Stacy Summary: This week we look at the scandals of lying children, probing banks, Wall Street barbarism and German fantasies. In the second half of the show, Max interviews J.S. Kim, Chief Investment Strategist for SmartKnowledgeU, about systemic fraud in the Wall Street casino scam and a return to the gold standard. **UPDATE** - Iceland news reporting on Max’s offer of one ounce of gold as reward for information leading to arrest of former Kaupthing chairman & co-CEO. **UPDATE 2** - J.S. Kim’s latest blog entry, “Bangkok Now, Who’s Next?”
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*How does that effect …..
In terms of resorting back to the gold standerd who does that effect countries such as South Africa(where Im orginally from) who mine a lot of gold ie: would it be based on how much countries have in there vaults or does mining and production come into it.Imjust a novice and may not know anything !!!
John’s argument on the 1 to 1 currency is sensible. Although it straps the economy with inefficiencies, it strongly reduces the opportunities of fraud through its “multiplying effect” of fractional reserve. As long as a means of exchange remains necessary due to our economic systems, the dilemma will be choosing between tight liquidity or fraud surplus.
Regarding lies, the reason people and now even children make excellent citizens, is because we live in a society that rewards fraud and deception. There is no negative reinforcement towards lying in modern cultures; au contraire, the more you lie, the better you´ll do socially, economically and politically.
After we get Wall Street reforms approved, we need to reform the carrot and the stick for ordinary people… /end sarcasm.
The LIE has become not just A moral category
But a pillar of the Government
Alexandr Solzhenitsyn
@ Mr Grinch, a confession in China is as relevant as one during the Inquisition or from Abu Ghraib. It’s only a matter of time until it comes out that people were targeted specifically for one or more of their organs by China’s “justice” system.
….even better GOLD BRACES!
Great work guys.
I do love the tongue in cheek bell noise when Max forgets “rttv.ru”
Stacy and Max are really finding their groove with the TV end these days…
Max wearing his “trader look” suits is the visual bomb….
I wanna see Max in red braces the day gold hits 1500 …givin’ it the full Gorden Gekko!
This is a message I emailed to all in reference to the Bangkok article…..I reside here in Thailand.
Make sure you read all of this. I have been in this mall countless times. The author is accurate in all his statements but he is still mentioning only a small portion of what truly is going on.
This global economic collapse is an agenda. It is deliberate. It is being done by a conglomerate that has superceded the power of all governments with the United States as an employee.
I have come across information that I find reliable which makes the statement that in two !! years, the USA will be unrecognizable and that within two !! years the American people will be so poor that they will be unable to rebel. Americans are currently mildly unsettled with much business as usual with most. They are not preparing for what is coming. The conglomerate WANTS to has been preparing for decades to break and ruin the United States and the US elite government is “employed” by them to do so. Obama is a complete puppet and employee of the conglomerate without question or debate.
This is agenda for global crisis. It is deliberate and it is wanted. There is only one (virtually impossible) solution for citizens of the globe…… by – pass the currencies set forth by the bankers both now and in the future and form a trade barter system by all the citizens.
Almost all 1st world governments are in alliance with the banking conglomerate and refuse to print their own money for the benefit of their partner in crime… the conglomerate. The citizens ONLY hope is to bypass these criminals currencies of debt control that the conglomerate and partnership elite governmental powers have devised through their fractional reserve debt system. This solution is virtually impossible… yes……..but it is the only way…. there are no alternatives.
Bangkok Now, Who’s Next?
Nearly all accounting is a fraud. It defines a narrow range of economic activities through the isolated personification of a business in a perverse misrepresentation of reality. As if any business is ever isolated. Extracting $1 in net profit from the plunder of $50 in natural wealth, simply shows up as $1 in net profit, the $50 in destruction being left off book on nature’s balance sheet.
It is no wonder that such a system based on fraud, degenerates into fraud amongst it’s peers, especially when the wealth of it’s initial big fish (the natural world) starts weakening significantly.
Max
Gotta love this…. The Chinese justice system knows how to deal with these vampire banksters. Very old Roman code (12 tables) ala pound of flesh….
