Stacy Summary: We look at post anti-Americanism and crouching assets, hidden wealth in China. In the second half of the show, Max talks to Jon Thorisson in Iceland about his campaign against Magma Energy and about the resistance of the Icelandic people to IMF measures.
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because I can.
Watching!, thanks guys.
amazes me to see some Americans crowing about this partial withdrawal from Iraq. 5,000 odd dead soldiers (officially), 10s of thousands horribly maimed physically and psychologically, war costs amounting to $5 trillion, hatred of the US growing across the world. Do these morons really think it was worth all that to keep the Israelis happy and the oil away from China’s hands? Then i suppose unquestioning adoration & glorification of all things military is another sign of the sickness and corruption of the empie-ah.
You know Max maybe you need something like the piratemyfilm platform for political projects, for example Greek and Icelandic politicians actually getting together and talk about common problems, this costs money and time probably, and if could set up projects like that on a platform like yours, you could judge how many people would be interested in such political action and you could share the costs to make it happen.
China overtakes Japan in 2Q as No. 2 economy 17 August 2010, by Tomoko A. Hosaka (AP) http://www.google.com/hostednews/ap/article/ALeqM5jmfkCQFvxtt6IXRmfAjmFGTya2yAD9HKKHE01
Iceland is being attacked with the classic IMF same exact four-step program: http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
1 Privatization ‘Briberization.’
2 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.
3 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas
4 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”
The implication is not that the US is a falling empire: the implication of the collapsing of the synthetic dollar/exchange valuation is a move to a multilateral system of exchange with an international global trade vehicle controlled by those who now operate the sdr/index:
“The third basic option implies the political choice between a unilateral and multilateral ERS. The unilateral approach is characterised by a country which accepts the international environment as given. This is relevant mostly for small countries. The multilateral approach means that countries join a system of binding rules. Examples of this are BW and the EMU…
Therefore, the global ERS is likely to be extensively characterised by a small number of competing anchor currencies (currency oligopoly) which float vis-à-vis each other and to which pegs and managed floats are attached (satellite currencies). Globalisation contradicts
international monopolies – including monopoly currencies. Globalisation stimulates international competition – including anchor currency competition. This is why there is no way back to BW or to any similar system based on only one single world anchor currency.”
“After the EU enlargement to the East in May 2004 there are some experts who wrote about the resurrection of the Baltic Hansa [13].”
http://en.wikipedia.org/wiki/Hanseatic_League
http://www.suite101.com/content/hanseatic-league-dominance-in-northern-germany-a105858
http://www.hanse-parlament.eu/mediabig/495A.pdf
•All Acitvitesareco-financedbytheEuropean Union (INTERREG III B, TACIS, PRINCE etc)
RT: Guinea pig nation: Pharmas use people as drug test fodder in India?
http://www.youtube.com/watch?v=7btySxkk4U0
Björk – Declare Independence http://www.youtube.com/watch?v=4P5xSntVWQE
Icelandic volcano rumbling ?
http://hanse-office.de/index.php?article_id=8&clang=1
Maybe good news for Iceland: Wellink the president of the Central Dutch Bank has to leave “elegantly” on 1 July 2011.
Nout Wellink (CFR Member) has been criticized because of poor monitoring and actions surrounding the bankruptcy of the DSB Bank and his actions surrounding the collapse of the Icesave bank. Source: RTL-Z:
“Willem Buiter must follow up DNB Wellink” – Source: NU.nl (google trans from Dutch) http://tinyurl.com/3xnh2yo
Iceland lowers interest rates to 7% (Source: DE TIJD – google trans from Dutch) http://tinyurl.com/2cahhgs
1 more excellent episode, bring back MK old school!!
Wasn’t there a rumour about Hamburg and 911?
Great show. Inspiring.
CORRUPTION COUNTERS CHINA’S PLANNING
http://www.youtube.com/watch?v=u0fY0nINZ2o
U.S Unemployment Claims
500K
No Fear of Inflation in Germany as 30-Year Yield Drops Below 3% http://www.bloomberg.com/news/2010-08-19/no-fear-of-inflation-in-germany-as-30-year-yields-fall-to-record-below-3-.html
Anual Inflation number Europa is 1.7% http://tinyurl.com/35x6tut
All roads lead to Israel and the Zionists.
Banking, IMF., World Bank, Iraq, Afghanistan. 911 Mossad/CIA op,
Hollywood, control of ALL USA MSM, Wall Street, City of London, CFR, Bilderberger group.
