Stacy Summary: Debate on the economy on Peter Lavelle’s Crosstalk with William Engdahl, Peter Cohan & Martin Hennecke.
  |
 |
 |
-
ref. max keiser & Get 6 mo’s free storage
-
-
Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
Most recent: 
@kitty
I live near you – I see all the empty office blocks in Croydon – I’ve been looking for a studio there for years but the rents are outrageous, and the landlords prefer to keep them empty rather than accept lower rent. Sad I know a lot of young people who say they think they will never be able to afford a house, though this whole property ladder is crazy and so uniquely british I think. How are the banks keeping property prices high, dont understand this. I agree house prices around here are probably double what they should be, rents probably even more so. People still feel wealthy when they think of their house price going up – and prices are still going up, though I’m sure this is going to stop soon. What would happen if the govt taxed 2nd homes and buy2lets?
@Peter Cohen – here’s one example of what happens with American technology:
Clean Energy Entrepreneurs Face More Obstacles in U.S.
http://www.nytimes.com/2010/09/09/business/global/09tradeside.html
“Chuck Provini, chief executive of Natcore Technology … fumes at strangers who call him a traitor for agreeing to manufacture in Zhuzhou, China, a new solar panel production device that his company developed in the United States.”
This debate was no contest. It is probably getting difficult to find American pollyannaism these days. The panel is stacked against the American economy. Peter Cohan appears more like a straw man rather than a serious counter-point to the questions posed. He wasn’t addressing the endemic sickness in the economy. He seemed more focused on his particular capital schemes for use of technology.
The computer and internet didn’t emerge suddenly, it took several decades for the technology to come out. He made dubious reference to a new technology to improve business productivity around the globe. We don’t need corporations that are more efficient at destroying the planet and the ones that are global would just destroy the U.S. even faster with more efficient models. I’m not against technology but efficiency often equates to fewer people doing the same job or requires lower skilled people. Peter Cohan says that corporations have stashed $1.84T in cash. Even corporations don’t trust the stock market. The technological snake oil is no solution to rotten business models that care nothing for living systems.
Here is Lawrence Kotlikoff’s perspective referenced by Martin Hennecke:
U.S. Is Bankrupt and We Don’t Even Know It: Laurence Kotlikoff
http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html
Child birth is at an all time low, which shows that America is probably NOT optimistic as Peter Cohan says:
U.S. Birth Rate Sets Record, Hits Lowest Level In A Century
http://www.huffingtonpost.com/2010/08/27/us-birth-rate-sets-record_n_697131.html
One token American stooge on the panel.
How times have changed.
Why a US entrepreneur chose to make a new solar device in china
http://www.nytimes.com/2010/09/09/business/global/09tradeside.html
So what does it matter even if one of our own has the idea…
I may need new glasses.. but it looked like little rats running all over the WLU.
Peter Cohan just doesn’t get it, he’s clueless and the more people I talk to here in the DC area are just as naive and he is.
As things continue to get worse and the economy tanks the Administration blames Bush and tries, like Peter, to put lipstick on the this pig.
Personally silver is the only way to go, I’m not rich enough to buy gold and when TSHTF silver will be much easier to break up when buying food and shelter!
Americans won’t wake up until the dominoes start to fall on their face!
US pollution is no human error.
It’s terror.
The Great Extraction:
http://OilCoalGas.worltd.com
http://bit.ly/greatcoaldebate
I have to agree with F. Beard on this one to a certain extent.
If we follow the advise of the 2 negative guys it will be self fulfilling prophecy.
But one statement made with the negative guy – “we are outsourcing our brains” should be “we are letting the right do our thinking for us” which by definition means that you are not thinking at all.
From Bloomberg: “For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven.”
Hey F Beard. You are indeed in Greece. I’d say you are in freakin USSR under Staline !
@daddy warbucks
A stupid idiot that has a big job. Thes s.o.b. do not live in the real world. It’s very funny hearing again the internet mantra and new tech mantra when you all your industry is being closed. Same type of asshole as Krugman.
Peter Cohan, typical of a northeastern USA idiot liberal, same type that kept Senators Dodd and Franks in office for decades and voted for Obama and continues to believe in hope and change (as the shackles are clapped around his ankles). Typical of the many of thousands of progressive intellectuals that have been marched up against a wall and shot once the people they worked so hard to put in power ‘are’ in power.