“TABLE III (Debt)
Aeris confessi rebusque iure iudicatis XXX dies iusti sunto.
A person who admits to owing money or has been adjudged to owe money must be given 30 days to pay.
Post deinde manus iniectio esto. In ius ducito. Ni iudicatum facit aut quis endo eo in iure vindicit, secum ducito, vincito aut nervo aut compedibus XV pondo, ne maiore aut si volet minore vincito. Si volet suo vivito, ni suo vivit, qui eum vinctum habebit, libras faris endo dies dato. Si volet, plus dato.
After then, the creditor can lay hands on him and haul him to court. If he does not satisfy the judgment and no one is surety for him, the creditor may take the defendant with him in stocks or chains with a weight of no more than 15 lbs. (or less if he desires). The debtor may live where he wishes. If he does not live on his own, the creditor must give him a pound of wheat a day. If he wants to he may give more.
Tertiis nundinis partis secanto. Si plus minusve secuerunt, se fraude esto.
On the third market day, (creditors) may cut pieces. If they take more than they are due, they do so with impunity.
Adversus hostem aeterna auctoritas esto.
Against a foreigner, the right of property is valid forever.”
http://www.dailymail.co.uk/news/worldnews/article-1165416/Chinas-hi-tech-death-van-criminals-executed-organs-sold-black-market.html
China’s hi-tech ‘death van’ where criminals are executed and then their organs are sold on black market
By ANDREW MALONE Last updated at 11:14 PM on 27th March 2009
Death will come soon for Jiang Yong. A corrupt local planning official with a taste for the high life, Yong solicited money from businessmen eager to expand in China’s economic boom.
Showering gifts on his mistress, known as Madam Tang, the unmarried official took more than £1 million in bribes from entrepreneurs wanting permission to build skyscrapers on land which had previously been protected from development.
But Yong, a portly, bespectacled figure, was caught by the Chinese authorities during a purge on corrupt local officials last year.
He confessed and was sentenced to death. China executed 1,715 people last year, so one more death would hardly be remarkable.
Disguised: The execution vehicle looks like a normal police van
But there will be nothing ordinary about Yong’s death by lethal injection. Unless he wins an appeal, he will draw his final breath strapped inside a vehicle that has been specially developed to make executions more cost-effective and efficient.
In chilling echoes of the ‘gas-wagon’ project pioneered by the Nazis to slaughter criminals, the mentally ill and Jews, this former member of the China People’s Party will be handcuffed to a so-called ‘humane’ bed and executed inside a gleaming new, hi-tech, mobile ‘death van.’
After trials of the mobile execution service were launched quietly three years ago – then hushed up to prevent an international row about the abuse of human rights before the Olympics last summer – these vehicles are now being deployed across China.
The number of executions is expected to rise to a staggering 10,000 people this year (not an impossible figure given that at least 68 crimes – including tax evasion and fraud – are punishable by death in China).
Developed by Jinguan Auto, which also makes bullet-proof limousines for the new rich in this vast country of 1.3 billion people, the vans appear unremarkable.
They cost £60,000, can reach top speeds of 80mph and look like a police vehicle on patrol. Inside, however, the ‘death vans’ look more like operating theatres.
Executions are monitored by video to ensure they comply with strict rules, making it possible to describe precisely how Jiang Yong will die. After being sedated at the local prison, he will be loaded into the van and strapped to an electric-powered stretcher.
This then glides automatically towards the centre of the van, where doctors will administer three drugs: sodium thiopental to cause unconsciousness; pancuronium bromide to stop breathing and, finally, potassium chloride to stop the heart.
Death is reputed to be quick and painless – not that there is anyone to testify to this. The idea for such a ‘modern’ scheme is rooted in one of the darkest episodes in human history.
The Nazis used adapted vans as mobile gas chambers from 1940 until the end of World War II. In order to make the best use of time spent transporting criminals and Jewish prisoners, Hitler’s scientists developed the vehicles with a hermetically sealed cabin that was filled with carbon monoxide carried by a tube from the exhaust pipes.
