Zero per cent interest? That is what interests rates SHOULD be: anything ABOVE zero is exactly what the problem in this word is. Minus interest, the fiat currency could not exist, as it would have No Purpose.
On what fucked up planet would a people allow themselves to be fucked in the ass by a few bankers who loan them the very cash that THEY, the workers, create through their labour???
Gold is nice. Guns are better. The entire fiat system of debt creation is the essence of the problem and it can only be fixed by KILLING the vermin who propagate this perverse Indentured Slavery of the working class.
I’m amazed at Stacy’s ability to keep track of so many names. I barely can remember my own.
You guys ought to discuss Eric deCarbonnel’s recent posts on http://www.marketskeptics.com about the possible (likely) COMEX default on gold in December, and what this means for gold + silver.
WTF? Stampeding shoppers at Wal*Mart were starving? No, they weren’t. They were a herd of amoral, sub-human morons who were more interested in the betterment of themselves at the detriment of anyone in their way. It was exemplary of Bush-era values and the acceptance of societal indifference by his uneducated, Republican base. It was disgusting!
as you know the banksters can fool some of the sheeple some of the time but they canott fool all of the sheeple all of the time .eventually homer and marge will realise that what lisa and bart have been telling them is true that they have been fucked over for a buck. then the third party which i believe will be on the lines of ron paul .the constituition party will be created this will have such overwhelming support that obama will be just a bad memory .tv papers will be more open and truth will only be accepted people will say fuck the x factor danceing with the stars we are bloody starving. realisation will slowly percolate into thier minds .people like brad pitt britney spears paris hilton will be seen as part of the problem not part of the solution. i believe ron paul ralph nader will go down in history as very honest truthfull patriots who will be held up as excamples of how leaders should conduct themselves. this casino type culture is going to be over bush cheney paulson bernanke and the banksters will be hated and a lot of them will be put on trial and executed the lid is going to blow very soon and then for a while civil war is going to come to america . the spilling of patriots blood will be inevitable at the end of all of this it will rejuvenate america and bring about a america which the founding fathers will be well satisfied and proud
Good point about how low interest rate and high inflation dis-incentivise saving and working.
The ECBs ridiculously low interest rates caused a property bubble here in Ireland and a lot of people gave up their jobs to be full time property investors. You cant really blame them, when the average salary from working is 35k, but you could make the same amount of money just by owning an apartment and watching it go up in value every day. Ordinary people were buying three or four apartments each, using borrowed money. That pushed prices ever higher.
Now the bubble has popped. The government is trying desperately to stop prices falling. They have even set up a state backed subprime mortgage lender (www.homechoiceloan.ie) which will give out mortgages to suckers to buy unsold apartments from their cronies in the construction business.
A lot of people want to emigrate again, but there is nowhere to go, since the whole world is in recession.
Max,
your too generous Irelands economy shambolic, I would have said catastrophic. However having the Euro as our reserve currency should allow for a descent into genteel poverty as opposed to poor oul Icelands plummet, not that we deserve salvation. The greed & stupidity I encounter on my return here after being away for 17ys is mind boggling. I reluctantly scarpered out of London returning to Dublin with much optimism, well fuck me good and proper. I wanted to give my kids an Irish experience, well there going to have one, somewhat akin to the Great Famine.
Our minister for finace last week said it was our patriotic duty to go out and shop for Ireland, hmmm, where have I heard that one before.
Also our state propaganda machine RTE’s big story of the week regarding Obama. What type of dog will he get his daughters when he moves into the White house, I kid you not, I’m not sure whether I wanna spit or shit.
On the plus side I had expected to buy a nice house by trading in some of my gold (ta very much M&S), however I know think that I’ll be able to do that with the silver I bought instead. Another plus sign this time regarding culture, a band I was very fond of in the early 90’s http://www.youtube.com/watch?v=cWsHXX_HLKs (this is the 90’s song)
whos fortunes waned as the tiger roared have released a new album for the first time in 10yrs (could this be a signal for an Irish republican renaissaince).
Now I know yer no fan of Bob Geldof (who is), but this was one the BoomTown Rats big hits apparently written about Ireland, banana republic septic isle, http://www.youtube.com/watch?v=aF_HSCmnFTA
Anyway in the words of Mahatma Ghandhi ‘never let the bastards grind ye down’.
“…Globalization really, when you look at it historically, in a century’s old context, is a future variant of imperialism. Imperialism is that system which the leading dominant elements in one country expropriate the land, the labour, the resources, the capital … of other peoples of other countries. And imperialism, imperialism itself, is an expansionist form of capitalism.”
In light of the derivatives melt down, 9/11, and most recently Mumbai, one has to ask cui bono? to understand who and what is behind these apparently disparate events.
Parenti would be the perfect first guest for Max’s BBC show…
Could you make a comment about the free lakota bank? Apparently the have broken off from the US and convert any money you deposit into true gold/silver..
70’s terrorism? You guys are way behind in the tinfoil department. Baeder-Meinhoff, Red Brigades, et al turned out to be NATO special forces, assisted by CIA & MI-6. It was the Euro military-industrial complex murdering its own citizens & creating a Cold War anti-communist panic in order to take away civil liberties, same as the US/UK use the War on Terror (also based on false flag attacks) to do the same today. That’s why de Gaulle kicked out NATO in the late 1960’s, because he knew what they were really doing.
“The man with the Golden gun” must be the most happy one
But ” Duncan Idaho ” the Bankers say that your interest rates are zero but I am Dutch and we where the first to experience what they called in that time “Windhandel” trade in nothing but air with the Tulip mania from 1637. Tulip contracts sold for more than 20 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble.
The father of my friend came from a Tulip boll trade family for generations and had a original etch made after this event - Lots of wind puffy clouds blowing around - in a short description.
But zero rates could also be negative if you simply call it “administrative costs” the even can say you get 4% and than give you an amount of 5% cost.
“But zero rates could also be negative if you simply call it “administrative costs” the even can say you get 4% and than give you an amount of 5% cost.”
This has been the story in Japan in the past year. . .
