Stacy Summary: Here it is! Guest is Mish Shedlock.
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
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fiat money and the french revolution
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crash banksters – Buy Silver & gold
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unos
Hic
Aahhh Good always worried about Server Sync up
Any idea whats the time diff ?
Hic
According to your charts part of your France is also part of the PI(I)GS?
I mean, look at Corse (Corsica)….
Great show and insights … as usual !
Remix : Charlie Sheen’s Video Message To President Obama
http://www.youtube.com/watch?v=kdANDUyHAUg&feature=sub
Did Goldman Sachs Use One Of Its High-Powered Computers To Rig An Online Vote?
… Around 3:41 pm yesterday, the technical team watching the vote counter on a grass root campaign’s website noticed that the “no” votes increased dramatically.
A few days ago robinhoodtax.com, asked the public to vote on a “tiny” tax on bankers that would donate no more than .05% of each banking transaction to the poor.
(Check out their advertisement starring Bill Nighy below.)…
http://www.businessinsider.com/did-someone-from-goldman-sachs-rig-the-robin-hood-tax-vote-online-2010-2
Man listening to AJ and Depleted Uranium at war zones
These guys are complete Physcopathic lunatics
Hic
I still suggest age group 28 to 58
Hic
Good show S & M
Annuities aren’t going to save your retirement http://tinyurl.com/yc8l9oe
Governor Christie Declares “New Jersey on Edge of Bankruptcy” http://tinyurl.com/ydszyo4
China: Biggest Bubble in History Is Growing Every Day http://tinyurl.com/ybb8k9d
TnX @TJ for this link. American Drug War
http://video.google.com/videoplay?docid=-8231634812734884936&hl=en#
I don’t like Mish………he upset “Peter”
Mike
As always great show, very interesting what Mish said about how China comes up with its gdp figure.
Civilized World Must Protect Iran and Consequently Itself
Now we are supposed to believe that Iran has certain evil intents regarding Israel and incredibly the rest of the entire world. We are being lied to by the masters of lies, the father of lies. Let us start with this “wipe Israel off the map” stupidity to show the lowest depths these liars and merchants of war and genocide will sink. This is what President Ahmadinejad really said:
“Imam ghoft een rezhim-e ishghalgar-e qods bayad az safheh-ye ruzgar mahv shavad.”
One word rings a bell here and stands out: rezhim-e. It is the word “Regime”, pronounced just like the English word with an extra “eh” sound at the end. Ahmadinejad did not refer to Israel the country or Israel the land mass, but the Israeli regime.
http://english.pravda.ru/opinion/columnists/09-02-2010/112125-civilized_world_protect_iran-0
The American Economy is dominated by the Drug and Prison economy.
Both benefit the hypocritical elite with their “Phony War on Drugs” which only drives up drug prices and made the chemical drugs even more popular.
In fact a lot of father of President’s in the United States made there fortunes on the side of illegality and so did the queen of England and Skull and bones.
A member of the Dutch Royal Society was even caught in bed with one of the Dutch Drug Mafia members.
Queen of England made their fortunes on selling Opium to China
Kennedy Family made their money on the prohibition
Clinton Family – made their money on cocaine
Bush family made their fortune by laundering stolen Nazi money from the Jews in America
Soros – Helped to pick up the stuff from Jews during WOII and doesn’t even regret it. He’s clearly a sociopath
Etc…Etc…
Mabel Wisse Smit was having sex with top drugs criminal Klaas Bruinsma
Confirmed by the Government Information. Mabel Wisse Smit had knowledge of Klaas Bruinsma (who was murdred later) (Google trans from Dutch) http://tinyurl.com/y9bnmov
Mabel Wisse Smit became the fiancée and is now maried with the Prince of Orange Johan Friso.
@Mike/Liverpool
I like people who are passionate and upset like Mish, Max, Alex Jones.
Your “cool” approach won’t do if they are slitting your throat budddy!
C,mon….the best Jungian dream of ‘em all…..Dred Scott runnin’ the PLANTATION….move over Simon le Gree.
Surely not all Americans are waterboarding their kiddies are they? Good section on China though.
Body Scanner = Naked Movie Star Pictures; That Didn’t Take Long (Video)
Shahrukh Khan – ‘Heathrow Airport Body Scanner Images Reveals All’ http://www.youtube.com/watch?v=h2BsSb-JoCU
Why is China frightened of Tinyviny Taiwan
but real interesting take in China by Mish
In India We dont care a rats arse of Pakistan cause we know we can beat the crap outta them
Hic
Why could’nt we figure tat out ???? We’ve seen tose Ghost Citys
Hic
Drug dealing is the “actual” oldest profession, while prostitution only runs a close second. The most financially successful families have always used their nest-eggs to keep the same party going. If it works, don’t fix it etc…
http://www.youtube.com/watch?v=E_1mOX36zcs
*Pristeen Ghost citys with full brand new Infrastructure
Max is insistent that deflation is the primary characteristic of this depression, which implies he has taken sides in the so-called inflation Vs deflation debate.
However, maybe the debate is a false one – according to David & Don MacAlvany all hyperinflations kick off within deflationary contexts, mostly very suddenly. It’s not deflation versus inflation, its deflation then inflation.
I highly recommend the McAlvany Weekly Commentary
http://www.mcalvany.com/podcast/
@Febo – actually, Max has said it is deflation first followed by hyperinflation should the govt choose to try to print its way out (which they are)
@Stacy
Isn’t actually deflation AND inflation? – debt is being written off at the same time as money is being printed.
As to the Inflation//Deflation confusion.
Assets(variable) are DEFLATING(crushed by the cost of debt service).