All totally controlled by Zionazis.
Oops. sorry, can’t be antisemitic.
Okay, nevermind.
Here’s an interesting talk, that encapsulates most of what’s going on at present on the planet IMO !
http://www.youtube.com/watch?v=CrFjb2H5cP0&feature=related
Oh those CDSs ….
Goldman Sachs sues Natixis in London High Court
… The dispute centres around whether French investment bank Natixis can cancel a deal on three credit default swaps with Goldman, which is claiming damages for breach of contract. …
http://www.reuters.com/article/idUKLNE67I01N20100819?type=companyNews
Kyle Bass was interviewed on CNBC a few days ago. Would love to see a longer interview with him on the Keiser Report. He can be seen at Denninger’s site, Market Ticker, about 3/4 down the page on the left.
Are you indicating, Duh-rook-uh, that the Zionist will control the multilateral exchange system/governance of the new monetary order? How would that happen? I thought the constructs for this new order were maintained through ‘international law’ and trade hegemony within the context of a new global trade currency (vehicle) to which the domestic populations of former nation-states would not have any access.
‘Leave no billionnaire behind.’ Sooooooo cute Max. There is name for this: FACISM. Obeyourmamatalibanana is just a plain vanilla fascist.
@ Dedo
Anyone listening to this. check out
Nam-Myo-Ho-Renge-Kyo.
The Supreme Law of the Universe. The law of cause and effect.
Actually deeper SIMULTANEOUS CAUSE and EFFECT.
This is what the Buddha discovered.
Anyone who chants that mantra will start to understand…………….and get lots of benefits on the way. Try it for 5 minutes a day for ANY desire or need you have..and try and remember. there is no such thing as coincidence.
“We’re going home, it’s over, we brought democracy to Iraq!”
http://www.bbc.co.uk/news/world-middle-east-11020270
Yes Democracy to Iraq. and now they are aligned with their Shiite brothers in Iran.
Great job. hahahah
@MammaEarth
Perhaps the new Iraqi democracy can help squash the fascists of Israel if they attack Iran.
“In order to have capitalism you need capital
in order to have capital you need savings
if the savings rate is at zero
you have no savings
no saving means no captilism.
you need jobs to have savings
and their are no jobs unless you go off to fight a fake war in afghanistan
all china needs to do is sell a few trillion in American bonds and
its adios muchachos
Mexico all the way up to canada.”
Classic Keiser,
Furthermore we should also remember that the american Military is being funded in part by China – Insane to think that the land grab designed to prevent china from gaining the resources is effectively being funded by the people the US is trying to prevent from gaining the resources.
I feel like I am in a conbination of how I learnt to stop worrying and love catch 22. Its insanity personified.
Apologies for the bad punctuation and spelling mistakes. Spontaneous prose kids. Shit happens.
““Christianity:
The belief that a cosmic zombie who was his own father can make you live forever if you symbolically eat his flesh, drink his bl00d and telepathically tell him you accept him as your master, so he can remove an evll force from your soul that is present in humanity because some rib-woman was convinced by a talking snake to eat a forbidden apple from a magical tree.”
Our government is accusing students of robbing it of tax income because they take too long to finish and get a job..
Taxito ergo sum..
Here’s a good analogy to todays media and it’s purpose:
And so the King kept Scheherazade alive day by day, as he eagerly anticipated the finishing of last night’s story. At the end of one thousand and one nights, and one thousand stories, Scheherazade told the King that she had no more tales to tell him. During these one thousand and one nights, the King had fallen in love with Scheherazade
(The art of conditioning)
http://en.wikipedia.org/wiki/Scheherazade
Here’s the music to listen to,.while reading,…: )
http://www.youtube.com/watch?v=yr1c7Xa1AqM
Lol, Mexico all the way to Canada baby!
I really hope Iceland comes trough this better than the UK, I think they deserve it.
excellent show guys.
FREEDUMB!
The Failure of the Second London Gold Pool
By: Adrian Douglas
http://news.goldseek.com/GATA/1282198140.php
This is the first concrete evidence that, just as GATA has long been predicting, the gold price is set to blow up because physical demand for gold is overwhelming the manipulators’ ability, or willingness, to provide it.
The result of the 1968 failure of the London Gold Pool to suppress gold was an appreciation of the gold price from $35 to $850 per ounce. A similar percentage today would carry gold to almost $30,000 per ounce. This is not a price forecast but an indication that when free market forces have been frustrated by market manipulation for a very long time, the equilibrium price can be many multiples of the suppressed price, and the rise is typically rapid when the suppression is overcome.
