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	<title>Comments on: [OTE46] On the Edge with Max Keiser &#8211; And Scott Baker &#8211; 19 March 2010</title>
	<atom:link href="http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/feed/" rel="self" type="application/rss+xml" />
	<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/</link>
	<description>Financial War Reports</description>
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		<title>By: Sam</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101797</link>
		<dc:creator>Sam</dc:creator>
		<pubDate>Sun, 21 Mar 2010 04:46:23 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101797</guid>
		<description>@Giuseppe, thanks for checking it out, I hope it helps you filter out the chaos like it did for me.</description>
		<content:encoded><![CDATA[<p>@Giuseppe, thanks for checking it out, I hope it helps you filter out the chaos like it did for me.</p>
]]></content:encoded>
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	<item>
		<title>By: Sam</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101796</link>
		<dc:creator>Sam</dc:creator>
		<pubDate>Sun, 21 Mar 2010 04:44:12 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101796</guid>
		<description>@the other sam,I thought we had a lot in common but am realizing that you think of Henry George as some sort of a utopia where I see it as natural law.  It doesn&#039;t matter if anyone adopts it, you can still use it to predict market behavior.  I think the guys that created the financial crisis understood it well.

As far as funding a war, you need resources and incentives for the machines of wars.  Simply killing taxes on resources that supply the war machine and offering up good old fashioned war bonds should allocate the funds.</description>
		<content:encoded><![CDATA[<p>@the other sam,I thought we had a lot in common but am realizing that you think of Henry George as some sort of a utopia where I see it as natural law.  It doesn&#8217;t matter if anyone adopts it, you can still use it to predict market behavior.  I think the guys that created the financial crisis understood it well.</p>
<p>As far as funding a war, you need resources and incentives for the machines of wars.  Simply killing taxes on resources that supply the war machine and offering up good old fashioned war bonds should allocate the funds.</p>
]]></content:encoded>
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		<title>By: Adam C</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101550</link>
		<dc:creator>Adam C</dc:creator>
		<pubDate>Sat, 20 Mar 2010 18:31:23 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101550</guid>
		<description>@gaspode

A very good quote!</description>
		<content:encoded><![CDATA[<p>@gaspode</p>
<p>A very good quote!</p>
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		<title>By: solipsist</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101411</link>
		<dc:creator>solipsist</dc:creator>
		<pubDate>Sat, 20 Mar 2010 14:53:07 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101411</guid>
		<description>Anybody knows Adam Russo&#039;s Movie:
http://video.google.ch/videoplay?docid=-1656880303867390173&amp;ei=ddukS76WNJfS-Ab1rsmLDQ&amp;q=Aron+Russo&amp;hl=de&amp;dur=3&amp;client=safari#

It&#039;s a doku investigating on the topic of US income tax: Seems not to be legal at all!!
funny isn&#039;t it! Or is the the docu a hoax?????(Don&#039;t think so..)</description>
		<content:encoded><![CDATA[<p>Anybody knows Adam Russo&#8217;s Movie:<br />
<a href="http://video.google.ch/videoplay?docid=-1656880303867390173&#038;ei=ddukS76WNJfS-Ab1rsmLDQ&#038;q=Aron+Russo&#038;hl=de&#038;dur=3&#038;client=safari#" rel="nofollow">http://video.google.ch/videoplay?docid=-1656880303867390173&#038;ei=ddukS76WNJfS-Ab1rsmLDQ&#038;q=Aron+Russo&#038;hl=de&#038;dur=3&#038;client=safari#</a></p>
<p>It&#8217;s a doku investigating on the topic of US income tax: Seems not to be legal at all!!<br />
funny isn&#8217;t it! Or is the the docu a hoax?????(Don&#8217;t think so..)</p>
]]></content:encoded>
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	<item>
		<title>By: gaspode</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101408</link>
		<dc:creator>gaspode</dc:creator>
		<pubDate>Sat, 20 Mar 2010 14:50:18 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101408</guid>
		<description>@ Adam C

Thanks for the links. Most of the I actually had bookmarked already, but forgotten about.  
We don&#039;t see the forest , for all the trees - as we say in Norway.

