Stacy Summary: Yummmmm. McDonald’s comparable sales up 4.8% . . .
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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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@Y’All
Idle chit chat can make you unhappy.
http://www.telegraph.co.uk/science/science-news/7379561/Idle-chit-chat-can-make-you-unhappy.html
yuuuuk
People ike to eat sh– like they say. Bet you it’s because of the stupid Frenchies in France ?
And the stupid Chineese in China. You can expect an explosion of colo-rectal cancers and diabetes.
Begin Rant>>
….and McDonald’s are the only ones hiring in the UK. Max and Stacy don’t you get bored being right all the time?
This world is so f~*~*d-up. Why don’t people see what they are doing.
<< Rant ends
@Marc:
Dogs eat sh–. People eat what they can afford to eat.
Friday, February 26, 2010
Washington Notes
FDIC logs 702 problem banks; failures at 18-year high
http://boston.bizjournals.com/boston/stories/2010/03/01/newscolumn3.html
@frances:
“Dogs eat sh–. People eat what they can afford to eat”
It’s surley cheaper to eat fresh food cooked at home than eat at McD’s.
at least it is here anyway!
@stacy:
thnx for trying David McWilliams.
@Snoot
Bull ! People can afford to eat correctly. It’s not even the money Frances. It’s the culture that is dying. My grand-parents were dirt poor and ate and cooked like “cordons bleus”. My french-canadians ancestors knew how to cook and were poor as Job. Please cut the crap. It’s about the lack of culture.
Not surprised. Cheap, exceptionally acceptable, and tasty to the pallate. I’m not saying it’s good for you, but I understand. Here in Hong Kong, it’s a never ending money making machine. Now with the special promotions, you can forgetaboutit. I even have to admit that every once in a while I succumb to a fillet o’ fish, which apparently the Chinese think is the healthy option at MCDs.
I didn’t mean “acceptable”…I meant accessible.
Hey guy’s c’mon…ya gotta love the Euro Saver menu lol
Wonder will they have a Gold/Silver Saver menu soon?!
@namarama
I’ve contacted David McC and received a couple of mails in the last few hour’s and he seem’s very positive about coming on to the show. Fingers crossed!
Eat sh** and live!
http://tinyurl.com/c8vpgd
States’ Payrolls Lag as U.S. Austerity Sets In: Chart of Day http://www.bloomberg.com/apps/news?pid=20601109&sid=a0AJDADVP_N8&pos=14
Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash http://www.bloomberg.com/apps/news?pid=20601109&sid=aDuLDy3OUFmg
@JT:
That’s the shot.
“Mr Obama benefited in his campaign from an idiotic level of idolatry”
I just laugh and laugh and laugh at all the stupid people that bought into this and still are buying into it. (those still buying into it – those who have not looked at the numbers of obamacare and do not understand basic economics and the economics of a country like the US and its particular economic and social structure)
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/7396358/The-end-of-the-road-for-Barack-Obama.html
That company disgusts me..Coca Cola now runs an add on Youtube with a text ‘lets get amnesia, amnesia’ and more direct suggestions to forget serious stuff..
There seems to be a push for internet, probably just telecom companies wanting to get a piece of the aid pie. This headline makes no sense: “Almost four in five people around the world believe that access to the internet is a fundamental right” WTF? With 80% living on less than 10 USD a day? Four in five can’t afford a f*cking computer nor has power nor could buy anything online. Crap nonsense pisses me off..
http://news.bbc.co.uk/2/hi/technology/8548190.stm
http://www.globalissues.org/article/26/poverty-facts-and-stats
note to max stacy –
something wrong with the formatting on the comments – weird indents
@Youri
Unbelievable..
@M/E. your pension backing you deposits. hahaha. too much.
Treasury yields at highest in two weeks – Traders take positions ahead of note and bond auctions totaling $91 billion http://www.marketwatch.com/story/treasury-yields-at-highest-in-two-weeks-2010-03-08?dist=afterbell
Fed to sign up more firms to drain reserves http://www.marketwatch.com/story/fed-to-sign-up-more-firms-to-drain-reserves-2010-03-08-1128220
Taxpayer-subsidized Dollar Menu panacea!
