Stacy Summary: We look at the latest scandals of invisible gorillas, virtual pay and China’s hi-tech underclass. In the second half of the show, Max talks to Ellen Brown, author of Web of Debt, about ‘deficit terrorism.’
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Most recent: 
!Basta Ya!
http://es.netlog.com/go/explore/videos/videoid=es-3883835
This is a legendary Spanish group who also wrote the great Classic ‘Heroina’.
Most of which they wrote in jail
http://es.netlog.com/go/explore/videos/videoid=es-4057719
This pure gold folks.
Great Show Folks!
Love ya guys boiling it down and putting it in a bigger perspective and cunning comparisons or parallels too!
Goldman Sachs SELF ADMITS – BANKS NOT PASSING FULL BENEFIT OF LOW RATES!!!!, HIGHER MORTGAGE RATES COMING 28 June 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/goldman-takes-axe-bank-earnings-finreg-sees-higher-mortgage-rates-coming
Everybody is Firing but Wall Street is Hiring – Guaranteed Bonuses Return 28 June 2010, by Michael J. Moore (Bloomberg) http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aHbUuvjNE4ZY
Wall Street’s Invisible Gorilla is killing America’s soul – Why millions of Main Street investors cannot see they’re destroying capitalism 22 june 2010, by Paul B. Farrell (MarketWatch) http://www.marketwatch.com/story/an-invisible-gorilla-is-killing-americas-soul-2010-06-22
Tony…yeah, she even says as much…at 23:08..I say let the banks continue to hoard the cash….What we need is a competitive currency then the bankers can keep all that shitty paper that the world is no longer using.
Heh.
She said my favorite word:
Quadrillion
I hope the Russian government heard what Max said. I hope they are preparing to kick in the nuts the franchise of the Federal Reserve called the Central Bank.
I think this Ellen Brown chick is a bit of a whack job.
What’s this ridiculousness about savvy Argentine economic policies. Oh yeah, sure. After they devalued the peso by 2/3rds, sure, they were able to achieve some economic growth with low inflation. (for a while anyway)
Ellen’s just another Nanny.
Great episode… “citizen” to “consumer” to “gamer”…
ellen brown. so fucking right. she needs a trim. big time.
If they want us to lie down and take it up the ass, they might at least give us some rousing national icon: say Uncle Sam or Lady Columbia!
All we have is Obama and his icons suck.
http://www.youtube.com/watch?v=tRGlAjBSlec
U.S. GOV can kill ANYONE including YOU without trial COVERTLY !!
Enjoy your freedoms
The Chinese are desperate to live abroad, just not in England if possible
http://blogs.telegraph.co.uk/news/malcolmmoore/100044747/the-chinese-are-desperate-to-live-abroad-just-not-in-england-if-possible/
http://www.imf.org/external/np/mfd/er/2004/eng/0604.htm
The ignorance of exchange rate policy and the resultant monetary policy is observed only through deceit of those who pretend to know nothing about the importance of exchange rate policy.
hahahaha~ha!
The reform of the IMF will see autonomous multilateral exchange rate control set globally by one institution (my guess is European).
Funny, fake businessmen used as props in Chinese business..
http://tinyurl.com/39hmpxx
No, This Is Not An Onion Headline: S&P Puts Moody’s On Downgrade Review
http://www.zerohedge.com/article/no-not-onion-headline-sp-puts-moodys-downgrade-review
LOL
Systemic Risk = keeping the same system going
“National Security has never been more captive to economic security than it is today… [Through] global capital flows and the capital and commodities markets that accommodate those flows, . . . currencies can be destroyed, inflation can be transmitted, reserves can be depleted, and financial institutions can be destabilized.”
