Stacy Summary: This is yesterday’s Keiser Report. I will post the Youtube link when that is available.
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
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- Michael Hudson
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crash banksters – Buy Silver & gold
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Most recent: 
Max, just a linguistic thought: instead of kakastocracy, why not coprocracy. It goes well with corpocracy and even with aristocracy.
I just started visiting this site and I can’t get enough. Stacy and Max – you’re awesome.
I haven’t made my monthly trip to Costco, but when I do I’ll buy two packages of toilet paper – one for the house and one to cover my credit card and mortgage payments.
Hey I have an idea? Why don’t we dedicate a month where we all send a sheet of toilet paper to these corrupt institutions instead of a cheque? If the banksters can do it, why can’t we?
I think this forum is kinda need and Casper is a little wining baby cause we do react on the show, always. I can call him a name cause he called us one and that was not a flattering one too. He just could have placed his comments her but instead went to the boss wining.
This forum contains real passionate people who really dig into something and keep topics going. The people here are very forgiving and maybe a bit to real for some.
@frances snoot
Gree whit Ya.
@Sirial
This doesn’t come near how banks behave in their criminal so-called self regulation. Even the cosa nostra his holy compared withe these shysters cause they kill by the million.
Coast to Coast AM 2/16/2010 Mafia Secrets http://tinyurl.com/ycl5rdm
“You know, I don’t think these people infesting your comments section (maxkeiser.com) even watch the shows anymore.”
http://docs.google.com/viewer?a=v&q=cache:lOYROVmNwAcJ:www.willamette.edu/cla/rhetoric/courses/Rhetcrit/readings/Hitler.pdf+Nazi+jewish+infestation&hl=en&gl=us&sig=AHIEtbSyUEtuPo6WBHueToAog5hK-9FOLw
Self moderation on forums is pretty much the same as self regulation of banks, forget about it.
If you want a tight and on topic forum, you will have to moderate.
I know this is like shooting myself in the foot but @LN and @harry_w are right with the comment:
“You know, I don’t think these people infesting your comments section (maxkeiser.com) even watch the shows anymore. It seems to have become a usenet type group for kooks. Regretable. It means that those of us who wish to commend you on your most excellent programming are forced to clutter up your inbox. So sorry.”
There is a balance here, on one side I like all the random links provided by various people BUT I also see that almost all of them do not belong where it is posted. There should be a constant “Birdfeed” section on this site for all link news or something like that to get it away from the comment section.
I know I have mentioned it before, this site must look quit messy to a newbie popping by wanting to leave or read comment on the latest show or topic for then to discover that only 1in5 comments (if their lucky) covers the theme.
Now, I enjoy many comments even if they are off topic but as LN writes it is turning to a Usenet type group which is not a positive thing for this site as it is now me thinks, though it could be IF it can be separated away from the comment section unto some other forum.
It is a bit weird to criticize the very same thing I do but I think about that now and then especially when reading comment sections on other news sites, forums and so on where I read comments because I want to know peoples viewpoint on the subject and if the article has some wrong info people correct it and post links to source or post additional information to support the article and so on…
In one respect we lack that here. And if it do come up it just drowns among all other chit chat hardly noticed.
self censorship? no, just need a different placed to put the off-topic information.
@ max keiser,
Yes it’s a shame, but partly the product of the format and the lack of constraints, which might focus comments.
Interesting comments on US prospects reported by the FT and their Alphaville blog reporting the analysis of Richard Duncan, partner at Blackhorse Asset Management and author of The Dollar Crisis on Tuesday, regarding his new book The Corruption of Capitalism.
http://ftalphaville.ft.com/blog/2010/02/17/150521/the-us-is-not-a-viable-concern-anymore-duncan/
…In Duncan’s words, the collapse of Bretton Woods represented the moment “capitalism became corrupted by government debt”.
…The point being: the world’s largest economy and engine of global economic growth — the United States — is simply not a viable concern any more. As Duncan explained it:
“The country is de-industrializing because wages in the US are up to 40 times higher than those in developing countries like China. Therefore, the United States makes very little that the rest of the world cannot buy somewhere else much more cheaply.”
And so, like any troubled company, the US too must restructure itself if it is to remain operational, says Duncan.
@Max
“..Synarchy. Alan Greenspan was a Randian.”. Wtf..Not just a captured opportunist?
Someone send me the audio of GS employees being waterboarded (below the numbers) http://tinyurl.com/y893cem
max, really great show. pg
AntiSpam doesn’t like the first link !
Feeling Queasy? – Monday 7th September 2009
Quantitative easing in the US, UK and Eurozone…
BY END-JULY 2009, sales of new US Treasury bonds had already outstripped full-year sales in calendar 2008.
Creating money from nowhere, the Fed’s asset-purchase scheme – better known as quantitative easing – bought bonds equal to more than 18% of that 7-month record, effectively financing $224bn of the total $1.2 trillion in new government bonds.
No, the Fed didn’t simply hand that cash straight to the government. But it funded the national debt via the primary dealers who did buy the bonds…only to sell them onto the Fed…and thus stumped up 32% of the net cash flowing to Treasury from its bond sales (gross issuance minus maturities). Which was handy. Because the sums raised by personal taxation fell by one-fifth in the second quarter compared with April-to-June 2008. Federal spending rose 6.4% regardless. Money from nowhere sure helped.
…
…
http://tinyurl.com/lqopov
Source :
http://tinyurl.com/kkc8j
@Youri,..Quite the show they’re giving the public, don’t you think!
We both know the ultimate goal (and so do these guys),.but they’re attempt at entertaining us is laughable.
I suppose they have to make it obvious to Joe baggo, to get some discontent circulating.
As long as everyone is singing from the same songbook huh,.: )
Feeling Queasy? – Monday 7th September 2009
Quantitative easing in the US, UK and Eurozone…
BY END-JULY 2009, sales of new US Treasury bonds had already outstripped full-year sales in calendar 2008.
Creating money from nowhere, the Fed’s asset-purchase scheme – better known as quantitative easing – bought bonds equal to more than 18% of that 7-month record, effectively financing $224bn of the total $1.2 trillion in new government bonds.
No, the Fed didn’t simply hand that cash straight to the government. But it funded the national debt via the primary dealers who did buy the bonds…only to sell them onto the Fed…and thus stumped up 32% of the net cash flowing to Treasury from its bond sales (gross issuance minus maturities). Which was handy. Because the sums raised by personal taxation fell by one-fifth in the second quarter compared with April-to-June 2008. Federal spending rose 6.4% regardless. Money from nowhere sure helped.
…
…
http://goldnews.bullionvault.com/queasing_easing_090720091
Source : http://www.housepricecrash.co.uk/
@Dedo
Still unbelievable who Goldman Sachs can help hiding debt for a country on an highly dubious way, maybe even illegal way according to EU law and use the same “Inside Info” to profit from it in attacking a country?
I guess the term illegal legal doesn’t mean anything today. It’s all color of law.
I hope I did’nt give ‘em ta Idea
Hic
@ Max
I was thinkin they’d hafta reduce the price of Oil even if Peak Oil exists
Cause they’d hafta get thier ratings up again (and on all kinds of Energy as well)
It can so easyly be done with all the trillions
After all its on a computer
so I foresee a dip in Gold prices as well
Hic
U.S. state pension funds have $1 trillion shortfall: Pew http://tinyurl.com/ylqq7d7
“It would be a disgrace if it turned out to be true that banks that already pushed us to the edge of the abyss were also party to falsifying Greek statistics,” said Ms Merkel during a speech in north-eastern Germany.
Was that a tongue in cheek comment I wonder,,hmm : )
http://euobserver.com/19/29498?
Oh and GMO food also responsible
@ ME
ROFL
Always hated SUV’s
It only makes sense if ya own a Farm or live in the country side.
Well I think ya can get laid in it I think thats the reason why it sells
Hic
GM has to recall all its SUV for a ‘dumb idea’ problem !
We might as well do some digging, while looking for Osama,..: )
http://www.businessweek.com/news/2010-02-18/chinese-afghan-mining-project-will-need-monitoring-experts-say.html
Tayota might hafta recall thier corolla model over power sterrin problems
Scoty Dump Tayota shares !!!!!!!!!!!!!!!!!!!!
He, Max Great show Love Ya!!! http://www.wimp.com/loveyou/
Hi Max,
Great GOLD necktie, buddy! Wonderful! Sends the right message (as they say around here).
You know, I don’t think these people infesting your comments section (maxkeiser.com) even watch the shows anymore. It seems to have become a usenet type group for kooks. Regretable. It means that those of us who wish to commend you on your most excellent programming are forced to clutter up your inbox. So sorry.
Frankly, sir, I laughed out loud at your wonderful toilet paper remarks to that fellow, Mr. Obama. In fact, your program generally makes me laugh out loud. Superb political comedy in my opinion.
Also, I much appreciated your positive remarks about Trade Unions. Perfect. The Mish-ian “Libertarian” idea of using this collapse as a convenient occasion to destroy Unionists is beneath contempt. But then, I understand that fellow is a “programmer” not an Economist per se — and of course I mean that term as it used to be used before the Neo-Feudalists completely ruined it.. ie., as an historian of political and economic ideas. I am a programmer myself. I have counted Mr. Thompson and Mr. Ritchie as among my acquaintances and respect them both very, very much. But I believe this infatuation of latter day computerists with the faux-religion known as “Libertarianism” is quite ignorant. They have not followed the tracks back to Synarchy. Alan Greenspan was a Randian. He is one of the fathers of this horror. Milton Friedman was a buddy of that rapist butcher Pinochet.
Well, I won’t bore you with a long rant. You are a smart fellow, Mr. Keiser. It is one of the great accomplishments of human kind to be able to transmit information in an amusing way. I wish I had that ability.
“Casper Studly” (which is of course the name of a cat)
LN
Testimony of Chairman Alan Greenspan, The regulation of OTC derivatives
Before the Committee on Banking and Financial Services, U.S. House of Representatives, July 24, 1998
Quote: “Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”
http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm
New COMEX Rule: Another Reason to Fear ETFs 17 February 2010 (GoldSeek) http://tinyurl.com/ykrbq79
Some Gold links: http://tinyurl.com/ybgeqxy
Gold Telegram http://www.scribd.com/doc/20215562/Gold-Telegram
I have a correction to my posting above.