Bye the way, did you see that photo of ObaMAO on a bicycle (google it: Drudge photo of Obama on Bicycle), I’ll bet every world leader now has it hanging in their offices for laughs. It reminds me of PEE WEE Herman’s Great Adventure (also looks like he has to go pee pee)
‘Pee Pee Obummer’s Great Adventure on Martha’s Vinyard’?
Here is the real bubble. Sovereign debts. Incredible. The assholes are in reality receiving negative interest rates ! Lending your money to lovin gangsters goverments to be paid a NEGATIVE interest rate. Lending money to governments so they can give to bankers and their bonuses. It’s surrealist. People love slavery.
http://market-ticker.org/akcs-www?post=166245
@Marc Authier
It’s not about testing the banks vulnerability, it is for the average citizen to discover they really don’t have money or metal, and let the chaos begin. I don’t know about EU but in many places in the US nothing short of a large scale military intervention would stop the choas. Which again, is where to go, to open more eyes.
@F Beard
You didn’t listen the TV show ? USA has outsourced EVERYTHING. The industry and the brains. EVRYTHING. You are not in 1930. It’s even worse than that.
@David
Sent back my Citibank credit card with a nice word that I don’t do business with a bankrupt bank. You have to choose the most vulnerable of them and pounce on it.
How about promoting a “Run on the Banks Day” like in Kabul. All Westerners go to the banks and pull out all cash and demand delivery of physical metals.
@AgAuPm
Total silence in Canada in ordinaty media. Personnally I prefer it like that. TV people are bastards and their viewers retards.When people watching TV get in a market, this mass of TV watching shit creates total chaos. I love this steady and regular increase and this TV blackout is very good news. It’s the best news having no TV clown talking about it Know what the average TV watching slob is buying ? 0% treasuty bonds and junk bonds.
.
http://www.zerohedge.com/article/retail-capitulation-stock-outflows-surge-just-under-10-billion-18th-consecutive-week-record-
Record retail outflow out of stocks. Next it will be bonds. Next we burn the furniture to heat ourselves this winter and eat the dog and the cat.
Enjoy F, Beard. You are much more greek than you think.
No matter that news of buying physical silver and gold comes from Asia and Europe, almost no such news from US.
Price of silver jumps 11% in last 2 weeks and again no recommendation on mainstream media to buy physical silver – just maybe paper silver derivative like SLV that is not backed by physical silver (not even GLD director owns any shares but physical).
A smart analyst that care about US nation purchasing power would recommend general public to invest in physical precious metals and at least keep purchasing power with increasing prices of food.
But such thing you don’t hear in US media.
@F Beard
Americans are still living in 1945. So are foreign investors.
@F. Beard
The rude guy was not rude. It’s true that TV journalists are biaised in the USA. There is always no problems and it’s a recession. They ‘rude’ guy was tired of hearing the usual bullshit that USA is safe heaven. It’s not and the foreingners that still don’t get it are godamn asholes. Yeah safe heaven like the DOW and the S & P or the NASDAQ. Giving you money away at 0% to a bunch of godamn murderous paychopaths is not safe heaven buying. It’s just that the world is filled with assholes. Reminds me of the Russians and the Chineese lending a cool half a trillion from their central banks to Fannie and Freddie while they could have so much with the money at home. No. There is no logic and foreign investors, are just dirty dumb scum. You are just lucky F. Beard to have so many stupid foreign assholes like China, Russai and the Arabs.
@F. Beard
It’s true. What’s to fear indeed when you have a spiritual view of life. Much more precious that an ounce of gold or a nuke. I fully agree. But hey. People are still scared of dying and terribly materialistic specially in USA and the West. Spirituality has more good to it than bad.
(having a pretty face does not mean you have anything better than rocks in the cranial cavity) Karl Denninger
Well, Karl has good taste! And Erin has a dang fine brain too and a sweet personality. I’m in love.
The rude guy lost the debate and the other guy won.
As for Karl Denninger, he defends fractional reserve lending so of course he is a little nuts.
@F Beard
Don’t believe me. Youre more greek than you think. Watch this F. Beard. Duping Americans and duping the rest of the world. But not for long. Junk credit is junk credit event if it’s english speaking. Quite clear.
http://market-ticker.org/akcs-www?post=166212
The military establishment has a lot of weapons and can kill you. Marc
One advantage of fearing God is that one need not fear anyone else.
@Marc,
The US has serious problems, true. But we could turn it around if we would adopt true free market capitalism starting with money creation. What we need is a bailout of the population followed by monetary reform.
@F. Beard
You are still in Greece. Remember the nature of the greek problem. A lot of debt and no industry. I would say the situation is even worse that the 1930.
