[1159] The Truth About Markets NZ – 11 August 2010

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113 Responses to [1159] The Truth About Markets NZ – 11 August 2010

  1. Max and Stacy,

    Do you have to fly down to New Zealand every week to do your show?

  2. @F.Beard – very funny . . . you must have heard us mention you . . . not by name, but I was thinking of you!

  3. @Max,

    Would you send some of your loyal AGW denier fans to prison? Will you lobby so we can have Internet to keep up with your show?

  4. A litlle about me friends
    http://timesofindia.indiatimes.com/sports/golf/top-stories/Sharmila-Nicollet-grabs-seasons-first-title/articleshow/6266527.cms

    Hic ;-)
    She Gonna make it BIG I have played wit her numerous times and she is freakin Good and she 5 feet 11 or 10 inches tall I keep tellin put on Weight so you can Drive ta Ball 320 yards

  5. Well, it was ok for a little while, but then about 14 minutes in Marx & Stasi re-emerge and start up with the Global Warming idiocy. So, time to turn it off.

    It appears that Max has his skis on, can hear the roar of the motor boat’s engine and is preparing to make the big jump.

  6. But tis was her home Turf so she had an advantage :-)
    @ Max
    ya ever tried Golf
    Lotta Peeps …..Errr Emmmm ‘yall plz forgive mees fer bringin tis topic up
    @ Max
    since ya played Ice Hockey have ya ever tried Golf ???
    Lotta Professionals here are Ex-Hockey players well not Ice but on Grass or Turf and tey prity Good tey like single handicappers
    And Golf is a freakin addictive Game
    Tas only if ya play it
    @ Stacy
    Even you would Enjoy it
    Provided ya get Coached by Us fer free
    Take 6 months to get started first ten Give me a shout

  7. Golf & Snooker are the only 2 Games in the World where the Ball is stationary when ya address it
    All otter games require reactionary measures in playin
    Hic ;-)

  8. Oh And I’am really good @ Snooker as well ; I won an inter College Snooker Compition
    lololololololol
    ROFL
    Hic ;-)

  9. Have you heard of iceagenow.com, Robert Felix’s page? Ice ages appear ~ every 13k to 26k years and we’re do\ue for a big one. The ice core data that decoded the Malankovich cycle in ’77 had us on the hairy edge of an ice age then. Felix’s explanation is increases in under water volcanic activity cause greater water vapor in the atmosphere. Coupled w/ fewer sunspots and you have an ice age.. Warmer seas are due to under water volcanism. I believe global warming was yet another scheme to float the derivatives mess with carbon credits. A unit that I’ve yet to see valid measurement protocol. My problem is not with CO2 but with CO. It’s poisonous and it’s major source is the Oil an Coal monopolies. Our addiction to petroleum is in a word “nuts”. I do project management for solar PV / Solar Thermal installations. And I drive a veggie oil powered Jetta diesel. Ya gotta talk the talk and walk the walk.

  10. MirrorMirror

    In Stunning Decision, EU Orders Germany To Start Onboarding “Bad Debt” To Sovereign Balance Sheet: RBS, Fannie, Freddie Next?

    http://www.zerohedge.com/article/stunning-decision-eu-begins-onboarding-bad-debt-sovereign-balance-sheet-rbs-fannie-freddie-n

    Too Funny !
    ( NOT )

  11. freddy's mac

    hi,y’all
    @max loved your bashing milton!
    @Tony lick my scat
    @bonn r u a rich maharaja
    about me : http://www.weroy.org

  12. A 129 billion dollar economy is small … Stacy

    I remember when the entire US defense budget was about 60 billion and that was in the middle of the Cold War! The entire US budget was about 100 billion at that time.