It appears that Zero Hedge (MISH) already presented a theory which is being supported by recent TIC data.
http://www.zerohedge.com/article/mystery-chinese-treasury-holdings
It’s physical Mike. It will be snatched up in a fraction of second.
Gold UP UP UP UP UP UP and AWAY in euros…… How’s that for the barbaric Soros relic ? Meanwhile the hedge funds fall in love with Citi. What a bunch of deluded morons ! Al Walid that dirty Saudi Arabia prick, gave an interview to that Bilderbeg scumbag Charlie Rose. Pump and dump operation on Citibank.
Stick to gold and screw Prince Al Walih that consumate criminal with his Citibank crooks. New World order scumbags. Have you noticed.The more the news is horrible in Europe, the more fhe US go up. Morons indeed.
http://immobilienblasen.blogspot.com/
IMF to sell 191.3 tonnes of gold on market ‘shortly’
http://www.google.com/hostednews/afp/article/ALeqM5hd-kESCr6kVFWIdGXsouA5p0UBYA
Is that physical gold or paper gold?
Obedian Linux helps to hide and neutralize the cookies and the IP adresses. Quite brilliant. Freedom is difficult to snuff out. It’s like a “bad” weed. Must admire these open source programmers. Like these rebels
http://www.01net.com/editorial/512733/odebian-le-systeme-dexploitation-anti-loppsi/
LINUX programmers developing an ANTI cybersecurity operating system that will shortcircuit the MAFIA. THE MAFIA OF THE NEW WORLD ORDER THE TOTAL WORLDWIDE TYRANNY emanating from the USA and Europe.
http://www.01net.com/editorial/512733/odebian-le-systeme-dexploitation-anti-loppsi/
Quite ingenious. We will have to fight against the coming tyranny and the TOTAL censure that they want to implement on the internet. Sorry article en français. Good site for open source community. The war against freedom continues in the USA and Europe. And it’s a war against ordinary people not terrorists in a cave. It’s us they want to kill and silence, not Ben Laden. Obedian Linux. A new war tool against the undemocratic agenda of our ruling classes.
Catchy name Obedian Linus. Make me think of OBEYOURMAMA Mister Change.
@MAX – Toilet Paper — -yes!
It would appear to me that “MORAL HAZARD” has a new name. It’s Charmin…as in… Don’t squeeze the charmin… er… I mean “moral hazard”.
At least the Charmin toilet paper is biodegradable. Moral hazard has a habit of really hurting you when it unexpectedly shows up in the wrong place.
@ronron – your suggestion that china may want to buy the remaining IMF gold is a logical one…. but I don’t think the IMF will let China get it. India showed up last time. Even Sri Lanka ended up getting some… but no China.
@Y’all –
Even though China is a logical buyer of the IMF gold, the IMF appears primarily controlled by the same people who are driving down the price the gold against the fiat currencies.
The logical Central Bank buyers of the IMF gold may have been caught unready for this IMF announcement. There would be timing between the Dalai Lama’s meeting with Obama and the IMF announcement today. Both are meant to inflame the Chinese.
Meanwhile, the US Congress is threatening their largest other trading partner (Japan) through the Toyota harping. Having a bunch of lazy ass Congressmen complaining about Toyota is a joke. Where were these moronic bastards when Lloyd “Call me God” Blankfein and Timmy “Goldman sachs me good” Geithner were raping the public treasury?
Now, here we sit. Will the asians be blamed for the myopia that has beset the Manhattan Wall Street bankers nexus and the DC pat on the hiny crowd?
Here’s my guess…. China flushes its US Treasuries to private hedge funds in Singapore, the Caymans, and Switzerland. Then, those hedge funds privately liquidate the notes and then exchange for gold. Now, if there were doing that in USD, you would see the USD/gold price move more. Instead, you’re seeing that in the Euro. Therefore, my guess is that the Chinese are buying Gold in Euros.
What do people think of my logic?
Coast to Coast AM 2/16/2010 [1/15] Mafia Secrets
http://www.youtube.com/watch?v=p9c3t1a9j7Q
Roll Over Beethoven ! Roll Over mega time of debt for Italia and France in 2010. Bad timing. Record debts and interest speart explosion.
http://boombustblog.com/Reggie-Middleton/1316-The-Coming-Pan-European-Soverign-Debt-Crisis-Pt-4-the-spread-to-western-European-Countries.html
One fantastis site. You should invite Reggie Middleton sometimes. Razor sharp analysis.
@nobody -
KUDOS to you on the North Dakota Unemployment rates!
Great observation!
http://www.bls.gov/web/laumstrk.htm
Home-purchase mortgage applications fell a seasonally adjusted 4.0% http://tinyurl.com/ylke823
More gloom ahead in commercial real estate http://tinyurl.com/ylpcx46
U.S. runs $43 billion budget deficit in January – 16th straight month deficit 17 February 2010 (MarketWatch) http://tinyurl.com/yfmggyu
Goldman Sachs Sues Seven Former Wealth Managers `Pirated’ by Credit Suisse Goldman Sachs Group Inc. sued seven former members of its private-wealth management division who resigned this month to join a unit of rival Credit Suisse Group AG. http://www.bloomberg.com/apps/news?pid=20601103&sid=a8tQCBS1kxPE
Why the IMF’s supposed gold sales don’t mean much
http://www.gata.org/node/8340
Merkel Slams Greek `Scandal’ as Goldman’s Role on Budget Draws Attention German Chancellor Angela Merkel said it would be a “scandal” if banks helped Greece massage its budget figures, as attention turned to Goldman Sachs Group Inc.’s role in Greek efforts to conceal the size of the country’s deficit. http://www.bloomberg.com/apps/news?pid=20601085&sid=af5SBRgDTMMg
We are saved, lets get back to spending. Yeeehhhhawwwwww
Canada & US economy rebounds sharply, but job growth still seen as lagging
http://ca.news.finance.yahoo.com/s/29012010/2/biz-finance-canada-s-economy-rebounds-sharply-job-growth-lagging.html
http://www.davidmcwilliams.ie/2010/02/17/a-legacy-of-debt-is-not-the-best-start-for-our-children
@g7enn
enjoyed your link to the ‘parenting healthy children’ site… I have just been watching some stop motion movies my nine year old nephew made using his lego pieces… it’s great to see what young kids can do with a bit of technology and their imaginations!!!
‘School’s mobile phone film wins diversity prize’
http://news.bbc.co.uk/local/southeastwales/hi/people_and_places/arts_and_culture/newsid_8513000/8513415.stm
European Think Tank: EU will survive U.S. and the U.K. will go belly up http://tinyurl.com/yfpex59
European Think Tank: EU will survive U.S. and the U.K. will go belly up http://www.leap2020.eu/GEAB-N-42-is-available!-Second-half-of-2010-Sudden-intensification-of-the-global-systemic-crisis-Strengthening-of-five_a4294.html
@Marc Authier
I completely agree.
@Maxkeiser
Got to get Michael Hudson back on your show!
Independent bank in N. Darkota, i mean independent from FR
@Mr Unemployed
Thanks for the Counterpunch article. OK for the diagnostic. Love these analysis. But nobody a part from Alex Jones and Ron Paul, seemsto have a game plan to get rid of these rats.
I think Americans should look at N.Darcota. They have an independent central bank, and their economy has been doing fine. Don’t need to look futher to look for a solution. I think they can learn a lot for N. Darkoda.
It just proves that European politicians are fundementally very stupid creature. You should know that it’s not a good idea to sleep with Great Satan. Who is to blame then ? Politicians are irresponsable donkeys. They really took the hook and bate totally. Anyways if Europe was serious, kicking out Goldman Sachs of Europe, arresting ALL the people working for Goldman Sachs or renting a guilotine for a couple of days for immediate use would do the trick. Greece can go to hell so as the rest of Europe. That’s what happens when you trust a bunch od neo-nazis rats from New-York. Swap you you stupid Europeans. It’s the new vulgar term. Go swap you to hell dear Greece. In reality the game plan for the USA is quite clear. Assasinate the Euro and destroy the european union. It’s cristal clear. Oridinary Greeks are right to be mad as hell. The Greeks politicians should be tried for high treason and sent in prison with Bernie Madoff.
Apologies if this has already been posted. I didn’t check.
Wall Street Moves in for the Kill
@Phil /Germany
Wow! That’s a hot story. Bin so busy posting y’all links around that I didn’t even had time to find some of my own.
South Carolina Lawmaker Seeks to Ban Federal Currency 17 February 2010 (CBCNews) http://tinyurl.com/yhkn7kd
See how unemployment rises as incomes drop—anyone for more trickle down BS??
$150,000 or more, 3.2 percent
$100,000 to 149,999, 8 percent
$75,000 to $99,999, 5 percent
$60,000 to $75,000, 6.4 percent
$50,000 to $59,000, 7.8 percent
$40,000 to $49,000, 9 percent
$30,000 to $39,999, 12.2 percent
$20,000 to $29,999, 19.7 percent
$12,500 to $20,000, 19.1 percent
$12,499 or less, 30.8 percent
@Marc Authier
i agree European leaders have been stupid to relying on dear lover US too much and marginaliging the relationship with Russia. If they were smart enough, they would have built a good relationship with Russia. They need energy (gas or oil).
The Russia has plenty of natural resorces for Europe. If Europe was acting clevely, it was’t China but Europe would have had a better energy contracts with Russia.
Well, time to pay the price for their stupidity.
@ Palantri
“I know that Evans-Pritchard dosen’t do TV but at some point please try to get David McAlvany on the show, he is so full of knowledge and has a clear view of what is going on.”—-> I agree. The son’s insight of the market is much better than the father.
@ jon
Thanks for the link about ex-greek prime minister says other countries did swaps too. So Goldman-sucks fingers are everywhere. Disgusting!
Screw the IMF. So what anyways. I know somebody in China and Russia very interested at buying. These IMF monkeys can go hang themselves. 15$ on 1116$ is not what you could call a “tumble”. A smallisg daily fluctuation. Whoaaa. And meanwhile in the parper market ?
@ Zak.
Are you a saver when you invest your money by lending it to a bank without even controlling the interest rate?
I would say that if you save by putting money in a bank deposit box then you are a saver. (though the sneaky stealthy inflation monster will steal a little bit every year there too, can’t escape that monster anywhere except precious metal)—> By Palantri
Heard Peter Schiff saying tat the Kroner is backed by the Dollar
So my guess is it also turns belly up—-> By Bonn
@ Zak.
read the comment by Palantiri and Bonn right above.
