[1147] The Truth About Markets London – 10 July 2010


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98 Responses to [1147] The Truth About Markets London – 10 July 2010

  1. @Stacy:

    ” this is why the famous saying” – strictly speaking i think it was a poem by some German pastor who did time in a concentration camp, but I get your point. My main objection to your argument was that – at least the way I understood it – you presented the opressive nazi regime as prosecuting communists, who were just a political group like any other.

    For me, this was a group of people who swore allegiance to one totalitarian regime, only to be hunted down by its mirror image. given the extent of the Reich – SU cooperation

    http://en.wikipedia.org/wiki/Nazi%E2%80%93Soviet_economic_relations

    I guess it can be viewed as idealists being sacrificed by their masters. Too bad for them, but the final outcome could have easily been just as bad for the rest of the world.

  2. @Konrad – I think you will find that communists were, indeed, Hitler’s first victims; and this is why the famous saying, “First they came for the communists . . . ” begins as such (then they came for the trade unionists, then the Jews); Hitler seized one party rule via anti-communist rhetoric and hysteria following the Reichstag fire http://en.wikipedia.org/wiki/Reichstag_fire

    The fire was used as evidence by the Nazis that the Communists were beginning a plot against the German government. Van der Lubbe and four Communist leaders were subsequently arrested. Adolf Hitler, who had been sworn in as Chancellor of Germany four weeks before, on 30 January, urged President Paul von Hindenburg to pass an emergency decree to counter the “ruthless confrontation of the Communist Party of Germany”.[2] With civil liberties suspended, the government instituted mass arrests of Communists, including all of the Communist parliamentary delegates. With them gone and their seats empty, the Nazis went from being a plurality party to the majority; subsequent elections confirmed this position and thus allowed Hitler to consolidate his power.

    This was in 1933 and 1934 before the anti-Jewish laws of 1935

  3. Great show – as usual :) However, I take a bit of an issue with the Orwellian analogy used by Stacy in the first half:

    1. Starting the list of nazi regime’s victims with communists is a little strange: the cooperation between the Third Reich and the Soviet Union worked flawlessly until June 1941 (operation “Barbarossa” – the German strike against SU). Moreover, even in the 1930, multiple red paramilitaries operating in the post-Weimar chaos switched their allegiance to brown.

    2. By contrast, anti-Jewish laws started being passed as early as 1935 (the Nuremberg laws) – so it was not about a trasfer of hatred, Jews and other “untermenschen” were on top of the hitlist from the very start

    3. While I am no scholar in the field, I would argue that Orwell’s 1984 had less to deal with the rise of fascism in the 1920′s and more with his education period (boarding school evoking Dickensian nightmares) on the one hand, and his participation in the Spanish Civil War (on the republican side!) on the other. Given that “1984″ was banned everywhere east of the Iron Curtain, the description was probably a bit too close to reality for the commie authorities comfort.

    That being said, I still think the link between “two minutes of hate” and the FB-virtual currency b-s is an excellent – if disturbing – food for thought.

    keep up the great job,
    K

  4. Wow !
    What a great show.
    The creative thinking you all inspire is so refreshing, at times it seems you are on the brink of a real breakthrough but alas the format does not allow for a deeper plunge.
    Couple thoughts :
    The new money discussed in face book is no different than the fiat system in place across the world today. Even giving value to metals that are not used in the production of goods is the same adherence to a set of rules established by the makers of the game. People play the game and behave because they have been schooled in the system.

    You both do a fine job of pointing out the rule breakers of the game.
    But at the end of the day the game is rigged and a sham.

    I’m saying a trip to India might clear the head and help to manifest a new game, better than “Farm-vile” or Western flim-flam gingerbread man capitalism.
    The gingerbread man can run as fast as he can but his 401K is going to get eaten by the government ( ie. banks getting bailed out and sending you the bill)

    Last one: you mentioned the poor, stupid or both doing the job just to survive, taking the work, prison guard , TSA or whatever…Love the metaphors of those “the Good ,the Bad and the Ugly films where at gun point you dig a hole for the gold that becomes your grave.
    And the poetry is “those with bullets don’t dig”
    They, the ones running the game have the bullets and we have been doing the digging for centuries.
    But a deeper metaphor may exist where we choose to dig and believe that there is a treasure to be found.
    When there is no treasure only exploitation of labor.

  5. Thanks for the show, it was one of the better to listen to and thanks for making me aware of the “perfect citizen” story which I obviously overlooked this week.

