Stacy Summary: Good evening; a wide ranging discussion on this episode.
For more download & listening options, visit Archive dot org
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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
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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I beat Bonn! First
Let them eat pasties!
TAM
New Commodity Currencies
don’t forget pork bellies
Finally,…..the ‘beef’ is being served!
Good explanation of the causes of what’s going on in the global economy:
YouTube — The Crash Course by Chris Martenson 1/20
http://www.youtube.com/watch?v=XnXZzx9pAmQ
‘In “The Crash Course”, Chris Martenson presents an in-depth consideration of the Economy, Energy, and the Environment. Not only does he explain the fundamental causes of the current economic crisis, but he also demonstrates how the problems facing the economy are related to concurrent issues regarding our sources of energy and climate change. The information provided is eye-opening and vital to understanding the world in which we live and how that world will change in the near future. “In order to know where we are headed, we have to know where we are, and in order to know where we are, we have to know where we have come from.”‘
Lalo Schifrin
‘Mission: Impossible’ my fav
http://www.schifrin.com/main.htm
http://en.wikipedia.org/wiki/Lalo_Schifrin
“Healthcare is a luxury…”
And food is a ‘right’?
Stacy,
Do you have a link to that story of people selling shares in their future incomes?
Future barter
Sleep Dealer
Set in a near-future, militarized world marked by closed borders, virtual labor and a global digital network that joins minds and experiences, three strangers risk their lives to connect with each other and break the barriers of technology.
http://www.sleepdealer.com
the same thing happened in the Grain Markets in 1996 with the Hedge to Arrive Program.
“New American Dream”
Sleep Dealer Trailer
http://www.youtube.com/watch?v=xW8oSRSzS7M
@Adam C – I’ve just downloaded the show so I haven’t come to that story yet, but Mother Earth gave a link to a story about selling future earnings earlier this week if you want to take a look.
repost link:
Entrepreneurs offer their life’s future earnings for an investment
http://deals.venturebeat.com/2010/03/03/life-investment/
Check out a Movie called Forbidden Planet, from the 1950′s I have always seen it as an analogy of the modern Economic / Banking System
@Palantíri
Awesome. Thanks. A few years back, I designed some satirical business cards for struggling artists along the same same lines. Also conversation charge cards for making money at networking events. Lost the files in a hard drive crash.
Max…no comment on the “gay’ scandals at the Vatican & in the House of Representatives….let’s face it Max…you have your wish….gays are extremely well position in Power…how we doin’ so far???
Another entertaining and informative show Max and Stacy.
Max has mentioned that banks claim the law can not keep up with their innovations. When he was talking about the evolution of economics and currencies, it reminded me of how a fraudulent scheme lead to modern day “debt as money” and fractional reserve banking.
Skip this if you know the story:
Once upon a time, a goldsmith realized that at any given time, only a percentage of his clients ever demanded the physical gold he held for them in his vaults. When his clients needed to make payments with gold, they would simply give merchants the gold receipts.
Now the goldsmith was allowed to loan out the gold at interest, but he had to share the profits with the depositors. The goldsmith came up with the clever idea of loaning out more gold receipts than he actually had gold in his vaults. He could keep all of the interest earned from this fraud. The only way he would be caught is if he loaned out more than a certain percentage of his actual reserves. The goldsmith became fabulously wealthy. He was earning interest on nothing, many times over the actual gold in reserve.
Later this deception was legalized as fractional reserve banking and now is backed by nothing but air. Banks earn something on nothing and we all put up real assets as collateral for fake fiat money. With this system, banks will eventually own the world – they are not far from it now.
