Stacy Summary: Wow, great piece by Janet Tavakoli. We definitely need to get her on the show to discuss. And, to all the Irish people out there, at your insistence, I have contacted David McWilliams! You can, too, if you want to demand he appear as a guest on the show.
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The problematic is the Bretton Woods institutions have infiltrated governent function. The TBTF are not in power: one will see them fall. But if we don’t concentrate on limiting the powers of the sovereign banks declaring themselves authority through the G20 governing structure, we limit our own freedom and our livelihoods.
It is incredibly myopic to ignore the reach of those who control nation/state currencies, banking regulations, and finance ministries. To declare those subject to the regulatory actions of sovereign banks as the enemy is to declare oneself an adjunct of those same sovereign entities born of Bretton Woods.
Bretton Woods 2? That would be the sdr/reserve system under the tutelage of currency masters.
@John Henry
Excellent comment. That’s it. No one is going to stop them. Actually if one person could, I think it would be Max K (& Sherbert) in Europe. Can they wake them up? Who else in Europe is explaining to the beignet eaters what is happening? If all of Europe refused to pay, or submit to the (loan>)shake down>sell out national wealth>debt slave routine would the US get the message before they arrive here. I hate to be pessimistic but that leads me back to your conclusion…
“Janet’s right, of course.
Having proven to themselves and to the world that their decade long installment plan purchase of Congress and all regulators has worked like a Swiss watch. The TBTF banks and investment banks have moved from coveting our paper dollars, to which they now have infinite perpetual access, to seizing the national wealth, in the form of the gold reserve.
If your scam had succeeded with impunity the way theirs has, wouldn’t you move on to scamming something else valuable? Who’s to stop you? No one. Congress is captive. It’s over. Bye now.”
Jim Sinclair on this:
Dear CIGAs,
The gold buzz today was CDS winners demanding payment in gold.
The major weakness of this thought is you can’t demand anything except what the contract calls for at inception.
Novation or unilateral changing or cancelling of a contract is against contract law internationally. This sounds good but lacks legality and functionality.
Nobody knows what collateral if any is required between counter parties trading CDS OTC derivatives.
Yes gold is good collateral for anything and accepted by some exchanges, but it is one hell of a reach to consider all CDS transactions to have gold as collateral. They simply do not.
max, i’d love to go on your show, whats the next step? D
@Frances
Don’t get me wrong here. I share the same disgust than you for Deustch Bank. Their balance sheet is horrific. A stinking corrrupt firm. Mister Ackerman no problemo is paid huge sums of money like Jamie Dimon to steal and massively fraud. They could also go under.
==========
The Continental went to zero
http://en.wikipedia.org/wiki/Continental_%28currency%29
==========
The Zim Dollar is declared to be non-existent.
The same thing happened with the Continental — more or less.
EU throws in the towel and prepares itself for the bankruptcy of Greece.
http://www.lexpansion.com/economie/actualite-economique/le-fonds-monetaire-europeen-sera-capable-d-organiser-la-faillite-de-la-grece_228243.html
100
Janet’s right, of course.
Having proven to themselves and to the world that their decade long installment plan purchase of Congress and all regulators has worked like a Swiss watch. The TBTF banks and investment banks have moved from coveting our paper dollars, to which they now have infinite perpetual access, to seizing the national wealth, in the form of the gold reserve.
If your scam had succeeded with impunity the way theirs has, wouldn’t you move on to scamming something else valuable? Who’s to stop you? No one. Congress is captive. It’s over. Bye now.
I listened to the interview posted on HuffPo… gotta say, “Janet, you Rock!”
yes. Janet Tavakoli and Brooksly Born if possible.
The US treasury claims that “our” gold is worth $45 an ounce!!! Does this mean that the dollar is worth approximately 24 times more than it is currently valued at compared to other major currencies ??? For instance is the Euro really only worth about 6 cents? I’ve read this $45 dollar per ounce figure many times but never an explanation. Perhaps we don’t have the gold and if we did sell all our “public” gold it would bring the equivalent of 45 dollars an ounce!? That is we only have 1/24th the amount of gold that we claim to have. I’ve read that we cannot audit our gold hoard because it would be too expensive, $3 million. WTF!