“The aide said that guys like me were ‘in what we call the reality-based community’, which he defined as people ‘who believe that solutions emerge from your judicious study of discernible reality’. I nodded and murmured something about enlightenment principles and empiricism. He cut me off. ‘That’s not the way the world really works anymore,’ he continued. ‘We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality – judiciously, as you will – we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors.. and you, all of you, will be left to just study what we do’
http://mondediplo.com/2008/01/04scheherazade
@Dedo:
Scheherazade should have told the King to go pound sand and instead she should have instigated an uprising with the other chattel.
Nothing good comes of prostituting oneself to bullies.
“Stand tall and be brave. When you’re scared of another person, you’re probably not feeling your bravest. But sometimes just acting brave is enough to stop a bully. How does a brave person look and act? Stand tall and you’ll send the message: “Don’t mess with me.” It’s easier to feel brave when you feel good about yourself.”
http://kidshealth.org/kid/grow/school_stuff/bullies.html#
Just a naive question, but why is an IT security firm worth $7.68 Bln?
http://www.bbc.co.uk/news/business-11025866
No way that money is necessary. Their profits come from extortion.
@Frances,…..I bet you teach your gran’ to suck eggs !
When faced with insurmountable odds, there are far better ways, than charging over the top of trenches,…; )
http://www.youtube.com/watch?v=-Tv5gBa9DQs&feature=related
@Mother …. “No way that money is necessary. Their profits come from extortion.”
It’s pretty obvious .. it’s not about security as such , it’s about market share !
By adding special code to their processors to improve security, it would put them at an advantage over AMD, their only competitor.
Of course, AMD would also have rights to use the same code, but Intel would have the advantage of getting t market first.
On top of that, the McAfee software would probably be the only one out there utilizing this “advance” , at least for 6-12 months.
Max, aluminum smelting is best done using charged carbon anodes and a large source of hydroelectric power. Geothermal is probably ideal as a power source to smelt aluminum.
If you all watched my graciously-provided history lesson on wages in Britain and why they’re so high, you’ll see that cheap, abundant energy sources and high wages caused the industrial evolution.
http://en.wikipedia.org/wiki/Aluminum_smelting
Hydroelectric power in Quebec powers the aluminum smelter in the Saguenay, and the same in B.C. powers the aluminum smelter in Kitimat. Aluminum and various ceramic alloys is a primary metal in the construction of aircraft.
So, think military industrial complex.
The only reason Titanium is not in use for the same is that its melting point is 1000ºC higher and requires special processes, though breakthroughs in this metal have brought it to much easier processing.
The history lesson is here:
http://www.yada-yada.co.uk/tawney2009/Tawney2009.html
Very strong parallels between the industrial revolution and now.
The result for Icelanders will be higher wages if they retain their geothermal power as a national entity, but allow for industrial development.
The way Quebec handles their hydroelectricity is to build out their infrastructure, retain their national endowment, and then sell their power below market to the U.S., while Quebecers pay higher rates and taxes indefinitely.
There is an undercurrent in business circles in Quebec to privatize Quebec Hydro.
For me the key point this guy made was about the Media. If the general public are informed, leaders will emerge and they can do something en mass. What we have now in the UK is the same problem. We have most of the hedge funds same situation with the banks yet all Cameron’s gang can talk about ( via the media) is shafting the poor and setting them against each other with an incentive to spy. Then they talk about ‘social mobility’ Osborne – ‘We believe in equality of opportunity’ Seriously can you believe that ? Crikey almighty pass the puke bag.
The thing is with Alex Jones, Max and other blasting away how long before they pull the plug and tell us we need to be protected from cyber terrorists? The more you rant and rave-push the more it qualifies their will to take down the sites and limit the internet.
Stacy’s remarks reminded me of this:
There is one who pretends to be rich, but has nothing; another pretends to be poor, but has great wealth. Proverbs 13:7
@flicks
“”The thing is with Alex Jones, Max and other blasting away how long before they pull the plug and tell us we need to be protected from cyber terrorists? The more you rant and rave-push the more it qualifies their will to take down the sites and limit the internet”"
You have a valid point, flicks.
In fact, I suspect Alex Jones with his idiot bullhorn and screaming has actually worked against the ”911 Truth movement” by making the everyone else ridicule them.
