[KR197] Keiser Report – Pirates & Protesters!

Posted on October 15, 2011 by stacyherbert| 260 Comments

We interview Michael W. Hudson.

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260 Responses to [KR197] Keiser Report – Pirates & Protesters!

  1. the gonch | October 15, 2011 at 3:21 pm |

    Preparing for Euro Breakup – conference with MEPs Farage, Bloom and Professors W. Hankel, P. Bagus
    http://www.youtube.com/watch?feature=player_embedded&v=426xE48MSlM#!
    2hrs

  2. Silverwillwin | October 15, 2011 at 3:31 pm |

    Check it out – King Hypocrite/Pirate himself – do you think that he made the $ 2 hundred million honestly that he’s noted as having ?!
    http://www.youtube.com/watch?NR=1&v=t5esYJ6ggnA

  3. Bonn | October 15, 2011 at 3:43 pm |

    http://www.redicecreations.com/radio/2011/10/RIR-111013.php
    Jose Escamilla – The Battle of Los Angeles, The Moon & The Dropas
    the Moon, the Aliens , the free Energy technology ……….

  4. Bonn | October 15, 2011 at 3:58 pm |

    ☀ Moon Rising – (Full Disclosure Version) by Jose Escamilla
    http://www.youtube.com/watch?v=nK-2N4L5rCA
    Lolz
    Hic ;-)

  6. snoop diddy | October 15, 2011 at 5:05 pm |

    Obama – Must be great to be Golfer in Chief and not have to give a shit what goes on in the rest of the country or the rest of the world for that matter.

  7. Alastair Carnegie | October 15, 2011 at 5:14 pm |

    The recent Supreme Court Ruling on “Bad Patents” (remember a patent is invalid from word go, if it is harmful, except to vermin etc. ie. a better mousetrap is valid) However if a patent has passed all examination stages and been granted, the ‘bar’ is set very high to overturn it.
    High Frequency Trading Algorithms are clearly harmful to some, or even the majority, but the vital test is to determine if it was so harmful that the examiners made a mistake when passing it. or that information relating to harm was not submitted with due dilligence. Obviously “Military Patents” have different standards from “Civilian Patents” ….This could be a ‘grey area’ with High Frequency Trading Algorithms, as they probably fall into the “Military Category”, they are as Max so eloquently has said numerous times “Weapons of Mass Financial Destruction”. Economic Warfare was responsible for the victory over the old Soviet Union. and although the main objective was achieved, we should remember that the old Soviet Union was also waging Economic War against the Capitalist West. Mercinary Narcotics Traffic would have been part of this campaign. it’s one of the oldest tactics in the book! get your enemy stoned! or drunk! or both for as long as possible. With the fall of the Soviet Empire, these Black Economics Mercenaries would have a free hand, Professor Loretta Napolioni estimated their Investment Portfolio circa 2000 at over $3.5 trillion. but was probably much larger.

    High Frequency Trading Algorithms are specifically designed to scupper a currency! that is their only purpose! they are indeed a Military Weapon. A Sea Captain in a fierce storm may order that the Sea-Cocks be opened, allowing the ship to sink into sand near the shore. The ship might be lost, but the cargoe saved. and the ship might even be refloated? If the ship is not sinking fast enough he can order the sea-cocks to be smashed! to increase flow. High Frequency Trading Algorithms are the financial equivalent. Like a faucet tap, they can be adjusted to how fast the currency sinks. The Military can not permit criminals to usurp the reigns of Government and Economy, just because they can wave a lot of paper in peoples faces. Sure criminals can change to PMs but gold and silver can be recovered, except after a nuclear detonation. eg. the Sedan Gold Salted Nuclear Test… gold is far worse than Cobalt…quite horrific!

    So yes they are harmful, yes they were known at the start to be harmful, yes the Patent Examiner knew their Military Purpose, so I regret it will probably be very difficult to challenge. Here is the Oct 2010 Microsoft case, Supreme Court Ruling.
    http://www.supremecourt.gov/opinions/10pdf/10-290.pdf

  8. snoop diddy | October 15, 2011 at 5:32 pm |

    Ron Paul Still Ignored – Jon Stewart Daily Show.
    http://www.youtube.com/watch?v=VsvxmVl0Xic

  9. F. Beard | October 15, 2011 at 5:42 pm |

    Must be great to be Golfer in Chief … snoop diddy

    Good one!

  10. alanborky | October 15, 2011 at 5:43 pm |

    Max, normally when there’s any kind of demur between you and Professor Stacy, I tend to defer to Stacy, but on this one I think you’re dead right – the bankers’re guilty as sin.

    The legal but immoral tack’s usually used by lawyers when they want to deflect attention away from the issue of punishment by in effect arguing isn’t the fact they’ve been named and shamed a far worse punishment than ‘merely’ putting them in the electric chair or sending them down for thirty years?

    And I might even agree with such a tack – if these guys weren’t so shameless, we know they’re back at it even as they’re waiting to go to trial.

    They used tax evasion when they couldn’t catch Al Capone while he was at it.

    And since they can’t catch anyone involved in genuine terror plots, they create their own then lure pillocks into them.

    And when they can’t do that they blow them off the planet with drones.

    So why give these guys immunity when we’ve still to learn the full extent of their’ iniquities?

  11. john smith | October 15, 2011 at 5:59 pm |

    Max,
    you have suggested what could be the best next step forward for the occupy movement.

    A team of lawyers and economists must get together to draw up a list of the crimes committed by wall street. It’s all hot air without it.

    Then push for prosecutions.

  12. Silverstreamist | October 15, 2011 at 6:08 pm |

    Pro-Gaddafi demonstrations start in Libya:
    http://www.youtube.com/watch?v=7VPPp-ZzQJU&feature=feedf

  13. I_Cant_Believe_Its_Just_a_Dip | October 15, 2011 at 6:09 pm |

    @alastair carnegie, I wonder what the limits to HFT are (if any), surely the ‘faucet tap’ can be opened much wider. Am willing to bet TBTB have a number of programming tricks up their sleeves that will not be shown unless desperate.There has to be an unstable chaotic area where too much HFT would cause breakdown of the system.

    Max’s early saturday night fever,
    http://www.youtube.com/watch?v=kl-dfV2pA84
    Sheeple sleeple people
    http://www.youtube.com/watch?v=84WQSzbiP84

  14. snoop diddy | October 15, 2011 at 6:18 pm |

    Italian students raid and throw garbage on Goldman Sachs Offices Milan
    http://www.youtube.com/watch?v=yTO4fW4grwU

  17. Mattdog | October 15, 2011 at 6:27 pm |

    So… the bankers have a corned beef sandwich (yum) pointed at Barack’s head?
    That’s got to be a tough predicament! Your show has, I think, increased my I.Q. substantively over the past year and a half. Understanding the intricacies of fraud is very hard for my mind to wrap itself around. Seeing how the repeal of Glass-Steagal allowed big banks to bundle their outstanding derivatives and debt with mutual funds and limited market portfolio company diversification and other nonsense really opened my eyes. Correct me if I’m wrong in this, I don’t mean to confuse. Allowed for a few pieces to fall into place. I had taken a life insurance course with primerica back before the turn of the century ( makes me sound old?) and could not figure out why you could only use a “basket” of certain companies to create a life insurance portfolio within the citigroup core of companies. Didn’t sound too free market to me so I stopped the course. Of course they were the ones teaching me…

  18. karate kid | October 15, 2011 at 6:58 pm |

    http://www.ajc.com/news/cobb/hundreds-lose-food-stamps-1200370.html
    it speaks for itself
    coming to a town near you.

  19. neweveryday | October 15, 2011 at 6:58 pm |

    … Hey Max, you are so angry in this episode!!!

    @john smith

    “you have suggested what could be the best next step forward for the occupy movement.

    A team of lawyers and economists must get together to draw up a list of the crimes committed by wall street. It’s all hot air without it.”

    It’s the only way… The crimes have been perpetrated, but not prosecuted. The Laws exist, but are not enforced. It is the rightful and dutiful prosecution of Law that is lame, limp and shamefully inert in these present times.

    People at large are now beginning to understand this and, while it may be frustrating to part of the ‘wide awake cognoscenti’ ever greater numbers of individuals are becoming educated and are seeking redress.

    The ‘two-party, red and blue’ scam is becoming obsolete and it will be by large groups of currently non-voters, new voters, resigned voters seeking alternative representation that the inert, constipated established order will give way to begin to address the structural ills of the status quo. Max suggested this route:-

    http://www.pirateparty.org.uk/

    There are others, find one, create one, resuscitate a dead one, but do use the vote…

    Sorry if I piss some people off… ‘Foolish consistency is the hobgoblin of little minds’.

    … publish and be damned…

  20. davem | October 15, 2011 at 7:02 pm |

    Just got back from OccupyLSX – managed to avoid getting kettled. Too many police – very intimidating – and they started kettling us after one hour. I saw lots of really upset people, it’s just plain bullying. The action centres around St Pauls – I hear they have put up tents on the steps. I think the Police will shut the whole thing down before midnight. Doesn’t feel like a free country at all.

    Sorry I didn’t on the spot reportage, as it would have been useful, but I don’t have a mobile phone. Though I was interviewed by Press TV on 4pm news, in front of the protest, which was fun.

  24. neweveryday | October 15, 2011 at 7:09 pm |

    @davem

    I am so reluctant to say this, but, should they kettle and clobber the people at St Paul’s, they will have to run all over the country by the middle of next week and everything that happened before will happen again… only worse.

    I hope I am wrong and will every crumb of humble pie, gladly…

    Thanks for the report.

  25. neweveryday | October 15, 2011 at 7:11 pm |

    corection, ‘will eat’
    ps. I love humble pie, was reared on it!

  28. bbob | October 15, 2011 at 7:24 pm |

    great idea , Max !…..linking the Pirate Party around the world to the ” Occupy……. ” movement . I voted for the Pirate Party in our last Federal election here in Nanaimo , British Columbia.
    thanks for all you and Stacy do on the political and economic front !

  30. I_Cant_Believe_Its_Just_a_Dip | October 15, 2011 at 7:38 pm |

    @davem, thought press tv has been forcefully shut down by NWO due to ‘adminstrative problems’

  31. neweveryday | October 15, 2011 at 7:40 pm |

    The restoration of the meaning, the exercise and the operation of the democratic mandate is the most urgent requirement of the moment.

    http://en.wikipedia.org/wiki/Mandate_%28politics%29

    study words, history and oneself…

  32. I_Cant_Believe_Its_Just_a_Dip | October 15, 2011 at 7:42 pm |

    In the UK anyway

  33. davem | October 15, 2011 at 7:43 pm |

    @I_Cant_Believe_Its_Just_a_Dip
    Press TV were – and are – alive and well. There’s talk of their UK programmes being closed down, because of something they said that upset the Royals apparently.