Looking at Detroit and many of the US hell holes I think you are still living in 1945.
@F. Beard
The military establishment has a lot of weapons and can kill you. They did it on 911. They are the government. The people counts for nothing. In most coutries F. Beard the military are the COUNTRY and the GOVERNMENT. In most countries if you are not a military you ar nothing.
USA is already Pentagon runned F. Beard. Try to go against the Pentagon one minute. You will be killed like Kennedy was killed by these murderers. You are quite naive about the nature of your country.
@marc
Yes, if I can keep my audience long enough, being able to round the vicious circle with, “so the banks are keeping property off the market and it’s your taxes keeping the banks in business” ain’t a bad punch line.
But I usually have to keep a sharp lookout as their eyes start to glaze over.
What I am talking about is keeping the memes to logical bite size chunks to kind of spoon feed them into the consensus. Letting people then join up the dots themselves.
You are in Greece Marc Authier
Defeatist talk! The elites wish to protect their purchasing power acquired via fractional reserve credit creation (theft) by preventing new money creation. They thus try to create the impression that the US has a sovereign debt problem. That’s bogus but if they want to believe that then let the US Treasury create some new, debt-free legal tender fiat (United States Notes) to bailout the US population.
Ellen Brown mentions United States Notes in this article:
http://webofdebt.wordpress.com/2010/09/08/time-for-helicopter-ben-to-drop-some-money-on-main-street/
@F. Beard
Read the article below your comment that you are not Greece. Yes you are F. Beard when 44% of Americah see their families slipping into bankruptcy means that the evil empire is not above Greece.
I have the same problem here in Canada. Godamn Canadian assholes. They really think that what’s going on in USA , in Greece or Ireland cannot happen here. People here are absolutely oblivious to what is going on in USA or Europe. I just could puke. You can’t even speak to them because they simply don’t what you are talking about. And the jerks keep on buying real estate like there is no tomorrow.
You are in Greece F. Beard.
http://globaleconomicanalysis.blogspot.com/
44% of Americans see their family slipping into bankruptcy. Quite clear. This empire is pure evil.
Good morning Stacy.
More bogus talk about the national debt. As a sovereign issuer of currency, the US can always pay debt denominated in that currency. We are not Greece or Ireland whose debt is denominated in Euros that they can’t create.
As for the military, they had best shut up about the national debt. The military exists for the US not vice versa.
@ Daruka
lol…something will work, some contraption will take the world by storm and we will make trillions, 100s of trillions.
see: you just have to have sufficient enough of an imagination.
imagine it…and it will grow!
@Geek
And next quearter Anglo-Irish-Toxic will announce another 8 billion euros loss.
Your politicians are one fine bunch of terrorists. See nothing, hear nothing, say nothing. You see. To ruin a country you don’t need a couple of nukes. Just a couple of gofamn Nazia politicians wth Nazis banksters will do the trick.
You have to Anglo-Irish-Toxic as home grown terrorists organization like the irish governmen.
Peter Cohan has a great way to boost the economy with the new Pocket Fisherman 2.0, also the new hi speed convection waffle iron, hair dryer combination.
@Kitty
The properties are being kept off the market with your taxes !
@Marc
yes, i forgot that: we need to export our inflation…and our elites. when we have inflated the dollars around the world, our elites will get it in the teeth as everyone gets really pissed (the elites don’t just live here, they’re globalists). see there: we kill (literally) 2 birds with 1 printing press.
(being a little whimsical on this one)
@NicAbbo77
I have been trying out the meme that starting a small business would be possible if commercial property prices (and I mean their rental) drops. I can add that they are being kept off the market by the banks. I can make my argument by pointing to all the empty buildings. I am based in Croydon (the Dallas of the South with all it’s office blocks). I then say that houses prices are double their value and those people who won’t admit this (because they have bought in the boom and tied to their mortgage) are trying to maintain rent values which makes it hard for the unemployed to work for a competitive (for manufacturers etc) wage. So we are going to watch the country stagnate to keep rents high. I can add those who are buying the home they are in should expect at the end of the day to have a property (I don’t project into a future where they discover the rents around them are now a cheaper option – they would not like to envisage that!)
The situation is getting to a point people hear the logic. Some think lower house prices would be good because then young people can get on the ladder but I have to then explain that isn’t really the point (and that thinking was perhaps the problem but I have to be carefull not to be too ‘all knowing’ and keep that bit to myself – a concept too far!)
The point being, yes people are starting to notice that perhaps they have had their noses pushed into the BS trough for a very long time.
