Stacy Summary: Good morning, y’all. Here’s the show from down under.
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
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- Mish
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- SmartKnowledge
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fiat money and the french revolution
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crash banksters – Buy Silver & gold
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- A Lightning War for Liberty
Good morning Y’ALL
First
From London: Second!
Third from dreary Southern California! And still no response on the GATA/CPM debate over the weekend…
Max? Stacy? Christchurch?
sleep surfing third
Max Keiser on The Alex Jones Show 05.17.2010 + Articles which Max Mentions on the Show http://forum.prisonplanet.com/index.php?topic=171488.0
Really insightful show. Thanks.
btw Hemingway fought in the Spanish Civil war where Hitler tested his Stuka’s helping the fascistic Franco.\
Last Dictator in Europe was Salazar in Portugal who left just recently, historically speakin in 1974.
Donnow what’s wrong with the Portuguese people but the Brazilians (who speak the same language) think they’re retarded. That’s at least what they told me.
(And all this without any googling mind you!
)
Bankers jailed, sued as Iceland seeks culprits for crisis http://forum.prisonplanet.com/index.php?topic=170782.0
@ Stacy: The vast majority of the people I know are against bailing out the Dutch people who brought their money to Icelandic banks in the fist place, and secondly they blame the DNB who should have stepped up in an earlier stage nuch more, I never heard anyone blaming Iceland itself.
Are accidents accidents when your car has been hacked?
http://news.bbc.co.uk/2/hi/technology/10119492.stm
@Frans
Well you maybe partly right but people are easily divided cause they’re stupid in their envy and projecting self pityness.
Most people are frustrated in their work and instinctively feel they are nothing more than modern slaves though they won’t admit that out of tribal culture. This hidden anger gets projected on people who, in their three cell brains don’t deserve anything. as such the Greek people were bashed by the German and the Dutch going in earlier retirement as them. Instead of trying to get an early retirement themselves they bash the other out of envy. Simple as that I’ve seen it many times.
Nothing is more fun for the boss than to pay some new workers more than the old and watch them fighting on the work floor (true story). Somehow they are too stupid to follow the rope-cause back to the boss. Hilarious.
So like Stacy said – instead of following the rope-cause back to the banksters they rather bash each other. The NWO knows that. Divide and Conquer is child’s play with so much idiots around unfortunately.
There is one thing that the banksters and the peasants have in common, according to Machiavelli, and that is the fact that ” A man forgets the death of his father earlier than the loss of his entire fortune” and this may work against the banksters in the end.
But at that time WOIII already started and the peasants will gather around their Lord to fight the evildoers. They will always be one step behind in their stupidity.
Gold getting REAL killed this morning!!!
Mike
Good morning to you Stacy and everyone.
Good night for me soon.
Good stuff!
And absolutely correct about Steve Keen and the Australian denial about the housing bubble. Here’s the latest headline from down under:
RBA warns lenders and borrowers to be prudent
http://smh.domain.com.au/real-estate-news/rba-warns-lenders-and-borrowers-to-be-prudent-20100518-vbft.html
The Reserve Bank of Australia (RBA) has warned lenders and borrowers to be prudent while giving an assurance that Australia does not have a speculative housing bubble on its hands.
Fears of a property bubble emerged after the Australian Bureau of Statistics house price index rose 20 per cent in the year to March.
But RBA head of financial stability Luci Ellis said in a speech that Australian house prices have recovered their small decline from 2008 to post increases of between about 12 to 15 per cent over the past year in capital cities, depending on the measure.
Ms Ellis said recent data suggested Australia does “not have a credit-fuelled speculative boom on our hands”.
Eh, I was meant to include the title from the front page of the Sydney Morning Herald:
No property bubble, RBA says
FDIC saddled with $400 million in CDOs: WSJ http://www.marketwatch.com/story/fdic-saddled-with-400-million-in-cdos-wsj-2010-05-18
Toxic CDOs Beset FDIC as Banks Fail http://online.wsj.com/article/SB10001424052748704314904575250811941096220.html?mod=WSJ_Markets_MIDDLETopNews
Tom O’Brien called a top in Gold on Friday and is expecting a sharp correction, down to 1075. He is expecting a “deflationary event”, and depending how things shape up, he thinks Gold could drop even lower (?)
http://classic.cnbc.com/id/15840232?video=1496317655&play=1
Max, what are you smoking???
at 4:15 you say America gave Europe a trillion dollar!
Who gave Europe something!!!
They maybe have an swap-aggrements to unlimited change between the currencies but nothing else.
