Stacy Summary: Here it is!
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
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- SmartKnowledge
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fiat money and the french revolution
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crash banksters – Buy Silver & gold
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first
@maxkeiser
insider cheat.
3rd!
last
;-(
i’ll take the fifth
Great show .. yet again !
Very interesting guest .. enjoyed listening to his perspectives.
Thx
7th!
Great guest, nice and quiet not boring..
Btw, gold IS on a tear
8th!
I’ll try re-setting my browser first but should there be any reason why none of the videos are showing at the moment? Just blank spaces..
Again… a great program—
Does “Guard labor” include:
1. Blackwater contractors?
2. Bank employees?
3. Insurance corporation employees?
4. Local rent-a-cops
5. Media & Journalists
@ Max
I wonder how difficult it would be to gather comparative statistics on the major economies content of Guard labor. This would be a useful indicator of both their productive capacity AND their social cohesion
@GGees-
Guard labor might be murky to assess.
Do you include mafia members who guard illicitly?
What about all the judges and lawyers on the take from those in the den of thieves?
The bank managed, outsourced, foodstamp “industry”; that news there blew my mind this Friday evening – not to mention the guard labour bit. Excellent show.
@California Dr
Just as long as the comparators are based on the same data sets they should at least be indicative
@Max
LOVE THE VEST….STICK WITH THAT. GLAD TO SEE YOU LOST THOSE GAWD AWFUL GLASSES…
NOW….JUST MESS UP YOUR HAIR….IT’S TOO “NICE BOY”
(Stacy….help him out with this…would ya?)
lol
The entire MIC could considered guard labor.
I had the impression patent iddues where not that much on the foreground anymore, but this article caugt my eye http://tinyurl.com/ygw4blw
Intellectual Ventures, a secretive $5 billion investment firm that has scooped up 30,000 patents..
Exactly what you don’t want, but necessary as one of the last plausible bubble machines. Patent speculation if it resticts production is the death to innovation, especcially with the obviously corrupt and US favouring laws (in the US your invention can be in the public domain and still patentable).
In a health care note, I was getting some free medicin as part of my 100 Euro/month socialist insurance scheme (including dental care), when it occured to me there really is no reason why medicin should make money. Everybody needs it and there are plenty of people that want to help others for a reasonable fee, so why in the hell is it a commercial enterprise. ANyway, maybe I;m retarded that I don’t understand, I fixed one problem and got another in return..
Good interview with a interesting perspective. Yep I agree inequality has to be less stable than equality and unfair criminal inequality very unstable and thus temporary.
But what events will we suffer in order for this reset?
mmmm?
To a Thermin based theme, I’ll be the 6th cents
Dollar Dollar Dollaaaaaarrrhh
@ California Doctor
The world has so diversified and complicated its organization that we have a waterhead of overhead, including the ‘guards’.
The guards drain the second most on the ‘real providers’ because their added value is zero to highly negative.
However the guards are protecting the real number one baddies: the money shifting parasites a.k.a. the banksters, the power elites and politicians.
guard labor or Praetorian Guard
Jay Gould, the famous robber baron who tried to corner the gold market on Black Friday in 1869, is rumored to have said, ‘I could hire half the workers to kill the other half’
Protection money doesn’t go as far as it used to.
@California Doctor
You forgot Teachers and the whole school infrastructure built to create obedient consumers who kowtow to authority, lack self-esteem and are unable to think for themselves. Without this inert mass no number of guards could keep the peasants from revolting.
How do I add a picture to my profile on here?
@Shrapnel – gravatar.com
Formerly Shrapnel – now I have a new name, hope you like my portrait.
Pardon my experiments. Checking if I can keep my original name
Ah, but the guard labor is only loyal as long as it gets paid… see Machiavelli’s comments on mercenaries. If all fiat currency becomes worthless, will they work for free? For bartered goods? Just my random thoughts.
There is always a catch somewhere.
@ norcalkid
Most of us are mercenaries one way of the other. Especially with the contractor culture that is still on the rise. I am a contractor tossed around however the outsourcing or lending company sees fit. The paper the contract is printed on is worth as much as… (drumroll for Max) toiletpaper!