The only trick is one has to get over a message in a way that they think they have discovered it themselves.
@InTheEndWeAreAllDamned
It’s already the case. You can inflate to hell if you want but there is a problem here. Our godman deep asshole elites have all transferred the industry in China. And It won’t be back soon.
Okay, here’s the solution guys: without getting into it technically, we need to inflate the currency like hell. i know it seems counterintuitive. but we have to do it, it is the only real weapon that we have. otherwise we are going to hobble along until something catches us (interest rates go up, chinese consumer economy burgeons, alternate reserve currency ensues…). we inflate “like hell” to take everyone else down with us, rather than go down alone, while the world (Asia, in particular) advances forward. if we all go down, the US will probably stay on top, i suspect….if we do it early than later. we have to export our inflation that we had been so good at all these decades.
There was no double dip since the beginning. It’s the same dip. Godamn criminals.
MIT demographics, int’l: undergrad 9.2%, grad 44%
(wasn’t answered in the interview)
Fantasyland thinking from the guy in Boston.
When America sneezes the whole world catches a cold.
I hope not.
Technologically, we developed a giant advantage and a large gap, respective to other players, other potential competitors, competing economies. AND we threw it all away by reinstituting the production in another country, where the technology innovation becomes complementary to the production process. AS all our problems, short-termism; it was a major character defect in the USA psyche. how did we become so sick and stupid?
“i want to see a new productive capacitance, like the internet, like…” – yeah, good luck with that!
“any letter you would choose?” – how about “F” – a big fat F!
Been Harpin about Ancient Nuke wars fer a year here and fer 2 or 3 years wit me friends
lololololol
ROFL
Hic
Baalbeck Ruins !!!!!!!!!!!!!!!
Very interesting article, thanks for publishing. In the UK a surprising number of people now seem to understand the gravity of the situation already. It is possible to talk about this stuff openly now without being laughed at any more.
Morning Gang
@ stacy
Did You follow my Giza Links ???
If not ya hafta see Tis
http://www.gizamap.com/sub/movies/en/01_chicago/index.html
Free Energy = Free Life.
@Stacy
there was a tank there for months…lol? of course, everyone submitted…it is the sun and the beach, “whoa, gnarly..tanks, best to go hang 10 today!”
“partially” — bc the guy had (a) wielding knife at multiple people, (b) supposedly went at the officers with it, (c) the knife already had blood on it, (d) the officer was on bike and only had a gun (not baton etc).
but i am with you re police! i want to see fewer, not more. if someone can argue for more police then i say, we need to fix whatever is causing that demand. correct the demand not the supply. fix whatever incentivizes criminality.
on the other hand, immigrants are getting pretty pissed in this country! reconquista!
The Peak Oil Song
http://www.youtube.com/watch?v=BK_Dj3rJiV4&feature=player_embedded
It is a class to die for – Zombie studies is now on the curriculum at the University of Baltimore.
The new course, which promises to “get you ready for a zombie apocalypse”, invites students to devour classic zombie films and comics.
http://www.bbc.co.uk/news/world-us-canada-11219411
Saw this yesterday. Martin Hennecke seems to be on the ball. When Peter Cohan speaks, you can see the other panelists smirking and laughing – clearly, as we’ve said before, the Americans within America will be the last to know what’s happening.
Now, onto news from the gulag….
Anglo told it will never lend another penny
http://www.independent.ie/business/irish/anglo-told-it-will-never-lend-another-penny-2331116.html
the Government last night admitted it did not know how long it would take to wind down Anglo, or how much it was going to cost taxpayers.
Sounds like a plan eh?…..
“deindustrialization”
how stupid, we are. we go to all the work of creating jobs and then we send the jobs overseas. how did we not understand the importance of jobs. almost all social ills can be cured with “effective employment:” if there is an abundance of jobs and the jobs are high production, competitiveness is maintained, both individually and societally. there can much discussion regarding this paradigm as the root cause to lead to all ills.
@In the end – once you partially accept police aggression, you’re on the slope to fascism; a guy allegedly carrying a knife doesn’t sound like reason to shoot him dead; re: starting in LA? nah, I doubt it; I’ve been there for the Rodney King riots, we were on lockdown for a long time, there was a tank at the end of my street for two or three months (some sort of Korean consulate was there), people became obedient after two or three days
@Stacy
It might start in LA, “the great unwind.” Immigrants are rioting over police aggression (partially justified). Is this going to the ember to ignite the conflagration?
http://www.latimes.com/news/local/la-me-0909-lapd-shooting-20100909,0,6598413.story
#1