The vans were first tested on child patients in a Polish psychiatric hospital in 1940. The Nazis then developed bigger models to carry up to 50 prisoners. They looked like furniture removal vans. Those to be killed were ordered to hand over their valuables, then stripped and locked inside.
As gas was pumped into the container and the van headed towards graves being dug by other prisoners, the muffled cries of those inside could be heard, along with banging on the side.
With the ‘cargo’ dead, all that remained was for gold fillings to be hacked from the victims’ mouths, before the bodies were tipped into the graves.
Now, six decades later, just like the Nazis, China insists these death vans are ‘progress’.
The vans save money on building execution facilities in prisons or courts. And they mean that prisoners can be executed locally, closer to communities where they broke the law.
continues at length
http://www.dailymail.co.uk/news/worldnews/article-1165416/Chinas-hi-tech-death-van-criminals-executed-organs-sold-black-market.html
@ around 22:15 Mr Kim says the gold standard gives the power to the people to value money. This is completely bass-ackwards. I suggest reading “The Lost Science of Money” if you’re confused about the history of the gold standard and how it has been shown that throughout history it has been a complete failure. It’s a commodity that can vary in price, there can be shortages and oversupplies of it, its price can be manipulated, those with the most exert undue political influence, on and on. It has intrinsic value (melt value, jewelry, coinage) and extrinsic value (money). You can’t have a currency that has wild fluctuations so you have to set a price, which the market does, certainly not the “people” as Mr Kim says. If you’re going to set the price you have a fiat currency that has ‘some’ melt value. If you do that, why not peg your currency to the price of wheat or some basket of commodities. Civilizations found out long ago that it doesn’t matter what your currency is based on, it’s WHO controls the SUPPLY. The Continental currency worked fine until the British counterfeited the poo out of it. And the Greenback worked well until the bankers took control (again! for about the fourth time) after Lincoln’s death.
Look, this is simple. The giant national debt is, at its core, due to the impossible math of fractional reserve lending. We’ve hit the debt saturation point. The power to create money must be returned to ‘the people’ as you suggest and in a representative democracy that means Congress. Ever wonder why the founding fathers put it in the Constitution (Article 1 Section 8)? A corrupted Congress (gee…imagine that) in 1913 screwed the people over by putting the power to make money out of thin air into the hands of private banks and it’s taken right around 100 years for it to hit the exponential ceiling and start unraveling. Fix this and you fix the world.
Please do not use the word “orchestrating” unless you are speaking of the genuine composing of music. Writing music is hard and heartfelt; manipulating markets is loveless (unless you have kinder to support).
Max, great show as always but please LOSE THE WIG. So what if youre thinning – just dont do the Bobby Charlton – its very undignified.
@stacyherbert:
You never forget the Irish, Many thanks for that..
Great show as usual!
When is Gerald C on?
The message of the recent study that Stacy quoted at the beginning is really very old information.
Confirming the acceptability of lying was Dr. Michael Lewis of the New Jersey Robert Wood Johnson Medical School on NBC’s “Today Show” (January 22, 1990) when he said: “Lying is an important part of social life, and children who are unable to do it are children who may have developmental problems.”
Twenty years ago, there were many studies showing that the growing acceptability of lying was already far advanced. Keep in mind there are many forms of lying. The “little white lies” and “fudging” of old has morphed into universal fraud.
Today, I see everything through the lens that our media, our teachers, our scientists, our clergy, our media people, our business and financial people, our “elected representatives” – virtually everyone all around us – are lying to us. There fake debates and political theatre are also a form of lying.
The social engineers in the USA from the 1930s onward did several things to make lying not only more acceptable, but actually necessary to succeed.
One example — a federal court in the 1980s ruled that public school students could be forced to read a series of (35) stories that had children lying or rebelling against their parents with no negative consequences.
Really all forms of immorality is lying.
@Snoots
Have you read Keynes’ General Theory?
I’m still waiting for my copy (should be here today or tomorrow)
@sklein,….Thanks for the heads up bud’,….
