Stacy Summary: On the Edge . . . with Ellen Brown.
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Wow! Max Keiser and Ellen Brown together! It’s like going to a rock concert for thinking people!
Hi, Ellen and Max,
thank you for your interesting interviewl
Could it be summarised as::” Let’s nationalise all banks to protect the public from
TWO predators at any one time: banksters and taxmen?”
Regards!
Dr Muetzell
@Randy :
so you are saying that today’s banking system does not work BECAUSE the Fed is “Private”,and it would be so much better IF the bank would be “nationalized”? (by the way the Fed is NOT a pure private institution independent from the Govt, it is MERGED WITH THE GOVT, has a special, unique, monopolistic AGREEMENT WITH THE GOVT,and given special privileges BY THE GOVT, that’s where ALL its POWER comes from.) If the Fed was just a private bank it would go bust in a free market for unethical practices. Free market is very fair and is the best equalizer of wealth, “fraudulent too big to fail” would never survive in a free market, they are only in control over the people today BECAUSE of the govt grants.
nationalizing the bank would be Soviet style. Also, you never heard of the The Bank of England Act 1946 – the Act by which the Bank was nationalized and its capital stock transferred to Treasury? (of course the nationalization did not change a thing) it is not about private or national… it is about Central, Monopolistic, Dominant, Privileged (only happens with the help from the Govt) they are “protected by the Law as special and privileged”, having rights which other banks and people cannot get, which never happens in a free unregulated , opened for everybody market.) in a free market the crooked goes down, that’s it. the Goldman Sachs and the Fed would go down long time ago if its not for the Govt keeping them alive with legislations and people’s money.
Think of it . Gaithner, Summers and Obummer gave all the people’s money to the bankers … and you are saying that it would be somehow better if they themselves run the central bank?
There were many times in history when the rulers/ Governments had no bankers to pay any interest to , but they inflated and mismanaged the money supply just the same way (read of Julius Caesar, the Soviets, the US founding fathers who inflated the currency without any bankers and any interest obligation to pay(“not worth a continental” expression lives to this day). the ruler/Govt does not necessarily need a central bank to mismanage a currency, but having a central bank (private or “national” – it does not matter) definitely leads to the destruction more efficiently. No single institution needs to be in control of money supply ( the free market needs to be introduced into this valuable commodity called money) That is why Ron Paul introduced HR 4248 (to end the monopoly on money and to repeal the legal tender law). (I am not saying that the real change will ever come through the Govt ,change in law, or even through the nice people within the Govt like Ron Paul, i am just informing you about the bill).
the Dakota bank thrives on taxes collected from the whole state so it can APPEAR somewhat better off, but its far from the efficient and voluntary (not forceful) collection of money and thus it is far from being moral and efficient. Read about it , its engaged in fractional reserve practices (a fraud), just because Dakota happened to have no car manufacturing and other dying industries and mostly engage in rising industries (like agriculture) , it does not mean that the system is sound. It still is centralized and monopolized money control which slowly robs the people with inflation to pay for any mismanagement the Govt run bank commits.
People of North Dakota are totally dependent on nice people come into the Governments and run the system honestly “for them”. naive and unsustainable.
if its not for the Govt the bankers would have no power at all , the Fed itself would not even exist if not for the Fed Reserve Act of 1913 , a law , created by the Govt.
The solution is to stop “delegating” your power of protecting yourself and acting for yourself to any Govt of any kind. Its time for each individual to take responsibility for their lives… to anybody relying on the Govt in anything at all: my condolences, as your future is gonna be worse than miserable.
By the way, silver standard (or gold standard) controlled and imposed centrally does NOT insure a small and good Govt. nor sound and honest money and economy. Once controlled centrally and monopolized (by the Govt in this case) anything can be manipulated and no service/product will demonstrate any progress or quality (money, military, healthcare, law etc).
i am getting tired of Mr. Keiser NOT understanding that the whole mess: financial, military, human rights e.t.c. comes from having an institution of Government (anybody rich and crazy can buy it, exploit it, get into it any time. Take the Goldman Sachs, in a free market without the Govt giving it special legal privileges, bailouts and protection it would be down long time ago (for its unethical practices). Max needs to read Dr. Block, Dr. Long, Dr.Thomas Woods, Dr.Hoppe … to understand that all troubles stem from having a parasitic institution of Government which people do not need at all. Max leaves in France so he believes that nice people in the Govt is the salvation road. But he fails to recognize how dangerous, unsustainable and destructive this notion of depending on angels in the Govt is.
Giving a single institution all gun, legal, executive, violence, financial etc power, and then hoping that anybody who gets into that institution for a few years only will not milk it (hit n run style) and will only do altruistic things is so naive.
“CAMPAIGN FOR STATE BANKS”
time to END THE FED and big government..Ron Paul bill HR 1207 to audit the fed will do nothing,as the federal reserve lawyers will cook the books and make everything look just dandy..a waste of time..in fact I would bet the fed lawyers are fudging the accounting books right now and working on it right now..the fed must be ABOLISHED,and it can be done w/o nary a bill to get rid of it..with this new state banking money system,the fed will die on its own accord..state run banks ARE the solution..a new interest free paper currency issued in each of the 50 states possibly backed by silver,[NO GOLD] we had our money backed by gold in 1929 and the1930’s..did it stop the great depression? NO!
[ although gold would still retain a value16 times greater than silver or thereabouts] with each state making their own paper notes backed by silver[ex: $20 Texas silver note..under that "payable to the bearer on demand $20[ in 90% silver coin or 20-.999 silver dollars],and all 50 state paper notes would be accepted in every state and abroad..having 50 different notes for the 50 states would make it extremely difficult for the banksters to take back control of the U.S. money system again.. a dollar would be 31.1 grams of silver[ONE OUNCE] per the constitution..change for the new paper notes would be pre- 1965 90% silver again[only 90% silver with 10% copper is hard enough to take the day to day pounding/ movement/exchanging and hold up],and 100% copper again for pennies..a state run interest free loan banking system run by the people.. for the people.. there would be only a small administrative fee/ cost to borrow money,so the bank can pay its employees and make a HONEST profit..just like any other business.. no more credit/debt based,parasitic fraudulent money.. the parasitic debt based federal reserve money system will simply dry up and vanish,as it is no longer needed, and the fed can have their federal reserve DEBT notes back as they are traded in for debt free,honest money,new state notes..[a trade in value to be decided at a later date] the federal government will go back to being a small,limited government from the bloated pig it is today as per the constitution..the states and the sheriff in each county within the state will have the real power as per the constitution..this system CAN be implemented and WILL work.[N.Dakota has it and proves it can work].as the new money is circulated into the system ,we will begin to see manufacturing return..new plants can be built..old plants can be modernized..we can start making quality products again and start taking America back..innovation will return..MADE IN THE U.S.A. will mean quality again all around the world..the endless wars will stop as the soldiers are brought home from bases around the world and those bases are shut down and the military soldiers are used to protect OUR own borders..the big mega corporations will be forced to leave the country for countries with corrupt central banking systems like the one we have now.. we are in the process of getting online petitions set up for everyone to sign @ WEB OF DEBT.COM..Ellen Brown’s website..you simply locate your state and sign that states petition for a state banking/money system
and then the petitions will be presented to the state legislature to be put on the state ballot for vote,or possibly put up for a special election depending on that states election laws..everything will be tweaked as needed as we move forward here with state banking in all 50 states..join the CAMPAIGN FOR STATE BANKS @ WEB OF DEBT.COM[Ellen Brown] and help us spread the word!
