Stacy Summary: Hey there, enjoy!
For more download & listening options, visit Archive dot org
  |
 |
-
ref. max keiser – Get 6 mo’s free storage
-
Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
-
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
-
- A Lightning War for Liberty
Top o the mornin NZ! (or whatever time it is there).
Do we have any people on here from NZ?
Another show so soon….brilliant!
GREAT SHOW !
VM
excellent program!
on gold – silver ratio
http://www.financialsense.com/fsu/editorials/wilson/2009/1104.html
you just hit a home run. thanks
Thanks for another great show Max & Stacey.
I haven’t posted for quite a while, but given the subject matters of the last few shows (silver, and how to bring the banks to heel), I have a few thought/questions I’m hoping you, or indeed anyone else, can help me with.
Silver – despite all the recent market manipulation shenanigans, it’s still looking likely that precious metals will be handy to have under the bed if/when the fiat currency system eventually collapses in on itself. For those of us with limited disposable income that can’t stretch to gold, is silver still a good idea? Gold is clearly the, em, gold standard, but surely a wee pile of silver hidden away will be better than worthless paper. Thoughts?
The banks – until one of your recent shows, I wasn’t aware of the salt march by Ghandi that kicked off of the civil disobedience in India. Fascinating how the power of a simple idea energises people (much like tea in the US back in the day).
I concur that companies/banks usually only listen when they start to hurt financially. I’ve read that one of the strategies employed by many activist Americans (a dying breed?) is to withdraw their savings from the big banks and put them in smaller regional banks. This appears not to have gained much traction, not least because many of these regional banks are going under!
The thought that I’ve had, for here in the UK, is a similar one – using credit unions. As far as I’m aware, credit unions are owned by their depositors/investors and only loan as much as they have in their coffers. No fancy financial instruments to puff up balance sheets, etc. I’m not 100% sure, but I don’t think they use fractional reserve banking principles.
Historically, credit unions have centred around low socio-economic areas, offering low interest rate loans to people who need to buy a new washing machine, etc. From what I’ve read, they appear to provide a solid, socially useful service. They even offer current accounts, direct debit services, etc – just like a ‘normal’ bank.
So, why not a simple, single-minded campaign to encourage Brits to dump their bank and switch to a credit union?
As far as I can see, there are only a few obstacles to this…
1. Credit Unions traditionally offer a lower rate of interest on savings than banks. Not sure if this is true?
2. Credit Unions are uncool. Big deal, Skoda was uncool until a few years ago. I’m sure there are more than a few smart activist advertisers/marketers out there that would love to be part of a image transformation campaign.
This may be a terrible idea, for lots of reasons, but I’d love to hear any thoughts!
Imaginary stuff in the place of the real stuff in the form of a piece of paper. Manipulate the paper to manipulate the physical. And all this paper creates the illusion of abundant supply. It nearly destroyed the mining industry and many third world countries depending on mining. Satanic JP Morgan bastards. It didn’t just harmed the speculators. It nuked poor countries depending on natural ressources.
i think janet is right. those in the paper gold will get hammered. a second physical market will explode.
How many tungstene bars in GLD’s stock pile ?
Hey Max.
Justice takes too much time. Buy a “special” contract for these folks. Not traded on the COMEX or the LME.
for the record
gold has been trading in a relatively narrow range for the past four months:
http://goldprice.org/charts/history/gold_6_month_o_usd.png
http://www.businessweek.com/news/2010-04-05/california-pensions-are-500-billion-short-stanford-study-says.html
No TARP funds for CALPERS. These assholes extrapolated a 20 year average ROI of 8,5% based on optimistic assumption of perpetual rising asset values. They will soon have to change their name to “Crappers”.
GATA Founder Bill Murphy on The COMEX Gold and Silver price manipulation http://www.youtube.com/watch?v=CBJfWkENhr4
@ PaulH
So, why not a simple, single-minded campaign to encourage Brits to dump their bank and switch to a credit union?
Why not dumping banks and convert your $/£ all to silver and/or gold? That would be the way to give back the banksters their money and bring your wealth under your own responsability. Is gold/silver gandhis salt of today?
http://www.youtube.com/watch?v=rpaCQKJpE9k&feature=related
Louis CK on being broke and banks. Very Funny.
@solipsist
I agree.
However, the downside is that would entail the collapse of the of the current entire economic system, and all the accompanying social meltdown.
How does one manage such an event without family starvation?
@maxkeiser.com
as always cheers for the show!!!
The German gold is in manhattan,
Right Max?
Its all just more promissory jigery poke!
I hold my gold.
Don’t tell anyone..
@Cash Flow Through Bullion Markets
The bullion market is not all that small, it requires a major physical dump of gold and front running to move the market any longer. The IMF sales follow the collapse in Greek bond prices, meaning Greece’s portion of the IMF hoard are being pawned.
I think you hit the nail on the head quite unwittingly, Max. When you described how to process a physical delivery out of cash, this is how the bullion market with a comparatively small amount of physical metal can be leverage up 100X to suit any demand for liquidity. Just look at the historical increase of the COT numbers over the stretch of the bull market, and the overall trend is increasing, not decreasing. Physical sales have increased, not decreased, but I would imagine that physical delivery has all but ceased.
Just how big a market in short term cash are we talking?
http://www.safehaven.com/article-16323.htm
Secondly, Brown’s bottom may not have only sealed the fate of the Pound, but also may have inadvertently created a great mass of liquidity that set off the gold bull market. Sell a large quantity of gold into the bullion markets, and this will touch off a great wave of liquidity which is set on marking up the price of gold.
Sprott has a physical gold fund called PHYS and will deliver gold on demand.
For a summary of what happened at the CFTC meeting and the implications thereof, please see my “Weekly Wanderings” article at the site above.
Bullionvault holds allocated gold for its clients I believe
٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh ٩(̾●̮̮̃̾•̃̾)۶ ٩(͡๏̯͡๏)۶ ٩(-̮̮̃-̃)۶ ♥ ℓ٥ﻻﻉ√٥υ ♥ yeh