The quiet critical thinkers and investigators don’t have a chance with morons like Alex Jones.
Liquidity Trap: The Global Collapse of Government Bond Yields (Means Hyperinflation?)
Government bond yields are dropping throughout the world.
Record or close to record low yields on government bonds indicates enormous buying demand. Bonds hitting record low yields are by definition hitting record high prices. Moreover bond prices are going up when supply has undergone a tremendous expansion to pay for all the economic stimulus programs governments are running. So demand for government bonds has to be increasing faster than the rapidly growing supply if yields are falling. The obvious question is: Who is buying all of these bonds?
If yields were dropping in just one country instead of in almost everywhere, increased demand might be partially explained by countries with big foreign reserves like China buying more government debt. China has been a major purchaser of U.S. treasuries for a long time, but last month it sold about 3 of its holdings. Yet yields on long-term treasuries continued to drop, when they should have gone up.
Essentially, the central banks are ‘printing’ huge amounts of new money. This money goes into the financial system and gets recycled into purchasing government bonds and also stuck in the banking system as reserves. Most of the newly created money does not go into the real economy. It does allow governments to spend much more money than they could have ordinarily however, but most of this ‘stimulus’ actually goes for maintaining the status quo (with the objective of preventing further collapse) rather than for anything that would create growth in the future. So the economy stagnates, but holds up as long as the money printing ruse can be maintained. This is a liquidity trap and much of the global economy has already fallen into it based on the interest rate behavior of government bonds.
A liquidity trap is an ugly situation to say the least. Either a country continues to spend its wealth to support its lifestyle until all of it is dissipated and complete impoverishment occurs or it finds a way to get some of the liquidity into the real economy. The problem is that only small measured amounts of liquidity can be allowed to flow into the economy in any given time period, but this is not the likely scenario. If the central bankers were capable of making this happen, they would have already done it. More likely is that the floodgates will be open and too much liquidity goes into the real economy too quickly. Hyperinflation will then occur and prices could start to skyrocket almost overnight.
http://www.parenting-healthy-children.com/Parenting.xml
When you’re scared of another person, you’re probably not feeling your bravest. Francis Snoot
A man of great courage is a man of great faith. some Roman guy
Fate sometimes saves a man if his courage is good Beowulf
Yea, though I walk through the valley of the shadow of death, I will fear no evil for Thou art with me … Psalm 23:4
@flicks
I would put Max in the same class with the screaming Alex Jones.
Max is intelligent.
Alex Jones just spews crap he has read.
@Dedo:
I’m not for calling men to war, I’m for calling men to peace through direct action. Ignoring criminal agenda leads to war. Think about it.
Unless we hope to appease tyranny. Tyranny has an insatiable appetite.
The thing with war strategy,..is it’s “always” worked out in advance !,…
Imagine how you would react if someone told you a particular story,…
Imagine all possible reactions being accounted for,…
Be mindful of your thoughts young skywalker,..they betray you wuahhahahahahaha
Anyone fancy a hotdog ?
John Bolton Bush’s former UN guy and neocon is playing up a strike on Iran. This would be a disaster for the whole world.
@Waggle-Fish:
Ain’t n’ary body round hair that sucks eggs. Cept fur me. When I get em that is.
Cleetus done been furgotten by all, but he be round hair. He be a-readin’ them wurds over Steller’s neck, a breathin’ fit to tie a hog down, and wunderin’ why ain’t no add-vise bout buyin’ gold no more.
Is it better to sell Granny’s teeths now? I guts to dig em up. Thinkin’ they be bout left of the collards under this’n hair trailah next to the hawgs.
Cleetus, CFA and proud-of-it.
God-Bless-America. Donno why that air’ Max do put down this’n hair cuntry. It’s still Number One.
@g7enn …. “The obvious question is: Who is buying all of these bonds?”
The UK .. you will find.
Imagine all possible reactions being accounted for,…
If you imagine all possible reactions being accounted for your imagination is just become said reaction. And you forget about chaos, Dedo. Chaos nestles up against nature and tickles.
@ Youri
well I remind you that minister of finance is making the demand from repaying. Not wellink!
LOL !
EU executive applauds Greek austerity
…Monetary Affairs Commissioner Olli Rehn said Greece’s progress fighting its financial crisis is “impressive.”..
http://www.businessweek.com/ap/financialnews/D9HMKB1G0.htm
when is “peak” usage going to peak? …not yet, methinks!
no…I don’t agree that America peaked in 1969. maybe 1959 or 1989 as two alternate dates.
