Stacy Summary: Interview with J.S. Kim. Original airdate: 03 September 2010.
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Most recent: 
The bankers have employed the same play for centuries
Here is how it works
First they flood the market with easy money (which resulted in over building the real estate market); then they retract the money supply, (which was done this time via the rules of TARP & Basel II, etc).
When the money supply is retracted, corporations cannot fund their manufacturing. Thus, they have to lay off
Once everyone is in bankruptcy, (with 20 million vacant homes), these same bankers come in and swoop up all the assets for pennies on the dollar!
Regarding Debt:
The Collectors Assc of America decades ago gave stats proving that when debt goes uncollected for a period greater than 180 days, the probability of actually collecting it diminishes to around 8%!
The debt the banks keep passing back and forth is worthless!
AIG awarded $500 million in bonuses to its executives after accepting a $173 billion government bailout
After the Tax Payer bailed out Merrill Lynch, they turned around and gave their executives 3.6 billion in Christmas Bonuses!
UBS bank was fined 700 million for tax evasion; then Congress gives them 5 billion free tax payer dollars
The Government is a growing Tumor & the illegal privately owned FED Reserve is its blood supply!
Goldman Sachs made a killing off AIGs collapse!
This is a comment about your Sept. 7/10 program, but could apply to several of your recent editions. Love your show, Max and Stacy, but I feel at times that you could provide more supportive facts for your assertions about U.S. and World economic suicide. I say this because there have been recent times when you speak of bad times ahead, yet Wall Street booms yet again. Help me understand this rather crazy state of affairs. Is Wall Street in Fantasy Land, what? Thanks for your good stuff. Wouldn’t miss it.
@Snoot
Any agreement on love effaces its unspoken divinity.
Excellent points in your posts. I still, with respect, disagree.
A splendid day to all!
“Quantity is not lingual in itself.”
Quantity becomes lingual within the context of language when used as a normative clause. It is “normal” to believe that 1 + 1 always 2. It is absolutely essential to nominal exclusion to adhere to this belief. But quantity perceives nothing: it is merely a useful tool.
http://en.wikipedia.org/wiki/Spontaneous_generation
(ahhh, then there would be the one-lumpers and the two-lumpers fighting over the fence…..)
Soooo, choice is out. Obedience is in. Words are bad as long as they are good. Poor writing is paid for and accountability is never anyone’s problem except for those on the bottom of the dogpile who gasp and moan and say:
I don’t like tea.
“Deconstructionism(Textual Nominalism) is the ideal “Free Market” model of truth. It implies truth is a choice in narratives just like one chooses brand a or brand b of soap. It sets up language as the market where these “truths” are vended. It is just another reductive nominalism which cluelessly serves as a narrative for the limitations of its time. Its attempts at ethics are laughably further limited to playful critiques of texts.”
Abstractions are a result of objectified imaginary subjective discourse. To what do you refer as textual nominalism?
I’m sure we would never agree on the term “love”. Perhaps, though you refer here to the idea that theirs should be a monopoly on the commodity ‘truth’, equating barter and securitization of truth as ‘the devil’s construct’.
Is it out of fashion to point out the obvious: that truth is a construct of language motivated by men’s drive for power? Can we package truth in little flow-bags and put them in hot water for tea? We could all drink it and then the world would “be as one” (not like some horrid babel-tower-overdrive to which you referred) and some wouldn’t find it necessary to continue lying to ensure the dominion of the few over the many. Life would be tidy then, right?
One lump or two?
Bel-Ami:
“Truth” is reliant on the ultimate fence: the butter-side-up-down-construct-thrust-forth-hence. And if you can tolerate war, guts, and glory: perhaps you can posit the end of the story. For shame men deliver a narrative vice: they snick-and-persnicker in wretched device. The forces maintain an ensign flown high: but women and children and small animals die.
So think quite quick thickly and think long and true. Before allowing the butter-up-down crowd at you. For they posit you thickly with glueity-glue, on one side or other of fences construed
with veritable imagined and strained thick green soup. And bits of boloney all done up with gook.
Before you can snap your fingers in fun, you’re wearing a uniform, toting a gun! Your land is rampaged by the greediest crows: and little lost memories tossed with the hoes.
And hunger becomes the reticent feast of the butter-up-down-following-song-singing-beast. Your bowels grow as cold as the gray clouds of winter: for want you have nothing but thinner and thinner
the story of butter-up-down lost the plot. But suffering: well suffering, it really has not.
“Language and truth value would be a battle of tales.”
http://www.youtube.com/watch?v=z71Czfh8w3o
@Knowbuddha
Enjoyed the response and what the Buddhist gent wrote. Thanks for sharing.
His sentiments are courageous and refreshing. Ethical concern is an Orphan of our times.
@Snoot
Enjoyed your response and, above, thundered(please laugh) against it.
Just happy my lengthy hosannas are tolerated. Plus I always savor an intelligent and well wrought argument.
Some loose thoughts to all:
An honest Atheist is a Quietist.
I am an agnostic. (cf. Spinoza, “Ethics”)
If I appear too kind blame it on the wine…….
in vino venia
lascia le donne e studia la matematicas
I used Math to make the point that nominal systems refer to things and events outside of themselves. Quantity is not lingual in itself. It is a relation to objects experienced. Language is a system of relation. It does not make the Earth rotate upon its axis, but it can describe it. It is not a closed system relying upon narratives folding in or over themselves. Nor is it the interaction of narratives. If that were so each truth made would be like a boundary marker on a narrow road. The multiplicity of languages and the vagaries of history are not simply a matter of words as narratives. They are also the concrete experiences of people. Language itself is material. Whether in shared signs(print or script) or resonance, it is a material phenomenon. The root of language is man using signs or resonance to explain or share the world. Man can choose to be untruthful in this relation. If language makes truth you totally spirit away the moment of decision and make the agency an agent. It is not surprising that some would espouse a theory which totally erases the Ethical, as if that wasn’t a factor in human relation, and state it’s just a matter of narratives. In such a theory there would be no untruth just many truths. Truth and language as a narrative is a positivist trope bestowing heuristic unfolding to words themselves. Again, this is a mysticism which wishes to attribute to itself the very same a priori and a posteriori presuppositions it heartily disclaims. Here we see the greatest post festum apologia for all deceivers. The defense is a metaphysics of language usurping ontology.
Again, more clearly, the root of language is a human being. Language is not the root of itself. It is an agency human beings use to share with themselves and others a relation to the world. Though each word is a nomination one can’t further state that language cannot describe or posit truths beyond itself or even, in analysis, about itself. You yourself nominate the truth of language as a “narrative”. With such a belief every narrative would have equal access to truth. A Tower of Babel would ensue. Language and truth value would be a battle of tales. Not all narratives are created equal vis a vis a veritable relation to the world. In relating to the world humans adapt themselves. It is not some whimsical choice. In this case democratizing language through, again a reductive textual empiricism, nominalism debases the value of truth like a Mint reducing the amount of silver or gold in its coin. Ethics become fashion and truths become rhetoric.
Truth is not novel. Narratives are human memorials. Language is a gravemarker for truth if it is narrative. Everything would be meaningless outside of narratives. This belief is bookbound and incredibly wedded to a Torah like view that language is a dialogue with God throughout time. This theological and literary view of language is totally divorced from the majority of human experience with language. Relating experiences, feelings and ideals which have nothing to do with any “narrative”. Like describing a gas pain to a friend. Quotidian details which never reach for narrative or truth status. Asking a friend how they are doing out of concern. These are things we label ethical. Language, if it has any worth, should concern itself with sharing such experiences with others. It is not a game or some tidy narrative. It is quite messy and human, all too human.
Language and truth as narratives mirrors the Free Market battle of choices and interests. Deconstructionism(Textual Nominalism) is the ideal “Free Market” model of truth. It implies truth is a choice in narratives just like one chooses brand a or brand b of soap. It sets up language as the market where these “truths” are vended. It is just another reductive nominalism which cluelessly serves as a narrative for the limitations of its time. Its attempts at ethics are laughably further limited to playful critiques of texts.
“I make a poor yardstick”
“All the nominal scale does is name or classify. Each number merely represents a category or individual. For example, numbers on baseball or football uniforms are only nominal. Having the number “1″ on your uniform does not necessarily mean you are “numero uno” (the best) in your sport. Social security numbers are also nominal. All they do is name or classify the individual.”
http://virgil.azwestern.edu/~dag/lol/TwoPlusTwo.html
@nobuddah, WTF are you talking about? your so scattered i can’t even read you. a little less finger pointing and a little more watching things work, or maybe i’m just high
Hi Max, great point at the end there about some model of money that would include labor maybe and any other physical constants that show at least a little reliability.
OT haven’t seen much about the squid lately. I miss my whales. kinda sick right now
OK, so maybe it’s the plethora of links. Let’s try again.
@Max Keiser
Verbal inflation, thy name is Max Keiser. Obama is not “deferring” to the UN.
You have such a keen mind and eye for detail, WTF is up with that? On what are you basing this claim, every bit as specious and easily debunked by a simple Web search (I use Ask.com),as it is incendiary to your lunatic fringe? Is this an example of you talking your book?
Gov. Brewer condemns SB 1070 reference in fed’s human rights report, by Ginger Rough, azcentral.com, August 27, 2010.
Gov. Brewer is demanding that Obama observe the strict dichotomy, as specified in the long-standing court battle of US v. The World by removing the reference from the report. How does that equal the Obama admin, despicable in so many ways as it is, “deferring” to the UN/Rothschild/NWO conspiracy?
This is not to say Hamiltonian machinations haven’t unduly shaped our political economics. Of course they have. The game of power politics is thoroughly rigged. I’m saying, as one who has studied it since the mid 80s, that peculiar wingnut version of that particular narrative has a long and sordid history so well known for inciting random acts of violence I’m not going to waste more space on it.
@frances snoot
OK, kind of you to reply so quickly.
For the sake of argument, my friend, allow me to ask: What is this “I” of which you speak? Does it exist apart from, a priori to, the yardsticks you make? Is a menu a meal? Is a dollar bill real wealth? Or do you and the yardstick come into being together?
IMO, it’s all about the raw kinetic power to manipulate our shared narrative, facts be damned, and the horrifying effects that neglect has on our experience of being in the world today, right now. Making malicious use of the power of myths and narratives, in my opinion, is the root cause of much of our suffering.
Or, more poetically, we are organic selves who cellf-imprison our natural-born selves in cellves of our own mistaken making. Rearranging the prison cells and their occupants only leads to the need for more rearranging. What we need is liberation from the idea of cellf-imprisonment as the way human beings are naturally found in the world.
Damn, I finally get into a decent conversation, and, depending on whether I see this or not, my ability to post seems to have stopped working.
knowbuddhau:
I make a poor yardstick.
http://virgil.azwestern.edu/~dag/lol/TwoPlusTwo.html
@frances snoot
Sez you.
@Bel-Ami
Whoa, good friend, you just blew my mind. I bow in your virtual direction (Coriolis correction requested). That’s almost exactly what I’m saying.
Your comment reminds me of the work of my favorite living Buddhist philosopher, Peter Hershock, of the East-West Center in Honolulu.
I think you’ll like this extract from his 1999 article in the online Journal of Buddhist Ethics, Changing the Way Society Changes: transposing social activism into a dramatic key.
Ma! He do still be thair!
Steller, what-air-y’all-goin’ on ’bout?
CLEETUS! He do still be a’sittin’ in that canoe! He’s full of wet with the rain. I done took his some grits and eggs, but he ain’t ‘et nuthang since past mornin’!
Ain’t he done no work today?
No’m. He’z a’sayin’ his mind done led him to that canoe, and he’z a mind to stay put. He’z a’sayin’ that I don’t know nuthang ’bout CO-two, and I ain’t got the re-spect of a grasshopper!
Wahl, he’z sure to cum-on-home soon.
Why, Ma! I don’t think he’z ever gonna fix to get out of that canoe! He’s a’sayin’ he done got the faith.
He be sayin’ a might less, Steller, oncet his stomach do the tawlkin’. Don’t take him no more food and watch-it.
Y’all think so?
Sure e’nuff. His stomach gonna make sum wurds that’ll drown out that way he’z picked of thinkin’, and that be the truth. And he’z gonna skeedaddle on up hair like a wet coon dawg a’lickin’ his paws.
Ain’t he gonna die in that air canoe, Ma?
Nope. Y’all set down to eat Steller and let nature do her way.
@Bel-Ami:
Thank you for such a thoughtful and provocative reply! I truly enjoyed reading what you wrote.
“No amount of language can make 1 +1 not 2.”
But here you show your thesis is reliant upon nominal definitives to survive: you deed sufferance to the construct upon which you rely to further a denial of that very sufferance!
I + 1 always 2 is a form of nominal regression where the answer is relayed regarding what 1 + 1 always 2 is NOT. As such, this phraseology fails you at the heart of your lucid reply.
All language construct is based on an originary narrative. Your venture to math to solve the riddle of why language is ridden with inconsistency fails to provoke anything but more riddles.