If you have a bank account in most Japanese banks and you have less that 500,000yen ($5,143 about) in savings, you are charged a monthly fee.
If you take money out of most Japanese banks. . .even at your own atm. . .they charge you for that service. . . .
“administrative costs”
Many Japanese people keep 4-5 万(4-500 dollars) in their wallets. . . .(I wonder why. . .)
” that contracts made in the height of the mania, or prior to November, 1636, should be declared null and void, and that all after that date should be released on payment of ten percent. ”
” When the financial panic had somewhat subsided, the tulip-holders in the several towns and cities held public meetings to restore public credit. Deputies were sent from all parts of Holland to Amsterdam to concert with the ministry; for a whole nation was affected. Government refused to interfere, and advised the tulip-sellers to settle among themselves. But complaints rose high, and the meetings became of a stormy character. At last it was agreed, after much bickering and ill-will, by all the deputies assembled at Amsterdam that contracts made in the height of the mania, or prior to November, 1636, should be declared null and void, and that all after that date should be released on payment of ten percent. But this decision only gave satisfaction to those whom it relieved. Those who had tulips on hand which they had sold at high prices, but had not delivered, became greatly discontented. Tulips worth at one time $2400 now sold at $200, so that one-tenth was more than they were worth. Again the whole matter was referred to government, and again government refused to interfere. Those who were unlucky enough to have a large stock of tulips on hand at the time of the fall were left to bear their own loss. But the commerce of the country received a shock from which it took years to recover.”
WTF- Bernanke also noted that John Maynard Keynes once “semi-seriously proposed, as an anti-deflationary measure, that the government fill bottles with currency and bury them in mine shafts to be dug up by the public.
Semi serious is half serious - but such a thing doesn’t exist so he must be the “serious sucker” about this and what does he mean by ” bury them in mine shafts to be dug up by the public ” is he kiddn’ Me!?
We have to dig his shit, his electronic infidel gold mine shaft manipulation bs , commodities or what!!!??
WTF- “ease the transition to the next expansion.” That’s exactly what they are doing now!!!! Possible? Don’t think so.
[Former Fed Chairman Alan] Greenspan promised to ‘mitigate the fallout’ from asset deflation. How does a central bank do that? By reflating asset prices, or, as Greenspan euphemistically put it in his 1999 testimony,
This market is totally rigged.
Last week they are buying like monkeys till the last minute, and this week start premarket -2,5% and it goes down the whole day and ends on the daylows. They traying to shake the people out. Casino-Gulag
But in the Casino are existing rules on the capitalmarket there no rules. So Casino is better.
Hi from NYC,
Re: Reuters condom size story. I think you’re wrong about French men lying about their dick sizes due to overcompensation or approximating their cock size. French penis size survey replyers lied because of a sense of entitlement. Here is how it works: false reputation as worlds greatest lovers makes them feel entitled to an extra 2 inches, either that, or they leverage their precious cock size by starting to measure their dicks from the far side of their assholes. There’s a financial instrument rating analogy here somewhere, but I am too grossed out to unwind it. Love your ‘gallows humor’, Happy Thanksgiving! GT
70s: some of the terrorist acts of the 70s in the wake of operation Gladio were NATO(CIA/MI6) operations designed to frame communists to turn public opinion against communism.
$: Could the black hole of fake derivates be a means of destroying $ on purpose to avoid devaluation of the $, or is this all a out of control and unforseen(for those who caused it) situation. Because printing tons of money to finance your empire will only result in the devaluation of the curency if its in circulation, but if you make a fly-paper trap and bait those with it into a worthless investment you can in effect recover that money back and destroy or transfer it and park it in an account throwing away the key.
Small Currency: Is there a way small countries can protect their small currencies from speculation and naked short selling?
“Where are the poor people” in France: Visiting France is one thing, you might get annoyed by a worker’s stike or another. But imo its impossible to imagine how bad we are being raped as workers in North America until you have worked the same job in France, from my experience anyway. 5 weeks vacation, minimum, most of my coworkers there had 7 weeks vacation and acted as if there was nothing to it. Getting back to NA you feel like shaking people up in the street like Charleton Heston’s “Its made out of people!” (’were getting screwed!’) but people are so accustumed/brainwashed to getting little vacation (if not going as far as not taking what vacation they have) that getting 5+ weeks and using it doesnt compute. And if you eventually get something half-decent after years of loyal serfdom you sometimes cant switch jobs without forefiting that.
Gansers NATOs Secret Armies is an excellent book. I also recommend Predatory States (about Operation Condor) by McSherry, which broadens the subject to another continent. And to top it off I recommend Killing Hope by William Blum.
It opening gambit is worth quoting here:
‘Our fear that communism might someday take over most of the world blinds us to the fact the anti-communism already has.’ — Michael Parenti
[...] Max Keiser Radio — [1003] The Truth About Markets (29 November 2008) "Cheap money-assisted suicide." — Their best yet. MaxKeiser podcast fraud debt economics [...]
Re: hefty French langers, we are I assume talking about width size, everything in order then.
Condoms were illegal in Ireland up until the early/mid 80’s (if my memory serves me), the problem was ’solved’ by using empty crisp packets apparently the corners, not to mention the various flavours cheese & onion, salt & vinegar et al enhanced the experience, necessity the mother of invention not ‘alf.
Where are you beautiful people?…
I need my Max and Stacy Fix……because there is little integrity and honour and straight talk and genuine heart felt laughter left in this world casino of curruption and sellouts….
you two are good for my Soul….
Its good to know there are others out there that value integrity and have life running through their veins….
Max & Stacy ..what do you think of the Swiss economy and the Swiss Franc?
The yen is on an Artificial bubble too is it not?
so are we seeing bubbles replaced by bubbles at the moment?…the dot com bubble replaced by the realestate bubble(or low interest rate bubble)…being replaced by the leveraged derivative bubble..replaced by the currency bubble?-of yen and usd ?(when the usd starts dropping how will the yen react?)….
so when the deleveraging stops …will the next bubble will be real assets because of the risk factor and the scarcity of credit which will touch only transparent assets such as food ,agriculture,oil,gold.sugar ,cotton….
or will this Green alternative technolgy be the next bubble?…..
you two bring such clarity……
Thanks …..& when is the the Truth about Markets–Max & Stacy seminar going to be held?…..France in the countryside would be great…..