  13. I am a climate change Dinier @ Max send me to Jail
    Though me Carbon foot print is one fifth of yers
    I have travelled by air 20 times and I travel 3 Kms per day or 1.7 miles a day on me 2 wheeler which gives me 300 Kms per Gallon

  14. Hypocrites
    Lololololol
    ROFL Hic ;-)

  15. @Aridzonan

    Another way to look at it is this;
    If global warming equals to riots in a city and derivatives and carbon credits equals to looters – you will see there are always some assholes trying to exploit a situation, but that do not necessarily mean that they are the ones responsible for creating the riot in the first place.

  16. @ WL
    I dont see or follow any link if ya dont provide a preface of yer link
    I do that
    It makes of faster idea’s if ya have a preface of yer link I can choose wheather to see it or not
    Hic
    ;-)

  17. @Geek Boy – wow, so what’s up with Ireland the past two or three weeks? things seem to be on another big leg down? http://www.businessinsider.com/blame-ireland-for-the-big-euro-crackup-today-2010-8

  18. @Bonn

    OK do not watch that video Whatever you do, do not click it…

  19. Marc Authier

    @F. Beard

    Fly Air France. Naked, gagged, handcuffed, with a tazer dog collar on the neck a RDFI chip in the brain and filmed by a peeeping Tom camera during the 48 hours of flight.

    Soon to be introduced naker body scanners in shopping malls and Wal Merde. It’s to prevent shop lifting made in China junk.

  20. @Marc Authier,

    I don’t fly but I predicted the “chained naked to the seats” years ago.

  21. @Stacy,

    Good for you to realize that gold is a central banker’s game.

  22. @ freddy’s mac
    Nope I aint a maharaja or & do not have any Gold
    I am tryin to make Ends meet
    lololololol
    ROFL
    Hic ;-)
    I don’t believe in Gold
    I Kinda follow Warren Buffet on tat
    Invest in stuff peeps actually use
    Medical or Pharma Industry Tas ever Green
    Peeps are never gonna stop Diein
    Hic ;-)

  23. @Stacy,

    Gold is not a “store” of value. Any value gold has above its industrial and jewelery use is an ILLUSION that gold bugs and hoarders further. Common stock is an ideal store of value. Common stock would therefore make an ideal form of money NOT gold.

  24. @Stacy,…They’ve started discussing internet trolls on MSM !! ,… what’s gunna happen if they stop us ?,…
    Might have to get back under one of the bridges over the Thames,…..ah well,….good while it lasted,… : )

    http://www.youtube.com/watch?v=0O51q8akz3A&feature=related

  25. Marc Authier

    @F. Beard

    And I forgot. To go on the plane you will also be innoculated with H1N1 terminator MonSatan vaccine kill bug GM. Welcome to Stalag 666. Ther is something satanic in power. The Beast started wuth the planes. The Devil does not like planes. It used to represent liberty. Now planes represent Satan. I don’t when people will get hopping mad. In reality bastards like Tcheroff are training the people getting raped and exterminated. It’s not just the airplanes. We are effectively in presence of demonic entities. I’m no religion fanatic, but I know Satan when it comes to power. These people are demoninc.

    They won’t stop to planes you know.

  26. @ WL
    Whats wrong wit yas grow up buddy
    I find that I sometimes head to links which pisses me Off cause I I feel I wasted me time
    For all ya knows I probably seen tat
    And how do I know Its not Entertainment
    How hard is it fer yas to give a preface
    tear so many links here
    I hope ya understand where I’m goin

    Just check Max & Stacy tey give a breif discription on what the topic is about
    But if you just post a link I waste 70 % of me time

    Hmmm eeeerrrr just tryin to be practical

  27. And Don’t Insult me intellegence I am retired at 34

  28. Marc Authier

    @F. Beard

    Always thaught that Stalin was the Beast and the Antechrist.

    The next manifestation of the Beast will come from New-York. Life is filled with these terrible ironies. Reminds me od Polanski strange film Rosemary’s baby. Probably based on a true story knowning what New-York that cesspool of Nazi finance has become. No like in the song, I DON’T like New-York. A huge tsunami would do a lot of good to the vermine working there.