And riddles are the seductive base for all desire. I don’t ask for the answer to riddles: I only ask that riddles, and the art of seduction wrapped within words, not be meted to one authority is the interest of ‘science’ or ‘law’ or ‘nature’.
Because beauty is truly relevant only to the eye of the beholder.
Truth carried as an ensign I discover bleeds the blood of the poor and castrates the imagination of truth. Truth maintained as surety is never sure.
“Truth” folds; it dissolves; it opens itself to the planet like the blades of grass to the sun: weary of age it transforms its desire in death.
@Snoot
If the “forest of truth” is made by man we are back to Medieval Nominalism and Old Testament Edenic Dispensation in “naming”. Plato has shown that nominalism is a fiat type theory of knowledge wherein naming creates all truth value leading to empirical reduction and sense value ontologies. This is the reason most humans believed the Earth was flat for so many years. Did the realization the Earth was a sphere and not the center of the Universe, or of our Solar System, fundamentally change the Universe. It changed our ideas about it. But day to day we still walk a flat Earth knowing it’s a sphere. As if the Universe would collapse because Man wouldn’t be around to NAME it or devise laws for it. Herein lies the God building of Nominalism. A comical fetishization of language towards the Cosmos. This also goes back to Protagoras stating “man is the measure of all things”. This puts the cart before the horse. Rather, “measure is the man of all things”. If the spoken word precedes the res extensum then speech could destroy galaxies and the entire universe. It is in an incantatory Old Testament Genesis fideism valorizing language as the Creator and Destroyer through fiat. Do other creatures believe the entire universe relies upon their sensory appreciation of it, or their use of communication? Here we are reminded of the old saw, “If a tree fell in a forest without anyone to hear it would it make a sound?” Yes, it would. Sound waves are a physical phenomena which exist outside of a creatures ability to experience it.
Ironically Nominalism does without a prioricity by granting a priori sanctions to words. It is a Mysticism which claims it’s above such failings in its own terms.
Someday humans will be extinct. Will the Stars’ light be snuffed out because no human eye can experience it? Anthropomorphic elation in langauge is translated over the entire Universe. People get carried away by the spell of words and think they create something essential. In history humans record the death and becoming of language. Language is a human relation with the world. Past languages had different grammars which embedded different beliefs about time. With Wittgenstein it is ethical to state that beyond this nothing more can be said. Does it “make truth”? Propaganda sure does. History has shown language labors but never reaches the Godhead it desires in naming. No amount of language can make 1 +1 not 2. If language, a relation, makes truth there’d be no truth at all but the relation, not itself. A system can never be a proof of itself. And lanuage can easily be made to collapse upon itself in the simplest way.”This sentence is false.” Can a statement be true by stating it is false?
Another point, if the truth is made by man how could agreement thoughout the accident of space and time be possible? How could two people who never met ever come to understand one another? Are you implying every human makes the truth similarly? That there is unified system of experiencing the world? Are you a formalist propped up by pre-supposing the analytic and synthetic a prioris of Kant?
Man makes many things, as do other animals. Tools, systems of communications, etc. Do they make truth or relate to it?
If truth is made it is inessential and never will be true. If it is a relation it is a choice to move towards or away from truth. Herein lies the ethical dimension. Anything can be made–Peace, war, and justifying words always follow. But in relation we must accept or refuse to accept what is.
The History of Man is a battle between accepting or refusing to accept what is true through attempts in making our own, self-serving, truths. Self interest has led to more deforestation and less truth.
@ stephan T.
certainly.
@Tao Jonesing
You mention you want to criminalize fractional reserve lending to speculators. Perhaps “make illegal” is more appropriate than criminalize, as this is more of a civil offense not a criminal one.
How would this work?
One person’s investment is another’s speculation. Where is the bright line between the two?
Right now, for those of us your are typical investors, our “speculation” is limited by margin requirements — moderately high interest rate loan based on a risk adjusted value of the underlying portfolio.
For institutional investors, investment and speculation need to cover:
1. access to the discount window for vast sums of money at low rates
2. amplifying this money via margin by borrowing from banks
3. to purchase riskier financial products such as derivatives
If we were to reinstate Glass Stegal in full and increase margin requirements (I think Max has mentioned this many times) or stop lending from banks to hedge funds, we reduce some of the speculation in the marketplace.
With this, hedge funds, for instance, could only invest money that has been invested with them. But they still have access to risky financial products within a fiat fractional reserve system. Was the failure of Long Term Capital based on unknowningly investing in high correlated investments that all failed together or amplifying this error with fractional reserve lending? Or both?
Perhaps the breadth of financial products needs to be narrowed as well?
What do you propose?
@skiddypants
This is Newt Gingrich explaining how it’s “Sharia out to destroy the world” when the blame should be put solely put on the banksters: http://www.youtube.com/watch?v=r3Ylj5yRXEE&feature=player_embedded
The toxic establishment in the US will stop at nothing to protect their financial enslavement….
@ Gordo
In general, I agree with you about China and a fiat money system. Why would a totalitarian system give up control of their money system to the people and, moreover, to the world markets via honest money.
China has developed quickly in the past few decades by exploiting their poor in factories producing goods for export. They can then sell these goods cheaply abroad by undervaluing their currency. A gold backed money system would undermine both.
On the other hand, the Chinese Communists have encouraged their citizens by buy gold and silver and strike for better wages. How do these situations reconcile with fiat money in a totalitarian system? The private holding of real wealth in gold and silver works against an authoritarian government.
The situation reminds me of Hitler (another authoritarian) and development of the Third Reich. Hitler said he was going to build an empire without gold. He built a fragile ponzi scheme to kickstart the German economy out of the Great Depression.
@ Jayme
“The real question is, which has caused greater problems to the planet and mankind; Fiat or a commodity backed currency? This is the only real question that needs to be weighed.” – Sir David Rottentrousers”
“Fiat” meaning public and “commodity” meaning private?
‘Commodity’ (including the land) is STOLEN
‘Fiat’ (including the law) is CRIMINAL
Who still trusts governments?
Banksters are just sucking parasites – like All the other international institutions – between the roots of Big (cheap) Oil and the branches of Sovereign Constitutional Criminals, “courting people with hopes of cheaply won benefits”. (R.H. Tawney)
The spoiled have been demanded too little and offered too much.
The central economic issue of growth strategy is the mixture of cheapOil pricing and risk taking:
http://pollutico.com
Supply & demand:
Few Boom
Many Bust
http://LLP3.com
@Max,
At the 9 min mark on the first YouTube vid you mention” a clash of banking ideology’s in the works “.
This is profound.’
What firstly comes to mind is the Westerns banks conflict with Iran ( on the pretense of Iran’s Nuclear capability of weapons ) which is really a conflict between the western ( oligarchs ) banks, which issue currency with interest , against the usury free system of the Septuagints ( first five books of the Bible ) , which is loosely called Muslim ( possibly for religious inflammatory reasons for those who wish to be beguiled by the western media) .
If the masses assume that the problem is of a religious nature ( and not of a oligarchical banking interest’s nature ) then guess who will get the blame ?.
So the villain then becomes those of an” extremist religious group ” rather than the greedy banks who want total domination through interest bearing currency .
Ahh , the blame is so easilly shifted…..
Cheers
This comment is a little late but for me this was one of the Best Max! Great show, great guest and for once a bulls eye in terms of who really runs the ponzi money scheme
Exclusive: The Paulson Portfolio Post-Mortem (In Which We Learn That The Maestro Himself Is Advising J.P. On Future Gold Prices)
…
…
… Yet, in discussing the gold research expertise that backs up the fund, we read this most curious disclosure:
Lastly, and perhaps most important, from a monetary policy perspective in developing an ability to forecast the timing and future price of gold we believe we have an unparalleled team. Former Federal Reserve Chairman Alan Greenspan has been extremely helpful to us in undestanding the relationship between the monetary base, the money supply, inflation and gold prices.
This is probably the single most important take home message in this entire post. Basically, Paulson confirms implicitly that the Fed itself (via the man who got us to this woeful economic state), is advocating the purchase of gold, as he is confident that the double whammy of the monetary base and supply will lead to a surge in gold. Whether this means inflation or hyperinflation, and the final playout of the “Gold to $36,000 scenario” is uncertain. But when the world’s biggest hedge fund, and the world’s greatest economic disaster have sat down, and decided that gold is a buy here, we will certainly not step in their way. Basically the Paulson-Greenspan JV have confirmed what everyone tacitly knows: the Fed has no option but to reflate. And it will stop at nothing, even if it means the forced conversion of gold from its legacy commodity status, to a full-accepted currency. Gold bears beware.
…
…
…
http://www.zerohedge.com/article/exclusive-paulson-portfolio-post-mortem-which-we-learn-maestro-himself-advising-jp-future-go
getting Chris Hedges on one of the shows would be a real coup for you guys…you are running out of room to grow, presumably
Excellent Essay from Denninger ….
Maybe one of his best …..
Why Do You Labor?
…
…
Why should you labor when much of those fruits are literally stolen by people who then evade any legal sanction for theft and other outrageous acts – acts that you, as an ordinary citizen, could not dream of performing yourself without landing in prison for quite literally the rest of your natural life while forfeiting every penny you have.
…
…
If you elect me (or return me to office) I will do everything in my power, to the exclusion of all other issues if need be, to see to it that every one of the scams and frauds that have infested our financial system is eradicated and everyone who was involved goes straight to prison.
Not one Democrat, not one Republican, and not one of the “second-tier” parties either – including both the Libertarian and Tea Parties. None of those candidates have stated the above – yet that, my friends, is nothing more or less than a statement that the rule of law is what that candidate is running on. Simply put, none of them are, and none of them do, either before they get to Washington or after, interested in the rule of law.
…
http://market-ticker.org/akcs-www?post=166008
@Stacy
of course, form a serious POV, I think it’s not intellectually punctuating in any meaningful way…BUT, Max would LOVE this interview cos it essentially will re-enforce his (yours, too maybe) mindset…by a Pulitzer kid
http://www.tvo.org/TVO/WebObjects/TVO.woa?videoid?73201869001
@Marc,.. Great cartoons ! (you know who you’re communicating with) LOL,…
Sea insects,..yummy : )
Missed out on the fried insects in Thailand,.but going to give it a try next time I’m in town,…
http://www.youtube.com/watch?v=cddjB-k6QOk&feature=related
Lloyd Blankfien will soon be having competition.
http://www.youtube.com/watch?v=oDZkvHC2jrQ&feature=channel
The plastic frog was cool. Ate a lobster today. It was a live one. Directly in the boiling water. He didn’t like it.
Anyway lobster are just big insects with a microscopic central nervous system. A lot like the average video game player but much tastier. 
Parlez-vous Tea Bag Dedo ? Seems we do. That being said it’s funny.
The problem with the joke is that the tea baggers work for the same bunch financing the Republicans AND the Democrats. It’s indeed national socialism., screwing the many to enrich only a few by raping taxpayers and the workers,
http://www.youtube.com/watch?v=QCqQRflUWd4&feature=related
@Marc,….nice song,..but I do like these simple explanations best !
http://www.youtube.com/watch?v=TyBKz1wdK0M
: )
@Dedo
http://www.youtube.com/watch?v=19cEc_DVRrI&feature=player_embedded
It’s just beginniing. All in the past.
“The real question is, which has caused greater problems to the planet and mankind; Fiat or a commodity backed currency? This is the only real question that needs to be weighed.” – Sir David Rottentrousers
Gold backing does have more stability but gold is in such short supply. People (rich people) were able to carry around gold coins at one time as money. Historically, it had intrinsic qualities that made it desirable and “real.” And in fact it did require real labor to extract. But it is entirely impractical to use as a currency of the commons and so would have only abstract meaning to people collectively. Historically, only the rich had gold coins – most people did not. Look at the numbers.
Gold backed paper money would have very little gold backing it. The price of one ounce of gold would have to settle to the worth of one human life on the planet (unless you value some lives less than others which the current economic system does). One loaf of bread would need to be worth less than a milligram of gold. I think there is something much bigger going on in the free market world of the social commons than can be resolved by a gold standard – unless you think million dollar per ounce gold is the right place to start.
I think Marc Faber mentioned that if gold were to rise to its fair market value, it would rise to over a million dollars per ounce (more expensive than unobtainium). This actually makes sense if we consider only one ounce per person.
http://www.youtube.com/watch?v=vYwK_cNCvRM
Many would use a narrow definition of “market value.” This is something of a problem if more than a billion people are poor and getting poorer because the few resources that they happen to live on top of contain mineral resources that are subsequently claimed by others through legal acts of leveraging “emerging markets” which is really nothing more than more pretentious chicanery. This is the same kind of “market forces” American settlers used on the natives. I don’t think existing “markets” and financial and corporate systems adequately address the fact that very few people are included in what is called the “global market place” as defined by the current government, financial, and business systems. This mind doesn’t value the beauty of a forest or the gentleness of a cool breeze. This is because the western models for developing global markets has been devoid of the degrees of freedom necessary to include the foundation of life itself and only deals with “the other” as an outsider. It is very mechanistic and alienating.