Liabilities(fixed) are INFLATING(aggravated by the Collapse of Asset values ability to service debt).
Things that you have(own) are going down: things that you do not have(own) are going up.
Examples:
1) Property Values in Chicago have fallen 30%+ in the last three years.
Property taxes in Chicago are UP 30%+ in the last three years
2) World trade is down nearly 20% in the last 12 mths.
The CRB is up 60% in the last 12 mths.
3) Many, many prices in the Monopoly Sphere(taxes in particular, but others as well) are rising 10%, 20% in the last 12mths. Despite economic activity being off 10%-20%.
Linear thinking is a Curse….
I really enjoyed this show M&S.
@jim
What is CRB?
@Febo – yes, but the various central banks and world bank like organizations have printed only a couple trillion in new money; and the total debt pool was nominally over one quadrillion at one point; so there could be many more trillions in bad debts yet to neutralize with money printing; the other issue is velocity of money, the central banks are printing money for the banks, where it comes to a screeching halt, they are not circulating that money so it has not yet appeared in prices
I agree with Mish and Max cause overall it is a deflationary movement cause of the massive debt implosion. Sure there is Inflation too but deflation determinants the situation most accurate now even when there is Printing Press. But the debt hole force is bigger.
Inflation and Deflation, What are we actually talking about? http://tinyurl.com/yawpyjm
@Photoception – thanks! you might like this commentary video about the episode then . . . http://www.youtube.com/watch?v=P3vOmJA8Zik (or perhaps it is you in the video?)
I guess this is what jim refers to:
The Reuters-Jefferies CRB index .CRB — a commodities benchmark that follows 19 mostly U.S.-based futures markets
An Easy A[Maxium] regarding Inflation//Deflation:
Monies spent in excess of the after-tax Savings Pool is Inflation.
Monies spent less than the after-tax Savings Pool is Deflation.
The CRB would have to break to 100 to get in line with “economic activity”….the Savings Pool(after-tax Production) continues to be annilhilated. In the meanwhile STATES are “printing” extraordinary amounts outside//beyond of the Saving Pool. Answer; Yes we are still in an inflationary environment.
Awesome show!!
I have a friend that hadn’t been dealing drugs for years, yet they tracked him down and threw him in prison for 7 years, way after the fact. He even had a job!
Maybe, like New Hampshire and the ‘Free State Project’ , Max please do a ‘Free Country Project’, hurry. It IS true that the US is a gulag or fast becoming one….I see new cameras on poles etc. around town (Chicago) all the time.
Mish is a great guest.
As far as the guy on the Kremlin show….you see the way he downplayed gold bullion? He is on the Morgan Stanley payroll, so not too surprising! And the thing he failed to mention is how Russia has huge Agricultural potential.
This guy thinks so anyway….
http://www.marketskeptics.com/2009/06/setting-up-fund-to-invest-in-russian.html
3 Day weekend in the States, Yoohoo!
Happy Chinese New Years
Ging Hoy Fat Chow
I meant to say this….BTW timely show!
Gung hay fat choy!
Chicago Chinese New Year celebrations….
http://blog.diningchicago.com/2010/02/12/gung-hay-fat-choy-chicago-chinese-new-year-celebrations/
Damned pensioners and their luxurious benefits! I read elsewhere that Mish is anti-union, but never heard him comment on unions until now.
@ Max – Another American breakdown story for you: Harvard-trained biology professor murdered 3 colleagues and wounded 3 others because she was denied tenure.
maybe the phrase “going postal” will come back into common usage; deja
China real-estate gone wild: a case study http://tinyurl.com/y9nr97d
Dubai debt concern grows http://tinyurl.com/ya7ade2http://tinyurl.com/ya7ade2
Obama signs debt limit increase and the federal government’s debt limit will rise to $14.3 trillion from $12.4 trillion http://tinyurl.com/ykc7z6p
@bonn the reason why u dont care a rats arse is coz u ppl worship rat drink cow urine and christ knows wat awful crap u do so donnt use chinas might and compare ur self with it. compare to india we are less in population land mass wise more powerfull and more respectfull(google curry bashing)
Sickos
House Democrats Applaud Passage Of $1.9 Trillion Debt Limit Increase Vid http://tinyurl.com/y9mdldq
Goldman Sachs faces ‘Robin Hood tax’ vote-rigging claims http://tinyurl.com/yc7aqfz
Charges of rigging tax vote could be Hollywood gold http://tinyurl.com/ydtt3we
@Youri
What planet do you think these folks are from?
@Youri – your second link comes back to this site; I think you meant this: http://www.marketwatch.com/story/robin-hood-and-goldman-sachs-the-movie-2010-02-12
Thanks for continuing to post all the great links you find.
@stacyherbert
Yep, that’s right TnX, so now I don’t have to repost it.
@ big ben
bonn the reason why u dont care a rats arse is coz u ppl worship rat drink cow urine and christ knows wat awful crap u do so donnt use chinas might and compare ur self with it.
First of all I did’nt compare India’s might with China’s
2nd of all you are living in LA LA land if u think we drink Cow Urine
Get out of your comfort Zone travell its because of ignorant peeps like you tat 9/11 happened ya dumass
And we are one of the very few countrys tat have a cost effective Satelite delivery system
What makes u belive
a-> we need money
b-> We dont have a strong military
We also one of the countrys that has its Own indeginiuos programs
So get over yerself Comfortably blind nincompoop
@jaap – yes, it would appear the map makers have included Corsica in their little chart of ‘PIIGS’ . . . maybe they didn’t know which one was Sardinia and which Corsica so they just colored in the both of them?
