@Bonn – yeah, well try to get the SEC to come after me!!! Hahahahahaha! (oops, see this is already off topic) . . . now the rest of this thread is for comments on this episode of Keiser Report!
What a discreet way of Obama to hint that the US currently isn´t a sovereign nation. According to net rumors they´re trying to pay the money demanded in the filing to stop the necessity of a public legal process.
… BRUSSELS – Will the European Union use Greece’s debt crisis to claw more economic power away from its member governments?
With the euro shaken by fears of a possible Greek default, the European Union’s new president is seeking more authority over the economic sovereignty of its 27 members — which could limit member’s spending on welfare and curb worker protection.
Such a push, eating into the economic sovereignty of its 27 members is sure to draw opposition….
…
…
I am one of your fans and love watching your kaiser report. I have attached a presentation I recently made on the topic of Allodial Model Of Free Market. Perhaps I thought you might like reading it.
“The Beginning Of The Lie”
Once upon a time before the year 1066 the people of England held “Allodial” (absolute) title to their land. See http://en.wikipedia.org/wiki/Allodial_title Not even the king could take the land for not paying a tithe. William the Conquer came in 1066 and stole the Kings Title and took the land of the people. From William I, 1066, to King John, 1199, England was in dire straits. It was bankrupt. The current financial and legal system that we inherit today the foundations of which were laid way back in 1066 by uprooting what existed before and replacing with Sovereign Control model at behest of Catholic Church. Prior to Catholic Crusade the system that existed, the tracks of which were laid by King Offa of the Kingdom of Mercia. The Political and Economic system in Northern England matched with that of Islamic Southern Spain and Portugal. During the same period (756 AD) the people of Spain established self rule under guidance from Muslims in Damascus. The people of Portugal were part of the same transformation slowly developing with their Spanish counterparts known then as Al-Andalus meaning The West Of Paradise. The concept of Allodial Ownership of land and property has been systematically removed from history books and legal text books and without understanding this concept we cannot understand ownership. Without correct understanding of ownership we cannot have stable free market. This information has been suppressed from history.
Seriously. Banning is not enough for Goldman Sachs. Merkel should hire contract killers. I would arrest ALL of them at Goldman Sachs Europe, put them on trial, and ask Vladimir Poutine if he has a spare goulag to send these New-York Nazi bastards for 200 years of work in a gold mine. Magadan archipelago with its minus 50 celsius in winter would fit the bill for the Goldman Sachs nazis. Open a russian gold mine with slave labor banksters bastards.
Fundementally the people at Goldman Sachs should be put in prison like the criminal against humanity they are.Somebody should the International War crimes at la Hague to sue the banksters for crimes against humanity. By the way Milosevic was also a banksters.
Ironic how virtuality is promoted while hacking is (for obvious reasons) slowly criminalized. We are not supposed to know or understand what is behind the curtain.. http://www.youtube.com/watch?v=C2pNbxzzsCk
Stacy, you mentioned in the show that Goldman was ‘aiding’ Greece in hiding their debt, and of course everyone is outraged at this.
Hang on a minute! As we’ve previously discussed, in Ireland as part of NAMA, the ECB issued bonds and agreed to keep Ireland’s new debt (NAMA) off its balance sheet.
With Greece imploding, everyone’s horrified reaction to ‘secret debt’ and the markets reaction, this trick now seems redundant. Does this situation make Ireland a basket case? More than we are already!?
Given that you produce original content, check YT ‘Director account’ – removes ten minute limit (no $ charge).
e.g. Schiff runs 25 min videos uninterrupted.
Re: flv vs mov, avi, mpeg, wmv, this is a common situation and I’m sure someone knows the answer. (I know very little about YT.)
@maxkeiser @x – there is also the perhaps obvious fact that I can also upload to YT; at the moment, however, I am working on next episode of KR but can indeed upload to YT in approximately 3 hours time; unless someone wants to do it sooner
re: director account, we have been denied such an account unless we take down all the Oracle stuff, all the Aljaz stuff, Max’s news appearances and, indeed, we would not be permitted to upload the RT stuff unless we can send copies of our contracts to YT and also get signed permission from the other broadcasters on which MK makes the news appearances
Stacy
I get it. There’s always a catch.
Personally, I hate that 10 min thing – breaks up the flow – and watch direct from source whenever possible (RT, Press TV) – but YT is important.
Max…you done good with Mr Roberts. Please remember….most Reaganites; like Reagan himself….talked Goldwater; but did Roosevelt. Jimmy Baker as Chief of Staff; Don Regan as Chief of Staff; then they switch to Treasury. George Bush as VP. Max…DO NOT let any Reaganites off the Mat….including Volcker…..Mr Hank Paulson was HR Haldemann’s Chief of Staff.
The Ordering should be as follows: Confession—Repentance–Redemption–Resurrection. At this Stage….ALL MUST CONFESS!!!!!
Please publicize this as much as you can; the mainstream media MUST be held accountable.
Also noteworthy, the NY Times may have lifted material from one of my other sites, IamFacingForeclosure.com, back in 2007, when we were reporting on Judge Boyko in Ohio throwing out foreclosures for failure to produce the note:
@Max:
Excellent interview with CPR. A nation of “insouciants” How polite. Yes whena French person next asks you why we unleashed this mafia plague in the US you can just say we are just a nation of “insoucjants”!
Nice to be US government! Wipe out all your debts with a so-called cyber attack from China and then start WWIII to hide the crime! Always the same tactics!
“We’re seeing increased involvement overall, in terms of both interactions with members of Congress and through increased PAC contributions,’’ Talbott said.
In the Massachusetts race, Brown received about $442,000 from Jan. 11 through Jan. 16, while Coakley got $92,000 from financial industry workers during this period. Those figures are based on interim reports candidates must file to disclose donations of $1,000 or more within 20 days of an election. A more detailed accounting is not due until later in February.
Nonetheless, the fund-raising stands in marked contrast to last year’s, when Brown had yet to take a spot on the national stage and Coakley enjoyed the fund-raising advantage.
According to the Center for Responsive Politics, Brown collected $23,700 from employees of securities and investment firms through Dec. 31, while Coakley got $79,050.
update on planes and buildings in austin tx
‘following the crash of a small place into an building that houses offices of the Internal Revenue Service.’ http://www.sacbee.com/latest/story/2546692.html
Boy, I have to say I’ve seen and heard this guy rip the hell out of everything and everyone. Heard him on AJ….. very vociferous regarding Israel……he seemed to be playing politics and hedging. I loved your questions at the end Max whether or not he is being held hostage! LOL
Roberts skirted around the issue of why Israel was at the heart of the problem, the elephant is in the room but people too polite (afraid) to talk about it
Hello Max,
I enjoy your program,”Max Keiser On Edge”, and try to catch it as much as possible. I think you think alot out of the box and speak the truth about our financial situation of our economy in the U.S.. The fact that our economy is resting on a toxic wasteland of otc derivatives that the government refuse to regulate since the Clinton Administration means that our economic disaster is not over. The Obama Administration is merely decieving the American public. Otc’s were the major cause of the our economy coming to near collaspe and it isn’t over. Brookesley Brown of the Clinton Administration warn about the fraud involved in OTCs and was force out my Timothy Geithner’s bosses: Alan Greenspan and his Federal Reserve cronies. Keep up the great work. I’ll keep watching.
Thanks for the Youtube version – always preferable as I can download the content to my iPhone and take it to the gym for a laugh whilst fighting the winter weight gain….
Not merely for cleansing of the soul, but practical applications in our new world. We all should confess as a regular ritual, and as a daily exercise to build the kind of skills and proficiency that will make us the successful… confessors, under torture. To so many things, it’s hard to remember them all…!
When “on the rack,” it will be a time to be brave and stoic, but really he who can correctly respond to the situation, which is to say, demonstrating a sincerity laden cock and bull story of sufficient entertainment value, delivered in a “timely fashion,” at the precise moment, not too early on… otherwise needless repetitions…
My Question though is: Where exactly does Reagan resemble FDR?
I wouldn’t think the comparison would be useful, other than as a very loose fitting jacket, as a profligate big spender of the national treasure. But that is a far less important fact than that Reagan started the thing rolling, with decline of regulations, and cannablistic privatisation, and kill government theology, so the hill billies from Arkinsas/illanois had some momentum going in. Which is polar opposite to FDR.IMHO.
PS: consider this as peripheral, and from a “fringe” student here. I added some of the current events topics to the subject for timelyness.
Israel is def the Elephant in the room, they have nukes, but not a sustainable economy, they get bailed out by the US time and time again and have not had a recession in decades.
All the countries around them are considered hostile, and worse for them China and India has no interest in seeing a Jewish State (not that I’ve read). However they do have mosad, which probably is the best/worst (depending who you are) intelligence org in the world.
hopefully tony blair will be in the local area when it kicks off, and use his international hand of history to bring peace as quickly as possible in an area which has not seen peace for 2000+ years.
@ Paul Craig Roberts,
All of what Paul has said is among the best of commontary , so it is a win win, here on the Keiser channel. I appreciate the down to earth use of language style, and directed attention to the crux of issues.
It might be useful for some of the bloggers to attempt to develop the more plain and conventional communication skills that are needed to explain or simplify or make things understandable to others.
Problems get worse and more diffucult to unravel, not only because the pros are intentionally “obscuring things, but so many seem to feel a need to be cryptic, and cute, which is all wrong, sorry to say.
Dark exchange….don’t you just love these terms for stealing?
Yes, I think collateralized Leprechaun obligations would be a good vehicle for Jim Kramer to sell. LOL What an ass. He could wear a green suit with a peaked hat….with a rainbow as a backdrop on the set. Perfect.
Announced of mass rape and pillage today in France. 320 billion euro “aid” package to the banksters. The whole pan european package announced ? 320 billion euros.
Joe Shmoe…Roberts was in the Reagan Administration for only a year(1981-82)….he worked for Don Regan(Merrill Lynch) at Treasury.
The Reagan Presidency was an Obama event for aging WW2 types who were crushed by the extreme destructiveness of the 70′s(Nixon-Ford-Carter….much like today…in many ways). Mike Deaver set him up as the friendly Gipper from a ranch in Cal. who rode in to put out the fires.