So my loyalty is very much tied to keeping them just satisfied to keep them paying…
Cheap shots dept:
1/ Bowles: ‘Recently, people maintained their level of consumption by supplementing with debt’ – a presumably entitled level, after he referred to ’100 years of 2-3% real wage growth’.
(Emergence of the middle class was not due to 2-3% wage growth,
but that’s another story.)
Translated: They lived beyond their means.
Not referring to predatory mortgage lending, but to multiple cars, boats, cottages, restaurants, gadgets, $ 4 Starbucks coffee, etc.
2/ Bowles: Continued worship of information.
Education and information are important, but as Max – and Paul Craig Roberts – point out, still a serf if not part of oligarch class.
“It’s morally wrong to allow a sucker to keep his money.”
W.C. Fields
Guards are fiercely loyal to one another and tend to think in terms of “them” versus “us”. They are guarding themselves and their livelihoods just as much if not more so than their masters. Any order that comes down from “on high” is rarely questioned, even if it is known to be illegal or immoral. If the boss says hit em the head, they hit em on the head.
Example: The house to house search and confiscation of fire arms post Katrina. Even though lawlessness and crime was rampant, citizens were prevented from protecting themselves in their own homes in complete violation of all federal and state laws.
Martial law will be a convenient excuse to trample on the facade of civil liberties remaining in AmeriKa.
Also,
another great episode Max and Stacy.
@DanDan. 130 million under marshall law. size of US. good luck with that. how they gonna pay the goons. bannanas?
@ DanDan. 400.000. troops in afganistan, irak, pakistan, sudan etc. how’s that going? how many sqare miles they lawin over there?
History is repeating. Same group, same MO. Step1. Take over the financial institutions Step 2. Take over control of the government. Step 3. Enslave the population with the cooperation of the government and sycophants. This will evolve into bloody revolution.
@ronron
Divide and conquer. They would never dream of an all or nothing approach. Airports first. Then bus stations. Then random inspections. Gotta get people used to being slaves. Papers please! LOL
I don’t know how they will do it ronron. You can be sure plans A, B, C, D . . . have been made. Already people take off shoes on command and let people gawk at their neked bodies. They were very close to forcing vaccinations at the point of a gun. Ten years ago people would have laughed if someone suggeted that was our future.
I think all of the motivational lecturers and positive thinking nutjobs that show up to “energize” and “increase the morale of workers” after they see their co-workers fired due to downgrading & outsourcing should be considered guard labor, too. Their #1 purpose is to quell dissent, anxiety, and anger. (Also to brainwash remaining employees into believing that if they just adjust their attitudes, everything will be fine, and moreover, should they ever lose their jobs, too, that’s okay, because it should be seen not as abandonment by the employer in the name of higher profit margins, but an exciting opportunity for a new job/career.)
Great show, guys. Was really looking forward to Bowles.
@DanDan. they were playing with wet cats in neorleans. who flies. big wheels.
@ronron
And then random injections. It’s cleaner that concentration camps.
@Mep. yo. when’s the big day.
@M/A. naw, we just gonna get poorer and poorer. won’t be able to afford parenthood. they will take another 10 years. relax.
@ronron
Who needs papers ronron. Next step a bar code at the base of the neck and a RDFI chip in the arse. That way Obanana/Bush and all the bunch will be able to follow you be GPS. I prefer the heart plug in Dune. Remenber the valve the Mars dictator would install. Hey a gps, an RDFI, a bar code and heart valve. Pheewwww ! Facist NWO. Sweet dreams. Eat you GMO ronron and hail to the IRS and Godamn Sachs. What’s cool with the food stamps. Just have to cut them to obtain the ideal population. Remove the rebels. Just give them sufficient food and alcool to keep them quiet.
@ronron
The really big fat cats fly government or private jets. There is every indication we are being taught to obey. How far will people be pushed? I don’t know. I guess we all have a personal “line in the sand”. The objective of our masters is to get us to redraw that line further back.