From :
Economics and Financial Attacks
http://www.jhuapl.edu/urw_symposium/proceedings/2009/Authors/Rickards.pdf
From Russia with love
http://dealbreaker.com/tag/anna-chapman/
http://www.economicpolicyjournal.com/2010/06/hot-rumor-roubini-and-russian-spy.html
Vrabels plan (well, the Plan according to interpretation and repetition)
1.Treasury issues the money (IMF controls fiscal policy: global regulator controls monetary policy)
2.Fed ‘nationalized’ (hahahaha)
3.Usury laws control quantity (I guess that means apartheid for we the people)
4.State banks replace regional Fed Control (post dollar-index-exchange mind you)
5.Deleverage banks (but of course that doesn’t include the sdr-index-account privileged polo club members)
6.Derivative out (can’t have private bank liquidity)
7.Break up the TBTF (not to include the BIS, IMF, World Bank Group, or sdr-inspired and maintained Regional Development Banks or the ECB)
Well, Geez. Argue with me. Where my BS?
I for one am not detached from the form of governance being force-fed the public here in America. I don’t like fascists.
Max & Stacy Rock!!!!
Rock On!!!!
Bullshit is the header for our daily bread in America: while we still have some.
Well, I’m sorry to be the one to tell you that the North Dakota State Bank is not “small and local”, that there are sovereign wealth funds operating in the US, and that the plan, outlined by Vrabel, is quite concise in handing our monetary and fiscal policy to the European bankers.
Geez, Ellen Brown is a lawyer.
Corruption is rooted in human nature, keeping things small and local minimizes corruption and no I am not from Germany. One doesn’t have to be German to see through your BS
State-owned banks are not the answer for corruption:
http://www.spiegel.de/international/business/0,1518,536635,00.html
Aren’t you from Germany, Ggees?
Guest Post: The Original Dollar Crisis And How It Led To Today’s Crisis – Part 1
http://www.zerohedge.com/article/guest-post-original-dollar-crisis-and-how-it-led-todays-crisis-part-1
…By April, 1968, a special meeting of the Group of Ten was convened, in Stockholm, at Washington’s request. U.S. officials planned to unveil yet another scheme, the creation of a new “paper gold” substitute through the IMF, so-called Special Drawing Rights (SDRs), in an effort to postpone the day of reckoning still further….
About BND
Deposit Base
In contrast to most commercial banks, Bank of North Dakota (BND) is not a member of the Federal Deposit Insurance Corporation (FDIC). North Dakota Century Code 6-09-10 provides that all BND deposits are guaranteed by the full faith and credit of the State of North Dakota.
The deposit base of BND is unique. Its primary deposit base is the State of North Dakota. All state funds and funds of state institutions are deposited with Bank of North Dakota, as required by law. Other deposits are accepted from any source, private citizens to the U.S. government.
Policy and Governance
The state Industrial Commission oversees Bank of North Dakota, as mandated by the 1919 state legislature. Members of the Industrial Commission are the Governor, who acts as chairman, the Attorney General and the Commissioner of Agriculture of the State of North Dakota.
The Bank also has a seven-member Advisory Board appointed by the Governor. The members are knowledgeable in banking and finance. The Advisory Board reviews the Bank’s operations and makes recommendations to the Industrial Commission relating to the Bank’s management, services, policies and procedures.
New Orleans swings y’all http://www.youtube.com/watch?v=Ykpz3ub_uk0
Did I Mention There Was No Liquidity in the System?
http://www.economicpolicyjournal.com/2010/06/did-i-mention-there-was-no-liquidity-in.html
…
In September, 2009, Larry Summers wrote this nonsense:
The wisdom of Keynesian policies has been confirmed by the performance of the economy over the past year. After the collapse of Lehman Brothers last September, government policy moved in a strongly activist direction.
As a result of those policies, our outlook today has shifted from rescue to recovery, from worrying about the very real prospect of depression to thinking about what kind of an expansion we want to have
Funny the way they propped up the market the 104 SPY support !
Corexit eating through the hulls of volunteer boats. BP claims it will reimburse boat owners.
http://www.floridaoilspilllaw.com/g4-corexitoil-eats-through-boat-hulls-kidneys-photosvideo
Uncle Sam Speaks – Video Clips Promoting Savings Bonds
http://www.treasurydirect.gov/indiv/research/history/history_unclesamspeaks.htm
Bing Crosby, John Wayne , Bugs Bunny and others !