But I don’t trust any website, (and nor should anyone,IMO) until I’ve had a chance to discern the facts,..
For my information,..why do you say this?
BTW: I recommended it, because most folk on this site are easily led by politics,…and it’s more on topic with what they discuss here!
Personally, I have far reaching ideas of how things “really” are,..hence my disconcerting attitude,..now and again : )
http://www.naturalnews.com/028830_brst_cancer_pomegranates.html
http://www.lib-art.com/imgpaintingthumb/7/4/t7347-madonna-of-the-pomegranate-sandro-botticelli.jpg
Synthesis is always the Hegelian ideal, right?
@MotherEarth:
Do you think this new order will by a sythesis of both Keynesian and Austrian (left and right) (although Keynesian is really right of Austrian, we’ve been told it’s to the left) and the domestic policy will be Austrian but the policy for the elite will be Keynesian frolics?
Dedo,
re. global gov website.
I wouldn’t trust that site if I were you.
http://www.youtube.com/watch?v=p-y_1SOC2L0
New Gold Standard by jberni
Mother Earth:
Right?
http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp138.pdf
http://www.forbes.com/2010/05/19/greece-economy-europe-currency-oxford-analytica.html?boxes=Homepagelighttop
Promise me, Dorothy, you won’t react to the shock.
But, Scarecrow, it’s bound to hurt!
Yes, but then you run right into a trap!
When do I get the ruby slippers?
Those slippers are only found in your dreams, Dorothy.
@Snoot
Economics = The most destructive bullshit ever to insult human intelligence..
Kenesian economics is responsible for the pending death of 2/3 of our ecosystem and all Keynsians in positions of responsibility should be fired asap.
@Nic
Thought as of 2 days ago she was the regulator?
Maps…
http://www.poemhunter.com/poem/the-map/
Let’s put this succinctly, Guisseppi.
Authoritarian capitalism=Keynesian economics=Multilateral exchange rate system
Semantics is a waste here.
More of reasons USA is on final approach to total socio-economic implosion – “liars make better citizens (and banksters)”. Yeah, got it.
Victims of USA “law enforcers”
http://lanejudson.com/OFFICER_INVOLVED_FATALITIES.htm
However, USA is not headed for “dustbin of history”.
USA is going down the toilet pipes with the bowel movement.
WWI, communist “revolution”, WWII, “cold war”, Mao’s utopia (minus about 40 million souls), Vietnam (clash of competing “utopias” democracy-capitalism, democracy-socialism -minus 5 million SE Asian peoples slaughtered for the cause) Iraq I and II, Afghanistan I (the socialism in a hurry version), Afghan II (democracy in a hurry) a.k.a. global mass slaughter and looting of resource wealth)
funded, enabled by “good citizen” (a.k.a. liars) – the global banksters
Optimum Currency Area? Eurozone at present does not meet the criteria:
http://en.wikipedia.org/wiki/Optimum_currency_area
http://www.econ.ku.dk/okombe/intmonecon/slidesch13part2.pdf
(Merkel is working for the people who use the arbitrary rulings above to determine their own profit margins in redrawing maps.)
http://www.oecd.org/dataoecd/12/18/38705009.pdf
@Snoots
Dr. Keen falls into the Post-Keynesian/Neo-Minskyan (for lack of a better term) class of economists…
So he does attach some of his theories to Keynes’ “General Theory”, but he does not subscribe to the Keynesian Per-Version that has been promulgated by those who consider themselves Keynesian proper…
Meanwhile at the Senate Hearing on the Flash Crash
http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.LiveStream
Very topical for this discussion. Merkel demands honesty in regulators
http://www.ft.com/cms/s/0/d1011fc6-6402-11df-ad7c-00144feab49a.html
Sub-90 Yen.
“Even states that would be expressly excluded would be able to get in a devastating parting shot: the southern European economies could simply default on any debt held by entities within the countries of the new eurozone.” (Asia Times link)
Default is not an option for states under the IMF Stand-by-Agreement.