Recession over! The “worst is behind us”!
Trade of the decade:
Short the Dollar, Long the Diabetes treatment sector.
Not the CURE, the TREATMENT (there’s no REAL $ in curing anything).
Go shopping! Mission Accomplished!
@gaspode
thanks for the yes men link!
@LA
What that article fails to mention is the alternative.
The alternative is 10X as bad as the democrats. But its looking more and more like the GOP and the criminals at FOX will get their chance to throw America under the bus.
(Not Yet the Part with Max)
Alex Covers The Upcoming Hit Piece by SPLC & Mainstream Media on The Alex Jones Show 1/4 http://www.youtube.com/watch?v=z1BSmTZtLj0
Alex Covers The Upcoming Hit Piece by SPLC & Mainstream Media on The Alex Jones Show 2/4 http://www.youtube.com/watch?v=O21B_dVAdQQ
Alex Covers The Upcoming Hit Piece by SPLC & Mainstream Media on The Alex Jones Show 3/4 http://www.youtube.com/watch?v=MVGx91pG_Xs
Alex Covers The Upcoming Hit Piece by SPLC & Mainstream Media on The Alex Jones Show 4/4 http://www.youtube.com/watch?v=GZPEcFIguwY
Economic Recovery is Only for the Rich… http://www.youtube.com/watch?v=wbd5RljRARU
@Youri:
wow. Here they go after the pot of money.
FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work with all investors.”
On one New Year’s Eve in center of Moscow, i went out walking in search of an inexpensive restaurant.
On my wandering way, 5 panhandling youths were pestering me for spare change. They said they needed money to buy some food.
Rather than hand them any money (not a safe thing to do anywhere) and being New Years (big one in Russia) I invited to buy them some food -at any reasonable priced place of their choice (I figured they would know where the good, inexpensive Russian food could be found – and what i was looking for).
Shock! All 5 of these Russian youth shouted in unison: “McDonalds!”
I said to them: “No it’s okay, We can go somewhere a little better”.
Didn’t change their minds at all. “McDonald’s!” was the repeat request.
Off we went – to the Stariy Arbat (at the time, not only a historical location, but the “center of coolness” in Moscow).
And this McDonald’s was located right in front of a home of the very famous Russian author – Alexander Pushkin.
Go figure. “Junk food” and “high culture” all in one locale (McDonald’s was serious about the “location, location, location” paradigm …).
One Billion Dollars Spent on New Embassy in London… http://www.youtube.com/watch?v=pFDN8DS6g00
An ironic, German take on Max’s blah blah about GoldmanSachs being Godlike…
http://www.youtube.com/watch?v=rKW-xYTC4Es
FREE MEAL AT MC DONALD’S (REMI GAILLARD) http://www.youtube.com/watch?v=27NX_MMIkLY
@Carmen Azul
Could be the perfect heist. Pension money put in the banks and later blow them up by throwing the hidden off balance debts on them. Can see it coming.
@gordo
No no no no NO!
There are more than 2 alternatives. What I am realizing is that people are not understanding life’s complexities. There are multiple paths that people are not considering.
Here is my good “3rd party” idea – instead of voting for one party or the other, vote for neither party.
(1) whomever is the incumbent, vote the other person
(2) the party that rejects incumbency
(3) the party that rejects special-interest candidates
(4) and a continual voting of the “other” candidate – just vote them out
(5) eventually enough chaos will be created by getting “good Americans” that care about the country as a whole that will not be concerned about a political career – (some economics needs to be done on the ‘economics of politics’ and its incentivization on agents and how that distorts “pricing mechanisms”)
I believe there must be a solution to this path of fiscal insolvency.
Re Bush
Unfortunately many miscalculate this – Bush is not a representative “republican” as his views (as Obamas) augmented once in office. Most conservative thinkers (general population and not “neconservative ideologues”) just desire more personal responsibility from individuals, calculating that individual responsibility leads to health in the individual and freedom (like the give a person a fish, teach a person to fish maxim). In addition, conservatives have a concern for property rights and the use of military and police to protect on a macro/micro scale. (Which grows hysterically, sadly). That is how I have seen it for the non-political person. Everyone confuses what the averages 10s of millions of average joes with these ideologues that have some select interest in promoting more power and bigger government. That interest for power comes from both left and right…ideologues or elites.