And the bankers lived happily ever after . . . the END
Ancient text on hunter-gatherer economics — first chapter of Sahlin’s “Stone Age Economics” (1972), entitled “The Original Affluent Society”:
http://www.primitivism.com/original-affluent.htm
Prehistoric scrolls discussing consumer culture, “Theory of the Leisure Class” (Thorstein Veblen, 1912). Read or download:
http://www.archive.org/details/theoryleisurecl00veblgoog
your cut out and keep guide to proper behavior during a riot.
http://www.occupiedlondon.org/blog/2010/03/06/206-how-to-take-out-a-riot-police-unit-a-play-in-10-acts/
best show on the internet. I look forward to it every week. Actually every show you folks do I think is great. And I’m hard to please!
Must be nice to be bankster. STealing money from every corner of the world. Its like a race now to who or what can be the richest ashhole in the world.
Iceland is just the beginning ! They should send bounty hunters in Great-Bandit to capture the Iceland bankster living in this facists and nazi bankster that is United Kleptocrat. Get the fucker and place him in prison. Let the debts collaspe indeed. It’s the only way out. It’s the only sensible solution.
@jon
We should start a movement to submit the name of Max and Stacy for a Nobel prize in Economy ! I am serious. You could make a spoof film: “Max and Stacy at the Nobel.”
How about a “mocumentary” about the Nobel prizes in economy ? Your Pirate My Film Max is really inspiratonnal. Effectively one of the best shows on planet Earth.
Exactly the way it works ! The unconscious is continually raped by the people in politics, the media and banking. Adolf Hitler and Joseph Goebbels were fervent maniacs of using hypnotic techniques. Unfortunately most people still don’t get it ! They try controlling you by agressing and raping your subconscious. And it’s a 24 hour per day entreprise.
Roll your tofu and oath, smoke it and snuff it. Autarcy is the SOLUTION Max and Stacy.Autarcy.
Kill the monopolists.
Come on ! There is money. It’s just that the monopolists control the diffusion of the stuff. Milo is the name of the barterer. A American masterpiece ! If you want to understand 2010, Catch 22 is the best economic manual to explain how it works !
Heller blew my mind when I read the novel. The novel is even better.
@ Max and Stacy
Bevlin pricing (probably misspelled) is a good concept to explain why America’s Health Care cost continue to rise….I believe there is also a closed market system operating too…meaning cost is placed outside the consumer or final receiver of the goods and services (not that I favor a market system, I have always advocated individuals being able to buy into Medicare/Medicaid) and also a closed system in which Health insurance is a commodity that has been deemed a necessity because of the cost of Medical Care so they can squeeze the most out of the people…
the reason why American’s don’t want to aid their neighbor…well this is the same reason America is a highly litigious society…We are relatively young country, we don’t have 100 generations…so we are constantly fretting about the “new comers” and live in terror of the “Free Rider”
the reason the Scandinavia countries can have such a generous welfare state is because they have millennium of a relatively stable/homogeneous populace…(am not saying our diversity is a bad thing…it just does offer a kink that European and Asian nations did not encounter when their Welfare Societies came into existence After WWII) can you honestly say the generosity would be as great after the 70′s when the populations of German and the Dutch society started importing labor?
Because of or Youth and our political/economic culture deemed it advantageous to put one race/class/gender against another…my country is Doomed
Good show. I especially liked the rant in the middle. A different kind of spin on the theme: “this is your brain on drugs”
@ Max, (or anyone who might understand his position)
You seem to be doing an exellent job describing “inflation”, but then call it “Deflation”. Is your position analagous to a balloon? If it’s getting bigger, it’s inflating and vice versa? So when the money is deflating are you saying it’s worth less? (ie. it takes more fiat dollars to buy an ounce of gold.)
So if it costs more to buy stuff; it’s inflation? But since it costs more to buy stuff, the Money is deflating?
I have sphere shaped dice.!
Despite the flakey start, wow what a show !
I have been waiting for you to turn to the barter model and speak of its return in a digital form. Encompassing the “Casino Gulag” but going further to speak to its form and function and eventuality.
The video that went around last week must have jogged loose a few more ideas.
http://www.rockpapershotgun.com/2010/02/24/this-hunger-for-reality/
This transition will certainly feed a further disconnection of the people from reality and the oligarchs will scoop up that reality and own it.
