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Max Keiser And Gerald Celente Deconstruct Financial Fraud
Max Keiser at his best, deconstructing the global ponzi with Gerald Celente, another very much outspoken critic of the broken financial system. Most ZH regulars will be quite familiar with the overriding themes exposing the mass corruption perpetrated by the kleptocratic oligarchy, yet Max as always delivers the message with his patented iconoclastic panache that just draws you in.
h/t Ian
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how bad is the $doooooooooooooooooooooooollar
probably worse than the eurooooooooooooooooooooo
How inane and factually unsupported is your post?
factually unsupported
0000000000000 lol
should have left off one zero in euro
added one on $dooooolar
Okay, I'm prepared to set the modern day record for junks.
There is no New World Order. The Bilderbergs are just a bunch of self-important clowns who are arrogant enough to think they even understand all the variables, much less control them. Ditto Davos. Ditto the G7/8/20. Add the Trilateral Commission, the Masons and Opus Dei. Skull and Bones? Just a bunch of drunk frat-boy types who never quite grow up.
People who attribute great power and control to the elite are merely compensating for their own lack of resolve or courage or success. It is an excuse for failure, nothing more. It is an admission of defeat before the battle even starts. All of the conspiracies attributed to the great unseen forces get more bizarre and less rational with time. Eventually the conspiracies don't even have to make sense; they just have to be stated repeatedly, quoted in articles, linked in comments etc., until they become a kind of tautology. Everybody feels better about themselves because they have an excuse not to attack the gods.
The one mistake I see many writers make on this blog is to over estimate the power of those who are raping the US and oppressing its citizens. Some people seem to believe the elite are surrounded by a massive force, like the ones protecting the arch villains in James Bond movies, and who get ceremoniously slaughtered in the climactic scene.
In point of fact the elite is quite small, poorly protected, and able to do what they do simply because the general population allows it to happen.
The source of their power is actually quite simple. Money. That’s it. They have gamed the system so that the monied interests scratch the backs of the legal holders of power (who are different from the holders of physical power), then the leaders do a reach-around and take care of the desires of the monied elite.
For example, Jamie Dimon wants something (a way to accumulate more money), so he hires some lobbyists who know the “go buttons” of those who make the rules, then the rule makers---whether it is Congress, the Fed or Treasury---arrange the system purely for the benefit of Jamie Dimon.
Everyone in that circle jerk, however, is vulnerable. Physically vulnerable. Contrary to those I might call conspiratorialists, the greater system does not protect these thieves and corrupt officials. That is an illusion.
Whether it is the military, the CIA, the NSA, or the FBI...all of these organizations and institutions are made up of free thinking people who merely work for a living, pay taxes, are not especially rich, and are as disgusted by what the powered elite are doing as anyone. Again contrary to many false beliefs among people who post here, these organizations and institutions, for the most part, feel a loyalty and owe an allegiance to the country and to the constitution. They neither owe nor feel a loyalty to unelected, self-serving bankers or their governmental minions and pawns. Once aroused, the men and women of these entities are as likely to devote their efforts to the destruction and removal of the elite as any other angry American.
All of the men and women of these organizations swore an oath the day they took up their post. They swore to “preserve, protect and defend the Constitution of the United States“. Some of you may have taken that oath at one time in your lives. You did not swear to protect the cheats, thieves, liars and the corrupt politicians or individuals of this country, nor did anyone else who served or is now serving. No one took an oath to defend Wall Street, or a corrupt official, or lobbyists, and certainly not the Federal Reserve. The oath was to the Constitution and the principles upon which the country was founded. Those who have taken that oath want what is fair and just and right. They will fight for that. Like you, they want to raise their children in a land where opportunities abound and where the playing field is as level as possible. They do not want to assume the obligations of failures or of the greedy or the corrupt, just because those guilty of such sins hold official or financial power.
The powered elite, however, work to maintain the illusion that they are all powerful and have all of these institutions on their side. They do not.
Many of you have service people in your families. Many of you know service people, or FBI folks, or CIA and NSA folks. Does any person on this site truly believe that any of these people would lay down his life for Lloyd Blankfein or Mitch McConnell or Tim Geithner or Ben Bernanke? A life is too precious to sacrifice for those so undeserving.
If you think that anyone would, you are wrong. The loyalties of these people are to a greater good. There are not ten people in the Armed Forces who would turn their weapons on innocent American citizens. There is not a single Marine, present or former, who would. Most, however, would raise their guns against those who would subvert, for their own personal gain, all for which the country supposedly stands.