Finding the cause of the HFT glitches shouldn’t be too difficult: hey banksters, just give us your source code of the HFT computers and we will look into it. That’s what should happen when seriously look into the problem.
If not: end of story, only approved software open source can be used.
Shit: that HFT keep causing problems: following Zero Hedge it seems that is occurring in an increasing rate.
Fuck fuck I would say. This time it did blow a fuse: blowing fuses. also the electrical kind, is always a sign there is something wrong. Authorities don’t seem to care shit about it: the banksters should keep there ever winning toys robbing society blind.
The argument need not be rational. The argument need not be fair. The argument need not have basis or foundation in dignity.
The argument need only be financed by the powerful and forwarded by the lawyers. Lawyers are such useful rhetoricians.
The republic of men is not the republic of women, children, or mankind.
Borne of arrogance, conceived in conciliatory silence, and marketed American-style.
It’s the lie that sells: never the truth.
Greek scum protesting again. Poor them no more free lunch.
May deflation eat your lunch too till you change your attitude.
Gulf Oil Spill: ‘A Whale’ Of A Skimmer Offers Up Its Services
http://www.huffingtonpost.com/2010/06/29/gulf-oil-spill-a-whale-of_n_629575.html
Greek scum protesting again. Poor them no more free lunch.
http://www.aftonbladet.se/webbtv/nyheter/utrikes/article7388119.ab
Sorry I messed up the link this woman thinks that abortion should be illegal even when the mother could die! This puts her to the right of people like James Dobson and Pat Robertson and the pope!
http://thinkprogress.org/2010/06/29/angle-abortion-god/
GOP senate nominee Sharron makes all us Christians look bad. Here is her view of abortion. http://thinkprogress,org/2010/06/29/angle-abortion-god/
when ellen brown spoke of local control, i am in agreement with her. even community associations within the locales should have more autonomy, more say on how tax dollars are spent. i realise that no matter what occurs, where there is money, there is corruption. what i believe, is that at the local level, its harder to hide from those around you, since you live there. the concept of a national government is still viable, i just wonder if the concept will outlive the stark reality of the problems it cannot solve.
Currency Wars: Jim Rickards on Financial Warfare
http://jessescrossroadscafe.blogspot.com/2010/06/jim-rickards-on-economic-war.html
And if you missed it, this extended quote from Chris Whalen on Robert Rubin is priceless.
http://jessescrossroadscafe.blogspot.com/2010/06/sp-500-september-futures-and-gold-daily.html
Sorry, that was exit 2A!
http://maps.google.com/maps?client=safari&q=charlotte,+nc&oe=UTF-8&ie=UTF8&hq=&hnear=Charlotte,+Mecklenburg,+North+Carolina&gl=us&ei=9zgqTNHUIoijnQf6io3WDg&ved=0CCYQ8gEwAA&ll=35.218943,-80.835042&spn=0.004935,0.007328&z=17
I correct my last comment:
Smithfield is a Virginia company, who choses to do their “dirty work” in another state, North Carolina. Possibly because NC is the model for the slave labor camps and “disregard” model. Don’t tax corporations that bring people (slaves) who can churn housing, sales tax, and city revenue through the state’s revolving doors. Did you know that exit 4 on the city loop (277) leads directly to the Charlotte courthouse parking lot? How’s that for streamlined revenue?
House Republican Leader John Boehner says congress must raise retirement age to 70 asap. Hey John if we ended these two war that would save $150 billion a year. We will have to raise the retirement age people live longer now but what about stopping needless imperal wars first.
Yes reminds me of the old blood letting days.
Yep we are smarter than we were in the 30′s.