@BrandonSachs:
“One creative option making the rounds would allow the European Union to technically expel members without breaking the treaties. It would involve setting up a new European Union without the offending state (say, Greece) and establishing within the new institutions a new eurozone as well. Such manipulations would not necessarily destroy the existing European Union; its major members would “simply” recreate the institutions without the member they do not much care for.”
http://www.atimes.com/atimes/Global_Economy/LE21Dj02.html
Rick Santelli still talking about melt up in gold due to lurking paper gold.
http://www.cnbc.com/id/15840232?video=1499179071&play=1
http://www.bis.org/review/r100428b.pdf
http://www.cfr.org/publication/21987/trichet.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%2Bcfr_main%2B%28CFR.org%2B-%2BMain%2BSite%2BFeed%29
Trichet: Global Governance Today (Video)
Mother Earth,
That proposed currency union in the German newspaper blew me away Germany, Austria, Benelux, Poland, Czech Republic-Bohemia, among others. Those lands were all apart of the old Holy Roman Empire which dominated Europe for centuries. Solvenia was also apart of the old empire and they use the Euro too.
Can we recognize freer metals trade by reduced synchronicity? Metals now follow gold with a real delay, whereas before the moves where synchonous for gold and silver and contrarian for pl and pa..
@Stacy
Brown at the IMF, probably his reward for selling the gold..
http://www.telegraph.co.uk/news/worldnews/europe/eu/7326640/War-in-the-EU-as-Herman-Van-Rompuy-makes-power-grab.html
Mike in Liverpool,
Blair siad the Prime Minister Heath told Blair that Blair was to his his right. Heath was the Tory Prime Minister from 1970-1974.
Futures market has an express message of deflation this morning:
http://quotes.ino.com/analysis/extremes/futures
The same voices raised in derision against US citizens for their inability to halt TARP and the banksters are now in a chorus of praise concerning the EU support of banker tyranny.
It makes one wonder if the US is expendible in favor of a new form of hegemony running out of Europe. Didn’t the EU indicate they want to become “change agents” for the world?
In which case: who are these people wielding such power over governments and the press?
@Marietta:
It would seem the problematic here is that Merkel and the EU commission are using this manufactured turmoil (ban on shorts) to forward an agenda consolidating control over eurozone fiscal policy. It’s called never letting a good crisis go to waste.
I wonder why the outrage felt against Paulson/Bernanke/Cox is not expressed concerning this latest power grab by the G20 banks/IMF/BIS.
TARP granted IMF control over a 700B dollar perpetual line of credit (Keynesian funding) being used to restructure US financial markets: and now the IMF looks set to consolidate control over European peripheral fiscal policy as well. They will perhaps have a Euopean version of TARP (‘bailout’ serving as credit line).
@Mongo – the rumor is that Gordon Brown will replace Strauss-Kahn at the IMF when/if SK steps down to run for president of France
If you want to figure out who will win next nobel prize in economics or peace price just look at the elitist movement forging the new political landscape.. I wouldn’t be surprised if Alistair Darling or Gordon Brown got one for their great work…..
Chavez wants US to ID money laundering suspects
http://tinyurl.com/399j7af
BP is using clean-up chemicals that are poisoning fishermen. Chemcals can ead to sickness and death. BP will do anything to avoid paying compensation to fishermen. (via Wayne Madsen)
http://www.wdsu.com/health/23615203/detail.html
Elvis Costello boycotts Israel.
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/20/AR2010052000734.html
@ Frans I get a kick out to the ups and downs.. ups always better of course, but its much better after a real nasty down LMAO
Why what do you think we will see? loop the loop…. i bet china and Russia and India cant wait for miss allocations and positions, they are hungry it appears.
O and Mike/Liverpool keep up the sarcasm.. lol
Mike
See if Bob’s right:
http://www.321gold.com/editorials/hoye/hoye051910.html
@Stacy:
Didn’t Steve Keen indicate his support of the new multilateral exchange rate system being proposed by the UN? How can this system be called anything but Keynesian?