The great Chesterton in his essay Utopia of Usurers :

&quot;The great difficulty with the English lies in the absence of
something one may call democratic imagination.  We find it easy
to realise an individual, but very hard to realise that the great
masses consist of individuals.&quot;</description>
		<content:encoded><![CDATA[<p>@ Adam C</p>
<p>Thanks for the links. Most of the I actually had bookmarked already, but forgotten about.<br />
We don&#8217;t see the forest , for all the trees &#8211; as we say in Norway.</p>
<p>The great Chesterton in his essay Utopia of Usurers :</p>
<p>&#8220;The great difficulty with the English lies in the absence of<br />
something one may call democratic imagination.  We find it easy<br />
to realise an individual, but very hard to realise that the great<br />
masses consist of individuals.&#8221;</p>
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		<title>By: WL</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101386</link>
		<dc:creator>WL</dc:creator>
		<pubDate>Sat, 20 Mar 2010 14:14:57 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101386</guid>
		<description>@roach

Money is a claim on future labour,,...energy is a major component in the productivity of such labour

@Max
 As I have said,, the colour for a global revolution against the bankster theftocracy is...


GOLD GOLD GOLD GOLD GOLD GOLD GOLD</description>
		<content:encoded><![CDATA[<p>@roach</p>
<p>Money is a claim on future labour,,&#8230;energy is a major component in the productivity of such labour</p>
<p>@Max<br />
 As I have said,, the colour for a global revolution against the bankster theftocracy is&#8230;</p>
<p>GOLD GOLD GOLD GOLD GOLD GOLD GOLD</p>
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		<title>By: jim</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101368</link>
		<dc:creator>jim</dc:creator>
		<pubDate>Sat, 20 Mar 2010 12:54:44 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101368</guid>
		<description>the G financed itself through tariffs</description>
		<content:encoded><![CDATA[<p>the G financed itself through tariffs</p>
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		<title>By: Carmen Azul</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101360</link>
		<dc:creator>Carmen Azul</dc:creator>
		<pubDate>Sat, 20 Mar 2010 12:03:40 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101360</guid>
		<description>Has anyone seen the new Black Visa Card? I think it&#039;s for people who do black ops, or deal in dark pools or who are good at black (money) holes. Still even for them, if they don&#039;t pay on time they will pay the new &quot;standard&quot; 30% rate, but they will probably have a way around that anyway.</description>
		<content:encoded><![CDATA[<p>Has anyone seen the new Black Visa Card? I think it&#8217;s for people who do black ops, or deal in dark pools or who are good at black (money) holes. Still even for them, if they don&#8217;t pay on time they will pay the new &#8220;standard&#8221; 30% rate, but they will probably have a way around that anyway.</p>
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		<title>By: Adam C</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101354</link>
		<dc:creator>Adam C</dc:creator>
		<pubDate>Sat, 20 Mar 2010 11:36:09 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101354</guid>
		<description>Dr. Michael Hudson -- The New Road to Serfdom: An Illustrated Guide to the Coming Real Estate Collapse (PDF)
http://michael-hudson.com/articles/debt/Hudson,RoadToSerfdom.pdf

&#039;Never before have so many Americans gone so deeply into debt so willingly. Most members of the rentier class are very rich. One might like to join that class. And so our paradox (seemingly) is resolved. With the real estate boom, the great mass of Americans can take on colossal debt today and realize colossal capital gains—and the concomitant rentier life of leisure—tomorrow. If you have the wherewithal to ﬁll out a mortgage application, then you need never work again. What could be more inviting—or, for that matter, more egalitarian? -- The bubble will burst, and when it does, the people who thought they would be living the easy life of a landlord will soon ﬁnd that what they really signed up for was the hard servitude of debt serfdom.&#039; -- &#039;...commercial real estate investors hide most of their economic rent in “depreciation” write-offs for their buildings, even as those buildings gainmarket value.&#039; 

The Daily Bell -- Ingo Bischoff on why a land tax is good and the enduring popularity of Henry George
http://www.thedailybell.com/503/Ingo-Bischoff-Henry-George.html

Bischoff: &quot;George&#039;s economic analysis has lost popularity due partly to a concerted effort by land and natural resource &quot;owners&quot; to protect their privilege of collecting community created land values. In this, they are aided by politicians who implement favorable tax policies and by the educational profession which has redefined land as &quot;private&quot; capital, thereby destroying the distinction between land and real capital. Taxation on land value reacts totally different from taxation on real capital. -- Americans have long deemed it a right to profit from community created land values. Now that land values are declining [due to deindustrialization], people feel themselves deprived of an assumed entitlement. They are beginning to wonder about the efficacy of speculating in land, particularly when it involves the land underneath their houses. It is quite likely that the present dilemma of declining land values will bring about a resurgence of the land value tax idea.&quot; 

