Stacy Summary: We look at the latest scandals with stolen credits and the debt in Europe. In the second half of the show, Max talks to his guest Gregor MacDonald about the role of energy in US economy.
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Most recent: 
The reason the price of oil went up was BECAUSE of the fall in supply. For some reason many people fail to comprehend that a cartel means a group of producers driving down supply to increase the price. Yet people seem to think that the oil cartel is different some people actually believe that the oil cartels are trying to maximise oil output. There is vast oil reserves around the world, any oil shortage is artificially contrived by cartels trying to bid up the price and make more profits.
Oil is abiotic, it exists in effectively unlimited quantities beneath the earth. This is why Russia is seeing their production increase even though they are supposed to have peaked decades ago. OPEC are getting pretty annoyed at Russia increasing their oil output rumor has it.
Why is the Washington Post not only late to the game on this story, but not crediting their predecessors? See Democracy Now!’s much more comprehensive coverage, featuring Tim Shorrock (.com), author of “Spies for Hire” on privatization of intel. See also Russ Baker’s new book, Family of Secrets, for an update on the Post’s historical connections to the intel community, as well as G. W. Bush’s statement that intel was privatized in the U.S. *decades* ago (on his watch). You might ask yourself what purpose is served by the Post publishing this report now: is it trying to reveal, or to control/limit the story? Shorrock: “I’m shocked at the paucity of new information and anecdotes.”
@Stacy & Max – Was just watching an old show (november 2009) of the Keiser Report. Allot has happened between nov 2009 and today, but nothing has changed.
Great Guest, invite him back.
Here’s Marlon Brando reading T.S. Eliot’s “The Hollow Men” (and the late Dennis Hopper):
http://www.youtube.com/watch?v=845Hx3XV9EU
“Mistah Kurtz- he dead.”
http://www.youtube.com/watch?v=A8ZnDTQ7NA0
@ MM
I am a male lolololol
thats my pet name
my real name is also kinda female name
Hic
How many women do you know who drink and smoke everyday ????
If so can ya introduce tem to me
In my religion though I am an athiest ya could land up with a womans name too
Fer Example me real name is Sharan ( sharan in the Hindi language means Shelter ) Sharan = Shelter
lolololol
ROFL
Hic
I was given my pet name because me Hair style was like Napolean Bonapart when I was Born
@Bonn … “Tropical Storm named After Me Bonn”
I didn’t know you were a female !
House pressured to pass stripped-down war measure
http://news.yahoo.com/s/ap/20100723/ap_on_bi_ge/us_congress_war_funding
How did I know tis was a possibility ???
Oil spill work on hold as Bonnie approaches
http://news.yahoo.com/s/ap/20100723/ap_on_bi_ge/us_gulf_oil_spill
COOL a Tropical Storm named After Me Bonn is actually short form fer Bonnie I was named because When I was born I had Napoleans Hairstyle
NKorea tensions spike at Asian security forum
http://news.yahoo.com/s/ap/20100723/ap_on_re_as/as_asean
lolololololol
ROFL
Hic
I never knew I would be part of History
BP Managers Robert Kaluza, who oversaw operations on the rig, and Patrick O’Bryan, BP’s vice president for oil drilling Named in Disaster Probe http://online.wsj.com/article/SB10001424052748703467304575383330524596218.html?mod=europe_home
China may switch to currency basket for forex rate – Central bank official suggests move away from dollar as benchmark http://www.marketwatch.com/story/china-may-link-yuan-trade-to-currency-basket-2010-07-23
BP suspends relief-well activities on potential bad weather – Tropical Storm Bonnie is projected to track into the Gulf of Mexico http://www.marketwatch.com/story/bp-suspends-relief-well-activities-on-bad-weather-2010-07-23
Matthew Simmons (The Ocean Energy Institute, Founder and Chairman) Discusses BP’s Oil Leak in Gulf of Mexico http://www.youtube.com/watch?v=DwX9RXFRJD4
“BP cap is a total diversion” “The Biggest Environmental Cover up EVER!”
Saving is Futile….
It’s the End of the World As We Know It
What are 308,367,109 Americans supposed to do?
…
…
How does one decrease the cost of labor in America? Well first, you have to bust the unions. Check.
Then you have to create a pressing need for people to work – perhaps give them easy access to credit and then get them to go so deeply into debt that they will have to work until they die to pay them off. Check.
It also helps if you push up the cost of living by manipulating commodity prices. Check.
Then, take away people’s retirement savings. Check.
Lower interest rates to make savings futile and interest income inadequate. Check.
And finally, threaten to take away the 12% a year that people have been saving for retirement by labeling Social Security an “entitlement” program – as if it wasn’t money Americans worked their whole lives to save and gave to the government in good faith. Check.
…
…
…
http://www.philstockworld.com/2010/07/17/its-the-end-of-the-world-as-we-know-it/
Good article .. nice pictures !
Newspaper Chain’s New Business Plan: Copyright Suits
By David Kravets July 22, 2010 | 3:29 pm | Categories: The Courts, intellectual property
Steve Gibson has a plan to save the media world’s financial crisis — and it’s not the iPad.
Borrowing a page from patent trolls, the CEO of fledgling Las Vegas-based Righthaven has begun buying out the copyrights to newspaper content for the sole purpose of suing blogs and websites that re-post those articles without permission. And he says he’s making money.
“We believe it’s the best solution out there,” Gibson says. “Media companies’ assets are very much their copyrights. These companies need to understand and appreciate that those assets have value more than merely the present advertising revenues.”