Current western economic thinking believes it can dig itself out of a hole. I guess what I’m suggesting is that the entire western concept of the “market system” is f–ked up and any currency you throw at it will simply be another deceptive dispersion away from the real problem which is the entire western political, financial, and business model.
Fiat or no fiat may not be the only question to ask. The system is broken and REAL market forces are making their corrections. In the mean time, if a gold standard is implemented, the peasants wont see it as physical coins unless their country is kicking the s–t out of someone else and taking their alotment in the name of “free markets.” It certainly worked for other empires who used the gold standard. The only ones left for the globalists to kick are we the people who are producing the wealth in the first place.
enough of blowing public relations bubbles. I earned a cool $0.00 for today’s entries – ohhh yaaa.
Seán FitzPatrick
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This article is about the Irish banker. For the New Zealand rugby player, see Sean Fitzpatrick.
Seán FitzPatrick
Born June 1948 (age 62)
Nationality Irish
Known for Chairman of Anglo Irish Bank
Seán FitzPatrick (born 25 June 1948) was chairman of Anglo Irish Bank until he resigned in December 2008 amid mounting revelations over hidden loans. The scandal contributed to a collapse of the bank’s share price which in turn led to the bank’s nationalisation on 21 January 2009.
In an RTÉ Radio 1 interview on The Marian Finucane Show in October 2008, FitzPatrick denied critics’ charges that the bank had been reckless in making too many big loans to property developers as Ireland’s housing bubble grew.[1] While saying he was grateful for the state’s help, he refused to offer taxpayers an apology, saying
The cause of our problem was global, so I can’t say ‘sorry’ with any kind of sincerity
By the way hyperinflation is rarely very good for democracy.All the signs are there on both accounts. Call it want you want Dedo. Brown or red, I am color blind.
@Dedo
Soon all bloggers will be arrested or interrogated for subversive and terrorist activities. The FED is particularly annoyed by this site, Denniger site or ZeroHedge or MISH. I expect all thes type of financial news blogs to be censured or closed by your dear Nazis from Washington. Enjoy liberty while it last Dedo.
@henk
Will the coins fuck up also the naked body scanners ?
@Dedo
It’s a question of scale. We will know when Alex Jones dissapears, Or Max and Stacy. You have to be courageaous to denounce these fascists like Max did the last show. Anyways in the USA and the rest of the world enjoy freedom while it last.
I am perfectly conscious it’s presently going on. Always has by the way. But you will admit that this stuff mostly happened in South-America and third world countries like Indonesia. It will soon be the case in all of USA and probably fuckin Canada on a massive scale, We say it in fuckin Toronto. 2000 arrests of mostly innocent bystanders with nothing but slogans. No doubt about it. It’s coming real fast.
pocket full of magnets? yeah you can atrack ion with a magnet. But it doesn’t have the same features af a magnet…!!!!! Big difference.
@Marc,. RE: Pinochet
As you’re aware, all of these “experiments” are connected, and discussed in smoke filled rooms, in buildings with no windows,… : )
@Dedo
You can guess what is next in USA.
http://www.youtube.com/watch?v=Z4qXmgsU61k
@Marc,..Both concepts are put out there to confuse the idiots, while the controllers of “countries” get on with the task at hand !
Left, right, up, down,..all jumbled up for the intellectual/chattering class to feed over,…
NOTHING NEW UNDER THE SUN! : )
@Dedo
Both are the same. Not quite. Fascism was more honest. Socialism prentended doing in tthe name of ‘humanity’. They are words indeed. Empty words. I know that the difference is small. You are facing in USA national socialism, nazism. Pure and simple.
“Without failure Man is evil, disastrous, devious, chaotic and destructive. The only way to control these negatives is with a negative–FAILURE!”
What a plonker,.. here’s another fool who needs to go stand on that ole soap box of failed persuaders,…..
BTW: Davey boy,… relax!
@Dedo
The place in reality is runned by a shadow military junta. Mayve that asshole Paetreus will nominate himself dictator for life in 2012 ? It really smells Augusto Pinochet in USA. You can smell death everywhere in this country. I will never NEVER visait again USA for the rest of my life. The place has all the appearance of a ngihtmare. . And what’s dramatic is that fuckin empire is infecting all of us with their eugenist neo-nazis.
@Marc,..Socialism,..Fascism ,..both one and the same,..get over it!
Go join that Bel-barmy fella down at speakers corner,..you might at least encourage some idiot to throw coin at you,… : )
@Tao Jonesing
Fiat money is debt based on debt! This is the root of the problem not fractal reserve lending–this is just a derivative, or symptom, of debt money backed by debt.
In addition, the real root of all these problems is Man! Of course Man cannot be perfected, nor can his money, but it can be controlled and harnessed by failure. And only free markets can promise failure!
Without failure Man is evil, disastrous, devious, chaotic and destructive. The only way to control these negatives is with a negative–FAILURE!
@Dedo
The only thing missing in the USA is President for life. This country is like fuckin Indonesia.
@Dedo
It has noting to do with socialism. McCain and that bitch Palin vote the same way. Get the drift. All the gang ! All the gang ! And it’s not socialism, it’s FASCISM Dedo. FASCISM.
How about this……http://www.govtrack.us/congress/bill.xpd?bill=h111-1138
@Youri
Next step. United Satan of America bans freedom. It’s not a joke, Just wonder what the gofamn mother fuckers from ACLU and Amnesty International are doing in the USA. Fuckin human rigths asshole organizations ! These bastards are probably bought up and controlled by these bastards. You don’t have to be a lawyer to know what will be next.
@Marc Authier
I doubt if anybody can help the situation not even the ideas of Ambrose Evans-Pritchard cause fiscal austerity doesn’t seem go well together with well-oiled helicopters.
Only solution I see is the Force Majeure/Tulip Mania solution but they won’t do that.
But if total collapse and WOIII is their goal than everything is quiet succesfull.
Hitler was a socialist, and Obama is a socialist “FACT”,..go to this link:
http://democraticpeace.wordpress.com/2009/05/23/hitler-was-a-socialist/
and know the truth,. it “WILL” set you freeeeeeee
@Bel-Ami,..Get your arse down here (it’s bustling with truth tellers) ;
http://www.offtolondon.com/hyde_speak.html
and let off some steam,. ; )
you seem frustrated !
@Youri
And the ‘ Enemy Belligent Act’ is fow when ? The federal governement Nazis are really preparing for a war against the Amercan citizens.
@F. Beard
Noah, Moses, Abraham, Paul, Athanasius, Patrick, Augustine, … all lived in times much more challenging. “The end”? No, we are in the shakings. Who will stand?
Man E-mail Scamsters are keepin in tune wit current events check tis mail I got in me Spam
1890 Epps Bridge Pkwy, Athens, GA 30606
NOTIFICATION OF CREDIT FROM BANK OF AMERICA.
Attn: Beneficiary,
We have this 5th day of Sept received a payment credit instruction from the Federal Government of Nigeria to credit your account with your full Inheritance fund of US$8.5Million from the Nigerian reserve account with our bank, Bank of America
However, you shall required to provide the followings datas below:
{1}. Your Full Name and Address.:
{2}. Your Confidential Tel, Cell and Fax.
{3). Your Bank name and address.:
{4). Your A/c Name and A/c Numbers.:
(5). Your Swift Code / Routing Numbers.:
Get back to me with the below information
Your Full Name:……………….
etc etc etc Guess who sends it ???
Thanks and God bless you.
Regards,
Yours in Service,
Mr.Ben M. Bernanke
A/C officer B O A Georgia Branch.
Chairman Federal Reserve Bank New York
LOLOLOLOL
ROFL
Hic
@Youri
Obama or Palin ? These bastards are fascists. Republican Nazi or Democrat fascist. One is a brown republican and the other a red democrat. In reality it the same piece of shit. USA is really one depressing country. It’s Nazi Germany all over again. No doubt about it. USA deserves to be hated across the world. 10 years of hell followed by 10 years of pure hell.
@frances snoot
Either you are for me or agin me which is it?
Binary only. Nothing else allowed. Ca-peach
Dangerous Defeatism is taking hold among America’s economic elites by Ambrose Evans-Pritchard http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7982807/Dangerous-Defeatism-is-taking-hold-among-Americas-economic-elites.html
Goldilocks has played a trick on America. Growth is not warm enough to prevent hard-core unemployment climbing to post-war highs and sticking at levels that corrode the body politic, but not yet cold enough to overcome the fierce resistance of the Fed’s regional hawks for a fresh blast of stimulus.
The Fed has an arsenal of neutron bombs if it wants to use them, and uses them correctly. It can engage in “monetary policy a l’outrance” as Maynard Keynes propsed in his Treatise on Money in 1930, before he lost his way with the General Theory.
Blitz the market with bond purchases, but do so outside the banking system by buying from insurers, pension funds, and the public. This would gain traction on the broad M3 money instead of letting it collapse (yes, the “monetary base” has exploded, but that is a red herring), working through the classic Fisher/Friedman mechanisms of the quantity of money theory.
America drifts. It is already closer to a Japanese trap than Washington wants to admit, and may not escape from it for similar reasons of ideological paralysis.
Dr Bernanke said in November 2002 that Japan had the economic instruments to pull itself out of malaise but failed to do so. “Political deadlock” and a cacophony of views over the right policy had prevented action. He insisted that a central bank had “most definitely” not run out of ammo once rates were zero, and retained “considerable power to expand economic activity”.
Yet eight years later, the US is in such “deadlock”. Worse, Fed officials now say “the ball is in the fiscal court”, arguing that budget policy should do more to “complement” the Fed’s existing stimulus. Oh no!
This is the worst possible prescription. What is needed is fiscal austerity (slowly) before debt spirals out of control, offset by easy money or real QE for as long as it takes. This formula rescued Britain from disaster in 1931-1993, and 1992-1994.
Damn the rest of the world if they object. They have been free-loading off US demand for too long. A weaker dollar will force the mercantilists to face some hard truths. So keep those helicopters well-oiled and on standby.
“This trivial nominalism born from fear and swathed by “facts” whittles the forest of truth down to a few switches of fact.”
The forest of ‘truth’ is made by man. Trees are not foragers for meaning, but trees become beasts of burden when tagged to the term “truth” by well-meaning or non-incandescent and utterly inept writers.
Shall we blame the reader for the context of change? There is no constant within a world of diverse structure: tangent to any assertion that truth can be maintained as a constant in a constantly evolving world is the belief that man, independently, is incapable of a relevant translation.
@Serf David,
The term “malinvestment” is a scam to cover a scam. It is intentional misinformation to hide the only mechanism capable of creating the type of systemic risk that is capable of creating deflationary depressions, which is massive leverage provided by debt-financed financial speculation. Criminalize fractional reserve lending to financial speculators, and you won’t see another depression like the one we’re in now, regardless of whether you use fiat money or metal-backed money.
Unfortunately, the Austrian School’s answer is “free” banking (use of the word “free” as an adjective by a neoliberal should clue you into the fact that this form of banking provides the opposite of freedom), which would nominally require 100% reserves (no fractional reserves) and gold-backed money. That’s kind of like punishing an entire classroom of school kids because one of them mouthed off. There’s no reason to apply this kind of solution to all lending when only one type of lending is the source of all of the problems, and doing so would have major consequences, not the least of which would be the de facto creation of a single world currency that can be manipulated by speculators and foreign influences, the opposite of what folks like Alex Jones and the Birchers claim to want.
As long as “financial innovation” is allowed to persist, any attempt to regulate the money supply will fail, even “full” reserve banking under a gold standard. Financial “innovators” exist to avoid reserve requirements in order to fuel financial speculation. If you believe that regulation will always fail because financial innovators will find away around the regulation, the only solution is to criminalize financial innovation, but no economist will even broach that subject. They all try to come up with different schemes for regulating financial speculation knowing that they won’t work, and the full reserve, gold-backed money standard is just another form of civil regulation.
Seriously, if the assertion is that regulation can never work, the idea that a fixed rule (aka regulation) will be more successful than an active regulator is ludicrous on its face. Both forms of regulation can never work.
Austrian School economists are neoliberals that, like Chicago School economists, serve the rentier class (the financial speculators and corporate monopolists). The “liberty” of which neoliberal leaders speak is complete freedom of the rentiers at the expense of everybody else, regardless of what neoliberal followers such as yourself believe. For most people who assert neoliberal/libertarian rhetoric, neoliberalism is an ideology. For the founders who created that rhetoric, neoliberalism is a tactic.
HAPPY 1,000,000 POSTS PPF! WooHoo! http://forum.prisonplanet.com/index.php?topic=185756.0
Party: http://www.youtube.com/watch?v=eBShN8qT4lk
@Tao Jonesing
@Bel-Ami,
I have noticed this propaganda thing y’all are talking about.
A prime pusher of this is Clown World News.
http://kingworldnews.com/kingworldnews/King_World_News.html
Major hide out for the neo-(con/liberal/goldbug/austerian).
Hold your nose if you visit, would make for a good contemporary case study though.