  34. neweveryday | October 15, 2011 at 7:47 pm |

    @F Beard

    … was under the weather and had to catch up on Friday’s musical links. I liked your Holly’s link.

    Here’s one for you, under the law of catching up…

    http://www.youtube.com/watch?v=CV_aYN4PImk&feature=related

    UK ok?

  35. bbob | October 15, 2011 at 8:05 pm |

    Hey Max and Stacy…..How ’bout a follow-up show on the first Bush puppet admin. going after the corruption in the S and L debacle ? ! Why did that admin. decide to prosecute approx. 1500 bankers and this admin. does not ?…..same puppets ……Who were some of the biggies that went down , the sentences received, and where are they now ? ……and then bring on William Black again.

  36. karate kid | October 15, 2011 at 8:37 pm |

    when i heard obama say thier was nothing illegal about the fraud

    all i could think of is the final solution in germany
    were the lawyers got together and made killing jews legal
    under obamas stance killing the jews was perfectly legal thierfore the nazis should never had been prosacuted it was just imorale

    the state is insane i dont need alex jones or anyone else to tell me this
    the comment was insane .

  37. Randyrocker | October 15, 2011 at 8:38 pm |

    The artificial New World Order gangsters and banksters with their straw puppet politicians speaking through their transcript readied TelePrompTers, have created a rebelliously new artificial mob of dissenters, who are being formed by the elite masters of the day, to validate the necessity of having police states across the world to suppress any resistance against the New World Order profiteers. It’s for this reason Barack Obama plays on both sides of the fence, one, because he knows no better and is a brain dead head of state, totally clueless in every regard, or else he’s allowing all manner of ‘Law and Order’ to breakdown, because he either believes the people on the TV show will fix the problem, or because he’s purposefully set out to destroy the United States of America and with it the rest of the world.

  38. Teri Buhl | October 15, 2011 at 8:46 pm |

    It’s good to see Hudson and his non-profit news pub finally writing on the people who tried to whistleblow and were fired or ignored. Of course my readers know a few of these stories allready from my report on what the FDIC did to a high level executive whistleblower after they took over California based- IndyMac.

    http://www.teribuhl.com/2011/02/11/fdic-silenced-whistleblower-in-indymacs-executives-fraud-charges/

    some of the news the FDIC didn’t want the public to know
    http://www.housingwire.com/2008/12/30/fannie-mae-holding-indymac-deal-hostage-sources-say

  39. Renegade Republican | October 15, 2011 at 8:53 pm |

    This MK report is excellent and should be pasted on every blog available.

    Thank you to the Max and Stacy Show.

    Requests for more interviews with:
    Bill Black
    Joe Stiglitz
    Political Candidates: What do they intend to do differently? Max & Stacy should infiltrate the republican debates with these questions. So that the right questions make it onto prime time…

  40. SilverCondom | October 15, 2011 at 9:34 pm |

    Michael W. Hudson: “It’s Obama’s personality to Compromise”

    No Hudson! Duh!

    Obama’s JOB is to fool people to believe in change or hope in his policies.

    That’s what the 1% PAY him for.

    Hudson will be among those who vote him back in office in 2012.

  42. ronron | October 15, 2011 at 9:55 pm |

    @nama rama. i hope for that ending.

  44. SilverCondom | October 15, 2011 at 9:58 pm |

    @nama rama

    This end is very unlikely.

    A mushroom cloud or a 100% polluted earth would be more REALISTIC.

  47. Tom | October 15, 2011 at 10:33 pm |

    A nice video some of my friends put together back when the rioting was kicking off in england.

    No Justice (UK riots) : http://www.capitaldamage.com/blog/?p=41 or http://www.youtube.com/watch?v=B74QmGp9lwk

    As for anyone with (or buying) loads of silver ( :-D ) take a look at this: http://www.capitaldamage.com/download/UBS-Silver-13Oct2011.pdf

    Keep up the good fight max.

  48. Youri Carma | October 15, 2011 at 10:41 pm |

    @Silverstreamist

    Libya Oct 15 afternoon update http://www.youtube.com/watch?v=HAwtyUYoFt8

    Keep ya posted here (scroll beneath the fat printed stickies) http://forum.prisonplanet.com/index.php?board=510.40

  49. Angelo | October 15, 2011 at 10:44 pm |

    check out Julian Assange “This Is About The Construction Of Law”
    http://stgeorgewest.blogspot.com/2011/10/julian-assange-this-is-about.html
    vid from London speech today :)

  50. Youri Carma | October 15, 2011 at 11:09 pm |

    @Silverstreamist

    Black Libyans Make Their Stand in Sirte and Bani Walid – Glen Ford http://www.youtube.com/watch?v=OPmpnqKe7bY

  51. Flopot | October 15, 2011 at 11:12 pm |

    Michael Hudson! Looking forward to watching dis Keiser Rrrrrreport. Murky buckets.

  56. Happy Dick | October 16, 2011 at 12:04 am |

    gettin jacked … http://www.youtube.com/watch?v=6eISPP6zuNE&feature=related
    we’re ready to roll … cya

  57. Leslie Jones | October 16, 2011 at 12:15 am |

    About law breaking. All civil codes are broken when someone enriches at the expense of all those impoverished victims. One doesn’t need to find people without food to eat to get aware of this crime. It is just enough to find people not able to buy basic items, and even worse, to find people in debt from buying food with credit card or from studing in those universities that sell basic knowledge at outrageous prices. The very first criminal is every nation state THAT ALLOWS those things to happen, and criminal nation state includes all those zombies watching talk shows and soap operas killing the escence of human nature. Unbelievable that bees and ants can do a better job than humans with brains not able to use them properly.

  59. neweveryday | October 16, 2011 at 1:04 am |

    @ Leslie Jones

    bees and ants are perfectly mechanical, humans are maybe 99% mechanical and that 1% of imperfection, imagination and creativity is precisely what makes us human, interesting and so volatile. Bees and ants do a great job … of being bees and ants, it has always been hard work, and will always be, somehow more difficult to become good human beings.

    We are all capable of abstract thought, we can all understand a law, yet we have fre-will and choice to obey the abstraction, even if that abstraction is a good idea, we do not always act according to reason..

    Free will and determinism…. humans have imagination and choice, there’s the rub..

  60. neweveryday | October 16, 2011 at 1:06 am |

    We may even master punctuation and spelling? Who knows…

  61. Claire | October 16, 2011 at 1:11 am |

    “They magically turned printing money into creating wealth.”

    That is about the funniest, saddest, truest thing I have heard in a while. Classic, Stacey!

  62. Al Kyder | October 16, 2011 at 1:17 am |

    @ Teri Buhl

    Nice reporting there. I have not been to that site before.

    @maxkeiser & stcyherbert

    The Idea of linking tis t the pirate party s sound. I watch this on RT yesterday, and have since been in contact with various privateers, and its got a warm reception so far.

    A multi pronged attack. #ows, Hax, copyright (Monsanto), S.L.A./GAIBO/karmabanque.

    Cool show ★. I hope we can pursue more of these idea’s in the future.
    ⌛ ☠ ☠ ☠ ☠ ⌛

  63. Bruce | October 16, 2011 at 1:27 am |

    Amnesia has always sounded like a great girl’s name.
    Selective Amnesia; a nice name.

    11:19 to 11:24
    Right on, Maxxxxxxxxxx.
    That and the fake birth certificate.
    Truth is stranger than fiction, by far.

    Michael was very proper.
    I would be laughing my butt off after listening to Max go ape on Obamaz.
    Good show.

  64. Evolutis | October 16, 2011 at 1:44 am |

    @nama rama … http://www.youtube.com/watch%3Fv%3DqqN6sy7xWjw … had not seen that before, thanks

    Astonishing! …. centuries of well, documented currency debasements, indebted , wars, taxation, equity strips, resource waste, inflationary spikes, banking unease, and the latest variation on the theme, quant driven, notional derivatives. So tell me, what is it about this monetary religion you want to support? WTF? … do we not already know all the punch lines to this inside joke?

    The latest variation on the corrupt, antiquated theme perhaps has its’ genesis from … October 6, 1986: First oil derivative is introduced to Wall Street by traders at Koch. Wendy Gramm Enron …the first Bush Administration… approved the rule exempting key energy futures contracts from government regulation … The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999. Wendy Gramm/Rick Perry “How Koch Became An Oil Speculation Powerhouse” .. Participants in the coalition include Koch, Enron, Phibro (a powerful commodity speculator firm recently sold from Citigroup to Occidental Petroleum), J. Aron & Co (a commodity trading division of Goldman Sachs), BP, Marshall K. Gramm and Douglas H. Owens, “Determenants of Betting Market Efficiency” …Phil Gramm As of 2009, Gramm is employed by UBS AG as a Vice Chairman of the Investment Bank division. Phil is fair game in that he has been both red and blue, always with hidden intentions it would seem. The “birds cry a warning from the hidden branches” of this global tree.

    Christ, … it’s like an old Nantucket boat song …”99 verses long” and world wide partisan, participation just has to stop. A message in a bottle indeed. People are in the streets for good reason http://politicalcorrection.org/mobile/factcheck/201108150010

  65. neweveryday | October 16, 2011 at 2:06 am |

    Nantucket boat song…

    http://www.youtube.com/watch?v=KqWqCuHR0Og

    about whaling…

  66. neweveryday | October 16, 2011 at 2:14 am |

    Q. “Go, said the bird, for the leaves were full of children,
    Hidden excitedly, containing laughter.
    Go, go, go, said the bird: human kind
    Cannot bear very much reality.”

  67. Evolutis | October 16, 2011 at 2:38 am |

    @neweveryday … Nantucket boat song… thanks that sounds great … bit like Eric Clapton or is it just me?

    and indeed, ” human kind cannot bear to much reality” perhaps the message from the children is consult with nature, an environment of information, not contrived, misinformation.

    T. Waits … http://www.youtube.com/watch?v=zTDNx_iaM6Q

  68. neweveryday | October 16, 2011 at 3:08 am |

    @ Evolutis

    There’s a lot of people coming upon the current situation from new and old places, but w, whoever we are, are converging of the way it is, what’s going down… innocence and experience have their place. Innocence has energy, experience can render one inert… between these something can happen. Youth knows what, age knows how…

    ps Mountain are an old band, worth checking out , great while they lasted.

    best wishes…

  69. neweveryday | October 16, 2011 at 3:14 am |

    @ Evolutis

    The quotation comes from Burnt Norton, part of The Four Quartets by T S Elliot. Maybe an acquired taste, but definitely a condensed encyclopaedia of acquired wisdom, as good as any holy book – without the obligation.