FDIC Calls Upon Consumers to Save and Build Wealth – America Saves Week is February 21-28 – FOR IMMEDIATE RELEASE – February 22, 2010 http://www.fdic.gov/news/news/press/2010/pr10035.html
FDIC going broke, needs private equity to start buying banks 20 August 2009 (The New York Times) http://tinyurl.com/m47sly
Could never understand peoples fascination with a piece of unidentifiable ground, processed meat between 2 rounds of soft ultra refined bread, old lettuce and tomato sauce stuffed full of sugar. Americas major cultural exports, McD and a fizzy drink which is kown to erode dental tissue in hours–go figure
@LA
I would agree with you generally.
But what looks like is happening is that FOX and the GOP are managing to co-opt any movement of the people that I see at least here in TX.
It is non stop hate of Democrats and Obama on the radio day in and day out.
All I can say is, I know deep down that the GOP is going to base every policy they make in favor of big business. That is the direction we have been on the last 25 years.
@Gordo
ah, yes I agree with that
@ Gordo
You are correct, FOX with Glenn Beck as their hit man are ensuring that any peoples movement is hijacked by the GOP and neutered before it becomes a problem for the Powers that Be
gold? http://revolutionarypolitics.com/?p=3586
@Gordo
It’s show business. No difference between the Democrats and the Republicans.
McCain and Lieberman nazi law to emprison, torture and KILL, ALL US dissidents is a proof that there is NO difference between the two parties. Democracy will soon be a thing of the past. in the USA. It’s barely breathing. A couple of months from now, you will see raw violence of the state on the innocent falling on ALL dissidents and protesters. Nazi Germany again. And sorry for you SG. You still don’t get it.
Please cut the crap.
Please tell me why they need this program, Marc?
“”In poor communities, there are no grocery stores, so you can’t buy any vegetables, much less organic,” he said. “And even if you had organic, who can afford it?”
http://www.bakersfield.com/news/business/economy/x1029066160/Kern-contributes-to-noble-cause-of-veggies-for-low-income-families
People always make fun of the disadvantaged class according to their diet. Where do you think the stereotypical ‘fried chicken’ comments came from? Class advantage leads to a better selection of food.
If you have an argument, why don’t you try to launch yourself out of your regular rant concerning the ‘other’, a topic which you seem to have both a high regard and little knowledge.
Try walking, really walking, in the other guy’s shoes. You might not even have shoes to put on your feet. And you might find a meal that is high in fat and low in cost a good choice.
Euroland BAR Wall St banks from its bond sales:-
http://www.guardian.co.uk/business/2010/mar/08/us-banks-european-bond-trading
Mike
i used to complain i had no shoes till i met a man with no feet.
Youi
Here come the Americans with their new building now:-
http://www.youtube.com/watch?v=MJZbCNexctc
Mike
when my daughter entered kindergarten 12 years ago she had not eaten at mcdonalds. i considered mcdonalds then, as i do now, as garbage masquerading as food. much to my dismay, mcdonalds coupons were given as reward for achievement. also, the coupons were always for a partial meal; just fries or just a hamburger, never with a drink. foul play.
@whitehunter. half a mcdonalds is better than a full one and none is really good.
@Mike. TOB soon. might get my 28 dollar silver.
@ Mike
LOL the guy driving the space ship looks like a young Max taking on the alien hordes from Wall St!
E coli burgers from a red headed clown should be enough warning.
@ronron
agreed, but, against my better judgment, i would not deny my daughter the “fruits” of her achievement. we would get whatever the coupon was for take it home and compliment it with healthier choices. clearly many people would feel compelled to purchase the missing parts of the “meal’” also a marketing case of getting them while they are young.