@ Youri
I wonder how much of that $1.9 trillion is expected to be eaten up by the defaulted mortgages that Freddie Mac intends to take out of their MBS and back onto their (our) balance sheet. The Fed is holding $1.25 trillion of agency MBS and $175 billion of agency debt on their balance sheet. The Fed’s exit from liquidity strategy hinges in large part on selling most of their agency assets. You and I get to bail out the Fed through Timmy’s unconstitutional gift to the GSEs. The Fed gets made whole, the fraudsters get rich, and we get gouged again and again while we stand by quietly and deferentially. These guys really know how to choose bagholders.
For people who mist it: Dubai World Seeks 6-Month Debt Standstill: Report (scroll up for more) http://tinyurl.com/ye4pn5h
@Max
So deflation as the banks suck up credit to regain solvency and inflation as the printing exploders after the banks have imploded. How will we know when that time has come (will the water recede ominously?), or will we find our supermarkets empty before the cashflood starts..I ask this because I wonder if it is wise to loan now or later (I think I know the answer)..
@Phil
This Robin Hood thing exposes the inequality quite dramatically, if the vote was rigged it may be the start of a war
http://www.youtube.com/watch?v=ZzZIRMXcxRc
@Sherri Young
Money will disappear indeed in the many debt holes of the banks (1000 to go belly up this year), Commercial Real Estate (At least 25% overpriced but old price kept on the books), Real Estate indeed, Unemployment and Pension pay outs, Goldman Sachs steelin millions a day by High Frequency Trading and
The Army (Must Read!): http://tinyurl.com/yhfw699
they’re all LYING. when will we stop wondering if they are stupid! we’re the fools who have been duped and buttf-cked.
@Youri – re: the Army Times link . . . it would seem that the lobbyist spend isn’t very effective for the top spenders there?
@stacyherbert
If you say so Stacy cause you had some Army figures before so know much more about it than I do but I think I have to add something here cause these official Army spending figures are not all that is spend on defense.
Much of the Army spending money is disguised as “foreign aid” or in Secret Service payments.
NASA has a black budget which isn’t included here and they are in fact part of America’s defense as stated in their founding regulations.
Problem America now has is that they spend much money in maintaining an active standing Army force around the globe but especially in Afghanistan, Iraq and Pakistan now.
& ROFL
USA aint stupid enough to give the real shit
Taiwans buying American defense systems ROFL
Thats really gonna help Why would US have a capable defense system tat it sell when no country is interested in Invading USA
They probably getting technology like those Bomb detectors which were sold to Iraq
Hic
I can just see the System say Booyee when ya press ta button
ROFL
@bonn ur comments “2nd of all you are living in LA LA land if u think we drink Cow Urine” u got to be fucking kidding me right ur the one sitting in ur lala land called india and thinking ur self the king of all dumb asses
check this ummm wat u say cow urine cola hahahaha fuking joke
http://en.wikipedia.org/wiki/Cow_Urine
http://www.telegraph.co.uk/news/newstopics/howaboutthat/4592608/India-makes-cola-from-cow-urine.html
hahahahahahahahhaha and wat u said “And we are one of the very few countrys tat have a cost effective Satelite delivery system
What makes u belive
a-> we need money
b-> We dont have a strong military
We also one of the countrys that has its Own indeginiuos programs
So get over yerself Comfortably blind nincompoop”
hahahahahahhahahahahahahahahahahahahahahaha u dont need money hahahahahahahahahhahaha
http://en.wikipedia.org/wiki/Poverty_in_India
http://www.washingtonpost.com/wp-dyn/content/article/2007/06/20/AR2007062002535.html
nearly 80% living in less than a dollar a day hahahahahahahahahahahaha
http://www.reuters.com/article/latestCrisis/idUSDEL218894
oh my god it looks like ur the one who is surely living in lala land so deep inside that not even know how ur country is ranking in the world my god u made cost effective satellite hahahahaha for wat to launch ur cow urnie cola in space hahahahahaha and yeah ur strong army yeah right try to pick some one with ur own size to know the real migt of ur so called army srilanka bangladesh nepal pakistan does not even near ur population altogether
where as china with 1.4 billion population compare to india with 1.2 billion population china around 2 million strong mighty arm force india 1.2 million its a joke pure joke i bet ur secretly laughing ur ass off but u wont admit
Interestingly its dummass forign Journalists you’ve showed Links to
Carry on me mate carry on As long as your Job comes here I ain’t worried at all
Does anyone know which banks are safe… the bank im with is insolvent the one I was going to switch too was also in trouble..
Are all banks in the dodarr or is any ok?
I remember a list but ? I just did search and was not able to find much.
And do a little more research at least before ya give stupid links u just showed that u still have no clue
@stacyherbert
Did you catch the sudden interest of the government in the sun now. The launched a special rocket this week to study the sun.
NASA’s Solar Dynamics Observatory was launched successfully by the United Launch Alliance Atlas V rocket on Feb. 11 at 10:23:00 a.m. EST. http://tinyurl.com/yfj3qur
STORMY SOLAR WEATHER PLAYS THE SUN LIKE A GUITAR http://tinyurl.com/yhfurhe
Would Jay Weidner be right with his extreme sun outburst theory round 2013? http://tinyurl.com/yh2c2nx NASA has this theory themselves too.
Solar Dynamics Observatory: The ‘Variable Sun’ Mission http://tinyurl.com/ycp26vs
ROFL
The same Journalists With the Phrase “Jobless Recovery”
In the words of Celente “You are Almost pregnant”
@Fibon11235 .. are you asking about US banks ?
otherwise BNP Paribas IMO.
