[1146] The Truth About Markets NZ – 07 July 2010

Posted on July 8, 2010 by stacyherbert| 14 Comments

Stacy Summary: Oops, forgot to post this yesterday. It’s just too hot to think clearly!

For more download & listening options, visit Archive dot org

Share this page via FacebookShare this page via Twitter
Buy Gold Online
This entry was posted in Max Keiser Audio and tagged , . Bookmark the permalink.

14 Responses to [1146] The Truth About Markets NZ – 07 July 2010

  1. Player 1 million | July 8, 2010 at 10:58 am |

    Gotcha

  2. Max Power | July 8, 2010 at 11:01 am |

    How hot is it?

    You did not say…

  3. stacyherbert | July 8, 2010 at 11:10 am |

    @Max Power – in Paris it’s in the mid 90′s fahrenheit and has been so for close to 2 weeks now; a normal July sees average high temps of 77 fahrenheit, which is about what it is at night when sleeping; plus not much of the infrastructure like metro or buildings is equipped to deal with such temperatures . . . anyway, it feels like a NY summer day in the 70′s before they had widespread a/c

  4. Vega Man | July 8, 2010 at 11:20 am |

    http://www.youtube.com/watch?v=zhHz7YI2WB0&feature=related

    RIPPLE played by MARK FLYNN

    I know its off topic but he does a fine job and I thought I should share !

    :-)
    Vega Man

  5. ronron | July 8, 2010 at 11:36 am |

    @Stacy. ontario has the same with bad air. awfull. better than snow though.

  6. minutemen | July 8, 2010 at 11:36 am |

    hi max and stacy, this makes me sick, how can we confiscate our wealth back from the bankers/corporations and top 5% oligarchs that stole from us? They’re like leaches that sucked all the money out of America. Are we gonna have to send the military after them to whatever island they may be hiding on? (to bad the military takes orders from the oligarchs)

    In BP’s coordinated attack against the US they also released 538,000 pounds of toxic chemicals into the air from a texas BP refinery 2 weeks before the oil spill started!!!!
    check this out: http://www.larouchepac.com/node/15112

  7. minutemen | July 8, 2010 at 11:39 am |

    and also where do the oligarchs keep their money? you would think if a bunch of countries got together they could confiscate this illiegal money they stole.

  8. Max Power | July 8, 2010 at 11:47 am |

    == Are you allergic to Metric ==
    ?????????
    in Paris it’s in the mid 90′s fahrenheit and has been so for close to 2 weeks now; a normal July sees average high temps of 77 Fahrenheit, …
    ?????????

    Note … 37.5 C = 98.6 F … implying that it has been just below average body chemistry temperature.

  9. Chris Gould | July 8, 2010 at 11:52 am |

    The snow starts at 50 seconds

    http://www.youtube.com/watch?v=AVYBP85-pTw

  10. Ed Santoro | July 8, 2010 at 4:58 pm |

    Much of the growing deficit do you think is deliberate waste to ensure
    that the U.S. doesn’t have the economic resources to fund more properly
    education, health care, Social Security, etc., at home?

    According to his understanding of the rise of the managerial class, Orwell
    claims such increase in fraudulent spending is deliberate (these passages
    deserve repeating, and repeating, and repeating):

    “The primary aim of modern warfare (in accordance with the principles of
    doublethink, this aim is simultaneously recognized and not recognized by
    the directing brains of the Inner Party) is to use up the products of the
    machine without raising the general standard of living.”
    [….]
    “But it was also clear that an all-round increase in wealth threatened the
    destruction — indeed, in some sense was the destruction — of a
    hierarchical
    society. In a world in which everyone worked short hours, had enough to
    eat, lived in a house with a bathroom and a refrigerator, and possessed a
    motor-car or even an aeroplane, the most obvious and perhaps the most
    important form of inequality would already have disappeared. If it once
    became general, wealth would confer no distinction. It was possible, no
    doubt, to imagine a society in which wealth, in the sense of personal
    possessions and luxuries, should be evenly distributed, while power
    remained in the hands of a small privileged caste. But in practice such a
    society could not long remain stable. For if leisure and security were
    enjoyed by all alike, the great mass of human beings who are normally
    stupefied by poverty would become literate and would learn to think for
    themselves; and when once they had done this, they would sooner
    or later realize that the privileged minority had no function, and they
    would
    sweep it away. In the long run, a hierarchical society was only possible
    on
    a basis of poverty and ignorance.”
    [....]
    “The problem was how to keep the wheels of industry turning without
    increasing the real wealth of the world. Goods must be produced, but they
    must not be distributed. And in practice the only way of achieving this
    was by continuous warfare. The essential act of war is destruction, not
    necessarily of human lives, but of the products of human labour. War is a
    way of shattering to pieces, or pouring into the stratosphere, or sinking
    in the depths of the sea, materials which might otherwise be used to make
    the masses too comfortable, and hence, in the long run, too intelligent.