What a joke. ;-(
@Chris: The movie “Food, Inc.” already highlighted another North Carolina company, Smithfield, and their “disregard” for safety, ethics, and standards toward employees and livestock at their slaughterhouse. Just par for the course in North Carolina, the largest industrial park in the USA. Such a shame. The reason why corporations do business there, apart from not paying any taxes, is to hide behind all the trees! You don’t want to be there in the winter!
@ Ellen Brown
Yes I am pretty sure that the Greeks did not vote for the bond traders.
Just a guess.
http://en.wikipedia.org/wiki/Nonpartisan_League
Hum …. One Word … Stupid
Here’s the only other state-owned bank in the US:
http://www.gdb-pur.com/
Commonwealth implies of the sovereign, right?
Good Lord: our entire country is predicated on bullshit.
HA HA Barak will be proven correct Angela does not understand basic math, just look at Ireland.
Yes, we are federalized, Chris. So is the bank.
http://www.banknd.nd.gov/
http://www.banknd.nd.gov/about_BND/press_releases/bndpressrelease033010.html
General Dodonna: The derivative death station is heavily shielded and carries a firepower greater than half the world’s treasuries. It’s defenses are designed around a direct, large-scale assault on any world economy. A small one-man fighter should be able to penetrate the outer defense.
Gold Leader: Pardon me for asking, sir, but what good are blog fighters going to be against that?
General Dodonna: Well, the Empire doesn’t consider a small one-man financial blog to be any threat, or they’d have a tighter defense. An analysis of the plans provided by Princess Stacy has demonstrated a weakness in the battle station. But the approach will not be easy. You are required to maneuver straight down this trench (Wall St) and skim the surface to this point (Goldman Sucks). The target area is only two meters wide (Sith Lord Blankfein’s head). It’s a small thermal exhaust port (that’s exahuasts extremely HOT air), right below the main port. The shaft leads directly to the derivative core. A precise hit will start a chain reaction which should destroy the quadrillion dollar derivatives core. Only a precise hit will set off a chain reaction. The shaft is fed-shielded, so you’ll have to use bernanketon torpedoes.
Wedge Antilles (Red 2): That’s impossible! Even for a HFT computer.
Max: It’s not impossible. I used to bullseye womp rats in my movie hedge fund days at home, they’re not much bigger than two meters.
General Dodonna: Then man your ships. And may the Force be with you.
e.gov
That N.Dakota bank is state in name only.
http://www.usa.gov/
@Brandon,
No new party needed, they exist: Greens and Libertarians are 2 examples. What’s needed is fair elections, eg ones where there are more than 2 candidates debating.
@Frances:
No, .gov can be state or local government also, eg
http://california.gov/
@Stacy& Max… I’m sure you’re onto this BofA – Drug Cartel Link…perhaps this would be a good investigative documentary, a la Kenny Boy.
What America really needs is a new political party not run by bankers and facist and tries to bring common people of all walks of life together. Image leaders who actually put their people first. What a novel concept!
How come the bank of North Dakota has a .gov web address?
nd.gov
Isn’t .gov federal domain?
See what I mean about US laws not applying to corporations? This “disregard” is typical for a Charlotte, NC operation.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
The SDR … super debt reserve, The IMF’s wildcard to maintain centralized power. The new debt universe start with the SDR. The ultimate in debt slavery.
The IMF, “Crush Kill Destroy”
http://www.youtube.com/watch?v=7MZ6T7oGH9k&feature=related
Bravo, Catherine Fitts made a similar suggestion to the Governors of the Gulf States. By where they would start their own state banks. FedGov.Inc has abdicated all authority w/ 3 epic fails, Katrina, Rita and the BP oil disaster. And the clean up response is shite (Brit parlance) at best.
you r right frances, the sdr is the super debt reserve, the ultimate cell for enslavement.
The big window is closed to the people. Now we slowly sink and hang on.
Good show, keep it up.
Allocations of sdr will follow the deflationary spiral enhanced by the G20 austerity measure: the G20 (central bank heads and imf governors -of treasury depts.) who work for the men behind the sdr-index. This is not about the dollar. It’s about enhancing the sdr through a collapse of the dollar system.
