[1197] The Truth About Markets – 16 April 2011

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55 Responses to [1197] The Truth About Markets – 16 April 2011

  1. @Geek Boy reports of eye witness, mass demomstrations, riot police and tear gas fired in La Paz, Bolivia. Anyone out there with further info, internet is on the blink and I can´t read Spanish too well in the newspapers.

    Has Bernanke just shat all over Bolivia now…..

    Details appreciated.

  2. Charles A. Robinson

    Let them eat condos. (Sigh)
    http://www.youtube.com/watch?v=q7rVT7Bf2Ek

  3. Oh you PM bugs. Gold and silver are “real money” you say but then demand that government recognize them as such thus transforming them into real money!

    That’s pure hypocrisy and a money grab too. You complain about the government stealing from you but then seek to use the government to steal from others.

    It’s sick. A whole greedy industry is dedicated to silver and gold as money. Waiting just like vultures to pick up assets on the cheap and to have their favorite shiny metals privileged by government as money.

  4. One bum has arrived broken from ballet class and is going to listen to this TAM in a hot, very hot steaming bath. Ultimate luxury. But bum needs to do something to deserve this!

  5. ZORRO LONDON

    Off topic here, but heres a clip discussing the possibility of food riots in the USA.

    Wont be just in the USA!

    Its from January when the oil price was much lower and the dollar had that little bit more value.

    http://www.youtube.com/watch?v=9wt7YcfG93Y&feature=related

    Gerald Celente whose way ahead of the game and is sadly right on pretty much everything…..is forecasting that the evenys we are seeing develop will inevitably lead to WWIII.

    Gerald whose usually very animated, is now begining to loose his rag with the sheeple, as hes rightfully scared, as we should all be.

    Whats to do?…..the general public in the 1st world are nicely anaesthetised by the propaganda of the out and out deceitful corporate media and feeling powerless.

    Unless we think of something and become pro-active in some way we, our families and friends are all in very serious trouble………………………..Z

  6. @Geek Boy – http://www.bbc.co.uk/news/world-latin-america-13099827

    Teachers and health workers are on strike to demand a 15% pay increase.

    The unrest is the worst yet faced by President Evo Morales, who once led similar protests that forced two previous presidents from power.

    There have also been street protests and road blockades in cities across Bolivia, including Cochabamba, Santa Cruz and Tarija.

    The biggest clashes happened 45km south of La Paz, Bolivia’s main city, where around 2,000 rural teachers used rocks to block the main road to the rest of the country.

    Several people were reported injured as riot police moved in to reopen the road.

    The protests are being led by Bolivia’s main trade union federation, the COB, which is demanding a 15% pay rise for all workers.

  7. please watch this !!!

    silverfuturist and Chris (weekly telegram) + Mike Maloney all in one video !!!! :-)

    TheWeekleyTelegram and MIKE MALONEY on Wall Street
    http://www.youtube.com/watch?v=oqJXPkZ8rGs

  8. IT WASNT THAT LONG AGO THAT THEY THE EXPERTS DISMISSED INFLATION NOW AMERICANS RUN OUT OF FUEL SEARCHING FOR GUESS WHAT CHEAP FUEL , Inflation is now a USA fact of life , Hyperinflation is impossible to predict but it has to start with inflation which they have in spades , Debasement of the currency Yes , Political turmoil Yes , Printing Money that costs more than its face value Yes , Collapsing ecomony Yes , Food inflation Yes , Example is Gold Silver Copper etc etc increasing in value or is the dollar decreasing to buy the same amount , Its a mess and no one can do anything about it except try to save there own skin & preserve some wealth , only a lunatic would do that by investing in the dollar or anything to do with it that is non physical and non moveable , which leaves you buying food & something to preserve your wealth to buy food .If i am wrong ok but food stamps are now a normal way of life for millions of u.s ctizens who can no longer afford to buy food due to inflation and systematic devaluation of the currecy .

  9. ZORRO LONDON

    Max good radio show. Just a few things

    As far as the Goldman Sachs guy being friendly to you, plese remember the old saying, keep your friends close and your enemies closer still.

    With regard to the differing reactions of people on the show, dependant on their age, perhaps its as simple as this.

    The 20 somethings have in relative terms bugger all in terms of investments or assets. Many still live at home with their parents, so although their overall future outlook is bleak if not hopless (and live in the now), they are to some degree, insulated and not in as much touch with the harsh reality of the consequences of financial rape, ergo…they are not baying for blood.