…
…
http://www.wired.com/threatlevel/2010/07/copyright-trolling-for-dollars/
@Bonn
Obama is a SLACKER http://www.youtube.com/watch?v=yfSt693Ev0w
http://www.youtube.com/user/geraldcelente#p/u/1/n0Fq81j4fSA
Gerald Celente interview with http://www.MiningStockTalk.com 19 July 2010
“Politics is Show business for Ugly people ” –Gerald Celente
lololololol
So true
Hic
Emergency Press Conference on Newark Budget Gap; Massive Service Cuts; No Toilet Paper for City Offices; Newark is Bankrupt http://www.youtube.com/watch?v=jp33ajAqoaM
My Brother and his wife Who are US citezens
Hic 
Tey voted fer Obama
lolololololololololololololololololoolo
ROFL PMSL
Hic
@Bonn
The End of America. 10 Steps To Fascism. Documentary film adapted from Naomi Wolfs book – 5/8
The USA would NOT NEED Homeland Security if they were to stop all the wars they started !
All in … “Confessions of an Economic Hitman” – Jon Perkins
PS:
Of course Homeland Security is NOT about protecting YOU … it’s about protecting the PTB Elite and their system !
Deflation Gloom
Price Deflation at Canadian Grocery Giant Loblaw; Anecdotes from the Illinois Home-Front http://globaleconomicanalysis.blogspot.com/2010/07/price-deflation-at-canadian-grocery.html
AFGHANISTAN 2001-? Troops, bombing, missiles Massive U.S. mobilization to overthrow Taliban, hunt Al Qaeda fighters, install Karzai regime, and battle Taliban insurgency. More than 30,000 U.S. troops and numerous private security contractors carry our occupation
lol look at the Time of the War 2001 – ?????
ROFL
Here are some more
PHILIPPINES 2002-? Troops, naval Training mission for Philippine military fighting Abu Sayyaf rebels evolves into combat missions in Sulu Archipelago, west of Mindanao.
COLOMBIA 2003-? Troops US special forces sent to rebel zone to back up Colombian military protecting oil pipeline.
IRAQ 2003-? Troops, naval, bombing, missiles Saddam regime toppled in Baghdad. More than 250,000 U.S. personnel participate in invasion. US and UK forces occupy country and battle Sunni and Shi’ite insurgencies. More than 160,000 troops and numerous private contractors carry out occupation and build large permanent bases.
PAKISTAN 2005-? Missiles, bombing, covert operation CIA missile and air strikes and Special Forces raids on alleged Al Qaeda and Taliban refuge villages kill multiple civilians. Drone attacks also on Pakistani Mehsud network.
SOMALIA 2006-? Missiles, naval, covert operation Special Forces advise Ethiopian invasion that topples Islamist government; AC-130 strikes and Cruise missile attacks against Islamist rebels; naval blockade against “pirates” and insurgents.
BOSNIA 1993-? Jets, bombing No-fly zone patrolled in civil war; downed jets, bombed Serbs.
Freakin USA is like a re-appearing Skin Rash
Hic
@@Mike/Liverpool
That reminds me of an phrase I uses a year ago or so …
The Good News: Better than Expected.
The Bad News: The expected Nothing, Nada, Noppus.
@Mike/Liverpool
U.K. inflation is well over 3% – UK inflation for June 2010 registered a small drop from 3.4% to 3.2% http://www.marketoracle.co.uk/Article21054.html
So were does this leave this 1.1% for Q2?
Just listenin to Celente on
Gerald Celente interview with http://www.MiningStockTalk.com 19 July 2010
lol its True post WW 2 USA has knoked up the most number of Wars its been involved than any other country
Hmm lets see
Lets see
Korean War
Vietnam war
Gulf war 1 & 2
Afghanistan War
Serbia thang
and one or 2 south american Episodes
that was my List
@ Stacy & Max
ya should bring tis up on RT or OTE
http://academic.evergreen.edu/g/grossmaz/interventions.html
My god I thought it would just be 4 or 5
As senator RonPaul says “We go into Country we Bomb the hell outta them then we give Contracts to private companys / corporations “
UK growth SHUTS up to 1.1% for Q2 ………….it only cost £200 Billion of “QE”
Mike
@Youri Carma …. Bean Fun
LOL … nice !
Silver Coins on Ebay
Spain … ca.330 offers ! (dinero)
France … ca.1,000 offers ! ( Pièce en argent )
UK … ca. 7,000 offers !
Germany … ca. 280,000 offers ! ( Silbermünzen)
Interesting ?
Bean Fun http://forum.prisonplanet.com/index.php?topic=166944.0
[email protected]
To disgruntled neighbours, it is a “space-age petrol station”. ……………….
Oh Yeah… as if ….about this Article “EU stress tests: who knows, who cares? ” from Christopher Whalen:
As if the American banks are Soooo transparant with their off sheet balance sheets and Peek-A-Boo accounting. Again the big pot (what used to be a melting pot) calling the kettle black as the darkest night.
@Bonnn … Mr Bean star’s ‘space-age’ design goes on display
http://www.oxfordmail.co.uk/news/headlines/8280547.Mr_Bean_star_s__space_age__design_goes_on_display/
The comments are hilarious …
…
…
He’s having a laugh isn’t he? This is in an Area of Outstanding Natural Beauty and it looks like an office block. Money should not mean you can get away with this. It should be refused. He’ll no doubt appeal but I hope an Inquiry will show how out of tune this is with its surroundings.”
+++
Quentin Walker, Oxford says…
11:43am Tue 20 Jul 10
Well, he IS a comedian…
…
..
@Bonn … “Wow 34 million views of Mr. Bean”
Yeah ….. Mr. Bean for Prime Minister !
Although he’s not too popular in Oxfordshire right now !
He wants to knock down his beautiful 1930′s house to replace it with some modern glass/steel cage – designed by an American IIRC.
The locals are up in arms !
Naughty Naughty !