INformative discussion on naked shorting. Hong KOng has had a permanent ban on naked shorting and they don’t seem to be suffering.
http://www.cnbc.com/id/15840232?video=1499127225&play=1
Dubai World restructures debt.
http://www.trouw.nl/nieuws/economie/article3072817.ece/Dubai_World_sluit_overeenkomst_over_schulden.html
(translate with google)
@Mike
Gold a little bit volatile: SO WHAT??
I prefer silver: much more spectacular moves up **and** down!
(I am only 80% in, so nothing to worry: still have some cash
If you can’t take this kind of volatility get out right now, we ain’t seen nothing yet.
free access to WSJ.com today
http://online.wsj.com/home-page
Fourth reich..Max read my comments..
Bankers bad
85% of population do not care
Not until rich become the bitches
Will the Shit Hit the Fan
Matrix dwellers awaken from a bad dream made good by illusion.
Buy til ya die, Buy til ya die, Buy til ya die
Repeat , Yo
Check this out, a comedian tell more truths than mainstream media
http://www.youtube.com/user/fknnewz#p/a/u/1/Dmn1r1ntUlk
@white hunter – so did trichet which is why I follow with his quote that the crisis is worse than ww2 and more like back to ww1 . . . and @grisu is in germany
evidently, i have none either because i thought it right before max said it; kind of creepy
Fourth Reich???
Tsk Tsk Tsk
You have no honor and no class.
@Snoot
Get him to read this out
http://www.worldburnsclub.com/poems/translations/a_parcel_of_rogues_in_a_nation.htm
‘We’re bought and sold for English gold’–
Such a parcel of rogues in a nation!
@Yall
Watching the swearing in of the commons, they can affirm or swear before god. The socialists mostly affirm, the Old nuLabour front bench almost to a man. The conservatives swear apart from a few, only one promiment one that i noticed and that was Letwin, the “master mind” behind the conservative campaign. They were then introduced to the speaker where some dodgy handshaking was spotted, just some.
Stacy
Weep woman, weep at the death of Gold!
Sob
Mike
@Aleix – Steve Keen is a Krugmanite? You’re obviously talking out of your bottom without having made an even cursory glance at Keen’s work; in his book, “Debunking Economics” Keen says in no uncertain terms that the likes of Krugman and other neo-classical and Keynesian economists are a danger to the global economy.
@ Wahrheit
Your link doesn’t work
@ Aliex
What makes you think that Steve Keen is a krugmanite?
(and what defines a “krugmanite?)
To Europe! To Van Rompuy! To Luther! To twelve stars crowned!
Welcome sprites of spring
Take heart, new hegemony
Makes fast your longing
for M&S:
(you’ve prob already heard)
Matisse, Picasso works nabbed in Paris heist
http://www.abc.net.au/news/stories/2010/05/20/2905300.htm
Five works including paintings by modern masters Henri Matisse and Pablo Picasso have been stolen from a Paris museum, officials say.
The canvases – worth a total of 500 million euros (Au$743 million) – were discovered missing from the city-run Musee d’Art Moderne when it opened its doors on Thursday.
On lying, criminals & corporatocracy read:
http://www.amazon.co.uk/Snakes-Suits-When-Psychopaths-Work/dp/0061147893/ref=sr_1_1?ie=UTF8&qid=1274359166&sr=8-1-catcorr
Palladium falling off a cliff – platinum and silver not far behind with Gold losing ground but to a lesser extent.
Chavez “fighting against speculators”?? Come on Max you guys show your commie bias when letting out crap like that.
Bad enough was the interview with krugmanite Steve Keen.
Here’s a pretty good site, to keep up with developments,…
http://www.globalgovernancewatch.org/economics/
Is this your man? Maybe send him an e-mail LOL.
http://is.linkedin.com/pub/einar-sigurdur-einarsson/12/8aa/4a5
lincoln could not have raped the south without his printing of illegal fiat currency; note the section ABRAHAM LINCOLN AND THE CIVIL WAR (1861 – 1865)
http://www.xat.org/xat/usury.html
ron paul has pointed out that these imperial wars would not be possible with a gold standard; simply not enough gold to finance it, but this also implies that the welfare state would not exist.