@Sherri Young
Bingo. More on Goldman vs. JPM . . . http://ccun.org/Opinion%20Editorials/2010/February/1%20o/JP%20Morgan%20vs.%20Goldman%20Sachs%20Why%20the%20Market%20Was%20Down%207%20Days%20in%20a%20Row,%20January%2021-27,%202010.htm
@marc:
My bad.
@Snoot
I am more like Beethoven. Wouf ! Wouf ! Remember that film. The kids love Beethoveen. They think he’s a Saint-Bernard dog.
@ Stacey
Have you heard from David McC yet? I just another reply asking how does he contact you guys. So am giving him Max’s email address.
Its looking good!
michigan. http://www.freep.com/article/201003081206/NEWS06/100308030
max is everywhere. http://www.brasschecktv.com/page/821.html
@Marc:
I did find it a stunning likeness of you. You are quite the athletic pup.
@GoldmanSachs:
I know you are a bank, but you are now become an entity. Your name is plastered on the graffiti-strewn comment boards as the angus of evil and the proprietor of all ill-wind upon the planet. I truly admire your omnipresent capability and your willingness to stand-in-the-stead for the humans that operate your systemic filth. Your name has become the meme for idealized American consumerism and greed. Way-to-go.
sincerely,
Aspiring student of evil.
…good interview on Alex Jones Max.
Man you nailed the high notes.
I think your balls are just too big to drop.
Encore…treble encore!
The new Obama pension fund.
A hole in the ground and a cheap pine wood coffin.
bye bye pension. http://www.businessweek.com/news/2010-03-08/failed-banks-may-get-pension-fund-backing-as-fdic-seeks-cash.html
@Frances
No connection between price and value. None. I like my photo. Dont’s forget in Québec we are seen as all “terrorists” because of our french ancestors. After 911 a moron journalist from New-York Times pretended that the terrorists were all french speaking Algerians coming from Québec. Naturally it was not true. Most of them came from Florida and were bastards from Egypt and Saudi Arabia and spoke english. I don’t really consider myself Canadian. I am apatric today. Canada has ceased to exist a long time ago and is filled with traitors working for the globalists. Canada was never a real country. It started as french colony, then a british colony and today it’s a Goldman Sachs colony.
What would the world look like if we all wake up tomorrow and there were no derivatives?
What do a nation risk by being the first to ban derivatives?
What social benefits do derivatives have? I see none.
It doesn’t build anything, it doesn’t create jobs.
Derivative has no intrinsic value, it derive its value from something else = it come from nothing, it can go back to be nothing, what have we lost? nothing! If Monty understands it, why can’t we.
AS long as he don’t sing!
Mike
@rich – yeah, I was thinking the same thing . . . maybe he’s being waterboarded?
….Max sounds like he is laying in a bathtub.
@Stacey
hahaha must be the luck of the Irish and all that (or my mail came in later than yours and he’s going through his mail, starting from the latest!). Just mailed back and gave site details etc
Well I hope it gets the ball rolling for the show!
@everyone: Max is on Alex Jones for the next 60 minutes…starting right now.
@JT – that’s funny, I haven’t heard back from him yet! Well, hopefully, more of you Oirish will write to him and tell him to write back to us . . .
What Max…………….who had the biggest pair?
Mike
@Stacey, Max
I just got a reply from David McWilliams saying he would go on the show!
So I recommend that you contact him through his website at :
http://www.davidmcwilliams.ie/contact-david
Hope this helps!
Pissed off Irish man!
P.S I’ve a case against my previous employers (public sector) in two weeks to get my job back under the fixed-term workers act 2003….wish me luck guys!
MAX i am surprised you engage in HuffPost, maybe for the very soft pearly porn.