“European sovereign bond league tables are now dominated by European banks such as Barclays Capital, Deutsche Bank, and Société Générale, the Dealogic table shows. Their business model is usually seen as more relationship-based, while US investment banks have traditionally been focused on immediate deal-making.”
BARCLAYS??? Barclays is as guilty as sin itself! DEUTSCHE BANK??? What about Siemens? Societe Generale??? Oh, we bailed them out!
Love that European hypocrisy!
HAHAHAHA
@whitehunter. nor would i deny my daughter (got2sons). icecream and beer for sure. no mcdonalds.
@Snoot. you mention siemens. did not know you knew so much. they are a large german organization with a front in car parts. funny you know of them.
either the font got bigger or not working makes you eyesight better.
Huzzah
I received my book, TIME AND MONEY by Roger Garrison, today.
Apparently, this is an excellent summation of Austrian Capital-based Macro-Economic theory…
As well, I went to the Local University to look into applying for the Economics B.A. program…
Now all I have to do is convince them that I am worthy of admission…
Say, Max & Stacy, can I use you as a reference?
I am very excited… FUCK McDick’s !!!!
Ronron
Why TOB?
Max has promised for a year & nothing happened…much.
Mike
@Mike what am i to you. TOB soon. http://www.youtube.com/watch?v=jcnHSZCtm2I&feature=channel
@frances snoot
Europe bought 70% of allegedly American triple AAA fraudulent securitization garbage for which they only can blame themselves.
But I guess if the American banks wouldn’t spill some bailout money to the duped European banks it would be game over for all of them already. Which I would have preferred btw. But the NWO wants to make one big blow later to bring in the world government after which they can start their eugenics “Endlosung” program.
@Liverpool Mike
You think like a TRADER
Max thinks like an INVESTOR…
Your damn TOB will happen once critical mass is achieved…
What is your goal anyway?
To buy London tomorrow?
Forget it…
@chocolate donuts. the TOB is gold 2000000000000000000
WTF I just got junk email from MatLab. Matlab is scientific software for graphing and computing complex functions.
“Basel II Compliance and Risk Management Analysis: Calculating Economic Capital.”
Now Joe scientist can join the NWO.
listen. http://www.youtube.com/watch?v=QzyrO0igH8w&feature=channel
oh ya. http://www.youtube.com/watch?v=R49Qn61D7g8&feature=channel
@ronron
That is RETARDED… (and I don’t mean Down Syndrome… I mean Politician/Hedge-fund Manager)
Gold US$2000?
Sure… in 2011 when the Option ARMs start resetting which will be like whacking the knees of the US Economy with a crowbar (or maybe its lower spine)
It seems unlikely that a new reserve currency is going to come forth, unless the IMF gets their way with the SDR, to which, we will not see any appreciable change in the current system…
So long as the US Buck is in charge, things are going to remain volatile, yet overall sideways, in the Mid-Term…
@Donuts. gold will be at 3000 and the dollar will still be around. bet on it.
@ronron
Gold $3000?
WHEN?!?!?!?!
I can say that 1 Oz of Gold will be worth 1lb of Blue-Fin Tuna…
but that may not happen until Physicists manage to bridge higher DIMENSIONS of our corporal existence…
Ue!!! CAZZO, dimi quando e perche…
@Donuts. buy donuts. i don’t give a fuck. you know me. always upbeat. i think you should sell your metal to me.
GATA appeals to CFTC to act against manipulative shorts
Gary Gensler, Chairman
U.S. Commodity Futures Trading Commission
3 Lafayette Centre
1155 21st St. NW
Washington, DC 20581
Dear Chairman Gensler:
The Gold Anti-Trust Action Committee …..
…
…
Initially we thought that the manipulation of the gold market was undertaken as a coordinated profit scheme by certain bullion banks, like JPMorgan, Chase Bank, and Goldman Sachs, and that it violated federal and state anti-trust laws. But we soon discerned that the bullion banks were working closely with the U.S. Treasury Department and Federal Reserve in a gold cartel, part of a broad scheme of manipulation of the currency, precious metals, and bond markets.