You will get some degree of insight of what to do to protect your wealth.
@eureka Ma !
typo: just going through the motions and continually repeat yourself!!!
@eureka ma !
youri, don’t take this the wrong way… because, I am only trying to show a little avuncular concern… but I just noticed on sunday you wrote:
‘Sure, go ahead, laugh if you want to. I’ve seen your type before: Flashy, making the scene, flaunting convention’
er, youri… you said these exact words to me not just on sunday… but also about 6 months ago, now as much as I am a fan of sustainability and respect your ability to re-use and recycle your WORDS, er, you don’t have to treat this site like a job you are BORED shitless with. Really you don’t have to act like you are content with just going through the motions continually repeat yourself day in day out!!!
PS. Youri, remember the good ol’ days ’bout 6 or 7 months ago when I posted, that I thought someone could develop a piece a software to do link collecting with more imagination and personality than you exhibit, well I lied I always thought someone HAD!!!
‘
French Net Filtering Plan Moves Forward: http://www.pcworld.com/article/189542/french_net_filtering_plan_moves_forward.html?tk=rss_news
and the epic battle between the barbaric metal and toilet paper will go on all night. bye y’all
Haha, throw Lloyd Blankfein into the river unless he turns toilet paper into gold, haha thats great.
shep reacts to the economic news. http://www.youtube.com/watch?v=8ivP288jgvg
Re South Carolina; hang on, isn’t it S. Carolina where you have to register if you want to overthrow the Government? Wouldn’t implementing a commodity backed currency be central to overthrowing the Government? Has Congressman Pitts registered?
me thinks stellas SDR’s will hold the wests pensions?
@Phil/Germany. maybe the IMF is filling there SDR’s with chinese held US paper in exchange for gold as we speak?
The Alex Jones Show with Webster Tarpley 16 February 2010 (and more) http://tinyurl.com/ygrmrfp
Gold Tumbles As IMF Reaffirms Plan To Sell 191.3 Metric Tons Of Gold Over Time in Phased “On-Market” Gold Sales
http://www.zerohedge.com/article/gold-tumbles-imf-reaffirms-plan-sell-1913-metric-tons-gold-over-time-phased-market-gold-sale
LOL … look what happening after the last 200 tons was ( supposedly ) sold !
( Gold went up )
Greek Ex-Minister: Other Euro Countries Did Swaps Too
http://www.cnbc.com/id/35438321
EXACTLY what I posted earlier today !!!!
Thankyou .. self praise stinks, but you gotta hand it to me !
South Carolina Lawmaker Seeks to Ban Federal Currency
…
South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.
As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.
In an interview, Pitts told Hotsheet that he believes that “if the federal government continues to spend money at the rate it’s spending money, and if it continues to print money at the rate it’s printing money, our economic system is going to collapse.”
“The Germans felt their system wouldn’t collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s,” he said. “The Soviet Union didn’t think their system would collapse, but it did. Ours is capable of collapsing also.”
…
http://www.cbsnews.com/blogs/2010/02/17/politics/politicalhotsheet/entry6217403.shtml
celente http://www.youtube.com/watch?v=Tx0ozgqmjNc
or wanna tell you how max and stacy make a living. i agree @SG. so shut up about it.
boy the bar has been lowered on becoming an old cynic.
@Y’All
maxstock, huh… I can’t help but smile… to see some of the newer posters, who seem to have that look on their faces like they are standing around amazed and don’t know what’s happening… coz they are seeing Max Keiser post on here so much lately, an old cynic like me might feel it’s a contractual obligation thing, or maybe Stacy has told him to pick up some of the slack now they’re getting paid from the ads!!!
@Youri. hahaha. works everytime. i looked twice.
more partying http://www.npr.org/templates/story/story.php?storyId=123761651&ft=1&f=1004
@SG
Shut Up! http://tinyurl.com/ycrs9tr
i like party’s where people guess the size of your dick.
@SG. brilliant.
Reading the outraged reaction of Angela Merkel in the Figaro, I wouldn’t be surprised. Don’t forget the Germans have always had strong relations with Russia. The second world war was an unfortunate accident. Being German, I would be tempted to sayt to the UK and the USA to go fuck themselves. That’s what I would do if I would be Angela.
@Y’All
Ain’t Nothin But A PARTY, Y’ALL!!!.
and you know you are at a crap party when people start asking you what you do for a living or wanna tell you what they do!!!
@ronron
100% with you. Fuck Money and fuck the canadian Conservative party and the Liberal party too. Because if the fuckin USA goes to war with Iran, our mother fucker in Ottawa will use out taxes for a stupid war. I have no solution. The only thing that I am sure. 400$ US oil is a certainty and a thermo-nuclear war against United States is almost a certainty. I don’t see how the Russians and the Chineese can make a deal with USA. If they do, they freakin stupid anyways.
Got Alberta oil and gas stocks ? Love them. Stupid demonic USA and Israel crazies. Who knows ? Maybe the end of the world is really for 2012 ?
@ Bk – Doug
Britain could do with a substantial oil reserve right now yum yum
more propaganda blaming russia and china. fuck. http://www.theaustralian.com.au/news/opinion/tehran-on-a-path-to-our-destruction/story-e6frg76f-1225831541818
@Marc Authier
Gree, America is gone but Europe is stupid enough to walk behind ” a dead man”. Would be much better for Europe to make good friends with Russia and China and leave the sinking ship behind. We’ve got so much to gain from a good relation ship with Russia but America knows they’re making politics on old sentiments which is a very bad advisor.
Russia has energy, the ressources, the territory. The USA has nothing TODAY to offer to Europe. Europe should say to the UK and the USA: “Go to hell.”
@Youri
The UN should be abolished. This organization is a scam. It was the same thing with the WHO and the presumed pandemic. The world government is proving one big scandal. What I find quite fantastic is the Russia, Chna, India and Africa finally understand what is behind Obama, that Goldman Sachs puttet.
Marc an alliance between Eurozone and Russia is highly probable once the empire falls
Cancer – Deadly legacy of the invasion of Iraq http://tinyurl.com/y8dog8v
@ronron well as long as its not viral you can be cured
Texas Takes EPA to Court Over Carbon Fraud 16 February 2010 (Kvue) http://tinyurl.com/ygun2r2
Utah delivers vote of no confidence for ‘climate alarmists’ 12 February 2010 (Guardian.UK) http://tinyurl.com/ydz5gdn
Lawmaker: Climate change just ruse to control population 5 February 2010 (The Salt Lake Tribune) http://tinyurl.com/yhjm6dr
It’s starting to be a real pattern. Goldman Sachs used Club Med but probably Ireland too, to destroy the euro. It’s clear as cristal. And the next shoe of hidden debts to drop will be Spain, Portugal and Ireland. Want to bet ? Don’t.
@TJ
Sailing on one of those arabian boats, that’s pretty cool..
@M/A. can you tell me about carney. where’d he come from. were in a glass house my friend.
Stupid Europe. You should do an alliance with Russia and fuck USA and Britain.
@Phl
New COMEX Rule: Another Reason to Fear ETFs
Well isnt that a form of default. ?
Its just the a promise note of owning physical now its not even that, its a promise for a promise for a promise?
Well hay, who am i to argue paper is popular right?
@M/A. you realize quebec and the rest off us are being sucked into the same bubble. were piigs too.
@M/A. did you mean greek government? put away the paint brush.
Confirmation. That shitbag Berlusconi used the same instruments that the dear shibags Greeks used to hide their debts. Dear Angela you are totally screwed. by Lloyd Blank-fecal-fien. What would it take ? Probably a squad of hit men to ger rid of this Cosa Nostra of New-York terrorists. Europe you are TOTALLY screwed by your good USA buddies. That’s what so funny.
======================================================
Eurostat, l’organisme chargé d’évaluer les comptes publics de la zone euro, a demandé aux États de faire la lumière sur leurs opérations. Mais le contrôleur n’est pas exempt de critiques lui-même. Jusqu’en 2004, en effet, Eurostat n’incluait pas les titrisations comme de la dette logée au passif des États. Il a revu sa position en 2004, ce qui aurait conduit certains, comme l’Italie, à cesser de recourir massivement à ce type de montages. En 2008, également, il a réintégré les swaps de change, comme celui incriminé de Goldman Sachs, dans ses comptages. Certains doutent toutefois que les États soient complètement rentrés dans le rang : «Il est très surprenant qu’en dépit de la récession la dette de l’Italie – très élevée – n’ait pratiquement pas grimpé officiellement», relève Antoine Brunet, chez AB Marchés.
Say’s it all. Goldman Sachs is NAZI criminal organization. It is. It never stops. And supposedly their crimes will stay unpunished because Angela is coward like ALL european politicians.
@Snoot. neil sedaka. sorry hahaha.
@GGees. it’s amazing what a fella picks up round here. thanks.
@ronron:
sorry, you didn’t leave a disclaimer
ronron these governments serve their masters wishes no the people
wish i could read french.
http://www.youtube.com/watch?v=1aFymSogiUY&feature=related
http://www.lefigaro.fr/conjoncture/2010/02/18/04016-20100218ARTFIG00012-dette-grecque-goldman-sachs-au-banc-des-accuses-.php
There is ONE SOLUTION with the people from Goldman Sachs.
“This stupid teutonic moron didn’t know that the USA has only contempt for “Old” Europe. I hope these stupid Europeans have learned something.”
I disagree, Marc. We loved the ‘Sound of Music’ over here.
@Snoot. you wouldn’t kid old ronron would ya?
propaganda. yikes
and our prime minister and his lackey’s mouthing off about iran. wish the governments would stay home and we’ll mail them a monthly cheque. if they didn’t do anything we’d be better off.
ronron,
heh.
I bet you didn’t agree with that Fox New’s link, did you?
Sac Bee reports on ghost malls in Kalifornia http://www.sacbee.com/topstories/story/2536025.html
http://www.lefigaro.fr/conjoncture/2010/02/17/04016-20100217ARTFIG00825-grece-merkel-tire-a-boulets-rouges-sur-les-banques-.php
Are there some spare guillotines somewhere. Stupid german right wing german morons. Suddenly they wake up and see that Goldman Sachs and Obanana are screwing them right and left. The guillotine would be quite an à propos solution for the people working at Goldman Sachs in Europe. This stupid teutonic moron didn’t know that the USA has only contempt for “Old” Europe. I hope these stupid Europeans have learned something. Don’t trust the fuckers from New-York and London. Angela probably knows that Goldman did the same thing in Spain, Italy and Ireland.
there be a lot of smoke before any SDR’s
A little nutty out there eh stella. is that the p word?