    Why 15 trillion ? With 700 trillion of arm’s of financial mass destruction, 15 trillion Re-TARP seems much much too conservative. When everything is finished it will add up to 100 trillion. Minimum.

  29. Ireland – Austerity for you, the conservative death trap.

    What was that about 1937 again, Oh Duh I Forgot cannot help myself.

    Definition of conservative = insanity, attempting the same failed policies over and over

  30. Always thaught that Stalin was the Beast and the Antechrist. Marc Authier

    I believe the word used for “anti-” also means “pseudo” so I would expect a Christ impostor in the future. Hopefully, I won’t be here having been Raptured away.

  31. @bonn
    sorry mate u lost me there! Intelligence got nottin to do with retirement, mate!!
    some of us b intelligent but will never retire.
    @Marc
    Love d idea of naked flight if u could book a bed instead of seat :D

  32. MirrorMirror

    “Are You Ready for the Next Crisis?”
    By Paul Craig Roberts


    Evidence that the US is a failed state is piling up faster than I can record it.

    One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests.

    Another conclusive hallmark is rising income inequality as the insiders manipulate economic policy for their enrichment at the expense of everyone else.


    http://www.lifeaftertheoilcrash.net/Archives2009/RobertsUSFailedState.html

  33. Marc Authier

    @Gordo
    COSERVATIVE = TERRORIST

  34. Marc Authier

    @MirrorMirror
    USA = Afgahanistan with nukes. Eat your CIA heroin. It’s good for Goldman Sachs. Can’t wait seing this failed state desintegrate like its bankster complex.

  35. @ Max & Stacy
    Each upward middle class family here has 30% in Gold
    But if ya nos ta Govt is so designed to give yas tax breaks if ya invest in tis or tat WTF nos 25 yearrs down ta line its gonna pay yas back
    India & China is USA 20 or 30 years behind in me opinion
    So peeps are fallin fer tat
    Hic ;-)

  36. MirrorMirror

    @Marc A .. I concur.

    Rome welcomed the Barbarians at the gate for exactly this reason !

  37. I shall qualify my slur

    Modern American style Conservatives = intellectally lazy apologist for the rich…or hack BS artists sorta like the old tent rivial pastors the mill owners use to buy to go keep the working class folks stupid and hating “those” folks in the south of my youth

    if you doubt this WL I can send you links to several professed Libertarian “Radio Disc Jockeys” who believe the state can prevent gay folks from marrying and prevent the building of a Mosque by private individuals who have rights to the land…they don’t understand the basics of their own philosophy

  38. @WL
    http://www.youtube.com/watch?v=zoMYU_nOGNg
    How do like tis when i don’t provide a preface

  39. William of the North

    @ F.Beard,

    How about counter party risk? What is the intrinsic value of paper?

    You sound like a Douche. Are you trying to rinse your beard?

  40. William of the North

    Max and Stacey are on the wrong side of the trade.

    What happened to global warming? BBC.

    http://news.bbc.co.uk/2/hi/science/nature/8299079.stm

  41. @stacyherbert

    Why play devils advocat on the climate? You know that it means an excuse for all the spoonfed consumer zombies that hear you say it by any chance..

  42. Marc Authier

    Milton Friedman was a fuckin nazi. Saw the work of the Chicago boys in Eastern Europe and Russia. I will never forget it.

  43. DJ bonn in ta House but he too drunk
    http://www.youtube.com/watch?v=9XVVZPefbR4
    Followin WL

  44. How about counter party risk? What is the intrinsic value of paper? Billy of the North

    What is the intrinsic value of a stock certificate? Also, gold is a non-performing asset. Furthermore, the mining of it causes quite a bit of environmental damage.

    If we ever have liberty in money creation, you’ll see your gold hoard quickly shrink in value to its mere commodity value.

    As for your insult, gold bugs are banker tools whether they realize it or not.

  45. William of the North

    @F. Beard,

    O.K. genius.

