Stacy Summary: Guest this episode is Joe Weisenthal of Business Insider.
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looks like this guy hasnt brushed his hair since 1990 ffs .
I find the podcasts more interesting than the tv shows as the guests provide no new info . i already know what they are going to say because max and stacy have discussed it 6 months ago .
Oh dear, what’s the point of having a bought and paid for fella like Wiesenthal on the show. he gets paid to cover the real culprits. Having said that, as we’re having a democracy, it’s porbably only fair of you.
Dear Max and Stacy,
there is a prophesy in the Old Testament : Isaiah-2:20
“In the late days of the world people will give away their gold, silver and wealth
to the bats and moles”.
Please quote the above verse in one of your programs, with the interpretation.
e.g. 1) Late days would mean “these days”, could not be later than this.
2) People using fake paper, in lieu of real money = gold & silver.
3) Bats & Moles, both are creatures of darkness. Darkness means absence of Light, light is a simile of knowledge of Truth. Truth as in Scriptures, inspiration to Apostles, believed by billions, since ancient times, unchanged, i.e.
The real and universal Law, that banned u$ury.
Bats, we know, as vampires, dracula, sucking blood, energy and life sources, hooking humans and institutions into debt, a milder form of death, mort-gaged.
Moles, are the pimps of the $ystem, herding the masses to the black-hole, the fiery deep under the hyp’no’tick pyramid-(a furnace, with fire in the middle).
This guy weisenthal sounds like he’s been paid by Goldman Sachs.
Blaming Greece’s fairly small internal piccadillos on the obvious orchestrated take down of their financial system.
It’s like, “you were raped!, Well, your skirt is a little too short lady”. Hey, the rapist is just responding to you appropriately!…..sheesh.
Seems like Joe misses the big picture for the short term “outlook”. It must be that the long tousled hair is disturbing his psychic field receptors. & The best headline? perhaps that was some previous headline? Or I missed something. Of course I have to respect a guy that hates ironing as much as I do.
Part 1 was definitely the best. You two really know how to bring these infinitely incomprehensible events down to the earthly realm for us. Of course I’m probably just not religious enough to understand. I didn’t understand what Blankfein was talking about doing God’s work. I didn’t understand where all the money went either. Maybe he would come on the show to explain to us if there will be a second coming? I’d like to be there to get some back.
Re: my earlier comment, I left out ‘under a bus’.
Max what is the matter with you? When you are with Stacy (before the ads) you castigate the CDS culture (rightly in my view) for the ponzi scheme that it is yet when left alone with Wiesenthal you blame corrupt governance. Of course all governments are corrupt but at least there should be some element of representation to justify their existence. But nothing can justify the INSANE cds culture. There is no need to pander to Wiesenthal’s hatred of government and abandon a direct attack on the system when you can bet your bottom dollar the Greek government is much more legitimate then that of the US.
I really like this show and the content, and you both are great……just a little 2cent advice is to get a haircut and a makeover, as people are superficial.
Anyway as I said, I check this site daily, and like the content.
PR,
Canada
Max and Stacey,
Would you please give us an explanation by way of reconciling these seemingly contradictory ideas that we are going to have massive deflation while at the same time the value of the USD is going to keep going down. If you define deflation in Austrian terms, then by definition you are saying that there will be less and less money created, or hitting the real economy, and if that is so, it is hard to see what will in fact going to make the USD and other currencies worthless. Thanks.
Yeah – right – the hair…
very important, even more than the make up
content – not so much
Have run thru a few comments and none, NONE!!! HAVE MENTIONED THE HAIR! I mean, WHAT IS WITH THE HAIR of this JW fellow? Max has wild hair, “Tyler Durden” has hair that looks as though he has had an electrical encounter with
Tesla, but nothing I have seen in the financial blogosphere comes anywhere close to the HAIR of this Joe Weisenthal character. One must ask ones self, “what does this hair mean”?
On second thoughts – they all perfer to screw sheeps, don’t they?
@ Wahrheit – not as much a female (we have had lots of those) but as a lesbian.
What I really want to see is a necrophiliac ,or possibly someone who perfers sheep.
@s.herbert
yeah, I was gonna mention the lighting… especially after looking at The Oracle clip where you seemed slightly overlit… but I’m gonna say it again… you two have a nice worfree holiday, if only to stop me from being worried for youse… plus y’all look so good in shades!!!
Good show, altough I thought you went a bit easy on the guest, he needed a good shove.