    Now a question:
    As cash is the only legal tender/forced payment method (assuming it is like that in most countries) that we have, at what point will we give that same status to account money? (account money as in money connected to for example debit or credit card – digital money if you like)

  6. Photoception

    “The sun beams down on a brand new day
    No more welfare tax to pay
    Unsightly slums gone up in flashing light
    Jobless millions whisked away
    At last we have more room to play
    All systems go to kill the poor tonight”

  7. @ Ted K
    Its ok when ya hear it on head phones
    but I hate head phones
    Its not as loud as AJ or Tarpley
    tas all I am sayin
    otterwise I get chained to the laptop
    I can walk around and do otter stuff as well
    just my Opnion
    Hic ;-)

  8. I listen on an Apple i-Pod. Audio was clear as a bell this week, so I don’t know what Bonn’s problem was. I’m wondering if Max’s transgender character has a name, and if it will be making regular appearances on the London broadcast. Also what exact brand tape is the TG character using for that??? Is that issue a SHORT or LONG play????

  9. So what ‘is’ plan B if the internet censor switch is flipped? We need ideas before this happens. This kind of internet dialog is scaring the crap out of the world governance managers. It might screw up their depopulation plans.
    Us ‘useless eaters’ are finding out too much.

  10. Glad to hear discusion and questions regarding 911:

    Where was Siverstein and what activities was he involved in prior to 911? What turnes out to be stored in building 7? Find out, it’s all there!

    Videos of Controlled Demolitions Compare the two videos below with the footage of the WTC 7 … Professional Demolition of World Trade Center Building 7:
    http://www.prisonplanet.com/011904wtc7.html

    Demand a thorough and impartial reinvestigation of 9/11.

    The website below provides responsible criticism of the 9/11 Commission Report by senior military, intelligence and government officials:
    http://www.patriotsquestion911.com

    So now some uber rich apparently in the know have been buying up property in Paraguay (sitting directly above the world’s largest fresh water aquafer) including Bush, what is ahead for fresh water? (he still needs to answer a lot of questions about 911).

  11. Terrorists killing CEO’s:
    The RAF in Germany did actually kill leading men (bankers and politicians), which may count as a real indicator of non-inside-terrorism.
    And by the way, the same questions arises with the famous hackers: where are they, when we need them most, to crack up those centralising, controlling devices being set um these days? They seem to me more a tool of the corporations, to sell more of those crappy fire-walls and anti-virus programs!

  12. if i dream of enviremental respect love the land water air ..like a daughter ,and a man comes an says i love your daughter too then pimps out my ….well its these politicians ..jim an tammi faye clinton,, rev. al gore. bush ,obama ..i dont hate though .just want to get them closer to god ,quickly

  13. MirrorMirror

    @kwazimota … nice Chic !

    Another take on same :
    http://www.youtube.com/watch?v=jORFcH5uAjM&NR=1

  14. MirrorMirror

    @ME …Homo Suicidalis

    Marketing !
    LOL

    The toothpaste is now EVEN WHITER !
    New hi-tech tooth brushes .
    I suppose most of our ancestors were toothless .

    DO you have a link for building one’s own SOLAR ELECTRICITY GENERATOR ? … using MIRRORS, Cones, etc.
    ( Not expensive photo voltaik )

  15. For ths sunday club : http://www.youtube.com/watch?v=OYpwAtnywTk

    Gonna be the match of the century tonight..

    My idea: We have evolved into Homo Suicidalis

  16. @Bonn

    The gold window was closed in 1971. Even more water under the bridge.

  17. SHOCK!

    Over 60pc say banks ‘lied’ over Nama loans

    http://www.independent.ie/national-news/over-60pc-say-banks-lied-over-nama-loans-2254200.html

    feckers..

  18. “The dollar question: Where are we?”
    By Kati Suominen, Trans-Atlantic Fellow at the German Marshall Fund in Washington, cross posted from VoxEU

    http://www.nakedcapitalism.com/2010/07/the-dollar-question-where-are-we.html

  19. @ Stacy & Max
    Have ya guys heard of a device called an “Amplifier”
    Can hardly hear ya even on full volume
    I got a laptop
    tear is traffic noise outside
    Crank it up we can always reduce ta volume
    Hic ;-)

  20. Crumpet Muncher

    I enjoyed that show even though Max sounded subdued.

    What I can’t grasp is that if people are happy to blindly go along into their casino gulag future why is it wrong?

    If they don’t want to see it or stop it why shouldn’t it happen?