Had not seen Ellen Brown before. Even with horrible lighting she is obviously beautiful, as well as being bright and good hearted. I am glad that she is in this world. Thanks Max.
Ellen Brown brilliant chick sounded blown but ; brilliant Idea
Hic
@MacAurthier:
re: Gates
July 2009 Harper’s Magazine has a cover article regarding Bill Gates and the title of the article is “LET THEM EAT CASH” Can bill Gates turn hunger into profit? By Frederick Kaufman.
It’s disgusting. The article is about the World Food Program which is supposedly about preventing hunger in reality it’s about an organization that will control starvation and make money in the process.
Jct: That was the best interview I’ve seen in a long time, especially the part at the end where you agreed the profits of the banks would be better being the profits of the people. More good banking systems engineering stuff please.
They should change their name to MegaHardfascist corporation. Yeah it’s about the fascist BIll Gates. Look at the patents bought recently. It’s about censure, controlling, spying, and using the wheather to play God. That fucker really takes himself for God. Last week Bill God Gates announced there were too much people on Earth. Hummm ? That obsession with sex and too much babies. Typically pervert puritan. He could start by killing himself. Crazy news. Strange patent indeed. It goes well with that sick psycho.
Microsoft gets patent for real-time f-bomb bleeping http://arstechnica.com/microsoft/news/2008/10/microsoft-gets-patent-for-real-time-f-bomb-bleeping.ars
Government, Industry To Use Computer Microphones To Spy On 150 Million Americans http://www.prisonplanet.com/articles/september2006/060906spyon.htm
@Dan II
The NEW global currency will be based on a huge mount of corpses in putrefaction.
http://www.youtube.com/watch?v=_sstDwKTCpM&feature=related
It’s puppet time ! Obama the muppet is hiding. Currency problems will soon be the least of our problems.
Microsoft and the MAINCORE computer. Know this computer Max and Stacy ?
MAINCORE and the internet. The special artificial intelligence computers used at the Pentagon and the CIA to prepare a list of the people to arrest. No. Not at Goldman Sachs and in Washington. Well you know.
You could call it an Augusto Pinochet computer directly hooked to the internet courtesy of that great demonic democrat Bill Gates. The puzzle is getting really easy to assemble.
http://www.youtube.com/watch?v=RZ6mBigIIRs&feature=related
Collect information through the internet and threats this information in a computer used by the shadow government. An Adolf Hitler dream come true thanks to the “America Dream”.
http://www.youtube.com/watch?v=RZ6mBigIIRs&feature=related
Reality is sometimes more fantastic than fiction. Wonder what they are waiting for. Probably when the greek bank holiday will arrive.
I really hate to admit it. But Alex Jones was right about disgusting and mad creeps like Bill Gates. Stephen King is an Alex Jones fan. What was supposed to be a freedom too and information tool accessible for all, the internet, has become a surveillance tool and it’s about to be raped by the same monopolists but this time in the name of our “security”. Who woudda thought ?
http://www.youtube.com/watch?v=K8y8CXRT-qg
@libredon
WTF! Yeah, he’s F’Kn always F’Kn right.
@Marc Authier
Microsoft Spy Guide http://www.scribd.com/doc/27394899/Microsoft-Spy
You will notice that in the beginning ALL these bastards pretended they were collecting ONLY marketing information. I am not even surprised. Today it’s much more than that. Much much more. It has nothing to do with marker segmentation and knowing your customer. It’s about creating a file about everything about you. And don’t think because you use a pseudonym they cannot find the name. I never idoized that fascist creep Gates. Now I know.
Great again Peter Schiff
http://www.youtube.com/watch?v=2Hwt4nmiu_8
The document is called
GLOBAL CRIMINAL COMPLIANCE HANDBOOK.
Easy working hypothesis adopted by Microsoft. Like in Eastern Germany, Nazi Germany or USSR. A detailed file on 100% of ALL internet users. That’s about it. No warrants required. The internet belongs to the USA and Microsoft and the firm reserves the right to do about anything it wants. That’s about it. For Microsoft you are ALL terrorist and criminal material. TOTALITARISM. Microsoft is indeed runned by a creep. BIll Gates would make an excellent Gestapo officer indeed.
http://www.scribd.com/doc/27438817/Clubic-com-Microsoft-Spy-Guide
From the demonic horse’s mouth. There is now a back door in the operating system to spy on you and collect ALL your data ! Can you imagine the abuse. USA is a fascist state. It is.
TOP SECRET Microsoft document.
Just click on the link concerning TOTAL monitoring of 100% of the internet by Microsoft with the Obanana crook. It’s for your “security”. The hell you bastards ! The hell it is. They will be cutting the internet as we know it. Everything is in place and Microsoft that filthy monopolistic firm is quite willing for the “patriotic” effort. They are really putting in place on the internet a chineese prison.
http://www.20min.ch/ro/multimedia/stories/story/23139129
Click on the link. Quite a code indeed. Proven guilty and a suspect. No warrants needed to spy and register 100% of all your acrivities on the web. HOW DO YOU CALL THIS ? FASCISM. Like in Eastern Europe. A file on ALL internet users. ALL of you. ALL.
See Also: FDIC Failed Bank List: http://www.fdic.gov/bank/individual/failed/banklist.html
2-Two U.S. banks close, total hits 22 http://tinyurl.com/yfuqqzp
China still waiting for seat at IMF’s top table http://tinyurl.com/yk66h9z
Dear Max,
today the Irish banks transferred the first tranch of their toxic debt over to the
National Assets Management Agency (NAMA). Our unemployment level is at a
record high and our property bubble has left vacant housing estates that nobody
can afford right across the country.
You have a big fan-base here and I was wondering if you could offer any advice to
the paupers of Europe.
Yours, in penury,
Jonathan
Local Currency for Washtenaw County? http://annarborchronicle.com/2010/02/25/local-currency-for-washtenaw-county/
Paul Craig Roberts: US pushing for nuclear war; “leadership” treasonous, dupes US into wars 26 February 2010 (Examiner) http://tinyurl.com/ya7nbst
The central Bank of the central banks is the BIS. The BIS acts as a sovereign, has their own passports and are not connected to any nation state. The IMF should be seen as the enforcement arm of the BIS. These banking oligarchies do not have standing armies they do have political clout, however a determined nation state with the military ability can withstand this banking tyranny, all we need is someone to take a stand—Putin maybe?
Night Dan…thanks for the talk!
@DanDan:
Yes, good point. But America still retained ‘exorbitant privilege’ through the Bretton Woods institutions and the reserve currency status. But your right to point out that the imbalance was exacerbated after the gold standard was lost.
correction – a NEW global reserve currency, not based on the dollar.
@Snoot
I believe you are correct that a global reserve currency is almost a certainty. My conspiracy side of me thinks the financial crises was created to bring about a global currency.
With that, I’m going to bed. Enjoyed the discussion. Night.
@Snoot
The Bretton Woods system had all currencies pegged to the dollar which was backed by gold. What if ALL currencies had been required to be backed by gold? Then countries could have settled in gold and a world currency would not have been required. It would have forced governments to live within their means both domestically and internationally.