    What is it’s mere commodity value?

  46. Givin enuff practice Max in 6 months I’lll screw ya in Ice hokey
    lololololol
    ROFL
    Hic ;-)

  47. William of the North

    And with all the Environmental damage that is caused finding the stuff, wouldn’t you agree that it is under-priced?

    If you do a full cost accounting, should gold be much more expensive?

  48. William of the North

    And since I’m stirring the pot

    In Defense of Deflation. http://mises.org/daily/4623

    Is Deflation really bad for the economy? http://mises.org/daily/4618

  49. Mark Knopfler & Eric Clapton – Sultan of Swing
    http://www.youtube.com/watch?v=EQ-JyAGUsys&feature=related

  50. What is it’s mere commodity value? Billy North

    I suppose what it was before the gold bugs drove up its price in their search for “a store of value”. But if the central bankers do go back to a gold standard, you’ll have won. As for me, I rather lose than re-crucify humanity on a “cross of gold”.

    Remember this about fiat: Since most of it is debt, it can be made scarcer than gold if the bankers simply quit lending (which they have). So they can deflate the dollar and reduce the dollar value of your gold.

  51. Ooops a sad version shiftun to Lady GaGa

  52. Has Eco Marx Keiser paid the global climate reparation on his GOLD?

    Marx Keiser needs to answer this question

    Assume that human C02 doesn’t cause “climate change”?

    Do you still believe in climate debts and the global redistribution of wealth? (as you have stated)

  53. Deflation does make one’s saving go further. However there is the little problem of keeping one’s job in a shrinking economy and protecting oneself from a new and desperate underclass.

  54. Marc Authier

    Record cold in Argentivna ? Another very big wheat producer ? Buy wheat.

  55. William of the North

    @ F. Beard,

    Remember this about fiat. Paper eventually reached its intrinsic value…. ZERO!

    Historical Fact.

    So…. who is the Banker’s Tool?

  56. http://www.youtube.com/watch?v=qrO4YZeyl0I
    Freakin 270 mill views WTF lady Ga Ga
    Toe I must confess I like her music

  57. @Max,
    Can you get out a piece of paper for me.
    Write down all known reserves in oil, gas,shale,coal, excluding atomic power.
    Convert it to BTU’s
    Now get the number for the volume of water on the planet, all oceans, lakes, swimming pools.
    Now look at the input energy divided by volume.

    It’s like using a cigarette lighter to heat a hot tub.
    See what you come up with.
    I think your beef is with the sun.

  58. Remember this about fiat. Paper eventually reached its intrinsic value…. ZERO! Bill North

    I would bet that is a function of the debt-money scheme. Tally sticks maintained their value for 800 years or so in England. Colonial script did well in Pennsylvania.

    Common stock is just paper certificates but maintains its value if the corporation is well run. Why? Because the owners of the common stock can vote against new stock creation.

    Gold is the FR banker’s backup plan for when they ruin an currency. I won’t be a party to it.

  59. MirrorMirror

    @Fred’s Family … I concur.

    I would also add that the amount of sunlight hitting the earth each day is probably more than 1000 times the amount of “warming” that the human “Industry” puts out.

    Our biggest problem is POLLUTION , not warming or cooling IMO.

  60. MirrorMirror

    @F.Beard … ” Because the owners of the common stock can vote against new stock creation.”

    Rather naive wouldn’t you think ?

    The Co. Executives ( aka “The Club” ) own most of a Co’s. stock these days .. and if you count all the shares that the “Financial Industry” owns .. of other Cos. …. in their portfolios, you will get a nasty surprise methinks !
    ;-)
    i.e. well disguised ownership of the many by the few.