Some of us, at least, were aware that B-D and Red Brigade were CIA ops 35 years ago. Loooong before the internet we had something called “short wave radio”, and it worked. Probably better than today’s internet, because most of us actually took it Very Seriously due to the intimacy of it.
“Past is prologue.”
People of my generation - approaching 50 - who knew what was what, were waaaaay ahead of the game as opposed to the youth of today - even with their technological advantage - for the simple reason that the brainwashing was so fucking obvious back then and we weren’t being fed doses of docile-producing GMO, 24/7 agitprop, and other simplistic means of mind-manipulation.
Show me a “mainstream”-like magazine today that would tackle subjects like JFK/RFK/MLK assassinations, imperialism, nuclear war, criminal government, the way that, in the 70’s at least, such publications as Rolling Stone, Crawdaddy, High Times, or even fucking National Lampoon did??? Even CIA “Ground Zero” - the NYT - had their moments of lucidity!
Today’s truth warriors are so far behind where we were even 30 years ago that it is fucking downright disheartening. It’s Sad.
In all seriousness: if the average 20-something of today knew a tenth of what i knew in 1978, they’re fucking heads would explode.
To the person who posted the link about the banking crash that led to the dark ages:
“Perpetual Rents
In Italy itself, these bankers loaned aggressively to farmers and to merchants and other owners of land, often with the ultimate purpose of owning that land. This led by the 1330’s to the wildfire spread of the infamous practice of “perpetual rents,” whereby farmers calculated the lifetime rent-value of their land and sold that value to a bank for cash for expenses, virtually guaranteeing that they would lose the land to that bank. As the historian Raymond de Roover demonstrated, the practices by which the Fourteenth-century banks avoided the open crime of usury, were worse than usury.”
The opposition parties have signed an accord to replace the minority government with a coalition to govern through the recession. Max, you won’t like it cause the opposition have proposed a Keynesian policy agenda (i.e. stimulus).
Robert Fisk on the curse of watching history: “…Our need to refuse to accept the narrative of history as it is laid down by our Presidents and our Prime Ministers and our Generals, and our journalists, for the most part.”
Looks real? Native Americans Fed up with FED. Lokate Indians gonna blow up the FED…sort of or…..?
About Free Lakota » A New Standard of value
“Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion…when you see that in order to produce, you need to obtain permission from men who produce nothing…when you see your laws don’t protect you against them, but protect them against you…when you see corruption being rewarded and honesty becoming a self-sacrifice…you may know that your society is doomed.” “Atlas Shrugged”
At the Free Lakota Bank, we issue, circulate and accept for deposit only AOCS-Approved silver and gold currencies. Silver & gold are a store of value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Since we deal only in real money, we do not participate in any central bank looting schemes.
Money is made possible only by those who produce. Paper is not money, instead merely a promise to pay. We hope that some day the rest of the world will awaken from the American Dream: the dream that a person can sustain life by consuming more than producing. We call it the American Dream because you must be asleep to believe it. Well, that dream now has a silver lining; as people discover the dream is really a nightmare, the only solution is a return to value: value that comes from production and honest trade.
Seems more and more people are suspecting the “terrorsists” are manufactured and allowed or even supported by the global banking mafia.
As soon as people stop falling for this scam, get ready for the next one:
The Global War On Aliens.
Thats rights, Alien Terror Attacks will be the funding element for new defense spending and programs.
New weapons will be used on unsuspecting populations and alien beings will be blamed. All you need is a few grainy photos of their crafts and the wackos will come out of the woodwork claiming “I saw them!”
Max and Stacy,
Another great show indeed. You guys keep getting better and better … but Stacy, keep up the work on the potty mouth training, the boy sure does get distracted easily.
You’re probably busy getting ready for the new show but here’s a few issues that I could use more info on if you’re so inclined.
The COMEX is about to get drained by 31% of the gold available for delivery in December. All things being equal does that mean that it would only take two more months of similar effort and the COMEX would be down to around 9%? Is it possible to take delivery every month? Is the same thing happening on other gold markets around the world? How long before we have to stand in line at the mines to get physical delivery?
The FED is playing hard to get concerning some “redacted” assets on it’s balance sheet and Mr. Bloomberg is taking the matter to court, do you have any info for us in the trenches? Is it possible that some foreign government has cut in line and is demanding to be cashed out of the casino so they can get in line with the big banks for the coming feeding frenzy? Possibly one or more of the Gulf states since they are in good with the Bushwhackers and it’s the end of their last act?
Or it could be China, they need cash for their $600 Billion stimulus package and they are also going to increase their gold holdings in reserve.
This all came together around the time of the G20 summit in DC, maybe this first meeting was to determine some kind of pecking order for exiting the dollar or reducing holdings? The best made plans ….
What ever happened to the BIS wanting to audit the FED? I read somewhere that Bush convinced them to hold off until after he’s left the country, I mean after the runaway jet lands in Paraguay, I mean Crawford. Perhaps around the time of the next G20 meeting in March/April?
Obamas’ first two quarters are looking pretty explosive, throw a GM bankruptcy on top of the bonfire and perhaps we could see the DOW and gold converge by the 4th of July?
Around $3500?
We need someone like Orson Welles to turn this into a movie …
I also miss their radioshow, i guess they got the first salary from BBC and now they on vacation before the hyperinflation will destroy the worth of the GBP.
M&S always ahead the mass!
This phenomenon is even lectured in some (faulty in my opinion) Management books based upon the New York Cab drivers experience. If they get payed too much they go home early. Advice; don’t pay them too much.
I think that’s wrong. They should go home early and enjoy some leisure time and at the same time another Cab fellow can make some bucks too. So, what is wrong with that? Nothing!
Or maybe Stacy & Max outsource their pod cast job to some guy from India.” Your a very Impotent person Maxosan “. Actually he said; ” Important person “, but he’s from India ahaha
The world is spinning fast these days and I had to continue my research without you guys (snik, snik Stacy & Max).