Nasa space shuttle retired like the Hummer Snoot. Good ! Less CO2.
But there is a but in the butt. MINUS 25,000 good paying jobs eliminated and replaced by food stamps.
http://globaleconomicanalysis.blogspot.com/2010/02/hello-brevard-county-florida-23000.html
ONE MILLION WILL LOSE UNEMPLOYMENT BENEFITS MONDAY!! http://money.cnn.com/2010/02/26/news/economy/unemployment_insurance/
@frances snoot
In this document they state that they want to replace gold by the SDR ahaahah!!! this ol document is from 1968!!! while oficially the SDR unit was created in 1969 i
Dan2:
A world reserve/trade currency will always deliver ‘exorbitant privilege’ to the nation/state to which it is tied. The drawback is an accompanying perpetual account deficit. The system with the reserve tied to one country leads to imbalances which are not sustainable. The point is seen with the Chinese/American trade debacle.
It is going to change. There is no prolonging the dollar/system. I believe the error was made in setting up the Bretton Woods system in the beginning. Now we look to global suffering as the birth of the new system is wrought. I believe the new system will have a world reserve not tied to any one country: a global reserve.
We really have no choice in the matter.
The sovereigns alone hold gold over time, Dan2. And then sometimes not.
Might makes right. If my country wants to take my wealth, then those are a different set of decisions I will have to face. Our wealth is taxed by inflation as it is. You must risk your savings in the hopes you will beat the inflation to keep up.
Gold is more a madness than a store of wealth.
Is it any more mad than accumulating dollar bills as a store of wealth?
I’ll give up the notion of gold and silver when a better proposition is put forward.
@frances snoot
I know the SDR is around for quiet some time now but they were never able to get rid of gold. Read this old document from 1968. So in fact they are struggling with gold at least since 1968 and now today we can see that they didn’t succeed. And that’s even before they left the gold standard.
1968 – Gold Telegram http://www.scribd.com/doc/20215562/Gold-Telegram
“The Bretton Woods system ended on August 15, 1971, when President Richard Nixon ended trading of gold at the fixed price of $35/ounce. At that point for the first time in history, formal links between the major world currencies and real commodities were severed”.
@Stacy and Max
Jammed packed with goodies about spying and cyber security and spying. There is a file about ALL internet providers spying for the government. Microsoft tried this week to kill he site like they tried to kill Wikileaks.
Two superb sites. Uncle Bill Gates is watching everything you are saying and typing and doing on the internet Max. They probably have the exact number of time you mentionned “Obama is pimpinp” and “Goldman is a financial terrorist.” Everything recorded and transmitted to Big Brother. Bill Gates is proving what he really is, a CIA NSA creep reptile. They are all in this industry. A real eye opener site.
http://cryptome.org/
Really interesting site if you want to know what type of material and procedure they use to spy on you.
All systems are corruptible, I agree. Of the least corruptible is some asset backed money, where the money itself is valuable. A world currency is possible with simply an agreement. An international sovereign bank is not required. The point is, we need an honest medium of exchange. Maybe someone will figure out a better one than gold or silver, but I haven’t seen it yet. I keep looking.
The sovereigns alone hold gold over time, Dan2. And then sometimes not. Gold is more a madness than a store of wealth.
@dan2:
I’m not particular to gold, no. I would prefer that banks did not operate as sovereign for both political and trade decisions. As to systems: all are corrupt, it is better not to allow central control. I’m not a Federalist. We have new dimensions with the nuclear age, yes, but the answers are not secured by delivering the keys of the kingdom to international sovereign banks working on bequest of criminals.
I like the saying:
“The earth does not belong to us: we belong to the earth.”
How we separate the good we will to do from the evil we deliver ourselves up to willingly is a puzzle.
Seashells deteriorate over time. They would not be a good store of wealth.
Three Rings for the Elven-kings under the sky,
?Seven for the Dwarf-lords in their halls of stone,
Nine for Mortal Men doomed to die,
One for the Dark Lord on his dark throne
In the Land of Mordor where the Shadows lie.
One Ring to rule them all, One Ring to find them,
One Ring to bring them all and in the darkness bind them
In the Land of Mordor where the Shadows lie.”
sdr is the one ring
@Snoot
The sdr is being coaxed into a position of world reserve currency.
Yes, I’ve gleaned that much. I wouldn’t have trouble with a world currency backed by gold and silver (which the SDR is not). It is the fiat currency which is open to manipulation by whoever controls it that I worry about.
I know you’re not a fan of gold Snoot. What type of monetary system do you favor?
@DanDan:
“Another scheme to make something out of nothing, is that the gist of it?”
What makes gold any more valuable than seashells?
@DanDan:
The sdr is being coaxed into a position of world reserve currency. That makes it an item of interest.
youri, yep, AIG is looking like they’re a nice bunch of folks. I wonder where their next company outing is. I’m going and drinking all their good beer. They owe us.
Who is Herman van Rompuy?
Nigel Farage says EU president Herman van Rompuy has the charisma of a damp rag and the appearance of a low-grade bank clerk.
http://www.youtube.com/watch?videos=BPL08I8JnzY&v=uFRFA4wlVj8
Youri:
Not to argue with you, but the sdr is already flying about and the backing is fiat through an inclusion of the four industrial ‘giants’ currencies (excluding the yuan, which is pegged to dollar). The inclusion of the four is the backing for the unit. I see what Bob says in that the hyperinflationary events will weaken the sdr: but that depends on timing and the future weight of the sdr after December. They may well incise leprous fingers and still retain asset value. These guys have the control and the power to do so. I cannot imagine gold would be necessary for anything seeing as the end of one system see catastrophic losses to the unconnected but calibrated gains for the connected. They are not trying to ‘reform’ the old system: they are proceeded to a radical ‘revolution’ of change for the international financial system.
AIG posts $8.9 billion loss (Need more money after 5 Billion bonuses last 2 quarters) 26 February 2010 (Reuters) http://tinyurl.com/y9o7evn
frack, I can’t get it to work. So sorry. was a good song.
ronron, heres some music. KInd of religious but heart felt.,
Snoot
I’ll examine that link in more detail later, but from the quick scan I did, SDRs are nothing more than another fiat currency scheme. SDRs are allocated to member countries and cost nothing. They can be converted to hard currency by agreement. Once converted, interest is paid on them. Another scheme to make something on nothing. Is that about the gist of it?
Fannie to U.S.: We need another $15.3 billion http://money.cnn.com/2010/02/26/news/companies/Fannie_mae_results/
More speculation:
Let’s say that the sdr survives and the currencies vaporize. Let’s say the ECB begins to act as global central bank. Let’s say they sell bonds. The bonds would be denominated in sdr. But at that point the sdr will have served the purpose for which it was created: a place holder for assets while Rome burns. The chaps can reinvent civilization; industry; society; and money. They probably already have ‘the Plan’.
The IMF is selling ‘bonds’ now denominated in sdr. Which IMF? The US one? The US Treasury? Fort Knox ‘gold’.
Why did we need a treasury dept. if the IMF was given sovereign immunity at its inception in 1945?
What bothers is Rompuy’s arrogance proceeding without authority: from where does the man derive authority? Doesn’t authority proceed from the sovereign?