One living in a world of hard assets and the other jacked into the matrix rich in digital manna.
I sorry but, if I had a yacht and was out in the Mediterranean I would not be counting my gold bullion.
Hey Max & Stacy,
Why do you think Insurance companies would make such a noisy commotion about drastically raising rates (such as the recent announcement of huge increases in the National Media states of New York & California) at the same time that congress is debating national (mandated) healthcare? Can you maybe give it a guess?
You’re very interesting at times when you discuss economics, but when it comes to politics; I’ve just come to the conclusion that you’re both just hopelessly shallow.
How do I get an avatar? Is there a minimum post requirement or something? Holla back. ONE
Brillant show Max & Stacy ya really make it simple
Hic
Good anology of watches n health care ; got a clear simple consise understandin
On ta Oil front when it was tradin @ 140 $ I was hearin on some Show I belive tat Oil was traded 27 times before it reached ta End customer by speculators ?????? is tat true ???
Tank ya very much
Bonn
Hic
Wait a minute
Sonia Ghandi
A ) has no Relation to Mahatma Ghandi
B ) She ta power house of the Congress Party
Manmohan Singh is just a Front ;Sonia Calls ta shots
Hic
Hmmm maybe its BBC is Her Royal Majesty’s Co. ??? maybe Rothy boys play toy ??
Hic
Circle of fire’n line
lolololoolololol
Nice one
Hic
Helen Skopis – Athens Radio
to Max
We’ll be back on Monday. I’ll call you before the show so you can let me know if you can talk to us about it at 14.10 Greece time.
Would you like me to send you the questions before the interview?
http://opinionator.blogs.nytimes.com:80/2010/03/04/a-wall-street-witch-hunt/?8ty&emc=ty
Max,
William Cohan suggests a pardon for Freeman. Many years ago I worked at Goldman, just before during and after the 1987 crash. Cohan is way off base with this story.
Best,
Janet
http://usawatchdog.com/new-real-numbers/
Obama supposedly has a higher rating than congress; but how much longer can he get away with duping the people?
The so-called healthcare reform bill is just a distraction from the trouble lying ahead. The ogre of food shortages and high prices are due to start appearing from May onward.
With the past two years of large crop failures impacting the U.S. Food supply, the USDA is still projecting surplus. It has been suggested that the USDA has been forced to present a rosy picture to keep the heat off congress and Obama. Time will tell how serious the situation is.
hello Max,
Thanks for all your On the Edge videos and your candor to speak the truth !!
Attached is a Bob Chapman newsletter for today, March 6th, 2010.
You should have Bob Chapman on your show.
Gold bull guru extraordinaire. With his 1600 on his SATS and his photographic memory.
CIA agent in the late 50s.
Since, he has been in the gold and silver business for 50 years.
Used to be on TV 20 years ago but spoke too much truth so they would not let him on anymore.
Top gold broker, world reknown, in the 1980s with clients like Prince Charles.
Retired now but still has 15,000 subscribers (up 30% in the past year) and he spends 10-15 hours per day reading the financial news from all corners of the planet.
Does 100 pages (2 newsletters) per week.
He is always listing your urls in his newsletter.
Does 25 radio show hours per week .
Has known about the financial terrorists for 50 years.
Is a regular each week on Alex Jones show to talk about gold and silver and the financial crisis !
His email address:
[email protected]
http://www.theinternationalforecaster.com (BC’s website)
Thanks
Hi Max,
I love your material and passion. I look forward to listening to a
passionate person fight for Joe 6 Pack so he doesn’t become an empty
beer carton as the bankers drink all his beer. Thanks for your passion
and commitment.
SWARMUSA.COM is trying to take back the money powers from the banking
cartel. Bill Still (creator and producer of The Money Masters) and
Nathan Martin (Nathan’s Economic Edge) are heading up this effort. Karl
Denninger and Ellen Brown, among others, are supporting this truly grass
roots effort.