Also in the Netherlands they are talking about a second injection for the very very sick patient. These medicaments are very expensive nowadays.
Funny you should ask that . . . Max is at the cafe having his ninth or tenth cuppa java of the day.
We are still here. Sitting in our new office in the Champs Elysee writing writing writing like busy bees.
We begin recording the Oracle in oh about ten days time and have lots of special fun stuff to write.
We will be doing our Saturday truth about markets show and perhaps a Sunday show in between now and the 18th when we will be back full time for a short time . . .
Love your show and thought I would send along some of my observations on Black Friday here in the states.
I arrived 15 minutes after the doors opened at 5am at Circuit City in Rochester NY.
I wanted 1 item and was not willing to die for it by getting in line. However I did see some interesting things during my visit.
2 customers just ahead of me in an hour long line had their credit cards refused in succession. These people were the only ones I personally could see and hear this happen to.
I thought this was an unusual occurrence and possibly a co incidence but as I left the store and continued to shop I witnessed 5 more customer credit cards refused that were ahead of me or within ear shot in various lines in different stores. (How many more refusals could there have been if I witnessed 7? And how did this refusal affect overall sales figures for the day? Seems the banks were fighting against the stores on Black Friday.
Other odd new things I have recently witnessed here in the US.
While shopping in Buffalo NY at the Galleria Mall.
I saw credit card readers have been installed in the halls of the mall for people to check their credit balance on. Wow are things that bad that people have to see if there is even a dollar left to put on their cards?
I did witness the shelves stocked very well in both Department and Grocery stores contrary to what you have heard reported. No shortage of goods just a shortage of credit here.
I shop during the Christmas season. Other than that I stay away from the malls. I pay cash for purchases (even vehicles). I don’t own a credit card I refuse to get on the credit train.
I do owe on my house but it’s a fixed 15yr loan. I hope to out from under that asap.
I’ am sure I will be as broke as anyone if things fall apart but I’ am doing my best to survive.
I heat my home with the devil’s coal. Most of the people in my area have made a serious switch to wood heat. Screw you Exxon Mobil. Sorry to the environment I hope to do better soon.
By the way I wanted a Flat screen TV on black Friday. Circuit City was out but ordered it for me at the Black Friday price. The only store that would do this (They need the cash as they are going broke so I took advantage)
Anyway
Merry Christmas and I hope Max’s gold works out for him.
I am investing on being more self reliant as best I can as I don’t know what else to do.
i find that extremely uncomfortably tight pairs of shoes and underpants helps a man to focus in hyper-important times, such as make-or-break meetings, court testimonies, and tv appearances.
now you know the secret stacy, clip a pair of electrodes down there, you can get them at any liberal dog or pet shop. they’re used for training.
50 Comments
November 29th, 2008 at 3:45 pm
Zero per cent interest? That is what interests rates SHOULD be: anything ABOVE zero is exactly what the problem in this word is. Minus interest, the fiat currency could not exist, as it would have No Purpose.
On what fucked up planet would a people allow themselves to be fucked in the ass by a few bankers who loan them the very cash that THEY, the workers, create through their labour???
Gold is nice. Guns are better. The entire fiat system of debt creation is the essence of the problem and it can only be fixed by KILLING the vermin who propagate this perverse Indentured Slavery of the working class.
Either you are a slave or you are not: choose.
November 29th, 2008 at 5:01 pm
MAx could you comment on the -london gold fix -isnt fixing the price the same as manipulating the price? Thank you
November 29th, 2008 at 7:00 pm
hooooly, i woke up this morning and looked in my stash and there was no Truth about markets, i was almost in withdrawl!
*Sigh of releif
November 29th, 2008 at 10:42 pm
I’m amazed at Stacy’s ability to keep track of so many names. I barely can remember my own.
You guys ought to discuss Eric deCarbonnel’s recent posts on http://www.marketskeptics.com about the possible (likely) COMEX default on gold in December, and what this means for gold + silver.
November 29th, 2008 at 10:44 pm
WTF? Stampeding shoppers at Wal*Mart were starving? No, they weren’t. They were a herd of amoral, sub-human morons who were more interested in the betterment of themselves at the detriment of anyone in their way. It was exemplary of Bush-era values and the acceptance of societal indifference by his uneducated, Republican base. It was disgusting!
November 30th, 2008 at 4:40 am
as you know the banksters can fool some of the sheeple some of the time but they canott fool all of the sheeple all of the time .eventually homer and marge will realise that what lisa and bart have been telling them is true that they have been fucked over for a buck. then the third party which i believe will be on the lines of ron paul .the constituition party will be created this will have such overwhelming support that obama will be just a bad memory .tv papers will be more open and truth will only be accepted people will say fuck the x factor danceing with the stars we are bloody starving. realisation will slowly percolate into thier minds .people like brad pitt britney spears paris hilton will be seen as part of the problem not part of the solution. i believe ron paul ralph nader will go down in history as very honest truthfull patriots who will be held up as excamples of how leaders should conduct themselves. this casino type culture is going to be over bush cheney paulson bernanke and the banksters will be hated and a lot of them will be put on trial and executed the lid is going to blow very soon and then for a while civil war is going to come to america . the spilling of patriots blood will be inevitable at the end of all of this it will rejuvenate america and bring about a america which the founding fathers will be well satisfied and proud
November 30th, 2008 at 5:33 am
Good point about how low interest rate and high inflation dis-incentivise saving and working.
The ECBs ridiculously low interest rates caused a property bubble here in Ireland and a lot of people gave up their jobs to be full time property investors. You cant really blame them, when the average salary from working is 35k, but you could make the same amount of money just by owning an apartment and watching it go up in value every day. Ordinary people were buying three or four apartments each, using borrowed money. That pushed prices ever higher.
Now the bubble has popped. The government is trying desperately to stop prices falling. They have even set up a state backed subprime mortgage lender (www.homechoiceloan.ie) which will give out mortgages to suckers to buy unsold apartments from their cronies in the construction business.
A lot of people want to emigrate again, but there is nowhere to go, since the whole world is in recession.