@ MM
Wow 34 million views of Mr. Bean
EU stress tests: who knows, who cares? http://blogs.reuters.com/globalinvesting/2010/07/22/eu-stress-tests-who-knows-who-cares/
RECAP STRESSTEST: Who got stressed? by yours truly http://forum.prisonplanet.com/index.php?topic=180845.0
Stress tests will make or break banks
Europe’s banks are on trial and must prove they can withstand another crash.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7905322/Stress-tests-will-make-or-break-banks.html
Ridiculous “Stress Tests” !
To think that a Commitee can judge whether a bank can survive some future market meltdown is pathetic.
I wonder if this video describes the current state of the markets …
( Mr. Bean on the high spring board .. watch the end )
Mr. Bean goes to the swimming pool
http://www.youtube.com/watch?v=a4cmrMJul1g&NR=1
Bernanke says further easing hinges on jobs- No kidd’n Sherlock!!!
The Federal Reserve may try to push borrowing costs even lower if the job market continues to languish, Fed Chairman Ben Bernanke said on Thursday, offering a hint of what might trigger additional monetary easing. http://www.reuters.com/article/idUSTRE66L3QW20100722?type=GCA-Economy2010
ahahah Lower ahahah to Zero Zappy from 0.25% ROFL
Fed could trim interest rates further: Duke http://www.marketwatch.com/story/fed-could-trim-interest-rates-further-duke-2010-07-12
http://www.youtube.com/user/geraldcelente
Gerald Celente on Dr. Bill Deagle Nutrimedical report 20 July 2010
Doc Bill Deagle says they already cuttin medical benifits & lettin peeps die
The Arabs have easier oil but they have to wait till their old wells fill up with oil again. Do your research! Oil is Abiotic.
Prove? In fact BP hit a Abiotic well in the gulf with huge amounts of Methane which proves this. Same as the presence of methane on Saturn’s moon.
No surprises…
Congress Ranks Last in Confidence in Institutions
1973 – 2010
http://www.gallup.com/poll/141512/Congress-Ranks-Last-Confidence-Institutions.aspx
Currently only 11% .
Well here Gregor MacDonalds says it – The Basterds in London, who decide the oil price, keep it below $75 a barrel to create an artificially scarcity later. Also to push the Peak Oil bogus.
People who DID do their research on oil know that the Arabs admitted to the fact that they made a deal with the London oil scamsters to lower the price of oil signifivcantly every 5 years to wipe out any alternative oil energy investments and research to keep the oil oligarchy going.
They don’t care about the environment at all.
@farang
What an excellent post! I am really learning a lot today. Thank you
Invasion of the Apparatchik
http://www.youtube.com/watch?v=eD1CSmjiNiM
4 minutes from W.E.Pollock
From the geopolitical perspective, I think Turkey will emerge as a main player in ME and the world because the country has become a hub of energy and have plenty of water that the neighbor states desperately need. There was a planned water pipeline between Turkey and Israel, but NetanYahoo blew it up.
Related Articles Keiser Report – Markets! Finance! Hollow Men! with Gregor MacDonald July 22nd, http://forum.prisonplanet.com/index.php?topic=180881.0
very good interview that contains a lot of good information. I am pleased that at least i am learning something everyday. Thanks!
If I lived on Planet China and owned a car manufacturer I would find this hilarious.
WTF! GM CAN’T AFFORD TO BUY ANYTHING! 7-22-2010
http://www.youtube.com/watch?v=9qqtKyD238I
GM buys Americredit Corp.
@Youri – thanks!
Great Show Folks!
No Minister: 90% of web snoop document censored to stop ‘premature unnecessary debate’
http://www.smh.com.au/technology/technology-news/no-minister-90-of-web-snoop-document-censored-to-stop–premature-unnecessary-debate-20100722-10mxo.html
The federal (Australian) government has censored approximately 90 per cent of a secret document outlining its controversial plans to snoop on Australians’ web surfing, obtained under freedom of information (FoI) laws, out of fear the document could cause “premature unnecessary debate”.
Keystrokes cannot describe this.
AJ already broke the news that Russia produces more Oil than anyone some 3 or 4 weeks back with its 40,000 ft drillin capability
Well We all gotta wait till the experts come upto speed
lolololololol
ROFL
Hic
http://en.rian.ru/russia/20100127/157696641.html
Russia has discovered a new large oil deposit with estimated reserves of over 150 million metric tons (1.1 billion barrels) in East Siberia, Natural Resources Minister Yuri Trutnev said on Wednesday.
18:26 27/01/2010
Another good show!
More Jimmaye Karter….
“A Crisis of Confidence”
http://www.youtube.com/watch?v=1IlRVy7oZ58&feature=related
Carter vs Regan – Debate 1
National Health Insurance, etc.
http://www.youtube.com/watch?v=px7aRIhUkHY&feature=related
Same as it ever was…same as it ever was…
Jimmy Carter Declares End to Foreign Oil Dependence (1970′s)
http://www.youtube.com/watch?v=injqO8nzCK0
I love it when French people riot in the streets. The English only riot during soccer games it seems.
Max thank you for all you do.
@Max and Stacy
Terrific show, some fascinating info,
will have to watch a few times for it all to sink in.
A very sober video on the Gulf of Mexico by Matt Simmons 7/22/10
http://www.youtube.com/watch?v=DUn_nve9VH4&feature=sub&videos=vnd0jJe3kUU
If the Gulf can be fixed, it would cost $1 trillion. He says its destroyed. I’m afraid he is right.
“tat hilly billy”
What is “tat”, Billy Bob?
Tat is a wurd fur them hillbillies.
Ain’t none round hair.
Nope.
We ain’t got no hillbillies but we do gotz y’all Billy Bob. Y’all said somethang to rile up that air Bonn coot?