  61. “Gold is the FR banker’s backup plan for when they ruin an currency. ”

    But GOLD is shinny and makes me feel tingly when I rub it

    it’s a religion folks…they have their G-d and if we all showed fedelity to their G-d all of humanity’s problems would disappear…if the G-d fails its because “WE” didn’t believe enough or hold TRUE to the One True Path

    its sorta sad…at the lower levels of political discourse in my country…anytime one encounters a Conservative….they get collective amnesia about the last 10 years and when confronted by any problem from Teenage pregnacy to High Frequency trading they all can be solved by “lowering taxes and getting govmint off our backs”

    we all have our ideologies…just learn what they can and can’t do…
    Gold is shinny but I for the life of me see no way for it to do anything against that derivitives bubble lurking over the horizon

  62. INDIA film stock exchange .. russia already looking worse or similaire to US.
    http://2ndlook.wordpress.com/2007/11/10/india-the-worlds-richest-economy/
    not only do they own double of the us gold per person. It’s 22 carat gold – not 18 as in Us..
    and cows are not murdered in india. I could go live there under holy protection

  63. William of the North

    @F.beard

    Well, hey…… I was just trying to help.

    I hope your tally sticks and scripts do well during the next down leg.

    Let me know how it turns out for you. Best of Luck.

    Mark Twain. “The harder I work, the luckier I get”

  64. andrew henster

    climate chainge , its the sun max get a grip , mars ,jupiter,uranus, all the planets
    are warming up . what the helll

  65. I would like some squid with my bikini babe on the beach. could you please fly it in with a hong kong pilot. and could you please keep focussing on the on weather zone with crazy temps and not the other 1000 with cooler temps. but really chickitas on a beach in g strings and lets watch the world die. many babes scantly clad playing vag ball. yes finally the ultimate sportif vag ball. lets play ball ballance on the vag

  66. @F Beard

    Have to disagree on this,

    Common stock is just another form of fiat which can be diluted and carry’s the counterparty risk. Common stock is speculation, not that there is anything wrong with that. Gold is a store of wealth, global incremental production is limited to around 1.7% “inflation” per year and it is virtually indestructible with no counterparty. The beauty of gold is that to get that incremental 1.7% the cost rises with production costs in fiat. So gold maintains its fiat value.

    The goal of Central Banks and their cohorts is to distort the appearance of the gold value by manipulating the price in fiat, an attempt to mask the fiat devaluation scheme. Gold is a fiat thermometer, they don’t like to show that they are running a fever.

    You don’t buy gold to gain wealth, you buy gold to keep it from confiscation.

  67. @William,

    Thanks. Liberty in money creation is what I advocate. Liberty is an antidote to tyranny by definition.

  68. @chArles

    You are the Master Baiter today aren’t you…

  69. VAG BALL, VAG BALL, VAG BALL, VAG BALL!!!!! YES DON’T LET THIS ONE PASS YOU BY MAN, GET ON TOP OF THIS ONE. GET IN THE GAME!!!!! GRAP YOUR BALL AND GET ON THE VAG. FINALLY A SPORT I CAN JUMP INTO OR NOT

  70. Tis a better version So Drunk
    lololololololol
    R\ofl hic ;-)
    http://www.youtube.com/watch?v=qrO4YZeyl0I
    Lady Ga Ga teee irony is un beliveable
    Apperantly tee chicks also pissed of wit ta system

  71. Common stock is just another form of fiat which can be diluted and carry’s the counterparty risk. Common stock is speculation, not that there is anything wrong with that. WL

    Common stock as money:
    1) allows assets to be purchased directly without borrowing conventional money.
    2) shares wealth at the same time it purchases it.
    3) Since no lending is required, deflation is not a concern.
    4) no lending = no lending at interest thus abiding with Deuteronomy 23:19-20
    5) Any price inflation is born by the owners of the issuing corporation since all money recipients are by definition owners of the corporation.
    6) The argument about the correct amount of money is rendered mute since the money holders can vote on how much new money (common stock) is to be created.
    7) is decentralized since there are thousands of corporations.

    The volatility of common stock is caused by the underlying money and banking system (government backed fractional reserve banking) in which it is priced.