@M/A and DanDan. get active politically. your young. they been trying to train me as long as i can remember. guys anger is good but punch a bag and do good. get rid of anything you don’t need. cars, junk, beenie babys, sponge bob square pants, etc.
Trickke down economics Wall Street / City. We get the bonus and you eat the shit and the IRS in the arse,. That’s about it. Sorry for the vulgarity.
i hope when max say’s revolt he means stop being a consumer of shit food and junk. if not i’m disappointed in max. simple things. don’t borrow money.
In a FREE market with competition and no oligarchs and monopolists, Microsoft operating woulb be now absolutely free and Goldman Sachs bonuses and salaries would be 90% less. This country is cesspool. It’s no more a country. It’s tumorous cancer. It’s more and more like a third world country. It’s more and more like China.
Police State USA. And who talked about USA as a police state 10 years before anybody ? ALEX JONES. You have to love this guy. Paleo conservative but with a lazer mind and that knows evil when he sees it. USA is a lot today like Pinochet Chili. It is, when you know that 3% of all active population is permanently in prison. Not included in the BLS unemployment rate. Combine it and you get a 25% real unemployment.
‘Guard labour’ is a symptom of, and ex post facto justification for, mercantilism.
IP, copyrights, etc. These are rent-seeker incentives offered by the mercantilist state.
It’s not the mega-corporates we have to worry about; they are the symptom, not the cause: they are just reacting to incentives as all other economic actors do.
But who sets and enforces those incentives? To who do the wannabe mega-corporates go to when honest competition has provided all it can and now only coercion and state ‘protection’ (courts, muscles, guns) can provide that extra return?
GOVERNMENT.
Or more empirically, those people who conspire to gain a monopoly on violence and inflict it on others using using word ‘government’ as a “moral” cover.
#642 Mercantilism: A theory of state and corporations
http://www.freedomainradio.com/Traffic_Jams/FDR_642_Mercantilism.mp3
“The government can’t really get anything done, it’s just a helpless infant waving guns around and screaming.”
more joe stack http://www.cbsnews.com/blogs/2010/02/19/crimesider/entry6223276.shtml
@Max and Stacy:
When you take your show on the road try and line up this guy for an interview;
‘Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild’
just make sure you pre-record your last “Bye-ya-all.”
@Mep
>> Their #1 purpose is to quell dissent, anxiety, and anger. (Also to brainwash remaining employees into believing that if they just adjust their attitudes, everything will be fine…
Rushkoff refers to these as ‘Compliance Professionals’: management theorists, pop psychologists, pseudo philosophers, etc
http://rushkoff.com/2009/10/19/irish-times-gets-life-inc
@M/A. big brother 72. http://www.youtube.com/watch?v=PVcCVd_eumA
max you look like a victorian school master.
sorry. http://www.youtube.com/watch?v=4KpM3mb9bgY&NR=1
when you know that 3% of all active population is permanently in prison. Not included in the BLS unemployment rate.
Huh, that’s because they are not unemployed.
@Gordo
Employed at doing army helmets at 25 cents per hour. Slave labor.
Good show. We may tolerate having our fires poked by others, the elite on the other hand are intent on pissing on the fire.
last
ok Max why does stacey have to ring you on this show, but on your other show she gets to sit next to you ? demand equal pay for her and save on the phone calls
where do you have your pennies? mixture of silver gold, champagne ?
and finally when your on your walkabout be sure to come up to Scotland, but don’t talk to those pesky nationalist Labour bums.
don’t drive through any tunnels once more people get the message your getting out the big bad money people will want to quieten the town criers
I’ll rephrase that, why does Stacey have to speak to you on the telephone
although it would explain why your so animated sometimes and the pitch of your voice gets higher
well you gotta laugh at something. watching all these videos sure does get one anxious
Samuel Bowles is a Marxist/egalitarian ass. Inequality has always been with us. The greatest social strife arises when different culturals are forced together and social norms and cohesion break down.
Excellent program, particularly opening segment.
It’s not really all about nuclear energy is it? More like oil and the gourmet sturgeon caviar (commanding the price similar to gold).