That ECB bank is coming out for its bridal dance. Who’s the groom?
@Youri:
Covered by? As in how, Youri?
@Youri:
YES!
@frances snoot
btw Bob says that if they go to such a new world currency it’s gotto at least be covered by 15% Golds otherwise it won’t fly, he says.
http://www.actionaid.org/assets/pdf/ActionAid%20Factsheet-%20Special%20Drawing%20Rights%20%20the%20Global%20Reserve%20System.pdf
Dan2:
Here’s a synopsis of the sdr/reserve idea. Strauss/Kahn was indicating the creation of a new asset: that is why I thought securities. God knows: why not ask Blankfein?
@frances snoot
if it walks like a duck, quacks like a duck . . .
shoot it.
Cause it’s probably Cheney on one of his I-lluminist Kinky parties in a Duck suit, comming
Snoot
What are the criteria for currency:
unit of account
store of wealth
means of exchange
Well the dollar fits two of the three criteria.
snoot, its funny reading your stuff, basically your just saying there is no money but if the banksters come up with excuses why there may be money then they have control of the situation. Personally I think they’re all broke and in debt up to thier ears but are creating ideas that things are just fine. If only people would believe them.
if it walks like a duck, quacks like a duck . . .
shoot it.
snoot, it sounds like just another con job by the banksters. I get the feeling that the people that run things are only good at manipulating words to be able to sneek things away.
ronron, were you a musican at one time. You seem musically inclined.
Although Strauss-Kahn was careful not to call it a new global currency, if it walks like a duck, quacks like a duck . . .
Honestly, I’m over my head trying to figure out the machinations of the IMF, the SDRs and other various assorted schemes bandied about Snoot.
“Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF’s special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.
He said having other alternatives to the dollar “would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.”"
It can’t be a circulating currency, Dan2, if it is not tied to any one country. The idea is to balance the reserves of the member G20 nations: they can’t do that if their is ‘exorbitant privilege’ tied to one nation/state. Instead, the privilege will be proxy to those with access to sdr.
What are the criteria for currency:
unit of account
store of wealth
means of exchange
The sdr will function for the elite for these three: through trade, sovereign reserve, and account price for international transactions. The domestic market currencies will be neutered from global trade
: domiciled. The asset market will also be off limits; the one Strauss Kahn is speaking of at least.
The model is being worked out in Africa through the EIB/EU.
Again: I’m speculating.
remember the one trick fucking pony’s and don’t buy any fucking guitars.
@Dan2
One wonders if the new securities will be sold by another international institution of the G20: say the ECB. It would correlate nicely with the previous hints about ECB bond sales and make Van Rompuy very happuy.
Of course I’m speculating.
Oh, so once the IMF sells all its gold it can just get it back from all the countries and start again.
I think they call it contributions from its member states. Ha!
Like I said, good work if you can get it.
yous fucks like my singsong? if not too fucking bad. bye y’all.
Snoot, in the context of the IMF article I would say it is a new global currency.
From the IMF reserve currency article.
“Strauss-Kahn said the IMF also needs to do a better job of tracing how risk percolates through the global economy.”
These guys act like they just watch it on telly.
Well, there are reserve assets but not ‘global reserve assets’: even sdr aren’t those. I would assume it is referring to denominating some financial instruments in sdr for sales to central banks and sovereign wealth funds. Zhou proposed that:
“Create financial assets denominated in the SDR to increase its appeal. The introduction of
SDR-denominated securities, which is being studied by the IMF, will be a good start.”
http://www.bis.org/review/r090402c.pdf?noframes=1
Here’s another:
http://www.brookings.edu/articles/2009/0504_IMF_bonds_prasad.aspx
Assets denominated as sdr and held as reserves by sovereigns.
no rules. http://www.youtube.com/watch?v=QgiVXOMuEHU&feature=channel
@Snoot
In today’s world, it is whatever the PTB say it is. What do you think it is?
@Stella. your sweet. http://www.youtube.com/watch?v=QzyrO0igH8w&feature=channel
@DanDan:
What’s a ‘reserve asset’?
oops, WL beat me to it
Head of IMF Proposes New Reserve Currency
http://abcnews.go.com/Business/wireStory?id=9958995
Snoot, you might enjoy this if you haven’t already come across it.
WOW, WL!!!
Thanks for the links!
@Snoot. the politicians are on msm with the sorry routine. wow
Basel regulates US securitizations into oblivion and then fannie and freddie suck the mortgage market into a black hole. Oh, and the FDIC sets out as a pirahna to masticate and serve up new securities: al la crony.
Good old USA!!!
@Tony
Yeah, I know it was over simplification with the widget analogy. I created the $10 by prospecting for gold. If gold is money, I have increased the money supply. I used my money to pay someone to create $10 widgets for me.
Is your money now worth half of what it was? Is there a glut of widgets because I wanted 10 widgets? Instead of paying to create 10 new ones, I could have competed for the existing widgets and drove the price up until a smart business man realized the demand for widgets and manufactured more widgets to meet the new demand.
It’s silly. I’ll leave monetary systems to those smarter than me. I was just trying to point out that Ellen’s simplified example was not inaccurate.
How surprising that the ECB is leading the market! Washington is tooling with their dilitory appendages and is unavailable for legislative comment:
“Tim Skeet, head of covered bonds at Bank of America Merrill Lynch, who is based in London, expects that, initially, a number of non-U.S. institutions would tap the American market, but U.S. banks will step in once a comprehensive legal framework is set up for issuance here.
“It’s a little bit ironic that foreign banks can finance foreign mortgages in the U.S. private markets, but U.S. banks can’t finance U.S. mortgages in the U.S.,” said Jerry Marlatt, senior of counsel at law firm Morrison Foerster in New York, who was involved in the first U.S. covered-bond issue from Washington Mutual in 2006.”
http://online.wsj.com/article/SB20001424052748704182004575055650930449296.html
yeh, ironic
Here’s the article in case the link did not provide access:
Covered bonds, once an obscure form of bank funding, have been one of the best performing asset classes of the past year.
It was the European Central Bank that kickstarted the market – which is almost entirely based in Europe – last May by pledging to buy €60bn ($82bn) of these securities as part of its attempt to revive the eurozone economies.
Issuance of these bonds, which are backed by mortgages or public debt and are covered by the bank’s balance sheet in the event of default, has been surging ever since, with yield spreads tightening sharply.
Armin Peter, head of covered bond business at UBS, says: “We have had a very good start to the year. We have seen a record volume of jumbo deals in the first few weeks of the year.”
Ted Lord, head of European covered bonds at Barclays Capital, adds: “Despite the mini-shocks from Greece’s debts, China’s monetary tightening, and numerous regulatory threats, covered bonds continue to do well. Investors trust the asset class, which has had a flawless payment record over 241 years.”
There have been more than €30bn of deals since January 1, five times the entire amount issued in January and February of 2009.
Eurohypo, the German mortgage bank, priced a €1.5bn three-year bond only 63.5 basis points over German bunds, the market benchmark, this month. This compares with Eurohypo’s five-year bond that priced 146bp over German bunds in March last year.
Although bond issuance has mostly come from banks in the eurozone’s core economies of France and Germany, banks in Spain, Sweden, Portugal, Norway and the UK have also tapped the market.