Aggregate dollar supply is not inflationary under the dollar-index-exchange system which accords value to the dollar as synthetic index: correct?
Ooops forgot the link
http://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/better_regulation_action_plan.htm
Hot here I’m feeling doppy
GOP attacks Thurgood Marshall at Kagan hearings. Senator Kyl from Arizona I wouldn’t have considered Marshall in the mainstream. Wow attack a civil rights hero that’s really something even for them.
http://blogs.telegraph.co.uk/finance/tracycorrigan/100006723/artists-against-bp-should-go-back-to-drawing-board/
Shame on Tracy Corrigan
close up of my recent effort:-
http://www.flickr.com/photos/50515484@N05/4745096081/sizes/l/
Mike – an example of Greenspan’s affinity fraud influence on Brown from 2005 – result devastating to the public. I’ll work it into my ‘fucked over’ series
There will be more paintings from my street photographs that no one will touch:-
http://www.flickr.com/photos/50515484@N05/4746427294/sizes/l/
Nice and dandy. But before doing that in Greece or anywhere else in the world, you have to topple and replace the bastards in charge of the government. You have to take P-O-W-E-R to do things.
http://video.google.com/videoplay?docid=-4897059404976553130#
Say What?
By James Howard Kunstler
on June 28, 2010 8:43 AM
http://kunstler.com/blog/2010/06/say-what.html
… Go out and get a copy of Michael Lewis’s recent book The Big Short for a close-up view on one micro-corner of the investment world. You will discover that the people fabricating things like synthetic collateralized debt obligations (CDOs) had no idea what the fuck they were doing – besides deliberately creating documents that nobody would ever understand, that would never be unraveled by teams of law clerks or secret words or magic incantations or prayers to some dark hirsute deity, and were guaranteed to place in jeopardy every operation of the world economy above the barter level. Sorry to invoke the hoary old metaphor about the horse being out of the barn – but the larger problem is what the horse left behind in a great steaming mound clear up to the rafters. There was nothing to understand in all this crap, except that betting against it was a good idea, and then only for those who placed the earliest bets – because everybody else is going to get just as screwed as those who stuffed their vaults and portfolios with Triple-A rated horseshit….
@Brandon Sanks
“Our enemy the state.” A classic. I have believing that the state works for the people. No the state works for British Petroleum, Goldman Sachs etc……
http://www.youtube.com/watch?v=mL4vOjDWXNs
http://www.youtube.com/watch?v=4uUZ5WHCcLY&feature=channel
http://www.youtube.com/watch?v=NOrBLpSb3DQ&feature=channel
http://www.youtube.com/watch?v=NOrBLpSb3DQ&feature=channel
http://www.youtube.com/watch?v=WRkn-IByfCI&feature=channel
http://www.youtube.com/watch?v=la1izeuuP3w&feature=channel
It’s really about in sum using the state to destroy the “small people” like the criminal BP bastard CEO said the other. “We care for the smal people. Obama shares the same preoccupations with me.” Yeah sure. Out enemy the state and their fat cats monopolists oligarch.
Yes, Ellen is right.
$275,000 x 40 million homeowners = $11 Trillion
Explain that one Mr. Obama !
….. “Well, they couldn’t give it to the homeowners, because they needed it to cover their own bank fraud.”
Actually, there were NOT 40 million homes “under water”, far fewer !
My guess would be 5 million at most.
Bernanke, Paulson, Geither must be Masterminds … of fraud !
Max & Flicks
http://news.bbc.co.uk/1/hi/business/10450518.stm
Nasty……………..Gordon Brown Screwed the books before the election????
Mike
FTSE below 5000
Let me try that link again
http://uk.finance.yahoo.com/q?s=^FTSE
FTSE below 5000
http://uk.finance.yahoo.com/q?s=^FTSE
The truth is that many people receiving unemployment benefits would gladly sweep streets and cut grass to continue collecting a check twice a month. The sad fact is that there aren’t any jobs out there. The media made the US Census job spike look like a Godsend but it only gave a good display of how a normal slave labor camp (corporate campus) operated.