Ain’t got two wurds fur that Bonn feller.
Wahl, I figure we’z gotta be looksie-say fur hillbillies. Mizz Stacy don’t need none a’hangin’ bout.
Yep.
Where’s Steller?
She’uns been a typy-typie all the live-long day at somethang. She do beat all.
Yep.
Night rawn rawn, Night BonnBonn, and night purty MizzStacy. Oh, and I do take off me hat to Mr. Max asswell.
Night, BillyBob.
Night, Cleetus.
……..
Night, Steller.
Night, BillyBob. NIght, Cleetus.
Night down-to-the Otis’s.
Night,night,night,night,night,night, Cleetus.
……….
Night, Ma.
Night, Pa.
Night, Harry W.
…………….
Awwwoooooooooo
Dana lets you listen for free here ……….http://www.cowswithguns.com/cgi-bin/listen_album_cowpilation.cgi?cart=1279850942
LUBRICATE
CHORUS:
Oh I’d go anywhere to fight for oil, be it olive, safflower or crude,
For cooking, for cars, take a rocket to the stars,
For a back rub, romantic rendezvous,
In your engine, on your face, or almost any place,
A little dab of oil will get you through,
Oh I’d go anywhere to fight for oil, to lubricate the red, white and blue!
If you drive a big V-8, it’s time to celebrate. They’re gonna fight a war for you,
To keep gas prices cheap so when you drive or when you sleep,
You can do it in an air-conditioned room,
For driving is your right, so let’s get out there and fight
You can read it in the constituuuuuu . . . tion
Oh I’d go anywhere to fight for oil, to lubricate the red, white and blue!
CHORUS
For a place to attack, why not attack Iraq?
They’ve got coconut and palm oil and crude,
They invaded Kuwait, so let’s not hesitate,
We can blow up a country or two.
If it’s oil or it’s grease, we don’t have time for peace,
Waging war is what we want to do
Oh I’d go anywhere to fight for oil, to lubricate the red, white and blue!
CHORUS, followed by ending . . .
. . . it’s gonna be a great fight,
Should only take a fortnight
To lubricate the red, white and blue!!!
Dana Lyons: Guitar and Lead Vocal
Max Keiser, they say I am an exurb refugee
Yes they say I am an exurb refugee
They say I am an exurb refugee lord lord but I ain’t gonna be treated this way
http://www.youtube.com/watch?v=b0NBKYHi_vU#t=1m8s
Here it’s either be a cashier or commute to Wall St.
watches have been synchronized by all players but the people ?
The only question is when, not if. The world is running out of oil. The West and now China are both addicted! It’s like a cocaine party where everyone is friendly until the snow runs out then there is inevitably a fight.
The industrial crack, known as oil, is now runing out. Major war looms. And remember, according to those Indians, it’s lights out at the close of 2012 so we all had better party like it’s 1999!
What Stacy may want to have on you guys’ show is someone familiar with the end of time theories. That should really get the pot boiling!
And speaking of “Economic Warfare”
The latest RealNews piece on Israel is worth watching…
You can be nailed by Israeli Law for PROMOTING economic blockades against Israel…
..
http://www.youtube.com/watch?v=5fjWoqVf718
so…
FUCK ISRAELI PRODUCTS!!!!
DON’T BUY THEIR TOOLS…
DOWN WITH MATZAH BALLS!!!!
There… now I’ll be banned from entering Israel for 10 years
maybe even fined up to $10k
White Stripes
http://www.youtube.com/watch?v=1OjTspCqvk8
@Stacy
don’t thank me…
it was jischinger’s fault that I stumbled onto the interview series with him…
But he would definitely “stir the pot” and bring a perspective that is not America-centric…
I live in HK and I can tell you that when Hong Kongers visit the Mainland, it’s the same story. It works both ways. We scam their tourists they scam ours. Not only do the tour guides force them to buy they also lead them to buy counterfeit goods. You hear from time to time some mainlander upon returning home found that the diamond ring that she bought in HK was fake. So the moral of the story is don’t join tours.
Long Beach represent.
http://www.youtube.com/watch?v=qe6uwUn-qmM
I believe I can discern Miley’s cameltoe.
http://www.youtube.com/watch?v=M11SvDtPBhA
@Giuseppe – thanks for the tip on Shir Hever; will contact him
Mexheeco.
http://www.foxnews.com/politics/2010/07/22/state-department-restricts-diplomat-travel-mexico-warns-citizens/
http://www.youtube.com/watch?v=LXxjQmvbHIs
Frank Black… a real American.
The maddened Wall street and London City financial elites may soon take us down this road as they try to stave off collapse—STOP THESE MANIACS NOW!
The immediate threat of a pound or dollar currency collapse is leading the ruling financier factions to reconsider a very dangerous flight forward in the form of an attack on Iran, precisely because such an aggression would likely lead to a blocking of the Straits of Hormuz or in any case to a serious disruption of one third of the world’s tanker traffic. Following the tested model of the Kippur war/oil boycott of October 1973, the US-UK financiers would bid up the price of oil to $500 or $1000 per barrel, thus creating enough demand for dollars to soak up much of the dollar overhang and prop up the greenback, at least for a time.
@ronron
Buffalo dying… horse look bad… me shoot him?