French banks have issued about 40 per cent of the bonds this year, German banks 15 per cent, Spanish banks 12.5 per cent, Swedish banks 11 per cent, Portuguese banks 6 per cent, Norway’s banks 4.5 per cent and UK banks 4.5 per cent.
The market suffered a setback in December, when Standard & Poor’s, the ratings agency, warned that 98 bank programmes, worth €1,460bn, faced the threat of downgrades.
Some strategists said this was a hard blow for an asset class that is widely seen as a safe form of investment. Many covered bonds have triple-A credit ratings because investors have redress to the issuing bank’s balance sheet. However, so far there have been no downgrades, 20 ratings have been reaffirmed, while three banks have withdrawn their ratings from S&P altogether.
Worries have also increased that issuance could slow sharply once the ECB stops its buy-back programme in July.
Tim Skeet, head of covered bond origination at Bank of America Merrill Lynch, is confident the market will continue to thrive in spite of the uncertainties.
He says: “This asset class has performed well, its credit-worthiness and track record have remained resilient. I don’t think the agencies’ re-evaluation will unduly impact the market.”
Other bankers insist S&P’s action is a response to worries over credit in general, rather than specific doubts about the asset class.
Most bankers say the end of the ECB programme will have little impact, because it is relatively small compared with the overall size of the market, which is estimated at more than €2,000bn.
Critically, with uncertainty over sovereign risk and ongoing worries about the vast amount of debt building up in western economies, the traditional merits of covered bonds as a safe asset class should support the market.
Another important factor that should help covered bonds is regulation. With regulators encouraging banks to improve their balance sheets, covered bonds are likely to benefit because they are a reliable source of liquidity. No covered bond has ever defaulted.
The work of the European Covered Bond Council (ECBC) and its counterpart, the Covered Bond Investor Council (CBIC), in highlighting the qualities of the asset class has also helped widen the investor base.
More fund managers outside Europe are buying the bonds, as they offer diversification and varied maturities.
With the mortgage sector stabilising in the US, hopes are growing that the securities will take off there too. Strategists say it is only a matter of time before the world’s biggest market embraces them.
US investors are already looking more closely at this kind of financing, which will help to lubricate the mortgage and public debt markets and may pave the way for a stronger economic recovery.
@Snoot . those farging cork suckers moved from ireland to poland. same fucking deal. one trick fucking pony’s.
@ronron:
How neatly the basel mandates assign profits to the insider banks:
http://www.ft.com/cms/s/0/4cf300ce-2009-11df-81a2-00144feab49a.html
norah jones y’all http://www.youtube.com/watch?v=DuEtP4QYiu4&feature=channel
@snootmeister
A longer-term question is whether a new global reserve asset is needed.
Certainly, having several suppliers of reserve assets would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.
And one day, the Fund might even be called upon to provide a globally issued reserve asset, similar to—but in important respects different from—the SDR. That day has not yet come. But I think it is intellectually healthy to explore these kinds of ideas now—with a view to what the global system might need at some time in the future.
http://www.imf.org/external/np/speeches/2010/022610.htm
http://www.imf.org/external/np/sec/pr/2010/pr1062.htm
wonder if snoot thinks about poland?
@Snoot. those love songs is for the girls. stacy too.
cool viv. http://www.youtube.com/watch?v=lb_a0K01t2Q&feature=channel
It was nice, ronron.
@snoot. you like nohra jones?http://www.youtube.com/watch?v=jcnHSZCtm2I&feature=channel
Gold parties.
http://media.smh.com.au/world/world-news/gold-parties-cash-in-on-highs-1178770.html&exc_from=strap
More media to encourage the reverse of what they should be doing.
The video even says such and such was happy because she got 70 pounds more than what she would have got a month ago.
Thats a great reason for selling it.
D’oh!
frances snoot, all I can think is the goldman suucks crime syndicate is laughing all the way to the bank.
reminds me of snoot and the SDR’s. http://www.youtube.com/watch?v=R49Qn61D7g8
http://www.guardian.co.uk/world/2010/feb/24/greece-strikes-protest-euro
“The protests came against a backdrop of mounting Greek hostility towards the EU, with particular venom reserved for Germany, which has pressed for harder measures to be forced on Athens.
Greece’s political elite has been outraged and hurt by hard-hitting German media coverage of the debt crisis. The cover of a German magazine, Focus, which showed the Venus de Milo making a less than complimentary finger gesture under the headline “Swindlers in the eurozone” has triggered widespread fury.”
Good Lord!
http://www.creteisland.gr/greece/en/crete-news/372-the-answer-of-greece-to-the-german-focus-magazine.html
youri, Yep, I was wondering what lindsey williams meant by a reduction of 50%. I guess they could do it in several ways.
@WL. crazy. i hope so. there nuts,
fucking girls. http://www.youtube.com/watch?v=VgEc0hzTH7I&feature=related
IMF global currency crazee talk
Head of IMF proposes new reserve currency
IMF’s Strauss-Kahn suggests IMF may one day provide global reserve asset
http://finance.yahoo.com/news/Head-of-IMF-proposes-new-apf-2747487370.html?x=0&.v=2
Reptilian: http://i.telegraph.co.uk/telegraph/multimedia/archive/01578/van-rompuy_1578002c.jpg
my start. hahaha. http://www.youtube.com/watch?v=kxDPUEpLVsE&feature=related
@dan valley
“CNN Poll: Majority says government a threat to citizens’ rights”
Al Qaeda hit the wrong buildings, but that will soon be rectified…in one way or another (http://www.youtube.com/watch?v=74xiXRxkKxc)…
Did anyone ever see that ENRON documentary, the fraudulent practices. those unforgettable recordings of those traders who were holding the people of California to ransom as regards their energy needs – the ‘Let them Burn comments’.
This ENRON style practice seems to be the way the world including natoins are being held to ransom. These guys are addicts and lie any addict do anything for their hit. There is no rationality to it other that the flawed rationale of addiction, which equates to destruction even self destruction. To bleed people so dry of everything that there is nothing more for them to feed that addiction, everyone will be dead of starvation or hopelessness, the planet bereft of environment and resources, then they self destruct. Time to see these beings for what they are-these kings are ‘in the altogether naked short sold’ addicts.
@Youri 40 years ago.
oh ya, http://www.youtube.com/watch?v=_1ODuT00Q6s
@ronron
It really looks like him http://www.youtube.com/watch?v=IJODbqC_bY4
no fucking rules oh ya. http://www.youtube.com/watch?v=5SuVDj1Zc3w
This show reminds me – Lindsey Willams talked about the plan of taking 40% -50%. I first made the interpretation that he mend a 40% -50% dollar decline. But now I am beginning to understand that he mend that literally! so everybody who has money on the Bank account will be robbed of 40% -50% of his savings!!!!
If that happens and the Americans still don’t protest I say let the Nukes come down cause they deserve it!! http://www.youtube.com/watch?v=MKoeShWcPrY
who’s the guy on the left hahaha. http://www.youtube.com/watch?v=ugZU4ITYkuw
re-post due to lack of clarity
Roast PIGS
… who is next in the € group?
Austria
Belgium
Luxembourg
the Netherlands
Finland
Slovenia
Cyprus
Malta
Slovakia
@Dan
Hey, who gave you the right to create $10 dollars? And where did those wigets come from? Now my dollar’s worth 50 cents and the market’s flooded with wigets!