In reality, the people on the ground who hold the guns, control the streets, have dominion over the actual bank accounts of the monied elite, control the airways and information systems, etc., are just common people like you and me. The man or woman working in a bank for $50K a year knows how to transfer the entire balance of Jamie Dimon's account to his or her own. The bodyguard for any of the elite, a man or woman as much abused by the power structure as anyone else, has the power of life and death over those they ostensibly protect. Ten bank employees, each with an axe to grind, could turn Lloyd Blankfein into a pauper in seconds with a few keystrokes. A pilot of a G650, if sensing imminent danger, will leave Teterboro Airport with his own family on board rather than wait for Lloyd or Jamie or Warren to show up.
When the time comes for the people to physically take back America and sweep away those whose only interest is their own wealth and power, all of those people in the military and in the various agencies will be allies, not enemies. There may be a few people at the top of any of those entities, who would try to preserve the rotten and broken system, because they benefit unfairly from it. The vast majority of the rank and file, though, will stand for what is right. There are more true patriots than you think.
Don’t believe the illusion. The foundation on which the monied elite and the co-opted leaders stand is sand. The fortress, in which they would have you believe they live, is a facade. They are buck naked.
Once the giant is aroused and the illusion laid bare, the tiny group of greedy, power-hungry, self-serving scum that has ruined the once democratic nation will be slaughtered or swept away by an aggrieved people. Yes, the masses in general have been hoodwinked and pacified and on balance lack the courage of the Founding Fathers of the United States, but they will awaken as conditions deteriorate for the 300 million who are not part of Wall Street, or Congress, or the bodies that would rape the people for the gain of the few.
Remember that in the days of the Soviet Bloc, the people of Eastern Europe lived under the iron fist of a system they thought was omnipotent. It was not. As a simple example, I give you former Romanian leader Ceaucescu. In the end, the institutions that supposedly protected him and made him invulnerable turned against him and his family, and joined the people in bringing fairness and freedom into their society. In the West we applauded their courage. Our leaders, ironically, also applauded their courage, oblivious to the fact that the same fate might justifiably one day befall them.
We, the People of America, hold even more power than the people of Romania did. Cleansing our land of those who would dishonor everything the country was meant to be will be far easier. When that day finally arrives and the people have had enough of the stealing and the unfairness and the taxation without representation---which is EXACTLY what it is---then the supposed protectors of the elite will turn on the their masters as quickly and as righteously and with the same certainty as the people and the system turned against Nikolae Ceaucescu.
That day is coming. Those who would deny it stand in the way of history.
It started well. The elite, the conspiracy theories are most of the times drivel.
It went off the road when it went about raping the US people.
The common US citizen is perfectly awaked: this person knows that the current deal is the best for his own self interests. Sitting in the consumer seat is not the worst seat in the game.
People are confusing the end of the efficiency of looting exterior countries (which yields not enough to bail out the US citizens as it used to) and a really dysfunctional US structure. The US elite are no more corrupted today than they were yesterday. It is just that a certain scheme is showing signs of exhaustion.
Not so, my friend. Not yet anyway, but it is advancing.
Chindit, I want so much to believe this, but am still haunted by the Nat Guard going through the dry ground of NOLA looking for folks who stayed behind to protect their houses, and forcibly disarming them. The young kid from OK (I believe) saying "I sure hope I don't have to shoot Americans". It was the definition of "innocent" that was situationally malleable. Sad.
http://www.youtube.com/watch?v=sm5PC7z79-8
I concure on this: it will get bloody, make no mistake about it. But you will need to dig deeper, much deeper to unearth the real powers. All you mention are the proxies, the "puplic faces". And no, it's no "conspiracy", the word is coined to side track the rational intellectual. It's a trap. Guide the group thinking by acting on the basic instincts of human kind, cover up the failures with second rang "fuses"...
Happy digging
I for one would be interested to hear your thoughts as to the real powers.
Very well said indeed, thank you Chin
These conversations are already being had at all Officer levels...
+1, good post, there's a lot in there.
IMHO both is true:
Insert "governments", and the same is true (although of course, governments have areas for collaboration and competition).
IMHO a "true" (explicit) New World Order with a few guys-in-robes making all the decisions is problematic because (1) it's hard to keep a conspiracy like that secret over an extended time without "defectors", and (2) there are many random inputs, like actual elections/populace-action that may defy "the plan".
So, I agree with your main assertion:
That's really quite simple. It's plausible, and it's logical. You just stated something as true as, "politicians as-a-group say whatever they think will get them (re-)elected." Does anyone on Earth want to argue with that assertion? You'd be considered an idiot to *not* believe that.
It's silly to assert Goldman Sachs doesn't exercise tremendous influence over the US Treasury Department and the Federal Reserve, if not actually the "prime mover" of policy and implementation. IMHO, it's this type of centralized influence of a few individuals, quite likely not bounded by a given nation's interest (a given large financial institution and the banking system transcends sovereign borders) that makes the "conspiracy theory" compelling.