(hopefully)
Olympics coming False Flag? 2 TONS OF AMMONIUM NITRATE MISSING http://www.cbc.ca/canada/british-columbia/story/2010/01/15/bc-missing-ammonium-nitrate.html
@ Fib
http://www2.fdic.gov/ubpr/UbprReport/SearchEngine/Default.asp
For people interested in Geo-Politics I present you the two (though opposite) king of Geo-Politics Webster Tarpley http://tinyurl.com/ye3fmao
Webster Tarpley: “Dalai Lama is on CIA payroll” Vid http://tinyurl.com/ykc46a4
And: Brzezinski on the Afghan war, ‘The Grand Chessboard’ and Iran Vids http://tinyurl.com/yl8d7lz
I still think mish is a misinformation speicalist.
Basically what I think is gonna happen. And it doesn’t take a brain train to figue it out. THe banksters feel they’ve maxed out the upside to markets. So they’re going to crash the markets after of course they’ve pulled out. And then they’ll buy back in yet again at the low of the crash. Again. An old tried and true way to make money if you control the markets. Sweet deal.
@ Thanks Phil and Sherri
Its not so easy to answer lol
I was entertaining myself by reading….some dodgy music for you to dance too lol
http://fofoa.blogspot.com/search?updated-min=2010-01-01T00%3A00%3A00-08%3A00&updated-max=2011-01-01T00%3A00%3A00-08%3A00&max-results=5
Because I think it’s an Important Clip I repeat this one: Jo Stiglitz and Carles Casajuana argue with a Hugh Hendry Vid http://tinyurl.com/yg9falh
Why it’s Important? Cause this is the first time I hear the option of clinical Default on the MSM by Hugh Hendry . Michael Hudson says this is the only option out for years now and i’ve been saying this too – The Tulip Mania Solution http://tinyurl.com/yhes52m
Bubbles, bubbles, bubbles will be popping everywhere.
http://wimp.com/bubbleguy/
China Tries to Cool Economy by Ordering Banks to Boost Reserves http://tinyurl.com/yk9ga7q
Some 5,000 members of neo-Nazi and skinhead groups marched in the eastern German city of Dresden, countered by a human chain around the city center of 10,000 counterdemonstrators. http://tinyurl.com/yeptrqv
@jon__THe banksters feel they’ve maxed out the upside to markets. So they’re going to crash the markets after of course they’ve pulled out. And then they’ll buy back in yet again at the low of the crash.
yes , but this next crash will empty the well, imo
Forbes TV : A Silver Shortage?
http://www.youtube.com/watch?v=HGPvVjfNYgs
Gerald Celente : we do not need more government jobs …
http://www.youtube.com/watch?v=pwXoYCLfkJM&feature=sub
FWIW
justget itright. Yep, But it was emptied last time and then the fed stepped in and loaned them trillions on almost 0% interest which they then used to prop up their stock market.
So my guess is they’ll just borrow more money from the fed at almost 0% interest and prop up the markets yet again. Its been working so well so far why not keep doing it..
The problem I see is. All these trillions of money is really just borrowed funny money. MOney in the ether of some note book at the fed. Its all just borrowed money from the fed. And they use the stock market as kind of money laundering scheme to make the funny money somewhat legit. Am i wrong with this. Cause thats what it looks like to me.
jon__ I think the federal reserve will succumb to global ponzie scheme. The fed has been taken out of power a couple times in the historical time line. This pace of fraudulent money laundering has hit its peek, the biggest buuble is in real trouble.
bbl
It looks like the proverbial chickens are coming home to roost for the USA. Too bad the US ruling class, which caused and perpetuated this disaster will not be paying the price for their crimes. No, the average American, the shrinking US middle class, will be taking it on the chin. Question. Is the US ruling class really so deluded that they think they can win ANY kind of war with China? An economic war with China? No. A military war with China?This is the one I think US rulers think they can win. But what will the US rulers DO if China actually does sell arms to Iran? This is a perfect recipe for total disaster. What you see in the US now is the inevitable result of letting a bunch of uber spoiled rotten rich kids have too much power for too long. George W. Bush being exhibit A of the kind I am referring to.
LIes are cheaper that truths. Checked the CDS on lies. Real steal.
Hey all you Keynsians. It’s not supposed to happen with Keynes. That’s what’s most strange. Keynes is a total failure. So is the present system based on nothingness.
@Marc Authier
Not completely so. We haven’t even to begin talking about Keynes here cause all the stimulus money was used to cover for trillions of snake eye bets from the Banksters.
Nothing went to the real economy so Keynes was not even used properly if you look at what really happened.
paolo , what ever happens between the usa and china will probably be mutual. For the elitest in those countrys anyway.
BAsically you have a ruling elite in china. And a bankster ruling elite in the usa. Both countrys elites jobs are just to keep control of the slave people in thier countrys. So whatever they do will just be to control the masses of slave people.
All this posturing between countys is just posturing to control their slave peoples. Thats my opinion anyway.
For us masses of slave people its not looking very good. The elitest have to pull the plug pretty soon on alot of us so that we don’t get out of hand.
@Youri
1000% right ! Absolutely. But clowns like Obama and Brown and all the bunch pretend that they are using Keynes. In reality it’s viciously anti-Keynes. Hiking taxes and income taxes in a bust is a formula for suicide.In reality.Mish is no fan of Keynes. Me neither. But you are right here. It’s not Keynes that we are seing but antikeysnian policies. Except for the banksters.
http://www.youtube.com/watch?v=detJakATNQg
Europe’s economy stalls (12Feb10) Vid http://www.youtube.com/watch?v=KsDwDhHRDYw
@MEP
Mish pretty anti union.