New COMEX Rule: Another Reason to Fear ETFs
http://www.goldnewswire.net/new-comex-rule-another-reason-to-fear-etfs
Angela Merkel denounces Goldman Sachs. Well Angela and all of you really stupid european USA lick-ass, you know what you have to do with people working for Goldman Sachs. Prison and then ? the guillotine.
and another friend http://www.nydailynews.com/money/2009/03/21/2009-03-21_world_trade_center_developer_larry_silve.html#ixzz0fi43SbKE
http://www.zimbio.com/Peer+Steinbrueck/articles/20/Swiss+German+tax+row+turns+ugly+Nazi+jibes
Fort Yuma and the Indians? Ride-em cowboys!
fuck money http://www.foxnews.com/opinion/2010/02/17/bradley-blakeman-iran-nukes-obama/
and more http://www.cnbc.com/id/35438321
more money talk. http://www.innworldreport.net/inn/index.php?option=com_content&view=article&id=2115:foreigners-in-record-flight-from-us-treasuries&catid=36:international&Itemid=1
Krugman continues to be the twit of last resort
Krugman Says Inflation Is The Answer
http://globaleconomicanalysis.blogspot.com/2010/02/krugman-says-inflation-is-answer.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
@ME
re:
@Snoot
UK is a sovereign country, besides there’s just no European word to say ‘Whatever’.
Don’t know if this applies but in French
“N’importe quoi!”
Best Keiser Report ever!
ROFL, Max you are an incredible entertainer, I love your shows.
Now I’m going to watch the episode again….
@Snoot. i still love you.
@Palentiri. my point was it’s all debt and gone.
@Palantiri. ya money heaven. the oligarchs.
and greese can say fuck the euro and default .back their own currency with a basket of goods that includes gold. what they gonna do bomb them. probably.
@ronron – yep, sometimes money just disappears, it just vanishes, “it goes to money heaven!”
someone here said that germany only accepts euros printed there. you could have a devalued greek euro. i can see that happening.
@Gordo – that is exactly what Evans-Pritchard said as well.
@Palantiri. all this so called money spent will not be repaid. it was squandered on 90 euro meals worth 50p and sponge bob square pants. it’s a charade.
According to this guy Greece will be just fine it is Germany, France that will get screwed by a default.
Greece: Our Debt, Your Problem
http://paul.kedrosky.com/archives/2010/02/greece_our_debt.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InfectiousGreed+%28Paul+Kedrosky%27s+Infectious+Greed%29
Anyone picked up on the blockade of the Falklands by Argentina. An oil rig was due to turn up today.. On the face of it Argentina can’t afford a war but who’s behind them? Brazil? Russia? China? Chavez? And can Britain afford a war there? Is this another front opening between China and the US?
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7029609.ece
@Phil/Germany – It is a bit worrying how entwined all nations are, Germany may seem strong but as Evans-Prichard points out, if Spain defaults so will German banks and suddenly Germany doesn’t seem that strong anymore.
Is Europe turning to a North/South region as known from America in 1860′s? if so what will that eventually lead to…
@TJ. forget the blessing. mail me sovereign.
Gold has limits. It cannot be created manufactured. Because of this its seen as fair and has been used by most advanced civilizations for indirect barter and a store of value. It shouldn’t be valued in and of itself, unless used a jewelry, but used as a medium of exchange.
@ Mother Earth
I like the name of the place, that’s a start. We can sail there on weekends
@ronron
Bless You!
@Phil/Germany. nice of the dutch to want the same for greese as they want for themselves. equality.
@TJ
Or djibouti, if you like real booty
@TJ. heaven and hell are a control mechanism. you’ll never see him again.
@ Phil / G
Funny how every European polled wants out of this clusterfuck.
@Mother Earth
Didn’t really mean to be cruel.
Ghana has too much British influence. Join my crew to Mogadishu, it’s practically a duty free port.
BYOB
Bring your own bazooka
@Tsar Caustic
A poll for Dutch daily De Telegraaf on Wednesday showed some 92 per cent of Dutch wanted Greece out of the euro, while over 90 per cent favoured the Netherlands and Germany exiting the euro area and getting their own currency back.
http://www.globeinvestor.com/servlet/story/GI.20100217.escenic_1471412/GIStory/
Time to move to Ghana..
Watch Germany assert itself as leader of the Eurozone: and not a democratic head of state.
@ronron
My late father-in-law owned a few banks in the midwest. He’s surely rotting in hell for all the farmers he foreclosed on. Kinda sucks to know I’ll be seeing him again, ugh
@M/E. they are cutting there losses as we speak. these losses are people.
Remember last year they were saying the central/eastern european banks were going bust? Well what happened to that? And this is more of the same. The EU can cut Greece lose; but Greece knows they would slide into the 17th century within days. Grece must abide by the laws now. And so must Spain, POrtugal. Meanwhile California and Illinois are beyond repair.
@TJ
Imho the only function debt has is to get the money that has been created back out of circulation, it has no real purpose, it creates no wealth, the damage is done. Some people expect to be spenders based on the debt repayment, but how important are they? I think utterly unimportant.
Its bettter to defuse the financial weapons of mass destruction asap. Cut the losses as my grandfather said.
Max, I’m very sorry about this ignorant Russian saying gold is an illiquid item, when its really THE most liquid item on the planet, especially when you were freezing your nuts off. It was a low blow.
@Palantiri. pritchart is right and full of shit. typical
@TJ. haha that would be fun to watch.
@Mother Earth
I don’t think Greece should be forgiven the debt, feel the same about Italy, Spain, Portugal,Ireland, Iceland et al. I think the bankers should go to each of these places and try to collect in person.
@Tsar Caustic…. the Germans were never asked , but you can guess what they think at losing the DM.
… Pritchard : ” US has best “Democratic” structure”
I think he is wrong there … nobody has one !
@TJ
Yes, the HOGS did it, we run GS that ‘helpt’ plant this timebomb. The Euroblock has flaws in its execution and I am against quick money and speculation, but just like the people that spend their second mortgage, it is that spending that was unwise and should not have occured. Now in the current context Greece I think should be forgiven their debt, but the spending habits it allows then also need to stop. Tah is not an act of agression or control, just a necessity to give the Euro its value. If Greece doesn’t want that they can opt out, which may work fine as they are a super tourist destination.
I never get how debt can remain in existence for decades, if people lacked some imagination we would not have all these problems..
@Palantiri — that was an interesting interview, I thought AEP was surprising “optimistic” about US prospects, but maybe in relative terms…
Here’s another log to add to the Euro pyre – 69% of the French regret the Euro: http://fr.reuters.com/article/topNews/idFRPAE61F0XS20100216
@Palantíri … Is the Euro Terminal? An Interview with Ambrose Evans-Pritchard
Great find .. Thx.
http://www.mcalvany.com/podcast/
Says…
# North European banks are on the hook for 2 Trio. Euros. .. threatens to bring down the German banks.
# Euro shown to be unworkable – no central treasury, etc.
# Greeks shouting “Traitor Traitor” to the Greek Parliament.
# Spain, Portugal similar feelings ( mass social unrest etc. )
# Greece/Spain heading down … German wage freeze making it impossible for the debt-loaded countries to recover
# things will get VERY ugly in the PIIGS countries without a strong global recovery; people will start blaming the Euro and the whole Euro Institution
# Greece will have 200% Debt/GDP by 2015 .
etc.
Guess we’ll need those oil burners for a bit longer.
Plane crashes in Calif. neighborhood; 3 dead
House fires quickly put out; aircraft was owned by Tesla Motors executive http://www.msnbc.msn.com/id/35440606/ns/us_news-life/?from=ET
Identities of the victims were not immediately released. A witness told a TV station the victims were all employees of Tesla Motors, a company that makes electric cars.
Daniel Morales told KTVU he had previously flown with the pilot and was at the Palo Alto airport when the plane departed. He said the pilot was a high-ranking official at Tesla Motors, a company that makes electric cars, and two other company employees were also on board. Authorities, however, had not released the names of the victims.
The plane was owned by Doug Bourn, a senior electrical engineer for Tesla Motors, the company said. It was not immediately known whether Bourn was the pilot.
Tesla, which makes the Roadster, a high-performance, all-electric sports car, recently filed for an initial public offering. No one answered the phone at company headquarters in San Carlos, Calif.
@Mother Earth
Always ready to jump on the next band wagon aren’t you? One sec, let me loosen my tie, this global warming is killing me.
The thieving class exists in all countries so cut the shit with your theorising about how Greece reduced everyone’s buying power. This crisis begins and ends with the HOGS; Holland, Olde England, Germany and Switzerland.
Sure the Greeks like the rest took money but “they don’t take no shit!”
Now away with you, little man of dorky persuasion.
Re: Max Keiser’s plead to China to sell…
China sells $34.2bn of US treasury bonds
http://www.guardian.co.uk/business/2010/feb/17/china-sells-us-treasury-bonds
@Youri Carma
I see some resemblance there. . . . sure. But I wouldn’t say stunning!
Stunning resemblance IPCC Raj Pachauri & Rasputin http://img.photobucket.com/albums/v393/youricarma/Miscellaneous/IPCCRajPachauri-Rasputin.jpg
@Just Get it Right…yeh , just returned to latitude30N from Deerfield Beach…enjoy the warm air…it was 29 degrees here @ 7am….same for tonight…low 20′s…BRRRRRR!!!
Is the Euro Terminal? An Interview with Ambrose Evans-Pritchard – February 17th, 2010 (ca. 20 min.)
http://www.mcalvany.com/podcast/
Two people among my favorites in a good interview talking about Euro, Greece and other stuff.
I know that Evans-Pritchard dosen’t do TV but at some point please try to get David McAlvany on the show, he is so full of knowledge and has a clear view of what is going on.
INTERVIEW – Pension funds, central banks to boost gold in 2010
http://in.reuters.com/article/businessNews/idINIndia-46244020100217?rpc=401&feedType=RSS&feedName=businessNews&rpc=401
Why don’t you allow the people of Niger to profit off their labor?