Anyway…..the “libertarian”-Goldwater pitch fizzled fast as Rockefeller appointments dominated the administration. Martin Anderson; like Roberts left very early; seeing the writing ion the wall….David Stockman(OMB) was takin’ to the woodshed for saying “there are no conservatives in Congress”.
Reagan was a Big Guv-Imperialist(national interests)….like all the others before & after him…that’s the job. You just need a guy who can re-sell the Agenda.
Reagan was NO CONSERVATIVE. Goldwater got 40% of the vote 1964. Had he been elected…the neo-Con//welfare state would not have been disbanded…but it would have been seriously throttled back. Me thinks the country might finally be ready for a Goldwater….but he is now where to be found…the ethos has changed too much.
My guess is that Roberts could explain all this…Max just needs to ask him.
“L’Osservatore Romano, the Vatican newspaper, said yesterday that Marx’s early critiques of capitalism had highlighted the “social alienation” felt by the “large part of humanity” that remained excluded, even now, from economic and political decision-making.
Georg Sans, a German-born professor of the history of contemporary philosophy at the pontifical Gregorian University, wrote in an article that Marx’s work remained especially relevant today as mankind was seeking “a new harmony” between its needs and the natural environment. He also said that Marx’s theories may help to explain the enduring issue of income inequality within capitalist societies.
“We have to ask ourselves, with Marx, whether the forms of alienation of which he spoke have their origin in the capitalist system,” Professor Sans wrote. “If money as such does not multiply on its own, how are we to explain the accumulation of wealth in the hands of the few.”"
Joe Shmoe….BTW: I worked for Reagan in 1976 at the Kansas City Convention….when Reagan got dished by Baker & Ford(Bush Sr.)….Reagan was so pissed off; he went back to Cal & didn’t lift a finger to help Ford(which is why he lost to Carter. Lastly; Reagan gave the nominating speech for Goldwater at the 64′ convention(always a sign of things to come).
Bill Moyers “daisy chain” nuke ad was lethal to Goldwater….then, of course, we got Johnson’s Vietnam response….Moyers was Johnson’s Chief of Staff. The Hypocrisy of these men is extraordinarily. Roberts could review all of it.
There is nothing that Karl Marx said that had not been said a million times before him….Smith, Ricardo, Mill…..the Physiocrats…….the School at Salamanca…..Nicholas Oresme.
The essence of the link I left is that the Catholic church is tolerating Marxism through the influence of Pope Benedict XVI. To clarify Benedict’s viewpoint, here is an authoritative translation of his views:
Note Benedict wishes neither capitalism nor marxism but a joining of reason and virtue as evinced through charity. He objects to individualism and also to materialism.
The objection to individualism and materialism is seen in the rhetoric of the press consistent with Benedict’s views.
Max! Wow! The “I” word–>the “J” word..
You got stones, my friend, to do this out in the open. Watch yer back, dude. I mean it. really.
Roberts.. his morality pieces are fabulous.. but the quick wit of Max made the poor old bastard look like an idiot. That’s a fact. You’re quick, kid. Old geezers like Roberts (hmm, and lots of us) don’t stand a fucking chance. Roberts is going to go home, watch the show, see the part where the “I” word is publically flogged about like a dead cat.. and freak out. “OMG! Is that Max guy nuts, or what??? What was I getting into here? He’ll be on his old arthritic knees, apraying to his God. And nailing his poor old butt with “The Father of Reaganomics”. Ooh. Nasty. And that bit at the end: “maybe next time you’ll show us your balls, DOCTOR Roberts.”
You’re a mean kid, Max. You remind me of some of my kids. Mean fuckers. Smart.
There’s nobody representing the workers and the savers. Nobody? Naw, there’s you and Stacy..
No, Marx perfectly described the ‘credit crunch’ of 2007/8 in Capital Vol.3, Ch 29…can you provide the equivalent in Smith, Ricardo, etc.?
The Goldwater campaign proved to be the cesspool of US politics, appealing that’s where the neo-liberals and neo-cons emerged. It brought out the most reactionary and paranoid tendencies.
@snoot
of course ‘Benedict wishes neither capitalism nor marxism but a joining of reason and virtue as evinced through charity’, because charity is the bourgeois form of justice.
@max: well, Dr. Roberts has been touting the real possibility: that America will lose the reserve currency role for some time( as now he likes to call it the “carry trade currency” ) ..it appears that the apparent devolution of the currency and the other global currencies are certainly headed for a devaluation at best and a country by country collapse in the worst…I rather liked your comment that you preferred the Ruble..HA!!! I suppose that the PTB believe they can manipulate the process so as to bring about a new currency by design..of course that one will be available @ the rate of 10:1 or more…with the invocation that most sovereign funds are @ 500% to GDP well only exacerbates the situation….I only thought it was closer to 200%….and of course your position that the FED is eating it’s own “vomit” is well taken…it appears that the various credit rating agencies will tell the tale…but the question is WHEN??????????? From my point of view the one world currency already exists in the minds of the oligarchs…how and when they impliment the plan is anyone’s guess…any clues???? I rather like your exposing Soros for his Janus faced remarks about gold and of course nothing has changed…the derivatives, the HFT, the Quants, the CDS’s, and the high leveraging…how can the speculators go wrong..they control all the cards and all the dealers ( a/k/a politicians, regulators )….it has become an economy in and of itself( kakocracy )…maintaining the Zombie banks just for cover…have you read http://www.worldreports.org lately??? I guess the Wanta settlement ( if it actually existed ) has been settled and the American taxpayer was due the 30% tax rate ( or $4.3 trillion )…Chris Story interjects that the Clinton heart problem may have been a reaction to the failure to settle last Feb 13th..anyway Mr. Story believes there s such a fund…I included this last ditty just for giggles and grins
Harry W…go pull that sophomoric shit on some kindergartner….who has a remote chance or some semblance of the necessary gullibility…… to fall for it.
You’ve never read Ricardo or Smith or Mill or anybody else.
You’re the “echo” that Goldwater complained about.
Please tell me about Marx & the “credit crunch”….of 2008….so that I can exposed for all to see that you neither know Marx or “credit”…only adolescent BLUSTER.
As for Goldwater…your comments prove you know nothing about him or his campaign….more “public-school” pablum.
Frances…sounds like you’re comin’ to the Nazarene…through the back-door…like the back of the BUS…that’s the only way to TRAVAIL.
The Kingdom is not of this world…thank Hades…only my STOMACH…or, the ability to endure my STOMACH…is of this world….Naturalism is DEAD….Much DEADER. than GOD.
Paul Craig Roberts did not evince a melding of reason and virtue in his speaking: his words were not charitable. Charity is not indicated in deceit. The man is obviously finding the whole idea of fooling people a comedy gig.
The sdr will continue to retain value despite volitility: indeed, the world is moving to a new reserve system. The sdr/reserve system will not offer the world ‘peace’. The sdr/system is a means to control for the profit of the men who own the dollar.
Who says one cannot evince charity and be a pagan, Jim? It is a natural human inclination: it is born of the intellect matched with the flesh. Love endures without religion.
Virtue: now there’s an interesting topic. Virtue is defined by the outcome not the objective.
The church casts a shadow upon the face of the earth.
Frances…you snivling little mind-heart-soul tart…I said nothing about virtue.
Frances…there are three philosophical questions.
1…why this & not that????
2…why anything at all???
3…either way; what’s the point((purpose)??/
You fail//Ignore …all three. That’s why you are a posturing IDIOT.
Intellect…Flesh…how perfectly Manichean. Frances, you are a prisoner of your own mind….Kafka understood. Remember Frances….the two most vestructive words in any language are “i” & “we”.
the church is “only” the people of faith…in life after death….it is not an institution, it is not a sect…it is only those who believe in the “mercy” & “love” of the next world…that Nature is overcome & then dismissed.
@snoot I agree, all should eat.
The kings of old had a sense of stewardship, if the peasants didn’t eat, the king’s divinity came into question. Today, the kings have no sense of obligation to the land or those upon it. Institutional charity (I’m not talking about personal acts of kindness) allows the injustice to continue, it subsidizes oppression. Via tax cuts or food stamps half the country is on the dole.
You fail//Ignore …all three. That’s why you are a posturing IDIOT.
Why question sensuality? Life beckons, and Jim ties his shoes so he won’t trip up. The answer is always changing, Jim. The nature of the cosmos is to accept not prescribe.
What good does the this/that parliment do for one? All the wise men in the world write words meant to be enjoyed: why must we take to heart their admonitions?
The heart is the stone upon which life writes lessons: the heart pumps to the extremities where fluid movement makes want a memory. Why sit and ponder Jim’s stone tablets. What a bore!
White wigs; white men; white rules. I really wish for colour in the world!
Frances…..the STATE is nothing more than Bayonets & Debts…but, your Odessa, Hegelian identity detects….not German, not Khazar… strange protections & assurances..the most curious, strange calculus of happiness & joy…the fulfillment of longing.
Countess…you are a pretentious Turkic- Khazar; an Oriental- Asiatic…masquerading as an avatar of decency & dignity.
Frances…you are a PORN STAR…and have NO IDEA. You are a Modern. You are a Keyboard Wonder.
The “next world”": mind you, Jim hasn’t been there, but somebody wrote some nice things about it, sort of like a travel brochure, but you have to believe this this this and this and not that.
That is considered a no no by the travel agency directors: it will lead to serious repercussions and a change of vacation plans.
Because death is like a vacation: we don’t work to survive anymore or live of the fruit of other’s labour. NO. We partake, being that we were good and thought this this this and this and not THAT.
It’s called the Graceland Holiday Home. You get a white sheet and a chorus book. The other place (mind you, Jim doesn’t mention it) has a different itinerary: a refractory period for those that insist on thinking that.
For some reason men in general, and the holiday home sponsors in specific, find the very idea that someone would want to think THAT repugnant. They spend so much time making sure everyone else is miserable they forget to enjoy their own misery.