As an executive at Goldman Sachs in London, Robert Rubin developed an idea to borrow gold from central banks at minimal interest rates (around 1 percent), sell the bullion for cash, and use the cash to fund Goldman Sachs’ operations. Rubin was confident that central banks would control the gold price with ever-more leasing or outright sales of their gold reserves and that consequently the borrowed gold could be bought back without difficulty. This was the beginning of the gold carry trade.
…
…
…
http://gata.org/node/8405
Read on … I agree with GATA !
Just amazing IMO that this is allowed to continue !
fill them in @Phil. bye y’all.
metal traded sideways all day so the last oligarchs could shore up there position. gotta go up i think. will see. what do i know?
@ronron
I have no metal to sell you…
hell… I’m trying to scrape together some extra scratch to get a roll of First Majestic coins….
I just believe that making wild predictions without substance is pointless pumping…
Gold $2000, in 18 months,yes
Gold $3000, no… unless a CATASTROPHIC economic event occurs…
but judging from the recent BIS figures for OTC derivatives, it seems the NUKE of CASH is 40-50% depleted….
http://www.bis.org/speeches/sp100303.pdf
The Big Boyz are shooting dry powder right now, overall…
as if the market is TRYING to find its equilibrium amidst the chaos…
There are no Bulls or Bears, right now
the MARKETS are in PURGATORY
awaiting judgment…
@Donuts. cool. i know not much. first majestic incas are the best. got 100. love them. apmex is a better deal.
Max, Stacy? Anybody? Would someone else offer their opinion on this piece from Mish called Papandreou, Sarkozy, Merkel Blame Speculators; French President Sarkozy Says EU Must Support Greece or Risk Destroying Euro; Sarkozy Employs Bazooka
It seems to me that Mish, who has been on Max’s show, opposes the idea that Greece’s problems are a result of G/S predatory actions, i.e. speculators.
@nutti
good luck with the Local Uni’!!!
I’ve just changed my computer with a new one. Maybe that’s why i am blocked to comment on this site. Please, let me post a comment.
Thank you, Stacy.
@Mr Unemployed
I think MISH missed the point
The Greek prime minister said he will fight to ensure speculators don’t undermine his push to restore order to the country’s economy. It’s unjust and undemocratic that his efforts are being undermined “by some ‘kids’ in New York and elsewhere sitting in front of a computer,” he said yesterday.
…
German Finance Minister Wolfgang Schaeuble indicated his government is already thinking about how another Greek crisis can be avoided, saying the euro region should consider creating an institution similar to the International Monetary Fund.
#1 – it’s not just New Yawk…
It is GLOBAL…
Ask Hugh Hendry where he’s pushing his vigilante Hedge-fund bucks…
#2 – the EU HAS a version of the IMF… it’s called the ECB
They are seemingly inept at using the powers they already possess…
The ECB can attack the problem and mitigate the burden across the member nations…
They need to think provincially, not nationally, if they want the Euro idea to actually succeed…
@Guiseppi:
What about the ratings agencies?
It is apparent that the ratings agencies are acting in the interest of their backers. Here is an article concerning the problem in America:
http://www.nytimes.com/2009/11/21/business/21ratings.html
The subprime debacle would not have happened without the collusion of the ratings agencies. These same agencies are now downgrading sovereign debt. Something seems wrong….
@snoots
Qualify the ratings agencies to me…
Who the fuck are THEY?!?!?!?
I look at the problem as if it were Canada…
Let’s say PEI was having debt issues…
what would happen?
The Federal Gov’t would step in and ameliorate the problem as best they could…
the burden would then be spread across the Nation (with Quebec bitching and moaning all the way)…
all for the sake of keeping the illusory union alive…
It sucks, but it is required…
Granted, this PROBLEM is a catalyst that potentially could administer greater powers to the ECB (i.e. politically) than what was originally intentioned…
but who are they kidding?
The whole idea of the EURO was to create a Super-State…
it had nothing to do with economics
“There are three problems with this. First, whatever the status newly accorded to them by the Tories and their friends in the press, the credit-ratings agencies are not economic experts – nor do they claim to be. Second, they get plenty of things wrong. And third, there are serious doubts about the impartiality of the agencies – which have been raised by American and European regulators.”
http://www.guardian.co.uk/business/2010/jan/04/credit-rating-agency-sovereign-debt
Hello?