    Tom Waites is also a great poet. Thanks.

  71. Youri Carma | October 16, 2011 at 3:28 am |

    US Policy Toward Iran One-Way Ticket to War

    China would be essentially dependent entirely on oil controlled by the Wall Street-London “international order,” as would all nations .

    The development of the modern nation-state is dependent on energy.

    By controlling access to energy, one controls the development of nations .

    While many analysts suggest the continental United States contains enough energy to meet America’s needs for the foreseeable future, tapping into this supply and abandoning holdings overseas would catapult the developing world into direct competition with America on almost every front .

    It would also allow nation-states worldwide to defend themselves against what has essentially been a free reign of financial piracy perpetrated by the International Monetary Fund, World Bank and other Western contrived “international institutions” used to manipulate and exploit the planet.

  76. Evolutis | October 16, 2011 at 4:35 am |

    @neweveryday as good as any holy book – without the obligation. Yes … it would seem beliefs, like “answers” carry too high a profile and probably do nothing, to enhance an open mind.

    A scientist is not committed to beliefs, only information as it presents, within specific time frames. I kind of think we are all amateur scientist. The ancient wisdom of nature involves far too much change, for a belief system.

    There is an abundance of alternatives to this retched environment of monetization. None of them are within the system. Me thinks this is a different time, since we now have the technology to escape.

    But just to rattle your cage, can I tinker with your collaboration with John Smith? “A team of lawyers and economists” …. IMO we already have a team of lawyers and economists; some refer to it as the “Government” LOL … could we try artists , scientist social networks, or perhaps Gamers[they just did some DNA sequencing that the lab couldn't handle]

  77. Youri Carma | October 16, 2011 at 4:47 am |

    APNewsBreak: US drops keeping troops in Iraq

    BS! For several reasons.

    1) As soon as the US army leaves a civil war will break out for the grap to power and the warhawks in the US know that.

    2) More likely is that official US Army troups will be replaced by expensive private contractors so that the US gov can claim that they are redrawing while private troops poor in.

  78. Apocalypto | October 16, 2011 at 4:51 am |

    Fight the banks. Buy gold and silver.

    Occupy Vancouver draws 5,000 downtown to protest greed

    http://www.news1130.com/news/local/article/288656–occupy-vancouver-draws-5-000-downtown-to-protest-greed

  79. Eaglemount | October 16, 2011 at 4:59 am |

    Sure Max, Obama was a weasel for ‘overlooking’ fraud. And Congress are weasels for taking money from pay-to-play special interests and dancing with those devils that brought us to these straits.

    But given our election laws, they don’t have a choice. They have to dance with the ones that brung ‘em. But when it comes right down to rubber and road, who’re you going to vote for in 2012 if not Obama?

    Moot question of course. Seems to me, in lieu of a complete overhaul of government, you have to , once again, hold your nose and vote Obama. He’s the best of the worst.
    Otherwise we’ll get a venal Repub president.

  80. Youri Carma | October 16, 2011 at 5:10 am |

    Khamis Gaddafi Martyred – And Arrai TV is Back – Hawazen the General manager speaks http://www.youtube.com/watch?v=-qWvIhtnRf0

  81. Youri Carma | October 16, 2011 at 5:17 am |

    Radioactive Plankton, Japan’s Tsunami Debris to hit Hawaii, Fukushima Update 10/15/11 http://www.youtube.com/watch?v=r6auy71l0RQ

    Prof. Chris Busby update on Supplements to block Fukushima radioactivity effects http://www.youtube.com/watch?v=Qe6lxsl6Pbo

  84. jischinger | October 16, 2011 at 5:50 am |

    best KR opening ever!

  86. SilverMarks | October 16, 2011 at 6:27 am |

    Exposition magnifique Max et Stacy! Merci mille fois de nous avoir aidés.

    Michael W. Hudson is brilliant…and his focus on documenting whistle blower abuses is key to unraveling the fraud and creating discovery for future prosecutions. One day I hope these heroes will be praised instead of silenced, harassed or worse…

    Some of the evidence of fraud including the specific laws and regulations violated are in libraries and financial institutions around the world. Ignorance of the Law is not a defense, ask any Lawyer or Judge!

    International Currency Review
    By Christopher Story FRSA, Editor and Publisher

    THE FOLLOWING DATA HAS BEEN PUBLISHED AT THE FOOT OF MOST OF THESE REPORTS FOR THE PAST THREE YEARS…
    LEGAL TUTORIAL: The Steps of Common Fraud:
    http://worldreports.org/news

    Patents and Copyright Laws are used not only to brow beat the 99% into submission, but also to suppress new technology and ideas. Just consider what JP Morgan did to prevent Nikola Tesla 100 years ago to keep free energy out of the reach of the people. Now imagine what else has been hidden away in the name of profit and control. We should be living like the Jetsons by now!

    The Missing Secrets Of Nikola Tesla
    http://www.youtube.com/watch?v=h5uiK_QnyrE

    http://en.wikipedia.org/wiki/Nikola_Tesla

    Top 10 Futuristic Inventions We Should Have Now
    by Ryan Thomas
    http://listverse.com/2011/08/27/top-10-futuristic-inventions-we-should-have-now/

  87. Freemarkets | October 16, 2011 at 9:01 am |

    Max – any chance of putting ip bulletin boards(page links) for 99% for each country, so people can post theier respective demands which can then be debated? or speakers corner page – where anybody and everybody can make a demand?

  88. Al Kyder | October 16, 2011 at 9:54 am |

    @ Youri Carma

    Those pirates of Puntland are sus. Who trained them to board a ship doing 20 knots on the high seas?

    From memory, It all started under GW Bush when a fake security company won the bid to patrol those waters, then suddenly the Pirates of Puntland appeared.

    I believe they stated this to stop arms shipments to The Horn of Africa by countries like the Ukraine.

    I see Yulia Timenchenko the evil gas princess if finally behind bars where she belongs.

  89. Rumcajs | October 16, 2011 at 12:25 pm |

    Financial fraud and manufactured depression followed by war or genocide = peak capitalism/natural conclusion/goals of the elites achieved.

  90. I_Cant_Believe_Its_Just_a_Dip | October 16, 2011 at 12:28 pm |

    Here this is a real game changer if it turns out it works (and its certainly looking that way)
    http://ecatnow.com/ecat-news/e-catworld-com/what-do-we-know-about-andrea-rossi%E2%80%99s-1-mw-power-plant/

    Take a look round Rossi’s gallery, great pictures – the official opening is end of October and it’s on schedule. Its either gonna change the world energy wise or some1 will have a lot of egg on their face.
    http://ecatnow.com/gallery/

  92. snoop diddy | October 16, 2011 at 12:49 pm |

    old story, but relevant while there was a MERs story circulating:
    http://www.huffingtonpost.com/2010/11/16/mortgage-security-chart_n_784274.html

    Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage (CHART)

  93. MirrorMirror | October 16, 2011 at 12:57 pm |

    Repost :

    Citi Bank Customers LOCKED Inside, ARRESTED for Trying to Close Their Accounts

    http://www.youtube.com/watch?v=hNcz_A2msRU

  97. snoop diddy | October 16, 2011 at 2:06 pm |

    It finally came to me after about of week of trying to remember who wrote this song:
    Urban Dance Squad – Fast Lane
    http://www.youtube.com/watch?v=Q2a4MPP7zRI&feature=related

    some more:
    Urban Dance Squad – Deeper Shade of Soul
    http://www.youtube.com/watch?v=qw5Gl28Xe5o

    Soup Dragons – “I’m Free”
    http://www.youtube.com/watch?v=ZVGf3ePIO04&feature=related

  98. snoop diddy | October 16, 2011 at 2:23 pm |

    while we’re there:
    Anthrax with Public Enemy – Bring The Noise
    http://www.youtube.com/watch?v=CEwKCu0P89c&feature=relmfu

    Sonic Youth & Cypress Hill-I Love You Mary Jane
    http://www.youtube.com/watch?v=xRkpOdRbbsc&feature=related

  99. Al Kyder | October 16, 2011 at 2:32 pm |

    @ snoop

    I know this is old 1978, but I think it is very relevant to the current #occupy movement.

    http://www.youtube.com/watch?v=wQZKwptjPwk

    LET THEM EAT JELLY BEANS

  100. snoop diddy | October 16, 2011 at 2:51 pm |

    @Al
    and for a dose of irony re: Garrett lol
    Midnight Oil – short Memory
    http://www.youtube.com/watch?v=hgukduYJZ44

  101. davem | October 16, 2011 at 2:52 pm |

    What max & stacy say in last night’s “Keiser Report”:
    http://www.bloomberg.com/news/2011-10-03/u-k-banks-ran-ponzi-schemes-before-2008-financial-crash-osborne-says.html

    I think it’s a very good point – how do we make a bigger issue of this? Even how do we force inquiries/ fraud investigations?

    Any ideas?

  102. hgh | October 16, 2011 at 2:52 pm |

    Dear Max,

    We all know that you want to be a leader in the GIABO. Nethertheless, you should let people speak during your interviews and not trying to persuade to your point of view. They have many interesting thisng to say, even without using radical sentences. However, your show is great, Stacy is great, I do like watching you regularly…

  103. MirrorMirror | October 16, 2011 at 2:55 pm |

    @nama rama …. Ft. Knox Gold

    …. nice little Sunday Entertainment piece
    Thx

  104. MonkeySmoke | October 16, 2011 at 2:57 pm |

    If someone could deliver this letter to the police and firemen in NYC it would be greatly appreciated. They are protecting the wrong people.

    Below is a letter that I am distributing in Nashville, TN and am doing my level best to get this information spread nationally. If you want to wake people up, educate them to the crimes against us, we have an opportunity to wake up thousands of people at one time. We can make them aware of the crimes being perpetrated against us for the past 40 years. Are you sickened by the police beating and arresting the protesters at the OWS demonstrations? Want to make this stop, immediately, and have the police actually participating in the demonstrations? What about the firemen? Would it be helpful to wake them up and have them participate in the demonstrations?