But it’s worth it. The food is definately better at Graceland (one could say almost divine) and the exalted feeling of sanctity beats being laid low by forever and forever (an eternity mind you) of pokes and jabs and hot assaults meant to remind one that thinking that was a VERY BAD IDEA.
Dont go into Land wen its 100$ a sq feet
Go wen its 20 $ a sq feet and will eventually reach 100 dollars
Tact and inside info will beat any amount of returns tat Gold can offer
Hic
Harry W…go pull that sophomoric shit on some kindergartner….who has a remote chance or some semblance of the necessary gullibility…… to fall for it.
You’ve never read Ricardo or Smith or Mill or anybody else.
You’re the “echo” that Goldwater complained about.
Please tell me about Marx & the “credit crunch”….of 2008….so that I can exposed for all to see that you neither know Marx or “credit”…only adolescent BLUSTER.
As for Goldwater…your comments prove you know nothing about him or his campaign….more “public-school” pablum.
You sound very, very YOUNG.
You said everything Marx has said had already be said by Smith, Ricardo et al. I’m just asking you to back that up.
Marx on derivatives as ‘fictitious capital’, citing Smith:
With the development of interest-bearing capital and the credit system, all capital seems to double itself, and sometimes treble itself, by the various modes in which the same capital, or perhaps even the same claim on a debt, appears in different forms in different hands.[3] The greater portion of this “money-capital” is purely fictitious. All the deposits, with the exception of the reserve fund, are merely claims on the banker, which, however, never exist as deposits. To the extent that they serve in clearing-house transactions, they perform the function of capital for the bankers — after the latter have loaned them out. They pay one another their mutual drafts upon the non-existing deposits by balancing their mutual accounts.
Adam Smith says with regard to the role played by capital in the loaning of money:
“Even in the moneyed interest, however, the money is, as it were, but the deed of assignment which conveys from one hand to another those capitals which the owners do not care to employ themselves. Those capitals may be greater in almost any proportion than the amount of the money, which serves as the instrument of their conveyance, the same pieces of money successively serving for many different loans, as well as for many different purchases. … Those loans, however, may be all perfectly well secured, the goods purchased by the different debtors being so employed, as, in due time, to bring back, with a profit, an equal value either of coin or of paper. And as the same pieces of money can thus serve as the instrument of different loans to three, or for the same reason, to thirty times their value, so they may likewise successively serve as the instrument of repayment. ([An Inquiry into the Nature and Causes o/ the Wealth of Nations, Aberdeen, London, 1848, p. 236. — Ed.] Book II, Chap. IV.)
Since the same piece of money can be used for various purchases, corresponding to its velocity of circulation, it can similarly be used for various loans, since the purchases lake it from one person to another, and a loan is but a transfer from one person to another without the mediation of a purchase.
And in Chapter 30 he advances on Smith, to explain a credit crunch like we had in 2007-8, and the fate of policy responses like bailouts and guarantees for the value of derivatives (fictitious capital):
In a system of production, where the entire continuity of the reproduction process rests upon credit, a crisis must obviously occur — a tremendous rush for means of payment — when credit suddenly ceases and only cash payments have validity. At first glance, therefore, the whole crisis seems to be merely a credit and money crisis. And in fact it is only a question of the convertibility of bills of exchange into money. But the majority of these bills represent actual sales and purchases, whose extension far beyond the needs of society is, after all, the basis of the whole crisis. At the same time, an enormous quantity of these bills of exchange represents plain swindle, which now reaches the light of day and collapses; furthermore, unsuccessful speculation with the capital of other people; finally, commodity-capital which has depreciated or is completely unsaleable, or returns that can never more be realised again. The entire artificial system of forced expansion of the reproduction process cannot, of course, be remedied by having some bank, like the Bank of England, give to all the swindlers the deficient capital by means of its paper and having it buy up all the depreciated commodities at their old nominal values. Incidentally, everything here appears distorted, since in this paper world, the real price and its real basis appear nowhere, but only bullion, metal coin, notes, bills of exchange, securities. Particularly in centres where the entire money business of the country is concentrated, like London, does this distortion become apparent; the entire process becomes incomprehensible; it is less so in centres of production.
[...]
It should be noted in regard to imports and exports, that, one after another, all countries become involved in a crisis and that it then becomes evident that all of them, with few exceptions, have exported and imported too much, so that they all have an unfavourable balance of payments. The trouble, therefore, does not actually lie with the balance of payments. … What appears in one country as excessive imports, appears in the other as excessive exports, and vice versa. But over-imports and over-exports have taken place in all countries (we are not speaking here about crop failures, etc., but about a general crisis); that is over-production promoted by credit and the general inflation of prices that goes with it.
[...]
t follows from the above that commodity-capital, during crises and during periods of business depression in general, loses to a large extent its capacity to represent potential money-capital. The same is true of fictitious capital, interest-bearing paper, in so far as it circulates on the stock exchange as money-capital. Its price falls with rising interest. It falls, furthermore, as a result of the general shortage of credit, which compels its owners to dump it in large quantities on the market in order to secure money. It falls, finally, in the case of stocks, partly as a result of the decrease in revenues for which it constitutes drafts and partly as a result of the spurious character of the enterprises which it often enough represents. This fictitious money-capital is enormously reduced in times of crisis, and with it the ability of its owners to borrow money on it on the market. However, the reduction of the money equivalents of these securities on the stock exchange list has nothing to do with the actual capital which they represent, but very much indeed with the solvency of their owners.
So where are Smith and Ricardo on a ‘credit crunch’? You said Marx had nothing new to say, so show me where Smith or Ricardo explained this and why it was old news.
Fisher ripped off most of this for his own theories on deflation in the 1930s. Minsky, and possibly Keynes, and are probably the only economists to have advanced on it in any way.
Rick Perlstein’s new book on Barry Goldwater, the 1964 Republican presidential candidate, reminds us of the power of politics; it recalls an era when the “losers” unexpectedly rewrote the history books thanks to their ability to mobilise, popularise ideas and found movements. They went on to win the bigger war (3).
[...]
In 1964 Goldwater, with the support of only 38% of the US electorate, lost to Lyndon Johnson.
Commentators were quick to write Goldwater off and proclaim the triumph of the Democrats’ centrist, Keynesian ideology. Radical conservatism was finished. Goldwater’s famous call to arms — “Extremism in the defence of liberty is no vice. Moderation in the pursuit of justice is no virtue” — offered voters a counter-revolutionary message grounded in social divisiveness. The Republicans supposedly learned their lesson in defeat. The 1964 elections were won in the centre-ground: radicalism was too frightening, progress was assured and the New Deal appeared invincible. Ideologies were converging, technology was paramount and thinking was monolithic: there was no alternative (4).
[...]
With each day our world edges closer to the dreams of Goldwater, Reagan, Thatcher, Hayek and Friedman. Such figures had weapons that opponents of neo-liberal globalisation could never hope to muster; business interests are not about to finance the research activities of those who seek to overthrow them.
There a certain style to the politics which many comments here remind me of. The Paranoid Style in American Politics, By Richard Hofstadter, Harper’s Magazine, November 1964:
American politics has often been an arena for angry minds. In recent years we have seen angry minds at work mainly among extreme right-wingers, who have now demonstrated in the Goldwater movement how much political leverage can be got out of the animosities and passions of a small minority. But behind this I believe there is a style of mind that is far from new and that is not necessarily right-wind. I call it the paranoid style simply because no other word adequately evokes the sense of heated exaggeration, suspiciousness, and conspiratorial fantasy that I have in mind. In using the expression “paranoid style” I am not speaking in a clinical sense, but borrowing a clinical term for other purposes. …
To often crippled by that style of analysis, I see little prospect of Americans regaining control of their state from financial corporations and the think-tank fronts for oligarchs and foundations.
As a means to secure liberty, that brand of politics strikes me as going Up The Hill Backwards (David Bowie).
Harry W…go pull that sophomoric shit on some kindergartner….who has a remote chance or some semblance of the necessary gullibility…… to fall for it.
You’ve never read Ricardo or Smith or Mill or anybody else.
You’re the “echo” that Goldwater complained about.
Please tell me about Marx & the “credit crunch”….of 2008….so that I can exposed for all to see that you neither know Marx or “credit”…only adolescent BLUSTER.
As for Goldwater…your comments prove you know nothing about him or his campaign….more “public-school” pablum.
You sound very, very YOUNG.
You said everything Marx has said had already be said by Smith, Ricardo et al. I’m just asking you to back that up.
Marx on derivatives as ‘fictitious capital’, citing Smith:
With the development of interest-bearing capital and the credit system, all capital seems to double itself, and sometimes treble itself, by the various modes in which the same capital, or perhaps even the same claim on a debt, appears in different forms in different hands.[3] The greater portion of this “money-capital” is purely fictitious. All the deposits, with the exception of the reserve fund, are merely claims on the banker, which, however, never exist as deposits. To the extent that they serve in clearing-house transactions, they perform the function of capital for the bankers — after the latter have loaned them out. They pay one another their mutual drafts upon the non-existing deposits by balancing their mutual accounts.
Adam Smith says with regard to the role played by capital in the loaning of money:
“Even in the moneyed interest, however, the money is, as it were, but the deed of assignment which conveys from one hand to another those capitals which the owners do not care to employ themselves. Those capitals may be greater in almost any proportion than the amount of the money, which serves as the instrument of their conveyance, the same pieces of money successively serving for many different loans, as well as for many different purchases. … Those loans, however, may be all perfectly well secured, the goods purchased by the different debtors being so employed, as, in due time, to bring back, with a profit, an equal value either of coin or of paper. And as the same pieces of money can thus serve as the instrument of different loans to three, or for the same reason, to thirty times their value, so they may likewise successively serve as the instrument of repayment. ([An Inquiry into the Nature and Causes o/ the Wealth of Nations, Aberdeen, London, 1848, p. 236. — Ed.] Book II, Chap. IV.)
Since the same piece of money can be used for various purchases, corresponding to its velocity of circulation, it can similarly be used for various loans, since the purchases lake it from one person to another, and a loan is but a transfer from one person to another without the mediation of a purchase.