Qualify the ratings agencies to me…
Would you say they are pawns? I wouldn’t give them knight status, although now it seems they are essential. But pawns are always. Anyway, I compare them to these guys:
http://georgeamarcelo.files.wordpress.com/2008/06/the-four-horsemen-of-the-apocalypse.jpg
than what was originally intentioned…
Well, that’s another arguable point.
@zmoore.. Aha! The makin’s of a joke: You might be a nerd IF.. you get spam from Matlab.
Yeh, more customers of the Steakhouse and banihana, and the likes, are going broke and changing their eating choices accordingly.
Again, I ask
WHO are the Credit Rating Agencies?
They aren’t engineers…
what are their qualifications?
Do they truly have a broad understanding from Proletariat to Rothschild ?
They are Papier-mâché puppets PRETENDING to be useful…
They are losing any respect they had amongst those that can think for themselves…
I personally give them no credit since I have the faculty to divulge whatever information they can procure themselves on the public domain…
Otherwise, they are insider trading, to which, they are CRIMINALS…
Free-Range Serfdom
http://www.youtube.com/watch?v=OMdw24f0XmA
@ Yummmmm ???????????
Food Inc . ?????????????
Hic
@Depression Alert
Statism is not a Philosophy
WOW
I wonder how many Chinese people will actually see that video?
Whooo hooooo Max is on AJ cant wait
Hic
Finsihed Watching Keiser Report Live 2 hrs ago. Nice Show as its is always with Greg Palast and Stacy Herbert the Market Commentator par excellence. Great Disclosures by Palast about US Election.
Intellectual quotien down 4,8%. People eat what they are. Apparently they are nothing.
to hell with the golden arches,
look what’s on rt
Sovereign citizens, of the United States
http://www.youtube.com/user/TheAlyonaShow#p/u/1/hjnQrZ7-Rcg
ok, the messenger is a little different, but the message is interesting
@Depression Alert
Thanks for the video.
Liberty is attained with reason and courage. Do America have this in 2010 ? I believe not. Thus the coming slave state coming in the USA. and across the world. It’s for “your” security against Al-Cia-aida. You should be scared to hell in the USA. You are going to be the first to be transformed in a chineese dictatorship. As each day goes by, liberty will be strangled and persucuted by the same people supposed to protect “freedom” and “liberty”. You can expect naked body scanners about everywhere in your country. Mass arrestation and mass torture in stadiums like in Augusto’s Pinochet Chili are for much much later. They put in place the laws and infrastructure. They attack only the few. And then when the whole neo-con fascist apparatus in place they will strike massively the whole population. No possible Iceland or Greece here. No referendum to refuse paying the banksters. No. Your country, ours and the whole of Europe will indeed be hell holes.
@Frances Snoot
You mean that investors are still listening to the ratings agency ? Incredible. How come nobody is in prison when it comes to these criminal financial organization called US ratings agency ? I stop taking seriously the ratings agency after the ENRON and Parmalat scandal. Nothing is important or serious. The value of the ratings have lost any significance a long time ago.
Mc Mad-Cow sales up 4.8% NO WAY! Hurry, short them, now, stop, just stop eating that garbage! You think coke a colanization is a bad evil company, well coke is at Mc dumps so your supporting two evil’s with one purchase. Short them now, don’t let them hedge the fast food market. Oh and let’s not forget, for those of you who know what Jack in the Box is, yeah, in 1985, they were owned by a Dog Food company by the name of Ralston Purina. Yes, that’s right Dog Food, OH! so that’s whats in those ‘Mystery meat Tacos’, makes sence now.
Will anyone be doing business with the US next year?
Maybe they will be snubbed in a worldwide trade war.
Expensive imports and no one to buy exports. Could be messy.
http://news.bbc.co.uk/2/hi/americas/8556920.stm
Would You Like Ammonia-Laced Pink Slime with That Burger?