The end of the empire can only be a good thing for the American People.
The greedy ones have been found out and are fleeing to China and India.
It’ll be a painful transition back to something that might only have ever existed in ideas but its happening….
The good news is that we still have the ability to own guns, just in case.
RT : Declassified: Massive Israeli manipulation of US media exposed
http://www.youtube.com/watch?v=kureFeGmoDI&feature=sub
@Stacy
It was requested in an early post for “Kyle Bass” as guest. I want to second that request. Everyone over at zerohedge loved the guy. It would be great to get an hour out of him with Max Keiser!
It would be nice to have some of these very strong guests as “two parters” if possible. That’s 2 shows for you guys and a lot more content for us guys. What do you think?
Other guests (all strongly in the inflation camp):
Marc Faber is still strongly in the inflation camp. Will he come on?
Any possibility for Paul Craig Roberts or is he signed onto Infowars only.
And…reach out to Niall Ferguson. I really doubt he is a neo-con, unless he is a closet one. I have never heard him speak any personal interest on such topics. His area of expertise is “empires.” But he is a historian and as such, he looks at all empires. The guy does his homework.
@Mother Earth and MirrorMirro,
Re Intel and McAfee:
http://www.thestreet.com/story/10840223/1/intel-is-desperate-for-growth.html?cm_ven=GOOGLEN
FYI – AMD is no threat to INTC, at least not where it counts, which is in the enterprise server space. INTC’s real threat is MSFT (believe it or not). Both companies have been making moves to grow towards each other (just last year, MSFT hired a premier CPU engineer out of Sun) so that they can better compete for margin.
The price Intel paying is definitely too high for the strategic value it brings to INTC (who will no doubt squander it because that is what INTC does to anything it buys), but layoffs of vast swaths of McAfee’s SG&A employees and the use of stupid accounting tricks will make the purchase appear like a great deal to shareholders, who will see at least $500M a year in pure profit within the first year. Time will tell if the purchase will actually help INTC compete for margin in the enterprise server space (I don’t think it will).
@Stacy,
I did not like Max’s hair today. Did you use mouse in it? It stuck up too much.
Ha ha ha – we have a aluminum smelting plant that burns precious Natural gas for its energy ! – they just do it here to benefit from a low corporate tax.
Its best to do these kind of activities where you have a huge energy surplus from hydro or indeed maybe geo thermal
@Tao Jonesing
What about ARM? They may be a bigger threat that MS.
What is Neoliberalism?
Good definition of NeoLiberalism
http://www.corpwatch.org/article.php?id=376
I’m off to get certified as an mini chicken ranch tech.
Good site to get yourself started here,
http://www.small-farm-permaculture-and-sustainable-living.com/raising_chickens.html
Find your fine foul mini’s here, (gringos)
purelypoultry.com
See ya at the ho down
What is Neoliberalism? Gordo
The key ingredient that is missing from neo-liberalism is liberty in money creation, acceptance and usage. Milton Friedman believed in “Freedom to Choose” but apparently did not think that freedom should apply to choices in the money supply. So sadly, he turned out to be a tool of the bankers.
http://www.cnbc.com/id/15840232?video=1568273859&play=1
Kyle Bass
@ F. Beard
I just think that this is bigger than the bankers, they are a symptom.
The problem is a mind set, world wide neo-liberalism.
As much as various parties around the world claim to be social democrats, liberals, what not where ever they all group think into neo-liberal polices.
Take the Australian’s all parties are trying to prove who will be the first to bring gov into surplus. Same in the UK election, everyone fighting to be the most fiscally sustainable. Every party around the world telling the people, we will start exporting (Obama the latest). Cannot work simultaneously for all nations.
So instead of rejecting 25 years of failure we get all these parties clinging to neo-liberalism/globalization even tighter.
Like a said bankers are a symptom of the problem, a much bigger problem.
Like a said bankers are a symptom of the problem, a much bigger problem. Gordo.
I disagree. Most of our problems can be traced backed to government backed fractional reserve banking. The world is now of, by and for bankers. Neo-liberalism is just a philosophy to maximize the amount of wealth the bankers can skim. They desire a totally free market in everything EXCEPT money (credit) creation so as to keep themselves in the loop and at the top.