November 30th, 2008 at 7:51 am
Gold is nice. Guns are better.
yeah pretty much. . .
Hmm what about new zealand for emigration? you could like make a farm there.
yes many places are in recession, but only a few countries are in danger of having their currencies drop to. . .zero in value.
November 30th, 2008 at 7:53 am
one more question,
Could someone explain in simple terms what collateralized debt obligations, and derivatives are in very plain English?
I tried looking it up but I couldnt understand what I was reading. . .
November 30th, 2008 at 7:54 am
debt
- stacy
November 30th, 2008 at 7:54 am
Max,
your too generous Irelands economy shambolic, I would have said catastrophic. However having the Euro as our reserve currency should allow for a descent into genteel poverty as opposed to poor oul Icelands plummet, not that we deserve salvation. The greed & stupidity I encounter on my return here after being away for 17ys is mind boggling. I reluctantly scarpered out of London returning to Dublin with much optimism, well fuck me good and proper. I wanted to give my kids an Irish experience, well there going to have one, somewhat akin to the Great Famine.
Our minister for finace last week said it was our patriotic duty to go out and shop for Ireland, hmmm, where have I heard that one before.
Also our state propaganda machine RTE’s big story of the week regarding Obama. What type of dog will he get his daughters when he moves into the White house, I kid you not, I’m not sure whether I wanna spit or shit.
On the plus side I had expected to buy a nice house by trading in some of my gold (ta very much M&S), however I know think that I’ll be able to do that with the silver I bought instead. Another plus sign this time regarding culture, a band I was very fond of in the early 90’s
http://www.youtube.com/watch?v=cWsHXX_HLKs (this is the 90’s song)
whos fortunes waned as the tiger roared have released a new album for the first time in 10yrs (could this be a signal for an Irish republican renaissaince).
Now I know yer no fan of Bob Geldof (who is), but this was one the BoomTown Rats big hits apparently written about Ireland, banana republic septic isle, http://www.youtube.com/watch?v=aF_HSCmnFTA
Anyway in the words of Mahatma Ghandhi ‘never let the bastards grind ye down’.
Exsisto felicis.
November 30th, 2008 at 8:47 am
Michael Parenti on the inability of capitalism and democracy to co-exist,
http://216.240.133.177/archives32/Chossudovsky/2008/11/Chossudovsky_2_111708_120000.mp3
And of course his devastating expose on Globalism, Terrorism, Corporatism, and Conspiracy and how they are inter-related and of a piece,
http://www.youtube.com/watch?v=JOkQzQYY2lY
“…Globalization really, when you look at it historically, in a century’s old context, is a future variant of imperialism. Imperialism is that system which the leading dominant elements in one country expropriate the land, the labour, the resources, the capital … of other peoples of other countries. And imperialism, imperialism itself, is an expansionist form of capitalism.”
In light of the derivatives melt down, 9/11, and most recently Mumbai, one has to ask cui bono? to understand who and what is behind these apparently disparate events.
Parenti would be the perfect first guest for Max’s BBC show…
November 30th, 2008 at 10:24 am
Could you make a comment about the free lakota bank? Apparently the have broken off from the US and convert any money you deposit into true gold/silver..
Cheers
Dave
November 30th, 2008 at 10:51 am
It’s not the real Lakotah Nation. It could be a scam:
http://www.dailypaul.com/node/74203
November 30th, 2008 at 2:48 pm
70’s terrorism? You guys are way behind in the tinfoil department. Baeder-Meinhoff, Red Brigades, et al turned out to be NATO special forces, assisted by CIA & MI-6. It was the Euro military-industrial complex murdering its own citizens & creating a Cold War anti-communist panic in order to take away civil liberties, same as the US/UK use the War on Terror (also based on false flag attacks) to do the same today. That’s why de Gaulle kicked out NATO in the late 1960’s, because he knew what they were really doing.
http://tinyurl.com/669r5z
November 30th, 2008 at 4:43 pm
Hi Freelearner, you might be interested in this BBC documentary on Operation Gladio.
November 30th, 2008 at 6:44 pm
“The man with the Golden gun” must be the most happy one
But ” Duncan Idaho ” the Bankers say that your interest rates are zero but I am Dutch and we where the first to experience what they called in that time “Windhandel” trade in nothing but air with the Tulip mania from 1637. Tulip contracts sold for more than 20 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble.
The father of my friend came from a Tulip boll trade family for generations and had a original etch made after this event - Lots of wind puffy clouds blowing around - in a short description.
But zero rates could also be negative if you simply call it “administrative costs” the even can say you get 4% and than give you an amount of 5% cost.
November 30th, 2008 at 8:54 pm
ok, max….
you’re homer simpson, now relate these markets to donuts.
now you’re vince mcmahon, so realte them to wrestling.
what? now you’re hugh hefner, so relate it to publishing.
you’re a fish, so relate money to water.
you’re a computer, relate it to software.
you are a surgeon, relate it to kidneys.
great show m+s.
another weekend classic.
-obm
November 30th, 2008 at 9:04 pm
most of all, many of us are still waiting for you to relate markets to the “Dexter” series…
Links
info: http://www.sho.com/site/dexter/home.do
Download
http://mostlyseries.blogspot.com/2008/03/dexter.html
if anyone prefers links that are other than RAPIDSHARE
just let me know…
December 1st, 2008 at 12:07 am
re: somali pirates
m+s…. is the piracy off the somali coastline priced into stock and commodity markets yet ?
if not, when and how will it get priced-in ?
thanks.
-obm
December 1st, 2008 at 12:10 am
1 more point to speak on, from your greatest, and most vocal fan….
gold versus platinum.
have they ever been so close in price ?
$811 gold
$853 platinum
will gold surpass platinum soon ? is there an arbitrage play available here ?
over and out.
-obm
December 1st, 2008 at 2:43 am
“But zero rates could also be negative if you simply call it “administrative costs” the even can say you get 4% and than give you an amount of 5% cost.”
This has been the story in Japan in the past year. . .
If you have a bank account in most Japanese banks and you have less that 500,000yen ($5,143 about) in savings, you are charged a monthly fee.