    I am going to both the police and firemen in Nashville, TN and I have sent the letter below to each member of the National Fraternal Order of Police (edit: and to Oath Keepers). I am asking that you do the same in your community. If you have not listened to the interview at King World News with Harry Markopolos, please do. Listen to what Mr. Markopolos says regarding the pension funds of the police and firemen being stolen for 40 years. Take this information directly to–one-on-one–to the police and firemen in your community. Ask them to listen to this interview and to make their on decision. I believe they will arrive at the logical conclusion they have been ripped-off, directly, by these bankster criminals. Ask them to spread this information among their peers and let’s see if we can’t get these two very large groups of people awakened and to join us.

    I will also be stopping police anywhere that I see them and explaining this situation to them. I ask that you do the same. If you are serious about waking people and bringing criminals to justice, this may be a catalyst for that to happen. Imagine how many people can be awakened at one time by simply delivering this information—directly, one-on-one—to the police and firemen in each community that we live. You are welcome to use my story, if it helps, in order to make a better case. The firemen will respond immediately–as has been my experience–as soon as I mentioned my father is a fallen fireman.

    I believe we have a great opportunity to make a real difference.

    Here is the letter.

    I am the son of a fallen firefighter. My father, John Thomas Hall, was killed in the line of duty on November 12, 1979 in the city of Nashville, TN. I am writing to you today in order to bring to your attention to a crime that has been perpetrated for more than 40 years. It directly impacts policemen, firemen, judges and librarians specifically, along with many hundreds or thousands of others. The crime is theft. Your pension fund is the target. The criminals are the Bank of New York Mellon and State Street Bank both located in New York City.

    Harry Markopolos, the person who brought Bernie Madoff to justice in 2009 for the $65 million ponzi scheme, is the chief investigator in this crime against you and all policemen and firemen in the United States of America. Mr. Markopolos and his team have been investigating these crimes since 2003 and within the past couple of weeks, along with the Florida, Virginia and New York State Attorney Generals have brought charges against these criminals. We, the civilian population, need you to be engaged in this situation. If you, the police and firemen of the United States of America, can support this situation and bring it to light all across the country, we, the population of this once great nation, can finally see some justice for crimes perpetrated against all of us.

    Please do not take my word for it. Please follow the link below and listen to Mr. Markopolos tell you instead. My motivation is simple, my father served the city of Nashville and his reward was having a portion of his pension stolen with no chance of recourse. How much longer are you, as police and firemen, going to allow this crime to continue? Here is the link

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/8_Harry…

    Once you arrive at the page you will see a purple icon that states “Listen to MP3 click here” it is located on the left side of the page about half way down.

    I have already contacted four local fire departments, three police departments, both located in Nashville and will continue contacting local fire and police departments until you, the victim, begin to anger and take action and shed some light on this insidious situation. If you could spread this information among your peers it would be a big help in bringing this situation to the attention of the victims.

    Thank you for your time and attention. Looking forward to seeing you on the evening national news broadcast in the very near future.

  106. ronron | October 16, 2011 at 3:14 pm |

    @Stacy. a lesson in the meaning of mad does not answer my question. http://www.youtube.com/watch?v=99VSnEPmbPw

  108. Flopot | October 16, 2011 at 3:34 pm |

    Are there two Michael Hudsons? Je suis confused.

  109. snoop diddy | October 16, 2011 at 3:38 pm |

    @flopot,
    yep lol
    Usually that one just interviewed is referred to with the W.

    The other one wrote ‘super imperialism’.

  110. Al Kyder | October 16, 2011 at 3:43 pm |

    HA ! heres some Irony for ya snoop.

    Looks like Westpac were at the front of the cue for TARP .06%

    http://www.moneymorning.com.au/images/mm2010123a_lge.jpg

    That means NAB were bailed out too.

    We were lied to. :( How could such fine upstanding institutions tell bold faced lies like that.

    You know what that means The rental market is the only thing holding up the economy. Thats a high wire act doomed to failure.

  111. zurn | October 16, 2011 at 3:56 pm |

    Message For Banker Scum
    We’re coming for you. No place to run. No place to hide.
    http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=121354

  112. snoop diddy | October 16, 2011 at 4:16 pm |

    @Al, Looks like they just sprayed around money for every bank that had a NY branch, amazing and WTF!

  114. Mattdog | October 16, 2011 at 5:11 pm |

    I apologize for going off topic, but was just at Dutchsinse’ site and was watching the “Washington State” nuclear volcanic earthquake report(?) and had a flash of a thought; With large concentrations of very dense material stored very close together at these nuclear arsenal, developement, storage, facilities, the centripetal forces exerted on those areas should tend to deflect with respect to the Earth spinning so fast upon its’ axis. Ring of fire aside, if these facilities are not built upon a large enough concrete footprint (surface area), would they not tend to start sinking towards the Earths’ core? Enough of these little “BB’s” scattered all over the Earth, over time,even without the “occasional” meltdown, which no one, save Atomic Man, could correct, eventually will make its’ way, you know where. I never thought of the Earth as its’ own Atomic child!

  115. Mattdog | October 16, 2011 at 5:12 pm |

    Link to Dutchsinse:

    http://www.youtube.com/user/dutchsinse#p/u/1/wEtJp7weq3U

    Now back to your regular programming.

  116. Flopot | October 16, 2011 at 5:13 pm |

    Cheers snoop diddy!

  117. Youri Carma | October 16, 2011 at 5:28 pm |

    Lindsey Williams & Peter Grandich, Oct. 14, 2011

    Lindsey Williams, Peter Grandich, Chris Waltzek, Bob Chapman & Robert Ian

    MP3: http://radio.goldseek.com/shows/2011/10.14.2011/GSR-10.14.11-c.mp3

  118. Youri Carma | October 16, 2011 at 5:37 pm |

    Huge demonstrations erupt in Madrid http://www.youtube.com/watch?v=SjUIEAZr4Yo

  119. ronron | October 16, 2011 at 5:47 pm |

    @Youri. that’s 2%. wait till the other 97% show up. :-)

  120. davem | October 16, 2011 at 6:47 pm |

    @john smith – yes I agree – has to be the first priority – where do we start?

  121. Trev | October 16, 2011 at 7:08 pm |

    Then according to Obama, if I rob a bank or a person, then it’s not necessarily illegal but is immoral and reckless. Does this mean that mean I can keep the cash I stole and without no punishment?

    We need to convince & get the cops and army to stand on the right side of the people, not support the thug banksters and government.

  122. MirrorMirror | October 16, 2011 at 7:34 pm |

    .
    .
    .
    Pirate Party in N.R.W. Germany …

    On the news … “would” get 7% in NRW if an election was held today.

  123. MirrorMirror | October 16, 2011 at 7:40 pm |

    General Wesley Clark on 9/11 n Libya, Libya was already planned, Iran next..

    http://www.youtube.com/watch?v=cUhlFO5qjVE

    20th. March 2011

  124. Mark | October 16, 2011 at 7:48 pm |

    Hey MAX,

    I am also a journalist. I appreciate your passion. You have a better “political” sense than I have. Let me put it frankly, Barack Obama is an idiot that somehow made it into office. That’s the curiousity of the entire issue. You are over in the UK, I am in the United States. Trust me when I say, “There are warriors in the United States”. This nation has not fallen down, and it never will. . .provided all people figure out who is placing these bozos in office (the oligarchs).

    Keep me wound up. This POS we have in office right now is driving me crazy, and many others ~ as well.

    Peacefully yours,

    Mark Mayr
    [email protected]
    Certified Investor Relations Representative
    Graduate from Utah State, Penn State and UC Irvine. . .blah, blah, blah

  125. I_Cant_Believe_Its_Just_a_Dip | October 16, 2011 at 7:53 pm |

    Like M+S say, get yourselves out of fiat as much as possible. Close all unnecessary bank accounts don’t have fiat savings accounts instead buy yourself some gold,silver,palladium,platinium,neodynmiun, and other rare earth metals and treat these as one’s nestegg. Commodities of all types are only going to get scarcer(reserves of silver and palladium have got about 15 yrs left perhaps 20 at most)
    Praseodymium has gone up 6 fold in only 18 months, why not be part of it?. When true price discovery takes effect watch them precious resources sky rocket even more. And if the proverbial SHTF what is more important? some paper or some extremely useful hard to obtain metals that the gov probably wants to buy off you( impossible to get in times of war or trade problems like China withholding rare earths to Japan)
    We have passed peak production in most areas and there is a lot of evidence to suggest this time is not a bubble.Bare in mind the more the dollar goes down in value the more precious metals go up in value.More people need to do a paradigm shift of thinking from fiat to a more traditional barter system based on intrinsic value.

    http://innov8tivedesigns.com/rcgroups/Neodymium.png
    http://www.morningstar.co.uk/uk/news/article.aspx?articleid=100986&categoryid=5

  126. Apocalypto | October 16, 2011 at 8:10 pm |

    “Like M+S say, get yourselves out of fiat as much as possible. ”

    Exactly. Fiat is fascist. Gold and silver, GET SOME.

  127. Silverstreamist | October 16, 2011 at 8:20 pm |

    @ Youri Carma
    Thanks, bro.
    You’re awesome!

  128. F. Beard | October 16, 2011 at 8:59 pm |

    Exactly. Fiat is fascist. Gold and silver, GET SOME. Apocalypto

    Wrong. Fiat is the only ethical government money form.

    What would be fascist would be the requirement that government money be someone’s favourite shiny metal.

  130. Mike | October 16, 2011 at 10:10 pm |

    So Press TV is off in England. The oligarks go towards iran War

  132. A Gardener | October 16, 2011 at 10:25 pm |

    Silver Shortage?
    Perth Mint Out of Silver?
    http://sgtreport.com/2011/10/silver-shortage-perth-mint-out-of-silver/
    Looks like they are having problems.

  133. ronron | October 16, 2011 at 10:39 pm |

    just watched last train home over at Durden’s site. eye opening. again.

  135. Holly | October 16, 2011 at 11:14 pm |

    REM – Shiny happy people

    http://www.youtube.com/watch?v=iCQ0vDAbF7s&ob=av3e

    Shiny happy people laughing

    Meet me in the crowd
    People, people
    Throw your love around
    Love me, love me
    Take it into town
    Happy, happy
    Put it in the ground
    Where the flowers grow
    Gold and silver shine

    (chorus)
    Shiny happy people holding hands
    Shiny happy people holding hands
    Shiny happy people laughing

    Everyone around
    Love them, love them
    Put it in your hands
    Take it, take it
    There’s no time to cry
    Happy, happy
    Put it in your heart
    Where tomorrow shines
    Gold and silver shine

    (repeat chorus)

    Hey, here we go!