IMHO, "conspiracy theory" may not be explicitly true, but it's hard to argue it's not implicitly true. Thus, at some level, it's kind of true:
We all follow the ritual where they come out of the meeting and announce, in public, the new interest rate for the nation, and the world -- and we the people find this "normal" and "acceptable". Wow. These same people can print and distribute more than a $Trillion dollars at a time, backed by the taxpayer, without audit, review, or approval of any elected or government official. Wow. Our system mandates that we have these very-few "deciders", these World Central Planners, and we explicitly support it. It's illegal to audit their process, we cannot review their decision, and we cannot refuse to implement what they have decided.
Does anyone want to argue that a very few people don't exercise tremendous control over all nations (through the banking system)? You'd be an idiot to try.
The collective conscious of the primitive brain found deep in humans, yet so apparent in telokinesis of insects and birds, is still present. The internet has accentuated the ability of human consciousness to communicate in large numbers that enable revolution in thought and action. The power of human numbers eventually overcome the imbalances in society of the few with money in power. Why,because povery creates revolution.
Echoing the compliments to the parent post - beautifully written.
Even "Goldman Sachs" is far from monolithic. I know it's perhaps more exciting - maybe comforting - to believe that Goldman is plotting to steal all your money and has everything under control.
All the investment banks are stuffed full with bureaucrats, all focused on some teeny-tiny function. Just look up what the various departments do.
The individuals who work at the investment banks generally have only a few functions to accomplish.
Yes, these firms in their advisory capacities often facilitate deals with the government in secret. If you want to do something like build a railroad, you need intermediaries to deal with governments and other partners in the venture. The investment banks often perform that function.
The executives are, in general, mis-informed. You would have extraordinary trouble finding an executive there who understands (on a moral level) that inflation is functionally a tax. Or anyone that even knows that "Austrian Economics" exists.
These firms all only exist at the moment due to the political system. The chaos from the disruption of the investment banks would fuck up future municipal bond auctions. Without orderly municipal bond auctions, various states must admit that they're no longer functioning entities.
This will happen one way or the other. Bailouts can make these institutions solvent on their balance sheets, but it can't stave off the boiling undercurrent of rage among the general population.
It's quite bizarre that the masses even know what Goldman Sachs even is, these days. It's not like it used to be tippy-top secret, but no one really had to care about investment banking in the the days of yore. The profile just keeps getting higher due to the periodic and intensifying business cycles.
The best press strategy that the investment banks used to have was to stay the hell out of the popular press as much as possible. Because, y'know, they're the men behind the curtain. That became impossible as many of the "little people" searched for answers in the wake of the 1999 crash and the IPOs of the banks themselves.
Even the HFT traders believe that what they're doing is good - even though it pisses off so many important institutional types. They're given a job. They're briefed about how it's legal and moral. And they go maintain the robots, collect their salary, and go home.
The elites just preside over a massive machine that works very well to provide a lot of money for relatively little effort for a small number of people. Most of them don't really bother to learn how the damn thing works - they just care about the short term.
Politicians see constituents not as people to serve, but as a crass bunch of morons that need to be periodically mollified by speech-making and publicity stunts. They tend to ignore fringe media. How their actions play out in the mainstream newspapers and in polls affects their decision making process.
The bailouts were cunning in the short term (it enabled the ruling classes to maintain an illusion of control for a while longer), but now the unintended consequences are throwing governments out of power at a much faster rate than might've otherwise happened.
I mostly agree with your post, but wanted to quibble over one point:
The committee that sets world interest rates is monolithic (it's only a few individuals). Any "input" they might receive from industry executives (for example, the few persons representing Goldman Sachs) is similarly monolithic (it's only a few people). Thus, it's not compelling to argue that money supply and interest rates worldwide are anything other than the decisions of a handful of individuals.
This is by design: That's why we continually hear why the Fed should (in theory) have no influence whatsoever from the Executive branch (its charter was written that way), and mostly no oversight from the Legislative branch (its public record shows that they actively lobby against it), and apparently no one has standing to bring it before the Judicial branch. (Let me know if I missed any another branches.)
The fact that Goldman Sachs might have many employees with competing concerns is irrelevant. Similarly, the fact that any large bureaucracy has many employees with competing concerns is irrelevant when policy (and often implementation) is controlled by a very few.
Quite often large structures are designed with competing concerns to merely obfuscate. For example, if my organization has two departments to perform *opposite* functions, I can always point to one of them to illustrate my support for a given issue (when in fact, the existence of that department may be net irrelevant).
Taking some literary license (correct me if I'm wrong), I agree with your point that, (paraphrasing), "Conspiracy theories give easy answers to complicated questions; but they are the wrong answers." However, in this case I don't claim to be a conspiracy theorist. Rather, I merely describe the system as it is designed, structured, and functions, including actual behaviors in the real world. I rely solely on publicly disclosed information (i.e., no "secret documents", no "secret plans", no significant speculation).
