Stacy Summary: Lots, including us, have been warning that sovereign debt crises will be the second leg of this crisis, now that all the private debts of bankers have been transferred to governments around the world. Germany, of course, are the savers of Europe, but they spent hundreds of billions last year after all their banks were wiped out by CDOs sold to them by all the usual suspects. Johnson mentions Italy and UK coming up next after Greece, Portugal and Spain. And, what about Switzerland? Their banks were very much behind the global financial crimewave and hold debts many, many times their nation’s GDP.
February 7th, 2010 by
visit Pirate My film .com
“I f-ing Love goldmoney.com”
visit Pirate My film .com
See the latest TV shows
listen to max & stacy radio
Rick Ackerman-
“Crowd Funding For Pirates”
- Business Insider
- MishFeed
- Quick Hits: Walking Away from Boats; Philadelphia Demands $300 Blogger License Fee; Birth Rate Lowest in Century; Tracks of Bizarre Robot Traders
- Gallup Poll Shows Consumer Spending Pullback, Consumer Confidence Levels Below Depressed 2009 Levels ; Back-to-School Sales Bust Says WSJ
- FDIC Quarterly Banking Report: "Reduced Loan-Loss Provisions Boost Earnings"; Commercial Banker Comments on Loan Loss Provisions
- Karl Denninger – Market Ticker
- ZeroHedge
- the oil drum
- Greenpeace
- Sea Shepherd
- TechCrunch
- Techdirt
Links
Precious metals and Fiat money
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_euoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_caoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_bpoz_2.gif)
Card Break
game theory for activists. get hedge funds to attack companies for you.
Commercial break
We use
gold coins delivered Worldwide
Latest News Appearances
Max explains Wall St.'s financial terrorism to radio listeners in Moscow
http://www.huffingtonpost.com/nathan-gardels/the-coming-demise-of-the_b_189789.html
The demise of the dollar is the demise of the nation/state IF we allow the criminals to lead us by the nose into a global governance system whereby we all get to play-act at being Bangladeshi natives.
Think about it: if the reserve currency is not tied to any nation, who has the power?
We are allowing the BIS/IMF to pretty much enact a bloodless coup over all nations through the sdr unit of account which is the unit of the BIS/IMF. Who owns that bank? My guess is the royals and certain elite banking families who’ve all agreed to certain parameters in their new visionary utopia: parameters within the agency of the few and outside the choice of the majority.
This is not about the end of empire! Asia won’t profit from their trade!
Think about it.
@Y’All
bbrring, 7.30am… EST, woke got out of bed, no time to drag a comb across my head… gotta, gotta… uughhh….maxkeiser.com…HA, HA… erm… where is that clock on the comment bpx set to??? and why???…. it’s 2.00 o’clock here in the uk… so 3.00 o’clock in paris where the hell is it 7.00am???
typo: where is the clock on the comment box set for???
Dont worry guys Dollar is not depreciating as per Bloomberg article rather its worth more than it was in 1975 ……………..LOL what a sham this MSM is
“For all the concern over the $1.6 trillion U.S. budget deficit and record debt load, the dollar is as valuable now as 35 years ago.
Measured against a basket of currencies from the Group of 10 nations proportioned by how they trade against each other, the greenback is up about 3 percent since 1975, according to Bloomberg Correlation-Weighted Currency Indexes. That was four years after the Bretton Woods agreement, set up in 1944 to link currencies to the price of gold, collapsed. The U.K. pound has dropped 34 percent and the Canadian dollar has fallen 6 percent.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVbhDaStbA1Q&pos=3
USA I think SG
Must be in Synch with NYSE
Hic
Ta so called Global Leader
“As a matter of sound economics, the well being of the world should not depend on the management of a single currency.”
What does Stiglitz offer us as an alternative? Oh, the management of everything by a single bank. (Literally everything)
His reasoning is faultly for he cedes control of the well-being of the world to the worst criminals the world has ever known.
These men feel necessity requires a mass culling of humans.
@frances snoot
Well talking bout amnesia, remember what I wrote a while ago on your SDR piece. Trade is based on confidence and to build up trust in the SDRs takes a long time. I don’t think it will replace any currency soon and only will play a side role for countries who’ve got not much choice cause their in the hands of the IMF. What could happen, but I am just speculating here, is that they lure China into SDRs by giving them a deal to exchange their dollar hold in SDrs but the advantages would be minor and there are disadvantages. Only when giving China more power in the IMF this could happen but still this is al speculative for now.
In fact Linsay Willams is not saying that he just repeats what he has heard from some member of an elite branche, to be clear. His call of oil going to roun $50,- was 100% accurate and was confirmed by leaks of the Bilderberg meeting.
Latest dollar rally will be tempered by U.S. debt concerns. Geithner is only performing lip service by stating that U.S. debt will be decreased in the future. Moodies can’t be taken seriously anymore and they know that so that’s why they begin talking about degrading U.S. triple AAA position but again this will prove to be an other lip service game.
So to summaries it all : Loads of talking this and that but little change.
@frances
I would start by mass culling the same people proposing the mass culling. It’s not very difficult you know Snoot. We all know the names. It will eventually happen.