Shall the colonized be retaliated against? Such a Dutch ideal! How can anyone possibly call the draconian measure being played out against the Greek people just?
IN an unjust system, Justice is served by dissidence.
WE rise up against those who would call justice served by paying illicit banking debt.
Hannan was right. Hypocrisy as a manner of governance.
For those who remember Sharon,.I’ve discovered where she’s hiding!
BTW,.she’s disguised her voice!
http://www.youtube.com/watch?v=FEhExE62lss&feature=PlayList&p=99C7C81F1248FA2F&playnext=1&playnext_from=PL&index=18
@Snoot. well you carry on up the jungle. i won’t palliate you again.
RETALIATION?
Why don’t you have von guttenbugs eat the Lisbon Treaty. That’d be a nice start.
ex- greek prime minister says other countries did swaps too. http://www.cnbc.com/id/35438321
goldmans debt swaps destabilizing http://www.cnbc.com/id/35421589
@Snoot
Fact remains Greece recieved foreign currencies, euros, dollars etc. and they spend that money, meaning they put people in the Eurozone and other territories to work and inflated the money supply reducing the buying power of everybody. That labour and material disposession is a real debt to Europe ea, and some retaliation for the irresponsibility is in order. Of course you would like to organize things differently but reality is the first thing to deal with..
joke http://en.wikipedia.org/wiki/Joke
The tolerance for racism allows racism to continue as a favored form of marginalization, ronron. I’m sure the Greeks would find the inclusion of a ‘joke’ used to stereotype as inappropriate as the usage of the term ‘piigs’ in the grammatical structure that was linked. Look at the sentence:
Such a move would put Greece, and all the PIIGS for that matter, in a much better position almost overnight.
There is no excuse for that sentence. The author ended his essay with this one:
The euro architects knew the difference between the monetary functions.
The euro architects were mostly Bavarian Christian Democrats. The movement can be linked to imperialism of a paneuropic base dominated by Germany. The facts are easily verified. The writer saw his support of the BIS/ECB as a means for self-ingratiation. The entire article smells like the bad fish of a shister.
Please, don’t palliate me with logarithmic nonsence, ronron. You do realize the Mises Institute has strong ties to the Christian Democrats? Sound money? I would quanitify that as: THE money, THEIR money, THEIR advantage. You guess whose.
(hint: not goldmansachs)
And if you do find that sentence distasteful, then realize that a switch to the sdr/reserve will mean absolute blatantly distasteful fare all the time as a matter of rule.
That coin looked like it was minted in Canada.
snow extent___called home-north of philly, west of new york still 16″ on the ground, talk of a potential noreaster this coming Monday night again, crap!
@fs__vacationing here in Fort Licqueurdale, its freakin chilly hear Stella … thought it is warm in southern orange zone … lol
@Snoot. that is a old joke told by greeks. it is funny in that respect. as you know i get no yuck out of other peoples pain .the greeks are not weak witch you will soon see. most canadian greeks have a great sense of humour. i don’t understand your anger at a link or a joke. i asume youve heard and seen a few. because you heard em or seen em doesn’t mean you own them.
I think the Rev. Strain is on to something here- a truly anti-Keynesian strategy. This is where religion meets economic theory. Within this context we could say that Keyensian economics reflected the man Keynes himself- secular, live for today, homosexual , anti-family, anti-future, anti-hope, anti-heaven.
On the other hand Rev. Strain and saveoursavers.co.uk seem to be Christian, pro family, pro future and pro-heaven . For isn’t savings like the belief in heaven itself? One is prudent, sacrifices today for what tomorrow will bring. Save for the children and all that. Isn’t everyone who saves thinking of creating their little heaven in the future, perpetuating the best conditions for the future of their DNA?
Let’s face it, Kenyes and his crowd were complete decadents who spent their lives partying at Plato’s retreat- his economic theory reflects the man himself. Spend and live for today. Influenced by Satan perhaps?
It seems the real capital -the savers needs to be separated from the funny money of the speculators. The real capital demands a much higher premium in the form of interest. This could easily be done by bankrupting every bank that retroactively didn’t follow the rules of Glass-Seagall. Retire all the funny money, Flush the Toilet paper down the drain. National emergency.
If you agree Max put your genius thinking cap on and help the poor Rev Strain.
PS; By the way Max You made me a proud fellow American giving that report in front on the Kremlin in sub zero weather, with no jacket! You are a stud! I hope you had some hefty longjohns on.
@underfunded
and where are we all gonna end?
in the back of a police car-cockney rejects:
http://www.youtube.com/watch?v=1lREDv6uU7o
We profit from laughing at the weak because we secretly support the strong: we all support the BIS as mother-succour. Is that your joke, ronron?
Because I’m not laughing.
@ronron:
I guess the greeks will be taught by the germans how to ‘share values’. I mean: the germans are the ‘good guys’ right? They only set up the EU, set up the banks BIS/ECB, set the exchange rates, and then pulled in the profits. Now they want to put greek balls in a olive press. nice.
@Snoot. 2 old greek friends run into each other on holiday. tony says to tom. how’s business? tom: the resturant burned to the ground so we took the insurance and sold the land. tom: weird my bakery was flooded and georgette and i did the same thing. tony: how do you start a flood?
Maxstock?
Let’s call it ‘Stockade’
and we’ll hold it in ‘Gitmo’
Maybe these guys can play,
DK- kill the poor
http://www.youtube.com/watch?v=L8zhNb8ANe8
‘Efficiency and progress is ours once more,
Now that we have the Neutron bomb,
It’s nice and quick and clean and gets things done.
Away with excess enemy,
But no less value to property,
No sense in war but perfect sense at home,’
Kill The Poor!
@Youri. how does a snow report from another commenter get to dishonest money? i’m out of the global warming discussion. was just telling you what’s happening here. you know day to day snow reports. price of pony rides etc.
Slaves don’t vote. Thanks Snoot. The agenda is quite clear. European bankster tyranny. Quite “amusing”. And what will happen when Italia, Espagna or England declares bankruptcy ? Slave status indeed.
@ronron
Well maybe you can join “Rasputin” and make some dishonest money.
Rasputin: http://i.dailymail.co.uk/i/pix/2010/01/24/article-0-07FAAF50000005DC-910_233x367.jpg
Rasputin: http://img.dailymail.co.uk/i/pix/2007/11_02/rasputinBBC1711_468x556.jpg
But you gotto be quick cause their gonna all go to jail soon.
Youre next in Holland and Belgium. Fundementally the whole of Europe, Germany included, is bankrupt.
Here’s whatever, Mother:
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7252288/Greece-loses-EU-voting-power-in-blow-to-sovereignty.html?utm_source=tmg&utm_medium=TD_eu&utm_campaign=finance1702pm
@max
maxstock?
why not,we already had madstock.
madness-the harder they come:
http://www.youtube.com/watch?v=o39pZIt8k_M
@Marc
Didn’t they have Parmazan collateralized debt obligations there..We can look forward to cheap wine once again..
Here’s an interesting interview with Mary Croft, explaining the UCC and its implications, etc etc
http://www.youtube.com/watch?v=2c2byZlTsOA&feature=related
@Snoot
UK is a sovereign country, besides there’s just no European word to say ‘Whatever’.
Is there a way to know how many supplementary billions of debt Italy is hiding ?
The ratio for Greece ws at 15% of total debts hidden. Wonder if Spain’s finance minister comes also from Grand Satan Goldman Sachs ?
@Fibon11235:
The EU council seems to make the rules as they go along:
“The European Commission said that, after an in-depth investigation, it had decided that the British government help was in line with EU rules.”
http://www.rte.ie/business/2009/1028/northernrock.html
@Youri. i live between lake huron and lake ontario. called the snow belt. very little snow so far this winter.
Phil:
Moths don’t flame; they fly.
@Snoot
Petty crisises are there to waste our time. Extremists are by definition not us, they are the quitesential depersonalized other. Don’t fall for their importance.
Slowly we will see a more open match of strenghts, cunning and ruthlessness to fix the ever widening debt hole, but at a certain piont those pushing the car will start wondering if it has an engine at all, and why it is so important to go where the driver wants to go..
Meanwhile big conflicts are hiden over the horizon until you and me are devestated or drafted.
Northern Hemisphere Snow Extent Second Highest on Record http://tinyurl.com/ye2p9zx
Links on “Climategate” http://tinyurl.com/yeufvzo
this guy is interesting http://www.youtube.com/watch?v=uqa42Rntjro
@Snoot. hi,
@Marc A. … Italy on Verge of Financial Bankruptcy, Say Officials
Thanks for the link … “Say Officials” … wow, the officials are now saying it !
@frances .. suggest you go flame the person that wrote it !
Max: ‘when power ties were mandatory’
“It’s not a good idea to take a forecast from someone wearing a tie.”
Nassim Taleb – The Sunday Times
http://business.timesonline.co.uk/tol/business/economics/article4022091.ece
Si si si si il signoré. Italia broke the rules that’s a certainty specially with a finance minister that is part of the Cosa Nostre Goldman Sachs. 99,999999999999% certain.
@frances snoot … typical !
…. ranting on, but never answering my question !
Which LINK ?
http://goldharvest.blogspot.com/2010/02/ecb-and-bis-have-secret-weapon.html
This one.
Case n point going tabloidy
tink she just sneezed
http://patrishka.files.wordpress.com/2009/04/renee-zellweger-nomakeup.jpg
Hic
ROFL
What is unbearable is the acronym piigs and the way it is being used by ignoramus writers. Please argue points, Phil. What is happening to our world when the press happily colludes with blatant bigots?
What do the Greeks feel about that acronym? Do they matter?
I’m not snooty. You link an article you claim is the harbinger of Gold Glory and the man writing it counts for surety on the complete ignorance of his readers to sell a commodity. Is this the church? There is not a catechism: gold is an element. Nothing more, nothing less– anything clinging to the metal is an aberration of human imagination.
Why don’t you support your writer’s arguments? Is the Euro designed to retain value in a system with sdr at center run by the BIS/IMF cabal? If so, how? Is the reweight of the sdr to bring about the needed ‘change in things’.
No one here has mentioned Germany’s untold gain through their enactment of design against what the press terms ‘piigs’. Germany has favor with the ECB. The German banks are being given a go due to their ‘bad bank’ plan: a go which puts them in a powerful position. Moody’s originally declared this move suspect: but now it is ignored.