@Gordo,
ARM-based processors are only a threat to INTC in mobile, where ARM is the incumbent and INTC is the relative newcomer (after having once divested itself of its StrongARM mobile processor line). Because of a license, I don’t think ARM’s IP is an issue for INTC, and they could be competitive in cost and performance of ARM-compatible mobile processors (INTC is TSMC’s number one customer, which should yield price preference). INTC’s real problem is that none of the mobile OEMs want to let INTC become an 800-lb gorilla in mobile, where there is a lot of price/margin sensitivity. The OEMs will just play INTC off of the other ARM-based guys to get better pricing. Still, the mobile area will be INTC’s growth engine.
@Gordo
bankers as symptom: i like that and as such that is the one great flaw to this site, not giving enough recognition for these other elements. otherwise, we get all worked up over what is “derivative.”
personally, i feel politicians are more singularly at fault because they write the laws and allocate the treasury. if it wasn’t for the politicians (and their lack of leadership or lack of representation), these banks would have failed.
(however the politicians i suspect may even be derivative to higher forms of philosophy, mathematics and other systems encoded in how power manifests itself — without getting too weird).
@F. Beard,
The Chicago School of Ponzinomics was created and employed to claw back what the rentiers lost due to post-Great Depression reforms.
The Austrian School of Rentieronomics (100% reserve banking plus the gold standard) will be employed to preserve those gains and render national sovereignty moot. In neoliberalism. all roads lead to serfdom. That’s the scam of neoliberalism, and all of its founders, not just Friedman, were in on it.
Fractional reserve lending is really only a problem when it is extended to pure financial speculators, which leads to asset bubbles and inflation. We could achieve most if not all of what you’d like to see by going to 100% reserve lending only for speculative finance and maintaining fractional reserve lending for investments in real production and consumption (e.g., houses that you live in, not flip).
@Tao Jonesing
And you are/were some kind of wall street analyst?
I would love to see more analysis on this idea of “symptom/cause” not only in how we got here and what perpetuates our path…but also I am constantly looking for “tipping points” or events that when triggered engender meaningful system-like effects throughout our interconnected economic-financial-social structure. Of course, some of this is indiscernible but there are these conspicuous events: Interest on debt crowding out other forms of government expenditure being a notable one. My main interest is: I want to nail down “key factors” that change the game, going forward. Any ideas?
The Austrian School of Rentieronomics (100% reserve banking plus the gold standard) will be employed to preserve those gains and render national sovereignty moot. Tao Jonesing
Bingo! And the ultimate thing they rent is money-from-thin-air which the government could create for free, essentially.
We could achieve most if not all of what you’d like to see by going to 100% reserve lending only for speculative finance and maintaining fractional reserve lending for investments in real production and consumption (e.g., houses that you live in, not flip). Tao Jonesing
Close but no cigar.
What I advocate is liberty in private money creation
with no government privilege for any money EXCEPT government money which would be legal tender for government debts ONLY.
Anyone catch this today?
http://www.youtube.com/watch?v=kureFeGmoDI&feature=player_embedded
@Stacy
Excellent! Perfect!
This has to be understood as a center point:
* This IS word war 3
* This IS an economic war
* China does want to be #1
* We lost ALL by tying ourselves to that wretched 8th round of GATT
It is all history and why we need a “Niall Ferguson” on the show…to debate the “economic war” and the proclivities and instincts of the Chinese.
If not Niall Ferguson – or – in addition to Ferguson, how about some Chinese experts…so that we can learn how they have not forgotten about the Opium Wars and they are eventually going to kick our assess [western world]…if it takes another 50 years. (Of course, they are kicking our asses today!)
@Stacy
You’re right: Looking at America cities…it is ghastly! Look at Asia: They have these shiny, glimmering cities. “Shining cities on a hill.” How are we the “richest country?” It is another facade that Americans have bought into…it is the addendum to the “bubbles,” the libretto to our swan song, “We once had it all and then we literally traded it all away for ‘Made in China.’”
Soon we will have to change the text as the context changes…and American’s wages, the bottom 95% race to the bottom to reach parity with the Chinese worker over the next 10 years. It’s going to look like a train wreck!
@Stacy
Right again! All of the wealth is accrued to the top in China: The extraordinary savings rates are attributable to that top income group. It is like America: where here, 93% of all assets (not income) are owned by the top 10%.
But the Chinese bottom 95% will grow at the expense of the world’s developed economies until “parity.” That will be the big theme for the next 10 years. It ain’t going to stop until the developing world and the developed world’s wages reach some level of parity. Hence, we destroyed our developed society: All the hard work that we put into developing our economies, we sold fast and cheap. Now the bottom 99% will have to pay up.