@ stacyherbert
we kid because we care….or maybe because we are cruel arrogant Sods who live quiet lives of desperation….devoid of meaning and purpose so feel this overwhelming need to attack the minor flaws of our betters.
or we could just be bored
@SG @chArles – in any television, film or photograph it will always be the lighting and not the makeup that creates the most flattering, or unflattering, image; in this case it is a problem with the studio we use; shining light from the side as they have on him shines a most un-flattering light and shadows, but the editor needs it as such in order to key the green screen . . . same reason I can only wear a very narrow range of black
@ SuperGeek
It ain’t the make up artist fault….there are limits to what one can do
secondly
they all appear like drunks or drug addicts because they are
I’m curious why they all are going bald or are bald even the females.
@Y’All
Hey, joe came across like someone who is still recovering from a really heavy knock to the head…. uhm, why do most people who have anything to do with finance look like they are hitting the bottle really hard!!!
Military Families Are Targets of Predatory Lending http://www.huffingtonpost.com/jason-alderman/military-families-targets_b_493456.html
Obama Foreclosure-Prevention Plan Lagging, New Data Shows (EXCLUSIVE) http://www.huffingtonpost.com/2010/03/09/obama-foreclosure-prevent_n_492376.html
Still No Recovery in Housing http://www.huffingtonpost.com/barry-d-wood/still-no-recovery-in-hous_b_493501.html
Kansas City School Board Closes Almost Half Of City’s Schools In Face Of Bankruptcy http://www.huffingtonpost.com/2010/03/11/kansas-city-school-board-_n_494670.html
@Y’All
uhm… yeah, yeah it’s perverse… I’ll tell you summin perverse… that’s been buggin’ me for a couple of weeks… why do the make up artists for RT always make Max look like a thousand year old anemic vampire!!!
Nouriel Roubini: Beware Of A Double-Dip Recession – The shape of the U.S. recovery isn’t a sure thing yet http://www.forbes.com/2010/03/10/united-states-recovery-recession-opinions-columnists-nouriel-roubini.html?feed=rss_opinions
Car Production Europe Car production in 2009 at lowest level since 1996. In 2009, total vehicle production in Europe (cars, trucks, buses) decreased by 17.3% compared to 2008 and by 23% compared to the pre-crisis level of 2007. http://www.articleant.com/gen/19268-car-production-in-2009-at-lowest-level-since-1996.html
@maxkeiser.com
YAY… I posted the link to the phsychic story ’bout three weeks ago… yay, huh.. uhm, yeah yay!!!
68th
@DanDan. just called golden rule. no sales till monday. wish i would not have put them hip to ZH.
@ronron
I need at least another week or so for things to hold together. yikes! We got at least a week, right?
@DanDan. algonquin park here i come. glad it’s warmed up a bit. where the fuck is max.
It’s Going To Implode: Buy Physical Gold – NOW
Wow. Something is up. From Zerohedge:
http://www.zerohedge.com/article/its-going-implode-buy-physical-gold-now
Dutch investors lost 118 milion (usd) investing in the Atlanta Trump towers…the building ground had to be sold at a loss to, ehh, Rigenald Trump?
Hihi..The chief exorsist Amorth (cool name) of the Vatican blames the devil for the recent scandals..
In Utrecht (Holland) the bisshop has send out a ‘sherdsmany’ letter to explain the gay exploits to the congergation..How gay
Nothing wrong with being gay, I am amused by the hypocrisy..
@Mike. TOB alert. danger warning at zero hedge.
Jobless claims by state, at a glance http://www.huffingtonpost.com/huff-wires/20100311/us-jobless-claims-glance/
boom. http://www.zerohedge.com/article/its-going-implode-buy-physical-gold-now
Number of newly laid-off workers 462,000 http://www.cbsnews.com/stories/2010/03/11/business/main6288748.shtml
I think this guy – Joe Wiesenthal sucks.
He is jus a Wall Street punter.
Sucking and blowing out both sides of his mouth.
I don’t remember seeing a public outcry to prevent the most blatant speculative activity of the past century, when the Nasdaq soared above five thousand in March 2000, and when housing prices soared to twice fair value in the U.S. and many countries in 2005-2007. In Ireland, prices reached three times fair value by early 2007, and yet I don’t recall a single Irish politician begging speculators to stop buying Irish real estate. When crude oil plummeted to $35 per barrel at the end of 2008, I can’t remember anyone decrying the irrationally low price of gasoline.
It is obvious that politicians only want to curb speculation which causes housing prices to fall, gasoline prices to rise, currencies to become unstable, and stocks to move lower. In other words, they want to live in a fantasy world.
Opening with intro of Stacy saying that the business Insider has best Headline writers and then panning to “Greek Crisis Over “where you ask him about that and he does the ” temporary ” dance and ” double down ” casino dance. C’mon……best headlines ?……yeah ………….maybe in terms of deceit to get people to read the article.