Snooty? I declare, your gold writers have the market covered on SNOOT.
Off Topic, sorry about that.
“In the loop – Oscar-Nominated comedy satirizes lead-up to US-UK invasion of Iraq”
http://www.democracynow.org/2010/2/17/in_the_loop
http://www.imdb.com/title/tt1226774/
Since DemocracyNow mentioned it today, It was the best movie from 2009. Do your self the favour and see this film.
@Phil Germany
Here is it. ITALIA BANCOROTTO.
http://www.theepochtimes.com/n2/world/italy-bankrupt-8187.html
@ Marc A
Does this mean Italy broke the EU rules too?
Its no wonder this subject is so entertaining its hilarious and serious…how can anyone not be interested?
Im sure for most of my life finance would have bored the pants of me, but its riveting with all this scandal. When the scandal stops and it will eventually ill have to find something else.
What next? I love the contrast between the propaganda on the TV and what is going on and other peoples perceptions. However there isnt to many who find this interesting, not sure why? Well I don’t find football interesting so?
I think the political systems of a country that don’t deliver TRUST and TRUTH for its own people are lost anyway and as a result are going to end up being just as unreliable to every other and all enteritis that thinks they have them placed and controlled.
Just a matter of time.
Max keep telling it like it is, we are listening.
Renée Zellweger.
I feel she’s gonna sneeze any moment
ROFL
Hic
Yep Amanpour ta same Wh@re who went to WTC wit wats tat chicks name From Jerry Mc guire movie n Bridget Jones diary on Discovery Channel
She looks like she gonna sneeze any moment
But she cute lookin
Hope Amanpour was near some DU
Hic
@frances snoot … “What do you think about that sentence you linked”
What link ?
… and don’t be so SNOOTY .. you’re becoming unbearable !
@ ronron
Tat Bi@tch
ROFL
Hic
I tot one of me commerce friends
ROFL
The Economic Elite Have Engineered an Extraordinary Coup, Threatening the Very Existence of the Middle Class
The economic elite have robbed us all. The amount of suffering in the United States of America is literally a crime against humanity.
http://www.alternet.org/story/145667/the_economic_elite_have_engineered_an_extraordinary_coup%2C_threatening_the_very_existence_of_the_middle_class
@bonn amanpour? thought that was your friend. you mean amanpour from cnn?
Oks Oks I’ll cool down don’t moderate me Me tryin to walk ta tight rope too
ROFL
Hic
Who
“Such a move would put Greece, and all the PIIGS for that matter”
What do you think about that sentence you linked, Phil/Germany? Do you think derogatory racial slurs are ‘okay’ as long as they promote gold sales?
“The euro architects knew the difference between the monetary functions. They knew that the infinite growth, store of value function was the dollar’s Achilles’ heel. So they designed the euro to be a stable transactional and accounting currency even if the world chose non-euro physical assets as a store of value. The dollar does not have this design.”
The euro and the dollar are supported by their inclusion in the sdr basket, and the dollar/value index. That is a very silly sentence, Phil.
@Bonn. yes your friend was here a few times. he a skinny fucker too?
@Marc Authier .. ITALY KAPUTT
Not much about Italy there, but this is interesting :
… The statutes of the ECB not making it possible to emit a national debt, but only to repurchase these debts through the private banking institutions, it will thus not be possible for the EU to directly refinance Greece and the other countries in difficulties, whose state of decay will also ask for a “rescue plan” in the weeks or month to come. In the immediate future, “to cover” Greece, it will be necessary to create a new “body” in order to share most of the European budget policy. Greece will thus be forced to make other concessions that those of the last days, of kind to open the way of the social reforms which will be then promulgated in Spain, Italy and in Portugal, to start. The central idea is to use this crisis of the States so forcing with the economic federalism the majority of the Member States which refused there up to now.
…
Again …. suggesting steps towards an EU “Government” !!
i will probably attend ‘stacystock’
ROFL te multi mills tink tey part of multi bills
n te multi bills tink tey part of ta multi trills
lololololol
Hic
“maybe we need a ‘maxstock’ event somewhere ”
Your not thinking about any singing?
Mike
@M/A. the shit will hit the fan soon.
ROFL
Amanpour visited LOLOLolololol
Hic
i wonder why Max keeps toilet paper rolls in his pocket ..hmmm…maybe someday we can use that as cash ?
ITALIA KAPUT.
The debt level is FOUR times, FOUR times the debt of Greece !
544 billion x 4 A 2,2 trillion toot ache.
http://www.mecanopolis.org/?tag=faillite-de-litalie
Thank you Cosa Nostra Goldman Sachs. Everywhere where Grand Satan passes destruction happens.
We also visited Babylon was too young to remember but dam impressive from ta pics we have
Hic
how is it going with the novel – Buy Love, Sell Fear?
@ronron .. 25%
Quotes from Jim Willie :
…In mid-December, almost every demand for gold contract delivery was matched by a cash delivery, complete with 25% bonus premium offered…
http://blog.daum.net/petercskim/7859311
The ECB and the BIS have a secret weapon
…Rumors have been circulating for a few months now about some large physical buyers on the public LBMA being cashed out with a 25% premium and being sent to the private cash market to get their gold where such a purchase at a premium would not move the official price. This rumor suggests a relative shortage to demand for physical on the official price-setting markets. And this tightness is confirmed by the low GOFO or Gold Forward Offered rate reported by the LBMA which is currently languishing at lows only seen twice before. Both times in close proximity to backwardation events that both times signaled that the system was teetering on the edge of collapse, only to be rescued by some entity supplying physical gold to market at an intentional loss….
http://goldharvest.blogspot.com/2010/02/ecb-and-bis-have-secret-weapon.html
To me, MotherEarth, there seems to be some common point-source to the conflicts: else why would ‘we’ be encumbered with ‘shared values’? I’m more fearful of a cult-like fanaticism as the base-coat to the virtual conflicts you mention. Beneath the banks, the currencies, the nation/state politicos, there is something ominous bubbling up. The spring in not a natural occurrence of the chaos you deem nature. Indeed, the nature of this reoccurrence has laid plain the path to hell in previous millineum. Domination by whom, MotherEarth?
Concentric circles on the surface of the pond, yes, but someone threw the rock.
@Max
I posted you poetry.. http://www.mygoldprediction.com/
Well not Citys
N Oil Plant n surroundin support
Broke me front 2 teeth runnin across ta street into a cycle or sometin
Good ole memory’s me mouth was fillin wit blood every 3 minutes
N all ta locals were like what happened
ROFL
Hic
I wonder how many blokes have been next 2 DU
Cancer on ta way mate
I would’nt want ta ROFL
But ya asked fer it
Hic
@Anyone. has it been verified that the london gold exchange is offering a 25% premium if you settle in cash?
I remember wakin up when I was a boo boo in me dads arms wit me mum in a trench
Guess where I was ????????
In Iraq 78 or 79 Iran Airforce was doin a raid on ta Air field
Ta Iranians were so bad they freakin missed the runway by 4 Kms
ROFL plus The appartment complex where we stayed which was right next ta the runway near K2
Iraqis named their Oil fields K1 K2 etc so they were names of ta citys as well
@ max
Another reason why I don’t like Gold
Well I was 3 or 4 at tat time
Later on me dad told me when I was old enuff to understand
Tat Our boy Saddam had 13 – 18 year old boys on ta front line during the Iran Iraq conflict
He use to give the brainwashed kids AK-47′s and a 2 inch Golden or Gold plated key n said “go fight”
Tat was the key which supposedly helped ‘em enter Heaven
Sicko tat he was
But looks like its even worse now
I hope one day the Myth of Gold Dies with peeps like Soros
Hic
N fer the guys tat spy here “If ya ain’t a MULTI- BILLIONAIRE ya just a PAWN !!!!!!!!!!!!” they don’t care about u.-> YOU ARE EXPENDABLE
ROFL
Sooner ya realize tat te better
Hic
The Bankers Manifesto of 1892: History Repeated
http://www.wholetruthcoalition.org/2009/02/26/the-bankers-manifesto-of-1892-history-repeated/
i remember 450
and I remember 500
and I remember each century mark since i got started
i remember the crack in 08 when the 200 moving day line got violated
and i remember the falling wedge that kept building strength even when CNBC said gold was much hated
I remember the economists on TV who said gold was dead
and the looks on their faces when they couldn’t believe what I said
that goldman was scum and jpmorgan too
that the dollar was worthless and so are you
that economists trained at Yale and Cambridge who think with their paychecks instead of their head
are leading the masses down a serious rat hole
of a busted currency and havoc at the polls
yes, i remember gold at 450 when I started buying for real
I remember thinking, my God, what a steal.
@Max. funny you say that. my metal supplyer phoned me an hour ago wanting to know if i was ready to take a profit. he has nothing in stock.
@Snoot
To clarify: We are thrown from one virtual conflict into the next just to keep our mind from noticing the looting. We could have used the 20th century to build a sustainable society, but only agression reaches the top, and agression is only about demolishing.
@Snoot
All divisions are distractions..
funny @TJ. well i try but there’s a lot of competition now.
@ Millenium Jane
Over the past few years, some of our esteemed politicians have caused rumblings and made threats about pulling the 501c(3) status of churches in which things political are discussed from the pulpit or candidates are endorsed or allowed to speak to the congregations.
As if there’s not a need to shine a light on political goings on. Could it be possible that the whittling away of freedom by the folks in Wash DC might impact on church-goers? Seems that some of the candidates make apt object lessons along the lines of “Ye shall know them by their fruits.”
@Max
What type of groupie are you after?
How would you like to interview a banker by proxy, so the banker does not know he is interviewed by you. I would say a round table discussion of fraud with bankers at the table is off the menu, they just want to keep the macroeconomic picture rosy..
@Snoot
By that logic we are all murderers, so it doesn’t matter.
@Underfundametalist
That is the vibe I got from that arabian prince article. If we are seeing random assasinations in business deals that show not to be prosecuted we are in new territory. People become one shot cartridges and suicide missions will become more frequent. That is the violet of the spectrum while the donutmunchers think they live in a 100% red world. Reminds me of a book about the 1600 where it said in that age one could pay a pauper to beat him up just to vent a momentary frustration..Red: Slave…Violet: Master
@M&S Great show both of you. As usual. You really pull it all together so well. You always have the top stories that most miss. Scandal! The tabloids are totally missing the boat.
