Monday, October 6th, 2008...9:04 am
Max Keiser: Who’s afraid of the big, bad Dow?
The latest Max Keiser market blog on Intrade.
This is big, bad news for the McCain campaign which has decided to begin scaring these already freaked out security mom voters with stories of bigger scary things, like home grown terrorists from way back in the 1960’s? Hockey mom Palin has made repeated claims this past weekend that Obama ‘pals around with terrorists.’ Unfortunately for these McCain team scare tactics, the Dow is actively terrorizing Americans’ 401ks day in and day out for the past two weeks. Ayers, meanwhile, acts all too respectable and bespectacled at some university in Chicago. Either Ayers picks up a hand grenade soon, or I see McCain/Palin’s latest fear tactics backfiring big time. For, while this Rovian strategy of freaking out the voting population has worked for eight years, the same voters McCain/Palin are trying to scare are far angrier than they are scared. And I suspect the blatant attempt to make their bad situation even more frightening will see these voters pay McCain back with an electoral kicking.
12 Comments
October 6th, 2008 at 11:49 am
Be afraid .. very afraid!
Watch this 48 sec where Rep. Brad Sherman explains how members were threatened that, unless they backed the bailout - er, I mean, mean the “rescue plan” as it’s now called - they would see the Dow drop thousands of points and there would be troops on the streets within days.
http://uk.youtube.com/watch?v=HaG9d_4zij8&eurl=http://www.dailypaul.com/node/66354
Global credit crisis is like 9/11, says New York Mayor Mike Bloomberg (he has a point: both are “inside” jobs!)
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3146480/Global-credit-crisis-is-like-911-says-New-York-Mayor-Mike-Bloomberg.html
October 6th, 2008 at 3:02 pm
Is there no Intrade contract for “US.BankHoliday.Dec08″ or similar?
Bob Moriarty from 321Gold.com was giving it a 95% chance within 10 days, and that was on Saturday.
October 6th, 2008 at 3:27 pm
Tonight, at 2:00am (CST) begins the bleakest phase of the so-called information-age, as we learn that the truly important information we need to base our lives upon isn’t being passed out to the common citizens. And people are often really stupid, especially those who deliberately ascribe to the Carnegie/Rockefeller school system, wherein we learned: ‘the market will never crash again.’ - Who among them will later admit that I had said, PLEASE take your money out of the banks by tonight! [10-7-2005 ~@ 7:10 UTC ]
(It’s not my prediction) see:http://www.urbansurvival.com/week.htm
…since you asked, i’ll bet on another drop @ -1.4¢ to -4.2¢ on the Euro, as Paulson tries one last pitch at propping-up the dollar. As to which currency enters real freefall first, I think it may be the Euro, and betting Gold at $1,100. by Friday PM doesn’t seem crazy at all.
Aside from Food and Firearms, Silver coins are doubtless the best cash to have on hand!
October 6th, 2008 at 8:24 pm
Max,
Are you sure you talked to some traders at the WTC two weeks before the engineered event, and they where shorting American and United. I hope you where just kidding. Are you implying that they where going to keep mum about this at the peril of those folks in NY,NY. Sick bunch of fucks
Not the kind of stuff I would impart.
October 6th, 2008 at 8:30 pm
Where are the brass balls and where is the America that I know?
Where are the Americans that take no crap from anyone? The Americans that aren’t scared of anything? The Americans that fought a war on two fronts in the 40’s and where a major contributor to the victory against the allies?
More importantly, where are the Americans that get off their asses and are getting something done.
53% are angry so at least 53% of the people of that once proud nation should be out there and do something about it. Or is it that they got so McFat that they are morphing into a wuss nation and will submissively accept the beating?
October 6th, 2008 at 9:55 pm
SHOULD I BE HAPPY TO BUY GOOG AT $5? PROBABLY. ONLY THING MORE VALUABLE THAN MONEY THESE DAYS IS VOLATILITY. WILL MAX BE HAPPY WITH GOLD AT $5. HMM…
50,000 x 5 IS $250,000. THAT AND $10 BUCKS WILL GET YOU A FRAPUCCINO. I’LL TAKE THE GOOGLE STOCK. PURCHASING POWER FOR 2000 YEARS WORKS IF YOU’RE GONNA LIVE 2000 YEARS. OTHERWISE, YOU GOTTA BUY LOW AND SELL HIGH AND VICE VERSA. SOMEBODY OUT THERE HAS LEARNED THE SELL HIGH LESSON VERY WELL!
October 7th, 2008 at 1:48 am
Hey Jay Walker, sounds like a romantic view of the USA. Not one that I recognise. The two fronts fought in the 40’s… is that where the US fought alongside the UK whilst providing support for the Nazis. Win-win I think they call it in business circles.
Look, nothing has changed - the politics of the US have been dirty for years. Everytime someone tries to resurrect the ‘dream’, another Marcus Garvey takes a whack and skull and bones wins again.
Don’t get angry, get even. What is the point at frothing at your own shadow.
October 7th, 2008 at 5:59 am
IMMINENT COLLAPSE IN THE £ STERLING?
1. UK effective exchange rate index, 1990 - 2008:
http://www.tutor2u.net/blog/files/sterling_falls_0408.gif
2. What are the current parallels with the experience of the pound falling out of the ERM in 1992? Is Alistair Darling the new Norman Lamont?
http://www.google.co.uk/search?hl=en&q=ERM+1992&btnG=Google+Search&meta=
3. To what extent is the pound vulnerable to what has recently happened to the Icelanic krona?
http://www.google.co.uk/search?hl=en&q=%22Icelandic+krona%22+collapse&btnG=Google+Search&meta=
4. Whatever the short-term palliatives and (quack) remedies adopted by our (overwhelmingly unelected and unaccountable) ‘policy-makers’, is it not the case that the fall (and possible collapse) of sterling is the result of unchangeable fundamentals (overextended debt levels, an absurd asset bubble, a massive budget deficit, political ‘rulers’ who seek to rediscover a lost British Empire through illegal and immoral invasions of Iraq and Afghanistan etc etc), and the long-term overvaluation of sterling?
http://www.google.co.uk/search?hl=en&q=decline+sterling&btnG=Search&meta=
5. Fancy taking Max Keiser of Karmabanque’s advice on moving assets into gold and (possibly) the Japanese Yen?
http://karmabanqueradio.com/2008/10/06/max-keiser-on-exploding-bond-devices/
6. If sterling does collapse, would it be worth a) joining the Euro, b) asking, very politely, to join the currencies of the BRICs - Brazil, Russia, India and China, c) creating an alternative currency system such as LETS or the localised Transition currencies (eg the Totnes pound) or c) abandoning money entirely and returning to non-monetary barter in order to adapt to the era of peak oil and climate change?
http://www.google.co.uk/search?hl=en&q=barter&btnG=Search&meta=
?
tetsudoh@gmail.com
October 7th, 2008 at 6:49 am
I second Freelearners question. Is there a contract for a Bank Holiday?
From the Bronx comes this song about the bailout.
Rebel Diaz “A Trillion”- NO BAILOUT FOR WALL ST. CROOKS!!
http://www.youtube.com/watch?v=6QQbRXaGsjM
October 7th, 2008 at 3:48 pm
Have a look at this… http://www.youtube.com/watch?v=NT-2fenmLnc
October 8th, 2008 at 4:41 am
Nice piece of work by a great artist.
http://www.notcot.org/post/14718/
October 8th, 2008 at 10:31 am
Sure do miss podcasts at a time like this.
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