@Max
Hey ! It’s just plastic and silicon. Nice inflatable doll.
well ill take the deal, ill paY IN GOLD if the usd crashes, base don the new price of gold in a collpased usd. say $100 trillion USD an ounce you have a deal ill cover your $100 trillion deriviatives
Is Goldman Sachs going to run Manchester United?
http://www.soccerblog.com/2010/03/is-goldman-sachs-going-to-run.htm
……ugh.
Thanks for contacting David McWilliams Stacy.
explanation. http://eclipptv.com/phpBB/viewtopic.php?f=3&t=95
Price?
What connection between price and value?
Ha, who is it who thinks AIG (or any financial institution for that matter) could pay out in any currency, let alone gold, if the US defaulted?
If someone who owned gold were selling the CDS’s I might be interested but otherwise what would be the point of buying catastrophic cover from a someone who couldnt pay if it happenned?
If people feel there is a US Default Risk, they will choose gold and the price will balloon anyway.
I finally found something interesting about last night’s Oscars
http://www.huffingtonpost.com/2010/03/08/oscars-breast-dressed-who_n_490173.html#s72898
BNN gets perspective on Iceland’s referendum and finds out what it means for the markets with Jon Danielsson, professor, London School of Economics.
http://watch.bnn.ca/#clip273600
From Jesse:
“It struck me that this is not unlike the condition of the United States, from bright light of the free world”
Was that in-between the rum slave triangle and the Indian massacres? Must have been a lightning flash of light what with our ‘manifest destiny’ written by ‘god’ indicating the need to mutilate and destroy nature and nature’s beings.
Gold back Ameo has been around before Max, it didn’t happen.
Mike
so, like, the real estate market is like, 30% over valued at the moment . . . at least;
http://www.nytimes.com/2010/03/08/business/08short.html?src=sch&pagewanted=all
Murder Inc. at the FDA and Astra Zeneca
http://www.alternet.org/story/145892/are_veterans_being_given_deadly_cocktails_to_treat_ptsd
Another anti-depressant story given to the Irak war veterans to kill them. No problemo for the Fascist Drug Administration. The Pentagon “911 truther” “terrorist” was on one these demonic anti-depressant drugs. So were the Columbine killers. All these slayings are related to these anti-depressants. All of them. Murder Inc.
@Harry. thanks. buy buy buy. metal now.
Another little clip, to get everyone all jeered up!,..hip hip horraaay!! : )
http://www.youtube.com/watch?v=qtYnk7Pnnpc
@Max and Sherbert: though your presence on Russia TV and On The Edge radio programs and the various other interviews you attend is wonderful…I still believe that before the year is out a Three city multi day satelite broadcast with the many outspoken folks who realize the fraud and heist is taking place might awaken so many more before the “enemy belligerant” category is inflicted on most of us would be dissenters… …I could name a few potentall participants, but you know who I mean and who you are comfortable with…Janet Tavikoli is just one..I particularly like her “meth lab” analogy to the boiler room mentality of the derivatives traders….if it appears that derivatives are not insurance and not formally regulated as insurance then she is spot on and all written products need to be canceled…and definitely not satisfied in gold!!
Jump Canada! Jump! Good boy. Now, heel. That’s right. Good Boy!
@Marc:
What are you the oracle of the Canook Kingdom aka Queen’s purty-doggie? Oh, there you are now!
http://www.ewe-topia.com/gallery/corgi%20jump.jpg
Jberni’s latest: http://www.youtube.com/watch?v=Q6emo-2209Y
USA financial system is a terminal cancer and the US administration isn’t better. You as Americans, will be eaten alive by your government and by your banksters.
I think Deutsche Bank is just as henious, Marc. Don’t gag.