In short, we are trying to create thousands of activists willing to
spend 5-10 minutes to target government officials in a coordinated way
and pressure them to restore the money powers back to the government -
and kick the bankers out!
Think of it as tens of thousands of “one inch punches” right to the nose
of the government mercenaries in charge.
I think they would make for a great interview and I’m sure we both agree
the nation would be a better place if we can cut off the bankers and
stop paying interest to them on the nation’s money supply.
The Media Relations with contact information is below:
http://www.swarmusa.com/vb4/content.php/171-media-relations
Keep up the good fight, our nation depends upon it.
The number of people who “have your back” are growing daily.
Best Regards,
Jeff
Skip my (below) rant: SlopeOfHope.com’s “WHAT WE’VE LEARNED about Markets & Economy Past few years” – http://slopeofhope.com/2010/03/what-have-we-learned.html
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Dear Mr. Keiser:
They say “Laughter is the best medicine!” and, watching the Serial treachery, thievery fraud, and parasite finance go, not only UNPUNISHED, but REWARDED with MORE POWER and wealth…
…well, it took tens of thousands of American (Union Army) Civil War lives to stop the spread of slavery…
and, ironically, I read one National Park service report, at one of the Civil War battlefields around Washington, that upon hearing of Lee’s surrender at the end of ALL THOSE HORRENDOUS YEARS of death, bloodshed, and hell, several of the Union generals were in competition to get back to Washington D.C. to claim the “honors” of being the first in the capital (even if, say, Sherman’s troops down in the Carolinas, who had as much claim to glory as any Union troops, couldn’t possibly make it to back to D.C. so quickly)…
…the Union generals, in a rush to get back to D.C., FORCE-MARCHED their troops so hard in hot April sun, that over a dozen Union troopers DIED on the forced march back to Washington, for no reason but to get honors for their commanders!
Having won the Civil War to END slavery, the Union troops were being treated like expendable slaves, even after the war had ended, Praise Be!
Just like after the victorious end of the American Revolution, the American landlords, bankers, and would-be aristocracy took up right where the British & Royal army had left off… TAXING THE FARMERS to REBELLION, President Washington had to mount a white charger and lead 13,000 troops to Western Pennsylvania to SUPPRESS the rebellion, while Washington was magnanimous and suspended some death sentences after the trials for sedition & rebellion for the Whiskey Rebellion leaders, what do you know, most of the top such leaders DIED IN JAILS at the tender mercies of the sheriffs and judges, who of course were in league with the bankers and landlords.
Long story short: SOME THINGS NEVER CHANGE! It’s just that for most of American history, our textbooks, press, and “national narrative” have accented “FREEDOM!” and “LIBERTY!” as clever screens for the power of the wealthy to control the economy and government.
And why not? Honestly, if you make a nation TOO “liberal” and egalitarian, people will MIGRATE over vast distances to take advantage of the economic opportunity, and EXTREMELY POWERFUL FORCE in history which ALWAYS intimidates, and THREATENS TO OVERWHELM, the natives.
As corny and over the top as it may have been, Martin Scorsese’s “The Gangs of New York” – portraying two decades of fighting between native Protestant New York gangs, vs incoming Irish Catholics and their gangs – is a perfectly good example of this process.
As were the ALIEN AND SEDITION Acts passed by the Federalist Party during the Quasi-war against France – Jefferson’s French friends were shown the door, the Anglo-phile Federalists were terrified of the French Revolution spreading (literally) to America.
Henry Ford started with a genuinely altruistic goal to PROVIDE A GOOD WAGE to ALL his workers, with his then unheard of “Five dollar A DAY wage.”
Ford – and America – were OVERWHELMED, by immigrants FROM ALL OVER THE WORLD, RUSHING to Detroit plants like the forty-niners of the 1849 gold rush, and Ford, to put it mildly, “FREAKED OUT” and became a Union-bashing tyrant thereafter.