@Frans – thanks; I guess I should have said the British people, or at least their media like the Daily Mail who were insisting the Icelandic people make good on their debts; but like the prosecutors have discovered, 2/3rds of all the loans on Kaupthings books were to people residing in London, most of them ‘non-doms’ from all over the world and were shareholders or associates of the bank . . . I see no reason that the Icelandic people should be held responsible for a very clear case of a criminal syndicate
@Paul
Are you in Los Angeles? It was a gray day today.
@ Jishcinger
How’s the card project coming along?
@Hawk
Tom O’Brien should know about Gold.
He IS a Leprechaun
50% tax on capital gains in United Kleptocrat.
Must pay back the banksters. Just the beginning.
@ Mini US
Hehe
I just thought I’d mention it here for the record. His record on Gold has been pretty good lately. He was ranked #1 Gold Timer in 2009 according to the Timer Digest Rankings. Anecdotally he observed that this is the first time he’s been on CNBC where the hosts did not make any negative comments on Gold. This certainly reflects a change in sentiment. Of course, from a longer term perspective I don’t think it marks “the” top, but the mainstream is slowly warming to the yellow metal.
@ Hawk
Interesting he referred to a deflationary event. Stocks look very shaky.
I didn’t really understand why those investors were getting out of large cap gold stocks and going ???somewhere else???
Maybe cashing up for another run at gold when/if it corrects.
He was talking short term but I think was still into gold long term.
Was that your take?
Of Paulson’s $21 billion in total notional holdings at March 31, 30% were held in names directly related to gold extraction, production or gold ETFs. http://www.zerohedge.com/article/complete-paulson-q1-portfolio-holdings-update-major-additions-financial-and-gold-exposure-ne
congrats greenpeace
http://www.greenpeace.org/international/en/news/features/Sweet-success-for-Kit-Kat-campaign/
guest on cnbc says big boys pull out of barrick and others sees gold at 1075
@hawk…sorry for repost…saw that and posted on previous board
His time horizon is short term (6 – 7 weeks), but he has taken all his money off the table and is waiting to see what transpires (i.e., selling all his Gold and Gold stocks). But this has to be put in context. He has been in Gold since 282.50, so as far as he’s concerned its had a good run. Also many mining equities have increased anywhere from 100% – 500%+. Given what he sees, he is putting all his money in cash and seeing what happens? His target is 1075, but he is waiting to see how we get there, and doesn’t rule out a move lower. But obviously we will have to wait and see.
Anyway, I’m just mentioning this for the record … obviously he may prove to be completely wrong, but it is definitely a contrarian call, and following the recent Euro rout, it does seem there is a bit of complacency in the Gold market.
?
“Always put one in the brain”
- Millers Crossing
The European Central Bank disclosed Monday that it had bought 16.5 billion euros in bonds http://www.nytimes.com/2010/05/18/business/global/18ecb.html?ref=economy
@ dan valley
Hehe, no worries.
Also, I think it should be added. Tom O’Brien is a trader. So he’s quite happy to be wrong, and will hop in and out of positions accordingly. But he’s had a pretty hot hand calling recent market turns.
btw Hemingway fought in the Spanish Civil war where Hitler tested his Stuka’s helping the fascistic Franco.\
Last Dictator in Europe was Salazar in Portugal who left just recently, historically speakin in 1974.
Donnow what’s wrong with the Portuguese people but the Brazilians (who speak the same language) think they’re retarded. That’s at least what they told me.
(And all this without any googling mind you!
I like that Picasso painting about that.
In regards to house prices in Australia, they haven’t crashed YET ! last words very important.
Good show as always Mr & Mrs Dodgy.
Chrysler Loan Leads To $2.1 BILLION Loss For Treasury
Taxpayer losses from bailing out Chrysler and General Motors are expected to rise as high as $34 billion, congressional auditors have said.
http://www.huffingtonpost.com/2010/05/17/chrysler-loan-leads-to-21_n_579404.html
@Hawk….tempting profit taking on that new you must admit
news
Upper Class Responsible For Rise In Consumer Spending http://tinyurl.com/25onblz
Goldman Sachs Publicly Supports Financial Reform, But Fights It With Lobbyists http://tinyurl.com/33hfx8q
Major Loophole In Senate Financial Reform Bill, Derivatives Reform May Be Illusory http://tinyurl.com/35gltl9
Great program!
On crime and corruption (by the global kakistocracy -Greek meaning “government/rule by the least qualified and most unprincipled citizenship”)
“CFTC whistleblower believes crash was attempted murder”
http://gata.org/node/8657
17 May, 2010 “…Andrew Maguire has “reluctantly come to believe” that the hit-and-run traffic crash in which he was involved shortly after his communications with the U.S. CFTC … was an attempt on his life.
… Maguire: “…the police won’t say anything, and I haven’t been able to learn anything about the assailant.”