@WL:
He uses the same phrase Tavakoli used: “endgame”, and calls it inevitable. Five-year inevitable collapse of the “dollar paper standard”.
anno domini endgame
http://thekomisarscoop.com/2010/03/the-ice-age/
the TBTF banks are setting up s clearinghouse for derivatives…located in ATL, GA, and owned by Intercontinental…isn’t that the same oil contracts clearinghouse??? I guess they wanted enough time to formulate this entity and then have Congress write the rules so as they collect more and more fees….$700 trillion to $1.5 quadrillion is a lot of paper to bring back to the books…Ms Tavikoli merely suggests that the winning CDS contracts will/might be payable in gold…her only concern is that it might play havoc witht he gold futures market price…well what about those tungsten bars??? what about the over production of ETF contracts in proportion to the real amount of available gold…What would the financial world look like if the insiders had actually paid off the $11 trillion in US mortgages and the private credit card debt?????? One can only wonder…yet the folks in Iceland and Greece are getting the picture…they call it fraud…Keep yelling RISE UP!!!!!! Waiting for your appearance on Infowars.com today…aim for the jugler…
One firm with naked derivative exposure many times the US Gross Domestic Product. Satan. Nothing else. I am no religious freak but when it comes to JP Morgan you know that this firm is the incarnation of Satan in flesh and blood. “Too big to fail” and “Too big to save”.
gold silver and oil. i keep hearing this. hahaha http://www.atimes.com/atimes/Global_Economy/LC06Dj01.html
About JP Morgan. Off the bat, if I recall the TOTAL naked derivative risks on the balance sheet of these godamn gangsters JP Morgan, corresponds to 2 or 3 times USA’s GDP !
We want Janet! Janet! Janet! Janet! And William Black. And Elizabeth Warren. And Michael Lewis. Hot Dog, Corndogs, it’s gonna be great!
JP Morgan on the verge of being wiped out of the face of the Earth. I am more and more certain of it.
Re Gold
Somehow missed this vid
christopher wood … US dollar collapse end game
http://www.cnbc.com/id/15840232?play=1&video=1428324968
Good, Fuck JP Morgan. All of you buy some physical gold and destroy JP Morgan, that satanis organization. Good ! Excellent news ! That’s why Soros and Paulson are buying gold like crazy. If it can call these mother fuckers from JP Morgan, the principal inventors of that derivative nazi crap, it’s an excellent piece of news ! It’s the best news of the Century. A gold squeeze on JP Morgan. Fantastique !
@Sherri Young
Care to put a little wager on that.
@Gordo:
We’re headed to chaos, one way or the other. Isn’t chaos always dangerous? The power that is advancing the chaos hopes to have their trade-currency rise like a ‘phoenix’ from the ashes. I don’t think they can control this: but they surely aren’t going to stop now.
Hubris deludes great men: that is the story called history.
Oops. Sorry about the choppy wording. I’m trying to type and run out the door. I’ll try to do better proof-reading before posting in the future.
The more I think about it, the more convinced that what Janet T is seeing is the activity of Goldman trying to knock over JPM. Look at what M&S said transpired with SemGroup. Goldman saw SemGroup’s futures positions and used that data to put on trades that caused a spike in the commodity price and thereby killed the company. Here we are again. JPM is the big player in the gold derivatives arena. They are concentrated, so should be vulnerable if ever absolutely required to settle in the physical. With so much of the physical being held by the likes of Soros and John Paulson, JPM may be cornered. We already know that John Paulson has previously aligned his interests with those of GS.
I can’t see this any other way than that GS is after JPM. Count on it.
Mark my word.
@frances snoot
I see what you mean.
As controlled by private corporations as the government of the US is, I do not think they will let it default in that manner. (where the USD in no longer a unit of account)
That would be dangerous
this feels like the calm before a storm.
@Sherri:
Tyler (pen name mind you) wrote:
“The conclusion is that suggesting that both sides of the trade would be willing to do it should the trade be denominated in gold is alas, absurd”
There is nothing denominated in gold so Tyler’s assumption is absurd.