Diffidently, ever so diffidently, Van Rompuy plies his poetry:
http://andrewjburgess-eu.blogspot.com/2010/04/haiku-herman-van-rompuy-launches-his.html
Max,
With stories like this about Goldman cheating their clients becoming mainstream:
http://www.bloomberg.com/apps/news?pid=20601010&sid=aF5tV7uvY0FU
Isn’t it time to start a Karmabank boycott + short sale of GS?
I don’t know who GS’s main clients are but if you could get a few of then to publicly announce they are leaving GS as dishonest, wouldn’t that knock down their stock price a bit. Heck everybody on MK.com could sell short one or two shares I think. Max, you could sell some of your gold temporarilly and then naked short them down to 10% their current value. Then we could all use to proceeds to re-invest in gold.
(See also Reggie MIddleton’s take on GS:
http://www.zerohedge.com/article/no-one-can-say-i-didn’t-warn-them-about-goldman-sachs-several-times…
)
Why Gold and Silver are NOT the answer – an interview with the author of “The lost science of money” Stephen Zarlenga
http://gnosticmedia.podomatic.com/player/web/2009-12-20T22_00_40-08_00
A setting in which he’d be most at home…
Sounds like a ‘shrinking violet’ to me.
Van Rompuy is the best Europe could do?
“”Hair blows in the wind/after years there is still wind/sadly no more hair,” has become his most famous composition, but the bulk of the haikus are miniature odes to nature and the outdoors, a setting in which he seems most at home.”
http://www.independent.co.uk/news/people/profiles/herman-van-rompuy-profile-belgiums-diffident-haiku-poet-steps-from-the-shadows-1824102.html
(If my haiku was that bad, I’d be diffident as well)
Zapped.
@Zaphed:
You exhaust the possible avenues termed stupidity.
@zaphodity – you’re not going to go on a dozens long comment spree again, are you?
@L your full of shit, keep your own house in order before you blame the mess it’s created on others.
@L
Maybe the U.S. should do the same ? THERE it is again..good old American patriotism baring its ass in the face of sanity.
OOPS ! did I say dognut ? I meant doughnut…But you get my meaning.
It’s interesting that Keynesians, like Paul Krugman, make the argument that the Chinese have no choice but to conclude that the US gov’t is “too big to fail.” In other words, while the Chinese execute corrupt officials and bankers at home, they will keep subsidizing ours.
The U.S. as usual is acting like the fat bully in the playground with the biggest jelly doghnut..and ruining it for the rest of the world..as usual
“The ministers will be in Brussels to participate in the inaugural gathering of a task-force set up by Herman Van Rompuy, the president of the European Council, to agree reforms to economic governance. The reforms are supposed to prevent any repetition of the current crisis, and to convince markets that the EU is serious about consolidating its public finances.”
http://www.europeanvoice.com/article/imported/eu-tries-to-resolve-debt-crisis-differences/68002.aspx
http://www.thomaswhite.com/explore-the-world/global-players/herman-van-rompuy.aspx
VonRompuy: a Keynesian dweeb:
” But for his post-graduate studies, Van Rompuy traded his works of Plato for those of Keynes in pursuit of a master’s degree in economics.”
No, I think once regulators start doing their stuff in the U.S. and stop all this fraud things will improve in the world markets. Maybe China has implemented short selling in a “can’t beat em’ join em” mentality ?
…Gold would be worth , what ? 100,000,000 dollars an ounce, catering for how much debt/money is circulating in the system presently. Doesn’t seem realistic.