    Is the real problem that, if you are one of the few remaining sentient and thinking Americans, you are alarmed that 300M thick bastards are taking you down with them?

    p.s. I’m hooked on RT now. Best news channel in the world. Did you see that they are running The Golden Train (or something like that) on the 14/15th July.

  21. Crumpet Muncher

    So we don’t hate any longer? We destroy those that would place us into bondage by loving them?

  22. MirrorMirror

    While Germans are cheering their Bronze Football prize, their Govt. agrees to give the US SWIFT Banking data …. to fight terrorism !
    LOL

    SWIFT-Abkommen auch vom Bundestag gebilligt
    http://www.heise.de/newsticker/meldung/SWIFT-Abkommen-auch-vom-Bundestag-gebilligt-1035029.html

  23. @ Max 0r Stacy
    After watch Edward Griffin again; It got me tinkin if the illegal US Fed got of the Gold Standard in ‘ 79 tas what 30 Ears now
    Should’nt the fraud be bigger or does it explain 600 – .1500 trill debt ???

  24. MirrorMirror

    The Financial Con Of The Decade Explained So Simply Even A Congressman Will Get It

    http://www.zerohedge.com/article/financial-con-decade-explained-so-simply-even-congressman-will-get-it

    How flattering … ZH borrowed my title “even Congress will get it” .
    ( posted this link days ago on msg board )

  25. MirrorMirror

    It’s not “what” you know .. it’s “who” you know :

    U.S. 54% Unemployment Rate – Under 25 – Jan. 2010

    http://www.youtube.com/watch?v=PLA7jay7shk

    $200,000 for an “education” at George Washington Uni. , and still can’t get a job.

    Are people aware of the LINKEDIN website.

    Is this not the perfect website for “”who” you know connections” ?
    I noticed a lot of creeps ( arse lickers ) promoting their CVs all connecting to each other.

    In particular , I read the CV and connections of a few guys I know very well. The descriptions of themselves were totally unrealistic … and they now carry “Director” titles … LOL.

  26. MANI the parrot vs. PAUL the octopus GUITAR DUEL !

    http://www.youtube.com/watch?v=7Qgc_PNpdx8

  27. Fiatmentalist

    For all you alien lovers and Enochian key finders out there. This is bat shit crazy!! Thats not a term of endearment it genuinely is bat shit crazy!!

    http://disclose.tv/action/viewvideo/49686/John_Lear__amp__Kerry___Camelot_Radio_7_9_2010_p1_2/

    Didnt we have an elightenment? Soon the witchsmeller pursuivant shall be called!

    http://www.youtube.com/watch?v=8j06jCP5pls#t=1m57s

  28. Just mail in the keys (board)

  29. Huge discrepancies between coupon and yield in UK sovereigns:

    http://www.bloomberg.com/markets/rates-bonds/government-bonds/uk/

    Yield curve marked flattening here too.

  30. @Stacy you forgot Chicago as one of LJ’s destination’s ;)

    I prefer the Lakers having found a love for them after moving to California the year Jordan’s Bulls beat Magic’s Lakers.

    MJ prefers Kobe too http://www.youtube.com/watch?v=pOsamobHeMc&feature=player_embedded

    On a serious note, more people are aware and ready for a transformation of the US government than you may suspect.

  31. Stacy, it’s incorrect to say there is no inflation in virtual currency due to limited time by users. There are plenty of cases where a computer can emulate the actions of a person and thus privately encourage development of such systems.

    In gaming this has been done. The game systems now have tje challenge users with unique queries to identify humans from computers. And the computer systems have even been adapted to that quickly recognizing the challege and routing to a human.

  32. By safe I mean, it’s safe to be angry about an athlete because nobody could actually expect you to do anything about the situation.

  33. Ray in Vancouver

    They are trying to unbolt the flange in the Gulf. Unless it has reverse threads they are turning it the wrong way clockwise, instead of counter clockwise.

    Most of them have been loosened. Maybe they are reversed threads but the tool seems to be over heating and the nut is getting very shiny. 7:07pm PDT

    http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/incident_response/STAGING/local_assets/html/OceanInterventionROV1.html

  34. The love or hate of the trivial are a way for people to direct normal emotions (when under duress) toward safe targets and feel more human than they would if they merely slogged around fully aware of their cowardice in the face of so much injustice. It’s the addict’s mindset of avoidance, directed from social responsibility, rather than the more common understanding of addiction as it relates to responsibility toward one’s own life.

  35. OH! Just lovely.
    http://www.youtube.com/watch?v=nAiG-TPYIFM&feature=player_embedded

    Wait til the hurricane swelling and winds whip and stir this mess up.