And in Chapter 30 he advances on Smith, to explain a credit crunch like we had in 2007-8, and the fate of policy responses like bailouts and guarantees for the value of derivatives (fictitious capital):
In a system of production, where the entire continuity of the reproduction process rests upon credit, a crisis must obviously occur — a tremendous rush for means of payment — when credit suddenly ceases and only cash payments have validity. At first glance, therefore, the whole crisis seems to be merely a credit and money crisis. And in fact it is only a question of the convertibility of bills of exchange into money. But the majority of these bills represent actual sales and purchases, whose extension far beyond the needs of society is, after all, the basis of the whole crisis. At the same time, an enormous quantity of these bills of exchange represents plain swindle, which now reaches the light of day and collapses; furthermore, unsuccessful speculation with the capital of other people; finally, commodity-capital which has depreciated or is completely unsaleable, or returns that can never more be realised again. The entire artificial system of forced expansion of the reproduction process cannot, of course, be remedied by having some bank, like the Bank of England, give to all the swindlers the deficient capital by means of its paper and having it buy up all the depreciated commodities at their old nominal values. Incidentally, everything here appears distorted, since in this paper world, the real price and its real basis appear nowhere, but only bullion, metal coin, notes, bills of exchange, securities. Particularly in centres where the entire money business of the country is concentrated, like London, does this distortion become apparent; the entire process becomes incomprehensible; it is less so in centres of production.
[...]
It should be noted in regard to imports and exports, that, one after another, all countries become involved in a crisis and that it then becomes evident that all of them, with few exceptions, have exported and imported too much, so that they all have an unfavourable balance of payments. The trouble, therefore, does not actually lie with the balance of payments. … What appears in one country as excessive imports, appears in the other as excessive exports, and vice versa. But over-imports and over-exports have taken place in all countries (we are not speaking here about crop failures, etc., but about a general crisis); that is over-production promoted by credit and the general inflation of prices that goes with it.
[...]
t follows from the above that commodity-capital, during crises and during periods of business depression in general, loses to a large extent its capacity to represent potential money-capital. The same is true of fictitious capital, interest-bearing paper, in so far as it circulates on the stock exchange as money-capital. Its price falls with rising interest. It falls, furthermore, as a result of the general shortage of credit, which compels its owners to dump it in large quantities on the market in order to secure money. It falls, finally, in the case of stocks, partly as a result of the decrease in revenues for which it constitutes drafts and partly as a result of the spurious character of the enterprises which it often enough represents. This fictitious money-capital is enormously reduced in times of crisis, and with it the ability of its owners to borrow money on it on the market. However, the reduction of the money equivalents of these securities on the stock exchange list has nothing to do with the actual capital which they represent, but very much indeed with the solvency of their owners.
So where are Smith and Ricardo on a ‘credit crunch’? You said Marx had nothing new to say, so show me where Smith or Ricardo explained this and why it was old news.
Fisher ripped off most of this for his own theories on deflation in the 1930s. Minsky, and possibly Keynes, and are probably the only economists to have advanced on it in any way.
Rick Perlstein’s new book on Barry Goldwater, the 1964 Republican presidential candidate, reminds us of the power of politics; it recalls an era when the “losers” unexpectedly rewrote the history books thanks to their ability to mobilise, popularise ideas and found movements. They went on to win the bigger war (3).
[...]
In 1964 Goldwater, with the support of only 38% of the US electorate, lost to Lyndon Johnson.
Commentators were quick to write Goldwater off and proclaim the triumph of the Democrats’ centrist, Keynesian ideology. Radical conservatism was finished. Goldwater’s famous call to arms — “Extremism in the defence of liberty is no vice. Moderation in the pursuit of justice is no virtue” — offered voters a counter-revolutionary message grounded in social divisiveness. The Republicans supposedly learned their lesson in defeat. The 1964 elections were won in the centre-ground: radicalism was too frightening, progress was assured and the New Deal appeared invincible. Ideologies were converging, technology was paramount and thinking was monolithic: there was no alternative (4).
[...]
With each day our world edges closer to the dreams of Goldwater, Reagan, Thatcher, Hayek and Friedman. Such figures had weapons that opponents of neo-liberal globalisation could never hope to muster; business interests are not about to finance the research activities of those who seek to overthrow them.
There a certain style to the politics which many comments here remind me of. The Paranoid Style in American Politics, By Richard Hofstadter, Harper’s Magazine, November 1964:
American politics has often been an arena for angry minds. In recent years we have seen angry minds at work mainly among extreme right-wingers, who have now demonstrated in the Goldwater movement how much political leverage can be got out of the animosities and passions of a small minority. But behind this I believe there is a style of mind that is far from new and that is not necessarily right-wind. I call it the paranoid style simply because no other word adequately evokes the sense of heated exaggeration, suspiciousness, and conspiratorial fantasy that I have in mind. In using the expression “paranoid style” I am not speaking in a clinical sense, but borrowing a clinical term for other purposes. …
To often crippled by that style of analysis, I see little prospect of Americans regaining control of their state from financial corporations and the think-tank fronts for oligarchs and foundations.
As a means to secure liberty, that brand of politics strikes me as going Up The Hill Backwards (David Bowie).
I’m intersted with all this talk about Marx. This April the 5th International is to convene in Venezuela. With capitalism busted should Max and Stacy join Chomsky, Pilger and Hugo Chavez at the International.
Is Marx’s economic theory taboo on here, Comrades?
Harry W…..it seems, with a few exceptions….you were kind enough to make both my original point on European Economic thinking…..as well as establish Marx’s great debt to at least Smith. Your investigation failed to survey Ricardo or Mill…..your misfortune.
You did not explain the unique credit problems of 08…other than to suggest that where there’s credit there’s problems….more helpful Marxian brilliance I suppose.
As for ignoring Goldwater….. by citing Hofstadter & Perlstein….priceless….you might as well asked the fox what he thinks of the chicken. Neither reference deals with Goldwater and his campaign….merely post Goldwater. As I originally mentioned Reagan talked Goldwater & did Roosevelt. Conflating Goldwater with Reagan, Thatcher, Rove et al….truly makes my point….which you insist on debunking while citing sources & references to establish the criticism….amazing.
Overall, it appears that you can read….but, it also appears that you do not understand what you are reading. Mostly, tautologies & non sequiturs .
Suggestions…read Ricardo & Mill….and read Karl Hess on Goldwater.er …if its understanding you’re looking for…..and overall hostility to subject is never a good first step.
Lastly…follow Michael Hudson & Antal Fekete….their economic history is generally very reliable….analysis is another matter.
Wow Max! That’s the best show ever. You really didnt pull any punches especially about Israel. The Mega-Elephant in the room that no one wants to talk about. I hope you dont get the ole ‘anti-semtic’ responses in your email.
Israel has 200 to 300 nukes put no one cant say it. Israel flaunts international constantly and without Big Brother backing them up they would have very few friends. Meanwhile Prime Minister Harper in Canada is pretty much pulling the Israeli line.
I believe Canadians have joined the IDF now. Our PM and Foreign Minister are so pro-Israel it is sickening. I dont see them joining our men on the front lines or their kids. I think we should go back to the old days when the Leader took his trrops into battle then we would have no wars after that. I would challenge all leaders of the Western world to join the enlisted men to fight wars. Then it would interesting to see how long the conflicts last.
Everything is worthless chatter or The world is committing financial suicide as long as the worlds wealth is held in private hands and are not really tied to a government except as the USA is being used as the voluntary hostage. If the USA desolved the ties with the Federal Reserve Bankers and nationalized the Federal Banks in order use the profits for the internal US government use without any profits going to the irresponsible private bankers. Let Goldman Sachs and AIG fall into bankruptcy and let the legitimate banks regain their reputation as legitimate lending and saving institutions.
Harry W…..it seems, with a few exceptions….you were kind enough to make both my original point on European Economic thinking…..as well as establish Marx’s great debt to at least Smith. Your investigation failed to survey Ricardo or Mill…..your misfortune.
You did not explain the unique credit problems of 08…other than to suggest that where there’s credit there’s problems….more helpful Marxian brilliance I suppose.
Your original point was that ‘There is nothing that Karl Marx said that had not been said a million times before him….Smith, Ricardo, Mill…..the Physiocrats…….the School at Salamanca…..Nicholas Oresme.’
I provided Marx on a credit crunch, and asked you to provide the equivalent in Smith, Ricardo, etc.
Again, where are Smith and Ricardo on a ‘credit crunch’? You said Marx had nothing new to say, so show me where Smith or Ricardo explained this and why it was old news.
You misunderstood the point about I demonstrated, which was how Marx used Smith’s ideas (in this case on money and credit) and advanced on them to describe the role they play in a credit crunch.
As for ignoring Goldwater….. by citing Hofstadter & Perlstein….priceless….you might as well asked the fox what he thinks of the chicken. Neither reference deals with Goldwater and his campaign….merely post Goldwater. As I originally mentioned Reagan talked Goldwater & did Roosevelt. Conflating Goldwater with Reagan, Thatcher, Rove et al….truly makes my point….which you insist on debunking while citing sources & references to establish the criticism….amazing.
Overall, it appears that you can read….but, it also appears that you do not understand what you are reading. Mostly, tautologies & non sequiturs .
Suggestions…read Ricardo & Mill….and read Karl Hess on Goldwater.er …if its understanding you’re looking for…..and overall hostility to subject is never a good first step.
Lastly…follow Michael Hudson & Antal Fekete….their economic history is generally very reliable….analysis is another matter.
The Goldwater campaign was the cesspool of US politics, in which the new right first emerged as a tendency.
I suggest you back up your original point by showing me Smith, Ricardo etc on a credit crunch rather than cut and paste a couple of irrelevant links that look like you took them straight from a search engine.
The first is an advert for for term paper for sale comparing Marx with Mill…why don’t you buy it if you need it to back up you point about Marx?
Do you expect me to buy it? Do the student’s who rely on essay factories just send a link to their teachers and expect them to pay for the paper they’ll mark? As you put it, ‘pull that sophomoric shit on some kindergartner’.