No Tonto… I’m going to try and pull him through…
Fuckin Lone Ranger….
thanx for that…
The entire series of (disjointed) interviews with
Israeli Economist Shir Hever (c/o The Real News)
are eye opening…
some wise nuggets of truth are laid within…
There are 5 of them…
I can’t link it efficiently, but the best way to watch them is to just type
“Shir Hever”
in the Real News page on YouTube,
and you’ll get them in chronological order…
This guy would be a very interesting guest on mAx’ ON THE EDGE show, since it is Iranian based…
Great fucking apples.
http://www.twinleaf.org/articles/pippin.html
Queen Victoria.
http://www.youtube.com/watch?v=i4VdcMXVO_g&feature=related
Steely Dan
http://www.youtube.com/watch?v=i2Fs5GrUBwI
Interesting chapter nine of the new Nato Forum paper.
http://www.ndc.nato.int/download/downloads.php?icode=201
Miley Cyrus
http://www.youtube.com/watch?v=M11SvDtPBhA
ter anybody ter.
@Stacy. thank you masked man. hahaha lololo. tune in every week.
@Youri. it’s long. http://www.youtube.com/watch?v=cNgkYAzU6eM
On the theme of Credit:
As credit card holders play it safe, issuers increase non-penalty service fees
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/21/AR2010072106378.html?hpid=topnews
It is good that we can set up a contract with the bank in order to agree over the fee prices and the interest rate accompanying the credit card use. How weird would it be if a bank could change the terms in your contract of credit card as they pleases, changing fees and interest rate without even asking you if it is okay or not, no I’m glad we don’t have that anymore . . . phew!
Tamir ….Righteous Dude.
Been reading Gregor since I discovered Keiserville. He’s a guy who looks past the veneer and gets to the root of things.
Re: Tar Sands, there was an oil company who applied to get 25% of the flow
of a major river system in Alberta. Since the laws are tilted to industry the farmers and ranchers were fukd. Turns out that because of seasonal flows the river has only 2% of its flows during 6 months of the year. A large chunk of Alberta would go dry with the oil company taking every drop.
Luckily the gov found a backbone and protected the resource.
However there are lots of things going on that need water, shale oil, coal gassification etc. In all of this landowners and citizens rights are trumped
by corporations rights.
Expect to see a huge dust bowl where western Canaduh used to be.
No more wheat, beef, canola, barley. The dirty thirties was just a prolog.
maybe, unbemotherfuckingbielieveablyfun. skinny fucker.
@Youri. Stacy been quiet lately. AA? hahaha. only kidding. i have no sarcasm button yet?
Max, are you for abortion?
Like Max said would happen:
GM gets back into the subprime loan business http://www.marketwatch.com/story/gm-gets-back-into-the-subprime-loan-business-2010-07-22
@ronron
Here you have your wiping basterds shitting your hood LOL http://www.youtube.com/watch?v=ZZLLvSPiRiM
http://www.youtube.com/watch?v=sXQutONH9Zk
Or an sexy but angry Screen Cleaner http://www.youtube.com/watch?v=ztFGXIuojQk
Fixed-rate mortgages break record lows echoing signs of weakening confidence http://www.marketwatch.com/story/fixed-rate-mortgages-break-record-lows-2010-07-22
@Youri. i can see the skinny fucker at the car wash with whiskey on board. hahaha. lololo. india must be unbemotherfucking fun.
OBAMA IS A SLACKER http://www.youtube.com/watch?v=yfSt693Ev0w
@ronron
Who wants bastard carwashers? You Stupid Boy http://tinyurl.com/ydxab4g
You want sexy Italian carwashers http://www.youtube.com/watch?v=WN8vK4xS96w
let me ask y’all. where else can you find bastard carwashers?
will paris build a second eiffel tower to compete with the first in a battle of the towers fund raiser to raise the money to re-liquify the croissant as the bakery de item de choice since it is loosing ground to the american muffin?
HIDDEN QUANTITATIVE EASING
In An Attempt To Reliquify Economy, FDIC Starts To Retroactively Pay Tens Of Thousands Of Dollars To Depositors In Failed Banks
http://www.zerohedge.com/article/attempt-reliquify-economy-fdic-retroactively-pays-tens-thousands-dollars-9500-depositors-fai
http://problembanklist.com/uninsured-depositors-of-failed-banks-to-be-reimbursed-0137/
This government is completely Lawless.
First Lesson in Lawschool: You can’t make retroactive laws for all kinds of reasons. One is that people have to be able to trust the Laws and the system and retroactive laws undermine that.
But maybe they got the the idea that nobody trust them anyways so they don’t care about that anymore.
Nonprofit health insurers hoard surpluses even as they hit their individual customers with double-digit premium rate hikes, a new study found. http://www.marketwatch.com/story/nonprofit-health-insurers-hoard-cash-2010-07-22
@ ronron
@Bonn. snoots a very bright man.
Yer gonna get hauled in fer tat
lolololol
Rofl
Hic
Oks nighty night all tanks to me B@#tard Car washer
As Wall Street and the Government kills “the little people” the kill the goose with the golden eggs.
Extreme rich people contribute absolutely nothing to the Economy. If you believe otherwise, you’re the chump.
@ Ronron
Even I miss SG but he did’nt realize the fight is out tear not here
We are fumblin idiots tryin to save are arses while all hell breaks loose
&
PS I don’t start drinkin till its 8 :30 pm here rarely drink durin ta day maybe 4 times a Ear or on special occasions
SDR. start drinking rightnow.
@jischinger,
Thanks for the link. I watched it, and what stoke me the most was the statistics about 1965. But these were the good old days, before the occupation, before the political power of the left was watered down the way it was. Israel was founded, in practice, but the Jews that belonged to (but not only, of course) the European left. In time, as the structure of the population changed and more conflict took place, there was a huge tendency to the right. And then you get idiots like Netanyahu. And Liberman. And their moron friends. Or the religious parties. The guy on the film was really put the “weapons on target”.
@Bonn. snoots a very bright man.
@Bonn. i miss phil too. i had a few fights with SG but he is young. they know it all.
@Bonn. i never have a drink before 3. 10 minutes to go. poured a dead wall today. hurts the old man but.