I feel so bad for the reverend and his followers who still imagine their country to be run by people with morals. They have no idea they are dealing with cold blooded sharks. Now it seems it will be survival of the ones who learned long ago via eco hit men what has really been going on. Not hearing much about S. America. Would like to hear your take on that part of the world now.
@ ron ron
“Livestock” lol
Now that’s insanely comical….Call Bono, Geldof, all the twits
MotherEarth:
Is the new war being fought by a Trans-Atlantic coalition, or by America? Are they fighting to preserve ‘shared values’ or against a lethal enemy? Because I don’t share the values they proselytize: does that make me the ‘enemy’? What about you?
http://www.merriam-webster.com/dictionary/proselytize
1 : to induce someone to convert to one’s faith
2 : to recruit someone to join one’s party, institution, or cause
Is this like the crusades?
gold keeps climbing that wall of worry
just like the Dow back when it was trapped in purgatory
back in the 1980′s
when power ties were mandatory
gold keeps climbing that wall of worry
sellers keep vomiting their stash to early
soros, buffett, paulson, and paul todor jones
keep adding to their long positions
at somewhere around 4,000 expect a collision
with gold keep going up beyond that
and the Dow falling after getting knee capped
$Quadrillions!
Go Max!!
more silver porn http://www.youtube.com/watch?v=hi4RlTevzs0
@MotherEarth:
Do you think since they got caught killing, glib will work out instead?
http://www.thelocal.de/national/20091220-24061.html
“Not every insurgent is a direct threat to Western society,” he said. “There is a difference between groups who have the goal of fighting our culture out of a radical rejection of the West and those for example who see culture as connected to the place where you live.”
So, they are over there and they don’t KNOW who the enemy is? That’s f*cked up. The enemy is ‘cultural’? We kill people who fight culture?
mother E, yep, at least almost everyone is aware of the criminal acts of goldman and thier henchmen. Thats a good step forward. A year ago folks were still wondering what was going on. Now we at least know the crimes these people are doing. The world has been stolen by accountants with invisible ink.
Ouch, the dollar bumped its head on the 81st floor ceiling again.
Beneath the atrium that extends down to the 51st floor is a gallery overlooking the Comex.
The drop down to the Comex = hard landing!
@Max. how bout livestock. we can wear our sheep outfits.
@Snoot
Bernhard was a playboy that flew planes, wrecked cars and shagged anything that moved. He started the Bilderberg meetings, he joined in fighting in the 2nd world war and was a bon vivant. I like him a lot (he’s dead obviously). Juliana was his ticket to the royals, she was pretty dull and common. Completely unimportant. Beatrix is another story entirely, she actually has some influence. I thik we still see nobility’s influence pop up, just because people are such babies and always think a fight ‘ends’ in victory. It never does, ‘end’ that is.
@Sylvia Rogier – I will find out and get back to you tomorrow on that. But in the meantime, I think you may find info here: http://rt.com/On_Air.html
@MotherEarth:
Here’s glib + killings:
http://www.aolnews.com/world/article/germanys-karl-theodor-zu-guttenberg-in-controversy-over-afghanistan-air-strike/19284065?bId=6b4accd20ab345219648fe4024ee2c4b&tId=19284065&bpId=%252F&sort=3&pg=2
sorry. not bowel movement. following.
@MaxKeiser. you have a movement in kitchener ontario canada. eventfull.
@ Stacy
When does your show come on RT in France. I just discovered I had this channel (channel 390-something) on Canal Satellite. I usually don’t channel surf that high. Thanks.
@TJ. sleep with the souvlakis. hahaha. fucking funny.
“Nobody gets killed for a lie..”
People get killed for just about any reason. Defense contracts build up armies which tend to act for monied interests, last time I checked. People given guns and told to kill do so, as a general rule, when wearing uniforms and being propelled by some rhetorical glib.
When one part of society sees itself as being above the law, the others will follow suit quickly, soon there will be no law.
Heaven knows, Anything goes.
http://www.youtube.com/watch?v=4QNxUQStW40
maybe we need a ‘maxstock’ event somewhere
like woodstock and hedgestock, but weirder
“But Queen Juliana stood by her husband, and was dissuaded from her initial impulse to abdicate by the obvious affection in which her subjects continued to hold her.”
Is this true, ME? I mean; the Telegraph is a loyal royal rag and all, but perhaps she needed to stay because of some deep affection felt by the Dutch people?
@Snoot
What is worng with that? Nobody gets killed for a lie..
Sorry, ME. I guess your royals are not influencing defense contracts anymore?
http://www.telegraph.co.uk/news/obituaries/1478171/HRH-Prince-Bernhard-of-the-Netherlands.html
John Paulson spotted exiting phone booth in Kolonaki Square, Athens Greece 19:50…. half an hour before JP Morgan kaboom. Won’t be long before his GS pals sleep with the souvlakis
@Johanraft – Here it is: http://www.huffingtonpost.com/2010/02/09/new-mexico-house-votes-65_n_456043.html
@jon
I think we can. It seems people have accepted the notion of some of us being above the law. As far as I know the GS crew is out and about as if they did not just pay themselves with the savings of lots of older people.
@Stacy
What is the link to the story about New Mexico closing its Bank of America account in favor of local banks?
WE can bitch and moan that goldman sachs and crew are stealing everything. But the sad thing is we can’t do anything about it other than notify others of what they are doing. The problem is goldman sachs and crew own the judicary and politicans in which they make the rules and control the whole works.
Just for interest … 33 yr. DJIA in US$ :
http://img708.imageshack.us/img708/4179/asmalldjia33yrs.jpg
Notice ca. 1982, the DJIA starts to climb ( US$ starts to lose value ).
The next JUMP is 1995 … very clear bubble ( US$ swamp bubble ).
Look at the 9-11 + Internet-bubble drop … wonder where the DJIA would have been without it ?
@Stacy
Could this site become a financial wikileaks? That would be cool..
Is everybody now leaving the Comex to pile into ETFs?
@Snoot
Well, first our Maxime is a he. Second he is a trade man, very much a cool aid drinker. On a par with our hero finance minister Zalm and former prime minister van Agt. The southeners of Holland rarely show much real cunning.
But ministers manage departments, our parties can require him to change course and even if he is pro US, he has all the freedom in the world to wise up, or get wised up.
@intherighthands – welcome to the site and thanks for the link! we discuss that story on this Friday’s On the Edge which we just recorded this afternoon.
PPS@Bloomberg .. sorry , formatting went wrong !
PS@Bloomberg :…. managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the government to hide the extent of its deficit.
LOL … ONE SMALL Xrate Swap causing all this fuss ?
If they knew how many Xrate and “Irate” swaps there are out there .. they’d be shocked … really shocked !
a bomb went off outside the office of JP Morgan in Athens.
http://www.nytimes.com/reuters/2010/02/16/world/international-us-greece-explosion.html?_r=2&dbk
Could you say a little more about the “shadow economy, dark pools (I almost typed dark poos) and parallel financial universe of bad debts”. It’s very colorful phrasing, but I would like to know specifically what they refer to. Thank you.
More about ‘shared values’.
“President Sarkozy and I share a vision of a better future. It is a partnership based on shared values: Britain and France together building better and newer global institutions, global rules and a global society. Britain and France continuing the strong alliance that becomes stronger every day. Thank you.”
http://www.number10.gov.uk/Page19986
“It is shared values that bring Europeans and Americans closer together and keeps them close, said Chancellor Merkel. It is the common idea of the inalienable rights of the individual. It is a common understanding that freedom entails responsibility. These are the values that brought about the end of the Cold War, and it is these beliefs that will continue to guide a united Germany and the trans-Atlantic alliance.”
http://www.voanews.com/uspolicy/2009-11-10-voa5.cfm
“The statement announcing the Nobel Peace Prize for U.S. President Barack Obama says that “his diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitudes that are shared by the majority of the world’s population”.”
http://blogs.reuters.com/faithworld/2009/10/09/obamas-nobel-citation-speaks-of-shared-values-is-hope-on-top/
Bloomberg :
Goldman Sachs, Greece Didn’t Disclose Swap, Investors ‘Fooled’
By Elisa Martinuzzi
Feb. 17 (Bloomberg) — Goldman Sachs Group Inc. managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the government to hide the extent of its deficit.
No mention was made of the swap in sales documents for the securities in at least six of the 10 sales the bank arranged for Greece since the transaction, according to a review of the prospectuses by Bloomberg. The New York-based firm helped Greece raise $1 billion of off-balance-sheet funding in 2002 through the swap, which European Union regulators said they knew nothing about until recent days.
…
…
http://www.bloomberg.com/apps/news?pid=20601087&sid=asBNXSLtlN9E&pos=3
that minister speaking about the common good. that is so idealistic! the common good left england a long time ago. now its v for vendetta. i truly would like to see common good and a consensus between all peoples in a nation, but it wont occur as long as corporations are considered individuals with the same rights as you or i. as long as corporations are allowed to contribute to elections we will never have a common good. as long as they are not held accountable for their actions we will never have justice.
“Our country’s government is exploding over Iraq. Holland will try to pull out of Afganistan asap. I have a friend that served there. Imagine he had died, then for what? For the GS fraudboutique?”
MotherEarth:
Your foreign minister, Verhagen, explained her ideas about your national committment. Perhaps you need to write to her?
“But our countries share much more. Indeed, as Stephen as underscored, we share the same values, have the same love of human rights, freedom and democracy. And we have the same determination to build a safer world. And in an uncertain time, when borders are disappearing, global economy is in turmoil, Stephen and I agree that an active foreign policy, based on these values, is a necessity to maintain our countries security and prosperity. We may live far apart, but our interests and priorities are closely aligned…
And, of course, as Stephen as pointed out, Australia and the Netherlands worked closely together to bring stability and development to Afghanistan. And I commend the Australian troops in Oruzgan for their bravery and professionalism. As I was able to witness myself in [indistinct] our militaries are cooperating very, very well.
Regrettable, we sometimes suffer casualties, as Australia did earlier this month. But we cannot allow Afghanistan to become a safe haven for international terrorists again. The bombings in Bali, Madrid and London remind us we must defend our security in a faraway place.
And in Oruzgan we follow together, Australia and the Netherlands, a comprehensive approach, as we call it, a 3-D approach, defence, diplomacy and development. So we discuss, we build and we defend the Afghan people from extremists if necessary. And in Oruzgan, as we have seen also the pictures at this exhibition, this approach is delivering results.”