The second is Marx’s Critique of Classical Economics, i.e. where he distinguishes himself from Smith, Ricardo et al. It undermines your original point that there ‘is nothing that Karl Marx said that had not been said a million times before him….Smith, Ricardo, Mill…’
Apart from that, a lot of bluster to distract from not backing up your original point.
* The second is an advert for for a term paper comparing Marx and Mill…the first is Marx’s Critique of Classical Economics.
I really can’t believe you posted a link to an advert for a term paper from an essay factory as somehow establishing you point. Have you even read the essay?
Harry W…. Marx collected all his bricks from some other mason’s yard; he then used them to construct a building of his own design; like turn Hegel on his head; for example…..one of Marx’s predecessor’s who I forgot to mention was John Gray….Marx essentially repeated everything Gray had said nearly 25 yrs prior to Marx being born. Marx is merely the continuation of classic English political economic “philosophy”,….that’s my point; besides most of Marx was really Engels…something the Russians appreciated completely. You have yet to illuminate how the 08 credit crunch has other unique features versus all other prior credit bubbles….rather you insist on a petty fetish like relationship between Marx & Lehman Bros or whoever else. Marx’s Theory of Value was never understood; even by Marx; for he never took time to define it…just kept calling out by name. We all know that value cannot be explained as a summation of past costs. Overall, Marx analyzed a ‘system” & “visioned” a world that did not exist.
Another author you should consult is Alexander Gray….whose book “Moses to Lenin: the Socialist Tradition”.,1946….will spell it all out for you…should you generally wish to understand the “subject”….my guess is you prefer impressions, sentiments & opinions instead.
Was the Goldwater a cesspool…how so?….and which campaigns weren’t?…what’s your point, really? You know nothing of Goldwater or his campaign….another fetish.
Your obsession with the 08 Credit Crunch…as opposed to all other prior credit crunches is bizarre…new to you maybe; not to the rest of us.
Neither you nor Marx have[had] any appreciation of the massive change in “money & credit”…debt as credit…debt as money….liabilities as assets… brought about by Robert Walpole in the early 1700′s….although Alexander Hamilton certainly did.
Sorry you didn’t appreciate the search references…only intended to illustrate that Libraries have been written on the comparative elements of Smith, Ricardo, Lassalle, Proudhon & Marx….you might consult them one day to help see forest for the tree. The issue of “value” precedes the issue of credit.
first – ha ha!!!! I beat @Bonn!!!
ROFL I can belive ya did this “FOUL” Insider trading
ROFL LOLOLOLOL
Hic
@Bonn – yeah, well try to get the SEC to come after me!!! Hahahahahaha! (oops, see this is already off topic) . . . now the rest of this thread is for comments on this episode of Keiser Report!
MSM wakes up:-
http://www.telegraph.co.uk/finance/economics/7262866/Britain-posts-first-deficit-for-January-since-records-began.html
Mike
The only thing hold up “Iceland on thames” is the FED, CB invertion

Bugger!
Mike
Well done Stacy,….he needed a good kick up the arse! : )
OIL ROW :
We will defend our sovereignty, Argentina warns UK as Falklands row escalates
http://www.dailymail.co.uk/news/article-1251901/Falkland-Islands-oil-row-Argentina-warns-UK-complacency.html
Max, how is it that the largest financial lawsuit filed in world history is largely unnoticed in media? Am I deaf and blind?
http://www.congress.org/congressorg/bio/userletter/?letter_id=4500508671
The case alledges that SEC themselves has been producing funny money – in the trillions – using Ponzi schemes!
Notice the correlation to the Obama Executive Order 12425
http://www.whitehouse.gov/the-press-office/executive-order-amending-executive-order-12425
What a discreet way of Obama to hint that the US currently isn´t a sovereign nation. According to net rumors they´re trying to pay the money demanded in the filing to stop the necessity of a public legal process.
@M&S … Great show … should be on MSM .
No insult intended !
@Max …. “largest financial lawsuit filed in world history ”
Send it to the EU MSM … they could sure use it right now !
EU president pushes for economic power
… BRUSSELS – Will the European Union use Greece’s debt crisis to claw more economic power away from its member governments?
With the euro shaken by fears of a possible Greek default, the European Union’s new president is seeking more authority over the economic sovereignty of its 27 members — which could limit member’s spending on welfare and curb worker protection.
Such a push, eating into the economic sovereignty of its 27 members is sure to draw opposition….
…
…
http://news.yahoo.com/s/ap/20100217/ap_on_bi_ge/eu_europe_financial_crisis
Was I right ?
Good show.
can anyone figure out a way to put the RT file of our Tuesday show into 3 Youtube files for youtube?
Hello Max:
I am one of your fans and love watching your kaiser report. I have attached a presentation I recently made on the topic of Allodial Model Of Free Market. Perhaps I thought you might like reading it.
“The Beginning Of The Lie”
Once upon a time before the year 1066 the people of England held “Allodial” (absolute) title to their land. See http://en.wikipedia.org/wiki/Allodial_title Not even the king could take the land for not paying a tithe. William the Conquer came in 1066 and stole the Kings Title and took the land of the people. From William I, 1066, to King John, 1199, England was in dire straits. It was bankrupt. The current financial and legal system that we inherit today the foundations of which were laid way back in 1066 by uprooting what existed before and replacing with Sovereign Control model at behest of Catholic Church. Prior to Catholic Crusade the system that existed, the tracks of which were laid by King Offa of the Kingdom of Mercia. The Political and Economic system in Northern England matched with that of Islamic Southern Spain and Portugal. During the same period (756 AD) the people of Spain established self rule under guidance from Muslims in Damascus. The people of Portugal were part of the same transformation slowly developing with their Spanish counterparts known then as Al-Andalus meaning The West Of Paradise. The concept of Allodial Ownership of land and property has been systematically removed from history books and legal text books and without understanding this concept we cannot understand ownership. Without correct understanding of ownership we cannot have stable free market. This information has been suppressed from history.
Additional Reading:
Allodial Earth http://servantofthelight.com/content/view/68/98/
King Offa http://servantofthelight.com/content/view/91/123/
Yours truly
Navid
Seriously. Banning is not enough for Goldman Sachs. Merkel should hire contract killers. I would arrest ALL of them at Goldman Sachs Europe, put them on trial, and ask Vladimir Poutine if he has a spare goulag to send these New-York Nazi bastards for 200 years of work in a gold mine. Magadan archipelago with its minus 50 celsius in winter would fit the bill for the Goldman Sachs nazis. Open a russian gold mine with slave labor banksters bastards.
Only ban Grand Satan Goldman Sachs ? What a bunch of whimps ! Arrest them and then rent a couple of guillotines for a couple of days.
Fundementally the people at Goldman Sachs should be put in prison like the criminal against humanity they are.Somebody should the International War crimes at la Hague to sue the banksters for crimes against humanity. By the way Milosevic was also a banksters.
thanks @Bonn and @Stacy. hahaha. needed that
Ironic how virtuality is promoted while hacking is (for obvious reasons) slowly criminalized. We are not supposed to know or understand what is behind the curtain.. http://www.youtube.com/watch?v=C2pNbxzzsCk
Stupid Europeans. That’s what happens when you fuck with the DEVIL from Grand Satan Goldman Sachs. Serves them right. Freakin politicians retards.
Behind the curtain is the devil. Eyes wide shut. Sauve qui peut la vie.
@david
Good show ? Only ? Brilliant show ! Just brilliant. New collateral synthetic vomit bond by dried up vomit amortized on 200 years.
Stacy, you mentioned in the show that Goldman was ‘aiding’ Greece in hiding their debt, and of course everyone is outraged at this.
Hang on a minute! As we’ve previously discussed, in Ireland as part of NAMA, the ECB issued bonds and agreed to keep Ireland’s new debt (NAMA) off its balance sheet.
http://www.irishtimes.com/newspaper/finance/2009/1021/1224257146449.html
With Greece imploding, everyone’s horrified reaction to ‘secret debt’ and the markets reaction, this trick now seems redundant. Does this situation make Ireland a basket case? More than we are already!?
what about collateralized leprechaun obligations to jump start Ireland’s economy?
you don’t need an actual pot of gold at the end of the rainbow, just a synthetic rainbow that jim cramer can talk about on CNBC
short the rainbow futures on a ‘dark exchange’
go long lucky charms cereal as a hedge – because everyone knows, lucky charms are magically deliciious
Max / YouTube (YT)
Given that you produce original content, check YT ‘Director account’ – removes ten minute limit (no $ charge).
e.g. Schiff runs 25 min videos uninterrupted.
Re: flv vs mov, avi, mpeg, wmv, this is a common situation and I’m sure someone knows the answer. (I know very little about YT.)
http://youtube-global.blogspot.com/2006/04/introducing-youtube-director.html
x
we have tried the director acct. but it’s a no go
in the meantime, can anyone load the tuesday show on yt – in 3 10 min. segments?
@maxkeiser @x – there is also the perhaps obvious fact that I can also upload to YT; at the moment, however, I am working on next episode of KR but can indeed upload to YT in approximately 3 hours time; unless someone wants to do it sooner
re: director account, we have been denied such an account unless we take down all the Oracle stuff, all the Aljaz stuff, Max’s news appearances and, indeed, we would not be permitted to upload the RT stuff unless we can send copies of our contracts to YT and also get signed permission from the other broadcasters on which MK makes the news appearances
@Max & Navid … “The Beginning Of The Lie”
Big Thanks for the Wiki Links … fascinating !
Stacy
I get it. There’s always a catch.
Personally, I hate that 10 min thing – breaks up the flow – and watch direct from source whenever possible (RT, Press TV) – but YT is important.
@x – all that was for nothing as RT just uploaded the episode to YT: http://www.youtube.com/watch?v=SkkOUIKuAX4
Max…you done good with Mr Roberts. Please remember….most Reaganites; like Reagan himself….talked Goldwater; but did Roosevelt. Jimmy Baker as Chief of Staff; Don Regan as Chief of Staff; then they switch to Treasury. George Bush as VP. Max…DO NOT let any Reaganites off the Mat….including Volcker…..Mr Hank Paulson was HR Haldemann’s Chief of Staff.
