunavut.
Wow, fantastic interview!
@ JustGetItRight -
We need to march on Washington DC with rifles, not pitchforks.
At this juncture, there isn’t much left to our liberties so what does it matter…. either your a prisoner in your home to your mortgage or rent or your a prisoner in their jail.
I’d rather they pay for it than we do.
@Macy and y’all (y’all is now a political statement!)
I really must step forward and congratulate and thank stacy and max (!) for their courage.
Who is else is talking this way (and {without bullshit} honestly)?
Just from this programme, your attention to your followers is admirable and smart. We can speculate. We can agree. We can prove you wrong. What you’ve created here is a centre of learning; you both should be extremely proud (though I know you both will shy from it).
Learn, fume, cry, sing.
My friends…
Jesus Max, you’re good at macro-economic insights, but you suck at Geopolitics.
You come off like another twit on Youtube.
@PoPo-
Care to enlight me in your perspective in GeoPolitics?
I generally agree with Max’s observations.
What’ is the info with which you do not agree?
Any of the so called new money people in the last 30-40 years have been put into position by a select group of INtl Bsnkers. It is easy to make money if you are given access to huge sums of money. So not just buffet, there are many crooks who sit in the bankers camp and are totally dependent on the bankers or the bankers will pull the plug and ruin them. I have seen some of this behaviour.
@CaliDoctor
Anyone who tries to simplify ME politics into black and white clarity is simply uneducated. As someone who has spent his life in and out of the region — working with *all* sides (and personally favoring none), the one thing I can’t stand is people bitching about the situation like there’s a good guy and a bad guy.
And for those people who think we “give money to Israel” — put that old saw away. That money is not for Israel at all, it’s for us. Lockheed Martin alone gets a hilariously large chunk of it. And Boeing would be gone completely if it weren’t for our “Money for Israel”. Get a clue. Follow the money. It’s earmarked with US interests all over it.
And Israel forms the lynchpin of **US** regional interests:
I’ll give you one word that justifies the entire package in terms of US economic/strategic interests: “Suez”
There’s a friggin massive quid pro quo in “Money for Israel”, but Max is clueless on the subject, and comes off like a two bit Youtube dipshit which is too bad, because he knows his stuff in economics.
@Max—-Your FIRST wow—Very Very good Chris Cook take on this part of the financial puzzle was very interesting, that changed my understanding of the world a bit.
I wonder if all other commodities have or will follow this OIL leasing forward pattern?
Why shouldn’t they as its in the producers interest?
What impact will that have, higher producer prices for food etc etc?
Isn’t this an indication of a shift / sea change in confidence from a old financial system evolving into a new model?
Spooky?
Max, re: the Orange Revolution,
Soros is behind these color coded revolutions, Mr. Arbitrage himself. The leopard does not change it’s spots.
He’s making money big time on this, while funding blogs, that infuence political decisions and help make decisions that are for the purpose of him making money.
I’ve always looked rather askance at the Huffington Post because Ariannia is a big buddy of Soros.
@Libor-
From reviewing your comment, the basis of your opinion of Max’ geopolitical acumen is predictated upon your view of his comments on Israel.
Why are you so focused on Israel?
I’m more focused on California than Israel. There is no alliance between the voters of California and the military-industrial complex. In fact, it is my belief that eradication of the military-industrial complex from California would benefit the long-term stability of the people of California.
The question is whether or not other sectors can replace the continuing job losses associated with the failure of California’s industries, which include military contractors.
Your comments suggest that you are disturbed with Max’ comments on something related to Israel. I guess I haven’t kept a database of his comments regarding Israel. Do you have access to such a database?
Perhaps you might also look up Dr. Moskowitz and Hawaiian Gardens while you are at it?
It is common knowledge that Moskowitz used the front of a third-rate hospital to get a gambling license. That Hawaiian Garden casino is nothing but a giant drain on the local economy (worst city economy in that region). The money is then shunted to development of East Jerusalem apartments for Jewish people while the Arabs are kicked out of their housing. The Los Angeles Times wrote about the linkages between this Moskowitz casino and the middle eastern arms dealers who funded it and benefit from the money drain. Makes you wonder about the other casinos in the area too. It’s just that the LA Times hasn’t reported on those things.
But, in the end, it is clear that Dr. Moskowitz is linked to Israeli organized elements which make money by antagonizing the Palestinians, creating wars, and then profiting from the sales of body armor, bullets, guns, and elements of war.
The usurping of organized religion for race wars is opposable by freedom and peace loving people. While the war zealots don’t care what the peaceable people want, the reality is that it goes on because the warmongers like their money.
The war profiteers have good reason to be greedy. They want to live it up now. But, in the end, they will not be going to heaven, but living with Kerberos.
Sacrificing your children in a race war is not my idea of a future.
Max, re: the Orange Revolution,
Soros is behind these color coded revolutions, Mr. Arbitrage himself. The leopard does not change it’s spots.
He’s making money big time on this, while funding blogs, that infuence political decisions and help make decisions that are for the purpose of him making money.
I’ve always taken Ariannia Huffington nad the Post with a grain of salt because Ariannia is a big buddy of Soros.
the punishing Jehovah morphs as the Libor rate….the upgrade & update of Cromwell & his Jews…..how exquisitely metaphoric……BTW; there are NO POLITICS in the ME(or, anywhere else)….that’s the point!!!…..Politics are akin to family diner discussions & decisions….some mutuality & consideration between generations & genders.
Realpolitik===The Marxinization[secularization] re: nationalization of Religion is your[the] issue…try & stay with it & resist blowin’ smoke up everyones’ arse….if you can(doubtful).
Under the old b.British maritime law on which most law is now based (you stand in the dock for eg.) Corporations, ltd companies are and have always been given the rights of “people” This allows the Owners and Directors to rape pillage without personal consequence. You may not know this but everyone in most countries has 2 identities–one is the real person who exists under common law and the other is the “PERSON” name always capitalised, who is the legal person (a fictional person) which is the legal entity which is sued, pays fines etc—go do some research, you may find it interesting.
@California Doctor.
Why are you so focused on Israel?
Why ? Because the Middle East and Israeli / Palestinian question is poisonning US politics for too long. It’s time for peace. Unfortunately your country is controlled by arms dealers. Remember ? The dangers of the militaro-industrial complex by Eisenhower. You ain’t the good guys you were during the Cold War.
The build up of troops on the leb border is the excuse that israel is going to use to ultimately launch its attact on iran. Iran will be accused of supplying arms or rockets or something else that is likely made up!