He thinks that they need to be rolled back seriously in terms of pensions and wages especially firemen, police. I think that it will happen inevitably. He says that the should accept pension rollbacks and wage cuts to preserve jobs and municipal jobs over the long run. They might actually be smart to do that.
However, I do not blame them for fighting it every step of the way. They can see how bankers and corporations make out. Why should they cave? It is scorched earth on both sides, even though the unions do not realize that is what they are engaging in.
gordo, yep, mish sure likes to take from the working man. But he never says anything about the banksters who have and are stealing all this money causing debt for the rest of us. Gee I wonder why.
Thats why I think mish is a bankster plant. Sorry mish. But you never explain what really is going on. YOu like all politicans over look the obvious and go straight to stealing more money from the average working person.
The Obama administration couldn’t make the Chinese more mad even if it were doing so on purpose. First, the Chinese were called “currency manipulators.” Then came tariffs against some Chinese imports to the United States. Then a controversial meeting with the Dalai Lama has the Chinese up in arms. The newly announced $6 billion sale of military weapons to Taiwan could be the last straw. In fact, three Chinese generals are calling for China to start dumping its U.S. bonds in retaliation, and one of the largest news portals in China is calling for a boycott of all U.S. goods.
Seems the USA is desperate to go back to the old comfort zone of a cold war
Greece tired of being treated “like a lab animal”:
http://www.huffingtonpost.com/simon-johnson/greece-derails-is-europe_b_461090.html
MISH is anti GOVERNMENT UNION. And he is right about government over paying its employees, particularly the management.
There is a real problem with the salaries paid in government, particularly Washington and the federal government, Bur also small towns. The public sector is overpaid compared to the private sector even in the USA.
Don’t forget the order of things.
A government cannot pay salaries 50% to 70% higher than people working in the private sector. It’s the private sector that pays these salaries. Go on his site. Look at the salaries paid in government in the USA. It’s absolulety obscene. As obscene as the banksters bonuses.
@jon
MISH regularly denounces the banksters. Read his blog regularly. He violently denounced the banker bailouts.
Blizzards May Prove ‘Double Whammy’ for Valentine’s Florists http://tinyurl.com/yjno8xe
“it’s going to keep snowing in D.C. until Al Gore cries ‘uncle’.” Sen. Jim DeMint (R-S.C.) jabbed at Gore on Twitter Tuesday http://tinyurl.com/ygkv3g2
Anyone who believes that unions actually do anything for the working man are delusional. Union bosses are like CEO,s they do it for money and power for themselves and fck the working man
@Jon
In reality, Mish is mad that al lot of governments are EXACTLY like these bailed out bastards from Goldman Sachs. To think of the US federal government and Wall Street it’s exactly what happened. Almost no pain for the government and banksters. The bill and the pain is 100% transferred to the governed. FASCISM.
Getting sick of Journalists using the Question Mark when the answer is so overly damn obvious! Example: Is Obama Doing Enough To Create Jobs? http://tinyurl.com/ybl7abs
What does this Journalist think that we think: ” Yeah, Obama has done a lot and now the unemployment has gone down and when we read the article “Good heavens, he’s done nothing”?
Come on now be real!
@Youri
As long as Goldman Sachs, that satanic criminal organization is alive, nothing will change. It’s clear Obame was elected to do nothing. And if that crazy Palin was there it would be the same. Two cancers are eating this country; Wall Street and Washington. The two must be dramatically weakened. No change is possible without the destruction of Goldman Sachs. I really see them as an enemy number ONE of main street. They are.
http://newsjunkiepost.com/2010/02/13/us-launches-massive-attack-on-taliban-despite-the-olympic-truce/
http://abcnews.go.com/Blotter/olympics-feds-reading-tweets/story?id=9825070
@Marc
Right on.
http://www.youtube.com/watch?v=AdYWsLwVy6U
@ Big Ben
I think one cannot undermine the human ingenuity of a nation by making fun of their age old practices or beliefs. Large population and centuries of plunder by outsider has lead to poor economic health of India but it hasn’t killed our spirit to innovate, improve and grow despite lots of hardships and hurdles. All nations in their hisotry passes through various phases of economic well being to degradation and India touched its bottom in past 3-4 decades. Now tide has turned and this video will help you understand better how the future will be. Somebody posted this link on this site a week or two ago.
James Wolfensohn, former president of The World Bank on India and Chjna
http://www.youtube.com/watch?v=6a0zhc1y_Ns
Regarding powerty we have very innovative ways to share our resouces among each other.
Community Kitchens
http://www.youtube.com/watch?v=28BE1QovUXk
@ Bonn
Yeh Sala nam ka panga hai pehle ek madarchod Ben Bernanke than yeh uska nana Big Ben aa gaya hai. You gave him hood reply
NNN zur Olympiade in China http://www.youtube.com/watch?v=5Mxv43nrI8M
Pitty some of you don’t speak German but I guess the Hitler voice over is funny enough.
@max, stacy
hey……you used my PIMCO story that i sent to you!
you’re welcome.
*BIGGEST SCAM IN HISTORY THE FEDERAL RESERVE (well presented historical review of presidential involvement & JFK’s attempt to destroy it)
*World’s Largest Media Source Controlled by World’s Largest Drug Company (I’d like to say this is a joke)
http://www.parenting-healthy-children.com/Parenting.xml
marc authier, you could be right. I hadn’t heard mish talking about the banksters so I took it he was purposely over looking them. If he’s aware of the banksters causing all this indebtedness he should maybe say something more about it instead of having us peons paying racketeering money to the banksters in taxes.