The People must act for themselves by doing one SIMPLE thing:
BARTERING is the only way to stalemate the US. Without cash flow from sales tax and income tax revenue, the government will be forced to shut down.
After bartering kicks in DEFLATION is a must. It’s the only way savers with no return on their money can ride out their losses and it’s the only way people without income can afford to survive.
@Brandon
It’s a fraud because ALL the advantages of free trading have beenn stolen by multinationals like Wal Mart and put offshore in places like the Cayman Islands. It’s not free trade it’s multinational nazism. That’s the lie at the heart of globalism. No trickle down except the poverty and the unemployment.
Marc,
NAFTA hasn’t helped any of the three nations. It has crushed the US midwest, It hasn’t done anything for Mexico and Canada. The whole free trade regime is a great fraud. Bob Chapman predicts that free trade will be ousted and the old way of trade will return.
@Brandon
That’s the terrible lie. Globalization pormoted by scumbags like Bill Clinton and his boss Rubin, was supposed to generate for all of us more global output and more global activity. You are right. I don’t see all these displaced people finding new jobs or going somewhere to work in new industries. It was all along a big fat stinking lie. Not just in the USA but everywhere. Where is the supposed sustaines economic growth promised by our Nazis Globalists ? It wasn’t about developing a neo-liberal economy. It’s about adopting for the USA and ALL of Europe a third world economic model.
Welcome to Africa USA. Obama is perfect for the job in sum.
And it’s not just the car industry that’s like that. The cancer is generalized.
Danny,
At least in the past the Irish could emigrate when things could got bad today it’s not an option. It sucks almost everywhere. My Aunt and Great Uncle’s mothers came to the US from Ireland.
@ Max: “buy silver until your hands bleed” : (advertisment at the rightside of this blog) You did fall from your (gold bug) believe?
Isn’t it time tio buy silver choclate coins??
@Irish commenters
Didn’t Richard Bruton advocate a new state bank similar to what was discussed here or am I wide of the mark? ….I know I shouldn’t hold my breath.
@Gourmet
The problem is that the US government is controlled by terrorists and IS the main enemy of ordinary Americans and the people. It’s the same thing in Canada and most countries. Ottawa is the enemy of the people like the Greek governement is enemy of the people. Fundementally the whole world will finish governed by a military junta runned by the Gestapo. All is pointing to that. It wasn’t about Ben Laden after all. It was about destroying democracy and the middle class. It was about globalizing not democracy but tyranny. Most Bilderbergers are Nazis. It was founded by a eugenist dutch nazi. The organization hasn’t changed.
There are areas in Chicago on the West and South sides where unemployment is nearly 50%, Detroit cityside is said to have an unemployment rate of over 40%.
http://www.cartoonstock.com/lowres/csl2863l.jpg
(Merkel’s on the right)
CONGRESS really needs to get their ass in gear and extend the unemployment extension deadlines past June 2, 2010. Without continual unemployment benefits, how else do the politicians expect us paupers to pay our ever increasing tax bills?
Government aides should go to the online job boards and take a good look at what’s going on: Corporations are hoarding cash, and the apparent plethora of jobs available are simply singular positions that are recast by headhunters. In reality, there’s only 2 or 3 jobs out there, but there are 30 or 40 postings for the same job. Compound that mess by the number of “available” workers and the real crime is being committed by Congress.
Since corporations don’t adhere to the same laws of the US, why are “the people” even patronizing such establishments? Low wages, incompetence, tax evasion, fraudulent sales tactics, faulty products, need I say more? The problem extends past Wall St and Main St and ends right at the foot of the lawmakers and lobbyists who are stalemating for their own agenda.
All the people want are decent jobs with pay to match expectations of a world-class country.
I’ve been saying for years now that the people must go back to bartering. Only then will the compounded rapid decline in sales tax revenue and loss of operating income for these cash whore corporations send the RIGHT message to Capitol Hill.