The problem is that the government can create dollars but it can’t create wealth. While the wealth of an economy may be said to be growing or in decline; at any given moment that wealth finite. And that wealth can be enumerated as equal to the total value of all dollars (monetary units) in existence. Therfor simply adding more dollars into the economy depreciates the value of each dollar unit already in existence.
And how does Ms Brown actually create ‘goods and services’ by inflating the money supply? Answer: She doesn’t. She simply decreases the value of my dollars, in which my wealth is stored, and directs my skimmed wealth into her wiget production facility. She produces her wigets using raw materials that I can no longer afford. I guess it’s easier than trying to sell me shares in the project and much more profitable, as well.
No monetary system is perfect, and a little tinkering will always be needed, but massive tinkering is nothing more than theft and abuse of power. Especially when it’s done without the informed consent of the populous.
shh. http://www.youtube.com/watch?v=jzrUqAtUcpU
@DanValley. thanks. http://www.youtube.com/watch?v=jzrUqAtUcpU
lets hear it fo george jones.
http://www.youtube.com/watch?v=WIkppVm4s60&feature=related
Change the World
http://www.youtube.com/watch?v=JZORcu-Qfho&feature=player_embedded#
george jones was good. http://www.youtube.com/watch?v=OtUbEDX0Tf0&feature=related
“Paper money eventually returns to its intrinsic value — ZERO.” – Voltaire (1694-1778)
The world champion athletes at the Winter Olympics receive gold, silver, and bronze medals that contain roughly the same amounts of metal as the last Summer Olympics.
A gold medal contains 550 grams of silver and is layered with just 6 grams of gold.
A silver medal has 509 grams of silver and about 41 grams of copper.
The bronze medals likely contain about 450 grams of copper and 50 grams of mostly tin and zinc.
CNN Poll: Majority says government a threat to citizens’ rights
when politicians mention the NWO……why are they not immediately smacked in the mouth and asked to explain this NWO we are supposed to be accepting of???
friday night singsong. more george http://www.youtube.com/watch?v=uFen-3ZoNOA&feature=related
when politicians mention the NWO……why are they nit immediately smacked in the mouth and asked to explain this NWO we are supposed to be accepting of???
Kucinich jeers: Congress is ‘complicit’ in violating Americans’ constitutional rights
With no modification and little debate, Democrats send Patriot Act extension to ObamaIn the wake of congressional Democrats’ reauthorization and extension of the USA Patriot Act, few elected Democrats have been as vocal about the post-9/11 security measures as they were during the Bush administration.
Leave it to stalwart House progressive Rep. Dennis Kucinich (D-OH) to raise a rallying cry against what he called America’s love of its fears.
@paganrongs
The reason that the Dutch moved into IcelSave was mainly because of the many little Dutch private investors and now they try to get something more back.
Unfortunately the Dutch Minister of Finance Wouter Bos overplayed his hand in his enthusiasm and short sightedness (Thinking that the crises would be over after his move) and didn’t have to do that at all. The Netherlands are also backing up some non-Dutch clients at the IceSave Bank (I believe it was) in that process. How many I don’t know?
@Snoot. http://www.youtube.com/watch?v=W0AsULaQmWM&feature=related
WAR IN THE EU AS BILDERBERGER V ROMPUY GRABS POWER
“National governments, led by Germany, are incensed by an attempt by Mr Van Rompuy to take on new powers he claims were agreed at an informal summit two weeks ago…a view that has been disputed by most EU leaders.”
http://www.telegraph.co.uk/news/worldnews/europe/eu/7326640/War-in-the-EU-as-Herman-Van-Rompuy-makes-power-grab.html
FITS IN WITH…
WELCOME TO THE NEW WORLD ORDER
“Just have a look at this terrifying document unearthed by George Russell at Fox News – the one which paves the way for the New World Order destined to be imposed on us in the name of ecological righteousness.”
http://blogs.telegraph.co.uk/news/jamesdelingpole/100027665/welcome-to-the-new-world-order/
Author Robert Auerbach & Ron Paul Respond to Bernanke’s “Bizarre” Accusation in Congressional Record
http://www.dailypaul.com/node/127167
i love jones. http://www.youtube.com/watch?v=mOduYzbwaSs&feature=related
@Youri. thanks. i knew the sachs boys were weakening poland.
george jones about gold. http://www.youtube.com/watch?v=gyIpC1kgZdM&feature=related
@ronron
Donnow if Poland is next but Iceland already went belly up, remember?
Just reading the link about Poland above. Goldman Sachs left the sinking ship like they did with Greece but Poland is in the pocket of the IMF now. The MTFs wonna place some rockets so maybe they made a deal with the Yanks.
Think it doesn’t matter who’s first now cause in the end they all gonna go and some will tricker the other to go down depending on the financial relations. Latvia, Lithuania and Estonia are on the plate of the Germans so that’s also the reason they don’t want to help Greece in first instance.
The card house is falling.
old lefty. haha http://www.youtube.com/watch?v=kORuZVZGavI&feature=related
@SG. singsong
http://www.youtube.com/watch?v=p-AED1BjuJ8
Iceland: The FT agrees with Max
Icelanders may reasonably prefer to hold their ground. Even if frozen out of global markets, ample natural resources and a well-educated workforce mean Iceland will survive, and one day thrive again.
The broader damage of the grotesque mishandling of this affair will be felt elsewhere. The political effects are both chronic and acute. The focus on Iceland’s responsibility deflects attention from the fact that European cross-border banking rules are powerless to deal with any large-scale bank collapse. The priority is to fix the system so that we can let banks fail without having to bail them out again.
London and the Hague have also created an immediate danger. Treating their claims as sovereign obligations means an eventual Icelandic rejection could make investors see sovereign defaults as less unthinkable than before. And the wrath of the Icelandic public raises the prospect of citizens elsewhere refusing to pay for public debts seen as someone else’s fault. A UK government at the mercy of bond markets should watch its step.
http://www.ft.com/cms/s/0/a62e05b8-230f-11df-a25f-00144feab49a.html
The end game is on but these guys will try and bring us all down into destruction with them. Ellen poses a very real and viable alternative. CreditUnions work based on real savings – Local Community Barter Currency works. Transition is on
something for nothing. not yet
gotta print up some money stella cuzzin ronron just built a house out of labor.
@DanDan. oh ya you got it. pretty simple creating wealth with your hands. it’s when other hands get in the way. like cocacola.
@Youri. any word on poland? there the next iceland?
@Tony
If there are $10 dollars and 10 widgets, then there is one dollar for one widget.
Now, I create an additional $10 to create 10 new widgets. There are now $20 and 20 widgets. Again one dollar for one widget.
I think that was what Ellen was attempting to convey. Perhaps I misunderstood her, but I though she said ‘double the money supply AND double goods and services.
Inflation is a term that is defined by the user lately – is it total money in circulation or is it prices?
@Youri. wonder who’s gonna feed the troops?
@Youri. yep. it’s the only ifs coming out. after that. holy fuck.
So freakin LOL how the first state that debt is not an issue and now Bernanke and Clinton come out with statements which suddenly makes it an issue. Clinton even says that it’s a Security Issue now LOL.