    Conversely, the 40+ somethings are seeing everything being stripped from them.

    Their: jobs, their job prospects, their social services, their pensions, the property and savings go down the drain, high food, oil and general commodity inflation, and no doubt their wives are beating them up verbally for stuff they have no control over.

    Nope…I’m very happily single, but I know how the facts of life go in marriages under financial strain.

    Hence, why the over 40s would gladly cheer if not assist in executions be they the corrupt financiers and corrupt institutions, as well as of course the politicians………….Z

  10. @ZORRO RONDON

    herro hope good day

    ah, I rememeber de singre rife …. was super…. noodle rovers everywhere. it a good time.

  11. thankx … very good information!!

  12. Steve/NotLiverpool

    @Max and Stacy

    Another good show. Very bullish for silver!

    Here’s a fucking fact for you. Silver is still dirt cheap, imho, and I do really mean fucking dirt cheap.

    Check this comparison.

    Silver is currently 0.85GBP a gram.

    Medium grade weed is currently 10.00GBP a gram in the UK, and has been for some time.,

    Silver = limited supply.

    Weed = Unlimited supply.

    SILVER IS CHEAP. FUCKING BUY, BUY, BUY.

    PS Max \ Stacy, any news yet on the Amsterdam date?

  13. where is a good place to buy silver in the UK ? for physical delivery price etc ?

    good show Max and Stacey, you pretty much went over the points I wanted to ask in respect of the outlook in the UK (everyone seems to concentrate on the PIGS , the Euro and the USA( for obvious reasons)

    one question though

    if there is a limited supply of gold and silver then there is only so much that can go around as a store of wealth

    where does the rest of the money chasing a store of wealth go to ?

    given that if the currency does collapse , there must be a drop in prices once the hyper infaltion takes place, if a lot of people cant for instance afford £10 per litre petrol (you say the market will find its own level) then surely in the short term anyone with oil shares will get burned if the value of oil drops due to lack of demand or less demand?

    other commodities if everyone else piles in there ie corn, sugar, wheat etc again if no one has any fiat money of value there must be a pressure on those prices dropping too from their highs in order that the bulk of the population can affored in some way to buy them

    I guess the point im making is there will be a lot of people who through no fault of their own and going to suffer

  14. @stacyherbert & @Geek Boy

    Everyone in S.A. knows that prices and taxes are going up, supply is going to go down, so are wages that will also be “frozen”, and public services and “entitlements” are already even more tattered than before – all fast on the path to full-metal-jacket “austerity”.

    The unions – and all other interest groups – are racing, jockeying for position, before the full crackdown occurs with the attendant lockdown.

    It’s a very small, very tattered roulette table being jostled by too many people trying to place a claim before the impending call of “rien ne và plus!”. In the end, the usual gang hustling the House will probably come through, after stampeding something through the room or faking a bust.

  15. Oh. By the way. Cost of credit credit has suddenly gone up much more steeply than usual. Businesses are busy hiking consumer prices as I type. Local South American gov bonds are now an even nicer way of robbing the locals. Then cash in and discreetly send some undeclared silver or semi-precious stones on the way out. Don’t forget to claim a refund for loss on the forex exchange.

  16. fionnsdragon

    max and stacy
    dublin was great. max you gotta keep doing stand up eco education. people laugh,listen and get the picture. your a leveraged bill hicks. love yaz

  17. Interesting bit about the 2 different audiences. About the TV “audience”, I never felt comfortable with the acting-role of that choreographed “actor”, too fake like a pre-set grin and not really acting. Regular audiences yes have a real dynamics, (never the same), and that dynamics truly is acting, so a real audience is indeed an actor [a co-actor]. TV “audiences”… imposture?

    Stacey and Max, your shows are fantastic. I could never imagine I would be prompted by you to think of this [above] topic.

  18. OK. I finished the show.

    So 20-30% of stock mark valuation will be for shiny metal companies? Good! I’m relieved. We wouldn’t want those resources wasted on medical technology or anything else that might make life better. No, it’s better to damaged the environment digging up shiny metals so they can be reburied in bank vaults!