The Ordering should be as follows: Confession—Repentance–Redemption–Resurrection. At this Stage….ALL MUST CONFESS!!!!!
Please publicize this as much as you can; the mainstream media MUST be held accountable.
Also noteworthy, the NY Times may have lifted material from one of my other sites, IamFacingForeclosure.com, back in 2007, when we were reporting on Judge Boyko in Ohio throwing out foreclosures for failure to produce the note:
http://iamfacingforeclosure.com/blog/2007/11/16/true-sale-false-securitizations/
http://boombustblog.com/Reggie-Middleton/1318-Do-Blogs-Compete-at-a-Level-that-Threatens-Mainstream-Media.html
How the official media is being crushed and vaporized (Thank God !) by the blogs !
@Max:
Excellent interview with CPR. A nation of “insouciants” How polite. Yes whena French person next asks you why we unleashed this mafia plague in the US you can just say we are just a nation of “insoucjants”!
Can’t wait for part two.
Your shows are the closest I’ve been to a TV style news show in years, except for the Daily Show. The TV is gathering dust.
Nice to be US government! Wipe out all your debts with a so-called cyber attack from China and then start WWIII to hide the crime! Always the same tactics!
1/ P. C. Roberts is the best.
2/ Reserve currency: Bring back the Deutsche Mark.
@Max
very cool that you acknowledge alex jones (unfortunately) being so right about stuff
@Max&Stacy
will gerald celente ever be back on your show?
do you think the bankers are bought and paid for like the president?
Well, there are only two classes of Americans, Max.
What?!
Yes, dumb and dumber. Farrell says so.
Americans need to get smart.
Well, they surely aren’t moral. We’re moral now, Max? We live in Paris!!!
Yes, of course Stacey. Class inequality. Lies at the heart of the problem. Marx said so.
You mean Farrell, Marx, I mean Max.
Who’s talking about Marx? You would think you’d know my name by now, Stacey.
Yes, well, capital is criminal when Americans get their hands on it. That’s why they need gold. Gold!!! Gold’s the ticket. The Golden Ticket.
Goldman Tickets? Do they sell tickets?
No, Stacey. Goldman is bad. Wallstreet is bad. Washington is bad. Capital is good when it is golden.
Right-ee-o. Marx you’re smart!
That would be Max, Stacey.
Of course! You don’t have a beard like Marx did. I knew that, Max!
Aarghh
Max,
Goldman is the mafia casino, they don’t speculate or gamble, they are rent seekers
The savers are the speculators…forced to gamble
@Stacy
Scott Brown won due to bankers giving money 5 days before election….HUH
You are sucked into Huffpo propaganda and spin
Huffpo referenced actual article in Boston Globe
http://www.boston.com/business/articles/2010/02/01/late_in_senate_race_financial_sector_donations_swelled_browns_coffers/?s_campaign=8315
Quote
“We’re seeing increased involvement overall, in terms of both interactions with members of Congress and through increased PAC contributions,’’ Talbott said.
In the Massachusetts race, Brown received about $442,000 from Jan. 11 through Jan. 16, while Coakley got $92,000 from financial industry workers during this period. Those figures are based on interim reports candidates must file to disclose donations of $1,000 or more within 20 days of an election. A more detailed accounting is not due until later in February.
Nonetheless, the fund-raising stands in marked contrast to last year’s, when Brown had yet to take a spot on the national stage and Coakley enjoyed the fund-raising advantage.
According to the Center for Responsive Politics, Brown collected $23,700 from employees of securities and investment firms through Dec. 31, while Coakley got $79,050.
update on planes and buildings in austin tx
‘following the crash of a small place into an building that houses offices of the Internal Revenue Service.’
http://www.sacbee.com/latest/story/2546692.html
Boy, I have to say I’ve seen and heard this guy rip the hell out of everything and everyone. Heard him on AJ….. very vociferous regarding Israel……he seemed to be playing politics and hedging. I loved your questions at the end Max whether or not he is being held hostage! LOL
Roberts skirted around the issue of why Israel was at the heart of the problem, the elephant is in the room but people too polite (afraid) to talk about it
Hello Max,
I enjoy your program,”Max Keiser On Edge”, and try to catch it as much as possible. I think you think alot out of the box and speak the truth about our financial situation of our economy in the U.S.. The fact that our economy is resting on a toxic wasteland of otc derivatives that the government refuse to regulate since the Clinton Administration means that our economic disaster is not over. The Obama Administration is merely decieving the American public. Otc’s were the major cause of the our economy coming to near collaspe and it isn’t over. Brookesley Brown of the Clinton Administration warn about the fraud involved in OTCs and was force out my Timothy Geithner’s bosses: Alan Greenspan and his Federal Reserve cronies. Keep up the great work. I’ll keep watching.
Andre
Thanks for the Youtube version – always preferable as I can download the content to my iPhone and take it to the gym for a laugh whilst fighting the winter weight gain….
How about a Truth About Comments update?
@ JIM , 2:32 pm
Agreed, with the beneficial nature of confession.
Not merely for cleansing of the soul, but practical applications in our new world. We all should confess as a regular ritual, and as a daily exercise to build the kind of skills and proficiency that will make us the successful… confessors, under torture. To so many things, it’s hard to remember them all…!
When “on the rack,” it will be a time to be brave and stoic, but really he who can correctly respond to the situation, which is to say, demonstrating a sincerity laden cock and bull story of sufficient entertainment value, delivered in a “timely fashion,” at the precise moment, not too early on… otherwise needless repetitions…
My Question though is: Where exactly does Reagan resemble FDR?
I wouldn’t think the comparison would be useful, other than as a very loose fitting jacket, as a profligate big spender of the national treasure. But that is a far less important fact than that Reagan started the thing rolling, with decline of regulations, and cannablistic privatisation, and kill government theology, so the hill billies from Arkinsas/illanois had some momentum going in. Which is polar opposite to FDR.IMHO.
PS: consider this as peripheral, and from a “fringe” student here. I added some of the current events topics to the subject for timelyness.
Israel is def the Elephant in the room, they have nukes, but not a sustainable economy, they get bailed out by the US time and time again and have not had a recession in decades.
All the countries around them are considered hostile, and worse for them China and India has no interest in seeing a Jewish State (not that I’ve read). However they do have mosad, which probably is the best/worst (depending who you are) intelligence org in the world.
hopefully tony blair will be in the local area when it kicks off, and use his international hand of history to bring peace as quickly as possible in an area which has not seen peace for 2000+ years.
@ Paul Craig Roberts,
All of what Paul has said is among the best of commontary , so it is a win win, here on the Keiser channel. I appreciate the down to earth use of language style, and directed attention to the crux of issues.
It might be useful for some of the bloggers to attempt to develop the more plain and conventional communication skills that are needed to explain or simplify or make things understandable to others.
Problems get worse and more diffucult to unravel, not only because the pros are intentionally “obscuring things, but so many seem to feel a need to be cryptic, and cute, which is all wrong, sorry to say.
@Max
OK here is a elephant Max that I Hope you can explain
Why does Isreal have no reported Gold reserves
us Irish have 5.5 tons more then the Isrealis ?
Is there a cultural aversion to the use of Gold
It is a extremely vulgar form of wealth after all
great show
ask Dr Roberts again… great insider.
@max
Dark exchange….don’t you just love these terms for stealing?
Yes, I think collateralized Leprechaun obligations would be a good vehicle for Jim Kramer to sell. LOL What an ass. He could wear a green suit with a peaked hat….with a rainbow as a backdrop on the set. Perfect.
Announced of mass rape and pillage today in France. 320 billion euro “aid” package to the banksters. The whole pan european package announced ? 320 billion euros.
http://www.lefigaro.fr/conjoncture/2010/02/17/04016-20100217ARTFIG00694-320-milliards-pour-un-plan-de-sauvetage-europeen-.php
Thank God for the european slaves.
Joe Shmoe…Roberts was in the Reagan Administration for only a year(1981-82)….he worked for Don Regan(Merrill Lynch) at Treasury.
The Reagan Presidency was an Obama event for aging WW2 types who were crushed by the extreme destructiveness of the 70′s(Nixon-Ford-Carter….much like today…in many ways). Mike Deaver set him up as the friendly Gipper from a ranch in Cal. who rode in to put out the fires.
Anyway…..the “libertarian”-Goldwater pitch fizzled fast as Rockefeller appointments dominated the administration. Martin Anderson; like Roberts left very early; seeing the writing ion the wall….David Stockman(OMB) was takin’ to the woodshed for saying “there are no conservatives in Congress”.
Reagan was a Big Guv-Imperialist(national interests)….like all the others before & after him…that’s the job. You just need a guy who can re-sell the Agenda.
Reagan was NO CONSERVATIVE. Goldwater got 40% of the vote 1964. Had he been elected…the neo-Con//welfare state would not have been disbanded…but it would have been seriously throttled back. Me thinks the country might finally be ready for a Goldwater….but he is now where to be found…the ethos has changed too much.
My guess is that Roberts could explain all this…Max just needs to ask him.
http://www.timesonline.co.uk/tol/comment/faith/article6884704.ece
“L’Osservatore Romano, the Vatican newspaper, said yesterday that Marx’s early critiques of capitalism had highlighted the “social alienation” felt by the “large part of humanity” that remained excluded, even now, from economic and political decision-making.
Georg Sans, a German-born professor of the history of contemporary philosophy at the pontifical Gregorian University, wrote in an article that Marx’s work remained especially relevant today as mankind was seeking “a new harmony” between its needs and the natural environment. He also said that Marx’s theories may help to explain the enduring issue of income inequality within capitalist societies.
“We have to ask ourselves, with Marx, whether the forms of alienation of which he spoke have their origin in the capitalist system,” Professor Sans wrote. “If money as such does not multiply on its own, how are we to explain the accumulation of wealth in the hands of the few.”"
Joe Shmoe….BTW: I worked for Reagan in 1976 at the Kansas City Convention….when Reagan got dished by Baker & Ford(Bush Sr.)….Reagan was so pissed off; he went back to Cal & didn’t lift a finger to help Ford(which is why he lost to Carter. Lastly; Reagan gave the nominating speech for Goldwater at the 64′ convention(always a sign of things to come).