  72. But GOLD is shinny and makes me feel tingly when I rub it ChArles

    Buy Thorium instead. It’s how we should be generating electric power. (Don’t carry it in you pants though unless you wear thick underwear)

  73. @ this @chArles

    You are the Master Baiter today aren’t you…

    YES I AM!!!!!! I am alone in my department from 2:30 till 10 tonight so GRUMPY…no lunch no covarage no breaks…so please forgive me while I amuse myself inbetween reading my Starcraft 2 strat guide

    and everything from tally sticks, to paper to shinny rocks are all collective illusions that require the society to believe in them…now there is intrinsic value to the paper and sticks because you can burn them and recieve a minimal level of energy stored in them and your gold can conduct electricity purdy good but sucks at making edge weaponary

    so don’t regal me in its TRUE VALUE…push comes to shove neither one is worth more than a glass of water and dead rat…which could keep you alive another day

  74. MirrorMirror

    @F. Beard … all good points … but :

    I mentioned the insider game , which has BTW been going on for decades, but nobody really noticed until it was no longer able to hide.
    Effectively THEFT !

    The Financial Industry has their own but similar game of Theft.

    Which group of thieves do you prefer ?

    If the “value” of money was constant , and not eroded via theft ( inflation etc ) , maybe the stock theft would NO LONGER go unnoticed !

    You might have noticed that the DJIA in 1995 started it’s exponential curve upwards … just as the US$ started to lose it’s value even faster ( so call “money” ).

    They hid the stock ownership Theft by making sure the US$ inflated at the same rate .

    Check out the DJIA adjusted for the US$’s buying power, and you will see that it started going DOWN as of 1995 !

  75. but if someone gonna Kill me cause I am brown Skined Fuck ya

  76. @F Beard

    I am not against common stocks they have their place, but physical gold is an entirely different animal. Common stocks have their own set of risks.

    Here are 10 gold charts that every global commercial investment firm is terrified to show their clients. When priced in ounces of gold, major western stock market indexes have performed horribly over the last 8.5 years. Since, 2002, the US S&P 500 has lost a whopping 78% of its value. The Australia ASX All Ordinaries Composite (similar to the US S&P 500 index) and the UK FTSE indexes have not fared much better, respectively declining 70% and 77% in value.

    http://seekingalpha.com/article/206395-10-gold-charts-commercial-investment-firms-never-want-clients-to-see

  77. @Max/Stacy — “The Truth About Google Searches”… Have either of you EVER been here?! Talk about phoning it in. Zzzz. Wake me when Max bites a quant’s head off on RT.

    Oh, and again… cautious skepticism = holocaust denier = threat of arrest/kidnapping = move to fucking Holland you eco-fascist. The debate market must not be coerced! Hypocrites.

  78. Hmmm, quite a few people in the supposed know are mentioning the change to a new monetary system coming in a year or two. Jim sinclair mentions it.

    FROM JIM SINCLAIR:

    Dear Friends,
    Here is my New Years gift to you, my extended family.
    There is no way that the CONSEQUENCES of the largest creation of paper money since it was invented can be avoided or even modified. Odds now favor Alf Field’s price objective.
    January 14th 2011 to June 21st, 2012:
    The best part of this gift is not the one you already know, which is January 14th 2011, but rather the date that a new currency form will replace the form of the US dollar as you know it today which is the third week of June 2012.
    Don’t laugh! Write this down and do not forget about it!
    Happy (sort of) New Year,
    Jim

  79. Interesting setting this movie, 23 century, people live under domes.

    http://www.youtube.com/watch?v=c-fV6-XEk-Y

  80. @WL,

    Your assumption is that gold is a stable money form. Of course as panicked investors pile into it, its value relative to the stock market will rise. But unless the bankers succeed in returning to a government backed gold standard then gold is in a bubble. But heck, gold is a barbaric money form and who is to say we aren’t going through barbaric times?