If you take money out of most Japanese banks. . .even at your own atm. . .they charge you for that service. . . .
“administrative costs”
Many Japanese people keep 4-5 万(4-500 dollars) in their wallets. . . .(I wonder why. . .)
December 1st, 2008 at 9:05 am
THE TULP MANIA
” that contracts made in the height of the mania, or prior to November, 1636, should be declared null and void, and that all after that date should be released on payment of ten percent. ”
” When the financial panic had somewhat subsided, the tulip-holders in the several towns and cities held public meetings to restore public credit. Deputies were sent from all parts of Holland to Amsterdam to concert with the ministry; for a whole nation was affected. Government refused to interfere, and advised the tulip-sellers to settle among themselves. But complaints rose high, and the meetings became of a stormy character. At last it was agreed, after much bickering and ill-will, by all the deputies assembled at Amsterdam that contracts made in the height of the mania, or prior to November, 1636, should be declared null and void, and that all after that date should be released on payment of ten percent. But this decision only gave satisfaction to those whom it relieved. Those who had tulips on hand which they had sold at high prices, but had not delivered, became greatly discontented. Tulips worth at one time $2400 now sold at $200, so that one-tenth was more than they were worth. Again the whole matter was referred to government, and again government refused to interfere. Those who were unlucky enough to have a large stock of tulips on hand at the time of the fall were left to bear their own loss. But the commerce of the country received a shock from which it took years to recover.”
http://www.answers.com/topic/the-tulip-mania
December 1st, 2008 at 9:57 am
WTF!
WTF- Bernanke also noted that John Maynard Keynes once “semi-seriously proposed, as an anti-deflationary measure, that the government fill bottles with currency and bury them in mine shafts to be dug up by the public.
Semi serious is half serious - but such a thing doesn’t exist so he must be the “serious sucker” about this and what does he mean by ” bury them in mine shafts to be dug up by the public ” is he kiddn’ Me!?
We have to dig his shit, his electronic infidel gold mine shaft manipulation bs , commodities or what!!!??
FROM: Wednesday, Nov. 26, 2008 ; Start the Presses? What it means for the Fed to start “printing money.” By Jacob Leibenluft
http://www.slate.com/id/2205574/pagenum/all/
WTF- “ease the transition to the next expansion.” That’s exactly what they are doing now!!!! Possible? Don’t think so.
[Former Fed Chairman Alan] Greenspan promised to ‘mitigate the fallout’ from asset deflation. How does a central bank do that? By reflating asset prices, or, as Greenspan euphemistically put it in his 1999 testimony,
‘ease the transition to the next expansion.’
FROM: Wednesday, November 26, 2008; RAHN: The Fed: Solution or problem? by Richard Rahn
http://www.washingtontimes.com/news/2008/nov/26/the-fed-solution-or-problem/
December 1st, 2008 at 12:03 pm
Max & Stacey–Another great, informative discussion. How odd that now Germany is acting rationally, and the rest of the West has gone nuts.
To the posters above: Thanks for the info on NATO’s secret societies. Wow.
December 1st, 2008 at 12:43 pm
IT WON”T BE LONG BEFORE THE FAT LADY SINGS
Bob Chapman; theinternationalforecaster.com
December 1st, 2008 at 1:26 pm
This market is totally rigged.
Last week they are buying like monkeys till the last minute, and this week start premarket -2,5% and it goes down the whole day and ends on the daylows. They traying to shake the people out. Casino-Gulag
But in the Casino are existing rules on the capitalmarket there no rules. So Casino is better.
December 1st, 2008 at 2:07 pm
Hi from NYC,
Re: Reuters condom size story. I think you’re wrong about French men lying about their dick sizes due to overcompensation or approximating their cock size. French penis size survey replyers lied because of a sense of entitlement. Here is how it works: false reputation as worlds greatest lovers makes them feel entitled to an extra 2 inches, either that, or they leverage their precious cock size by starting to measure their dicks from the far side of their assholes. There’s a financial instrument rating analogy here somewhere, but I am too grossed out to unwind it. Love your ‘gallows humor’, Happy Thanksgiving! GT
December 1st, 2008 at 2:45 pm
70s: some of the terrorist acts of the 70s in the wake of operation Gladio were NATO(CIA/MI6) operations designed to frame communists to turn public opinion against communism.
$: Could the black hole of fake derivates be a means of destroying $ on purpose to avoid devaluation of the $, or is this all a out of control and unforseen(for those who caused it) situation. Because printing tons of money to finance your empire will only result in the devaluation of the curency if its in circulation, but if you make a fly-paper trap and bait those with it into a worthless investment you can in effect recover that money back and destroy or transfer it and park it in an account throwing away the key.
Small Currency: Is there a way small countries can protect their small currencies from speculation and naked short selling?
“Where are the poor people” in France: Visiting France is one thing, you might get annoyed by a worker’s stike or another. But imo its impossible to imagine how bad we are being raped as workers in North America until you have worked the same job in France, from my experience anyway. 5 weeks vacation, minimum, most of my coworkers there had 7 weeks vacation and acted as if there was nothing to it. Getting back to NA you feel like shaking people up in the street like Charleton Heston’s “Its made out of people!” (’were getting screwed!’) but people are so accustumed/brainwashed to getting little vacation (if not going as far as not taking what vacation they have) that getting 5+ weeks and using it doesnt compute. And if you eventually get something half-decent after years of loyal serfdom you sometimes cant switch jobs without forefiting that.
December 1st, 2008 at 4:52 pm
Gansers NATOs Secret Armies is an excellent book. I also recommend Predatory States (about Operation Condor) by McSherry, which broadens the subject to another continent. And to top it off I recommend Killing Hope by William Blum.
It opening gambit is worth quoting here:
‘Our fear that communism might someday take over most of the world blinds us to the fact the anti-communism already has.’ — Michael Parenti
December 1st, 2008 at 5:06 pm
[...] Max Keiser Radio — [1003] The Truth About Markets (29 November 2008) "Cheap money-assisted suicide." — Their best yet. MaxKeiser podcast fraud debt economics [...]