@ ronron
Cause I am largely neutral unless I am Piss drunk but still neutral
But when someone picks on me un- nessarily like super geek or tat hilly billy I go bisserk lolololol
Snoots Well I picked on her and she showed me my arse hole so i dont argue wit her ; she is freakin brainy
lolololololol
ROFL
Hic
Toe I miss Phil/germany
Dunn)o where he is I hope he is fine
Hic
SLIDE SHOW http://www.marketwatch.com/story/paris-plage-in-pictures-beating-summer-heat-2010-07-22
Paris commits a faux plage
“Paris-Plages,” now in its ninth season, brings beaches to people who can’t bring themselves to the beach. But the popularity of the riverside retreats has proved broader than the city ever anticipated.
@Tamir you might find this interesting:
http://www.youtube.com/watch?v=vJrvnM9Thx4
please, any reaction or knowledge you can share would be appreciated.
@Bonn. stacy likes you so she won’t be pissed at you. they gotta buy oil with dollars or bombs. either way they will have it. stacy only gets mad at me. i’m special.
@ Tamir
CALM DOWN calm down
Stacy & Max lets us use profanity in bits and when its required
Though I care a rats arse cause its just werds and i tend to concentrate on actions but still use @#@# if ya goin ballistic
Just an advice I don’t own or run tis site
lololololol
Hic
Initial U.S. jobless claims RISE to 464,000 http://www.marketwatch.com/story/initial-us-jobless-claims-rise-to-464000-2010-07-22
The disaster in the Gulf was driven by BP to obtain super deep and possibly abiotic oil supplies. The mega use of Corexit to destroy the evidence makes my point. The risk and costs of offshore super deep drilling cannot be more than retrofitting refineries to run on unconventional shale oil and or coal to liquids. A friend of mine’s father ran a coal to liquids fuel refinery in the late 70′s and it produced an amazing quality of fuel. My point is, we could goto coal / shale oil reserves and greatly reduce our dependence on foreign oil. And stop the financial hemorrhaging of our $ going overseas. This would spur a lot of energy jobs in the US as well. I make my living on funding and building alternative energy projects. I’ve been a staunch opponent of the energy monopoly that runs this country. But, it is critical we use our own mega reserves of coal as nasty as that is. It’s much easier to enforce pollution statutes on shore. It can’t be as disastrous as offshore drilling has proven to be. The oceans may be affected for decades. We must pick our poisons carefully until we can transition into more sustainable energy sources. Addicts have few choices.
@ ronron
Why aint the miltary u know the abbver MIC worried about oil ???
Tell me
@farang
“How is it Americans can be so moronic that they do not know how China and Russia feel having America be the aggressive Debtor nation”
Until the spigot is cut off Americans will go on like nothing has happen. That’s not to say many aren’t trying to dig out of their own debt, but as prices go up, wages go down and jobs become scares it’s getting tougher and tougher to do the right thing. Americans, like most people in the world, are creatures of habit and to some extent victims of their own curiosity and education, or lack there of.
When Layman fell that should have been it, but Paulson and Bernanke went out, printed more money, twisted a lot of arms while making big scary threats. Then they jumped into a time machine and robbed the American children of their future. They used the funds to pay off DB and BOS as hush money then summarily divvied up the rest to their banking friends on Wall Street.
The GOP stalled the process long enough to pass the problem on to the Democrats. The Democrats, desperate for power, dropped to their knees before Wall Street’s bidding; Geithner appointed as SOTT by Obama was proof of that.
The media is owned by corporations on Wall Street, some of the biggest players are on the board of the NY Federal Reserve.
TE Lawrence said, ‘to determine a nation’s destiny those in power must control two fundamental domains, communication and transportation.’
We know who owns both.
I personally think, under the circumstances, there’s no other way to stop the crooks on Wall Street, but for states to secede, or at least make a good threat.
When it comes to Russia… perhaps Igor Panarin isn’t so far off, though his prediction might be a bit early; http://jischinger.wordpress.com/2010/02/26/secede
However, the secession and nullification movements are growing.
http://jischinger.wordpress.com/2010/05/11/secession
I think it would be great if Max and Stacy invited some of these people on their show. Particularly, Professor of Economics, Tom Naylor and Russian Political Scientist, Igor Panarin. Both would make very interesting guests.
@farang, good post. Thank for the insight.
As I see it very war has been fought for oil. Not oil for the citizens, but oil for the military. The military protects the cartel. The cartel supplies the military. Of course we the people supply all the money and the personnel without questioning and stopping the insanity from the get go.
I hope they do not monkey around with social security again, but they will. They want it all. Still can’t get over them putting the gold tax in the phony health care bill. I still yet to read the thing. Too pissed.
The huge oil gusher in the Gulf of Mexico is beyond belief. That should have everyone’s attention. Soon it will. The most unscrupulous caused the catastrophe and are still in charge. Unbelievable. Obama is covering. The truth is being withheld.
There is a great human experiment going on.
Germany, China, Russia….who will weld the money and who will weld the power? It won’t be the US. The pendulum swings.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/07/21/national/a152908D62.DTL
@ ronron
Can ya believe me car washer stole 2 larges whysky
lololololol
ROFL
I got irrated cause all he had to do was ask
I miss calculated me highness and had to venture out Drunk in me 2 wheeler searchin fer an ATM and buyin 3 more larges
lolololol
ROFL
Hic
PS Stacy is gonna be mighty pissed off with me ….but she still can’t answere
How do yas get an aircraft of ta ground without usin GASOLEEEEN
lolololololol
ROFL
Hic
Existing-home sales fall 5.1% as tax credit ends http://www.marketwatch.com/story/existing-home-sales-fall-51-as-tax-credit-ends-2010-07-22-10200
OK, I’m (also) an Israeli (yes I served in the military), and I was born Jewish, which probably makes you think I am a
1) war mongerar
2) racists
3) you know, all the rest – I don’t need to mention I’m sure
but this video here
http://www.bbc.co.uk/news/world-middle-east-10721562
made me VERY angry. VERY VERY VERY VERY angry.