Bill Moyers “daisy chain” nuke ad was lethal to Goldwater….then, of course, we got Johnson’s Vietnam response….Moyers was Johnson’s Chief of Staff. The Hypocrisy of these men is extraordinarily. Roberts could review all of it.
There is nothing that Karl Marx said that had not been said a million times before him….Smith, Ricardo, Mill…..the Physiocrats…….the School at Salamanca…..Nicholas Oresme.
The essence of the link I left is that the Catholic church is tolerating Marxism through the influence of Pope Benedict XVI. To clarify Benedict’s viewpoint, here is an authoritative translation of his views:
http://www.catholicsocialscientists.org/CSSR/Current/2009/Burke%20-%20Article.pdf
Note Benedict wishes neither capitalism nor marxism but a joining of reason and virtue as evinced through charity. He objects to individualism and also to materialism.
The objection to individualism and materialism is seen in the rhetoric of the press consistent with Benedict’s views.
Max! Wow! The “I” word–>the “J” word..
You got stones, my friend, to do this out in the open. Watch yer back, dude. I mean it. really.
Roberts.. his morality pieces are fabulous.. but the quick wit of Max made the poor old bastard look like an idiot. That’s a fact. You’re quick, kid. Old geezers like Roberts (hmm, and lots of us) don’t stand a fucking chance. Roberts is going to go home, watch the show, see the part where the “I” word is publically flogged about like a dead cat.. and freak out. “OMG! Is that Max guy nuts, or what??? What was I getting into here? He’ll be on his old arthritic knees, apraying to his God. And nailing his poor old butt with “The Father of Reaganomics”. Ooh. Nasty. And that bit at the end: “maybe next time you’ll show us your balls, DOCTOR Roberts.”
You’re a mean kid, Max. You remind me of some of my kids. Mean fuckers. Smart.
There’s nobody representing the workers and the savers. Nobody? Naw, there’s you and Stacy..
jim,
No, Marx perfectly described the ‘credit crunch’ of 2007/8 in Capital Vol.3, Ch 29…can you provide the equivalent in Smith, Ricardo, etc.?
The Goldwater campaign proved to be the cesspool of US politics, appealing that’s where the neo-liberals and neo-cons emerged. It brought out the most reactionary and paranoid tendencies.
@snoot
of course ‘Benedict wishes neither capitalism nor marxism but a joining of reason and virtue as evinced through charity’, because charity is the bourgeois form of justice.
@max: well, Dr. Roberts has been touting the real possibility: that America will lose the reserve currency role for some time( as now he likes to call it the “carry trade currency” ) ..it appears that the apparent devolution of the currency and the other global currencies are certainly headed for a devaluation at best and a country by country collapse in the worst…I rather liked your comment that you preferred the Ruble..HA!!! I suppose that the PTB believe they can manipulate the process so as to bring about a new currency by design..of course that one will be available @ the rate of 10:1 or more…with the invocation that most sovereign funds are @ 500% to GDP well only exacerbates the situation….I only thought it was closer to 200%….and of course your position that the FED is eating it’s own “vomit” is well taken…it appears that the various credit rating agencies will tell the tale…but the question is WHEN??????????? From my point of view the one world currency already exists in the minds of the oligarchs…how and when they impliment the plan is anyone’s guess…any clues???? I rather like your exposing Soros for his Janus faced remarks about gold and of course nothing has changed…the derivatives, the HFT, the Quants, the CDS’s, and the high leveraging…how can the speculators go wrong..they control all the cards and all the dealers ( a/k/a politicians, regulators )….it has become an economy in and of itself( kakocracy )…maintaining the Zombie banks just for cover…have you read http://www.worldreports.org lately??? I guess the Wanta settlement ( if it actually existed ) has been settled and the American taxpayer was due the 30% tax rate ( or $4.3 trillion )…Chris Story interjects that the Clinton heart problem may have been a reaction to the failure to settle last Feb 13th..anyway Mr. Story believes there s such a fund…I included this last ditty just for giggles and grins
Dr Paul Craig Roberts afraid to speak his mind? Maybe he’s been watching the news too much and doesn’t fancy a visit from the stolen-passport team…
Harry W…go pull that sophomoric shit on some kindergartner….who has a remote chance or some semblance of the necessary gullibility…… to fall for it.
You’ve never read Ricardo or Smith or Mill or anybody else.
You’re the “echo” that Goldwater complained about.
Please tell me about Marx & the “credit crunch”….of 2008….so that I can exposed for all to see that you neither know Marx or “credit”…only adolescent BLUSTER.
As for Goldwater…your comments prove you know nothing about him or his campaign….more “public-school” pablum.
You sound very, very YOUNG.
http://en.wikiquote.org/wiki/Barry_Goldwater
Well I prefer charity to objectivism: at least the poor get fed, Richard.
OH, sorry Underfundamentalist! Justice is never meted in this life by any system. But the poor need to be fed!
Frances…sounds like you’re comin’ to the Nazarene…through the back-door…like the back of the BUS…that’s the only way to TRAVAIL.
The Kingdom is not of this world…thank Hades…only my STOMACH…or, the ability to endure my STOMACH…is of this world….Naturalism is DEAD….Much DEADER. than GOD.
Paul Craig Roberts did not evince a melding of reason and virtue in his speaking: his words were not charitable. Charity is not indicated in deceit. The man is obviously finding the whole idea of fooling people a comedy gig.
The sdr will continue to retain value despite volitility: indeed, the world is moving to a new reserve system. The sdr/reserve system will not offer the world ‘peace’. The sdr/system is a means to control for the profit of the men who own the dollar.
A tree is known by its fruits.
Who says one cannot evince charity and be a pagan, Jim? It is a natural human inclination: it is born of the intellect matched with the flesh. Love endures without religion.
Virtue: now there’s an interesting topic. Virtue is defined by the outcome not the objective.
The church casts a shadow upon the face of the earth.
Frances…you snivling little mind-heart-soul tart…I said nothing about virtue.
Frances…there are three philosophical questions.
1…why this & not that????
2…why anything at all???
3…either way; what’s the point((purpose)??/
You fail//Ignore …all three. That’s why you are a posturing IDIOT.
Intellect…Flesh…how perfectly Manichean. Frances, you are a prisoner of your own mind….Kafka understood. Remember Frances….the two most vestructive words in any language are “i” & “we”.
little mind-heart-soul tart
Sounds like Valentine’s candy, so I can’t be all bad!
Hi jim!,………….
or is that low jim,..can never tell : )
Deoo…your pillow or your blankie is nearby…don’t delay. Put the chil’ens back in the crib…for a good nite’s sleep.
the church is “only” the people of faith…in life after death….it is not an institution, it is not a sect…it is only those who believe in the “mercy” & “love” of the next world…that Nature is overcome & then dismissed.
@snoot I agree, all should eat.
The kings of old had a sense of stewardship, if the peasants didn’t eat, the king’s divinity came into question. Today, the kings have no sense of obligation to the land or those upon it. Institutional charity (I’m not talking about personal acts of kindness) allows the injustice to continue, it subsidizes oppression. Via tax cuts or food stamps half the country is on the dole.
Max would you and Stacy both sing?
http://www.youtube.com/watch?v=kSJZ12iMzvQ
1…why this & not that????
2…why anything at all???
3…either way; what’s the point((purpose)??/
You fail//Ignore …all three. That’s why you are a posturing IDIOT.
Why question sensuality? Life beckons, and Jim ties his shoes so he won’t trip up. The answer is always changing, Jim. The nature of the cosmos is to accept not prescribe.
What good does the this/that parliment do for one? All the wise men in the world write words meant to be enjoyed: why must we take to heart their admonitions?
The heart is the stone upon which life writes lessons: the heart pumps to the extremities where fluid movement makes want a memory. Why sit and ponder Jim’s stone tablets. What a bore!
White wigs; white men; white rules. I really wish for colour in the world!
Your necessity, Jim, is my aberration.
The kings of old had a sense of stewardship
?
The kings of old were nasty tyrants.
Frances…..the STATE is nothing more than Bayonets & Debts…but, your Odessa, Hegelian identity detects….not German, not Khazar… strange protections & assurances..the most curious, strange calculus of happiness & joy…the fulfillment of longing.
Countess…you are a pretentious Turkic- Khazar; an Oriental- Asiatic…masquerading as an avatar of decency & dignity.
Frances…you are a PORN STAR…and have NO IDEA. You are a Modern. You are a Keyboard Wonder.
The “next world”": mind you, Jim hasn’t been there, but somebody wrote some nice things about it, sort of like a travel brochure, but you have to believe this this this and this and not that.
That is considered a no no by the travel agency directors: it will lead to serious repercussions and a change of vacation plans.
Because death is like a vacation: we don’t work to survive anymore or live of the fruit of other’s labour. NO. We partake, being that we were good and thought this this this and this and not THAT.
It’s called the Graceland Holiday Home. You get a white sheet and a chorus book. The other place (mind you, Jim doesn’t mention it) has a different itinerary: a refractory period for those that insist on thinking that.
For some reason men in general, and the holiday home sponsors in specific, find the very idea that someone would want to think THAT repugnant. They spend so much time making sure everyone else is miserable they forget to enjoy their own misery.
But it’s worth it. The food is definately better at Graceland (one could say almost divine) and the exalted feeling of sanctity beats being laid low by forever and forever (an eternity mind you) of pokes and jabs and hot assaults meant to remind one that thinking that was a VERY BAD IDEA.
the only healthy sensuality[ever]….the only sublimity…was the Nazarene…the rest was,is, will be…white trash….Soccer the world’s game….make me PUKE.
‘Beauty is truth, truth beauty,—that is all
Ye know on earth, and all ye need to know.’
http://www.bartleby.com/101/625.html
@snoot
what i meant to express is that until modern banking the king’s wealth was tied to the land, this is no longer the case.