Yep government pensions are basically rediculous plus their medical care. Government employees don’t do anything but take our tax money. They don’t contribute anything of worth. More they spend their time constraining on the average person in the usa. And do cover ups for the big corporate empires. While penalizing the little private working person. Half my relatives are on the government dole. And they are the ones buying new cars every year and taking trips to hawaii regularly. Sweet scam.
Is e-diplomacy the future? Webster Tarpley http://www.youtube.com/watch?v=gbamHOnwSnY
NSA and Google are partnering up Webster Tarpley http://www.youtube.com/watch?v=oMHyjRjyzRQ
@jon .. Yep government
Amen !
g7enn__fed biggest scam in history
scam??? I suppose so, although I look at this more as collusion of the wealthiest men on the planet, the kings of the modern world. Conspiring and crafting a vessel of extraction on the working men and women of the world. Operating with a guiltless conscience, this clan has broken the back of their supplier, the meager surfs. They will be hunted down and dealt with in time. I personally would not want to be an elitist when the fiscal debacle quakes round the world. The surfs will shoot and ask questions later.
You will soon be regulated by the FCC. Enjoy your liberty while it last. You will soon be ALL silenced by the tyranny of the international banksters. They are a little bit slow on the switch in Washington. But once the cybersecurity law adopted , no more MISH and no more Stacy and Max. ENJOY COCA COLA and shut your mouth. Obanana.
Nobody seems to understand what the Obanana “cybersecurity act” and the FCC is about. It’s about siencing people like Mish and you.
We are all becoming chineese.
And shutting up Tarpley. Love this guy. You should invite him some time. A rare american intellectual.
@Marc .. Tarpley …yes, one of those rare Americans these days.
Hats off to him.
@Youri … Tarpley on RT about Google
In recent months , the EU was suggesting that it wants the US to share control over the Internet with other countries, EU included of course.
If Obama flicks that switch, then what ?
The key being the DNS servers .. I wonder how many are located in Europe , and also if they can work independently of US DNS partners.
BTW… I guess so, as the way in which DNS networrks actually work, it would be very difficult to cut them off, as they are built to avoid exactly this problem !
OTOH, who knows, maybe there is a hidden magic route-path, that if blocked would stop them all.
FWIW
UK Daily Mail :
Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says FRENCH banking chief
http://www.dailymail.co.uk/news/worldnews/article-1250433/Greece-debt-bailout-EU-leaders-split-euro-crisis.html
The daily mail has been anti-euro since the inception of the Euro, wouldnt believe a word of it
I don’t think Mish is a bankster plant, he just thinks like a typical financier (rentier parasite) living off the productivity of working people. OF COURSE the solutions he advocates result in lowering living standards for the little people. They’re just too greedy, you see . . .
Modern unions are almost entirely co-opted tools of the bosses, especially at the leadership level. What we need is a strong dose of labor radicalization in this country, which is what won most of the concessions in the past. But it will take a generation of suffering for Americans to rediscover their true progressive heritage – nothing like a little debt peonage to open the eyes. “No, dipshits, you are not middle class, so enough with the bourgeois conformity and start getting real!”
@Ggees
British are hypocrits when it comes to Continental Europe. That being said the Euro was badly designed. It was seen as a magic solution to all the European problems and “backwardness”. It ain’t. It’s just a freakin piece of paper. The Euro was programmed to self destruct,
It is just not realistic to turn off the internet at this point, for one thing too many corps are dependent on it. That will never happen. Now a more censored internet is a different issue.
@gordo, i cant see widespread censorship as an issue, too difficult to enforce, too easy to get around (with proxies etc.), and always bringing forth the question “why is this content being banned in the first place”, obvious in the case of porn and obscene stuff, less so in political strata of sites
Might as well tell you. ALL those accepting interviews at RT Russia or doing TV shows at Russia TODAY are on the hit list. Like I said. Takes PURE COURAGE to change things today.
Because it’s going to get real bad. You have psychopaths running the joint. Don’t forget the Patriot Act. Don’t forget the new authorization to kill US citizens even abroad. Nobody will be safe in your country or in the West with the type of psychos running the place. This time they mean it. Want a psycho in the list ? Ram Emmanuel. The most dangerous of all.
It takes courage to stare at the devil face to face and look him in the eye. The devil is called FASCISM and it’s well rooted in the US Congress, the Senate, the Supreme Court and of course big media.
There is a Russia Today hit list. Most probable. Always thought USA would finish differently than other empires. It won’t. Tarpley thinks the same. And in the process the Empire will eat its own children. Always does. It’s started.
I know everything is said here jokingly. But I know that you are dead serious.
Mish, as always: they will print the difference. Or declare a formal US bankruptcy. The latter is less likely. If they print: dollar will…not be as valuable.
Deflation, yes, in real terms (that does not mean the currency go up in value). You have deflation in Iceland, while at the same time Icelandic króna halved.
Mish have made minced meat of the portfolio of everyone that listened to his recommendations (according to his own standards of selecting preferable dates to make the case).
Thanks for the show.
i don’t understand ,Max, about your view of deflation. You say currencies such as US dollar, pound, Euro and other currencies are in crisis. In the sithation of the currency crisis, How can we have deflation? We have inflation or deflation by expansion or contraction of money supply in the normal situaion. But if we are in currency crisis, dont we get hyperinflation? I heard alot of people say that “Oh, look at Japan. they have been having deflationary economy. it’s called LOST DECADE ”
In my view the situation in Japan over the decades and the situation we are in are different. In Japan, they didn’t have a currency crisis. Yen has been doing ok even though their economy has been tanking.