While on this discussion, it is of good to point out that at one time in America’s history, Wealthy mine & factory owners literally had license to work their workers – TO DEATH.
Child laborers were used in America’s TEXTILE factories, where a child getting his arm ripped off by steam-driven factory belts were routine.
Mine owners had the luxury of working their miners TO DEATH, DAILY MINE FATALITIES were ROUTINE in some mines. Whenever the miners tried to organize for better safety wages, the mine owners AND NY, Chicago, and national news papers portrayed the (mostly Eastern And Southern European) miners as “COMMUNIST”.
IT WASN’T UNTIL the “BATTLE OF BLAIR MOUNTAIN” – literally, hired security goons ARMED WITH MACHINE-GUNS, and county sheriffs and state governors FEDERALIZING National Guard troops to MACHINE GUN striking miners – !!
http://en.wikipedia.org/wiki/Battle_of_Blair_Mountain
between 10,000 and 15,000 FIFTEEN THOUSAND miners, striking and protesting for safer conditions and better wages, FIRED ON WITH MACHINE-GUNS, by mine owner’s hired guns, federalized National Guard troops, and even BILLY MITCHELL’s army bombers dropping bombs on the striking miners!!
And before that, 1914, the LUDLOW MASSACRE – the same private army, BALDWIN FELTS DETECTIVE AGENCY (yesterday’s version of Blackwater) shot up striking miners with machine-gun armed armored cars!
http://en.wikipedia.org/wiki/Ludlow_massacre
There you have it, Max: THIS is the way it has ALWAYS BEEN, I call it “THE CONFEDERATE SOLDIER SYNDROME,” where Americans who don’t even own slaves FIGHT for the SLAVE PLANTATION MASTERS right to profit off the sweat, blood, and lives of others.
Sorry for the rant, but here is Tim Knight’s excellent take of the past few years, thought I’d pass it on –
All in all, AS BAD as America has been, in sheer numbers, unless your family was indigenous natives (“Indians”) or imported slaves, America doesn’t even make it in to the top 20 of wiki’s “history’s most bloody wars and human disasters” list, except as small portions of the WWI and WWII total death tolls.
http://en.wikipedia.org/wiki/List_of_wars_and_disasters_by_death_toll
Ethnic conflict, human genocides, and wars of massacre & extermination are, of course, a DISMAL topic, but ol’ von Clauswitz HAD IT WRONG: WARS are NOT “Politics by other means,” rather, POLITICS is SLOW-BURN, low-intensity Warfare!
As the story of Cain & Abel informs us, the two antagonists can be GENETICALLY, CULTURALLY, ECONOMICALLY, and socially IDENTICAL, but they will STILL be DRIVEN TO KILL EACH OTHER for supremacy. (Indeed, it was standard procedure for the succession of the Turkish sultanate; the victorious son was OBLIGATED to EXTERMINATE __ALL__ of his brothers, and their children, to prevent a dynasty civil war tearing the empire apart.)
Mr. Knight has his item #8 correct: the US government, at the behest of the Ruling Robber Barons, will keep the unemployment checks flowing, to prevent a repeat of the kind of economic crisis that brought Franklin D Roosevelt into the White House in 1932…..
AS LONG as the public can be REMINDED of these themes – that the wealthy PREYING on American citizens, and on imported (immigrant) labor is SITUATION NORMAL in American history, then there will at least be limits on the garbage they can force on us.
:Lj .
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http://slopeofhope.com/2010/03/what-have-we-learned.html
What Have We Learned?
One solid year of an up market, and one solid month of the most agonizing trading time I’ve had in my entire life, have put me in a deeply reflective mood. Even though the January 19th high has not been violated (yet), I am having deep doubts as to my long-term outlook on the market. It seems to head higher, regardless of external news or realities.
So what has the past year taught us? I have some thoughts on this; and although these thoughts may seem grumpy, snarky, or even whiney, I promise you, they are not intended to be. Cynical? Yes. Despairing? Sure. But complaining? No. Complaining about reality is pointless.