Land will always Rule
Where do ya get Gold From -> Land !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Alexander also figured tis Out
Hic
Dont go into Land wen its 100$ a sq feet
Go wen its 20 $ a sq feet and will eventually reach 100 dollars
Tact and inside info will beat any amount of returns tat Gold can offer
Hic
Soot..that beauty stuff…you are a cheap Vudoo, shakin NUN.
buying land is one thing, keeping it is another
Great show again, Max and Stacy… thanks.
There’s no way Cramer lives trough what’s coming at us….
He’s fucked millions of people–all over the planet!
And in Chapter 30 he advances on Smith, to explain a credit crunch like we had in 2007-8, and the fate of policy responses like bailouts and guarantees for the value of derivatives (fictitious capital):
So where are Smith and Ricardo on a ‘credit crunch’? You said Marx had nothing new to say, so show me where Smith or Ricardo explained this and why it was old news.
Fisher ripped off most of this for his own theories on deflation in the 1930s. Minsky, and possibly Keynes, and are probably the only economists to have advanced on it in any way.
Fisher, Keynes, Minsky, and Keen on “Bubbles in Everything” and Debt Deflation:
http://www.itulip.com/forums/showthread.php?p=9773#post9773
Your manner fits nicely with the nostalgia for Goldwater.
HOW NEO-LIBERALISM TOOK OVER THE WORLD
There is an alternative – Le Monde diplomatique
http://mondediplo.com/2002/01/11alternative
There a certain style to the politics which many comments here remind me of. The Paranoid Style in American Politics, By Richard Hofstadter, Harper’s Magazine, November 1964:
To often crippled by that style of analysis, I see little prospect of Americans regaining control of their state from financial corporations and the think-tank fronts for oligarchs and foundations.
As a means to secure liberty, that brand of politics strikes me as going Up The Hill Backwards (David Bowie).
Quotes fixed…
@ jim,
You said everything Marx has said had already be said by Smith, Ricardo et al. I’m just asking you to back that up.
Marx on derivatives as ‘fictitious capital’, citing Smith:
And in Chapter 30 he advances on Smith, to explain a credit crunch like we had in 2007-8, and the fate of policy responses like bailouts and guarantees for the value of derivatives (fictitious capital):
So where are Smith and Ricardo on a ‘credit crunch’? You said Marx had nothing new to say, so show me where Smith or Ricardo explained this and why it was old news.
Fisher ripped off most of this for his own theories on deflation in the 1930s. Minsky, and possibly Keynes, and are probably the only economists to have advanced on it in any way.
Fisher, Keynes, Minsky, and Keen on “Bubbles in Everything” and Debt Deflation:
http://www.itulip.com/forums/showthread.php?p=9773#post9773
Your manner fits nicely with the nostalgia for Goldwater.
HOW NEO-LIBERALISM TOOK OVER THE WORLD
There is an alternative – Le Monde diplomatique
http://mondediplo.com/2002/01/11alternative
There a certain style to the politics which many comments here remind me of. The Paranoid Style in American Politics, By Richard Hofstadter, Harper’s Magazine, November 1964:
To often crippled by that style of analysis, I see little prospect of Americans regaining control of their state from financial corporations and the think-tank fronts for oligarchs and foundations.
As a means to secure liberty, that brand of politics strikes me as going Up The Hill Backwards (David Bowie).
Now show me Smith, Ricardo et al.
Good show – as always. I sent the link to my friends with the subject line “buy gold and head for the hills”.
I’m intersted with all this talk about Marx. This April the 5th International is to convene in Venezuela. With capitalism busted should Max and Stacy join Chomsky, Pilger and Hugo Chavez at the International.
Is Marx’s economic theory taboo on here, Comrades?
How about inviting Prof.David Harvey or Prof.Rick Wolff onto the show? Max and Stacy would love them.
Harry W…..it seems, with a few exceptions….you were kind enough to make both my original point on European Economic thinking…..as well as establish Marx’s great debt to at least Smith. Your investigation failed to survey Ricardo or Mill…..your misfortune.
You did not explain the unique credit problems of 08…other than to suggest that where there’s credit there’s problems….more helpful Marxian brilliance I suppose.
As for ignoring Goldwater….. by citing Hofstadter & Perlstein….priceless….you might as well asked the fox what he thinks of the chicken. Neither reference deals with Goldwater and his campaign….merely post Goldwater. As I originally mentioned Reagan talked Goldwater & did Roosevelt. Conflating Goldwater with Reagan, Thatcher, Rove et al….truly makes my point….which you insist on debunking while citing sources & references to establish the criticism….amazing.
Overall, it appears that you can read….but, it also appears that you do not understand what you are reading. Mostly, tautologies & non sequiturs .
Suggestions…read Ricardo & Mill….and read Karl Hess on Goldwater.er …if its understanding you’re looking for…..and overall hostility to subject is never a good first step.
Lastly…follow Michael Hudson & Antal Fekete….their economic history is generally very reliable….analysis is another matter.
Ecellent Job Max & Stacy.
Can you bring the “Oracle” onto your show?
http://www.marxists.org/archive/pilling/works/capital/geoff1.htm
http://www.academon.com/Comparison-Essay-J-S-Mill-and-Karl-Marx/97117
http://en.wikipedia.org/wiki/Karl_Hess
Wow Max! That’s the best show ever. You really didnt pull any punches especially about Israel. The Mega-Elephant in the room that no one wants to talk about. I hope you dont get the ole ‘anti-semtic’ responses in your email.
Israel has 200 to 300 nukes put no one cant say it. Israel flaunts international constantly and without Big Brother backing them up they would have very few friends. Meanwhile Prime Minister Harper in Canada is pretty much pulling the Israeli line.
I believe Canadians have joined the IDF now. Our PM and Foreign Minister are so pro-Israel it is sickening. I dont see them joining our men on the front lines or their kids. I think we should go back to the old days when the Leader took his trrops into battle then we would have no wars after that. I would challenge all leaders of the Western world to join the enlisted men to fight wars. Then it would interesting to see how long the conflicts last.
Here’s the link
http://www.theglobeandmail.com/blogs/bureau-blog/an-attack-on-israel-would-be-considered-an-attack-on-canada/article1470211/
Stock up on coffee because bananas rot.
Everything is worthless chatter or The world is committing financial suicide as long as the worlds wealth is held in private hands and are not really tied to a government except as the USA is being used as the voluntary hostage. If the USA desolved the ties with the Federal Reserve Bankers and nationalized the Federal Banks in order use the profits for the internal US government use without any profits going to the irresponsible private bankers. Let Goldman Sachs and AIG fall into bankruptcy and let the legitimate banks regain their reputation as legitimate lending and saving institutions.
@ jim
Your original point was that ‘There is nothing that Karl Marx said that had not been said a million times before him….Smith, Ricardo, Mill…..the Physiocrats…….the School at Salamanca…..Nicholas Oresme.’
I provided Marx on a credit crunch, and asked you to provide the equivalent in Smith, Ricardo, etc.
Again, where are Smith and Ricardo on a ‘credit crunch’? You said Marx had nothing new to say, so show me where Smith or Ricardo explained this and why it was old news.
You misunderstood the point about I demonstrated, which was how Marx used Smith’s ideas (in this case on money and credit) and advanced on them to describe the role they play in a credit crunch.
The Goldwater campaign was the cesspool of US politics, in which the new right first emerged as a tendency.
I suggest you back up your original point by showing me Smith, Ricardo etc on a credit crunch rather than cut and paste a couple of irrelevant links that look like you took them straight from a search engine.
The first is an advert for for term paper for sale comparing Marx with Mill…why don’t you buy it if you need it to back up you point about Marx?
Do you expect me to buy it? Do the student’s who rely on essay factories just send a link to their teachers and expect them to pay for the paper they’ll mark? As you put it, ‘pull that sophomoric shit on some kindergartner’.
The second is Marx’s Critique of Classical Economics, i.e. where he distinguishes himself from Smith, Ricardo et al. It undermines your original point that there ‘is nothing that Karl Marx said that had not been said a million times before him….Smith, Ricardo, Mill…’
Apart from that, a lot of bluster to distract from not backing up your original point.
* The second is an advert for for a term paper comparing Marx and Mill…the first is Marx’s Critique of Classical Economics.
I really can’t believe you posted a link to an advert for a term paper from an essay factory as somehow establishing you point. Have you even read the essay?
Harry W…. Marx collected all his bricks from some other mason’s yard; he then used them to construct a building of his own design; like turn Hegel on his head; for example…..one of Marx’s predecessor’s who I forgot to mention was John Gray….Marx essentially repeated everything Gray had said nearly 25 yrs prior to Marx being born. Marx is merely the continuation of classic English political economic “philosophy”,….that’s my point; besides most of Marx was really Engels…something the Russians appreciated completely. You have yet to illuminate how the 08 credit crunch has other unique features versus all other prior credit bubbles….rather you insist on a petty fetish like relationship between Marx & Lehman Bros or whoever else. Marx’s Theory of Value was never understood; even by Marx; for he never took time to define it…just kept calling out by name. We all know that value cannot be explained as a summation of past costs. Overall, Marx analyzed a ‘system” & “visioned” a world that did not exist.
Another author you should consult is Alexander Gray….whose book “Moses to Lenin: the Socialist Tradition”.,1946….will spell it all out for you…should you generally wish to understand the “subject”….my guess is you prefer impressions, sentiments & opinions instead.
Was the Goldwater a cesspool…how so?….and which campaigns weren’t?…what’s your point, really? You know nothing of Goldwater or his campaign….another fetish.
Your obsession with the 08 Credit Crunch…as opposed to all other prior credit crunches is bizarre…new to you maybe; not to the rest of us.
Neither you nor Marx have[had] any appreciation of the massive change in “money & credit”…debt as credit…debt as money….liabilities as assets… brought about by Robert Walpole in the early 1700′s….although Alexander Hamilton certainly did.
Sorry you didn’t appreciate the search references…only intended to illustrate that Libraries have been written on the comparative elements of Smith, Ricardo, Lassalle, Proudhon & Marx….you might consult them one day to help see forest for the tree. The issue of “value” precedes the issue of credit.
Not so sure how much moral authority Greece has – as they solicited the “help” of Goldman Sachs to “facilitate” their admission into the Euro Zone.