    (repeat chorus 4x)

  136. Apocalypto | October 16, 2011 at 11:20 pm |

    Sarah Palin condoms.

    http://i.imgur.com/lQMUg.jpg

  137. indeed | October 16, 2011 at 11:22 pm |

    Another great video, Max and Stacey. The biggest fraud, though, is the “health” insurance scam. So very sad that Ron Paul has overturned his opinion at this low point of his career. As we ponder on what to do about the banksters, the medical/welfare cartel is cementing your fate with more mandated treason in DC.

    Somewhat good news, though. I went to the bank to close my account (again). It seems that the first guy has been fired. I’m not sure if my whining was the cause or not, but the whole attitude has changed in the banks. Anyway I didn’t close my account and they found a way to not charge me for having an account with them, without making me having a large account balance. I also tried to close my safe deposit, but they didn’t have anyone who was willing to do this for me. Another trip next week – hopefully they won’t arrest me for that. Thanks ows!

    Repeal the FDA preemption and the “health” insurance scam!

  138. Apocalypto | October 16, 2011 at 11:23 pm |

    @ F. Beard

    Fiat is the only ethical government money form.

    They’ve certainly been very “ethical” with it over the years, haven’t they?

    You’re delusional.

  140. Al Kyder | October 16, 2011 at 11:38 pm |

    @ Youri Carma

    The headlines are deceptive Youri Carma.

    The Perth mint does limited runs of things like coins. Bullion is similar. If they get an increase in demand they run out, they could buy more silver, but they dont.

    Also the cost of making bullion is high. Example. Normally they dont bother to make say 1 gm silver ingots, because they use more energy to make it than what its worth. Another example they dont even strike 1/2 oz silver coins. To much trouble

    The dates on those stories are telling. The first one is May 2008. The article is by a hack, reporting on someone who does not even know that the Perth Mint is a private company.

    The other two dates are typical. Christmas and Chinese New Year. Every year in about October they release the years coins. They dont make more if demand increases. They DONT MAKE MORE. NOT ever.

    So by december you will see headlines, Perth Mint out of Silver. Because those 300,000 silver dragons will sell like hot cakes. They will not make more. Not even one.

    Lesson; Australia has the weirdest currency. The only country in the world where people actually invest in physical money and make a profit. I always find it amusing when people dont understand the face value of a Kookaburra etc.

    The value in Oz coins is not in their face value, or in the silver content, but in their own rare beauty. Thats what people pay for. You dudes who buy our coins because they are gold or silver etc are regarded as “luddites” here.

  142. Youri Carma | October 16, 2011 at 11:43 pm |

    Pakistanis fed up with US drone strikes http://www.youtube.com/watch?v=hTCLmcURgA4

  143. Apocalypto | October 16, 2011 at 11:44 pm |

    Federal Reserve is getting SCARED.

    :D

  145. Youri Carma | October 16, 2011 at 11:54 pm |

    Coast To Coast AM: When Pirates Ruled 10-15-2011 Download Link http://www.youtube.com/watch?v=zM_e1wnN30Q

    Date: 10-15-11
    Host: Ian Punnett
    Guests: Adrian Tinniswood, Norm Stamper, Captain Kelly Sweeney

    Historian Adrian Tinniswood discussed when pirates ruled the seas – sailing the oceans with bounty, forcing thousands into slavery, and compelling governments to declare all-out war or face agreeing to their demands. Capt. Kelly Sweeney joined in the conversation in the latter part of the third hour.

  146. indeed | October 16, 2011 at 11:58 pm |

    I’m soooo glad for ows. The bank treated me with respect yesterday. The guy that I talked to before has been replaced. I’m not sure because of my whining. I asked again to close my account – and behold, they found a way to keep my account without paying for their privilege and without giving them lots of money. Yeah! I tried to close my safe deposit, too. But they didn’t have anyone to do that. So another trip and many millions of miles to trip through, but it’s a start.

    Unfortunately, while we are debating on the punishment of the banksters and the oversight, the medical/welfare cartel is getting away with murder and are cementing out fate in DC. I’m so sad that Ron Paul has changed his tune on the “health” insurance scam (another magical airplane ride?).

    Repeal the FDA preemption and the “health” insurance scam!

    Another great vid, Max, Stacy, and the other Michael Hudson!!!

  148. ronron | October 17, 2011 at 12:07 am |

    i think Max slept in that shirt. hahaha. 2 days in a row. same shirt.

  149. Youri Carma | October 17, 2011 at 12:09 am |

    UN: food insecurity threatening world http://www.youtube.com/watch?v=xPzI-wfAeqI

  153. Youri Carma | October 17, 2011 at 12:39 am |

    Greek banks may need short-term nationalisation – Blackrock

    BlackRock CEO wants $2 trillion European bank plan

    Question: What has BlackRock to do with Europe? How many fingers they’ve got in the porridge?

  156. foober | October 17, 2011 at 12:57 am |

    theres got to be a way for people to find out they are being lied to and stolen from the banksters who control alot of the politcians and judges. There has to be a way for folks to find out.

  158. Al Kyder | October 17, 2011 at 1:10 am |

    @ ronron.

    Can she make toast ?

  159. ronron | October 17, 2011 at 1:12 am |

    @Al Kyder. probably. hahaha. good question. even Stacy will answer that.

  160. Al Kyder | October 17, 2011 at 1:13 am |

    @ Youri Carma

    Shanghai Shrinkage

    BANK lending in Shanghai slowed significantly last month, with lower mortgage demand, the central bank’s Shanghai branch said yesterday.
    New loans in September totaled 63.8 billion yuan, 122.1 billion yuan less than a year ago. New individual mortgages totaled 410 million yuan in September.

  161. foober | October 17, 2011 at 1:17 am |

    lets see, the banks get the money for 0% interest. Invest in companys they have stock options in and make tons of money. Hmmmm. interesing concept.

  162. Silverstreamist | October 17, 2011 at 1:24 am |

    Max Keiser and Stacy Herbert’s GIABO Communique #2
    http://www.youtube.com/watch?v=-yKoFBq6GYA&feature=feedu

  163. karate kid | October 17, 2011 at 1:32 am |

    Youri Carma
    youri i dont beleive anything about china
    same old song
    ancient chine’se saying
    sinkin ship has no lifeboats

  165. karate kid | October 17, 2011 at 2:35 am |

    david more like the last throws of a fallen empire
    when will the military arrest our leaders is the question

  167. foober | October 17, 2011 at 4:06 am |

    elites are getting bothered by getting found out with thier evil tactics.

  168. Badsey | October 17, 2011 at 4:36 am |

    With Ireland, Greece etc you have an idea about how much is being stolen. In the US you have an initial figure of 800 Billion that has ballooned into 16 trillion after a Federal Reserve quasi-audit. =You could be easily looking at 100 trillion+ in financial terrorism theft here.

    Hopefully with all the worldwide OWS support a true multiple 3rd party audit can take place and the figures compared. While this is being done all politicians and banksters can quietly slave in the FEMA labor camps which were graciously constructed from stolen tax-payer money. Chemtrail planes will routinely fly over and spray nano-aluminum/barium for those 1% who are FDA deficient in those metals. Fox/NBC/CBS TV news will be provided encouraging the 1% slaves to work for their new 99% masters and a new fiat slave currency will be installed.

  169. steveosilver | October 17, 2011 at 4:52 am |

    @ Al The headlines are deceptive Youri Carma.
    how are the headline deceptive, he is just putting it out there, you must mean that the source is disinfo based on the mints deception and greedy business practices.
    How does a supplier ever lose money, they cost average it over the long term, right?
    I am sure you do the same if your a buyer.
    If something is considered scarce then people will try to buy it out of greed, or profit.
    The insane oligarchs that Robert so loves are not insane they are the Ferengi, from star trek, lol.

    If you want to understand them just look to this list of the rules of acquisition:
    http://en.memory-alpha.org/wiki/Rules_of_Acquisition
    example:
    2 The best deal is the one that brings the most profit.
    13 Anything worth doing is worth doing for money.
    27 There is nothing more dangerous than an honest businessman. for Max, i hope, lol.
    104 Faith moves mountains… of inventory. for Specky, lol
    113 Always have sex with the boss. for Sherbert, lol
    162 Even in the worst of times, someone turns a profit.
    181 Not even dishonesty can tarnish the shine of profit. for F beard, lol
    218 Sometimes what you get free costs entirely too much. ie reggie middleton, lol
    255 A wife is a luxury… a smart accountant a necessity. for jimmy chen x 7 was it, lol
    261 A wealthy man can afford anything except a conscience.
    267 If you believe it, they believe it.
    # Money is money, but females are better. for vonda bra, lol
    # Always inspect the merchandise before making a deal. for ronron, lol
    # If that’s what’s written, then that’s what’s written, for al kyder, lol

    but start with the Ferengi recognize five Stages of Acquisition:

    1. Infatuation: An unreasoning love or attraction … “I want it.”
    2. Justification: Moral excuse used to explain … “I must have it!”
    3. Appropriation: To take to one’s self in exclusion of others … “IT’S MINE AT LAST!”
    4. Obsession: A compulsive or irrational preoccupation … “Precious!”
    5. Resale: The action of selling something previously bought … “Make me an offer.”

    284. Deep down, everyone’s a Ferengi.

    Sorry if I left anyone out, I just could not finish it without falling out of my chair, lol.

    @mattdog, no need to worry so much about mother earth, if she gets irritated enough she will scratch the fleas with another global flood.
    Dutch is good for new on climate and what is going on there and I for one visit every day, just do not mention it because its not part of this conversation forum.
    Peak anything is a dis info in my op, oil is water, water is oil, cars do not run off of gasoline, its the charge that it effects air that makes it useful. How come the gases that come out of your exhaust pipe will not relight or explode. Those gases combined make a bomb, but they do not explode or ignite when the come out of your exhaust pipe. Why because they just charge the air but they are used as a wetting agent that prevents the lean condition that cause high temps and stops the engine from running.
    Pre ignition, what is that, its when your car runs when the key is turned off.
    So your key is turned off and the fuel is shut off and the ignition is off, but the car continues to run, why? Its not a diesel but it runs, then go grab the distributor and advance the timing and it will smooth out and run, without the ignition, the gas, lol.

    The truth is stranger then fiction.

    Look up the joe cell, you will not be disappointed.

    As far as pms go, do not be a pump and dumper, buy, save it for your children or the survival of your children.