  81. Question for all. Why don’t you think the governments won’t confiscate all the gold like they did before.

  82. I conned y’all 260 mill views is a myth

  83. You two are crazy for this global warming scam. If you keep it up we’ll have to sacrifice you to the sun god to appease him.

  84. F Beard

    Gold is not entirely risk free and fiat has gone through periods of overvaluation like 1981 with 20% interest. To crush Gold now, globally , governments would have to raise interest rates dramatically (over 20%) and stop the debt expansion. Now, there is no way they can or will do this as in 1981. The debt servicing makes it impossible. It is truly near the end, they are caught in a box. This thing will blow up, no way out. Expect, a debt default, then currency collapse.

    So, Gold is in effect a hedge against responsible gov and a creation of sound money. There are other hedges, but gold has unique properties which make it a must own for at least a portion of your wealth.

    Since fiat is not backed by gold, confiscation would not create instant inflation (fiat devaluation) as it did in the 30′s confiscation scheme, not to mention the panic that it would cause. The problem for the Central Banks globally is what do you devalue against that can be created out of thin air at a whim? Talisticks, rats? moon cheese?

    Carbon Credits…..

    Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.

    Henry Kissinger

    Control CO2, control all three. this why the globalist elites have been pushing this phony AGW. A Global Currency (SDR) backed by Carbon Credits NOT GOLD, complete enslavement, as the current scheme fails.

    The noose is quietly being slipped around our necks and Max and Stacy are too ignorant to notice.

    http://www.imf.org/external/pubs/ft/spn/2010/spn1006.pdf+imf+sdr+carbon+pdf&hl=en&gl=ca&pid=bl&srcid=ADGEEShdu-dEVRUcqyxfm4g8EJ-q1X3itPiCCgH_c3rPm_qk7vqm3fAprHl-3i2AbRSq2BQu2TIT6u0VYw4nVJUQCx1_SQH63Ka2VTS37NNYzG8Jxpi-i8YNJ_mCivXWXkT94XO794IN&sig=AHIEtbShkNHO42OjB33uQ6ayGgwpeNYQ-w

  85. This thing will blow up, no way out. Expect, a debt default, then currency collapse. WL

    The US can always pay its debts since that are denominated in US currency. As for a currency collapse, the US could have bailed out the debtors (with an equal amount to savers) with the amount it spent to bailout the banks and saved everyone in the process. But that would have discredited the system as a looting mechanism.

    As for gold, these may be barbaric times so it is wise to hedge.

  86. Good morning Stacy.

  87. Oops! I’m an hour early. How did that happen?

  88. F. Beard: I agree that there is huge value in looking for alternatives to Gold/Silver, barter for example. The USA was on a gold standard pre Nixon and ditched it because they were broke.

    However, I disagree with your faith in paper money. The petro-dollar was backed with war and neo-liberalism but even that has now been fully exploited and is a dead-duck just as Gold was previously.

    Paper is a ponzi scheme. Tally sticks were open to abuse, the milled edge on coins were added to prevent the abuses of metal currency. There is no perfect method. People place value in all kinds of weird and wonderful things. But before long lazy bastards find ways of exploiting those systems reducing their creditability.

    I do not think we can learn much from the past when searching for new systems of currency. If the past had answers then they would still be in use today. The fact that we need to even ask the question about commodities or paper or bonds post the neo-liberal collapse illustrates that they are failed ideas.

    Diamonds are another currency which – with the interest in Charles Taylor trial – fascinates me. All diamonds seem to be blood diamonds yet Western control of the market ensures that any african caught using the very minerals without whitey giving approval gets you in a trumped up globalist court in the hague.

    Diamond – a product with about as many uses as silver, ie not that many but more than gold, seems to have a value system which I cannot fathom.

  89. @F beard

    The US can always pay its debts since that are denominated in US currency. As for a currency collapse, the US could have bailed out the debtors (with an equal amount to savers) with the amount it spent to bailout the banks and saved everyone in the process. But that would have discredited the system as a looting mechanism.