Panic is going to break out soon!
Clinton says U.S. deficit now a security issue http://tinyurl.com/yd3xodn
Bernanke delivers blunt warning on U.S. debt http://tinyurl.com/ya7cw87
@LA. you didn’t say it was msm. stop that.
FOR ECON 101,
economics for dummies,
and MATH 101 enrollees
- please watch below video -
http://www.youtube.com/watch?v=u6ODXBEeP5U&feature=channel
I agree with Tony. Pretty weak. Debt. is good, if you use it for infrastructure? Bridges to nowhere are good things?
I don’t believe that the destruction of housing prices, is equal to destroying 10 trillion dollars. Like i said, Pretty weak.
@Y’All
In 1903 Georgist activist Lizzie Magie created a boardgame to demonstrate the evils of landlordism, called ‘The Landlords Game’ patented in 1904 and in 1924. it was popular with quakers ,students and activists, it was later copied, adapted and sold by Parker brothers as Monopoly.
http://en.wikipedia.org/wiki/The_Landlord%27s_Game
bunch of one trick fucking pony’s.
Time to round up and bring to Nuremberg-type trials for banksters and their many cohorts (e.g. particularly the professional liar classes).
These criminals have gotten away with their crimes against humanity far too long.
Or -better still -and for a long overdue change -a united world of human beings should wage unmerciful war against these vile ones.
time for humanity to benefit (“profit”) for once instead of the stuffed-suit criminals -(and with the “war booty” – pay all real monetary debts).
poland is important. http://blogs.wsj.com/new-europe/2010/01/18/poland-calling-out-for-an-acronym/tab/article/
Rivero is waxing about the amerikan people…who & what the f is the “amerikan people”….be careful what you wish fer….this shot “enterprise” is about to be dumped completely unto//into your “vox populi” lap….then what???
just fucking watch. http://www.bloomberg.com/apps/news?pid=20601087&sid=aPxeQ0x5hg_Y&refer=home
pretty quiet in poland. http://www.bloomberg.com/apps/news?pid=20601095&sid=aO_29YjQT3oM
the banksters are quietly in poland. http://www.ft.com/cms/s/0/9925fa96-127b-11df-a611-00144feab49a.html?ftcamp=rss
poland. http://www.freshplaza.com/news_detail.asp?id=57890
poland is the next iceland-ireland. http://blogs.wsj.com/new-europe/2010/02/09/poland-sends-unclear-messages-on-debt/tab/article/
nice company. http://www.ewcollections.com/
the spooks are in poland right now. there gonna get them good.
Good show cause this goes into the solution. Tarpley has said it from the beginning kick the private banks out and only that will save you money like said on the show. Round 3% but what the lady said is that they actually have to pay this rent back minus servicing costs so I am very curious how much these private banks actually steel for putting some digitals into the computer? Total unnecessary.
Better is indeed to forget about Wall Street an open State banks. The bigger these organization are the more corrupt. Look at the EEG for instance. These guys put their vacation on the taxpayers bill cause quote: “We also think about the EEG during our vacation” Much of the corruption has not been revealed unlike the corruption on Wall Street now.
Imagine you have a World government that really would be a disaster of fraud and corruption. That’s of cause they reason they want it which is totally unnecessary. It’s all about psychopaths with an addiction to unlimited power to control and destroy.
like i said. poland. http://www.nytimes.com/2009/04/15/business/global/15imf.html
@x
Bob Chapmans failure list: GREECE, UK, USA, SPAIN, IRELAND, PORTUGAL, ITALY – KAZAKHSTAN, ROMANIA , UKRAINE, LATVIA, LITHUANIA, ESTONIA, POLAND, HUNGARY, JAPAN, ARGENTINA
@M/A. your quiet tonight.
The timing for taxing to death in the USA is about as great as the one offered to people from Iceland. You were right about Iceland. It was the canary in the coal mine. Tax to death with 22% unemployment. SLAVERY.
A lot of Al-Mossad terrorists in North Dakota ? This is scandalous. Obama will soon order the liberation of North Dakota from the Commies, and put in chargee the Godamn Sachs hit men. Where my North Dakota Greece ?
Hey bernake get the money from your bankster goon friends. They’re the ones that set up and stole all the money. Get the money from them not the citizens of the usa who have got nothing from you but your threats.
sounded like bernake desperately wants the usa to start paying its debt. IN other words tax us to death.
Hey ben. Give back the money you’ve lent to your bankster goon friends at almost 0 interest. And give it to the american people. WE’d have a flouishing economy now if you’d given the money directly to the usa citizens instead of your big goon bankster buddys.
It’s not CASH FLOW Max. It’s KRACH FLOW. Go with the flow Max. It’s all a question of KRACH (and in french “crache” means to spit). Spit flow. Papa Obama is there to insure that everybody has sufficient saliva to spit.
Max, where do you get some of these half wit economists?
Ellen Brown: “… You’re really just increasing the money supply. Which is a good thing. …
If you use the money to produce goods and services, goods and services go up at the same time that money goes up. And so you don’t have inflation. You could double the money supply if you doubled the goods and services and the prices would stay the same.”
******* Except, *** Doubling the goods and services without doubling the money supply would result in half-priced goods and services. Therefor doubling the money supply, even for so-called ‘good things’, still results in a 100% inflationary reaction.
Because inflation is a currency event, not a Keynesian equation. Ms. could use a remedial math refresher.
@ronron.
Hi.
A bit, but cheaper than shipping from London.
Oink.
Obama is the PRIVATE PROPERTY of GOLDMAN SACHS. He the financial terrorist NUMERO UNO. It’s not complicated to understand. He is there to transform the USA in Indonesia. A declining third world Obanana republic.
Talking about illegitimate and illegal ? Where’s your birth certificate Barrye Satoro from Indonesia. He probably an illegitimate child of General Subharto ? Who is Obama ? No one knows. Illegal predisent, a bigger criminal than Bush!
@Common sense
That is just a bogus promo video. This is another one that you might like, you can use the cursor keys to move the pointer http://www.spelletjes.net/991.html
@Namarama. curios. how much over spot?
OTE43
Max is brilliant.
Ellen Brown is an ace.
As Liz Warren and many others have pointed out, the problems with the financial system are apparent, and the solutions are obvious.
THE PROBLEM is political, not financial.
Found a metal seller in Dublin..
Happy days.
Great show lads..
Big up Ellen Brown…
@Mep. it never ends.
@ ronron- Here’s some more “food corruption”: EU approves “meat glue” as food additive
Live from Ellen Brown’s bedroom.. Nationalize The Fed!!!
My third favourite lady after Ute Lemper and Stacy Herbert.. Ellen Brown!
You know what? It’s.. SOCIALISM!!!! But don’t mention that because the wingers will freak into spasms of shitting themselves in raw terror. The banksters will send their armed teabagger zombies out into the streets with signs saying “Morans!” and “Soshulizm!”
Mark Ames’ Russian road buddy Taibbi (who coined the odious insult “troofer” on behalf of his CIA handlers) has a new article. Okey doke. I’m going there right now to read it.
WONDERFUL SHOW, Max & Stacy! As always.
Superb episode.