  170. snoop diddy | October 17, 2011 at 4:54 am |

    Pro EU Conservative Nadhim Zahawi MP vs UKIP Nigel Farage – 16 Oct 2011
    http://www.youtube.com/watch?v=ghcXKeP4uLo

  171. Youri Carma | October 17, 2011 at 5:22 am |

    @Al Kyder

    Chinese M2 Growth Dropping To 9 Year Low Means More Pain In Store For SHCOMP http://www.zerohedge.com/news/chinese-m2-growth-dropping-9-year-low-means-more-pain-store-shcomp#comment-1780228

  172. F. Beard | October 17, 2011 at 5:23 am |

    They’ve certainly been very “ethical” with it over the years, haven’t they? Apocalypto

    No they have not been. The government enforces the banks’ money monopoly. This damages society since it unjustly transfers wealth to the so-called “creditworthy”. This requires that government ameliorate the damage. That requires that its fiat be sacrificed

    You’re delusional. Apocalypto

    Perhaps. But I read the Bible everyday. It is an excellent cure for mental illness:
    Proverbs 8

  174. F. Beard | October 17, 2011 at 5:43 am |

    “I, wisdom, dwell with prudence,
    And I find knowledge and discretion.
    “The fear of the LORD is to hate evil;
    Pride and arrogance and the evil way
    And the perverted mouth, I hate.
    “Counsel is mine and sound wisdom;
    I am understanding, power is mine.
    “By me kings reign,
    And rulers decree justice.
    “By me princes rule, and nobles,
    All who judge rightly.
    “I love those who love me;
    And those who diligently seek me will find me.
    “Riches and honor are with me,
    Enduring wealth and righteousness.
    “My fruit is better than gold, even pure gold,
    And my yield better than choicest silver.
    “I walk in the way of righteousness,
    In the midst of the paths of justice,
    To endow those who love me with wealth,
    That I may fill their treasuries.     Proverbs 8:12-21

  175. Ricin3000 | October 17, 2011 at 5:55 am |

    There once was a pirate so fierce
    Whose legs were’s hard’s Britney Sprears’s
    He didn’t last long
    before his poor dong
    got smashed in derivative smears!

  176. steveosilver | October 17, 2011 at 5:56 am |

    rule 299 After you’ve exploited someone, it never hurts to thank them. That way, it’s easier to exploit them next time.[13]
    Exploitation begins at home
    238 Never be afraid to mislabel a product
    109 Dignity and an empty sack is worth the sack.

  177. Youri Carma | October 17, 2011 at 6:06 am |

    Occupy Santa Cruz – Bank of America refusing to close account http://www.youtube.com/watch?v=tK0O30aFT7g

  181. Youri Carma | October 17, 2011 at 6:42 am |

    Heavy snow has fallen in many parts of The Alps. For some ski resorts it is the first big fall of the coming season though of course much of it will melt. In the meantime lets enjoy it and think of things to come. Welcome to winter. http://www.planetski.eu/news/3157

    Gold found in Swiss Alps http://www.planetski.eu/news/3156

  182. Bonn | October 17, 2011 at 7:40 am |

    Good We all Still Here …..Looks like they Blew up Comet Elenin !!!!!!!!!!!!
    Hic ;-)

  183. Apocalypto | October 17, 2011 at 8:17 am |

    Buy gold and silver.

  184. MirrorMirror | October 17, 2011 at 9:38 am |

    .
    .
    .
    .
    Charlie Chaplin : The Greatest Speech Ever Made

    This is probably the best speech ever made. So old and still so true. When will our leaders finally wake up just like charlie did in this movie?

    http://0815reader.blogspot.com/2011/10/greatest-speech-ever-made.html

    .
    .
    .
    Excellent & Ironic Speech !

  185. Al Kyder | October 17, 2011 at 10:51 am |

    @ steveosilver

    Those coins have an intrinsic art value. As expressed in the recent art work where fiat currency sold for less than what it was worth.

    My point is if you are going to buy silver, then you should by these coins. They are around spot, and have that added intrinsic value of being a piece of very fine art.

    I reject the charge of profiteering, They could easily assign a face value of more than the Metal is worth, but they dont. There are some coins about now in Oz 10$ silver coins. They contain about a gram or two of silver, fine 999. I have not seen one yet, but I intend to circulate these.

  186. Bonn | October 17, 2011 at 11:21 am |

    Book Claims Hitler ‘Died In Argentina’ (….I always Knew it !!!!!!!!!)
    http://uk.news.yahoo.com/book-claims-hitler-died-argentina-141249165.html
    Nazi leader Adolf Hitler did not kill himself in Berlin in 1945 but ended his days in Argentina, a new book has claimed.
    British journalist Gerrard Williams has told Sky News he and co-author Simon Dunstan found an “overwhelming amount of evidence” to suggest Hitler died an old man in South America.
    Many historians say the Nazi leader died in his Berlin bunker in 1945 – but Williams claims their research, looking at newly de-classified documents and forensic tests, challenges this.
    “We didn’t want to re-write history, but the evidence we’ve discovered about the escape of Adolf Hitler is just too overwhelming to ignore,” he said.
    “There is no forensic evidence for his, or Eva Braun’s deaths, and the stories from the eyewitnesses to their continued survival in Argentina are compelling.”
    Grey Wolf: The Escape Of Adolf Hitler claims the Fuhrer and his mistress Eva Braun were secretly flown out of Germany in April 1945 and taken to fascist-controlled Argentina.
    It is alleged Hitler lived in the country for 17 years, initially raising his two daughters, until his death in 1962.

  187. Bonn | October 17, 2011 at 11:24 am |

    http://redicecreations.com/article.php?id=17173
    The Code – Carl Munck
    The Code is an ancient matrix system built up of monuments all across the globe. These monuments include megalithic stone works, pyramids, circular works, effigies, and ancient earth mound. Each structure is a point in a remarkable global matrix which explains a global positioning system involving the mathematical precisions of the Earth. In order to “read” this matrix one must first change the current Prime Meridian back to the pyramid fields at Giza.

  188. I_Cant_Believe_Its_Just_a_Dip | October 17, 2011 at 11:53 am |

    @stereosilver, ROFL- nice one haha the similarities to the Ferengi are uncanny.
    Can I add, a) always smile in/to the face of the devil
    b) keep smiling all the way through the con/scam until conclusion (Tony Blair/Brown bottom)

    Brown fake smile compilation,
    http://www.youtube.com/watch?v=cYPqAo3UasA

  189. bill lewis | October 17, 2011 at 12:27 pm |

    FOR IMMEDIATE RELEASE
    Orgasms
    the play

    By Dan Israely

    Orgasms, Dan Israely’s explosive off-Broadway comedy makes its premier in London on October 18th at the Ye Olde Rose And Crown Theatre Pub in Walthamstow.

    Orgasms is a play about men and women, their differences, attitudes and hung-ups. God created Adam, his first human. It’s only natural that he’d make some mistakes. For instance, he forgot to connect the penis to the heart and the brain. When he created the women, he corrected many of his original mistakes, thus, the women is an improved version.

    Cast includes: Shamir Firmin as Adam with Rebecca Johnson and Chelsea Fitzgerald sharing the role of Eve. Directed by Paul Sullivan, produced by Zahava Atzmon

    Through a series of warm vignettes, recalled memories and occasionally scathing conversations between Adam and Eve, Orgasms explores the common ground, differences and occasional battles between men and women.

    The comedy played for two years in Los Angeles and in New York and is currently selling out in Mexico, Costa Rica, Guatemala and Peru.

    “For a new and often brilliantly refreshing look at the differences between the sexes, playwright Dan Israely’s “Orgasms The Play” offers lots more than laughs. The insights supplied will have you talking and thinking for hours.”
    Susan Sherman, LOS ANGELES TIMES

    “Hilarious”
    Arthur Hiller, President of the Academy of Motion Picture Arts and Sciences (’93 to ’97)

    The Hite Report

    Inspired by The Hite Report On Female Sexuality, which shattered preconceived notions of female sexuality in the 70s, this production has the unique privilege of having the blessing of Shere Hite herself! Shere Hite will be available for interviews during the play’s run.

    Play dates: October 18th – December 17th, 2011
    Times: 7.30pm and 9.30pm
    Ye Olde Rose And Crown Theatre Pub, 53 Hoe Street, London, E17 4SA
    £15; £12 concessions
    Contains nudity: adults only
    Reservations: 020 8523 5301, yeolderoseandcrowntheatrepub.co.uk
    Artwork and photos available at http://www.bloodyawfulpoetry.com/orgasms/

  190. Bonn | October 17, 2011 at 12:45 pm |

    A re-Post ………………..
    http://geraldcelentechannel.blogspot.com/2011/10/lindsey-williams-devils-messiah-agenda.html
    Lindsey Williams the Devils Messiah Agenda for 2012
    Pastor Lindsey Williams is back after 3 months of silence with new fresh insights from his elite source , he talks with Dr Deagle ( 13 Oct 2011 ) about the elite’s agenda for 2012 the devil’s Messiah agenda some of the key points are : Massive deb intentionally created by the elite before the crash countries cities and banks will be bankrupt , they want every country to become like Greece , Greece will default and its bonds that the elite are buying will be used to control the country , All the paper assets will become worthless by 2012 , you must secure your assets with something other than paper ,

  191. Bonn | October 17, 2011 at 12:51 pm |

    Lindsey Williams – Jeff Rense 13 October 2011
    http://www.youtube.com/watch?v=Ok9JwiXLTlA

  192. Bonn | October 17, 2011 at 1:53 pm |

    @ y’all
    Dont watch that post of mine “The Code – Carl Munck”
    He friggin bored the Hell outta me ….all gibberish and nonsense …

  194. steveosilver | October 17, 2011 at 5:38 pm |

    @ i can not believe its a dip, add all you like, its to funny that all the laws are what we are experiencing, and laughter takes the sting away.

    Rule 48 The bigger the smile, the sharper the knife.
    That relates to Tony, Brown, and especially Chaney.

    @ Bonn, Lindsey gives me the creeps, something is not right with him, so
    Rule 190 Hear all, trust nothing

    For Bonn from Bon
    Let there be rock
    http://video.google.com/videoplay?docid=-3318042521012564199

  196. I_Cant_Believe_Its_Just_a_Dip | October 17, 2011 at 6:27 pm |

    @stereosilver, must have missed rule 48, lolol, yer gotta keep the humour up or they are winning and we will start looking like them poor N Koreans.
    @harry, its against the EU treaties article 125 to bail out other countries but do they care?
    http://blip.tv/the-uk-column/bcgiv-john-hurst-common-law-courts-3943547

  198. Alf | October 17, 2011 at 6:49 pm |

    Re: george osborne and the ponzi scheme bankers.
    Hey george remind me, where were you in 2008?…on the moon?…no you were in London with the ponzi scheme bankers… So why didn’t “you” speak up in 2008 when “you” were backing the ponzi scheme bankers 110%?…. yeah….silence.