@Gordo
No not I but history tell us that I am right! The countries that moved away from it recovered faster because they were allowed to print themselves fraudulently out of it! This is my point, we need failure and it is this failure that balances our planet!
So your ideal world is everyone “prospering” fraudulently along sucking the lifeblood out of the Earth bringing us all closer to destruction?
Fiat currency created “Enron accounting” not the gold standard. All these current problems we have are just derivatives of the Fiat money system. Instead basing a money system on Earth’s commodity we have based it ENTIRELY on man and his devious and manipulative nature. Now it will take Mother Earth to return us to the mean which will end quite violently and brutal unless we make it right ourselves.
This is a classic Left vs Right argument–or a bleeding heart vs “cold” heart argument. Not everyone can prosper in our world. Not every race, group, tribe, company, organization can prosper in our world. The Earth and Man are not cut out for it no matter how bad you cry yourself to sleep at night over it….
The question was posed to John, as to what the next step will be after the racketeers are removed. Perhaps, the introduction of a second currency into the market, of the same size, but clearly different looking. Both would be legal tender until a certain date. After that date, Federal Reserve notes would no longer be usable to pay taxes, the new currency would be required.
The vast wealth of the banking cartels and the military industrialists could be confiscated. I would be happy to be in charge of the reallocation of the wealth.
The U.S. could use its vast military to defend itself against an attack from the world’s creditors, to whom the U.S. government owes so many Federal Reserve credits.
Some Newspapers, Tracking Readers Online, Shift http://www.nytimes.com/2010/09/06/business/media/06track.html?ref=business
@in the end,
Thanks for the link. Most non-lawyers don’t understand how to read or interpret legislation, so it is nice to see a thoughtful and no doubt accurate analysis by a layperson. I’ve fact-checked similar claims of “socialist” legislation in the past and found them to be completely without merit (and sometimes fabricated from whole cloth). On the other hand, there were some pretty heinous pro-corporate provisions in the healthcare reform bill (ever-greening of Pharma patents, which means no new generics) and in the financial reform bill (forcing angel investors and VCs to go through the SEC and limiting participation to people with a net worth exceeding several million dollars), but that stuff never seems to get anybody up in arms.
Experts See Trouble Ahead For Developed World http://www.huffingtonpost.com/2010/09/04/experts-see-trouble-ahead_n_705734.html
Most appeared to agree on a sobering array of basic problems standing in the way of true recovery:
- Many of the growth drivers in place since the collapse of Lehman Brothers are winding up or have ended, including not only the massive stimulus spending but tax breaks, schemes such as the “cash for clunkers” program and – for some countries like Russia – high commodity prices.
- The stimulus deemed necessary to jump-start moribund economies soon causes deficits and debt, upsetting the markets enough to spur austerity – which undermines growth.
- Most of the world’s growth stems from a developing world led by China – which is so dependent on exports that it needs the West to continue to buy, and so will suffer if recovery in the rich world proves short-lived.
- Europe continues to lose competitiveness partly because of the euro, which – for all the fretting over its dip earlier this year at the height of the Greek debt crisis – remains high in purchasing price parity terms versus the U.S. dollar.
- The sector that is widely seen as the spark of the global recession – U.S. real estate – has not recovered, with house-buying flat and the mortgage market, with its related financial instruments, essentially still in ruins.
- The jobs picture is not improving and in parts of the developed world – such as Spain, with some 20% unemployment – it is disastrous.
“The U.S. has to create 150,000 every month in the private sector just to stabilize the rate and prevent it from rising,” he said. “We’d have to create 300,000 jobs every month for the next three years just to bring back the level of employment to before this recession started,” Roubini said.
Harvard University historian Niall Ferguson noted that since 2001 the United States has seen its debt-to-GDP ratio double to 66 percent and that it may well be headed toward the danger zone of 100 percent. “This is a completely unsustainable fiscal policy,” said Ferguson. “Pretty soon the U.S. will be spending more on debt service than national security. … That’s a tipping point for any global power.”
“Greece will not make it,” said Sinn. He said the world can either subsidize Athens indefinitely, force a degree of austerity that actually risks “civil war,” or – in what he suggested was the least bad option – encourage Greece to restore its drachma currency despite the domestic banking collapse that could well result.
Sinn noted that bond spreads – the difference between the cost of borrowing for troubled countries such as Greece and solid ones such as Germany – have swiftly returned to the startling levels that preceded the Greek bailout in May.
In perhaps an illustration of that psychology, several hundred business leaders at the forum were asked for their projections on their own companies’ prospects. Voting electronically, some 70 percent predicted a rise in turnover by the end of 2010 and almost half predicted a rise in their firms’ investment.
But less than a third saw a chance for new hiring; almost half saw no change – and about a quarter predicted even more reductions.
@Bel-Ami,
Thanks for the informative response. For a long time I’ve felt that language morphs naturally over time, particularly politically-charged language that was developed in response to a crisis or debate that is no longer fully remembered. Lately, I’ve become increasingly convinced that a lot of language is intentionally distorted/perverted to trigger emotional responses, which is why I’ve been reading people like Bernays and Lippmann to understand propaganda. It’s helpful to have some leads on where to find an objective theoretical discussion of the practice in the social sciences.
Thanks.
“Of course the answer is Fiat! The booms and busts have been greater and more frequent with Fiat–not to mention the malinvestment–Fiat IS a malinvestment unto its self!”
Oh because you say so it must be so. Right.
No It was essentially the gold standard that made the GD great. the countries that moved off away from gold quicker recovered quicker. the real problem is the unwillingness of governments (NOW) to rein in corporate and the rich criminality and influence . FDR eventually did reel them in to some degree. Much better than now .
Sorry this is a political problem vs a gold /Fiat problem. Gold will not solve it, Fiat I agree does not solve/prevent it.
Obama Targeted Killings Lawsuit Spotlights American Civilians
An extrajudicial killing policy under which names are added to CIA and military ‘kill lists’ through a secret executive process and stay there for months at a time is plainly not limited to imminent threats.
http://www.parenting-healthy-children.com/Parenting-blog.html
The true cost of the Iraq war: $3 trillion and beyond by Joseph E. Stiglitz and Linda J. Bilmes 5 September 2010, (The washington Post) http://www.washingtonpost.com/wp-dyn/content/article/2010/09/03/AR2010090302200.html
Reading some of your posts are hilarious; “there were booms, busts and malinvestment doing the gold standard,” “there was inflation too,” “gold periods had depressions….”
What a bunch of kiddies you are!
Of course there are problems with the gold standard! I don’t know a single person (even Ron Paul and the Mises boys) that don’t admit this. This is Earth and it’s populated by mistake prone imperfect humans–what did you expect??? Seriously!
The real question is, which has caused greater problems to the planet and mankind; Fiat or a commodity backed currency? This is the only real question that needs to be weighed.
Of course the answer is Fiat! The booms and busts have been greater and more frequent with Fiat–not to mention the malinvestment–Fiat IS a malinvestment unto its self! In addition, Fiat has given rise to Industrial Complexes so great that they can literally do anything they want and have the majority of the people in our “democracies” back them. Fiat currency and democracy has created a Corporate Tyranny so wealthy, powerful and treacherous that even our “free press” backs them in their insanity!
We do not live in a perfect world and there is not, and never will be, a perfect system. The American forefathers knew this. They understood these imperfections quite literally as noted in many of their writings.
Clearly, the closest thing to perfection IS FAILURE, and in a system that disallows failure also kills the pursuit of perfection. REAL free markets create failure which in turn helps to balance good and evil not unlike the beauty of Mother Nature….
Florida Foreclosure Courts Rush At Homeowners’ Expense http://www.nytimes.com/2010/09/05/business/05house.html?_r=1
Under the new “short refinance” program, banks and other creditors that write down mortgages to less than the value of the property can essentially hand off the reduced loan to the government. The process involves refinancing borrowers into loans backed by the Federal Housing Administration.
While the program puts taxpayers at risk—officials estimate one in five loans in the program could default—the government has set aside $14 billion previously earmarked for housing aid from the Troubled Asset Relief Program to cover losses.
Well a silent “QE” on the Way! This to save the banksters.
Government to Deploy Broader Mortgage Aid http://online.wsj.com/article/SB10001424052748704323704575461920164400014.html?mod=WSJ_hps_LEFTWhatsNews
@F. Beard
The bill has been passed last year: http://www.govtrack.us/congress/bill.xpd?bill=h111-1388 Signed by thePresident Apr 21, 2009 so has become law.
It’s not clear yet to me what exactly the extend is of the bill. The crazy service thing seems to be scraped out of it, for now but a seperate bill on that still seems to be on the table.
Rickards on KingWorldNews just released http://bit.ly/aMLa81.
The Truth About H.R.1388 and some other info http://www.youtube.com/watch?v=1p7u_qN7yiE
US GOVERNMENT BANS FREEDOM OF SPEECH AND RELIGON!!!! HR 1388 PASSED!!! youri
Hitler’s regime lasted 12 years. I doubt a fascist US will last much longer. But who will rescue US? Only God can, hence the End is Near, IMO.
Summer jobs hit all-time low for youths http://www.usatoday.com/money/economy/employment/2010-09-03-youth-unemployment_N.htm
@Tao–RE your comment about linguistic chicanery
Neo-Kantian strains of Positivism in early 20th Century Vienna stressed an ethical frontier in the use of language. We see this in Husserl, Scheler, Wittgenstein and Heidegger–the desire for authenticity. Game Theory was a response to and critique of this effort. Godel wisely placed himself above such non-sense by not falling for jargon or games.
Language is now used in an extra-veritable sense. It is a marketed exchange. Quantity, as in Hegel, becomes quality at certain levels and a word’s meaning can grow into the complete antipode of its original intent. In this realm man is not only the measure of all things but also a consumer who experiences meaning only as an exchange value. The Sophist’s win is human loss. Culture becomes stilted. Degraded into meaningless disputes where every x can be y. Self Referentiality and Branding Ideology provides Narcissus-type reflections and countless Echoes drowning everything seminal under an ocean of prattle.
In such a world people can state contradictions like “Hitler was a Socialist” and “Obama is a Socialist”, providing countless links to blog articles and videos from Youtube, and convince themselves they’re coming down from the mount, faces ablaze, with a message from above. The meaning of words is only considered insofar as they can fit like cogs into a prefab ideology. A phenomena which is tirelessly inhuman and cowardly in its ignorance.
This trivial nominalism born from fear and swathed by “facts” whittles the forest of truth down to a few switches of fact.
Iraq Combat Continues: Despite Formal End, U.S. Joins Baghdad Battle http://www.huffingtonpost.com/2010/09/05/iraq-combat-continues_n_706275.html
I feel empathy for the employees of the banks. Jobs falling like rotting fruit from a dying tree. This world economy is so hugely dependent on bullets bombs and banks. This is totally upside down.
The CEOs salaries are up:
http://www.independent.co.uk/news/business/news/were-all-in-it-together-company-bosses-enjoy-163500000-pay-increases-2049091.html
Stephen Hester
Chief executive of RBS Group
2010 salary: £1.22m.
Bonus: £0
2010 total: £1.227m
2009 (inc other emoluments): £164,000
% increase: 648.2
And for good reason:
Study: CEOs Who Fired Most Workers Earned Highest Pay
http://www.democracynow.org/2010/9/3/study_ceos_who_fired_most_workers
Because we bought into their con game! (at least I did)
One person’s take on HR 1388 (as of 3.2009)
http://www.youtube.com/watch?v=1p7u_qN7yiE
Ag to the moon: That day is coming!
Jim Rickards Interview – King World News http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/4_Jim_Rickards.html
US GOVERNMENT BANS FREEDOM OF SPEECH AND RELIGON!!!! HR 1388 PASSED!!! Vid http://www.youtube.com/watch?v=OkAblhCBiMU
Lloyd’s closing all of it irish banks. Next move. Lloyd’s closing all of its United Krakpot banks.
http://www.guardian.co.uk/business/2010/aug/19/lloyds-banking-group-to-close-irish-banks
201!
BE
TO
WANT
@f. beard, the military for most countrys are all run by the elite banksters. Its just a mechinism to scare and get rid of people. Why do you think the usa has given so much informantion to china and russia and alot of countrys. Because they’re told to. Got to keep things somewhat equal to keep the world controled.
I
Oh, sorry Jayme. Your name is ambiguous. I suppose I must like strong women. Gee wiz. My masculinity/femininity detector is akilter.
Please substitute an appreciative punch in the shoulder for “I think I love you”.
@in the end we all are doomed, Its not that china is winning. Its that the elite banksters have dismantled all of the usa and given it to china.
NO jobs in the usa. More jobs in china. Alot less products made in the usa. More products made in china and india for that matter. What country wins. The elites win no matter what. But peoples of countrys are either made or destroyed at the whims of the elite banksters.
There you have it, Youri. The US dollar is backed by the US military. But it is a losing game. The Chinese already have a anti-carrier ballistic missile.
The US will either learn to do capitalism correctly or will be beaten by a younger, more populous country that has adopted our own fascism.