To have your life fucked up like that thanks for FUCKING depleted uranium. FUCK FUCK FUCK FUCK FUCK!
@Bonn. there is still lots of oil. i agree. we just can’t get it economically or without fucking up the environment. peak oil is real you skinny fucker.
India Imports more Oil tan it Exports or vice versa WTF is wit tat
@Bonn. you gave me credit along with stacy. gonna buy some silk underwear.
Rip the Band-Aid off housing and the blood gushes http://www.marketwatch.com/story/rip-the-band-aid-off-housing-and-the-blood-gushes-2010-07-22
The housing market is like a seriously ill patient who was being given extraordinary treatment in the hope that it would be strong enough after a time to recover on its own. Only the patient ran out of insurance. And the treatment stopped. And housing is sinking into a coma.
I also Challenge Max & Stacy on the oil issue
It is finite in the sense that the Earth can produce so much in a year
But it is infinte accordin to me or Else please tell me how this So called …………..freakin got a call from a friend lost me train of thought
lolololol
RFOL
Hic
@ Max
Do you ever get the Keiser Report and On the Edge mixed up – you know, “thank” Stacy for being “On the Edge” when it is the “Keiser Report?” Just curious.
Go tell an US MIC watcha gonna do when Oil runs out
loloolololo
ROFL hic
well the world can go to hell Ive just watched this and it made me smile
http://www.youtube.com/watch?v=aNfbX6uvA6s
I should be paid fer tis sh!t
lolololololol
ROFL hic
USA has spent 2 trillion dollars in Iraq & Afganistan
Yet they aint worried about Oil when it comes to tear technology
are tey fukin nuts or tey know sometin you don’t
And Stacy & ronron
Pointed out that the MIC is protectin the finite reserves for whom ??????
If it is finite why protect it who ya gonna sell too ?
It would make lotta sense to protect an Infinite Source
OOOOOOOOOOOOOOOOOOO usin all me braincells now
lololololol
ROFL
Hic
No need to worry, according to the BBC global stocks are up on rec overy hopes. phew, thank god for that eh?
My question is if we have 500 gallon of oil left wont the MIC (military IndustrialComplex ) be worried WTF
Lindsey Williams – The Energy Non-Crisis – Part 1 of 8
http://www.youtube.com/watch?v=NbakN7SLdbk
OIL IS A CONTROL MECHANISM OF ECONOMIES
Thats sounds more realistic to me than
attention attention ********** WE RUNNIN OUTTA OIL**************
We are always runnin outta oil
in 19 79 we ran outta oil
we ran outta oil all ta time
How come we still have oil
If it is finite why don’t the rulin Elite invest in alternative Technology
lololololol
I tink I caught Stacy in the crossbars when I questioned her on US’s MIC not really concentratin on there humvees
hooray: Finally somebody who can make more debts and save America. Who will give give the loans?
“IMF Executive Board Cancels Haiti’s Debt and Approves New Three-Year Program to Support Reconstruction and Economic Growth”
@farang,
Well said.
@ farang
Hold on still readin
Wow A long poster
hic
Its gonna take time to read
lolololol
ROFL
Freakin irrated me freakin Car washer wacked booze from me Car BASKET a full bottle…….. Err Emm oks half a bottle …….Errrr Emm oks 3 larges ……but still WTF
lololololol
ROFL
Hic
@farang … great post … enjoyed it , thanks !
@SAO
And with places like the tar sands in Alberta you need 8 litres of water to produce ONE litre of oil ! Alberta irisks running out of water witl all these heavy oil plants. I am not kidding..
Geithner axed Warren
the fix is in, again
what will Americans do?
Mr. Obvious here:
BP wouldn’t be drilling 35,000 ft under the sea if oil was still easily obtained in the extraction methods of yore. Canada wouldn’t be fouling their own shores for ages if oil could be easily supplied from another source in the world.
Those folks that dream about some magical conversion from nothing into hydrocarbons in some magical hoodoo deep Earth process need to read about how specific oil geologists are about the oil fields they locate and tap into. They know which eon layer of reserves they have hit. There is no mystery: continental plates constantly push one under the other, over billions of years this is shoved into the deep Earth, and the plant and animal carbon is converted at heat and pressure into hydrocarbons.
Eventually, the source runs out, and the oil is harder to extract (uses more oil) then what is extracted. You don’t have to “run out”, you just have to run out of economically feasible oil to extract. I’d wonder if the BP well isn’t proof of that.
There is simply no “replenishing” of oil fields, the geology of the Earth has changed drastically since that period, and those so stating that there is “replenishing” sound like Flat Earthers. Again, the reports from BP’s disaster told of hitting the Cretaceous then the Jurassic crude…does anyone ever read the whole article except me?
I have no idea when it will be that we “run out”…but if it becomes true production is not being increased when/if demand returns…if there turns out to be shortages (recall the lines/fist fights at gas stations in Southern China a few years ago?) and insufficient supplies and soaring oil prices…. I’d say that was a good indication the “Peak” done came and went.
So, when the hyperinflation hits the US, expect war. (subtle segue) Won’t hit? Give me one good reason we won’t print trillions to cover Debt? Jobs will be pulled from posteriors to do what? Make what? Sell what? Ship what, to whom, that can’t make it cheaper?
Multi-trillions will be printed up, like 20 times what we have already printed up and gave to banks. Once it starts: game over. It will be some sight to see in America…from here in Thailand.