Stephen and I agree that the Afghans themselves should increasingly be responsible for security, public services and development. This is the key in the time to come. It was one of the main developments we discussed this morning, our cooperation in Afghanistan, as we will discuss further on elements of mutual concern and mutual interests. I’m convinced that as we share our values, share the normals[sic], share our conviction to fight for a better world, that we are allies not only in Afghanistan, but in a worldwide scale.”
Max, big fan for years, keep it UP!
In Toronto several friends and I have been getting together for the last 2 yrs for “Conspiracy Dinner” quarterly ( accountants, financial brokers, capitalist like myself)
Nevertheless our last prediction in 2008 of the collapes was “after the Olympics” ( or the satanic worship of “the flame” ) having said that we are going with the same prediction “after the Olympics” 39-40 days after the opening in China was Sept 15 this time it will be March 23-24 th first day of spring OR holy week!
Many kind regards,
Antoni Zola
http://abcnews.go.com/Business/Economy/story?id=7452561
Food stamps create jobs in india. At a JPMorgan call centre.
Good show by the way!
Our country’s government is exploding over Iraq. Holland will try to pull out of Afganistan asap. I have a friend that served there. Imagine he had died, then for what? For the GS fraudboutique?
Heard Peter Schiff saying tat the Kroner is backed by the Dollar
So my guess is it also turns belly up
“The peg to ECU was broken and the Krona’s Effective Rate was to float freely based on supply and demand in the exchange market, with the Central Bank having intervention rights. (WCY 1990/93, p.750)”
http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=26
http://blog.vinsgold.com/2010/02/02/kitco-launches-index-to-measure-real-gold-price/
Max, I’d like to see you do a show on what they are doing to our kids?
KPFA did a show on the following this AM, I’m told.
Check this out: *CONSUMING KIDS
http://www.parenting-healthy-children.com/News.html
Not just Italy runned by these godamn gansters from Goldman Sach. Bank of Canada chairan is the ex CEO of the canadia subsidiary of Goldman Sachs. You have to see Goldman Sachs as a mafia. It functions exactly the same way as th Cosa Nostra. No difference. Bet you that Italia did the same thing than Greece.
Ron Paul on Greece
http://beyondmoney.net/
Gold : Now Buffett as well …
Wells Fargo, Gold Lead Investments for Buffett, Soros
http://www.youtube.com/watch?v=qenSZy7HMwU&feature=sub
Here’s a great story.
One of the most interesting aspects of it is that Eric Holder, current Attorney General was the attorney for Chiquita:
Hiring Death Squads is Coming Back to Haunt US Companies
http://www.alternet.org/rights/145696/hiring_death_squads_is_coming_back_to_haunt_u.s._companies?page=2
Maybe we could throw some shrapnel in the Kitty and buy that big ass gold coin
Goldman does not speculate that implies risk, they have it rigged. No downside.
In praise of Canada | Forbes
http://www.forbes.com/2010/02/11/canada-olympics-economy-business-sportsmoney-canada.html?boxes=Homepagetoprated
h/t ZH
Mudell vid
Italy the real problem
Don’t let euro go over 1.40 unbelievable
Got Gold….
http://www.youtube.com/watch?v=00VWWb9NNhw
If you pay your mortage in full, you are a saver because you’ve earned the right to keep your home. The problem, however, is that you’ve accumulated debt and paid interest for 15-30 years to “save” for that home.
Ultimately, if you did keep your home and pay if off in 30 years, you wouldn’t need to worry about a large fixed income – because you’re already “saved” and “paid” for everything. I’d imagine that homeowners who have no loans against their property could care less about what the real estate market is doing – because it only affects them if/when they want to sell.
I subscribe to this theory – because anyone 25-35 years old this day and age can’t afford to pack money away for retirement, let alone count on it being their in 30-50 years. The only thing we can count on is a home paid in full.
But again – this could all change as we do not live in a perfect world and no one can be trusted.
@Stacy
What is the name of the person you know in south of France?
ps that comment below re the krone from P schiff is total bs
krone is the only decent independent paper currency there is….
is backed by oil but not usd
they have a $500bn sov wealth fund, double digit current accoutn surplus, tiny govt debt and a tiny population (c 4m)
yeehah keep using kakistocracy max, needs repeating as often as possible, along with greenspans quote about the rise in PMs being the early stage of a move away from paper currencies – some things merit relentless repeating!
Britisher’s really talk funny
Russell Peters
on England
http://www.youtube.com/watch?v=nAcUecqPoYQ
ROFL Hic
Italians claim country run by Goldman Sachs http://tinyurl.com/yfnka2n
Italy’s economy surprisingly contracts http://tinyurl.com/ya9r9cl
World’s largest coin now http://www.dailymail.co.uk/news/article-1022519/Worth-weight-gold-Worlds-largest-coin-goes-display.html
Good show! While watching Reverend John, I thought, “Now where is the Christian Coalitian and Pat Robertson in the United States speaking up for the meek and the poor about this issue? Where are the religious leaders in the face of all this greed and against the actions of these banksters, which the Christian Bible teaches is immoral?” I guess we should be calling them spiritual speculators instead of ministers, for it will be a cold day in hell before they use their ill-gotten money from their cable telethons to advocate for the poor and destitute.
==============
The Cumulative Debt per Person in the USA is 700,000 USD — so as bad as Canada’s debt problems are they are not fatal to the economy. However, it may take 10 years of debt reduction for things to return to simi-normal assuming the world economy remains in a steady state. This steady state is illusive as the finance crisis is in Stage II now.
==============
Household debt at record high: report
Canadian household debt soared to a record average of $96,000 last year, and more families were behind in paying their mortgages, according to a study by the Vanier Institute of the Family.
The number of mortgage payments at least 90 days late was up 50 per cent in 2009, compared with 2008, indicating that while the recession may “technically” be over, it could be a long and challenging recovery for Canadian families, the study found.
The average debt per household of $96,100 includes consumer and mortgage debt and represents an increase of 5.7 per cent from a year ago.
“The effects of this recession will test the resilience of many Canadian families,” Clarence Lochhead, the Institute’s executive director said in a news release Tuesday. “While the stock market may be up, the improvement for families will lag behind in terms of employment, increases in income, and a return of net worth.”
The 11th annual study, entitled The Current State of Canadian Family Finances, stresses that personal debt is an increasing problem at the kitchen table.
The number of credit card holders who were behind at least three months in their payments was up 40 per cent in 2009.
Study author Roger Sauvé also flagged growing concern over the likelihood of a housing bubble. He noted that over the past 20 years, house prices have averaged 3.7 times household earnings but are now five times earnings, with real estate now providing 48 per cent of the net worth of Canadian households, the highest it has been in 20 years.
Another trend noted in the study is that the rich continue to get richer.
Although average family incomes have risen over the last two decades, not all families have benefited equally. In 1990, the top fifth of families took in 37.1 per cent of the incomes generated by all families in the economy. This increased to 39.7 per cent by 2007.
Read more:
http://www.cbc.ca/consumer/story/2010/02/16/consumer-family-finance-vanier.html
LOL … Now it’s ITALY !
Italy is Biggest Threat to Euro
http://www.youtube.com/watch?v=0td4XZP0CmM&feature=sub
Hi
First time here..what will happen to the swedish kronar is that also backed by dollars..and the term ‘belly up’ heard Roubini use this term also…what does it mean in a practical sense so i can protect my family ..
Thanks in Advance
A house is not an Asset; unless it is used as a B&B, Bar, Bordello.
A house is a consumptive, depreciating LIABILITY; whereby the “owner” transfers 4-5x’s the value of the home to the mortgage holder & the taxing authorities; while spending 1x’s the value in carrying costs to maintain the property for the RIGHTFUL owners…the banks & the taxing authority(Kelo Decision).
A house;like a commercial property should be depreciate around 1-2% per year.
Only in big inflationary environments do houses appreciate.
pension schemes. exactly. hahaha. sad but thats what there called. wiki scheme.
Outstanding Show Max & Stacy, very well done
Mike
SPELLING:
there = in that place, at that point
they’re = contraction of they are
@Max
I cannot believe you ever had any confidence in Obama’s autonomy? You’re not naïve, how can you be disappointed in him?
Very good all round, the system does not assist the old retired who are stuck in there ways due to age and the normal good old fashioned trusting in ones government.
They can not be expected to suddly become nimbel at dodging goverment and bankster scams of theaft. For the old to become alert to those who can and cant be trusted is to much.
I hope he helps the savers do the right things…..;-)
Are you a saver when you invest your money by lending it to a bank without even controlling the interest rate?
I would say that if you save by putting money in a bank deposit box then you are a saver. (though the sneaky stealthy inflation monster will steal a little bit every year there too, can’t escape that monster anywhere except precious metal)
Did it start? Bomb in JP Morgan in Greece…
http://www.presstv.ir/detail.aspx?id=118778§ionid=351020606
Hey his buddy Robert Mugabé from Zimbabwé has sold Obame the magical formula for toilet paper. I think that China is listening to you Max. Massive sales of US treasury bonds in december. I can’t wait to see the numbers in january and february. ALL the people at Goldman Sachs should be put in prison. ALL THE BUNCH.
Thanks, Max & Stacy for that interview. I actually do see what the guest meant by asserting that mortgagees could be considered savers. Monthly mortgage payments feel a lot like monthly contributions to a savings account or retirement plan. Both were supposed to be solid stores of value which would increase over time. If there was no worthwhile yield to be had on a savings vehicle such as a CD or a bond, and a house was supposed to be as safe but with a better yield and the added benefit of foregone rent payments, a house purchase appeared more prudent. In hindsight, we can see that the housing market was full of fraud and speculative bets. However, for folks who were having their rents raised as their savings stagnated, the cost of future housing was looking rather bleak.
well intentioned. but flawed.
@ Bonn
Would the Kroner be backed by the dollar in the sense that crude oil is traded in US dollars? I would think that at some point, gold would be used as the reference currency.
@ Laksel
Heard Peter Schiff saying tat the Kroner is backed by the Dollar
So my guess is it also turns belly up
Hic
@Stacy, Max and y’all
When the dollar goes bust what do you think will happen to currencies like the Norwegian kroner?
Hurrraaay!
Unos again
Hic