. So here’s what I think the world has learned:
1. Investment banks can, with few exceptions, act with impunity. Yes, Lehman and Bear are gone, but that’s just a sliver of the investing banking world. By and large, investment banks entered into the crisis as winners and exited the crisis as even bigger winners. They now know there really is no consequence for negative outcomes. If they win, they keep the profits; if they lose, they will be bailed out. End of story. So I think that, far from being chastened, banks have been emboldened to act in a manner that makes 2007 look like doe-eyed innocence.
2. Financial reform isn’t going to happen. Whatever gets passed is going to be feeble. Maybe they’ll pass a bill demanding that disclosure statements on credit card applications be in a font size two points larger than before, but that’s about it. All this Volcker rule hub-bub is only going to compel the Goldmans of the world to dispose of their classification as bank holding companies, now that the need to be in that category (with its benefits) has passed. The panic is gone, so the motivation for real change is dead.
3. Real estate is doing just fine. Think real estate is in trouble? Ask the holders of SRS how their investment is doing. Real estate isn’t going to be permitted to fail.
4. The financial industry is doing fine. Disagree? Check in with holders of SKF. They, as with SRS holders, are holding on to securities at lows never before seen in history.
5. Keynesian “economics” works. On the rare occasions a government faces a crisis, they just have to “print” (well, electronically create) trillions of dollars in “money.” Bang! Problem solved.
6. Buying as many stocks as you can during times of panic is like legally stealing money. Gobbling up stocks – any stocks! – a year ago was a brilliant move for those who did it. The old saw about buying when there is blood running in the streets surely has held true.
7. It’s much easier being a bull than a bear. The reason is simple – - pretty much all the vested interests in the world are on your side. You don’t have to fight the tide all the time. Nine years out of ten, you’re going to be right.
8. The unemployment rate doesn’t matter. About 10% of the public has no income, and about 20% is underemployed. Obviously it doesn’t matter to equities. The government will just keep printing up unemployment checks (no matter how many extensions are required) to keep things civil.
9. The US dollar is a one-edged sword. If the dollar is weak, equities will explode higher. If the dollar goes down, it doesn’t matter.
10. The citizens of the U.S. love buying stuff. It doesn’t matter if they need it, or if they have the cash on hand to afford it. This is the national pastime, and it’s never going to end.
To a person like me, who is rational to a fault, and who loves free markets, these cold realities are depressing beyond imagination. But I’m not an idiot; I can see what’s going on, and it’s time to face the facts.
Have a nice day.
Posted by Tim Knigh
Hi Max,
Interesting comment came across in MISH’s comment section.
———————-
Iceland’s negotiator in the Icesave saga is American Lee Buchheit, a “superlawyer” with Cleary, Gottlieb, Steen and Hamilton, a firm based in New York.
http://www.themalaysianinsider.com/index.php/business/54670-iceland-faces-icesave-cash-squeeze
For interest, I googled “Cleary Gottleib”, and found the following little tidbits:
PRACTICE: Known for its strong relationship with Goldman Sachs, Cleary Gottlieb Steen & Hamilton LLP’s ‘excellent’ five-partner New York practice provides ‘very accurate and professional advice’. It benefits by sharing the global outlook of ….
and
Cleary Gottlieb Steen & Hamilton LLP tax lawyers were members of the team which counseled Bank of America as lead provider to the master liquidity enhancement conduit, known as M-LEC, organized by Bank of America, Citigroup and JPMorgan Chase in consultation with the US Treasury Department, to provide $200bn in financing and credit support to asset-backed commercial paper conduits holding mortgage-backed securities.
from: http://www.legal500.com/firms/51353/offices/54018
The bankers have their fingers on the pulse of the victim….
The vote was just a negotiating position.