Re: Twin pane – Ms. Brown + Max
vs location = ‘somewhere in cyberspace’
would warm things up if captions
Max: Paris
Ellen Brown: ____ USA
@ pagan rons
4 mins video look at gold over next few weeks
http://broadcast.ino.com/education/gold225/
_____ ________________________ ___________________ _____________
Gold, oil and the U.S. dollar are way too important to traded freely.
All 3 instruments are 100% manipulated.
(So is silver, and probably other precious metals)
@Max
what about g edward griffin as a guest?
you can’t make this shit up. http://news.bbc.co.uk/2/hi/business/8539099.stm
Max actually reads a dinosaur paper?
Nice to see some piece of these antiquities on TV again :-O
teds mad again. hahaha. http://www.youtube.com/user/tenebroust#p/a/u/0/XCmtjePRWjg
mers http://chinkinthearmor.net/2010/02/26/meaning-of-mers/
testing
interesting http://chinkinthearmor.net/2010/02/26/meaning-of-mers/
Max…it is high time you discussed(disclosed) William Patterson & the beginning of the Bank of England(1694)…ie. the origin of Debt(Gov) as Money..Patterson produced Walpole & Walpole produced Hamilton.
Money should be backed by PRODUCTION….NOT DEBT(claims on Production)…think in terms of quantitative PRODUCTION….(the issues of Patents, Copyrights & Charters)….MONOPOLY(restraint of Production).
How’bout the quantitative easing of MONOPOLY????
States; whether big or small….in charge of MONEY(DEBT)…does NOT fix the problem….it just reupholsters it.
Isn’t it time we analyze who these people are behind the Fed, Goldman Sachs, Greek debacle, analyze what they have in common, instead of just cry financial terrorists?
If you don’t, as far as I’m concerned, you’re as much part of the problem as they are
4 mins video look at gold over next few weeks
http://broadcast.ino.com/education/gold225/
@ronron
If it is contrary to the elites’ interests, it will like trying to pull the teeth of a shark in the ocean with using only a snorkel and a pair of pliers.
@GGees
Exactly. It never made sense to me to borrow from the oligarchs and pay exorbitant interests when we could have just borrowed from ourselves all along. Any interest earned comes right back to us and will eliminate some of the need for future taxing and borrowing. My god, the federal budget includes hundreds of billions in interest payments alone each year. It is INSANE!
@stacey i think i just realized why you never appear in person on the Edge. It’s because you would have to wear a head dress isn’t it!
@Dan
I couldnt agree more, the amount of mal investment over the last decade is mind boggling Just think of the amount invested in homes and property as an example of a non productive investment. Property should be taxed and income free of tax. This would give the right incentives for investment in productive enterprises. A basic banking function charted specifically to support the people would rip the heart out of the Wall st fascists.
Bail out the debtors eh. So all mortgages and cc debt would be transferred to the government. That’s cool for the borrowers/gamblers, a free house plus all the crap they bought on credit. And then what.
No more interest payments to the lenders, they’re solvent but lost their income stream (interest). What unintended consequences would that give.
The savers, well they’ll be really really happy. They’ll get to pay for the transferred debt. Nothing new then, saving would be proven once again really stupid.
Easy solutions!
Hey, I have one too. No bailouts. Anything overleveraged defaults and prices get back to solid ground. Lets get a real productive economy and money which keeps its value. Just a wild idea.
@DanDan. what ellen suggested is the right thing to do so it won’t happen.
I’ll shut up now.
I wouldn’t see a problem with private banks competing with government banks. Competition keeps everyone honest. Private banks might see the merits of business loans that government banks do not and help eliminate favoritism.
@GGees
That is the problem I have as well. We need to monetize gold and silver. But couldn’t both work? A hard currency and government owned banks? Lets get banking back to a utilitarian function and grow the productive economy.
. . . Ellen Brown suggested that the federal government could accomplish the same thing by owning a federal bank (Federal Reserve).
Her argument will not sit too well with the gold bugs as she is stating that a nationalised bank chartered to serve the needs of the people would work extremely well in providing the monetary needs for enterprise
@dare
There is only one state that does not have budget problems. That one state is North Dakota. That one state is the ONLY state with its a state owned bank. Coincidence?
@dare
If a state needs money in excess of tax revenues, it will raise that money by selling bonds. It must pay interest on that money. If a state had its own bank, then the interest would be returned back to the state coffers. It is a huge advantage. The state saves a ton of money. The state bank’s primary goal is the welfare of the state and not the profits of share holders.
@dare. she told us we will be bent over further.
Owner of Great Britain (Dubai Version) in Jail http://online.wsj.com/article/SB10001424052748703510204575085681946311498.html?mod=rss_most_viewed_day_europe
Um.. this episode made no fucking sense to me. can anyone explain it. this woman is either a genius and therefore a terrible communicator.. OR just a bad communicator. It seemed like max was trying to follow along as best as any normal brain could and trying to rapidly decode it for us but it wasnt step-by-step enough for me
jeez now I see why you have a still picture of Stacey, because during the bit where she does the talking you did all the talking so having her picture there and her lips not move, was just the same as paying to have her there in the studio and not see her speak, do you talk as much in your sleep ?
is Stacey hiding under the desk pretending to be on the phone, ,or just out of camera shot ? just trying to save you the cost of a phone call if she is really on the phone
Israel is apparently not too concerned about its bad PR:
Israel plans 600 more homes in East Jerusalem
According to wikipedia, war bonds were sold during WWI and Treasury auctions began in 1929. This must have been cheaper way of financing our debt than direct loans from the Federal Reserve. But once the Fed had to turn over profits, why didn’t the US simply borrow from the Fed? Was it the dreaded “monetization” of debt? Imagine if our budget didn’t include a $400-$600 billion interest payment each year. We would need to sell less Treasuries or borrow (monetize debt) each year as well.
bernanke http://www.washingtontimes.com/news/2010/feb/25/bernanke-delivers-warning-on-us-debt/
@Febo
you weren’t imagining tussled hair on that pillow were you?
I like the bedroom sub-plot.
food corruption http://www.nytimes.com/2010/02/25/business/25tomatoes.html
jim rogers impersonater? http://www.businessinsider.com/this-is-the-man-that-impersonated-jim-rogers-and-called-for-the-pound-to-collapse-2010-2
paul craig roberts http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2010m2d26-Paul-Craig-Roberts-US-pushing-for-nuclear-war-leadership-treasonous-for-duping-US-into-wars
Loved that episode Max and Stacy. Ellen Brown is a sweetheart and she knows her stuff. The idea is so simple: State banks return the interest earned to the general funds of the state.
I though it was interesting that once the Fed had to return profits, it quit loaning money. Is this true? Was at this point that the US began to sell Treasuries?
“Clinton says U.S. deficit now a security issue”
When was it not a security issue!!!!
And why is such a security issue now? How about 10 years ago?!
Is it an issue now because China is now flexing their muscle!!
Why do these idiots even bother speaking.
@Bonn. warning danger. danger warning. Bonn. http://aftermathnews.wordpress.com/2010/02/26/indian-law-would-make-criticizing-gm-crops-an-imprisonable-offense/
@Stacy. for some reason you can’t watch from your site?
Clinton says U.S. deficit now a security issue
http://www.reuters.com/article/idUSN2511749320100225
good show.
@Max&Stacy
what do you say about gerald celente as a a guest?
also bob chapman
lst?