Near future may see a straight-shot pipeline from Khazar Sea (a.k.a. Caspian Sea -the place where Rockefeller 1 “got his start” ) through “pacified” Iran, Irak, paid-off Jiordan, to -oh, say a land with historical connections to the ancient Kingdom of Khazaria. They will carry portions of estimated 9 trillion euro worth of oil from the Khazar Sea and maybe float some sturgeons down range too. Bonus (or secondary stragegy): such arrangement will keep the Rus from total domination of these precious commodities.
Must check the APMEX contest winner on YouTube. He’s a New Yorker – just like Max! Max probably grew up on his block.
http://www.youtube.com/watch?v=REnA0HG3KHs
oh, i enjoyed the show. Very interesting guest and view. I feel like i have become smater, just listening to the guest
Everyone is creative and has creative ability. The big con is that we believe tat creativity is something, packaged and sold to us. Perhaps it iscloser to self education.
All O f You Facists Are Bound To Lose’
http://www.youtube.com/watch#playnext=1&playnext_from=TL&videos=QTHH0ZKNk_U&v=VwcKwGS7OSQ
In a 4 March 1942 entry in his Notebook for a letter to his unborn son, Woody had this to say:
“Maybe I should talk to you about fascism. It is a big word and it hides in some pretty little places. It is nothing in the world but greed for profit and greed for the power to hurt and make slaves out of the people… But fascism can no more control the world than a bunch of pool hall gamblers and thugs can control America. Because all of the laws of man working in nature and history and evolution say for all human beings to come always closer and closer together…
“How come me launching into a talk about fascism to you – only 4 months on the way – not even here yet? Because in the whole big world… fascism and freedom are the only two sides battling… every other shades into the fight somewhere, I’m not worried about where you’ll be standing – but – how could I ever get this book wrote full unless some of it was cussing out facism?
Like Tom Joad said to his dying mother in Steinbeck’s Grapes of Wrath, “wherever working people are fighting for their rights, I’ll be there”. That was Woody, all the way…
Excellent show, Max.
Its through the devaluation of the currency that the working peoples are devalued in society.
http://www.memritv.org/clip/en/2388.htm
I dont get it. Max rails on and on about corruption in US, from Iran, a place that is more corrupt than even Indonesia. He blathers on about the CIA but is blind to the assainations and embassey bombing and so forth the Iranians do abroad. And the jew hatred and racism; its getting a little thick. So, maybe what Iran does and says is why the “world” is ganging up on Iran, not oil? I doubt if Iran (Arab occupied Persia) was populated by Buddhists the “world” would be ganging up on it. I think its the Islam part , not the oil. Of course, liberals are very comfortable with Islam since they share the same hatred of America but liberals should ask themselves who do they think better protects women, gays, religious minorities, children, etc. better, the West or Iran? Liberals may be useful idiots for the islamists for the time being but once they are not needed they will be answering to folks like the guy in the video link above. And they might recall that Mahmoud Ahmadinejad once said, “If the Islamic Revolution had not occurred, liberalism and Marxism would have crushed all human dignity.”
@Max
You mentioned the elephant Max, lol and the predictable response was quick to fllow
typo: follow
@FranSix
And losing their jobs, and losing their business, and being taxed to death by the IRS to pay the bank bonuses for Goldman Sachs and the scumbags from the arm’s business.
It’s called fascism. FASCISM. A small word.
Two versions. Sociailism = Fascism. National Socialism = Fascism. One is the right form of fascism and the other the left version. Not just the money. It’s a question of devaluating human capital and work and replace it with speculation.
The war mongers, the pimps, the speculators banksters, the drugs lords are about the only ones making a decent living in such a context. USA/UK but most of the G7 are occupied and monopolized by these squnks. Clinton, Bush, Obama, Sarkozy, Harper Ignatieff, Charest, Berlusconi, Barozzo, Aznar, Strauss Kahn, Zapatero, Papandriou, Brown, Blair, Rasmussen, are very good examples of political parasitic classe representing these interests. Just fes examples
Vietnam is peopled with Buddhists. Tibet is peopled with Buddhists -
http://blogs.alternet.org/speakeasy/2010/02/19/facing-forcelosure-man-screws-bank-by-bulldozing-home/
Man screws his bank by bulldozing his foreclosed home. Instead of walking away, bulldoze away. Joe Stack burned his house. Was he by anyways in foreclosure ?