@ F. Beard
LOLOLOL…. Maybe I should have said that in my deeper god given man voice. LOL
Correction: “51 Billion+ Deal”
Austerity? Never heard of?
U.S. Naval Shipyard is Building 10 Nuclear-Powered Aircraft Carriers 1/2 Trillion+ Deal 5 September 2010, (Scheepvaart Nieuws) (Google trans From Dutch) http://tinyurl.com/344st99
More info: http://forum.prisonplanet.com/index.php?topic=185750.0
Maybe I’m a bit conceited, but I consider myself and my labor to be worth more than an ounce of gold. Isn’t that what this is all about? Jayme
Thump it sister and I think I love you. Very nice comment.
The central bankers want the power to devalue money because that gives them a direct tap into the wealth generated through the productivity of working people within their ecology. Money is an object of information, energy, and physical material that has value to the commons. There is a time and space dependency to this store of value. These objects can have historical, vain, potential, and fleeting value and have exchanges that are asymmetric (one man’s trash is another man’s treasure). Each has its own degree of soundness within the commons or spaces of social communion. None fits neatly into a grand unified theory of economics.
None of these forms of money is stable without the proper set of enforceable laws. Paper bills or even digital currency would be just fine except you know the bankers are already hooked on to the flow of wealth and draining social health like parasitic vampires sucking a zombie economy. It is very clear that these people must step out of the way and allow proper laws to be written. Until then, we are all living in a delusion if we think a gold standard is going to fix the problems.
By my calculations, there is a little more than an ounce of gold for every man, woman, and child on the planet. That’s not much of a money supply compared to the real wealth we collectively represent. I know my material value according to science and economics is only $4.50 but I think my humanity is, frankly, priceless.
http://www.coolquiz.com/trivia/explain/docs/worth.asp
Maybe I’m a bit conceited, but I consider myself and my labor to be worth more than an ounce of gold. Isn’t that what this is all about? These bankers would have us believe we need them and we sell our souls into servitude to them because of the con games they contrived. They would have us believe that it is through their magnanimous acts of philanthropy and donations to institutionalized foundations of propaganda, that we are even alive! If we don’t think so and buck their wealth sucking systems, they threaten us with the most precious commodity we have – our lives – through use of their “bullets, bombs, and tanks,” as Gerald Celente puts it. They should stop being supported by anyone who has an ounce of humanity left in them and these bankers should step aside so good laws can be written that will grow wealth by kindling the fire in the mind as Max Keiser put it; not filling our minds with lies and deceit through their corporate owned media, sold out political parties, and foundational propaganda machines.
I’m not religious but here’s some bible thumpin wisdom:
Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless. Ecclesiastes 5:10 (KJV)
I have seen all the works that are done under the sun; and, behold, all is vanity and vexation of spirit. Ecclesiastes 1:14 (KJV)
appologies to those bummed on the bible. Oh, and incidently, I earn considerably less commenting on blogs than I would if I worked my Farmville farm. So maybe $4.50 is an overvaluation? lol
@Gordo
That is true today. But as China’s prosperity and ambition grows….
“The LORD makes poor and rich; He brings low, He also exalts.” 1 Samuel 2:7
It is the blessing of the LORD that makes rich, and He adds no sorrow to it. Proverbs 10:22
@ In the end, we are all damned
I really do not think that China wants to break the back of the US economy or the dollar. They do not like instability. If the US goes feral the rest of the world is at great risk.
@Gordo
Thanks. Re your ideas: perhaps. I am inclined to believe as Max. I thought similarly (in brainstorming ideas) as a business concept, China linking to gold or whatever country did this would become THE focal point for the global economy.
At this time, everyone is throwing everything willy-nilly to find something, somewhere that will provide safety. A currency tied to a rock will demonstrate (at least in the minds of the investor class) a definitive plan. To have all the world’s savings funnel into your currency would be a major immediate and long-term advantage. And in my opinion, would ultimately and ruthlessly break the back of the US dollar and the US economy.
Such an event would be a major tactical win for the Chinese economy, if one thinks of current events as “World War 3: An Economic War.”
Shameful News Industry Willing To Sacrifice Wikileaks To Get Shield Law http://www.techdirt.com/articles/20100826/02573310781.shtml
A few weeks ago, we noted, with some disappointment, that the politicians who had been pushing for a much needed federal shield law for journalism, Senators Chuck Schumer and Dianne Feinstein, were taking the politically expedient route of adding a specific amendment designed to keep Wikileaks out of the bill’s protections. Apparently, a bunch of newspaper folks have stepped forward to support this move. Douglas Lee, at The First Amendment Center has an opinion piece calling those people out for sacrificing their overall principles just to get the shield law approved.
@irmatvep
That was a cool comment: very minimalist. Just a blank entry. How did you do that?
China’s growth rate unsustainable Vid 4 september 2010, (The Financial Times) (4m 16sec) http://video.ft.com/v/602715327001/Double-dip-risk-for-US-economy
China’s growth rate isn’t sustainable and the country plans to shift its focus from investment and exports to domestic consumption.
Cheng Siwei, the former vice chairman of the standing committee of the National’s People’s Congress of China and chairman of the influential Chinese thinktank the International Finance Forum, speaks to James Blitz at this year’s Ambrosetti conference about that and China’s own property bubble.
@In the end, we are all damned
China has FIAT money figured out, they have no need for a gold standard that would only artificially restrict the government from doing what it wants to do (that is not to say they will do what is best for the population at large).
If for example China needs to put in rail, nuclear infrastructure –> is it easier with gold or fiat? If China wants to be the world tech leader –> is it easier with gold or fiat? I think the answer is it is much easier with fiat. Credit your bank accounts with the fiat, create a 5 year plan and tell the banks to lend the money to rail and nuc infrastructure guys. Tell the banks to lend the money to the technology development companies.
The US has forgotten this, all they have is a bunch or sclerotic right wing white guys running the joint. All they can think of is cutting the budget, no creativity at all. The only time they come up for air is when the military budget if up for funding.
Also Gold era’s had rampant depressions and major crime not unlike what we have today. They know gold is not the answer to these problems either.
Double dip risk for US economy Vid 3 september 2010, (The Financial Times) (5m 37sec) http://video.ft.com/v/602715327001/Double-dip-risk-for-US-economy
Roubini On Double Dip Vid 3 september 2010, (Bloomberg) http://www.youtube.com/watch?v=7Kn2y2cHDgE
@Tao Jonesing
You have a complex ideology that has got to get unpacked. I would be curious to know how many are “with you,” in that they are in agreement via similar constructs. It is not that what you are writing is inarticulate. It is very clearly worded. But what is the double-speak you refer to. I am not stating that you should explore that here or that it is necessarily a priority for your thoughts (or maybe it is) but rather to bring attention to the presentation of a “complex thought.”
For example, I have a book that I am reading on “Neoliberalism.” Although the book states that the term is in common usage. I disagree. I do not think it is common…or at least in its use in a popular medium. I am not sure if I have seen the word used once here at maxkeiser.com.
There are 2 issues to begin with, re neoliberalism as a concept: It is ironically both unknown and wholly known. It is unfamiliar as a term or at least it is not used as delineating tool to understand economy, economics, our current status. The concept is complex in that transcends both Republican and Democratic administrations in regard to both fiscal and monetary policy; it is wholly known in that it is the only “economic system” known the last 30 years. As we might discuss differences, there really have been no differences over that time. As such, it becomes difficult for people to argue against something that has always been 1-way.
And in regard to “1-way” issues, this is the same toward monetary systems: We have only had fractional reserve banking. And similarly, we have only known a fiat currency (40yrs). In having only 1-way systems, it becomes difficult to then understand what things could be like, imagine a difference in a world that “never was.”
Therefore, your main thesis is: “The problem is financial speculation financed by fractional reserve lending.” Isolating that concept: What do you mean? What are you using to draw this conclusion would be helpful to more fully understand (what I believe) to be your “complex ideology.”
Name change at Anglo-Irish bank.
I like very much the ring of it.
Anglo Toxic Bank.
http://www.irishtimes.com/newspaper/weekend/2010/0904/1224278175197.html
http://www.zerohedge.com/article/september-europe-must-issue-double-government-debt-month-ago
Ouppsssssss !!!!!!!!!!!! Thus is cool stuff. Trichet you are a criminal asshole.
I keep forgetting why we even have a national debt. Oh yeah, we have to pay back the federal reserve. Gee and to think most folks think the federal reserve is part of the usa. Suprise , surprise. It isn’t. Its a privatly controlled gruop of shyster banksters who control and own it. Lending out money at interest. Gee.
So why doesn’t the usa just null and void these ashole shyster banksters and their lending us money. Because most of the usa politicans are bought off by the federal reserve shyster slimey banksters.
Which is what happened to greece , portuagual , spain , iceland. THey had their politicans bought off by these crooked shyster slimey banksters who lent them money at a huge interest. Surpise. Surprise.
This is off topic, but look at all these yummy chemicals that are added to the drinking water in the City in which I grew up.
WATER TREATMENT
Skaneateles Lake water is a very high-quality water source requiring minimal treatment.
World Bank Threatens “Drastic Steps Necessary” if Nations Refuse Population Reduction Implementation http://www.infowars.com/world-bank-threatens-drastic-steps-necessary-if-nations-refuse-population-reduction-implementation/
Bill Gates EXPOSED! Wants Depopulation Through Vaccines! http://www.youtube.com/watch?v=-0gvDkVcFkI
@Sir David Rottentrousers
I disagree. The situation needs greater explication. I would like to see only guests that can clarify and not muddy the waters. Disagreement for disagreement sake is not going to necessarily bring light to issues. (Although, I admit the ‘verbal combat’ could be fun to watch).
This an extremely complex issue that I do not think anyone has a good enough grasp on. I know what I want to see but I am not seeing it yet.
(btw, I have yet to watch the video to know what exactly might be meant in this instance).
@Gordo
“China will NOT move to a gold standard.”
In the end, this may be correct. But what is your thinking for why it will not happen. I am assuming that you think that they do not want to move in such a way. Thanks.
@Youri
copetitive anxiety is what drives the world into the ground, There is no economical match between the world economies imho, they all see completely different parameters.
Is all the world ‘wealth’ based on ignorance? It seems the general population is used to provide inertia and resistance against deviation from the targets set by the oligarchy…
Roubini: India May Overtake China within a Year http://georgewashington2.blogspot.com/
@F. Beard – “As long as the US holds the Middle East, dollars cannot become worthless. ”
That is a good point. the dollar still is a reserve currency but for how long?
Question than will be how much more U.S. debt has to pile up before payments on that debt get unsustainable and how much dog food can the U.S. eat before people lose confidence in the dollar?
If the U.S. loses it’s world reserve currency status it’s a fast race to the bottom.
No wonder people think Obama might be Muslim — or rather, people realize that he has strong affinity for Islamic teachings. Perhaps the media has reported carelessly and it is not that people necessarily know Obama to be Muslim but rather recognize his interest in Islam is inordinate to their own understanding and inordinate to the interests and sensibilities of those that have represented public office in the past and including others external to themselves such as family and people in the community. People in the US are just not acclimated and/or associated with this way of thinking, hence it (Islamic teaching) is “foreign.” As Islam is foreign and its association with Obama is strong, might also give rise to why some might be inclined to “not disagree strongly” when presented with ideas that he is not from here and hence, foreign by association: ie, born in Kenya or adopted as an Indonesian citizen or has “loose, very loose” British loyalties by birth.
(disclaimer: I believe the authors of the video were stating a “de facto” claim by his interests)
http://www.youtube.com/watch?v=tCAffMSWSzY
the ptb will turn the triangle back into a circle soon. same shit. you’ll be impressed. see y’all.
We will get a supply side (dollars) hyperinflation not the desired demand side (goods) inflation….
see all yous fucks later.
thanks @WL. hahaha stupid fucks
since 70 fucking one.
Remarks by Governor Ben S. Bernanke
Before the National Economists Club, Washington, D.C.
November 21, 2002
Deflation: Making Sure “It” Doesn’t Happen Here
The conclusion that deflation is always reversible under a fiat money system follows from basic economic reasoning. A little parable may prove useful: Today an ounce of gold sells for $300, more or less. Now suppose that a modern alchemist solves his subject’s oldest problem by finding a way to produce unlimited amounts of new gold at essentially no cost. Moreover, his invention is widely publicized and scientifically verified, and he announces his intention to begin massive production of gold within days. What would happen to the price of gold? Presumably, the potentially unlimited supply of cheap gold would cause the market price of gold to plummet. Indeed, if the market for gold is to any degree efficient, the price of gold would collapse immediately after the announcement of the invention, before the alchemist had produced and marketed a single ounce of yellow metal.
What has this got to do with monetary policy? Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021121/default.htm
i’ll explain. fuck. there are 2 secular markets. one is a bear and one is a bull. the dollar is one PM,s is the other. metal is the bull.
Hyper-Inflation will be driven by loss of confidence and dumping dollars around the globe since nobody wants to be too late holding wortless money.
youri
As long as the US holds the Middle East, dollars cannot become worthless. Also, the US exports a lot of food and weapons. I’m not proud of the situation, nor do I support it but that’s the way it is, imo.