  36. @ CA Doctor
    the film New James Bond Film may not be made as MGM have the Film rights but they will be sold to the highest bidder as it stands MGM dont make films anyway
    its been sucked dry and thrown around since its heyday its just been sucked one last time before the name + catalogue get sold on again
    can you believe how much money Kirk Kerkorian has reported to have lost

    according to google anyway :)

  37. Oh! i just hit the 50 minute mark and i see you’ve answered the psychic octopus question already. Cutting edge as ever.

  38. I love listening to Max and Stacys stream of consciousness. Keep it up.
    Would Paul the octopus be a viable investment advisor by the way?

  39. the battle will be fought in binary. they lose. :-)

  40. well Max. something i find interesting. 100 self taught 10 year old’s could wipe out the whole database.

  41. @Jim oh dear, heaven forbid, could that someone be YOU! Gaaah gnashing of teeth, and much hitching of britches whatever became of that someone you once knew.
    Autism, not sure about that one.
    I’d also disagree with you about detail. Now for me it’s quite the opposite, for me it’s all about the detail, take care of the small things, everything esle will fall into place.

  42. YouTube — anonpublicmessage: Anonymous to Australia
    http://www.youtube.com/watch?v=eEc80U46hIQ

    ‘We have tolerated your single minded ideology for long enough, and will see to it that you are informed of the issues that are clear to the rest of the internet as a whole. Your choice to make moves against the pornography industry are not the sole focus of our actions, rather this is the final straw in a long chain of choices that inform us that you are preparing to censor your people, that you are no longer acting in their best interest.

    You are acting in direct opposition to the best interest of your citizens, and we intend to help them realize this, along with the rest of the globe as a message that we will not allow the internet to be censored by any group, organization, or government. We shall free your people from a country that is oppressing their right to access information; we shall be the shining beacon in the darkness that you are casting over the single most powerful tool available to humanity.

    Your decision to censor ideas in the vein notion of protection, are only serving to harm the complete freedom of information that is present. As such, until you have acknowledged your failures to your people, we will continue our actions to free them from your attempts to censor information.

    Knowledge is free.
    We are anonymous,
    We are legion,
    We do not forgive,
    We do not forget…
    Expect us.’

    Encyclopedia Dramatica — Operation Titstorm
    http://encyclopediadramatica.com/Operation_Titstorm

  43. Feeling the need to push back against all this ‘the government can control the interwebs’ fatalism…

    The Daily Bell — Can Government Control the ‘Net?
    http://www.thedailybell.com/1155/Can-Government-Control-the-Net.html
    ‘The idea of a government takeover of the Internet is something of a dominant social theme in our view. The Anglo-American elite needs a WILLING suspension of disbelief. It is virtually impossible to keep a million, let alone a billion, people under control via dominant social themes if these themes are no longer considered credible. …because of the past 20 years of Internet information, many of themes are no longer quite so believable. But more than that, we would argue that the MECHANISM ITSELF is fairly well understood now by a broad cross-section of individuals. And word-of-mouth is a powerful device. The idea that government is going to “take over” the Internet—turning it into an arid, electronic version of the USSR—is possibly far-fetched. Of course, such perceptions shall become increasingly popular as governments steps up their efforts to control this exasperating, truth-telling technology. But young technologies are hard to control, as are the young innovators they attract.’

    The Daily Bell — Internet Censorship Fear Campaign?
    http://www.thedailybell.com/1203/Internet-Censorship-Fear-Campaign.html
    ‘…we don’t doubt that the Internet is under attack, and is indeed being censored, filtered and generally monitored. …here at the Bell, we believe new technologies are difficult to stop. We recently noted the following: “Certainly, the princes of the era tried to control the Gutenberg press. They tried to license Bibles. They invented the concept of copyright, apparently. They confiscated and blacklisted books and various sacred texts. But the press, a new idea at the time, was unstoppable. It was the hot, new technology. Everyone wanted a piece of it.” Information creates knowledge – which is propagating as we write. Generally, the tight grip that the elite, especially in the West, had in the 20th century is gone now. The damage to elite plans to centralize global governance or build a truly international one-size-fits-all currency is likely significant. When everyone is well-attuned to your top-secret plan, it’s simply not so top-secret anymore!’

  44. see y’all.

  45. I’ll do my best to make it fun, but a man can only do so much. ;-)

  46. you can speculate all you want from here on in. nothing is left.

  47. and Max may be wrong. the reason savers can’t get interest on there money? it’s worth nothing.