Wasn’t the FEMALE prime minister of Iceland supposed to revolutionize the country by virtue of her being female? Hate to say I told you so, but I predicted she would not because yes, even being a woman is no guarantee that a person will not be a heartless tool of the banksters.
http://www.americanpoems.com/poets/sylviaplath/1444
Would you hire Dracula if you managed a bloodbank?
LOL!
Yes, if I was ‘in-on-the-take’ and an associate of the DragoGentlemen’s club. But I prefer some other form of punch, personally.
Two Strong Earthquakes Rock Central Chile–one 7.2
http://www.youtube.com/watch?v=7DVQzMiZ6Mk
missive from barbarian American to Bill S:
Special Drawing Rights only have value within the accounting books of the IMF governing institutions at present: and within the context of denominations of financial instruments available to fund members. So I don’t know how one would value the dollar against the sdr at all. Its a mote in the eye.
@Snoot
Was hopin to put the discussion into perspective..It seems to alwys be amongst those who made it, the number of which are shrinking
Btw, this is why people tell you the tale of the scorpion and the frog: Now a former GS partner profiles himself as a regulation advocat. http://tinyurl.com/yelc42t
Would you hire Dracula if you managed a bloodbank?
@Mother:
“Most people” are probably the same people as “nobody saw it coming”: those who adhere strictly to the principals of financial crime and sucking up. Like that journalist.
as i said in another post, there is money heaven , its secret bank accocunts in jersey, virgin islands and Switzerland
@Mother;
I agree. It seems that the rhetoric ratchets according to the position and wealth of those within the international financial system: criminal or no.
What do you think is the tail that will be ‘cut off’: the production of some systemic need (endogenous production) which evolution (of the international financial system) has declared no longer justified?
Very curious that metaphor. Do you have any ideas?
great show, tx!
Is it just me or has the USD collapsed against the SDR?
The SDR contains in some of its parts, the USD — but that does not explain everything here.
http://coinmill.com/convert/SDR_USD.html?amount=30234
30234 Special Drawing Rights
are worth
46271.10 United States Dollars
Item on AJS 10 March 2010 with G. Edward Griffin: CIA Takeover of The Mafia and its Ties to Harvard http://tinyurl.com/ylgsfcm
@Snoot
“Baron Rothschild shares most people’s view”
Impossible, most people (80%) live of under 10 USD a day and are not likely to understand what this asshole is talking about.
Another day, another scandal in Ireland.
Anyway, these caught my eye. Not fianancially related, so apolegies y’all.
French bread spiked with LSD in CIA experiment ( No wonder you live in France Keiser!….feed your head!)
http://www.telegraph.co.uk/news/worldnews/europe/france/7415082/French-bread-spiked-with-LSD-in-CIA-experiment.html
Half of Israeli high schoolers oppose equal rights for Arabs
“Nearly half of Israel’s high school students do not believe that Israeli-Arabs are entitled to the same rights as Jews in Israel”
http://www.haaretz.com/hasen/spages/1155627.html
“We are getting closer to a time when the endogenous financial part of the crisis will be behind us because of two factors: One is a recognition by the financial institutions of losses, and second, a previously unthinkable policy reaction looking to reliquefy the financial system and cut off the fat tail.”
http://globaleconomy.foreignpolicyblogs.com/2009/03/25/mohamed-el-erian-on-the-new-global-economy/
Reliquefy the financial system? Is he talking about sdrs? What liquidity?
“I’m talking about the realignment of the global economy and the limited potency of traditional policy responses.”
Sounds like Chapman:
“Sovereign debt hangs like an albatross around the necks of too many countries. There are 17 medium-size to large countries that are close to, or are bankrupt. Many are being kept solvent by using two sets of books and by marking to model. As you know we expect these bankruptcies to take place by the end of 2011. That will be accomplished at meetings such as we saw in the 1970s at the Smithsonian, the Plaza Accord of 1985 and the Louvre Accord of 1987. There will be a realignment of currencies.”
http://theinternationalforecaster.com/International_Forecaster_Weekly/The_Albatross_of_Sovereign_Debt
It’s the same story: the one Rothschild indicated:
http://www.thenational.ae/article/20081106/BUSINESS/167536298/1005
“Baron Rothschild shares most people’s view that there is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance. “But you have to be careful of caricatures: we don’t want to go from ultra liberalism to protectionism.””
@Youri Carma … Belgian Farmers Oppose Genetically Modified Potatoes
Good on’em !
I wonder when it finally dawns on everyone that the EU is a just another Power Monopoly that works against us !