Not enough gold to implement a true gold standard for money, I remember Max himself saying so awhile ago.
http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/114585.pdf
Task Force
established by the March 2010 European Council
The farce of Merkel was precipitated by the March EU Council:
“Furthermore, we commit to promote a strong coordination of economic policies in Europe. We consider that the European Council must improve the economic governance of the European Union and we propose to increase its role in economic coordination and the definition of the European Union growth strategy…
For the future, surveillance of economic and budgetary risks and the instruments for their prevention, including the Excessive Deficit Procedure, must be strengthened. Moreover, we need a robust framework for crisis resolution respecting the principle of member states’ own budgetary responsibility.”
http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/113563.pdf
Hey Max
http://www.guardian.co.uk/world/2010/may/20/computer-hacker-gary-mckinnon-extradition-on-hold
The New Tory-Lib goverment is MORE left wing than the out going Fasist Labour goverment!
Mike
MAX is cheap!! CHEAP!!!
Hey,..you’ll never guess who I bumped into on the way to the opticians,…
Everybody !! : /
You’ve been reading too much Denninger, Mother. He’s full of sh*t.
Has anybody noticed that now that Europe has proven to have independent leadership
Independent leadership? The EU Council?
Hahahahah!
That’s funny, mother.
Has anybody noticed that now that Europe has proven to have independent leadership the US is thrown back into the war with China scenario, and that they are not wasting time on that?
“collaboration between economists and criminologists is rare”
“rare”?
OMG Thievery is bad!! exclaims Galbraith. What are we going to do now????
http://www.youtube.com/watch?v=4VquXQWQW4s
One could one reasonably say that leaders and the public who are under the control of bankers are infected with a mind virus. (See http://agnostic.tk) Their minds are taken over by infectious memes, like “greed is good” or “lying means you’re smart”.
Max is the dis-infector.
@Max
Employment is not an indicator of economic growth. You forget mechanization of the industry makes full employment unnecessary. It does not fit with traditional economics, and that is one of the major shortcommings of keynsianism, it is basted on scarcity and depletion while claiming to be sustainable.
KR44
J.S. Kim – sharp analyst
good reading at his blog:
http://www.theundergroundinvestor.com/
ELO ALL ! Hi Maxwell and 99 if your staring at your puter screenies at the moment…watching stocks..and such.. GREAT SHOW..keep up the good work it’s appreciated.
Fiat
Broken into twice
Carjacked once
Shot at once
Mike
Ah………..news on one of Max’s interests!
http://www.dailymail.co.uk/femail/article-1279787/The-files-damn-Roman-Polanski-Court-account-director-really-did-girl-13.html
Mike
Mike
You live in Liverpool
Its amazing you never got your bike nicked
@Mike. don’t cry in june when it goes to the moon.
@Mike. sell in may and go away. no really. get lost.
On a differant track, i been for a bike ride in my old home town……….shocked!
I lived there on & off for 35 years………..NEVER have i seen so many “For Sale” signs………..& they poped up suddenly!
Mike
I am getting KILLED……What are you doing about it Keiser?
Mind you, Max is one of “Them”.
Mike
in 1966 i could buy a gallon of gas with a canadian quarter. still can with a 66 quarter.
cramer. http://www.youtube.com/watch?v=JxPVUSTqpEc
you can make a buck any where if your GS. http://www.picassodreams.com/picasso_dreams/2010/05/media-ignores-goldman-sachs-ties-to-corexit-dispersant.html
GERMAN SECURITIES BAN MUCH NARROWER THAN ORIGINALLY THOUGHT
http://www.parenting-healthy-children.com/Parenting.xml
good show. shame. http://rwer.wordpress.com/2010/05/18/i-write-to-you-from-a-disgraced-profession/
Greece braces as new anti-austerity strike begins http://market-ticker.org/archives/2334-To-Greece-Nut-Up-Or-Shut-Up.html
To Greece: Nut Up Or Shut Up by Karl Denninger (Market Ticker) Time to call the bluff: http://market-ticker.org/archives/2334-To-Greece-Nut-Up-Or-Shut-Up.html
Solid show. Especially when Stacy so deftly read “gross dereliction of fiduciary trust”.
GREECE: Global Resurrection against the Banking Cartel
Απευθείας σύνδεση με την Πλατεία Συντάγματος (Direct link to Syntagma Square) Flash Camera 3 http://www.zougla.gr/page.ashx?pid=2&aid=55287
hope gold comes down to 1100 so i can buy some more