@Brandon
Must agree with you on this. Cities will be hellish.
Is everybody working for the Germans now? Just curious.
The irony of it all is overwhelming…
http://www.banknd.nd.gov/affiliations/business_partners/index.html
http://www.exim.gov/brazil/pressrelease_082009.cfm
http://www.exim.gov/article.cfm/48B7B7A5-F470-E4C8-2ED6265FC380C687/
http://www.ordons.com/201002022630/petrobras-inaugurates-an-office-in-rotterdam.html
(et.al)
Marc,
I think the rural areas are the place to be. The big cities in North America and Europe are going to be warzones. You will have massive civil unrest. What do you think? My hometown of Chicago in 1968. http://www.youtube.com/watch?v=o0eruGWmXPA
! in 4 with no job. 1 in 3 with no job. Then it will be 1 in 3 with no revenue, no social programs. 1 in 3 with no house. And finally it will be 1 in 3 with no food. I am really starting to think that It’s about what the ENDGAME is. Alex Jones is not that crazy when I see what is going on.
Great show! The info about CrowdFlower’s virtual pay is amazing. Marching onward to the cashless society and people think its a cool thing. I guess if you’re over educated and unemployed, working 7 hours for a $5 AMZN gift card makes you say, “I’m rich, beeyatch!”
Ir wasn’t suppoee to happen since we are not in a gold standard system. Remember all the propaganda about the big bad deflationnist gold standard. And look here what is going on everywhere ? 25% unemployment rate is becoming in all countries, not just Afraica or ex USSR, the norm. These Nazis bastard running the USA don’t care about all the waste. It’s really about exterminating people and practising an eugenist agenda. What else can you say when unemployment is 25 % and capacity utilization of most industry is going to 50% in about all countries ? NAZIS.
Fundementally bankers are godamn nazis and Obama, that piece of manure their puppet.
Could some please remind Ms Brown that there is no such thing as ‘government debt’ – because there is no government! “Government debt” is simply personal debt held on behalf of those people calling themselves “the government”.
Because of mystical incident at birth, each of us magically and irrevocably signed a ‘social contract’ that allowed a bunch of people calling themselves “the government” to put us in ‘debt’ at any time – then demanding payment via taxation, inflation or the slavery of our children.
The answer is not government debt or so-called government “sovereign” money. Why will this sovereign money not be inflated for the personal gain of those people calling themselves the government? (Maybe those people will include Ms Brown?)
Also, why, given her knowledge of the origins of “money”/debt, is she advocating MORE of this bankster-loaned debt to combat deflation? Why is she describing bankster/government debt as “money” when she knows it’s not money. Perhaps she avoids saying that fiat debt notes aren’t money because then the fraudulent basis of her proposed fiat “sovereign money” would be revealled. Yes, that thesis seems to explain the inconsistency.
Money is what free individuals choose is money – evidenced by free exchange. Money doesn’t HAVE to be universally consistent beyond what parties to a voluntary contract decide. Only rent-seekers demand some kind of consistency so they can lay their little traps.
If an individual calling him/herself “the state government” can create money – why can’t an individual calling him/herself “me” create money? Both are individuals. Why not a consistent rule?
Ms Brown says, “What we need is our own money.” — Correct. We. You. Me. Us. As individuals. NOT some abstract concept called “the government”.
“In contrast to free-market capitalism, the economy in state-capitalist regimes is dominated by the state agenda. “Forced to choose between the protection of the rights of the individual, economic productivity, and the principle of consumer choice, on the one hand, and the achievement of political goals, on the other, state capitalists will choose the latter every time,” Bremmer explains. Continuing the sports game analogy, state capitalists control the referees as well as the main players.”
http://www.huffingtonpost.com/devin-stewart/ithe-end-of-the-free-mark_b_573861.html
Merkel’s role in the promotion of state-controlled capitalism cannot be denied. Why would Brown promote Merkel’s agenda?