“Central banks that disclose breakdowns of their reserves bought a record $60 billion worth of euros in 2009’s second quarter, more than half of their new cash in the period, based on International Monetary Fund data adjusted for exchange-rate changes using methodology developed by Barclays Capital.
They then reversed course, putting 15 percent of new reserves, or $17.8 billion, into euros in the third quarter, the smallest share of any period in which their reserves grew since early 2008. Central banks put 45 percent, or $52 billion, into dollars, up from 36 percent.”
Do we trust Bloomberg on this? Whom are they citing?
Remember Bloomberg was the man that got a big chunk share of Lehman from SirEvelyn Rothschild’s table. He ‘stayed on’ as mayor even though there was a term limit. He stands to profit from the sdr/reserve beyond his wildest maniacal dreams.
@Marc:
Really?
Marc, these guys are the authors of shock and awe. We will be surviving, not running about with pitchforks.
Pitchfork time is NOW. But all are trying to save their gold, their trickets, their lives within the corrupt system which plays men like a cat plays with a mouse.
The criminals are buying time with that ridiculous Bloomberg article. Time to complete: there is a shhhhedule.
‘@Y’ALL
HUH… Digital Sucks!!!
Little of our data-driven world would survive a catastrophe’
http://www.newscientist.com/article/mg20527451.300-digital-doomsday-the-end-of-knowledge.html?full=true
“In fact Linsay Willams is not saying that he just repeats what he has heard from some member of an elite branche, to be clear. His call of oil going to roun $50,- was 100% accurate and was confirmed by leaks of the Bilderberg meeting.”
Guess Lin-say is going to heaven for all his goodness! It’s easy to know things if one knows whom to ask! Winkey, winkey. And we can throw in a bit of a pantomime concerning the old paradigm: you know, godliness, be subject to authorities, feed the preacher, et.al.
Guess what? We heard the same thing from Stiglitz when he indicated that the sdr/reserve might happen in a year. I prefer a man that doesn’t need to rearrange his dentures with every other word.
On a provincial Irish note – George Lee former chief economic commentator on the state broadcaster who left his postion last summer to run for a seat in Parliament has resigned from his party and seat after only 9 months .
He states that he has been ignored completly on economic matters and has been sidelined by his party
While there is probably personnel jealousies within the party , it should be noted that Mr Lee was very much against the NAMA project and was in favour of bank bondholders getting a haircut
This was the policey of its economic team early last year but now it has gone very quiet on the subject
My own theory is that the Mandarins of Dublin Castle who are chiefly Jesuit educated are following the instructions of their masters in Frankfurt and Brussels and this understanding has flowed down to the Fine Gael elite.
Malcontents such as George have been silenced through a policey of isolation and he seems to have had enough.
Speaking on Irish radio he seems to think that he can get his old job back but that is now impossible as he is now a political animal within the state broadcaster – at best he will be put out to pasture or given a foreign assignment.
@Y’ALL
also… HUH… Lord of the Internet and the VALUE of NOTHING!!!
http://www.nytimes.com/2010/02/05/us/05sfmetro.html
clock in comments on US/Canada mountain time
http://wwp.greenwichmeantime.com/time-zone/usa/mountain-time/
DOH!!!
Maybe the site is run by a troll living in the Canadian rockies?
Nice view:
http://www.knightlytours.com/gif/indexphotos/canadianrockies.jpg
@Y’ALL
WHAT TIME IT IS… 7.45am EST… no time f-fah sleep, no time f-fah food no time to th…tha.. THINK… mm…must post on maxkeiser.om… must address my fambly… ugh!!!
@ME: very interesting/educating video.
Thanks!
“At the U.N. this week, Stiglitz was clear that the U.N. panel believes that regulation must be comprehensive.
“You actually have to do something,” he said.
Asked by CBS News about a preferred and realistic timetable for phasing out the dollar, he answered, “My preferred timetable would be that it could begin to be phased in next year. We have a framework which is the SDR, right now, [the currency that the International Monetary Fund uses] and that could be done right away so in that sense we even have an institutional framework.” That, in essence, he said, was the China proposal.
Stiglitz added, “It could be done within a year. Realistically, I don’t think it will happen that fast. Some of my more cynical friends think that it is only after the economic slowdown moves into a malaise of several years that we will figure out that we have to do something more fundamental – and that would mean after 2013 that the world will be more ready for this.””
http://www.cbsnews.com/blogs/2009/03/26/world/worldwatch/entry4895876.shtml
*WORLD LEADERS HAVE US FOOLED! Why do all world leaders
belong to secret societies?
http://www.parenting-healthy-children.com/News.html
(scroll 6 asterisks down)
Simples, because you cant be a world leader unless your are from a secret society.
Get over to zero hedge and find out who is handling the cdo’s in Greece
The Ever Increasing Parallels Between AIG And Greece… And The CDS Puppetmaster Behind It All
http://www.zerohedge.com/article/ever-increasing-parallels-between-aig-and-greece-and-cds-puppetmaster-behind-it-all
You guest it ‘GS’
More for the Ballad of the Banksters
Next on the agenda is the internet,
They haven’t managed to stop it yet,
To silence the people would cause them no regret,
To them we’re just bloody slaves to service the debt.