The US military is the largest entity user of oil. And now China is the largest user of oil….I believe they are called “competitors”…so which currency will you accept as an oil producing country? If you are Venezuela, and all the grief we cause them? I’d demand gold bars. If you are Iran, and we covet your oil, and lie about you having nuclear weaponry and punish your citizens with embargo…what do you do? I damn sure don’t sell you oil, ever again. I nuke it before you get it.
Can the US continue to send pallets of freshly printed US $100 bills to Saudi Arabia, UAE and expect them to accept it for their oil, or will they change to Yuan-based payment? Or want gold. Or what if Mexico decides to back their currency with gold and silver tomorrow: would Mexico have the World’s Reserve Currency? I say yes. The Mighty mighty Peso…has no ring to it…but how about the Swiss Franc backed by gold? Or a German Golden Euro? Now that has a nice sound to it…
Whichever country does this first is going to shock the financial world. Germany? Or China?
What ever happened to the Iranian Oil Bourse? What currency do they accept? What was it we just embargoed them for, again? How long after Saddam declared he now accepted Euros instead of dollars for Iraqi oil was it before he was on the “Evil Axis” list, eh? One month.
We got us a Fascist Party with two wings, Covert and Overt, “both” invested in a trillion dollar+ military that is used as security for oil corporation theft of Iraqi/world oil: meanwhile China wages capitalism against us and is winning. They think in centuries, we have CEOs thinking in 3 month “bonus” periods. Wonder which “vision” will prevail?
Yes, we pay for “our” military to protect oil corporation’s booty, but just mention protecting our markets from slave labor wage goods (which if we emulated we then can’t afford to buy… the goods these clowns want to sell, that are made in China, did they never hear of Henry Ford?) and the shouts of “protectionism” will make your ear drums burst.
I know who the “Axis of Evil” is, and it ain’t hard to figure. What the hell are those missiles for in Poland? To “protect Europe from Iranian missiles?” Bwahahaha, yeah. Like protecting Mike Tyson from farang.
How is it Americans can be so moronic that they do not know how China and Russia feel having America be the aggressive Debtor nation….makes everyone nervous when the bully is hungry and broke. Especially a lazy one that cheats and counterfeits for his cash. That tortures. That rapes children and women. That tazers it’s own elderly population…in their own bed. To death.
That hands cronies trillions while adding that to the masses’ debt, while telling old folks to work until they are 70. It’s like they have a huge neon sign saying “hubris: full up, hang me now” sign around their shoulders.
Sorry, won’t do. I’ll be taking aim at the proper targets if my SS check don’t arrive on my 65th birthday. What do I have to lose, another 5 years of work if I last, then death in 5 more? No, they simply went too far this time, and they have no clue what is going to happen.
I keep hearing about how “they never planned for us to live so long”…hahahaha, damn, they didn’t kill us all off working 60 hours a week with no raise in real wages since 1970….yeah, we live a whole extra 1 or 2 years now. Odd how you never hear about where the money goes when some poor fool laborer crokes at 66 after working every day for 45 years.
I’ll say this though: any politician that votes to raise the age of eligibility now? Their life span will decrease rapidly.
I’ll be taking names.
@ SAO
And is he after a table dance with Stacy or Max?
(or just enquiring general Parisian table-dance exchange rates? :-p )
Whao!! What’s with “winky, winky”.
This is interesting:
Hungary rejects the IMF measures to restore self rule:
http://www.bloomberg.com/news/2010-07-22/hungary-wants-to-restore-economic-self-rule-after-imf-spat-orban-says.html
Could it catch on amongst other Eastern European states?
BINGO!! MAX!!
You hit the nail on the head when you talked about the water connection in Iraq. I didn’t realize it took two barrels of water to make one barrel of oil. WOW!
I’ve read that 2/3 of the world would be without fresh water by 2025. Iraq has the Tigris and Euphrates Rivers. Get water supply. The US built the world’s largest embassy on the Tigris for close to a billion dollars. It will take $1 billion a year just to keep it going. Most all US military bases on Iraq are on both rivers.
But water is the oil of the 21st century.
Thanks for bringing water up. Also, the fact that people are apathetic. There are a lot of reasons for this. That is one nut that should be cracked.
I think it’s possible when reduced to its most basic form, to view money as a proxy for energy.
Be it oil or human labor, everything that we spend our money on is ultimately derived from this foundational equivalence.
Energy is such a critical component of not only the economy but our lives as well (eg heating, cooking, lighting, transportation to/from work, etc). Even our food comes from energy (what’s “the Oil Drum’s” estimation(?) 8 calories of energy to produce every one calorie of food (or thereabouts).
And when food transport costs rise, our income’s value decreases. When our own petrol costs rise, ditto. A massive flow-on domino effect where prices spike across the board with just a nominal increase in that one value.
The fiscal consequences from Peak Oil therefore (the real-world ones are worse) might be viewed as something like a systemic world-wide currency depreciation or alternatively like a kind of global inflation.
[hmm, it's late, need to give this some more thought sometime]
so…… winky winky, do you call stacy “sherbert” in the parisian loveshack…. and can a brotha get a table dance with a silver dollar?
H2O futures markets linked to Meteorological Machines . There’s a dollar…
YOU GUYS ARE DEDICATED…with all these videos! I have enjoyed everyone of them!
in the old days the gong would have sounded.
On the ball today with this show folks. Hadn’t heard of Gregor before.
Thanks.
Hey Stacy: ditch the old fart and come away with me, bwahahahaha…what? He’s only 50?
Darn the bad luck…..ditch’em anyway. The kid has no experience.
Q: How much did Max pay the guy on the other video to label him a “financial expert”, eh?
Thanks you two, one of the few things “newsy” I look forward to every day.
Stacy #1