This is where the two thugs, the government and the bankers, are wresteling each other, pushing and pulling to remain balanced on the edge of the precipice…A little chinaman is poking them with a six foot bamboo pole from terra firma…
yep. jbyeats tearing up the tube. go ireland.
Belgian Farmers Oppose Genetically Modified Potatoes http://www.youtube.com/watch?v=8xl8jncGLOE
Gotto love the guy. very good vid this time -> FINANCIAL TERRORISM – MARCH 11th 2010
http://www.ibtimes.com/articles/20091211/fortune-pimcos-mohamed-el-erian-tough-times-ahead.htm
“One of my favorite big picture thinkers is PIMCO’s Mohamed El-Erian.”
Here’s El-Erian indicating a move to the sdr/reserve system within five years:
“But in the long run, if American consumers start saving more, isn’t that a good thing?
It’s absolutely a good thing. The rest of the world starts being all these other engines, and we move from a world of excessive dependence on the U.S. consumer to a multipolar world. That’s also a good thing.
The trouble is this transition. So go back to my image. Would you like to be on a plane when the captain comes on and says, “I’m going to be switching from one big engine to lots of engines?” You don’t want to be on that plane. You want to be on that plane once the switch has happened.
So in the long run, which is probably five years, we will all be better off.”
WE???
Guaranteed we are not going to be ‘much better off’. And he’s right: the transistion will be hellish. But THAT’S the big picture!
FINANCIAL TERRORISM – MARCH 11th 2010 http://www.youtube.com/watch?v=ZpSV12mMwSc
It’s not government versus speculators. The speculators own the government. They’re both pulling in the same direction. The government does have a few belligerents remaining who don’t tow the line . . . for now anyways . . .
Neumann Doubts China Will Adjust Yuan Anytime Soon Vid http://www.youtube.com/watch?v=VXZRCGmRiGM
lovely lily. http://www.youtube.com/watch?v=qEY-9WIAbQc
HEY Joe Weisenthal who does your hair? BI the best headline writers on the net. yeah that is about it as far as i can tell with substance of content in any articles in BI. what a joke that max even takes this clown seriously. probably no one on this blog takes time out of their day to read the headlines in Business Insider. they are all smoking belly button lint and getting high off of it. young and naive go push your drugs some where else because your empty you got no game boy.
Soaring Stock Market, And Housing Rebound Means The Wealth Effect Is Back!
Joe Weisenthal
http://www.businessinsider.com/soaring-stock-market-and-housing-rebound-means-the-wealth-effect-is-back-2010-3
@CasperStuds:
Mr. Boing-Boing obviously is selling a story. The man is not a journalist. But he did promote Dr. Mohamed El-Erian. Seems that is the big picture these days. Instead of putting the international finance criminals in jail, one promotes their names in stories to sell a perspective.
The big picture is coming in loud and clear via Snype.
Nationwide Strikes Bring Greece to a Standstill (Bloomberg vid) http://www.youtube.com/watch?v=BIf-dJgNPng
Music to listen to KR to.. Keith Jarrett, Facing You, 1971
Joe: Naw, speculators are good, gubmits is bad.
Max: But haven’t the speculators taken over completely and corrupted everything?
Joe: Oh, absolutely.. blah blah blah.. But speculators good, gubmits bad.
Max: But Joe, haven’t the speculators–day traders, short termers–like Paulson, coopted governments and ruined them?
Joe: Oh, absolutely.. blah blah blah.. But speculators good, gubmits bad.
Joe has nothing. And he doesn’t realized Max is a genius and is absolutely on point all the time. Joe don’t see shit but his own chance to make out by lapping speculator boots and picking up crumbs from the table of loot. Max bends him straight for three minutes or so, then he springs back into his inherently bent shape every time. You can almost hear the audible “beeeee-oing! oing!” as he snaps back into curly mode. But nonetheless Max very gratiously puts in a plug for Joe’s speculator web site. What a guy.
Waste o’ time, Max. That guy can’t be taught. He don’t want to see the big picture.
Pentagon trains workers to hack Defense computers http://www.cnn.com/2010/TECH/03/10/pentagon.hacking/index.html
We need more exorcists, a time machine to smart ass out Goldman Sachs and five Chinese brothers and the cat in the hat.
Money heaven is the pockets of the insiders that knew to sell, but not to buy thier own crap..
that’s why exchange markets are superior to “otc” markets.
KR24
VG show!
(note your guest’s name is spelled WEIsenthal; I know Miss Spelling Person is watching)
Money comes from helicopters…..and then goes to money heaven, Now if a 7 yr. old said that…you’d..put him on some set of drugs.