@Youri. you were right the first time.
Correction: “obsolete dollar”
@F. Beard
So I am not talking about the amount of money or velocity here. I am talking about the loss of confidence creating an absolute dollar. That’s diffirent from the monatairy phenomenan.
@F. Beard
Hyper-Inflation will be driven by loss of confidence and dumping dollars around the globe since nobody wants to be too late holding wortless money.
@youri,
No problem. As you can see, I misread your comment anyway to the correct meaning.
Correction: “Hyper-Inflationairy scenario” Not “deflationairy” of cause – selbstverstandlich!
And than, like Faber said , they can’t and politicaly will not go bankrupt but they can print so they will work to a Hyper-deflationairy scenario instead. Youri
Won’t happen. Hyperinflation cannot be driven by velocity alone. The Fed/Congress can put banks out the money creation business by raising reserve or capital requirements.
@F. Beard
the same will happen as in the States. Government will have to eat their own dog food aka buy up their own Bonds with printed money cause governments “can never go bankrupt’.
And than, like Faber said , they can’t and politicaly will not go bankrupt but they can print so they will work to a Hyper-deflationairy scenario instead.
Maybe Ben Bernanke is trying to bring in 100% reserve banking by the backdoor? Recapitalize the banks and fill them with reserves by buying up most US Treasuries then raise reserve requirements to head off severe inflation?
@Jayme:
Howya kid?
Howya gettin on?
said the man to the one legged jockey
Investors continue to buy into the 30-year bond epic, but it is not hard to predict a dire ending – the bursting of another huge bubble, says Jonathan Davis.
From: Beware the ending of a bond epic 5 September 2010, by Jonathan Davis (the Financial Times) http://www.ft.com/cms/s/0/de8fe8d8-b782-11df-8ef6-00144feabdc0.html?referrer_id=yahoofinance&ft_ref=yahoo1&segid=03058
The US central bank has an explicit objective, reaffirmed the other day by Ben Bernanke in his Jackson Hole speech, of bringing down bond yields right along the yield curve. That commitment needs to be taken seriously. A new bout of quantitative easing is almost certainly on its way.
The beautiful paradox is that while Mr Bernanke has a personal mission to eliminate any risk of a rerun of 1930s deflation, if he is successful it will in due course undermine the case for owning bonds at the prices he is moving heaven and earth to bring about today.
Yet in the short term, despite the bond market trading at artificially depressed yields, many investors continue to buy the deflation story. There is comfort in numbers. But it is not hard to predict that this trend, however long it still has to run, is not going to end well. Professor Jeremy Siegel of Wharton says that investors who pay 100 times the yield to own a US government bond are participating in a bubble that is every bit as extreme as that involving internet stocks in 2000. Nassim Nicholas Taleb, author of the Black Swan and Fooled By Randomness, says that “every single human being” ought to bet against US Treasuries. It is a “no brainer” of a bet.
The Queen was puzzled enough by the global financial crisis to demand to know why nobody apparently saw it coming. Mr Obama won’t be able to say the same about the coming fallout in the bond markets.
Spain, Portugal and Ireland are the obvious ones to worry about. Are investors willing to stay long, or buy the debt of these countries? I’m still not seeing investors willing to buy into the periphery.” Youri
Screw the investors! Who says anyone has the right to lend to sovereign governments?! Let governments simply print their own money. The PIIGS should default and revert to their own national money supplies. Stick it to the rentiers!
monetize, reprice, it’s done.
hahaha. i’m in shit now.
@Mike . what would be more important? buying the ten thousandth doll or throwing eggs at tony blere.
When the banks have all the money
and the population none;
then assets turn to ashes
and rumors turn to runs
Hi Ron
You behave yourself tonight
mike
hi mike.
http://www.telegraph.co.uk/finance/comment/rogerbootle/7982974/Ill-regret-saying-it-but-housing-troubles-are-resurfacing.html
YYEESS!
Mike
hahaha. the middle men are fucked. always wondered what they did.
@Namarama. you buying a doll? fuck that. an ounce for number 10000. good bet. hahaha. that fucking Max.
@Namarama. that fucking Stacy asked Mike if he was in dublin. she knew you were there with eggs. never even gave old Namarama an @. plus fucking Max has no gold. fuckers.
Fears rise as EU nations aim to raise borrowing 5 September 2010, by David Oakley, Capital Markets Correspondent (The Financial Times) http://www.ft.com/cms/s/0/abe5bf60-b8dc-11df-99be-00144feabdc0.html
The eurozone debt crisis is about to enter a critical phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies.
Some strategists are warning that some of the weaker economies could fail to raise the amount of money they need as eurozone governments attempt to issue double the amount of debt this month compared with August.
Eurozone governments will try to raise €80bn ($103bn) in September compared with new bond issuance of €43bn in August. Spain is expected to attempt to borrow €7bn in September compared with €3.5bn in August, according to ING Financial Markets.
Spain, Portugal and Ireland , so-called peripheral eurozone economies, are considered most in danger of being shunned by investors as worries persist over the health of their banks and economies. Greece is no longer a concern because it has emergency loans to cover its funding for the next two years.
Padhraic Garvey, head of rates strategy for developed markets at ING Financial Markets, said: “We are heading into a critical period as the chances rise that a government may fail to raise the money it needs.
“Spain, Portugal and Ireland are the obvious ones to worry about. Are investors willing to stay long, or buy the debt of these countries? I’m still not seeing investors willing to buy into the periphery.”
Bill Eckert started a new discussion
FEMA Camps Going Into Operation? http://www.meetup.com/alerts/
“In case you don’t already know, there are adverstisements for “Internment/Resettlement Specialists” that some are saying may be used to begin operations of the 600-800 FEMA detention camps already in existence around the U.S….”
This too funny !
State of Illinois organization being evicted of rented offices for not paying the rent.
http://globaleconomicanalysis.blogspot.com/2010/09/drivers-license-facility-state.html
and FINALLY something real interesting: http://www.youtube.com/watch?v=buqtdpuZxvk&feature=related
@Gordo
That’s Gomhert or Gomer ? Striking ressemblance.
http://www.veoh.com/browse/videos/category/comedy/watch/v960352T9ySddYJ
Must be careful with the exploding Pampers. You never know with all this methane.
The Stunning New Global Regulations that Will Put More Money in the Hands of Governments and the Power Elitey
…. The Basel III rules which are about to be approved by the Group of 20, in November, and will be trumpeted by governments and mainstream media as a major step toward global protection of the banking system from the type of financial crisis we just experienced, is nothing of the kind….
http://www.economicpolicyjournal.com/2010/09/stunning-new-global-regulations-that.html
@ Marc & Gordo
Ouais
Its a tough job being a thought criminal and terrorist but we have to do it for the babies! ;-0
au revoir all !!!
A telling day for silver tomorrow methinks.
So long as we have fractional reserve banking and derivatives unless your a banker your fucked.
Some early electronica – era of the slaves :-
http://www.youtube.com/watch?v=32ROcQTaqvA
@ronron:
Great Bill Murphy post,
Thanks.
Glad I stocked up on silver during the last dip
I’m sorry it’s been a bit of a pleasure to make this comeback … http://www.youtube.com/watch?v=1vrrVj8LbqI&feature=related
Although it seems these central bank decisions are made according to the logic of the ponzi scheme there is imho no explanation for the Saudi cooperation. They can get their trinkets anywhere. I think the US can retalliate very personally and basically has the saudi royals at gunpoint at all times. What else would keep this madness going?
There were booms and busts prior to the Fed’s creation. I don’t see precious metals as being a magic bullet.
anyway. wake the fuck up. gold will be repriced soon to 3000 an ounce. the us dollar will soar as the fucks turn in there gold with a smile. and another 20 years of rape the earth. let the good times roll.
@Marc Authier
I would not feel too persecuted Marc a republican can call anyone a terrorist.
Terrorist babies out there lookie outie
Babies hate our freedom
http://gawker.com/5574103/texas-congressman-describes-terrorist-babies-plot-inadvertently-argues-against-democracy
fuck you all so very much http://www.youtube.com/watch?v=F4ajZ-5kTXk
@Leobrady
And besides that they think there is a linguistic civil war. Very scary you know for some anglo-saxons to learn a few foreign words in french ! It’s really traumatizing for some, specially the ones from Western Canada and a certain category of American,
What’s cool is that we are regularly compared to Nazi Germany and Afghanistan. or Greece. in English Canadian press and in NYTimes. Afterr 911 the editorial asshole in charge, a jewish lady from NY TImes, taking here infos from the B’nai Birth controlled Montréal Gazeete, wrote that the terrorists were algerian and french speaking and came from Québec . It’s nice to be described as terrorists by Americans and Canadians. As you should know Leo. we are all unofficailly in Québec honorary members od Al-Quaida. Québec = Al-Quaida fot the crazies from NY Times and Montréal Gazette and National Post. Leo you terrorist.
@Marc Authier
I think you’re safe. Most Americans will think Montreal is too cold.
Its a fun city.
Maybe Northern Maine or Nova Scotia would be a good hideout.
@ Marc Authier
Afghanistan was always a Wiermar Rep.
Tey Deal in Hard Cash “Opium”
lol
Hic
Afghanistan Credit Default Swaps now at 10,000,000,0000,000,000,000,000 %
Coming soon in your country. Call it Blackwater bankstering.
http://www.businessinsider.com/afghanistans-massive-bank-run-is-getting-worse-2010-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29
And before anyone tinks sometin was shoved up me you know what by tee Cops
I called tee Toein Co. got me car removed from ta scene took a taxi reached home called me buddys fer anotter Drink
Bonn is a lot smarter tan ya tinks
lolololol
ROFL
And ta strangest thang is 2 of me otter friends had accidents 10 / 20 days apart both had’nt had Alcohol One guy who is muslim doesnt drink but killed a pedestrian crossin ta road errr emmm we dont exactly have Zebra Crossin here in India Though he paid like 100 K to get away scot free
The First night in Jail he got the Sh!t belted outta him from the Cops
Hic
My apologies for the double post,..the first one came up, then disappeared, I thought it had been munched by the filter,… : )
HITLER WAS A SOCIALIST
http://constitutionalistnc.tripod.com/hitler-leftist/id9.html
Coming soon. After Phillippines brides.Ukrainian brides. Russian brides.
Here comes.
UK brides. Spanish brides. Greek brides. Iceland brides. and
American brides.
http://loveme.com/women/philippines/philippines-women.htm
Leobrady. Montréal bien sûr. But be warned. It’s too close to USA. We are waiting to be invaded and nuked by US depression very soon.
Nothing is perfect. I was thinking moving to the Phillipines or a jungle in Sumatra.
Toe I don’t go above 40 miles per hour
Had a huge accident @ 100 miles per hour 2 years back
Notin happened to anyone
I freakin totalled me car toe
And If you get caught here in India drinkin even within legal limit and ya have an accident
The Cops string ya up and shove a stick dipped in spices up yer you know what so that it burns
LOLOLOL
ROFL
Hic
And tey dont care which family you belong to
Cause tear excuse is “We really did’nt Know cause Everyone says tat”
lolololol
Rofl
Hic
@Maxy boy. how about interviewing the hunt brothers?
Hitler was a Socialist:
http://constitutionalistnc.tripod.com/hitler-leftist/id9.html
@ Tao Jonesing
but @ 130 Dollars tats daylight robbery by tee Cops
I know he coulda won the Court case @ I dunno what ya pay lawyers in where ever he is !!!! USA I tink
Hic
the gulf http://www.huffingtonpost.com/jerry-cope/no-safe-harbor-on-gulf-co_b_698338.html
@Illinois Brandon,
You experienced a shake down! I’m sure there’s a lot of this going on around the country as municipalities look for revenue to close budget gaps. Politically, they can’t explicitly raise taxes or fees, so they find other ways to impose new taxes.
hahaha. bill had sandwiches with the hunt brothers last week. wonder if they were cut in triangles with the crusts off?
@ Illinois Brandon
WTF ?????
Ya goin through Papers please WTF ????
I always thought AJ was exaturatin some times
But WTF ????
I’m not sure about a PM-Standard as the solution:
http://www.youtube.com/watch?v=lXb-LrVkuwM&feature=related
(Solution presented in 21/22)
1. How are we going to make sure, the government-claimed deposits in gold are REALLY there? (Where is the Swiss Gold?, Haven’t seen any of it yet. Have you seen USA-Gold or German-Gold? Or do the Russians or the Chinese have showrooms to have their goldreserves publicly admired/controlled?)
2. Who will own the PM-coins? The issuing governments? The people in who’s pockets they end up?
Be carefull: most probably the governments don’t own no gold any more, but the oligarchs might, which will put them back in control of the issuance!
3. Will there be a difference between the nominal value of the coins and their PM-market-value? Should the issuer therefor only print the weight on the coins and the gold-content (900/1000 or 10/1000 etc)?