What about in Korea during the financial crisis?
The unemployment rate was high due to the collapse of big and small corporations. Export was tanking. In general the econmy in Korea was horrible. But They had very high inflation. Why??? Because of the collapse of their currency , WON.
The shock of child torture juxtaposed with the casual abandonment of an entire generation, aka ‘pensioneers’, has my underfundedmentalism workin’ overtime.
IMHO The story about the people torturing that child is psy-ops. While we have just been informed that Obama has refused to release the child torture footage of the US military/mercenary forces because it would endanger the troops, we are all allowed to see these American citizens torture a child. I believe this is a deliberate attempt to project the war crimes perpetrated by the graftsters onto the American public. A tactic employed by all govts. Why else would it be filmed and broadcast? Now that we have all witnessed the torture of a child we have all become complicit and victimized simultaneously, precisely the point of the exercise.
Economic analysis doesn’t mean you are a good stock picker or asset allocator. Far from it. And besides that, I personnally screwed up so many times that I can understand. Don’t forget what Keynes, who died bankrupt I think ?, said:
“The market can stay irrational longer than you can stay solvent. … R. F. Harrod in The Life of John Maynard Keynes (1951). We’re all Keynesians now. …”
It proves that Mish is really good at economic analysis, and either unlucky or is not quite good in his timing. I am horible at measuring the irrationnality part of people. Markets are fundementally runned by pigs. Pigs using massive leverage and massive deception and fraud. So it’s perfectly excusable and explainable that Mish to doesn’t understand how screwed up and fraudulent how the markets are. That I underestimate.
Mish says that China GDP is measured differently to the USA GDP.
That China measures non productive expenditure and that increasing the money supply increases GDP in China.
Even if the details differ, it seems to me that both the USA and China are creating money, spending it on ‘stuff’ (like wars for the USA), and then showing growth in GDP.
The USA is pumping the industrial Military Complex and calling it growth.
Why is China different in reality Mish?
Is Max German? I’m German among a few things. I wouldn’t want to own the Dollar, Sterling or the Euro. Norway to me has the best currency,
Inflation figure in America is not reliable because they don’t include OIL and FOOD prices. If you include both of them, the inflation ration is 5% according to shadowstat.com.
Sorry for typo. inflation ration—–> inflation rate
Mish is a typical mover and shaker.
He used cheap govt money to move up the social ladder,
and now he is trying to shake out of his social contract.
An article I posted a year or so back that should have some relevance here, maybe not in the context of the discussion, but check it out:
In neoclassical economics, the ecosystems of the planet are viewed as a subset of the economy. The most basic model of the economy is a circular flow between firms and households in which the households provide labor and purchase goods and services, and the firms provide salaries and sell goods and services. Upon inspection, flaws in these models become clear. In the first case, even a casual observer can determine that the human economy is embedded within the ecosystems of the planet. Without land, water, air, natural resources, and ecosystem services, there is no economy.
If wealth could be created, big business wouldn’t have to oppose environmental protection, but they, and their political pimps, know very well where wealth must be taken from and how it is taken.
An efficient product contains physically efficient or ideal amounts of energy and matter, regardless of numerical or monetary considerations. Monetary cost efficiency can not exist outside the concepts of physical efficiency and becomes a cost transfer on other sectors. Therefore it is not efficiency, but temporary convenience.
Nothing can be made “cheaper” than the limits of physical efficiency of “no waste”. Fiduciary money is a concept, not a reality and can not overrule the laws of physical, or ecological efficiency. Somebody, something, sometime, somewhere must pay the full costs.
The vast majority of jobs can be financed with very small investments and low energy inputs, but that would deprive the multinational corporate mafia from the control of the world and unlimited extortion rights, based on increased power demands and waste.
Since the FTA, NAFTA and the WTO have destroyed the productive sectors, Canada and BC survive on the sale of property and capital, and call it “income”, the most idiotic and self destructive form of economic theory. We have an economy of a factory that fires the production workers, but increases the office and janitorial staff and pays them from the sale of stock on the shelves, infrastructure and property.
Anybody can live high on the hog from the sale of house, or land, until the money runs out, but what then? Economies set up for exports are suicidal and bound to collapse sooner, or later, as the Chinese will also find out one day. The only solution for sustainable, “green” and sound economies is self sufficient local production to the highest possible degree, with exports and imports restricted to genuine trade between societies for resources not available at home.
Even if we’d go back to the genuine growth of the Canadian economy of the 50s and 60s, with small scale manufacturing springing up and producing the necessary goods, as we had it then, we’d be far better off, than basing our system on worthless GDP etc. figures that account an and everything as beneficial. E.g. the GDP of Manitoba will jump after the present floods, without any deduction for losses and the most polluting industries are racking up the best “growth” figures.
Like a million of their miseducated brethren, Harper and Campbell belong to the Priesthood of the Money God. The pseudo religion of neoclassical economics is also based on such faith based dogmas that permit the destruction of the Earth and humanity, as long as somebody makes a profit. Our economy is controlled from abroad by the multinational corporate mafia, with imaginary power of worthless US dollars, created from the air by a bankrupt economy, and ultimately committing mass extinction with the help of ideologically warped and brainwashed politicians pimping for post politics directorships.
Biologists Say Planet is Undergoing Mass Species Extinction
http://www.dailygalaxy.com/my_weblog/2009/05/although-the-earths-islands-islands-make-up-less-than-four-per-cent-of-the-planets-land-mass-they-are-home-to-around-a-quart.html#more
@Tyler Vincent
Will it kill the banksters species too ? I’m for it. 100%.