@Gordo:
I wrote that when a number (unit of account) approaches zero it meets resistance. But that doesn’t guarantee the dollar will continue to function as a unit of account. If the corpus US .gov defaults then the dollar will no longer function as a unit of account.
We are talking about sovereign default, not hyperinflation.
The moves to ban cds make one wonder if that is where the US is heading.
Mikes TOB?
The Continental went to zero
http://en.wikipedia.org/wiki/Continental_%28currency%29
What do y’all think? Tyler Durden points out that JPMorgan could get hurt in a gold settlement for CDS game. We’ve heard that London is forcing cash settlement at a premium rather than physical delivery. Doesn’t this look like a chance for Goldman Sachs to move in and kill one more competitor? Would the Fed intervene to save their precious friend JPM? How could this play out?
BTW, I think Tyler Durden forgets that the global markets are battlegrounds full of weapons, not businesses with investments based on fundamentals. It’s not about growth. It is about the kill.
@frances snoot
I think you answered this yourself once in one of your comments to me.
Nothing goes to zero.
You are right, there will still be value in the dollar it will just take a good haircut.
“galactically bad idea” “financial meth labs”
I like her, and she has a preddy mouth , she gives a calm and confident interview
and max will like her she is wearing a pearl necklace
Time for blast off?
http://www.321gold.com/editorials/chan/chan030810.html
@Stacey
My bro just recommended getting the Kaiser Chiefs on!!!
“Max predicts a riot!!!”
@Stacey
Great work! Get David Mc on…wooo hooo
Another to join our ‘gang’
Got Gold?
New currencies being created in the mid-east will have a gold component.
Chinese, Indians, Russians. . . . all increasing gold positions.
Rich hedge funds like P.J. Jones, Soros, and John Paulson dramatically increasing gold position.
also, I have some inside info. re: Janet T. She is working on a new story about the gold ETF, GLD that should be out soon (if it is not already out).
Didn’t anybody find that link yet? I’m really curious how the ‘end game’ would resolve cds on US sovereign debt in gold. I mean: what would the gold be priced in? Janet indicates that the euro being ‘off’ made the greedy buggers ask for gold payment. How does that make sense? If the US government defaults then the dollar would be worthless and the payment in gold worthless.
Right?
Do I just ‘not get it’? I guess you ‘get it’ or you ‘don’t get it’. It doesn’t have to make any sense, right?
And why do Nathaniel Rothschilds, Angela Merkel, and Tavakoli agree? I wouldn’t want to be in that happy throng!
@Phil/Germany:
Do you honestly disparage Americans? How can you indicate it is okay to use the acronym ‘piigs’ and then downplay Americans against the Greeks. Are we less than piggies in your estimation? Are expat American’s ‘okay’?
@phil…you’ve got to be pretty imaginative to read anything into that statement….I was expecting him to finish with the traditional “May you live in interesting times…”
Max on Alex Jones today. Not scared of being compared to as a crakpot by the terrorists journalists at CNN and FOX ? Courageous bunch you are all.
China Alters Tone on Exchange Rate Policy, Signals Shift
http://www.youtube.com/watch?v=Okyir3CZSbo&feature=sub
@Phil
Too much mercuty and fluoride in the brain. It’s useless. The brain is dead in the USA. No hope for that. Europe still eats a little bit better than USA. I really think that the average American today is so much drugged and stoned that the Nazis on Wall Street can about anything. Having 3% to 4% of the active population permenantly in prison also helps alot to control the cattle.
Correction@ So why are these Banksters in jail as Max rightly said ?
So why aren’t these Banksters in jail as Max rightly said ?
( of course )
Forget demanding gold. The way I see it; the CDS holders are people, and people can die. And that’s what’s going to happen on a grand scale if these scumbags bring down the world economy.
Tavakoli is a legend. I bet she gets a proposal a minute.
@Stacy …. “; it is often the guy who takes out an insurance policy on his wife or brother or mother, whatever, that ends up being the one who murdered the victim”
LOL .. I was going to post words to that effect as well … but am a bit lazy.