  199. steveosilver | October 17, 2011 at 7:30 pm |

    Frenegi answer to Alf
    Rules:
    60 Keep your lies consistent.
    111 Treat people in your debt like family … exploit them.
    181 Not even dishonesty can tarnish the shine of profit
    208 Sometimes the only thing more dangerous than a question is an answer.
    261 A wealthy man can afford anything except a conscience
    266 When in doubt, lie.
    267 If you believe it, they believe it.
    307 A good lie is easier to believe than the truth.

    Once you understand them you can defeat them

  200. I_Cant_Believe_Its_Just_a_Dip | October 17, 2011 at 7:44 pm |

    @stereosilver, all good stuff!
    Here, Noam Chomsky on OWS
    http://www.youtube.com/watch?v=5wtHTh6NZXc&feature=related
    And the US marine versus 30 NY police,
    http://www.youtube.com/watch?v=WmEHcOc0Sys&feature=player_embedded

  201. Happy Dick | October 17, 2011 at 8:42 pm |

    @justadip

    nice marine vid post … thankx for that!

  202. Wahrheit | October 17, 2011 at 9:40 pm |

    Max is confused about the Pirate Party situation.

    Occupy is being populated by unemployed youths for the most part who cannot find sustained employment.
    -whereas-
    Pirate Party is about undermining artists’ ability to achieve sustained employment as “yes men” by becoming subsumed into the corporate power structure.

    These are very different things.

  203. Ron Stevens | October 17, 2011 at 11:29 pm |

    While Pirates take our job, money and destroy this economy,Protesters try to save the day that can never be save. the same system everyone lives in is full of Pirates.

  204. freefreakshow | October 18, 2011 at 5:24 am |

    Subchapters…hahahahaha… Max, you are the Picasso of politics. Let us be pirates!! You can be the Admiral of Finance!

  205. freefreakshow | October 18, 2011 at 5:24 am |

    I mean Pirates… ;)

  206. bailey alexander | October 18, 2011 at 10:28 am |

    I’ve met Rick Falkvinge, just met him in Berlin. Great idea but the copyright/privacy idea is based on his data that every 40 years, the cycle brings a new concern. Back then, it was environmentalism, however, I don’t think the kids across the pond are as emphatic as the europeans, in particular, like Sweden and Berlin and Switzerland, where they can effectively legislate the pirate party. Again, great idea but hard to know. Hopefully when you meet Falkvinge at the Bitcoin conference you can help him get on the Alex Jones, that’ll give him a megaphone as a lot of techies/libertarians listen and like Alex for certain ideas.

    Italian protests are great, but then I was at the 2003 protest when we lived in Rome. There were a couple million out on the street. The Italians will always go out and hang if given half the chance. No one hangs out like the Italians. They’re pissed, sure, but their issues don’t loom quite as large as the other euro countries; it’s mostly a self-employed country w/most families having 2 homes, one in the mountains, one by the sea, paid for….the place is mostly self-employed, their issues won’t drive them out on a daily basis. Perhaps I’m wrong. And, the North is not the South.

  208. Keehotee | October 18, 2011 at 12:50 pm |

    God damn the pusher man. Excellent summary of CIA complicity is the drug trade

    http://www.boilingfrogspost.com/2011/10/14/the-eyeopener-morbid-addiction-cia-the-drug-trade/

  209. Angelo | October 18, 2011 at 2:04 pm |

    interesting new cliff drop in silver and gold..

  210. don middleton | October 18, 2011 at 11:43 pm |

    ill gotten gains :)
    Max, your last statements about patents are spot on….you sound like a Georgist.
    For those not familiar: an example, the tribe kills 1 buffalo per week using sticks and stones. “Joe” invents the bow and arrow and the tribe kills 1 buffalo per day.
    Does Joe take 6 buffalo per week? Meat rots but fiat doesn’t (Oh yeah!).

    One small thing….when you lambaste individuals (Buffet et al), lay out the crime first and then attach the name(s). Be clear, no ranting allowed, and concise :)

    More power to youse guys :)

  211. acudoc | October 18, 2011 at 11:56 pm |

    Hard-hitting, succinct, easily understood video to help OWS “get a focus”!

    http://www.youtube.com/watch?v=G9IH-XKQpOI

  212. Youri Carma | October 19, 2011 at 2:14 am |

    Holmes Says Gold Prices May Double Over Next Five Years http://www.youtube.com/watch?v=KdODw4k8FpE

    Yeah Sherlock, that’s right!

  213. Youri Carma | October 19, 2011 at 2:26 am |

    Always fun with drinkingwithbob: Obama has NO CHANCE of Being Re-Elected… http://www.youtube.com/watch?v=zvVI3thxpIE

    Better change of Hitler on an Israelie stamp ahahaahahahaah That’s rich!

  214. F. Beard | October 19, 2011 at 2:29 am |

    @acudoc,

    Good video except for “Buy gold and silver”.

    1) Buying gold or silver merely transfers money within the banking system from your account to the PM seller’s account.
    2) PMs, especially gold, are a traditional tool for banker oppression.

    What is much better is just to withdraw actual paper currency. That actually removes reserves from the banking system.

  215. Youri Carma | October 19, 2011 at 2:39 am |

    Over 20 Radioactive Hotspots Found in Tokyo … Despite Government and Media Attempt to Cover Up Spread of Radiation http://www.washingtonsblog.com/2011/10/more-than-20-radioactive-hotspots-found-in-tokyo.html

  216. Youri Carma | October 19, 2011 at 2:41 am |

    Monsanto’s Crimes Against Humanity with Jeffrey M. Smith http://www.infowars.com/monsantos-crimes-against-humanity-with-jeffrey-m-smith/

  217. Joe | October 19, 2011 at 3:10 am |

    The only solution

    Storm the banks, nationalize them, arrest the bankers, put them in prison, crush the casino gulag departments, hire honest men and women to run banks for the customers and shareholders.

    Follow the iceland model.

  219. Youri Carma | October 19, 2011 at 3:59 am |

    Nassim Taleb On #OccupyWallStreet And His Updated Views On The Global Banking System http://www.zerohedge.com/news/nassim-taleb-occupywallstreet-and-his-updated-views-global-banking-system#comment-1787546

  220. Uptick | October 19, 2011 at 4:17 am |

    @F. Beard |
    ) Buying gold or silver merely transfers money within the banking system from your account to the PM seller’s account.
    2) PMs, especially gold, are a traditional tool for banker oppression.
    Not sure if I am miss reading your coment? But
    Buying gold and silver transfers money from the banking system into my control.

  221. Youri Carma | October 19, 2011 at 4:20 am |

    Direct Link – Nassim Taleb: http://www.bloomberg.com/video/78027552/

  222. foober | October 19, 2011 at 4:28 am |

    its always a good idea letting someone else control your assests. har,ahar, harrharr. harr.

  225. F. Beard | October 19, 2011 at 5:04 am |

    Buying gold and silver transfers money from the banking system into my control. Uptick

    Gold and silver are not money (under our current system) unless the government recognizes them as money. Otherwise they are just commodities.

  226. Evolutis | October 19, 2011 at 5:05 am |

    “Message in a bottle” To the very rich 1% … Due to the phenomenal proliferation rate of things like a heightened capability for misinformation, technological malware, their ability and a sinister, alliance between them,… their feasibility, is increasingly diminished. They will eat their young. Things are not the same, same old. You are at risk; there is an “anonymous” within your 1% ranks. Then too, there is an anonymous outside your ranks.

    You cannot function within your artificial misinformation environment since you and members of your club, are far too unethical, and far too, technologically, capable, to sustain the pervasive, onslaught of your own IT, AI sciences and other global variants. Powerful underlings, wielding powerful tools within several language/cultural and yes, the age old volatility of religious entanglements are watching. Your quants are watching you from within and the quants of fellow plutocrats are watching from without. BTW, The 99 % are are on the streets around the world and also watching. TIC … TOCK

  227. Uptick | October 19, 2011 at 5:17 am |

    @F. Beard |
    Gold and silver are not money (under our current system) unless the government recognizes them as money. Otherwise they are just commodities.

    Yes under the current system.. But this “current system” was derived from silver and gold.

  228. Youri Carma | October 19, 2011 at 5:25 am |

    Mary Meeker’s Latest Awesome Web 2.0 Presentation About The State Of The Web http://www.businessinsider.com/mary-meekers-latest-awesome-web-20-presentation-about-the-state-of-the-web-2011-10

    RIAA-led mob threatens innovation, Senator warns http://www.theregister.co.uk/2011/10/18/riaa_biggest_threat_innovation_senator/

  229. F. Beard | October 19, 2011 at 5:30 am |

    But this “current system” was derived from silver and gold. Uptick

    Yep and it is a disaster as was the previous system.

    We need to abandon usury and allow currencies that “share” wealth rather than concentrate it.

  230. Youri Carma | October 19, 2011 at 5:46 am |

    @Uptick

    So why do the central banksters go trough such great lengths to supress the price of silver and gold? Don’t be a fool, think, think, think!

    “Gold is money. Everything else is credit” : J.P. Morgan, testifying to Congress in 1912.

    “Gold and Silver is the only money the elite rely on”

  231. F. Beard | October 19, 2011 at 6:01 am |

    Gold is money. Everything else is credit” : J.P. Morgan

    In the early days of the American Civil War Morgan financed a scheme, known as the “Hall Carbine Affair”, that purchased 5,000 dangerously defective Hall’s Carbines being liquidated by the U.S. Government at a cost of $3.50 each. The rifles were later resold to the government as new carbines lacking the safety flaw at a cost of $22. The audacity of the scheme included not only the $92,426 loss by the government and the selling of weapons known to maim their operators to an army in need of firearms, but the guns were also sold prior to ownership, thus the guns were paid for with money from their sale back to the government. Some authors have suggested that Morgan was somehow unaware that the guns were being resold, however scholarly opinion regards this as “implausible”.[3]

    Morgan during the American Civil War was required by law to either serve himself or provide a substitute; he paid $300 for a substitute while he worked to finance the Union war effort.[4] from http://en.wikipedia.org/wiki/J._P._Morgan

    Take the word of banker scum?

  232. F. Beard | October 19, 2011 at 6:03 am |

    But the truth is that US Government deficits create money which the banks then use to pyramid their own “credit” money on top of. Gold has nothing to do with it.