@lek
What gives you the right to judge Iran as a “corrupt” nation. As an investor in Russia and in the good old USA, I really can say that TODAY I really see no difference between Iran, USA, Russia. Easy to judge when your own nation is filled with corruption and crony capitalist à la Geithner and Paulson. Less and less difference today. It’s real sad for all of us.
@ Max
why do you have those ‘chemtrails’ behind you – subliminal message? Do YOU know what they’re all about? I notice they’re also behind a lot of other talking heads on TV…hmmmm
Talking about the IRS………
What would it take to pay off the United Slaves of America debts. A astounding number.
25% income tax rate for the poor
66% income tax rate for the middle class.
And 88% !!!!!!! income tax rate for small business owners……
MEANWHILE…… at Goldman Sachs.
1% income tax paid in Cayman Islands,
MEANWHILE at Haliburton
1% income tax paid in Dubai.
MASSIVE TAX INCREASES
and MASSIVE DECREASES IN STANDARD OF LIVING.
http://dailybail.com/home/us-headed-toward-bankruptcy-says-top-budget-committee-member.html
@ lek
you ain’t foolin’ anyone, buddy, we’re too switched on here…
@lek
Talk to us about the fantastic increase of opium production of 1400% in “liberated” Afghanistan by Nato and the USA. Jesus ! It’s almost an internet stock ! Yeah and so what if Iran is not nice and corrupt. I suppose that the USA is fithing corruption in Irak and Afghanistan. You fuckin CIA and our different intelligence agencie are running the drug business. I always laugh when I here a person talkin about corruption. Yeah and you think your big fat demonic CIA spies are there to fight the bad guys. Hey Lek kiss my ass. We are not in a James Bond film here. And the “bad” guys are on all sides.
@lek
Iran never screwed me with my investments. USA did it several times and it wasn’t related to usual business conditions or controllable risks. I hate these Americans that still think they have a moral mission. As hypocritical as the european colonial empires that pretended to be in Africa and South America for Jesus. Yeah Jesus my ass. At the time it was the slaves, the gold, the silver and the spices. Today it’s the drugs, the oil and the slaves. Nothing new under the sun.
@Marc
LOL Marc let it all hang out mate!
http://www.youtube.com/watch?v=Trw8C5o0Ea0&NR=1
Hi Max and Stacey,
I don’t normally post on your site, but am a regular visitor and watcher. I just wanted to say a huge thanks and congratulations for the latest On The Edge – I think the interview with Samuel Bowles was one of the best and most thought-provoking pieces you’ve done. Not only did it clearly point out the ludicrous impasse our society finds itself in, but actually offered some grounds for optimism that “over the coming centuries” we’ll break out of this stupid head-in-the-sand hyperconservatism and get our social and cultural development back on track.
I agree wholeheartedly that the battle for the internet is *the* crucial battleground of the early 21st century, and where the shape of the next 50 years will be determined. I still can’t see an effective way to resist the corporate fascists on the technical side – activism has to be part of that surely – but the fact you’re stating this publicly is surely a major factor.
Thanks to you both for the sterling work you’re doing. I’m already hanging onto my seat – the next 10 years are going to be quite a ride…
Voland
@Max, Someone who has the ear of the Central Committee in China really does seem to be listening to you. China also started to buy up gold in a big way shortly after you suggested they do. Maybe you could get on CCTV9 after all. Hong Kong public radio and TV, RHK and RHKTV, respectively, have some English language news, and probably less restrictive formats. There’s even a small amount of English language news from Macau, notably a daily summary, but more so in Portuguese, which I’m guessing you don’t speak.
@lek, The US accuses a country of having WMD within mos. of that country abandoning OPEC’s oil-for-USD policy. Or we publicly support coups, as in Venezuela after Chavez started to barter for oil. (Note the US now plans to position troops next door in Columbia, as part of our Wars on Drugs and Terror). Or color revolutions. US administrations, no matter the party, have the petrodollar for brains anymore.