December 1st, 2008 at 5:29 pm
Re: hefty French langers, we are I assume talking about width size, everything in order then.
Condoms were illegal in Ireland up until the early/mid 80’s (if my memory serves me), the problem was ’solved’ by using empty crisp packets apparently the corners, not to mention the various flavours cheese & onion, salt & vinegar et al enhanced the experience, necessity the mother of invention not ‘alf.
December 1st, 2008 at 5:53 pm
Where are you beautiful people?…
I need my Max and Stacy Fix……because there is little integrity and honour and straight talk and genuine heart felt laughter left in this world casino of curruption and sellouts….
you two are good for my Soul….
Its good to know there are others out there that value integrity and have life running through their veins….
Max & Stacy ..what do you think of the Swiss economy and the Swiss Franc?
The yen is on an Artificial bubble too is it not?
so are we seeing bubbles replaced by bubbles at the moment?…the dot com bubble replaced by the realestate bubble(or low interest rate bubble)…being replaced by the leveraged derivative bubble..replaced by the currency bubble?-of yen and usd ?(when the usd starts dropping how will the yen react?)….
so when the deleveraging stops …will the next bubble will be real assets because of the risk factor and the scarcity of credit which will touch only transparent assets such as food ,agriculture,oil,gold.sugar ,cotton….
or will this Green alternative technolgy be the next bubble?…..
you two bring such clarity……
Thanks …..& when is the the Truth about Markets–Max & Stacy seminar going to be held?…..France in the countryside would be great…..
December 1st, 2008 at 5:54 pm
@ freelearner:
Some of us, at least, were aware that B-D and Red Brigade were CIA ops 35 years ago. Loooong before the internet we had something called “short wave radio”, and it worked. Probably better than today’s internet, because most of us actually took it Very Seriously due to the intimacy of it.
“Past is prologue.”
People of my generation - approaching 50 - who knew what was what, were waaaaay ahead of the game as opposed to the youth of today - even with their technological advantage - for the simple reason that the brainwashing was so fucking obvious back then and we weren’t being fed doses of docile-producing GMO, 24/7 agitprop, and other simplistic means of mind-manipulation.
Show me a “mainstream”-like magazine today that would tackle subjects like JFK/RFK/MLK assassinations, imperialism, nuclear war, criminal government, the way that, in the 70’s at least, such publications as Rolling Stone, Crawdaddy, High Times, or even fucking National Lampoon did??? Even CIA “Ground Zero” - the NYT - had their moments of lucidity!
Today’s truth warriors are so far behind where we were even 30 years ago that it is fucking downright disheartening. It’s Sad.
In all seriousness: if the average 20-something of today knew a tenth of what i knew in 1978, they’re fucking heads would explode.
Sorry for the rant, but that is the way it is.
December 1st, 2008 at 8:35 pm
Hey rick, how did you get a job working in france?
Are you fluent in french?
France sounds really good. . .
December 1st, 2008 at 11:20 pm
To the person who posted the link about the banking crash that led to the dark ages:
“Perpetual Rents
In Italy itself, these bankers loaned aggressively to farmers and to merchants and other owners of land, often with the ultimate purpose of owning that land. This led by the 1330’s to the wildfire spread of the infamous practice of “perpetual rents,” whereby farmers calculated the lifetime rent-value of their land and sold that value to a bank for cash for expenses, virtually guaranteeing that they would lose the land to that bank. As the historian Raymond de Roover demonstrated, the practices by which the Fourteenth-century banks avoided the open crime of usury, were worse than usury.”
-sounds familiar. . .
30-year mortgage loans anyone?
December 2nd, 2008 at 3:27 am
Hey, has anyone read this?
It’s absolutely bloody priceless!
http://ftalphaville.ft.com/blog/2008/12/02/18936/the-war-on-financial-terror/
December 2nd, 2008 at 3:43 am
A story you might have missed:
Is Canada’s (Neo) Conservative government the latest victim of the fallout from the global financial crisis?
http://www.cbc.ca/canada/story/2008/12/01/coalition-talks.html
The opposition parties have signed an accord to replace the minority government with a coalition to govern through the recession. Max, you won’t like it cause the opposition have proposed a Keynesian policy agenda (i.e. stimulus).
December 2nd, 2008 at 5:45 am
Thanks freelearner and Ptah for the links,
I didn’t know about this…
Robert Fisk on the curse of watching history: “…Our need to refuse to accept the narrative of history as it is laid down by our Presidents and our Prime Ministers and our Generals, and our journalists, for the most part.”
December 2nd, 2008 at 3:31 pm
Looks real? Native Americans Fed up with FED. Lokate Indians gonna blow up the FED…sort of or…..?
About Free Lakota » A New Standard of value
“Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion…when you see that in order to produce, you need to obtain permission from men who produce nothing…when you see your laws don’t protect you against them, but protect them against you…when you see corruption being rewarded and honesty becoming a self-sacrifice…you may know that your society is doomed.” “Atlas Shrugged”
At the Free Lakota Bank, we issue, circulate and accept for deposit only AOCS-Approved silver and gold currencies. Silver & gold are a store of value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Since we deal only in real money, we do not participate in any central bank looting schemes.
Money is made possible only by those who produce. Paper is not money, instead merely a promise to pay. We hope that some day the rest of the world will awaken from the American Dream: the dream that a person can sustain life by consuming more than producing. We call it the American Dream because you must be asleep to believe it. Well, that dream now has a silver lining; as people discover the dream is really a nightmare, the only solution is a return to value: value that comes from production and honest trade.
http://press.freelakotabank.com/aboutfreelakotabank.php
December 2nd, 2008 at 7:02 pm
Seems more and more people are suspecting the “terrorsists” are manufactured and allowed or even supported by the global banking mafia.
As soon as people stop falling for this scam, get ready for the next one:
The Global War On Aliens.
Thats rights, Alien Terror Attacks will be the funding element for new defense spending and programs.
New weapons will be used on unsuspecting populations and alien beings will be blamed. All you need is a few grainy photos of their crafts and the wackos will come out of the woodwork claiming “I saw them!”