I like the Money Masters idea of not obly abolishing the central Banks but also the fractional reserve banking system and go back to a governamental state-money introduced (no gold backing needed) , produced and issued by the treasury, with no debt, paying back the national debt with it and gradually going back to FULL reserve banking.
Then there should be introduced a direct democratic mechanism to determine the moneyvolume each year (like voting on the M3 every year, and if a countrys population will give itself too much money, they sure will feel the market and correct the M3 number on the next vote) or how would the market determine it without the government?
Greeting from Switzerland to you all. I like you all despite the fact, that you’re all faceless blogentries!
The U.S. was without a central bank for over seventy years, and during most of that time the dollar was backed by gold and silver or by just gold. Yet we had inflation (e.g., at Google Books you can find magazine articles from the turn of the 20th century discussing inflation). Yet we had booms, busts and “malinvestment.”
The problem isn’t fiat money. The problem isn’t fractional reserve lending. The problem is financial speculation financed by fractional reserve lending,
Criminalize fractional reserve lending for financial speculation, and eliminate limited liability for corporations who engage in fractional reserve lending. Anybody who wants to engage in financial speculation will have to do so using existing money at interest rates determined by the free market.
Am I saying that we shouldn’t get rid of the Fed? No. I am saying that the Fed is a red herring, that (contrary to what Milton Friedman said) history shows us that the Fed’s interest rate policy and the gold standard are non-factors in regulating inflation and asset bubbles.
While Mr. Kim is clearly earnest in his beliefs, he is just as clearly a dupe of the double truth of neoliberal rhetoric, which is a case study for the linguistic psychology of misinformation.
@Marc
Its already Labor Camp Day! lol
I’m trying to choose where to move – It’s the White House or Montreal.
@ nama rama – great video…too bad those guys aren’t in jail. “Billy Vegas” HAD an excellent website http://www.puppetgov.com/ with quite a few of his own exceptional video productions.
Unfortunately he went out of business in July due to undersupport by his viewers and is looking for a job. Last I heard, his website will be up until October.
radio canada http://www.youtube.com/watch?v=BV5CCH34wWw
“Labor Camp Day”
LOL that one was really funny!
NZ http://www.dailymail.co.uk/news/worldnews/article-1309194/New-Zealand-earthquake-rips-new-fault-line-world–moving-earth-11ft-right.html
Labor Day name will change its name.
Washington annouces officially the new name.
Next Year it’s ‘Labor Camp Day.’
If you have a net worth of 12 million, who will eat you for breakfast?
Is being a monetary slave and not knowing it is a good thing?
Is being a monetary slave and knowing it a good thing?
Is being being behind in taxes, huffy, but well armed, a good thing?
http://www.youtube.com/watch?v=19cEc_DVRrI&feature=player_embedded
Max and Stacy,
Someone who I would consider to be a great guest on one of your shows is Nicole Foss, who writes under the alias “Stoneleigh” on The Automatic Earth. Ms Foss has done some interesting (frightening!) predictions on a extensive range of subjects regarding energy and finance. She is predicting a severe deflationary collapse, where asset prices will collapse across the board (including precious metals because investors will need the liquidity), that will eventually lead to an energy crisis.
States that appear to be in pretty good shape include Texas, Virginia, Maryland, and Delaware. Marc Authier
Texas – oil
Virginia – Federal government
Maryland – Federal government
Delaware- corporate headquarters?
Germany realizes that alternative energy won’t do yet.
German government debates future of nuclear energy
I believe Mrs Merkel has a degree in physics. Germany is interesting; an intelligent country that has a lot of greens in it.
Monday, August 30, 2010 at 03:58PM
Number next to each state represents the cost per year to insure $10,000 worth of state bonds for 5 years. The higher the price, the higher the default risk. As shown, Illinois has the highest default risk of all states at 303.2 bps — even higher than California. California ranks 2nd, followed by Michigan, New York, and New Jersey. Not to anyone’s surprise, these are basically the five states in the country with the biggest fiscal problems at the moment. States that appear to be in pretty good shape include Texas, Virginia, Maryland, and Delaware.
@GGees. i knew they were gonna bring hydro to all the caves.
So. Are Anglo-Irish Bank ATM’ machines are still functionning this morning ?
@Gordo. been raining for 3 days.
Max and Stacey,
I honestly love the things you do–or I wouldn’t come here–but can you get some guests on your show that don’t agree with you once in a while? My favorite “Max moments” were when he was making asses out of the people sitting across from him on French TV. Lately all we get are these guys that start sentences and then Max finishes it for them. This is not intriguing TV. All of us here agree on most things so watching people agree right along with us gets boring after awhile….
@ronron
Thanks ronron good to know you care so much.
Try getting some sunshine over the long weekend, its good for you.
Stalin purged commies, that mean he was a repub?
RonRon yep im in a cave
@GGees. everyone is on drugs. you in a cave?
@Sylvia. mexico is kicking around the idea of a silver coin that floats with the peso. not a matter of if but when we are fooled with honest money.
Anyone who thinks Germany will leave the Euro is on drugs
@Sylvia. the euro is a fiat currency. germany could do like the muslim country’s and use both to begin with. 2 currency’s competing in the same country. already happening.
@Gordo. i didn’t mean to make you cry. sorry.
@Bonn and Ron Ron
Thanks. Loved the video on the Argentinian guy and Credence.
I was more thinking along the lines of how would Germany actually move forward once the decision is made? I’m trying to picture it. Obviously, China and Russia are in command of their own currency. But Germany… And once Germany makes this announcement, what would happen to the rest of the Euro countries. Curious, that’s all.
P.S.
So if you do buy gold and silver – take physical possession and keep it with you food, water and guns if and when the party begins.
Jawboning in the Yen at fever pitch.
I wonder what they’re going to do when they have a Yen melt-up.
Oh yeah a gold backed money standard like that is going to happen in our life time. RRRRRIIIIGGGGHHHHHTTTTTT.
I do not even think it would solve any of the problems people think it solves.
China will NOT move to a gold standard.
Do you actually think a nation that now understands and can abuse the power of a FIAT will give up that power? Will not happen.
Can you say wishful thinking?
@ronron
What is your fucking problem?
Not getting your way? Everyone not agreeing with you to your satisfaction?
Too fucking bad. That statement had nothing to do with you.
Walmart has a special Labor day sale on Toilet paper. 100 rolls half price.
Only one side used.
Excellent!
There’s a great vid “The Money Masters” on you tube – http://www.youtube.com/watch?v=Iv-ZCj1_HHI
that gives a good history of money. Its kind of America centric but its probably relevant to all.
I believe the greedy ones, way back when, created a fractional reserve system even with gold and silver. You see; They held all the gold and silver for people in their banks (?) and they realized that not everyone came to get there gold and silver at the same time. So they began lending it our. and the debt based game began. They’re sly….
I believe F. Beard alluded to this in his comments.
I was always curious about why money and the managing of it was never taught in American schools. It wasn’t until I was in my 30s and we got our first mortgage that I became motivated.;-)
Most 30 year mortgages in America, have the borrower paying back 3 times what was borrowed in the end. In the first five years of payment, almost a third of the monies paid are interest. Even Tony Soprano would envy that scam.
One American president, Andrew Jackson, was aware of the scam.
Check him out! I wish he was around today but all we have is “we ourselves” i.e. – sinn fein
In Illinois it isn’t illegal to beer in the backseat of your car but because she simply suspected me I had to be through a costly hassle. I like to drink but I don’t drink before driving to work period!
ABG:
Pirates usually retain parrots, right?
Cops in the US going off the deep end. I got stopped for not coming to a total stop yesterday 2 mins from my house. I could understand that fine but The Cop saw beer in my backseat which I just bought it wasn’t open at all, and made me do a field sobriety test which she said I failed. I was tired coming home from work. I was taken into custody for probable cause I took a breathalyzer which I passed, she had my car towed it cost me 135 dollars to get out.
July’s trade balance data may unravel mystery http://www.marketwatch.com/story/julys-trade-balance-data-may-unravel-mystery-2010-09-05
Hail the Prince of Darkness! (Or is that Lucifer the Light?)
David de Rothschild at Zeitgeist Europe 2007
http://www.youtube.com/watch?v=C2ahWHbUVVU&feature=related
More passionate S&B pirates preaching to the human resources:
Meet the Plastiki Pirates: David de Rothschild and Jo Royle: Current Green
http://www.youtube.com/watch?v=brY1Z2m8IMo&feature=related
Japan suggests yen intervention: report http://www.marketwatch.com/story/japan-prepared-to-act-on-yen-rise-2010-09-04
“Our statement that we would take decisive steps when needed says it all.”
Japanese officials have said they may take action, typically a code for intervention, said the news agency.
Noda Says `Difficult’ for Japan to Win Coordination on Yen Intervention http://www.bloomberg.com/news/2010-09-04/japan-finance-minister-noda-says-coordinating-yen-intervention-difficult-.html
Japan views probable U.S. opposition to currency intervention as an obstacle to selling the yen, according to three Japanese government officials.
Sales without U.S. backing would be a challenge, the officials said on condition of anonymity because the government discussions are private.
Volatility would be a more likely trigger for an end to the policy of refraining from sales of the currency, which last week hit a 15-year high at 83.60 against the dollar.
Very good discussion on why China has to de-peg the Yuan (like, now) from the U.S. dollar or face restrictive trade:
http://finance.yahoo.com/tech-ticker/yes-deflation's-coming-says-morici—-because-the-government-doesn't-have-the-guts-to-stand-up-to-china-535393.html
This is actually a very good interview, since it underlines that devaluation is necessary. I think that China’s problems are not unique, that its economy is not unlike any other bubble miracle economy propped up by wild real estate speculation.
Angry Americans..
http://www.youtube.com/watch?v=ZVGgcu_NE0w&feature=player_embedded
OH, OH just Wait O Minute! Greenspans defenition is much different from the general defenition of a “Free Market”.
The General defention talks about a regulated market cause you can’t have a game without a referee is the general idea but Greenspans defenition of a free market has NO REGULATION AT ALL. Greenspan believes in the SELF REGULATING MARKETS which is A MYTH as we all know by now. You just have to look around at all the fraud to see my point.
Its worrying how much how many people are referring to Weimar Germany recently. We know how that story ends.
@ Ronron Hi
http://www.youtube.com/user/arsalbuchi
Watchin some Sh!t on Transportal time travelling
If yer interested Google Part 1/39 A Conversation with Andrew D Basiago
hi Bonn.
*correction
have given my two cents of thought. in an Earlier “comment”
@Sylvia. let me explain. http://www.youtube.com/watch?v=NwNuQulK6N0
@ Sylvia Rogier
I have given my two cents of thought. in an Earlier thread where Dollar is dislocated from Oil by BRIC & or OPEC thereby all countrys follow suit
Salbuchi – Global Financial Collapse – Part 1
http://www.youtube.com/watch?v=UlDNMB6wYmI
I hafta check His updates Oh and it Explains where we might be heading
LOLOLOL
ROFL
Hic
@ someone, anyone…
How would that Germany/gold standard thing go? I have a hard time seeing Germany backing out of the Euro. How would that all go down? Just wondering…
What’z-the-mattur, Ma?
Done lost my best gold chain, Steller. Think that crow done gott-it.
Which crow, Ma?
That one that be down by the preachur’s oak tree. He been eyein’ my chain with them beedy-eyes of his’n just a-waitin’ fur his moment.
Nah, I think ya’ll just miss-placed it, Ma.
Wahl, them crows do spend thair time a’hatchin’ trubble. They been into the corn ass-well.
Them crows sound like some-of-the wurld leedars I done read ’bout on Mizz Stacy’s site.
Yep.
Good Evening.
Shut up, Harry. Ma, if’n we had a good dawg, we could set em on them crows. Buster’z gettin’ old.
Wahl, Cleetus sayz we can train Harry W. to scare them crows.
HAHAHAHA! He be gent-i-fied, Ma! He don’t do nuthang but go ’bout saying “Good Evening” and sniffin’.
He do seem useless. But y’all can’t nairy tell, Steller. Don’t give up on em yet.
Humph.
They be a’cawin’. Best do somethang.
Cleetus be in a canoe waitin’ fur a flood, Ma. Pa be down-to-the-Otis’s chewin’ and spittin’. And Bounteeful ain’t much use fur crows.
Wahl, I’ll set to figure, Steller. Gotta-be-somethang we can do.
anyway gotta run. toilet paper and coffee are on sale.
@Geek. figure on getting 4 grand for the 6120 and buying more gold. hope to get the 335 for 3/4 oz.
@ronron
Nice…..my new gretsch is on the way from germany. Hopefully hook with some friends of mine in an electronica group and put together some riffs. I wouldn’t give away my ‘yella’ stuff just like that but good on ya, sounds ike a reasonable barter
“if i followed mine, i would not be here.”
What the sam-hill are y’all doin’, Cleetus?
I be waitin’.
Waitin’ fur what? Why are ya sittin’ in that canoe? Y’all ain’t even in the water!
The water’s cumin’ to me. Mizz Stacy done said so.
She did?