I remain more and more skeptical about these alarmist news. I know they all emanate from the United Nation nazi eugenists that want to reduce the population in the name of biodiversity.
It’s maybe true for some specific situations. But I am today very very cynical when it comes to some scientific studies. Did you know that the Amazone forest is growing in size ? Know why ? Urbanisation of Brazil. Same thing in Russia, Canada and a lot of places.
Who financed the study ? Bet you the same bunch that want you to die because you consume too much food. Same bunch that say babies are like viruses. Can’t stand some ecologists. Some studies are serious. The problem is that some are not. And some are even dangerous and have a terrible agenda behind them.
@Jon
See what I mean Jon ? Mish is right. Some government unions and employees like these knucklehead teachers in this example are pure imbeciles. How to lose a 72,000$ to 78,000$ job paid 90$ an hour because the employer ask 25 more minutes per day ? You have to be a little bit unconscious knowing what’s really going on. But that’s the problem. Most government employees don’t know what’s going on. They are well, a lot like Goldman Sachs bankers. Serious.
http://globaleconomicanalysis.blogspot.com/2010/02/central-falls-rhode-island-fires-every.html
@Max, Except Obama doesn”t come from a background of freed slaves. His father is from Africa, and his mother is from Kansas. He’s not what we normally think of as African-American.
Mish overlooks the prospect of China selling to the rest of BRIC, Indonesia and other countries whose economies continue to grow. Americans have a Narcissistic perspective on China. China has more trade with South Korea alone than with the US.
@Illinois Brandon, Max mentioned once he was of Pennsylvania Dutch extraction, at least partly. As am I, but on the mother’s side in my case. That’s really German. Early Americans misunderstood “Deutsch” to be Dutch.
At the end of the segment where Mish talks about the retired in the job market, this started around the time of the Medicare Prescription Drug Program, or Medicare D, where pensioners were forced to sign up for a program that paid for prescriptions until the money runs out towards the end of the year. These people are on their own to cover the cost of their drugs. Living on fixed incomes they are forced into the job market.
Lets not forget about the stupidity of pension fund managers investing in the mortgage market.
Mish’s hatred of unions is a little glaring. My father who lives on a union pension after 20 years of work on a factory floor is getting the luxurious income of $900 a month. Yeah, its all champagne and caviar.
Jon: you may be right about the elites, but I respectfully beg to disagree, at least in part. China is running their economic model in a way that benefits the ‘sheeple’ much more so than the US elites run theirs. The US? A war based economy fueled by massive spending on defense so the US can engage in warmongering around the globe. And when they aren’t starting wars all over the world, they are doing favors for their wealthy friends like Big Insurance and Big Pharma. The Chinese economic model is run as to produce REAL economic growth, the kind that will benefit the masses much more broadly than US elites run the US economy. Mutual benefit? I don’t think so. Take the US banking scandals. I don’t believe these would happen in China. Why? Because in China if you are a corrupt banker, you end up in front of a firing squad. In the US? They name you Treasury Secretary. I think the Chinese have a sneering contempt for US elites. I think Chinese leaders generally view their American counterparts as corrupt, arrogant and THOROUGHLY incompetent. China holds huge amounts of US debt and sooner or later, China will put the squeeze on good ol’ Uncle Sam. It will be at this point that the average US citizen will (may/) discover they are paying the price for his/her ruling elites corrupt, criminal ways. Our former ruling elites? They will bail out of the US to places that have been friendly to them in the past. No, imho I don’t think China’s elites and the US elites look at each other as equals. I think China views this situation as a zero sum game and they lan on winning. Just my .02.
Three years ago, at the beginning of the credit crisis, I wrote an article titled “China’s Goose is Cooked and Dim Sum”. China’s economy is dependent on the ability of American consumers to continue consuming their products. The American consumer became dependent on credit to continue consuming.
When the American consumer could no longer use their houses to get easy credit to continue their consumption the party was over, for China, the United States, and everyone else. Mish is three years late.
The Chinese, U.S., European stimuli is only delaying the inevitable. Want to know why the dollar is rising? You can find the answer on my blog.
The United States [and perhaps other 'developed' countries] is (are) transforming into an economy of maintenance needs rather than growth. The infrastructure is built, but the roads and bridges are in disrepair. There’s plenty of homes but many need new shingles and windows. And the population itself is in need of medical maintenance..health care is not a ‘growth’ industry, its a maintenance issue. Any revolution that takes place in the US will be one of aloofness and apathy…don’t pay the bills, screw doing your taxes, etc, because I, as an individual, do not benefit from those activities. Slowly but surely people will look around them and see the repairs that need to be made due to years of neglect and [fake] affluence…and within that reflection will be the need to repair relationships…you moved to the East Coast away from your family to earn more money. Maintenance is in, growth is extinct in the US….Growth is in the developing countries and that’s it.
Mish Shedlock is an idiot.
I really do not know why you invited this “puffed” idiot in your very good show?
This idiot repeated “deflation” – for years!
BUT NOT deflation in gold (or other REAL things) vs. worthless USD.
Idiot proclaimed “deflation” in the USD.
Deflation can happen in every aspects (commodity or currency)…
In currency of course, (if it is not “printed” in eternity), apples, hamburgers or – gold!
Since all paper currency are doomed – Mish idiotically believe (bullish on paper USD) – is more than wrong.
Mish did NOT see it 2 years ago (he was “bullish” on USD and US treasuries) AND did NOT see it today. (simple to check…)
This guy STILL talking about “strong dollar” (he is simple “still bullish” on USD) – and “deflation” on this paper currency…
It is ridiculous Max.
Please do not invite this idiot more on your show.