It is all related to the disassociated identities of the elites and the “average man” as the elites seek to extend their reach globally and the average person desires comfort and understanding locally.
@Stacy
re “Collapsing empires”
You guys should consider Ferguson — that topic and China and Money are his specialties!
@in the end,
“And you are/were some kind of wall street analyst?”
Nope. Wall Street analysts are typically a couple years out of business school and usually don’t know much about the companies they cover. (At least, that was my impression when speaking to them.)
I just happen to know a lot about Intel specifically and the tech industry in general, and I spent a few years as an executive of a public company where I learned a lot about firm valuation, revenue forecasting and accounting rules as they apply to acquisitions (among other things).
When a public company acquires another public copmany, I go to the balance sheets of the companies involved and try to reverse engineer the ROI analysis. There’s an inherent efficiency in these kinds of deals because you can shed a lot of cost by dumping some or all of the management of the acquired company along with most or all of the people employed to ensure SOX compliance, etc. There’s also a chance to consolidate the sales and marketing teams. McAfee seems very bloated in SG&A (sales, general and administrative), and Intel will be able to get better pricing from its vendors because it is Intel. Even if Intel does nothing other than keep McAfee’s business as is (which I seriously doubt), Intel should be able to run that business at a substantially higher operating margin. As somebody else said, though, I think Intel will embed McAfee technology in some of its products (most likely PC chipsets and mobile processors). We’ll see.
@Frances,…I don’t know about you,..but I’ve been reading these comments for a couple of years now,…and I’d say they’re quite predictable
Nothing new under the sun,…..tum de dum,…..; )
@Tao Jonesing
I always appreciate your responses and I appreciate this one as well. Thanks for being thoughtful and by being thoughtful, you are being complete.
Now, how do I contact you as I have some things that I might be working on that might be of a curiosity or of an interest or of relevance in a practical manner. Consider how you might be able to do that: I would like some idea. You can reach me at qncsc at yahoo.com
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/8/19_Ben_Davies_-_Potential_Explosion_In_Silver.html
Adrian Douglas says that its not being reclaimed as it is/was in photography processing. But going into land fill sites.
The question is: if JP Morgan/HSBC have stopped the shafting who else is doing it ?
Another use for silver was the daguerreotype – the first commercial photograph – Paris 1839 A highly polished copper plate with cold rolled silver – later silver plated, exposed to the vapours of iodine creating silver iodide – light sensitive and then bromide – more light sensitive (excelerator) exposed in the camera and developed with mercury vapour, fixed with hypo and gilded with gold chloride – beautiful and dangerous. The resolution of a daguerreotype is not surpassed.
Hope Ben is on the money cus I got a load of silver.
Unverse will expand forever
Oops; There goes Hindu cosmology (the oscillating universe model).
Yea Science!
Now if only Mt. Olympus could be scaled ….
Oh you doom and gloomers, cheer up. If only the US would practice genuine capitalism then we would attract genuine capital. But if we insist on a system of, by and for bankers then we have no competitive advantage.
But if we insist on fascism then what does it matter anyway?
@In the End – we’re going to get Song Hongbing on the show: http://en.wikipedia.org/wiki/Currency_Wars
He said last spring anyway that he would do the show in September; hopefully that’s still true. He used to work for Fannie Mae and now he’s back in China and has some interesting things to say.
I’m looking forward to that interview with Hong Songbird. While China reverts back to a primitive silver or gold backed currency, the US could adopt liberty in money creation and steal a march on the world and China.
@Stacy,
Looks like Song Hongbing has read “Confessions of an Economic Hitman.”
I watched an interview of John Perkins the other day, and one of the things that struck me is that what he did in South America is now being done by the banks in the U.S. against municipalities and pension funds. I don’t know how else to explain the type of behavior that Matt Taibbi documents here:
http://www.rollingstone.com/politics/news/12697/64833?RS_show_page=0
The U.S. banks don’t just prey on “foreigners” any more.
The U.S. banks don’t just prey on “foreigners” any more. Tao Jonesing
The banks have always treated others as foreigners according to this:
Deuteronomy 23:19-20
It’s too bad we refuse to defeat them with alternatives to loaning at interest.
@Beard – well, let’s see if he actually agrees to the interview; I will keep you posted
@Tao – we interviewed John Perkins and asked him whether the Latin American model was being applied to the US: http://www.youtube.com/watch?v=MPjMUg9bt_I
It am the AM;
it came without warning,
so to Stacy i say,
Good day and Good morning!