Category: Agriculture • We’re Really Fucked
Posted on: January 4, 2010 10:10 AM, by Mike
Too bad. You don’t really get a choice. Is the beef industry trying to turn its customers into vegetarians? From the NY Times:
Eight years ago, federal officials were struggling to remove potentially deadly E. coli from hamburgers when an entrepreneurial company from South Dakota came up with a novel idea: injecting beef with ammonia.
The company, Beef Products Inc., had been looking to expand into the hamburger business with a product made from beef that included fatty trimmings the industry once relegated to pet food and cooking oil. The trimmings were particularly susceptible to contamination, but a study commissioned by the company showed that the ammonia process would kill E. coli as well as salmonella.
And this ‘beef product’–which isn’t actual meat, by the way–that was “once relegated to pet food and cooking oil”, who EATED it? Guess (italics mine):
With the U.S.D.A.’s stamp of approval, the company’s processed beef has become a mainstay in America’s hamburgers. McDonald’s, Burger King and other fast-food giants use it as a component in ground beef, as do grocery chains. The federal school lunch program used an estimated 5.5 million pounds of the processed beef last year alone.
I suppose it’s not as bad as spiking school lunches with lead. It’s very Solyent Green sounding. Actually, Solyent Pink:…… cont..
http://scienceblogs.com/mikethemadbiologist/2010/01/would_you_like_ammonia-laced_p.php
Peter Schiff will now be a regular, twice a week, on Fast Money on CNBC.
Remember when they used to laugh at him?
@A Who
People want to eat shit. Let them eat shit and die. That’s it. I don’t accept the current bullshit that people eat that way because they eat what they can afford.. They are poor of culture. It’s clear that the conditionning to eat junk food is well installed. I don’t eat hamburgers. I don’t drink soft drinks. I am not particularly rich. Yes I am but on a cultural basis. I prefer not eating than eating at McDonalds. Let them eat the manure and die. It’s like drugs. You want to sniff cocaine and shoot yourself with heroine. What do I care if you yourself like to treat yourself like a waste dump. What’s horrible with McDo is that they have understood that if you condition the kids early in like, you have them hooked and drugged for the rest of their lifes. Exactly like freakin drug pushers. People have brains. They don’t want to use it. What can you do ? Save yourself and save your family and try to educate. It’s corny but it’s the only solution.
Max and Stacy,
I am a huge fan….huge! I listen to all you and stacey put out. From “karma banque” to “truth about” to “christ church”, you two are great. As a fellow New yorker I feel such a connection toward you. You are an amalgamation of so many close people in my life. Thank you for all your work and honesty!
I am responsible for managing my mother and aunt’s retirement money. I have physical precious metals (I know you have said your average gold price is , 444 if I recollect….mine is a bit higher), mining shares and too much cash (dollars, swissies, and SGD). Knowing your unified theory of Inflation/deflation and fearing another crash in the equity markets (various reasons) How would you allocate a 6 to small 7 figure sum of cash if you had to do it. I am in the nerve racking position of trying to make sure my mother and aunt’s retirements are somewhat easy given a world with no interest. I know you are not giving investment advice but if you were speaking about yourself in this situation how would you allocate it. I value your input as I need to put together a plan and act on it. In a world full of charlatans I am suffering from analysis paralysis and don’t know how to structure the asset allocation.
Thanks in advance for reading this
“tell the people”
warmest wishes
Jim
Hello Max Keiser, I enjoy listening to your work and Thank You for what you are doing.
Are you aware of Patrick Wood? http://www.augustforecast.com/ and his work about Technocracy
articles
1. Carbon Currency: A New Beginning for Technocracy?
http://www.augustreview.com/issues/technocracy/carbon_currency:_a_new_beginning_for_technocracy?_20100125155/
2. Smart Grid: The Implementation of Technocracy?
http://www.augustreview.com/issues/technocracy/smart_grid:_the_implementation_of_technocracy?_20100222156/
first user created promo youtube for one of their projects on PMF
http://www.youtube.com/watch?v=rhh5wbcEslY
Liberty is attained with reason and courage. Do America have this in 2010 ? I believe not.