Bischoff: &quot;The kind of taxation for which the school argues is the only tax that when applied does not provide less of what is taxed, namely land values. Any other tax applied causes a diminishing effect to the matter taxed.&quot; -- On America: &quot;The only way the crises can be resolved is by returning to the gold standard, by reviving the Bill Market, by returning to the provisions of the original Federal Reserve Act of 1913, and definitely by suspending paragraph (b) of Section 14 of the act, and by repealing &quot;legal tender&quot; laws. Thereafter, the &quot;invisible hand&quot; of Adam Smith will take over and launch us on the road to an unimaginable prosperity, provided of course that the only tax collected by sovereign States and governments is Henry George&#039;s &quot;single [land value] tax&quot;. Due to its constitution, and due to the work ethics, the general common sense and the goodness of its people, the United States is uniquely positioned to overcome the present economic and government crises.&quot;</description>
		<content:encoded><![CDATA[<p>Dr. Michael Hudson &#8212; The New Road to Serfdom: An Illustrated Guide to the Coming Real Estate Collapse (PDF)<br />
<a href="http://michael-hudson.com/articles/debt/Hudson,RoadToSerfdom.pdf" rel="nofollow">http://michael-hudson.com/articles/debt/Hudson,RoadToSerfdom.pdf</a></p>
<p>&#8216;Never before have so many Americans gone so deeply into debt so willingly. Most members of the rentier class are very rich. One might like to join that class. And so our paradox (seemingly) is resolved. With the real estate boom, the great mass of Americans can take on colossal debt today and realize colossal capital gains—and the concomitant rentier life of leisure—tomorrow. If you have the wherewithal to ﬁll out a mortgage application, then you need never work again. What could be more inviting—or, for that matter, more egalitarian? &#8212; The bubble will burst, and when it does, the people who thought they would be living the easy life of a landlord will soon ﬁnd that what they really signed up for was the hard servitude of debt serfdom.&#8217; &#8212; &#8216;&#8230;commercial real estate investors hide most of their economic rent in “depreciation” write-offs for their buildings, even as those buildings gainmarket value.&#8217; </p>
<p>The Daily Bell &#8212; Ingo Bischoff on why a land tax is good and the enduring popularity of Henry George<br />
<a href="http://www.thedailybell.com/503/Ingo-Bischoff-Henry-George.html" rel="nofollow">http://www.thedailybell.com/503/Ingo-Bischoff-Henry-George.html</a></p>
<p>Bischoff: &#8220;George&#8217;s economic analysis has lost popularity due partly to a concerted effort by land and natural resource &#8220;owners&#8221; to protect their privilege of collecting community created land values. In this, they are aided by politicians who implement favorable tax policies and by the educational profession which has redefined land as &#8220;private&#8221; capital, thereby destroying the distinction between land and real capital. Taxation on land value reacts totally different from taxation on real capital. &#8212; Americans have long deemed it a right to profit from community created land values. Now that land values are declining [due to deindustrialization], people feel themselves deprived of an assumed entitlement. They are beginning to wonder about the efficacy of speculating in land, particularly when it involves the land underneath their houses. It is quite likely that the present dilemma of declining land values will bring about a resurgence of the land value tax idea.&#8221; </p>
<p>Bischoff: &#8220;The kind of taxation for which the school argues is the only tax that when applied does not provide less of what is taxed, namely land values. Any other tax applied causes a diminishing effect to the matter taxed.&#8221; &#8212; On America: &#8220;The only way the crises can be resolved is by returning to the gold standard, by reviving the Bill Market, by returning to the provisions of the original Federal Reserve Act of 1913, and definitely by suspending paragraph (b) of Section 14 of the act, and by repealing &#8220;legal tender&#8221; laws. Thereafter, the &#8220;invisible hand&#8221; of Adam Smith will take over and launch us on the road to an unimaginable prosperity, provided of course that the only tax collected by sovereign States and governments is Henry George&#8217;s &#8220;single [land value] tax&#8221;. Due to its constitution, and due to the work ethics, the general common sense and the goodness of its people, the United States is uniquely positioned to overcome the present economic and government crises.&#8221;</p>
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		<title>By: Adam C</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101353</link>
		<dc:creator>Adam C</dc:creator>
		<pubDate>Sat, 20 Mar 2010 11:35:50 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101353</guid>
		<description>Some others:

Fred Harrison: Ricardo&#039;s Law ~ The Great Tax Clawback Scam
http://www.youtube.com/watch?v=6ZkfmY1PMng

&quot;The greatest scam in history: All democratic governments maintain a tax system that milks the poor to keep the rich, rich. &#039;Progressive taxes&#039; are a cover for a cruel hoax on people with low incomes. This is how the scam works...&quot;

More Fred Harrison:
http://www.youtube.com/results?search_query=fred+harrison

The Chaos Makers: The Dreamers &amp; The Deceived by Fred Harrison (1997) (PDF)
http://renegadeeconomist.com/wp-content/uploads/2009/04/the-chaos-makers.pdf

&#039;INSUFFICIENT attention has been paid to the ways in which the chaos makers in the land market shape our destinies. Land supply is in fixed supply in those places where people need to live, close to the opportunities for employment. ...speculation in land pushes its price beyond affordable limits ...instability manifests itself in myriad forms of conflict that torture the industrial economy (labour relations, unemployment, etc). -- The treatment of rent as a public revenue would eliminate the acquisitive force behind the booms and busts. The fiscal reform proposed here would ensure that the short-term private interests of the individual would converge with the long-term interests of the community. This would enable people to plan the accumulation of savings over their earning lifecycle to the point where the price of capital would drop to very low levels: it would be at this point that poverty and unemployment would be permanently eliminated within a system of sustainable development.&#039; 

...</description>
		<content:encoded><![CDATA[<p>Some others:</p>
<p>Fred Harrison: Ricardo&#8217;s Law ~ The Great Tax Clawback Scam<br />
<a href="http://www.youtube.com/watch?v=6ZkfmY1PMng" rel="nofollow">http://www.youtube.com/watch?v=6ZkfmY1PMng</a></p>
<p>&#8220;The greatest scam in history: All democratic governments maintain a tax system that milks the poor to keep the rich, rich. &#8216;Progressive taxes&#8217; are a cover for a cruel hoax on people with low incomes. This is how the scam works&#8230;&#8221;</p>
<p>More Fred Harrison:<br />
<a href="http://www.youtube.com/results?search_query=fred+harrison" rel="nofollow">http://www.youtube.com/results?search_query=fred+harrison</a></p>
<p>The Chaos Makers: The Dreamers &amp; The Deceived by Fred Harrison (1997) (PDF)<br />
<a href="http://renegadeeconomist.com/wp-content/uploads/2009/04/the-chaos-makers.pdf" rel="nofollow">http://renegadeeconomist.com/wp-content/uploads/2009/04/the-chaos-makers.pdf</a></p>
<p>&#8216;INSUFFICIENT attention has been paid to the ways in which the chaos makers in the land market shape our destinies. Land supply is in fixed supply in those places where people need to live, close to the opportunities for employment. &#8230;speculation in land pushes its price beyond affordable limits &#8230;instability manifests itself in myriad forms of conflict that torture the industrial economy (labour relations, unemployment, etc). &#8212; The treatment of rent as a public revenue would eliminate the acquisitive force behind the booms and busts. The fiscal reform proposed here would ensure that the short-term private interests of the individual would converge with the long-term interests of the community. This would enable people to plan the accumulation of savings over their earning lifecycle to the point where the price of capital would drop to very low levels: it would be at this point that poverty and unemployment would be permanently eliminated within a system of sustainable development.&#8217; </p>
<p>&#8230;</p>
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		<title>By: Adam C</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101352</link>
		<dc:creator>Adam C</dc:creator>
		<pubDate>Sat, 20 Mar 2010 11:35:27 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101352</guid>
		<description>Of course, through wars and welfare, governments have grown so much larger (that was the plan), but if we were to go back/forward to a land vaue tax, we could shrink centralised government and give people back their money and thus the opportunity to do provide for themselves and each other in their local communities.

The benefits of a land value tax are well explained here:
http://www.landvaluetax.org/what-is-lvt/

And here is a list of those countries currently using land value taxes:
http://en.wikipedia.org/wiki/Land_value_tax#Existing_tax_systems

@Febo

I agree. Land Value Tax is the only possible tax to get excited about. And really it&#039;s not even a &#039;tax&#039; in the negative sense. It&#039;s more like a community points system, measuring for how well the community uses its local resources and how well individuals are providing for themselves and each other. It&#039;s honesty and integrity in practice.