I would like to see Jim Sinclair, Bob Chapman or Robert Prechter on one of your shows. Please check Jim Sinclair intervies on Eric King Podcast site.
We always laud the criminals:
http://www.efghermesfoundation.com/English/Services.aspx?PageID=206&expandable=1&li=8
@ Mother Earth:
WELL SAID!
that Joe Wiesenthal guy hasn’t the the whish or the capability to see the bigger picture and it seems he is only interested at defending his own bussiness.
As always Max is so wise not to burn his guests, but let the viewer decide.
Well, I think that Joe is a moron.
Good one Max
Mike
Who wants to be an actor whe if you bum a movie you get an angry mob of loser speculators damning you to hell.. http://www.nytimes.com/2010/03/11/business/media/11futures.html?ref=technology
PIMCO’s El-Erian: You Fools Don’t Realize That The Sovereign Debt Crisis Goes WAY Beyond Greece
Joe Weisenthal
http://www.businessinsider.com/pimcos-el-erian-you-foold-dont-realize-that-the-sovereign-debt-crisis-goes-way-beyond-greece-2010-3
Duh.
The problem with the Greek Crisis is this ruling:
The short term solution is for the European Central Bank (ECB) to extend beyond next January its refinance operation in which government debt rated at less than A- is accepted as collateral. The ECB engages in weekly “refinancing operations” to add liquidity to the European banking system. Banks that need cash can trade in bonds in return for fresh euros, the ECB then charges them interest in return for what is effectively a secured loan. Prior to the crisis, the ECB would accept any bond rated A- or above by any of the three major ratings agencies. During the crisis, to get more liquidity into the damaged banking system, the ECB dropped the required rating to BBB- or above. On January the 1st 2011, the ECB will return to the old A- standard. It is the fear that Greek Eurobonds cannot be traded for cash—not the fear of the Government ‘going broke’—that is at the heart of the refinancing problem. Postponing a return to the old A- standard beyond next year would solve the crisis. It would not cost the German taxpayer a single euro, and it would not cost ordinary Greeks their jobs.
http://blogs.euobserver.com/irvin/2010/03/02/greece-socialism-for-the-rich-and-capitalism-for-the-poor/
btw:
Weisenthal is a proponent of bulldozing infrastructure in the US:
http://www.businessinsider.com/will-obama-bulldoze-50-american-cities-2009-6
max mentioned quants, meet some. http://www.youtube.com/watch?v=ed2FWNWwE3I
This guy defends derivatives. He is also blaming the victim. He may have a nice website, but I think his message sucked
@Bonn. i want royalties.
….and highways:
http://www.businessinsider.com/freeways-without-future-2009-6
Max,
Me thinks this guy thinks he knows more than he does…
“U.S. not having trouble rolling over debt…”
Uh, huh…and give me the list of buyers.
The Guardian pointed out that Wall Street bond business from European governments has gone down over the last two years. Now the business is gone period.
In effect, the EU has labeled Wall Streets business tactics as too dangerous for their governments to handle.
http://agonist.org/michael_collins/20100310/economic_warfare_europe_versus_wall_street
BTW.. great show, great guest … as usual
Duh.
The problem with the Greek Crisis is this ruling:
“The short term solution is for the European Central Bank (ECB) to extend beyond next January its refinance operation in which government debt rated at less than A- is accepted as collateral. The ECB engages in weekly “refinancing operations” to add liquidity to the European banking system. Banks that need cash can trade in bonds in return for fresh euros, the ECB then charges them interest in return for what is effectively a secured loan. Prior to the crisis, the ECB would accept any bond rated A- or above by any of the three major ratings agencies. During the crisis, to get more liquidity into the damaged banking system, the ECB dropped the required rating to BBB- or above. On January the 1st 2011, the ECB will return to the old A- standard. It is the fear that Greek Eurobonds cannot be traded for cash—not the fear of the Government ‘going broke’—that is at the heart of the refinancing problem. Postponing a return to the old A- standard beyond next year would solve the crisis. It would not cost the German taxpayer a single euro, and it would not cost ordinary Greeks their jobs.”
http://blogs.euobserver.com/irvin/2010/03/02/greece-socialism-for-the-rich-and-capitalism-for-the-poor/
btw:
Weisenthal is a proponent of bulldozing infrastructure in the US:
http://www.businessinsider.com/will-obama-bulldoze-50-american-cities-2009-6
Im naked and long…
Hey Ronron AJ used yer phrase “Go play in traffic”
lolololol
Hic
Red Bull Cola banned for containing cocaine
http://www.thelocal.de/national/20090523-19457.html
yo