North Dakota is the most corrupt state in the union:
http://www.usatoday.com/news/nation/2008-12-10-corruptstates_N.htm
I am reading Ellen Brown’s Web of Debt. I recommend it. I advocate private currencies but can’t deny there is a role for government ones too. Let’s have both and beat the pants off the central bankers and goldbugs.
Greece,Iceland, Ireland, Spain, Italy, Portugal, Ukraine. Hungary. Lartvia, Romania, Russia,
The whtole world !
Hey ! Why just Greece ? Don’t stop there Ellen !
@Max
Russia and the whole of Eastern Europe should contact North Dakota.
http://www.kpfa.org/archive/id/61702
Ellen Brown presentation recently aired on KPFA’s excellent Guns and Butter radio show. She highlights some very interesting nuggets about the collapse of 2008. Well worth a listen, in my worthless opinion.
original article link defunct:
http://wealth.net/2010/04/commerzbank-pulling-greek-repos-lehman-deja-vu-as-greece-shifts-to-full-blown-liquidity-crisis-mode/
Who’s the Big Bad Wolf?
http://www.reuters.com/article/idUSTRE65S28K20100629
http://www.reuters.com/article/idUSTRE61P25C20100226
http://www.automatedtrader.net/real-time-dow-jones/843/-ecb039s-covered-bond-purchase-program-nears-completion
The issuance of new euro-denominated covered bonds has taken off in the wake of the ECB’s EUR60 billion covered bond-buying program.
Around EUR105 billion of new euro-denominated, benchmark covered bonds have been sold in the first half of the year–a record–with the total boosted by over EUR20 billion of new supply in June, data from Deutsche Bank AG show.
Ellen is claiming that aggregate money supply has an affect on market securitization and banking liquidity. Huh?
http://www.businessweek.com/news/2010-06-24/ecb-should-continue-buying-covered-bonds-economists-say.html
http://www.businesstimes.com.sg/sub/views/story/0,4574,392519,00.html
“Aside from CP, European banks also raise short-term funds from other banks through the various interbank markets. These consist of unsecured markets, as well as repo, a form of collateralised lending.
Here too conditions have worsened. Unsecured interbank rates have been creeping up, with three-month dollar Libor reaching 54 basis points from 31 on April 20, although it seems to have stabilised at that level.
Some banks, particularly smaller Spanish lenders, are reportedly struggling to borrow at all in the public interbank markets, although they may have private contingent loans with other banks that they can draw on in emergencies. Overall volumes of lending in the interbank market have fallen as banks hoard cash, rather than lend it out. They are parking a record 384 billion euros in overnight deposits at the European Central Bank.”
What is not being addressed in the repo market in Europe and the US as it relates to securities and TALF ECB covered bond purchase.
Why the simple tale from Ellen? The system of bank liquidity is reliant on securitization, not aggregate money supply, right?
Americans are predominantly losing but they insist they are winners because of the psychology of meritocracy.
Watch this philosopher explain it:
http://www.youtube.com/watch?v=CERfoDIU2Yw
As always, watching!
Thanks again guys it is appreciated.
YEAH! Let’s protect America first,from the Taliban Bankers,and Narco Terrorists!
America doesn’t matter to Obama, nor to any of his friends at the secretive Bilderberg group.
Maybe Bilderbergers think of themselves as invisible gorillas.
When farang moves into 1600 Pennsylvania Ave. in January 2013, the first thing I will do is place Stacy as my Ministeress (is that a f*&king word???) of Information, and Max as Court Jester/Director CIA.
Stacy has more intellect, and appeal, than all of the big hair bimbos on all the msm business networks combined.
And that Max makes her laugh? It is like watching George and Gracie again, or Nick and Norah Charles. Funny, classy, and easy to watch.
You two are what is still good about America….maybe I’ll come back and take over……again.
I don’t half fancy that Red head Russian spy………..Max could you have a word?
Oh Yes
GOLD GETTING KILLED !!!!!!!
Mike