December 2nd, 2008 at 10:46 pm
Max and Stacy,
Another great show indeed. You guys keep getting better and better … but Stacy, keep up the work on the potty mouth training, the boy sure does get distracted easily.
You’re probably busy getting ready for the new show but here’s a few issues that I could use more info on if you’re so inclined.
The COMEX is about to get drained by 31% of the gold available for delivery in December. All things being equal does that mean that it would only take two more months of similar effort and the COMEX would be down to around 9%? Is it possible to take delivery every month? Is the same thing happening on other gold markets around the world? How long before we have to stand in line at the mines to get physical delivery?
http://www.stockhouse.com/Blogs
ViewDetailedPost.aspx?p=85707
The FED is playing hard to get concerning some “redacted” assets on it’s balance sheet and Mr. Bloomberg is taking the matter to court, do you have any info for us in the trenches? Is it possible that some foreign government has cut in line and is demanding to be cashed out of the casino so they can get in line with the big banks for the coming feeding frenzy? Possibly one or more of the Gulf states since they are in good with the Bushwhackers and it’s the end of their last act?
Or it could be China, they need cash for their $600 Billion stimulus package and they are also going to increase their gold holdings in reserve.
This all came together around the time of the G20 summit in DC, maybe this first meeting was to determine some kind of pecking order for exiting the dollar or reducing holdings? The best made plans ….
What ever happened to the BIS wanting to audit the FED? I read somewhere that Bush convinced them to hold off until after he’s left the country, I mean after the runaway jet lands in Paraguay, I mean Crawford. Perhaps around the time of the next G20 meeting in March/April?
Obamas’ first two quarters are looking pretty explosive, throw a GM bankruptcy on top of the bonfire and perhaps we could see the DOW and gold converge by the 4th of July?
Around $3500?
We need someone like Orson Welles to turn this into a movie …
December 2nd, 2008 at 11:34 pm
Where are Max and Stacy ?
I am ready to do a street demonstration to hear Max and Stacy ?
December 3rd, 2008 at 2:23 am
I also miss their radioshow, i guess they got the first salary from BBC and now they on vacation before the hyperinflation will destroy the worth of the GBP.
M&S always ahead the mass!
December 3rd, 2008 at 6:11 am
Yes, turbulence ahhaha
This phenomenon is even lectured in some (faulty in my opinion) Management books based upon the New York Cab drivers experience. If they get payed too much they go home early. Advice; don’t pay them too much.
I think that’s wrong. They should go home early and enjoy some leisure time and at the same time another Cab fellow can make some bucks too. So, what is wrong with that? Nothing!
Or maybe Stacy & Max outsource their pod cast job to some guy from India.” Your a very Impotent person Maxosan “. Actually he said; ” Important person “, but he’s from India ahaha
The world is spinning fast these days and I had to continue my research without you guys (snik, snik Stacy & Max).
Also in the Netherlands they are talking about a second injection for the very very sick patient. These medicaments are very expensive nowadays.
December 3rd, 2008 at 7:15 am
well There’s also the Patriot news hour. . .
http://patriotarchives.blogspot.com/
I get my real news fix daily untill I can see the oracle on bbc :))
December 3rd, 2008 at 8:53 am
Did Paris run out of caffeine?
December 3rd, 2008 at 8:57 am
Funny you should ask that . . . Max is at the cafe having his ninth or tenth cuppa java of the day.
We are still here. Sitting in our new office in the Champs Elysee writing writing writing like busy bees.
We begin recording the Oracle in oh about ten days time and have lots of special fun stuff to write.
We will be doing our Saturday truth about markets show and perhaps a Sunday show in between now and the 18th when we will be back full time for a short time . . .
Keep writing to us! We miss you too!!!
- Stacy
December 3rd, 2008 at 9:41 am
Max & Stacy,
Love your show and thought I would send along some of my observations on Black Friday here in the states.
I arrived 15 minutes after the doors opened at 5am at Circuit City in Rochester NY.
I wanted 1 item and was not willing to die for it by getting in line. However I did see some interesting things during my visit.
2 customers just ahead of me in an hour long line had their credit cards refused in succession. These people were the only ones I personally could see and hear this happen to.
I thought this was an unusual occurrence and possibly a co incidence but as I left the store and continued to shop I witnessed 5 more customer credit cards refused that were ahead of me or within ear shot in various lines in different stores. (How many more refusals could there have been if I witnessed 7? And how did this refusal affect overall sales figures for the day? Seems the banks were fighting against the stores on Black Friday.
Other odd new things I have recently witnessed here in the US.
While shopping in Buffalo NY at the Galleria Mall.
I saw credit card readers have been installed in the halls of the mall for people to check their credit balance on. Wow are things that bad that people have to see if there is even a dollar left to put on their cards?
I did witness the shelves stocked very well in both Department and Grocery stores contrary to what you have heard reported. No shortage of goods just a shortage of credit here.
I shop during the Christmas season. Other than that I stay away from the malls. I pay cash for purchases (even vehicles). I don’t own a credit card I refuse to get on the credit train.
I do owe on my house but it’s a fixed 15yr loan. I hope to out from under that asap.
I’ am sure I will be as broke as anyone if things fall apart but I’ am doing my best to survive.
I heat my home with the devil’s coal. Most of the people in my area have made a serious switch to wood heat. Screw you Exxon Mobil. Sorry to the environment I hope to do better soon.
By the way I wanted a Flat screen TV on black Friday. Circuit City was out but ordered it for me at the Black Friday price. The only store that would do this (They need the cash as they are going broke so I took advantage)
Anyway
Merry Christmas and I hope Max’s gold works out for him.
I am investing on being more self reliant as best I can as I don’t know what else to do.
Jim
December 3rd, 2008 at 11:47 am
stacy,
i find that extremely uncomfortably tight pairs of shoes and underpants helps a man to focus in hyper-important times, such as make-or-break meetings, court testimonies, and tv appearances.
now you know the secret stacy, clip a pair of electrodes down there, you can get them at any liberal dog or pet shop. they’re used for training.
all hail the oracle!
-obm
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