  19. @Max

    Other technique is the Straw Man http://en.wikipedia.org/wiki/Straw_man

  20. Jerry Seinfeld introduces Max Keiser at Comic Strip 1978 http://youtu.be/ShsXiZlMAKw

    MAX KEISER LIVE IN THE GRAND SOCIAL IN DUBLIN 13/04/2011 PT.1 http://youtu.be/ux78tt1Ans8

    MAX KEISER LIVE IN THE GRAND SOCIAL IN DUBLIN 13/04/2011 PT.2 http://youtu.be/ZI_zBlzmAQ8

    MAX KEISER LIVE IN THE GRAND SOCIAL IN DUBLIN 13/04/2011 PT.3 http://youtu.be/pN2CuXiWVkE

  21. No Youri, it’s called “The Truth about Money”.

    And what is the logical fallacy called where you say someone’s arguments are logical fallacies but they are not?

    Anyway you look at it, PMs are worse than ridiculous as money. Hey, but keep thinking they are the solution when genuine reform is, why don’t you?

  22. @F. Beard

    The truth about money is that it is laughable ….money is a laughing stock. even stock is a laughing stock…… so that’s what we do ;)

  23. @ Youri re; Straw man, you just touched an important topic. I have reasons to suspect that this type of argument is used as reasoning in “scientific” circles with a lot of responsibility in the pharmaceutical industry. Alas. And I hope it is not actually done on purpose and with training, however I fear it might be.

  24. The truth about money is that it is laughable ….money is a laughing stock. Youri

    Yep, but it need not be so.

    But keep worshiping golden and silver idols and see if they can save you. They can’t. I present a money concept from the Savior Himself (Matthew 22:16-22) and it is scoffed at.

  25. Beardo, if I spend a week studying Wagner’s Ring within the next three months, it’s your fault. It was not in the plans and the plans can’t afford it. But it might very well happen — and it’s your fault.

  26. @F. Beard – “And what is the logical fallacy called where you say someone’s arguments are logical fallacies but they are not?”

    Donnow… I would call it Illogical but I quess you’re lookin for the Latin term.

    Maybe it’s in this nice argument technique list? http://www.theskepticsguide.org/resources/logicalfallacies.aspx

  27. if I spend a week studying Wagner’s Ring within the next three months, it’s your fault. Luzazul

    Speaking of gold, I saw a Christmas mass on TV showing baby Jesus with a golden diaper. Just one of the many ways we are indoctrinated with the gold theme.

    ‘I will shake all the nations; and they will come with the wealth of all nations, and I will fill this house with glory,’ says the LORD of hosts.

    ‘The silver is Mine and the gold is Mine,’ declares the LORD of hosts. Haggai 2:7-9 (New American Standard Bible)

    It looks like something other than silver and gold will be used during the Millennium.

  28. Max, have you seen this: http://theautomaticearth.blogspot.com/2011/04/april-15-2011-our-prosperity-is-owed.html

    BTW – I don’t see hyperinflation. I see a very Great Depression. And any inflation happening now, is because of Peak Oil / Peak everything – which will turn into a very Great Depression. And you know this.

    I think you doing a lot of good, but at the same time I think you have an agenda. Just saying … I would have more respect for you, if you removed all the ads on your site for PMs. For a start.

  29. @F. Beard

    We’re not worshipping silver and gold we’re merely aplauding the downfall of the corrupt banking system when silver and gold goes up. This is often misunderstood.

    I’ve bin on Patmos were the new testament was written :) Met a priest there specialist in the new testament and a Nordic guy who was chipped by aliens.

  30. We’re not worshipping silver and gold we’re merely aplauding the downfall of the corrupt banking system when silver and gold goes up. Youri

    You could do that with any commodity. Nope, you’re being disingenuous.

    Max is making the rich banking families and royalty richer by pumping the price of gold.

  31. Max, you need to have JHK back on to set you straight about the CA tar sands, and when the ice melts. Peak Oil buddy!

  32. @F. Beard

    Yeah, we’re pump and dumperz Lulz

    Gold and Silver in Bible Prophecy http://www.bibleprophesy.org/goldsilver.htm

    In the tribulation, many (not all) of those possessing gold and silver, who refuse to accept the mark of the beast, will be hunted down and beheaded.