@marc:
Dogs are trained with reason and courage. Liberty is attained through feeling:
“Among so many baser influences, the general and obvious interests of society have of course had a share, and a large one, in the direction of the moral sentiments: less, however, as a matter of reason, and on their own account, than as a consequence of the sympathies and antipathies which grew out of them: and sympathies and antipathies which had little or nothing to do with the interests of society, have made themselves felt in the establishment of moralities with quite as great force…
But there is a sphere of action in which society, as distinguished from the individual, has, if any, only an indirect interest; comprehending all that portion of a person’s life and conduct which affects only himself, or, if it also affects others, only with their free, voluntary, and undeceived consent and participation. When I say only himself, I mean directly, and in the first instance: for whatever affects himself, may affect others through himself; and the objection which may be grounded on this contingency, will receive consideration in the sequel. This, then, is the appropriate region of human liberty. It comprises, first, the inward domain of consciousness; demanding liberty of conscience, in the most comprehensive sense; liberty of thought and feeling; absolute freedom of opinion and sentiment on all subjects, practical or speculative, scientific, moral, or theological. The liberty of expressing and publishing opinions may seem to fall under a different principle, since it belongs to that part of the conduct of an individual which concerns other people; but, being almost of as much importance as the liberty of thought itself, and resting in great part on the same reasons, is practically inseparable from it. Secondly, the principle requires liberty of tastes and pursuits; of framing the plan of our life to suit our own character; of doing as we like, subject to such consequences as may follow; without impediment from our fellow-creatures, so long as what we do does not harm them even though they should think our conduct foolish, perverse, or wrong. Thirdly, from this liberty of each individual, follows the liberty, within the same limits, of combination among individuals; freedom to unite, for any purpose not involving harm to others: the persons combining being supposed to be of full age, and not forced or deceived.”
http://www.utilitarianism.com/ol/one.html
ON LIBERTY
by
John Stuart Mill
(1859)
Marc:
You presume to place your ‘class of interest’ over others. It is a preference borne of class. You insist that the poor do have access to equitable food when they do not. You confuse liberty with rational action.
Liberty that is not born of individual feeling is at once mimetic function and continues less from spontaneous impulse than from learned application. I cannot define liberty for you, nor you for me. Mills understanding is rightly born in that the liberty cast by the upper class upon the poor is one of tyranny.
They ‘care about the poor’. The poor needs be protected from their own interests. One class of men defines ‘shared values’ for the rest of humanity. These values proceed not from a religious base but from an expediency for capital profit. The goal: a free trade zone from the Atlantic to the Pacific.
I lived in Asia for years, now I’m back home in NY and have been job-hunting for 7 months — when I go on interviews or walk around Manhattan placing my resume, I usually bring a bag lunch. But occasionally I run out without my lunch, and when you only have $5 in your pocket for the day, you WILL eat at McD’s, no matter what promises you make to yourself otherwise. Now I have really come to sympathize more with a lot of poor obese families who eat the cheapest food they can find to stretch their dollars, and it’s sad that some comments here are so stonily and willfully unsympathetic.
@namarama (&frances snoot)
“It’s surley cheaper to eat fresh food cooked at home than eat at McD’s.
at least it is here anyway!”
I can tell you for a fact that it is not cheaper where I live (North Bronx in New York City) to buy groceries. The food at McD’s is garbage, and is therefore priced accordingly. You can have dinner for 4, if you are selective, for $20. Or you can take 2 buses to the big-box supermarket, and good luck with a $20 bill in your hand for groceries.
I recently went to the home of a couple I know in Harlem, and their two small kids dragged me excitedly over to the fridge, opened it, and said, “Look how much food we got!” Turns out the father has been approved for food stamps, so the family had a special treat — a trip to the local Pathmark supermarket!
And one other thing — knowing how bad the stuff is for you doesn’t make you any less hungry; you buy the most protein, the most filling thing you can with the money you have. A couple of apples or a BigMac? After I saw “Supersize Me,” I told myself I’d never eat McD’s again, yet now because of my situation, I sometimes do.