Chossudovsky: US will start WW3 by attacking Iran
http://www.youtube.com/watch?v=C4p1kD8CZX8&feature=channel
“If the petrodollar collapses, and interest rates rise, the bubble will burst, and then the stage is set for national bankruptcy.”
http://www.youtube.com/watch?v=elUZgefAw50&feature=related
What an interesting guest, but he’s wrong. The wealth is not migrating into us, its leaving us, because of information technology. We’ve created a medium in which the wealth of information can be freely duplicated, and in doing so, are destroying an individual’s ability to earn wealth because of it.
With reference to the fire metaphor and the question if anything is being stolen when this information is copied, well, yes it is. Information is migrating out of us because of technology. “expert” jobs are starting to lose their value. The knowledge doesn’t lie in the inventor, the storyteller, or the professor anymore. All these means of achieving wealth are fading. We’re witnessing the death of the blue collar worker as their jobs become automated, much the same as the effect mechanisation had on labourers during the industrial revolution. The problem is this time, what comes next to give us all a useful enough function in society to have any leverage within it? Nothing.
What comes next is an enduring scrap for control of resources and information, and the rise of the vegetable classes who’s minds and bodies have been superseded by technology.
Excellent show this week folks. Really liking the bullet point graphics, makes it easier to remember the arguments for rantings down the pub when you see the words.
always an excellent show.
great idea to do the street level interviews too.
looking forward to it
we will see that the average joe will know more about the tiger woods saga than the corruption in the economy
by the way, here is a link to a good blog
might have been posted here already but here it is again
http://thecomingdepression.blogspot.com/
that was the best show ever…very relevant and timely and informative…currentcy wars…awsome idea…
@themanfromglad
“Maybe you could get on CCTV9 after all”
I have written to CCTV9 several times. They say they are thinking about a max and stacy show, but they have been saying that for 9 months.
@Max, The Man from Glad nowadays would show housewives how to use an extra-large garbage bag as a body bag.
@Max, Mainland China feels eerily like America must have been before color TV was invented. More or less a land without irony. I had to patiently explain what irony is to English Composition students there. Not sure how well your sense of humor would go over on CCTV 9. Hong Kong and Macau are totally different, in that respect.
Wow, great interview.
@Max, You could be an ambassador for Absurdism in Mainland China. A sort of cutting edge Da Shan.
http://en.wikipedia.org/wiki/Dashan
Guy seemed a bit arrogant, or at least cold.
Here’s my idea for copyright. Basically, everything is open, but if someone derives benefit from another person’s work, the person using the first person’s work has to pay that person whatever percent their work contributed to the other person’s gain. This can be decided by a private arbiter if both parties agree to it.
For instance, let’s say somebody puts on a play. They don’t need to get permission from the original copyright holder. However, if the second person derives some benefit (which doesn’t necessarily have to be in terms of money, but it can be) they have to pay the author whatever percent that person contributed to the production.
For instance, if the second person really had no creative input into the second production. The first person might be liable to the second person for all revenue received.
However, let’s say the second person radically re-interpreted the authors original text, or staged it in some original way. The second person may be entitled to keep virtually all of the revenue generated by this new production.
This can either be decided through the two parties privately, or can be taken to arbitration if the two parties don’t agree.
Copyright is fucked now. There’s a 6 year backlog in the patent office, and only 5 in 10 patent applications get approval, whereas just a couple years ago it was 7 in 10.
Ridiculous.
@Fraccy
evolution shows that those species which are too specialized die out more quickly – adapt and survive, and don’t be too proud to learn practical skills, like growing vegetables. Come the next stage of evolution, we won’t be able to have maids and gardeners.
http://www.youtube.com/watch#playnext=1&playnext_from=TL&videos=eneu0Nm76ms&v=J72hq9kLyUQ
@Fraccy the Clintons gave the complete US patent data base to China to ‘open’ trade and likely some healthy campaign contribution $$$ under the table as it were.
I meant FOR some campaign contribution.