Here’s Baseline Scenario’s financial crisis for beginners section:
http://baselinescenario.com/financial-crisis-for-beginners/
I’ve put the best of my recent financial crisis drawings together now into one web page – many of these drawings I’ve already posted on here, but I’ve added some explanations to make them more understandable:
http://davemiller.org/projects/bailouts_bonuses_austerity/
Richest man in China not too big to fail:
http://news.bbc.co.uk/2/hi/asia-pacific/8688623.stm
repost….Soros sold over 94 mln shares of Citigroup in Q1
http://www.reuters.com/article/idAFN1710589520100517?rpc=44
HAMP Update: Twice As Many Homeowners Kicked Out Of Obama Foreclosure Program As Given Permanent Relief, New Data Show http://www.huffingtonpost.com/2010/05/17/hamp-update-twice-as-many_n_579255.html
thank to Youri CARMA FOR THE LINK TO alex JONES WITH max KEISER
That was Raiders of the Lost Ark btw. He was swapping a gold statue with worthless sand. That boulder is coming…
http://www.youtube.com/watch?v=hgnlu-kpdOs
@Rolf
Yeah that was an epic scene in the beginning of the move.
btw a scorpion stings and doesn’t bite and I believe it was a turtle not a frog and when the turtle asks why did you sting me the scorpion answers
“Because I am a Scorpion”
A scorpion is one of the few animals who can sustain almost anything even an atomic war. You can freeze a scorpion in a block of ice for weeks, defrost it and the scorpion will just walk away. So I am wondering if he would drown anyways? Maybe the bugger just walks to the other side on the river floor?
@ Creative Destruction
I am in Los Angeles, and thereabouts…
Yes, quite the dreary day today. Debating whether to take some gains in gold…oh well…a good omelet will take the load off…
@Youri
I dont know about the Portugese being retarded, but from what I know about Brazil (I have family there) there’s huge inequality, often described as ‘social apartheid’: http://en.wikipedia.org/wiki/Social_apartheid_in_Brazil
@Youri:
Well I think it is hard to deny that there is some disfunctionality going on in Greece that can’t be sustained.
We all know who made it possible to grow.
@ Stacy: I fully agree that in Iceland it is all too clear that it was a big scam and that there is no logic at all in having the Icelandic people to bleed for it.
Governements, the law and the peopke are not up to the situation we are facing.
I learnt from designing high-end amplifiers that it doesn’t work trying to correct things at another place than where things go wrong.
I can’t help to look at it all as a very multidimensional structure. I don’t see the momenta for changing the system as it is so I think that a total financial collapse will be the only way to break down the corupt system, and hopefully we learn our lesson and be able to get a better system in place at the end.
This is interesting:
http://www.eiuresources.com/mediadir/default.asp?PR=620000762
http://www.brettonwoodsproject.org/art-27514
In lieu of this article (linked at Naked Capitalism):
http://blogs.telegraph.co.uk/finance/edmundconway/100005727/which-country-is-the-smuggest-of-them-all/
“Perhaps it’s another bit of proof that austerity can, counterintuitively, make people happier.”
Yes, the Telegraph believe in the happy peasant! And the IMF! (Greece is currently under an IMF standby agreement)
http://www.youtube.com/watch?v=OT4d0EdSFuU
Ooops Max. Jim Rogers actually has been LONGING the dollar for the last couple of months. He actually timed it PERFECTLY. Just find it on youtube.
We are Witnessing the Dying Convulsions of the Fiat Paper Currency System
http://www.parenting-healthy-children.com/Parenting.xml
Consumer Protection?!
http://online.wsj.com/article/SB10001424052748703460404575244394011199892.html#
http://www.cnbc.com/id/37195213
Proposed bank regulations hurting financials.
For God’s sake Max & Stacy stop mentioning Ireland in the same breath as Greece, how on earth do you expect us to keep our heads buried safely in the sand with youse two going on about it. We’re good little serfs over here, we’ve taken the 1st 4billion in cuts, we’re taking the 2nd 4billion in cuts, we’ll take the 3rd 4billionin cuts, we voted Yes to Europe. Please, please, pretty bitty please we’re not like Greece, we’re not like Iceland, no ‘cos we take it right up the jacksy, right up to the knot, like the thick Micks we are.
As for those mice, ye might want to stick a cat down yer drawers, to get rid of the cat you could stick a dog down yer drawers, to get rid of the dog you could stick a goat down yer drawers, to get rid of the goat ye could stick a cow down yer drawers, to get rid of the cow ye could stick a horse down yer drawers. Alternatively you could just change yer jocks.
M&S why not stick the full interview with Jim Rogers up as a podcast.
Re: Frog and the Scorpion
…….So, was Qutb right? Are humans fundamentally irrational?
….oh boy.
@Danny, Are humans fundamentally irrational? I think that question is a bit of a red herring. I would prefer to ask how do we sublimate our instincts positively.