    “Even when weapons of war are not actually destroyed,
    their manufacture is still a convenient way of expending labour power
    without producing anything that can be consumed. A Floating Fortress, for
    example, has locked up in it the labour that would build several hundred
    cargo-ships. Ultimately it is scrapped as obsolete, never having brought
    any material benefit to anybody, and with further enormous labours another
    Floating Fortress is built. In principle the war effort is always so
    planned as to eat up any surplus that might exist after meeting the bare
    needs of the population. In practice the needs of the population are
    always underestimated, with the result that there is a chronic shortage of
    half the necessities of life; but this is looked on as an advantage. It is
    deliberate policy to keep even the favoured groups somewhere near the
    brink of hardship, because a general state of scarcity increases the
    importance of small privileges and thus magnifies the distinction between
    one
    group and another. By the standards of the early twentieth century, even a
    member of the Inner Party lives an austere, laborious kind of life.
    Nevertheless, the few luxuries that he does enjoy his large,
    well-appointed flat, the better texture of his clothes, the better quality
    of his food and drink and tobacco, his two or three servants, his private
    motor-car or helicopter—set him in a different world from a member of the
    Outer Party, and the members of the Outer Party have a similar advantage
    in comparison with the submerged masses whom we call ’the proles.’”
    [....]
    “War, it will be seen, accomplishes the necessary destruction, but
    accomplishes it in a psychologically acceptable way. In principle it would
    be quite simple to waste the surplus labour of the world by building
    temples and pyramids, by digging holes and filling them up again, or even
    by producing vast quantities of goods and then setting fire to them. But
    this would provide only the economic and not the emotional basis for a
    hierarchical society. What is concerned here is not the morale of masses,
    whose attitude is unimportant so long as they are kept steadily at work,
    but the morale of the Party itself. Even the humblest Party member is
    expected to be competent, industrious, and even intelligent within narrow
    limits, but it is also necessary that he should be a credulous and
    ignorant fanatic whose prevailing moods are fear, hatred, adulation,
    and orgiastic triumph. In other words it is necessary that he should have
    the mentality appropriate to a state of war. It does not matter whether
    the war is actually happening, and, since no decisive victory is
    possible, it
    does not matter whether the war is going well or badly. All that is needed
    is that a state of war should exist.”

    The Neo-Conservative “Two Santa Clauses” aspires to the to the
    pathology Orwell articulates.

    http://www.commondreams.org/view/2009/01/26-0

  11. Rastaman | July 8, 2010 at 4:58 pm |

    @Max

    AmeriKKKa IS a fascist state…..and the teabaggers are just disgruntled racists, convenient shills for corporations and confused ignorant nihilists. i am SURPRISED at you Max…..just because the USA hasn’t sunk into virulent totalitarianism (yet) you make the assertion that it’s not fascist. i thought you knew more.

  12. Photoception | July 8, 2010 at 6:09 pm |

    On the subject of economy vs ecology:

    Bankruptcy is critical in a capitalist system, in terms of ecology it can be compared to decomposition. Without bacteria and fungi breaking down dead organic material, nutrients aren’t recycled and made chemically available to new life. It’s the circle of life, a highly stable and sustainable system.

    As we all know, our current financial system has concentrated an unspeakable amount of wealth and resources into very few hands. Lets compare that to the ecology: It would be like having a few enormous trees sucking up all the water and nutrients in the world while shading and repressing all other plants. “Too big to fail” is like trying to prop up a dead tree, it is pointless. When a tree falls, new seedlings are supposed to replace it.

    The income inequality we face today is a direct result of not letting the big banks fail and go through bankruptcy. That would redistribute the locked up capital stored in the behemoth trunks on wall st.

  13. Van | July 9, 2010 at 12:55 am |

    Regarding “feeding the strays” story.
    Is it Ebenezer Scrooge or a Modern day politician? You decide.

    “Be gone you little beggars”…..
    “Are there no workhouses?”…
    “They better do it (starve) now and decrease the surplus population”…