  33. @F. Beard

    So what about this: “The silver is mine and the gold is mine,’ declares the LORD Almighty.” http://bible.cc/haggai/2-8.htm

  34. “Finally, for the survivors of the tribulation, with the return of Jesus after the tribulation, gold and silver will be restored as money world wide, in accordance with the economic laws and principles as outlined in the the Hebrew law. (Zech 14:16, Isaiah 2:2-5)” from http://www.bibleprophesy.org/goldsilver.htm

    Bogus! Those prophecies say nothing about silver or gold as money! Furthermore since silver and gold are the Lord’s (Haggai 2:7-9) then how shall they be used as money in the Millennium?

    I suspect that people will be using old paper currency and coins during the Tribulation to escape the “666″ money system which I suspect will be electronic money backed by PMs.

  35. Bible Study : Money http://www.acts17-11.com/money.html

    Rev 3:17-19 (Phi) [Jesus] “While you say, ‘I am rich, I have prospered, and there is nothing that I need,’ you have no eyes to see that you are wretched, pitiable, poverty-stricken, blind and naked. My advice to you is to buy from me that gold which is refined in the furnace so that you may be rich, and white garments to wear so that you may hide the shame of your nakedness, and salve to put on your eyes to make you see. All those whom I love I correct and discipline. Therefore, shake off your complacency and repent.”

  36. @Youri,

    I trust you understand that the Lord was speaking figuratively about gold?

    Plus gold as a commodity and gold as money are two distinct things. Gold as money is silly.

  37. Actually, gold as money is only silly as a purely private money form. If gold is recognized by government as money, then it is both silly AND fascist.

  38. @F. Beard

    What the Bible Says About: Gold? http://wbsa.logos.com/article/3271

    Bible doesn’t say anything negative about Silver and Gold only that you can’t value it above other things like love and health which is a no brainer.

  39. @F. Beard

    BS! In the time of Jesus Gold was THE MONEY

    Gold has retained this purchasing power over even longer periods. It is thought that an ounce of gold bought 350 loaves in the time of Nebuchadnezzar, the king of Babylon who died in 562BC. An ounce of gold still buys roughly 350 ordinary sliced loaves today, showing that over 2,500 years gold has proved a very effective hedge against inflation, at least when it comes to everyday essentials. http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8334952/Gold-the-ultimate-inflation-hedge.html

    The economic downturn and the Bible http://christianpf.com/economic-downturn-bible/ The rich rule over the poor, and the borrower is servant to the lender. (Proverbs 22:7)

    That’ s what Max always says so … notin changed realy.

    Where does gold get its value? It comes from God. In the book of Genesis God said that gold was very good. Genesis 1:31, And God saw every thing that he had made, and, behold, it was very good.

    To take the extreme pro-gold bible view http://mcdonoughinfo.com/durableriches/powerofgold.html

    The time line above shows that gold is indeed to be considered durable riches. We see how it has passed the test of time and how it is handed forward generation to generation.

  40. @@F. Beard

    Donnow which church you from but you better get out of there …. it’s kill’n ya. Better have a direct relation with God without some pias telling ya what to think.

    How do YOU use the wisdom of the Bible to protect yourself financially http://christianpf.com/economic-downturn-bible/

    1. Invest in precious metals.

    While the US dollar has been strengthening for much of 2008, US government expenditures are still increasing at a time when the tax base is diminishing — which increases the likelihood that
    the US government will need to print more money to finance its obligations. Currency devaluation will be the scenario in such a case. Historically, precious metals — particularly gold and silver — have
    served as effective ways to hedge against significant currency devaluation.
    2. Get out of debt.

    Getting out of debt is easier said than done, of course, but the Bible’s wisdom remains true: the borrower remains servant to the lender, and thus true freedom requires being free of debt.

  41. It is thought that an ounce of gold bought 350 loaves in the time of Nebuchadnezzar, the king of Babylon who died in 562BC. An ounce of gold still buys roughly 350 ordinary sliced loaves today, showing that over 2,500 years gold has proved a very effective hedge against inflation, at least when it comes to everyday essentials. Youri

    Let’s see. 2500 years @ just 0.5% real interest compounded annually = an increase of 260,108. That would be 91 MILLION loaves of bread at just 0.5% real interest.

    Gold is a lousy investment.

    And if you say gold is money and is not supposed to appreciate in value then that just means that gold requires usury to generate a return. But usury is forbidden between fellow countrymen in Deuteronomy 23:19-20 .