@Giuseppe Bagodonutti

Many thanks for the Henry George link.

...</description>
		<content:encoded><![CDATA[<p>Of course, through wars and welfare, governments have grown so much larger (that was the plan), but if we were to go back/forward to a land vaue tax, we could shrink centralised government and give people back their money and thus the opportunity to do provide for themselves and each other in their local communities.</p>
<p>The benefits of a land value tax are well explained here:<br />
<a href="http://www.landvaluetax.org/what-is-lvt/" rel="nofollow">http://www.landvaluetax.org/what-is-lvt/</a></p>
<p>And here is a list of those countries currently using land value taxes:<br />
<a href="http://en.wikipedia.org/wiki/Land_value_tax#Existing_tax_systems" rel="nofollow">http://en.wikipedia.org/wiki/Land_value_tax#Existing_tax_systems</a></p>
<p>@Febo</p>
<p>I agree. Land Value Tax is the only possible tax to get excited about. And really it&#8217;s not even a &#8216;tax&#8217; in the negative sense. It&#8217;s more like a community points system, measuring for how well the community uses its local resources and how well individuals are providing for themselves and each other. It&#8217;s honesty and integrity in practice.</p>
<p>@Giuseppe Bagodonutti</p>
<p>Many thanks for the Henry George link.</p>
<p>&#8230;</p>
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		<title>By: Adam C</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101350</link>
		<dc:creator>Adam C</dc:creator>
		<pubDate>Sat, 20 Mar 2010 11:34:54 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101350</guid>
		<description>Max and Stacy,

Thanks for giving time to the Georgian/Geolibertarian perspective. I particularly liked Baker&#039;s comment about a &quot;land cycle&quot; rather than a &quot;business cycle&quot;. 

Max asked twice &#039;how did governments fund themselves before?&#039;

Here&#039;s a chart taken from a Fred Harrison video that shows the generational shift of taxation from land and onto labor, in the UK: http://farm3.static.flickr.com/2711/4446366350_f24cb0a17a_o.png

Fred Harrison: Betrayal of the Lords
http://www.youtube.com/watch?v=ki-Od1MMa78

...</description>
		<content:encoded><![CDATA[<p>Max and Stacy,</p>
<p>Thanks for giving time to the Georgian/Geolibertarian perspective. I particularly liked Baker&#8217;s comment about a &#8220;land cycle&#8221; rather than a &#8220;business cycle&#8221;. </p>
<p>Max asked twice &#8216;how did governments fund themselves before?&#8217;</p>
<p>Here&#8217;s a chart taken from a Fred Harrison video that shows the generational shift of taxation from land and onto labor, in the UK: <a href="http://farm3.static.flickr.com/2711/4446366350_f24cb0a17a_o.png" rel="nofollow">http://farm3.static.flickr.com/2711/4446366350_f24cb0a17a_o.png</a></p>
<p>Fred Harrison: Betrayal of the Lords<br />
<a href="http://www.youtube.com/watch?v=ki-Od1MMa78" rel="nofollow">http://www.youtube.com/watch?v=ki-Od1MMa78</a></p>
<p>&#8230;</p>
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		<title>By: William of the North</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101340</link>
		<dc:creator>William of the North</dc:creator>
		<pubDate>Sat, 20 Mar 2010 11:20:42 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101340</guid>
		<description>@ Max and Stacey,

I am really impressed that you are willing to talk about Iran and Israel.  Ahead of the curve is a good place to be.

Evil is a point of view.</description>
		<content:encoded><![CDATA[<p>@ Max and Stacey,</p>
<p>I am really impressed that you are willing to talk about Iran and Israel.  Ahead of the curve is a good place to be.</p>
<p>Evil is a point of view.</p>
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		<title>By: i'm Alan Partridge</title>
		<link>http://maxkeiser.com/2010/03/19/ote46-on-the-edge-with-max-keiser-and-scott-baker-19-march-2010/#comment-101335</link>
		<dc:creator>i'm Alan Partridge</dc:creator>
		<pubDate>Sat, 20 Mar 2010 10:56:07 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=5166#comment-101335</guid>
		<description>The Oreo Reveloution?</description>
		<content:encoded><![CDATA[<p>The Oreo Reveloution?</p>
]]></content:encoded>
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