    That is the hyperinflationary trigger

  90. That is the hyperinflationary trigger WL

    Banks and the US Treasury via the Fed are the only sources of new money (credit in the case of banks) in the US economy. Leverage restrictions on the banks could prevent them from fueling hyperinflation. According to P =MV/Y that would only leave increasing V, the velocity of money and/or decreasing Y, aggregate output, to cause hyperinflation. Well, also I suppose foreigners could dump their US dollars and buy up US assets but those assets would still be under US control. So, we might have a one-time spurt of inflation but hyper-inflation should not happen if the banks were put out of the counterfeiting business.

  91. Diamond – a product with about as many uses as silver, ie not that many but more than gold, seems to have a value system which I cannot fathom. Ptah

    Gen quality diamonds can be synthesized now so diamonds are a risky investment, IMO.

  92. F Beard

    You are describing inflation. Hyperinflation is another beast altogether, a psychological loss of confidence.

  93. @Bonn

    Look carefully at the imagery in Lady GaGas videos they are full of Freemasonary/Illumiati symbolism

  94. Hyperinflation is another beast altogether, a psychological loss of confidence. WL

    I would say the PTB will not allow that to happen. There are no good alternatives right now to the US dollar. China has a long way to go before people will trust her.

  95. i see folks are still playing money exchange sceniero’s for future profits and pats on the backs.

    Folks, when the elites do thier wars and crash that last thing your going to be concerned about is where your wealth is hiding.

  96. Amazing. Deflationists are like 2 dimensional beings in a 3 dimensional world.

  97. @F. Beard

    “I would say the PTB will not allow that to happen. There are no good alternatives right now to the US dollar. China has a long way to go before people will trust her.”

    This is the point that the inflation people seem to miss.
    Gold might act as a partial alternative but not for most people.

    Will the USD devalue yes but slowly over time, like the last ~ 30 years.

  98. @All

    The PTB are not as “in control” as you think or they think. When hyperinflation hits, it comes fast and is uncontrollable.

    Breaking point…

    There is not enough available money in the world to continue to fund the debt requirements of the US let alone competition from other Sovereigns. They must “print” to keep the farce going, the question is, how long can they fool the markets and keep the scam going before its over? The longer it goes, the more they need to intervene.

    A question, how do plan to keep your wealth through this if you have any ?

  99. Record cold caused by global warming, yeah right. Global warming denial a crime, yeah right.
    What a pathetic whining green ass you are Max. You are a sick and twisted schizophrenic hypocrite.
    Tell me Max, what is the correct temperature for the earth? Ask any one of the global warming scamming scientists the same question, answer, they don’t know. If they don’t know the correct temperature how do they know when it’s high or low. You go on and on about global conspiracies to control the actions of the human race yet push the anthropomorphic global climate change scam, the most overarching human control program yet conceived.
    How can you fight for freedom and slavery simultaneously?

  100. Max keeps talking about all these global catastrophes but does not link them to any major economic catastrophe. If I remember correctly, droughts in the 1930′s are what transformed an economic crisis into an economic catastrophe.

  101. Freds Family

    “@Max,
    Can you get out a piece of paper for me.
    Write down all known reserves in oil, gas,shale,coal, excluding atomic power.
    Convert it to BTU’s
    Now get the number for the volume of water on the planet, all oceans, lakes, swimming pools.
    Now look at the input energy divided by volume.

    It’s like using a cigarette lighter to heat a hot tub.
    See what you come up with.
    I think your beef is with the sun.”

    Good point but its consumption of oil and its effects on humans that is the problem. With or without humans burning fossil fuels of course the earth will go through climate and earth shaking events which seriously affect human’s, why do we live near fault lines ? why do we live on flood planes, why do we live near a volcano ?

  102. archive.com doesn’t work for me as I am in China. Will you guys upload your audio files on an alternative site? Thanks.