  42. Oh no!, a Bible Study Group!, and no sign of Wagner’s Ring Libretto!!! I’m either joining a musicological society asap, or better yet, run towards some romantic pop Italians:

    http://www.youtube.com/watch?feature=player_embedded&v=1CydZtP_XlA#at=28

  43. Donnow which church you from but you better get out of there …. it’s kill’n ya. Youri

    No. The usury crowd is killing the churches and PMs REQUIRE usury to generate a return.

  44. Courage and Bravery

    Queensland flooding caused by AGW DAM controllers in love with their FAITH, Who Knew AGW was a sickness.

  45. Who Knew AGW was a sickness. Courage and Bravery

    I have. Ever since CO2 was declared a pollutant. People are afraid of their own breath.

  46. @F. Beard

    Think is a good thing we took on the bible – gold discussion cause the bible is an important part of Western cultural history even for people who are not into religion so much anymore.

    People who think there’s notin out there (in the after life) maybe this could change their minds Amazing. Boy Remembers Past Life http://www.worldstarhiphop.com/videos/video.php?v=wshhEt1l6L5nbqDXklJM

  47. Max, there’s a great band I know in Amsterdam called The Outsiders. Maybe they’d play at your gig. Ron Splinter is on Facebook.
    Here’s a clip you can see if you like it.
    http://www.youtube.com/watch?v=1QWDh_8cVQY&feature=related

  48. quick note: I went to the inflation calculator and did a comparison of $50 in 1987 (RE: Hunt Bros) and compared it to $50 in 2011.

    What I got was $98.36.

    The way I figure it we haven’t actually hit the Hunt Bros $50 worth of silver yet.

    Course no one can predict the future, but if the Hunt Bros were crushed at $50 in 1987 then we shouldn’t hit that “fear” mark until silver hits $100

    what do you think folks?

  49. Thanks Max and Stacy for bringing the FT deck to the gathering. I hope people enjoyed them and at least got a chuckle, but most of all I hope they will visit the site and get involved in the on going project.

    I know there’s a growing concern to right regulations and stop the theft, but without justice for these crooks; pointing the finger at those responsible and their utter failures (at best), we can’t get it right.

    How many more times will we be doomed to repeat history?

    Also, those who enjoyed the cards may want to visit ‘how to play the game’ sections and also thank Max and Stacy and David DeGraw without whom they wouldn’t have even come about.

    If all goes well I hope to be working on series II over the summer…
    If all goes well…

    One last note I don’t make much off the decks, I’ve given quite a few away to help educate the public, but what little money they do generate I put towards helping Crash JP Morgan. So rest assured when you buy a deck your helping to create a better educated and more just public and more silver bugs. Onward!

  50. hooray for spring break!

    RE: Money as responsibility – especially great wealth.

    seems to me we need to find as many ways possible to push these very wealthy folks to a place or state that allows or forces them to say, “maintaining this great wealthy just isn’t worth it!”

    Plenty of ideas out there:
    Crashing JPM is one.
    I’ve gotten some great reports from people in Wisconsin who are now boycotting businesses that supported Walker. i.e. Kohler and Menards.
    There was also the boycotting of sponsors of Glenn Beck; that worked very well.

    Would be great if someone developed a website and ap that allowed people to see products or stores that should be boycotted or avoid doing business with when possible. One that has a DHS like color code rating.

    The right is always saying if you don’t want to support a business then vote with your dollars – well…

    course they then complain when people actually do something like Stephen Lerner’s plan to take down the stock market.

    Imagine the power of one lone union official?
    Course there was Rosa Parks…

  51. Sacramento Joe

    @Max and Stacy,

    Thanks for touching on Australian real estate and currency issues….dead on….I agree that the RBA will chase the real estate valuations down with lower interest rates to no avail……there are cracks in the AUD and the party is over. And, by the way, there are the equivalent of sub-prime borrowers ALL OVER this country. Hardly anyone is buying down the principle on their mortgage loans. Say hi to Steve!

    Cheers,

    Joe (in Melbourne)

  52. @F. Beard

    I disagree with you that Max is making rich families wealthier. I see what Max is doing, he’s using their own tools to pull their pants down.

    It’s a wrapped gift, but to see the goodies first you have to tear the paper off, then open the box.

    Let me use the Pandora metaphor here. Once you open the box all the evil demons are set free; exposed to the light of day and we all know what happens once Pandora realized what she has done and what she was left with. That’s where you come in.

    Are you up for the challenge?
    or do you have a better idea?