—————-
–
Best Regards,
Oleg
Not sure about the barter system thing, David Graeber says you only get barter in post-money society (Argentina) not in pre-money societies.
http://www.metamute.org/en/content/debt_the_first_five_thousand_years
Aah Max it’s the way ye tellum, great show, circular firing squads, the luxury of healthcare, yes indeed.
The Barbados Water Authority has activated its drought management plan.
http://www.cbc.bb/index.pl/article?id=6177496
This as the country continues to experience severely dry conditions.
Barbados has not had any significant amount of rainfall since late last year.
The increasingly dry conditions have forced the Barbados Water Authority to set up a task force that will monitor the drought situation and coordinate a three phase action plan.
BWA says the action could range from night time shut offs, prohibition or even day time shut offs.
[...]
=========
IDB expects Caribbean remittances to stabilise in 2010
http://www.cbc.bb/index.pl/article?id=6177687
Money transfers from Latin American and Caribbean migrants to their families back home are likely to stabilise in 2010 after suffering a 15 percent drop in 2009, according to a new report issued by the Inter-American Development Bank’s Multilateral Investment Fund (FOMIN).
Last year, remittances to the region fell to US$58.8 billion, below the level reached in 2006. It marked the first time in which the volume of remittances was lower than the amount sent the year before since FOMIN started tracking these flows in 2000.
“Until 2009 the average annual growth had been 17 per cent, although it started to slow in 2006 and diminished considerably in 2008, as the global economic crisis hit migrant employment and income levels in countries such as the United States, Spain and Japan,” FOMIN said.
[...]
@maxkeiser.com
as always a big thanks for the show!!!
@Mr Holipsism
uhm, AVATAR…. go here!!!
http://en.gravatar.com/site/login
@Mr Holipsism.
or here!!!
http://en.gravatar.com/
@stacyherbert
‘This shows the ending of the era of scarcity here in North America.’
http://www.technocracy-think-tank.org/addenda.htm#graph0
Technocracy makes a good point about how there’s more than enough food than people can eat, more than enough clothes than they can wear, etc. If falls down when it comes to savings. The energy credits advocated expire. Kind of like food stamps, I think. No motivation to accumulate capital.
Nonetheless, technoracy is notable for trying to introduce engineering methods, and in particular energy accounting, into macroeconomics. Steve keen is moving in a generally similar direction. It would be very interesting to see Max interview a representative of Technocracy, Inc.
Technocrats Survive, Offer Ideas For ’90S
http://community.seattletimes.nwsource.com/archive/?date=19900220&slug=1057116
Technocracy, Inc.
http://www.technocracy.org/
Max,
I remember Mod Squad, Ironsides, and those other 70′s dramas.
Used to watch them in reruns.
All, “a Quinn Martin Production”
Could never figure out Ironside, couldn’t the criminals just have pushed the chair over, run across grass, somewhat flawed, now on the other hand ye had McCloud, any trouble that horse’d stamp yer arse, couldn’t out run him, the only way ye’d get McClouds horse is with marbles, but when do criminals carry bags of marbles with them on the off chance they get pursued by cowboy cop on hoseback.
I have US health care through my job and it’s pretty good. We don’t have to call the insurance company all the time, ,just some of the time. Plus, my employer covers all the premiums while I have a $2500 deductible. Much better than what I bought when self-employed.
However, I GUARANTEE that even if we go to universal health care here in the US, it will be the worst bureaucratic nightmare ever.
. I”m a nurse and the Medicare rules and regulations are stupid, bloated, ludicrous and every day a total waste of my time. They will probably be the model for a larger system, if we go there. Watch out below. We will drown in
inane paperwork, emphasis on drown and inane. Regards.
Thank you, SuperGreek!
thanks…started looking up mod squad and found one of MY favorites…The Man from U.N.C.L.E….U.N.C.L.E.’s archenemy was a vast organization known as THRUSH…Technological Hierarchy for the Removal of Undesirables and the Subjugation of Humanity, “THRUSH believes in the two-party system: the masters and the slaves.” …wow the times havent changed much in 50 years after all…or 150…