Well, dedeeo, when life deals you a bum-hand, don’t forget the ‘trump card’:
http://www.huffingtonpost.com/2010/08/19/trump-usa-donalds-most-pr_n_687873.html#s128219
@Stacy,
Thanks!
@f’kn beardsley:
Why don’t you ever quote from the Kuran?
100!
Why don’t you ever quote from the Kuran? Francis Snoot
Because I’m not a Muslim. Conflicting belief systems cannot all be right though logically they could all be wrong. I am quite satisfied with the Hebrew Scriptures. For years, I was ascairt of them (just ask Cleetus) because I thought they might reveal a God I could not worship with intellectual honesty but I have been pleasantly surprised. Too bad more Christians don’t read them.
Did i hear you right Max and Stacey? Did you say USA in Afghanistan will restrict Chinas access to Afghanistans natural resources?
Arn’t China’s Mining Companies been given contracts to mine Afghanistans resources? Hasnt a new rail structure been built in Afghanistan to reopen up the “Silk Road” to ship those resources to western China and Tajikistan
for processing? Nice cheap labour in those areas, neocons fighting for american labour? Silk road opens up nice oil routes for china also. Hasnt Chinas oil companies been given contracts in Iraq?
I see american blood being spilled for china to get afghan resources to keep them floating american debt. Sorry i also mean european blood and european debt. Lets just call it blood for fiat ponzi
Think theres a level of intrigue here that you dont see. Or perhaphs it doesnt fit into your anti american diatribe?
One of the reasons that solar power technology is being repressed in the west and windmills promoted is solar power requires the rare earth materials that China has a near monopoly of.
Solar power is not being repressed; it is just not economically viable yet. One day, yes, since nature does it with 98%+ efficiency. As for windmills, I don’t see them in nature. I think they are a bogus, foolish waste of resources as some European countries have learned.
@Max. you make a shitty elvis. get rid of the brillcreme
hope Snoots OK.
is this old or new testament tonight?
Prince Chuck says no floaty in the tub for Brits
is this old or new testament tonight? ronron
I remember a Gene Autry episode where a Pony Express rider had lost his nerve (bad men drove him to it). Gene told him to open his Bible to any page: The rider did so and Gene took the Book from him and read:
He will cover you with His pinions,
And under His wings you may seek refuge;
His faithfulness is a shield and bulwark.
You will not be afraid of the terror by night,
Or of the arrow that flies by day; … Psalm 91:4-6 (New American Standard Bible)
From then on I had a new appreciation of Gene Autry.
@ronron / hair gel
I was gonna post this earlier today but thought better of it. Kept it for the graveyard shift.
http://www.youtube.com/watch?v=8X9n42v-OUk
Chinese might be doing to the USA what the USA did to Russia:
Cause the USA to spend itself dead!
The USA is 2nd only to Mexico in Poverty & Illiteracy among industrialized nations!
Unfunded SS & Medicare debt = 102 Trillion
Plundered from other Fed Trusts = 57 – 67 Trillion (see hodges report)
Owed private bankers who print money = 25 Trillion
GAO est of FED Gov costs for next 9 years = 45 Trillion
Outstanding counterfeit Derivatives = 1.5 Quadrillion
Longest period of time USA has gone without bombing someone: 2 years
The US Deep Government created the heroin epidemic of the 70s by funding covert operations in SE Asia; the coke & LA crack epidemic of the 80s; and now a new heroin epidemic stemming from Afghanistan
And now America, after having invented, paid & supported Bin Laden to wreck havoc on Afghanistan – America the strongest nation in the world, to add insult to injury – inflicts more misery on the poorest nation of the world! A nation of people who mostly don’t even know where America is on a map!
How many heinous things has American Deep Government inflicted upon the world; upon Peru, Ecuador, Panama, Chili, Guatemala, Brazil, Argentina, Nicaragua, Haiti, etc. etc. etc? And what of America’s economic hitmen upon Darfur, Rwanda, and other impoverished nations? Who will pay for this vast sum of nefarious karma?
What was it JFK was talking about when he asked the American people to help him fight the “secrete societies within the American deep government”?
Go back asleep America – You have the government you deserve!
Loved the show guys !
But i think Harvard dropped the Israeli shares because Israel joined the OECD and those shares where in emerging markets.
Max makes a pretty good point. If Americans began to stand up en masse, there would be much worldwide support.