Yep.
What y’all got in thair, Cleetus?
Got me fishin’ pole, bait, Bud, and Grannie’s teeth.
And a girlie magazine, Cleetus. How y’all goin’ fishin’ if there ain’t no fish?
They be cumin’ to ME. I do declare, Steller, y’all ain’t got nuthang but rocks fur brains.
Why don’t y’all come on out to the picnic, Cleetus? Ma said we’z goin’ down to the pond and eatin’ fried chicken and cornbread.
Y’all do as y’all like, Steller. I do be safer here.
Wahl, suit yurself.
It’s cuz yur not re-spects-full of CO-two, Stella! Y’all ain’t a-listenin’ to Science! I do be ready, them science-titts did say the water goin’ fill this’n hair place up like a swimmin’ hole!
Do-Be-Jesus! You do beat all, Cleetus!
Max. You can’t back a counterfeit communist commie cominterm with gold.
I would say serious problems in Yuan convertibility are bringing the dollar to its final low, and that the Yen is well supported, because the Japanese commercial banking system is heavily exposed to the China bubble.
Secondly, interest rates are set by the market. The Fed does not set interest rates say, in Sweden or cause the Swiss Franc to appreciate against the Euro.
There are exceptionally few beneficiaries when interest rates fall below .5% due to the Net Present Value curve. Because at that point, fully backstopping the economy with any amount of printed money will wind up with even lower interest rates.
I would say that it was the Net Present Value curve which set the course of the derivatives bubble and developments post yr. 2000.
Even more important, what I think is wrong with the economies around the world is that dividend yields are exceptionally low and over taxed to favour the equity cult, and furthermore that banks decide yields on commercial paper.
But the market will correct that problem eventually.
@Geek. southern ontario, canada.
@Geek. a guy i worked with 20 years ago. he wants some gold. i’m trading 3 and 3/4 oz for the pair. i will dump the 6120 to get the 335 cheap. a fat neck black 335 is rare.
@ronron
Where you buying them guitars from?
@All. i’m back buying fucking guitars. 72 335 and a 62 6120 coming today.
@Beardo. i explained it for you.
@Gordo. how many of us? the fact is that was 65 years ago. what’s happening now. you got the facts? you fuck you.
Alternative theory to the loose money propaganda perhaps.
The housing bubble reconsidered
“With respect to housing, the authors find that the accommodative monetary policy following the post-tech bubble recession played only a modest role in price inflation. They first argue that the housing bubble took place simultaneously across countries whose monetary policy varied in its laxity:”
http://ftalphaville.ft.com/blog/2010/09/02/332321/the-housing-bubble-reconsidered/
@ronron,
Actually, I don’t much understand that passage myself but you reminded me of it.
anyway@Snoot. you have made me happy, by including me in your day.
@Bel-Ami
“Adolf Hitler and the Nazi party he ran were not Socialist. In fact, the first inhabitants of Concentration Camps were Communists, Socialists and Trade Unionists.”
Don’t bother, a lot of people on this site really are not concerned with facts.
@Beardo. you said what i said. my mind, your book.
I know, O LORD, that a man’s way is not in himself, nor is it in a man who walks to direct his steps. Jeremiah 10:23
@Snoot. we are all pulled by relationships. none of us can follow our mind. if i followed mine, i would not be here.
@Snoot. most men seek power. most only have the power of mustard VS ketchup. religion? you nuts too.
@ronron:
The point being that words stand alone and separate from the writer. Words carry no guilt for their financing, but they do dress the whore. If you don’t like prostitutes: don’t pay with your time or your money. But those behind the words, the writers, one may dismiss as superfluous always.
http://www.poets.org/viewmedia.php/prmMID/15511
“How arrives it joy lies slain,
And why unblooms the best hope ever sown?
–Crass Casualty obstructs the sun and rain,
And dicing Time for gladness casts a moan. . .
These purblind Doomsters had as readily strown
Blisses about my pilgrimage as pain.”
@ronron:
Do you consider the ‘future’ a binding contract with “crass casualty and time”? If you fold the paper according to the Plan, how do you know the end result will be a crane and not a turtle?
Do men run hither and yon in relative redundancy? Are some criminal bullies more apt at leading than others? Do we pursue happiness or comfort? How do we know what is the best choice for those men whom we include in ‘the common good’?
If we being “I think therefore I am” are bound to rapt identity, then the attempt to control the narrative and dismember human agency is a likely rout to dominion. But, who’s to tell if “I think there I am” really ever listen, or are not listening to blood or whispers sung by agents invisible to the naked eye?
Do we consider that good and evil are not separate like oil and water? The attempt to incise the creature through some guidelines written by men operating ‘in habitus’ of a creation format has not deigned peace nor prosperity on mankind.
I believe men seek power only.
hi Snoot.
avoid what you like. i don’t give advice. don’t listen to me. i’m nuts. thats what ive been told.
Stacey,
On 9/11/10 in Paris Mr. Craig Ranke will present is information concerning the 911 attack on the Pentagon. He will be screening his film National Security Alert and answering questions with a translator. Should be great. His information and evidence is indisputable. Probably why few people have heard of him. I hope you can find time to attend.
http://www.citizeninvestigationteam.com/news/2010_07_06_euro_tour.html
Please turn up the volume on the podcast if you can.
Thanks Brad
She heeded no voice,
She accepted no instruction
She did not trust in the LORD,
She did not draw near to her God.
Her princes within her are roaring lions,
Her judges are wolves at evening;
They leave nothing for the morning.
Her prophets are reckless, treacherous men;
Her priests have profaned the sanctuary.
They have done violence to the law. Zephaniah 3:2-4 (New American Standard Bible)
Very good article by John Pilger about media spin
Flying the flag, faking the news
http://www.johnpilger.com/page.asp?partid=586
*********
Go n-éirí an t-ádh le Cill Chainnigh agus le Tiobraid Árann inniu.
@ronron:
Should we avoid publications associated with ex-KGB agency and Russian crime syndicates?
its a fucking dairy operation. http://www.nytimes.com/2010/09/05/business/05house.html?_r=1
@ronron,
I tried that blocker but it blocked this site too!
this may be usefull.
http://claytonecramer.blogspot.com/2010/08/how-to-make-you-dont-accidental-visit.html
it baint going to work, the gold standard is the favourite monetary fraud of tyrants throughout history Chundernuts
Yep. Furthermore, why should bankers have a fool-proof store of value for when they wreck the economy?
Can somebody explain to me why China’s relative small amount of gold bullion works in advantage of China? Thanks!
I see Orlov has got another article:
http://www.culturechange.org/cms/content/view/674/66/
Funny guy! I wonder what sought of fantasies he will dream up next
Even I think it was on Al Jazeera or RT ;-one of the middle eAst countrys Abu dabi or Saudi had assets worth 30 trill i tink in Oil
the interviewer asked peter Schiff where should they invest ? Should they invest in US Tresurays / Dollar
Peter Schiff replied “Are ya crazy!! Go buy some hard assets like Iron ore or somethin”
hi mike. good show Max.
Good afternoon Stacy.
Nice clear interview; clear but wrong!
1) Government money is backed by its taxing authority; no gold or silver is needed.
2) Private money could be gold or silver but could just as easily be backed by a company’s assets such as would be the case for common stock. Or it could be backed by a company’s products such as bus tokens or store coupons are today.
A government backed gold or silver standard is ANATHEMA to any true libertarian. Furthermore, government backed money standards, including gold, are a traditional tool of the banking establishment to loot economies. Case in point, the chief cause of the American Revolution was the disallowance of colonial script, controlled by the colonialists, in favor of gold and silver which was controlled by English bankers.
Furthermore, it is difficult to imagine a gold or silver standard WITHOUT fractional reserves. And if fractional reserves were disallowed then economic growth would be constrained by the mining of new metal which is just plain silly and dangerous.
China must be wonderin WTF do I do wit tees 2 trill in US treasurys
lolololololol
ROFL
Hic
Bel-Ami: yeah, too bad that Hitler didn’t call his Fascist party “Republicans.” It is amazing listening to mouthbreathers tell me Hitler was a “Socialist.”
It’s why America is a lost cause: too many dummies needing a foot up the ass.
Best just to stand clear and let it hit bottom like the drunk (with military power) it is, with it’s soon-to-be useless wads of Fiat cash. See what they can buy with wallpaper.
Great Show. Great Guest!!
About two years ago I posted a link on “Blondesense” blog to J.S. Kim’s blog, or some page at a precious metal blog that had an article by him, where he was warning about economic misery coming and advising precious metals as a refuge. Call it late 2007, early 2008. Sounded like expert advise to heed.
Got raked over the coals by the resident comment expert/economic professor there at Blondesense, telling everyone how very wrong-headed farang was, and also explaining I was an idiot : there is no such thing as “supply and demand” and that anyone saying so demonstrated their lack of any economic theories” said this New York economic professor. He actually said that. There is NO SUCH THING as “Supply and Demand” and he is a NY state economic professor. Yeah.
I posted Kim’s credentials as my reply, and never went back there again.
So….who was correct? What was gold in late 2007, again? Professor??
On a funny note: here is a link to a “godfolk” “Seer”/Biblical Economist Perfect genius blog:
http://www.moneyteachers.org/America+Refined+as+gold.html
Seems “god” has finally seen what all of us realists saw coming 10years ago when the Bush Tax Cuts were implemented. And has told only the Perfect Genius, in technicolor.
Glad ya caught up, ya. or is it el? or jevovah? or “spirit?” or my favorite, the name of Imhotep stolen by the godfolk: “Prince of Peace.”
Yeppers: a Perfect. Genius. His mommy said so.
Oh yeah, sorry Max: that was the Jim Willie interview, not Rickards I meant about the counterfeiting of Treasury bonds.
Getting old and CRS.
* Correction
But together they could take on the US
Like the BRIC Countrys along with OPEC
Good Show
I tink I’ll be buying some Gold
And I agree & feel Gold & Silver and partly Fractional reserve system will evolve
& I think @ Max that 600 or 1200 trill in deravatives will have to be written Off.
I don’t see any other route
you’d need 100 bailout packages to get out of the Financial Black hole
if they try more bailout the US dollar will be worth boooyeee
Personally I think China Russia and or OPEC are all just gonna buy Oil in any other currency other than Dollar
I feel thats gonna be a First move I think; And its gonna be all ‘em at once so that US does’nt Go A-Wall and Start Wars because peeps aint buying Oil in Dollars
So individual Countrys would dare take a shot at Buying Oil in other Currencys other than Dollar
But together they could’nt take on the US
Like the BRIC Countrys along with OPEC
I serously believe this is a possibility
This would in effect be the last Nail on the US Empire Coffin
lolololol
ROFL
Hic
Should US government debt be rated junk?
http://money.cnn.com/2010/09/02/news/economy/US_Treasury_debt_junk_status.fortune/index.htm
@WL –in case you didn’t read the comment on a previous article
Adolf Hitler and the Nazi party he ran were not Socialist. In fact, the first inhabitants of Concentration Camps were Communists, Socialists and Trade Unionists. This is well known by Historians and is actually testified to by Goering, Hjalmar Schacht and many other prominent Nazis at Nuremberg(Cf. Nuremberg Trial testimony). The Right Wing attempts to paint Hitler as a “leftist” flies in the face of all Historical evidence. The “Night of the Long Knives” was not only a purge of the Leftists in the party but also a campaign of sustained violence and assassination against “Reds”, be they Communists, Socialists or Trade Union leaders. It’s amusing you follow Glenn Beck’s revisionist tripe. Scam Artists always prey upon the ignorant.
Here’s a Quote:
“Most prisoners in the early concentration camps were German Communists, Socialists, Social Democrats, Roma (Gypsies), Jehovah’s Witnesses, homosexuals, and persons accused of “asocial” or socially deviant behavior. These facilities were called “concentration camps” because those imprisoned there were physically “concentrated” in one location.”
Here’s the link:
http://www.ushmm.org/wlc/en/article.php?ModuleId=10005144
The quote is from the United States Holocaust Memorial Museum webpage.
it baint going to work, the gold standard is the favourite monetary fraud of tyrants throughout history
Pro-Palestine Activist Makes Citizen’s Arrest on Tony Blair in Eason’s as over 1,000 protest outside
http://www.indymedia.ie/article/97572
I see her all the time at the marches in Cork – fair play to her
Thanks.
Good interview Max and John.
Very clear and informative.
It’s great when I understand what they are talking about on the edge, fab show, gold and silver……
nice interview. well done..pg
Gang of two Mike. Hey Mike 10,000$ to 20,000$ an ounce of gold and the bond market is going to get killed. It’s the only show that you can understand how crazy things are. It’s fantastic how people still don’t get it. The really do not know what’s hanging over their heads. Not even in places like Greece or Ireland. So ? Have the ATM machines exploded at Anglo-Irish bank ?
@M/L – morning, you weren’t in Dublin this weekend, were you?
Morning Gang
Mike
Only 30,000 billion bad loans ? Ah peanuts ! I think at the end it will be 100 trillion. Don’t forget the derivatives.