Yes, if you yourself took out 5 insurances on your own home … and it suddenly burnt down, guess what : you’d be the #1 suspect.
So why are these Banksters in jail as Max rightly said ?
.. and as Marc just said : because they effectively own Congress !
@Marc Authier … The Congress and the US government IS the PROBLEM.
Yes, of course.
But are the Americans as brave as the Greeks ?
So far , the Greeks and Icelanders win in my book !
@Phil/Germany – in the hundreds of cop, detective, csi, murder mystery stuff I have seen over the decades; it is often the guy who takes out an insurance policy on his wife or brother or mother, whatever, that ends up being the one who murdered the victim
We must ban Washington first before banning the CDS. It won’t happen. The Congress and the US government IS the PROBLEM.
Some quick fixes :
#1 Insurances should only be allowed on the physical assets you own .
i.e. CDSs suddenly become void for those holders that were “speculating”
#2 Hedging derivatives , e.g. Puts, Calls .. again only if you own the physical asset ( stock paper, metal etc. )
#3 Shorting .. only allowed if the stock owner gives you “specific permission”
The whole metals and commodities exchange has become a casino that has NO LONGER ANYTHING TO DO WITH supply and demand of physical goods.
It is really so simple … enforce the rules with no exceptions ( like BigMoney Banksters )
Stock up on soap bars.
Janet is being very diplomatic IMO !
She said she feels “they” are “misguided” !
Well, I can think of a better adjective !
As to FDIC savings being OK … no need for a run on the bank ..
.. well yes, sure … you’ll always get the paper dollars back , but what will they be worth ?
Otherwise , I’m still a fan of her’s !
This sounds like serious shit – Miss Tavololi is no drama queen and I believe would not mention such a possibilty without some serious evidence
These CDS barbarians are willing to bring down whole civilisations in order to make a killing
I detect the aroma of George Soros.
I was implying barter. Sex for a bar of soap. In sum hydepression or hyperinflation. Bah both like in Argentina.
@Marc:
You promise us hope when the US is no longer a viable sovereign. Well, where is it?
If currency is ‘of no importance’ then what will people use to engage in exchange of goods and services? Do you believe there is no plan in place to assuage the world once the dollar is toast?
I’m not hoping for a link to verify Tavakoli’s assertion, because there most likely isn’t any. The world is positioning a new global order in which gold as currency will likely become an anachronism.
@Snoot
Love and Compassion based currency. Currency will be of no importance soon.
Enjoy your day Snoot.
Sea Shells.
We will have to see more middle class Americans, Canadians and Europeans ruined and raped by these godamn Nazis to see things changing. For my case I absolutely expect eventually being ruined. Enjoy your freedom while it last. Nazis bastards from Wall Street. Yeah Nazis scumbags.
@Marc:
What form of reserve currency system do you endorse following the ‘belly-up-US’?
Well, Nathan Rothschild agrees:
http://dealbook.blogs.nytimes.com/2010/02/22/nathaniel-rothschild-calls-for-ban-on-sovereign-c-d-s-s/
It only proves that USA is the real terrorist and rogue state in the world. Hope the place goes belly up. Yeap. I know. Being Canadian we wil be getting in the butt. I know. But it’s worh it. Get rid of that terrorist state called United States of America.
They ruined the world and the USA with all the “financial innovations”. Yeah exactly like Nazi Germany.
“U.S. credit default swaps currently trade in euros. After all, if the U.S. defaults, who will want payment in devalued U.S. dollars? The euro recently weakened relative to the dollar, and market participants are calling for contracts that require payment in gold. If they get their way, speculators on the winning side of a price move will demand collateral paid in gold.”
I looked but cannot find the confirmation for this assertion. Does anyone have a link so I can read more about the ‘gold payment for credit default swaps on US sovereign debt’?
@Y’All
Up on the THREE!!!
Wow. I wonder how she links these derivatives to gold, aren’t they denominated?
@Y’All
On The ONE!!!