  234. Watch | October 19, 2011 at 6:41 am |

    F. Beard | October 19, 2011 at 6:01 am |
    In the early days of the American Civil War Morgan financed a scheme, known as the “Hall Carbine Affair”, that purchased 5,000 dangerously defective Hall’s Carbines being liquidated by the U.S. Government at a cost of $3.50 each. The rifles were later resold to the government as new carbines lacking the safety flaw at a cost of $22. The audacity of the scheme included not only the $92,426 ……..

    GOOD, little find !!
    Ya… now it’s in the Trillions $$$… nothing has Changed !!

    Like your “share”, would be soooo nice but it will never happen!

    Cheers.

    .

  236. Youri Carma | October 19, 2011 at 7:06 am |

    @F. Beard

    Every loan or mortgage given out by any bank is money creation.

    Banks are only interested in money streams against which they can leverage, securitise and sell on to others which creates new money streams which creates fees and profits for themselves and which in itself is a leverage against which they can make new loans.

    When the money stream dries up this leveraged system collapses leaving huge debt holes like we’ve seen. And I am not even talking about derivatives and CDS’s here which makes this system monstrous and unreal not to mention the fraud involved on all different levels.

    That’s why I say – 0 – FORCE MAJEURE! – Call Void All Bankster Bogus Derivative Debts! Because paying off these trough fraud induced debts have become a technical and practical impossibility. Level the bogus system out http://www.zerohedge.com/news/european-sovereign-debt-cant-we-all-just-net-along

  237. Youri Carma | October 19, 2011 at 7:14 am |

    Fed’s Lacker: Twist will boost prices not growth http://www.marketwatch.com/story/feds-lacker-twist-will-boost-prices-not-growth-2011-10-17

    Richmond Federal Reserve Bank President Jeffrey Lacker said Monday that he does not support the central bank’s Operation Twist move to help to recovery.

    “ My sense is that the main effect will be to raise inflation somewhat rather than increase growth ,” Lacker said in a speech to a business group in Salisbury, Md.

    Lacker said he was more worried than most economists about inflation, saying he doubts it will fall much below 2% for a sustained period .

    Lacker also said he did not support the Fed’s decision to reinvest proceeds from maturing agency mortgage-backed securities into the agency MBS market.

    Previously, the Fed had reinvested the proceeds into Treasurys.

    “ It is simply inappropriate, in my view, for a central bank to channel credit toward some economic sectors and away from others ,” Lacker said.

    The growing dissent at the Fed is “no cause for alarm,” Lacker said. Economic policymakers can disagree just like Supreme Court justices can disagree, he said.

    Bob Chapman explains ‘Operation Twist’ http://www.youtube.com/watch?v=73ZrBgi5rac#t=4m5s

  242. Evolutis | October 19, 2011 at 7:40 am |

    For all of you out there who think that this system can be “fixed “ if only we put right laws/regulation in place. If only we can prosecute a couple hundred bankers or so, we can go back to the success story and live happily ever after, with no chance the system will allow for an end run around our “fix;” is that the game plan?

    Fix this, then. An acquaintance from a neighborhood I used to live in before I was foreclosed on, a man in his forties, painter by trade, with a definite slowdown in work for the last few years got some bad news. He was paying $700.00 per month for medical “insurance” coverage for him and his family. U know “insurance”, a first cousin to the derivative stick up,[system] concept. Last month the painter skipped a medical insurance payment due to very little work. My wife just got off the phone and told me the painters’ 14 year old daughter was feeling ill and tests show she has tumors on her bladder and several spots on her lungs.

    It is a reach to think that a hedge fund manager, earning $1 billion to $4 billion, per year had anything to do with this on a personal level. It is not such a stretch, to think that this age old monetary, belief system has everything to do with it and other 14 year olds having the walls blown off their homes tonight.

  246. Apocalypto | October 19, 2011 at 7:45 am |

    @Uptick

    F. Beard constantly says these kind of foolish things.

    What is much better is just to withdraw actual paper currency. That actually removes reserves from the banking system.

    This is a perversely stupid notion, since 97% of the fiat currency “in existence” does not even exist in paper form. It’s bits and bytes on the banks’ computers.

    I have pushed F. Beard on this ridiculous notion a few times. He has never responded intelligently. Because he can’t. Some things are black and white.

    History has proven – over and over again – that owning physical gold has proven to be the smartest, wisest, most prudent and honorable method to combat government tyranny.

    And F. Beard wants us to go to the bank and “remove paper” and stuff it under our mattress. Think about that…

  247. kdt | October 19, 2011 at 7:46 am |

    @Youri Carma the type of money dose not matter at all, it is a mieduim of exchange nothing more any “store of wealth”is a market value of the exchange miedium involved
    it is not intrensic to it. using THERE money suply no matter how it is packaged IS the trap they use to control us. if we stop VALUING what they have then what they have will be worthless but that is the rub is it not, WE have to give up ALL holdings in the system that is opressing us not seek to reform it or take it over but to stop enableing its function in the first place.
    walk away, go home, take care of our selves, grow food in yards, trade for what you cant make for your self, DO NOT create a taxable foot print to be exploited by the usless eaters(the elite there minions and the welfare class they created*)

    *you can feel bad for the last group if you wish. it is not there fault they have been used, BUT there is not a thing ANYONE can do to help them, they will need to get up and do for them selves, no matter the best of intentions. if feeding the bears is a bad idea , how much more true is this for “man” the most dangerous species on the planet?

  248. Apocalypto | October 19, 2011 at 7:49 am |

    And, by the way, F. Beard…

    <i<Gold and silver are not money (under our current system) unless the government recognizes them as money. Otherwise they are just commodities.

    Gold and silver are money BECAUSE THE PEOPLE RECOGNIZE THEM AS MONEY. That is the point (and for some reason it’s not sinking in).

    I can only hope that people are too smart to listen to you.

  249. Youri Carma | October 19, 2011 at 7:50 am |

    As Greece Launches Latest 2 Day General Strike, Unions Warn Of Austerity “Death Spiral”

    It appears the irony of the vicious loop whereby more austerity means more strikes, means less tax revenues, means bigger budget deficits, means more austerity, means even more strikes , has not been lost on the population, and now, according to Reuters, local unions warn that the country “risks sliding into a “death spiral” if the government continues to slash salaries and lay off workers instead of cracking down on tax evasion and raising money from the rich, the head of the biggest public sector union said Tuesday.

    “ This will exacerbate recession, unemployment and state revenues will continue to fall, creating a death spiral. It must not continue ,” Tsikrikas told Reuters in an interview and urged lawmakers to reject the package when it is voted in parliament Wednesday and Thursday.”

  250. Youri Carma | October 19, 2011 at 8:06 am |

    @kdt

    If you have no money (like me) and you have to spend your money immediately inflation is less of a problem than if you want to store wealth over a longer period of time. Silver and gold is the way to go.

    I think the discussions divert too much in turning the whole system upside down which worked just fine until the fraud and not obeying and not enforcing the law came in. Many rules but non of them enforced and/or obeyed. Only a few rules have to be turned on again which were turned off:

    A – Reverse –>1999 Repeal of the Glass-Steagall Act that separated commercial from investment banking by the Clinton Administration.

    B – Reverse –>2000 Derivatives and credit default swaps were excluded from regulation.

    C – Reverse –>2004 The greatest mistake setting aside capital requirements by exempting the investment banks from maintaining reserves to cover losses on investments engineered and this allowed the investment banks to leverage financial instruments beyond any bounds of prudence.

  251. Youri Carma | October 19, 2011 at 8:12 am |

    @kdt

    The problem is that you can have a perfect system on paper but when you have satnists running the whole fancy fair it doesn’t matter. Every system relies on people and when people get crooked the system get’s crooked whatever rule or law.

    That’s why the ‘street law’ works fine cause it relies on people keeping the status quo or oterwise you get wacked.

  252. Youri Carma | October 19, 2011 at 8:16 am |

    I’am in my coffin folks!

    Meet ya’ll on the other side.

  253. Specky4eyes | October 19, 2011 at 8:56 am |

    ….Mervyn King, last night, finally admitted that the banks are insolvent.

  254. kdt | October 19, 2011 at 9:23 am |

    @Youri i am scraping by my self i cant see an ethical way forward in a system this corupt so i have withdrawn from it as much as i can it helps to have a trade, tools are what i buy with the little extra i save up not silver. i wont be selling them at any price. wich makes me wonder if silver and gold will retain there value in a crash like what is coming . if i cant use it this season what good is it ? can i eat it? these will be real questions for me to answer be for excepting somthing in trade. not saying that the historical norms wont be there in the long run but in the short term a tomato may cost you every silver dime you have on you.

  255. Specky4eyes | October 19, 2011 at 9:28 am |

    Well, it seems to me that the dilemma is about percentages. I need paper money to function in the economy, but I also recognise that the currency is under threat from inflation/devaluation and may collapse so therefore I need to convert some of my cash to something that seems safer. Nobody on this site can convert all their wealth into gold/silver or even cans of food. The dilemma is in judging the safest percentage. I bet even my dear Brother Beard has some precious metals?

  256. kdt | October 19, 2011 at 10:41 am |

    bill still gets this much right it is who is in control of the medium of exchange that is the most important thing , the isue is no mater who it is they will mess it up if history is any guide. the temptation to DO things will allways win . we need a decentralized system that we set up to run its self with a basic setup hashed out ahead of time with no way to change it later(rip us off)the only changes need would be to add or subtract user liquidity as population changes over time. it is a way to exchange goods nothing more all true value comes from us USING it the bankers will want it what ever IT happens to be

  257. Al Kyder | October 19, 2011 at 11:50 am |

    @ kdt Hi :)

  258. F. Beard | October 19, 2011 at 12:52 pm |

    And F. Beard wants us to go to the bank and “remove paper” and stuff it under our mattress. Apocalypto

    If you wish to damage the banking system, that’s the way to do it. Buying PMs just transfers reserves within the banking system; withdrawing paper currency removes reserves from the banking system.

  259. F. Beard | October 19, 2011 at 12:55 pm |

    Gold and silver are money BECAUSE THE PEOPLE RECOGNIZE THEM AS MONEY. Apocalypto

    Fine. Use them all you want as a private currency. But as for money that is accepted by the government, only money issued by the government is morally acceptable and it should be made of inexpensive materials, not gold or silver.

  260. F. Beard | October 19, 2011 at 1:10 pm |

    I bet even my dear Brother Beard has some precious metals? Specky

    Nope. I had to sell them even though I knew the price would go up. Well, I do have a silver “Walking Liberty” and a couple of small gold coins.

    As for fiat, look how countries are willing to screw their own citizens with austerity just to preserve its purchasing power! And they are doing it during a Depression – the worst possible time!

    But let everyone do as seems right to them.