  48. yikes. if stacy’s a jebus freek? bogdown puchicknik is back in trouble.

  49. ahh. saturday night in paris. with italian red.

  50. clubbed to death – Matrix soundtrack http://www.youtube.com/watch?v=pFS4zYWxzNA

  51. Neville Bartos

    Australian house prices 61.1% over valued according to the economist

    http://www.economist.com/node/16542826

  52. Mike/Liverpool

    Waffle…………
    Stacy turn the sound UP please.
    Mike

  53. any plans to make this site, mobile friendly ? I usually browse on my pc but I have a new hobby of let wifelet shop whilst I sit in car on my shiney android phone browsing and it took an eon to open this site due to the amount of content on it this is using 3G btw, on a wireless connection it is better

    http://wordpress.org/extend/plugins/wordpress-mobile-pack/

  54. something for nothing. always be glad the name you were born. cause if not for you, know one would know.

  55. Peter Schiff & Economic Crisis – NewWaveSlave.com http://www.youtube.com/watch?v=6FGcqjc1v18

  56. if you rember this your fucked. http://www.youtube.com/watch?v=NanaVb77plI

  57. @Namarama. food is the most important thing. remember booze will get you through times without money better than money will get you through times without booze. ;-)

  58. @ronron:

    Thanks buddy.

    It’s on the wagon for me from now on..

    http://www.wasco-history.r9esd.k12.or.us/Images/imperial/wagon1.jpg

  59. @Namarama. good you pulled through your scare. @Snoot. hi. :-)

  60. when the red ball was low in the west they were getting hungry when a child spoke up. that man there with the cape took the sanwiches daddy. everyone looked over. they beat the child black and blue.

  61. frances snoot

    ronron:
    :)

  62. Ahh, hell . . . I want to listen to TAM, yet feel like I need to get outside and do some of the work I’ve been putting off due to the blistering heat. Will have to listen later. Thanks @ Stacy, Max, and all commenters for all of the good info. and conversation lately.

  63. and they awoke to a red ball in the eastern sky. there books were still open to the doodooronronamy section. some fucker had stolen the rest of the egg salad sandwiches.

  64. California Doctor

    @HappyDick -
    That NASA concept is NOT a space shuttle replacement.
    There is NO space shuttle replacement.

    That concept you referenced is clearly an aircraft with air breathing engines. It is not a hypersonic spacecraft.

  65. California Doctor

    MGM bankrupt?

    Say it isn’t so! How can the owners of 007 be broke?

    http://www.gather.com/viewArticle.action?articleId=281474978360506

  66. I must say, I may have an internet addiction, but I truly enjoy the light of “Keiserville” and the sanity, acceptance and open dialogue. Thank you for keeping me a float.

    And yes, somewhere DNA has taken a wrong turn.

  67. The “perfect citizen” scam wakes me up to the fact that I am on the internet WAY too much.

  68. @SAO – re: Prince William having no money; I tell you, all aristocrats/oligarchs pull this trick . . .

  69. call your congress man/women and demand them to reinstate glass-stegall!

    We need to kick the british out of America for the 3rd time (wall street). The real revolution was the civil war where the british supported the south, trying to break up the union!! Just look at the confederate flag, it is the british flag minus the cross. They have been trying to take back their colony ever since the revolution, this is fact!!

  70. MirrorMirror

    Grotesquely Rich People Have Meeting to Gush About Ayn Rand, Smear Poor People

    … At the Atlantic Magazine’s “Aspen Ideas Festival,” the idle rich go to a ski resort town and pay the Atlantic Media Co. a great deal of money to listen to rich people with intellectual credentials of some kind talk at each other for a while. It may surprise you to learn that these wealthy elites think the biggest problem facing America today is that the wealthy elite have to pay taxes, while the poor and unemployed sit around collecting “Social Security” and “food stamps” and “unemployment benefits.”Real estate tycoon Mort Zuckerman — an intellectual nonentity

    http://blogs.alternet.org/speakeasy/2010/07/08/grotesquely-rich-people-have-meeting-to-gush-about-ayn-rand-smear-poor-people/

  71. I once knew someone who was racist. He hated everyone including himself.

  72. frances snoot

    Well, I say he ain’t “an angel of peace, a preacher of truth in my own place”.

  73. Next Space Shuttle for NASA?
    http://apod.nasa.gov/apod/ap100707.html

  74. The Dork of Cork
  75. Lessons in Brazil’s oil spill after a decade

    http://www.youtube.com/watch?v=WBZNKcQ4ba8&feature=related