As an expat and former military officer, I cannot improve upon your post at all. Great summary. Thank you for stating things so clearly and purposefully! Great job.
Good Post, and however strongly the inner circle exist , you're view is exactly the kind that will be needed to save the land of the free. Only it is an inherent weakness that has allowed Freedom to become so compromised that we are reaching such a potential conflict.
I personally don't believe America can as a collective , co exist without a fiat ponzi system distorting reality. But I could be wrong.
I can state emphatically that the inner "circle" is all wobbly, and they all hate each other in private and often in public.
Even Stalin and the various old kings of Europe presided over divided courts.
The US has only existed as a coherent entity thanks to central banking. It's been used as a tool for many diverse purposes. In the early years, inflation incited people to settle the West, pushing many otherwise ordinary people to speculate on marginal land and enter unnecessary conflicts with local tribes.
So, yes, the fiat ponzi is a crucial tool of social control. But it's not magical. Americans, like most people, are mercenary in orientation. Once those checks start bouncing, those loyalties swap.
I guarantee that you can get almost anyone - if you ask the right questions, thinking like a professional pollster - to say that they despise the United States government. Even state employees, who are always the first to turn on their masters.
agree... but some inner circles are stronger than others, and here is where a campaign will arise. I see division and war.But I could be proven wrong by enough Patriots. This is an age old battle for the Republic. Nothing new ever under the sun.
The love of money is the root of all evil.
"Or did you say it's the love of money that's the root of all evil? To love a thing is to know and love its nature. To love money is to know and love the fact that money is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It's the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money--and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it.
"Let me give you a tip on a clue to men's characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it.
"Run for your life from any man who tells you that money is evil. That sentence is the leper's bell of an approaching looter. So long as men live together on earth and need means to deal with one another--their only substitute, if they abandon money, is the muzzle of a gun"
Rand is changing the subject here. Money is necessary, and morally neutral. The love of it--pursuing it as an end rather than a means--is the root of all evil.
I'll take Saint Paul over Ayn Rand any day of the week.
Hah - I too have no problem whatsoever reading AS and closing it before the speech.
I hope "that day" is coming! But I have to tell you a bit of bad news... you missed a vitally important factor.
Yes, these groups are nowhere near as powerful or omnipotent as some contend. But the bad news is they don't have to be. It doesn't take a massive conspiracy of geniuses to pull off what they want... it just takes a little *push* in the right place here, or a little *block* in the right place there.
You see, they have a huge advantage. What they want is natural; what we want is artificial.
The natural state of humanity is tribalism. The normal way of the world is rule-by-elites. It doesn't take a massive world-wide "trick" to get planet ruled by elites, it only takes a blocking action for a single generation to halt the transmission of advanced individual rights-based culture... people will then reset at their natural baseline tribal culture. And in tribal culture, rule-by-elites is seen as quite acceptable, the natural order of things.
For example, look at mass immigration and multiculturalism. The entire point of those two elite-invented, elite enforced ideas is to import millions of people who accept rule-by-elites as normal, and then prevent them from ever moving up to a more advanced level. It is to flood the system with willing serfs, and force the rest to accept serfdom as an equal way of life. And if you fight it, you're called "bigot" and "racist".
Once the culture is sufficiently debased, you can have all of the revolutions you want... they will be pointless. They will just be slave rebellions, fighting to replace their current masters with better, more humane new ones. Kind of like Greece, where they're fighting to preserve free stuff instead of fighting for freedom. They have no problem with being government property, they just want better rental terms.
So don't be seduced by the weakness of the enemy, recognize they have the much easier task. It is those of us who believe in freedom who face a permanent uphill battle. Freedom is fragile and elusive, and takes positive action to maintain; serfdom is rock-solid and natural, and takes no effort at all to bring about.
Many more people today in the US and other parts of the world are conscious of the rule by elites concept. The chosen officials, as part of the elites, are starting to fear the "aware" masses because of recent election results. The masses will always need leaders, but perhaps the fear will continue to pass from the people to the elite, and things will change before they have to because of a revolution caused by poverty and hunger.
"Leaders" and "elite" are two very different things. I sure don't believe in some sort of anarchistic leaderless movement/society; I think we need to get back to people-chosen leaders rather than self-selected elites.
Abraham Lincoln :
Public sentiment is everything. With public sentiment, nothing can fail. Without it, nothing can succeed.
“Our government rests in public opinion. Whoever can change public opinion, can change the government, practically just so much. Public opinion on any subject, always has a 'central idea,' from which all its minor thoughts radiate. That 'central idea' in our political public opinion, at the beginning was, and until recently has continued to be, 'the equality of men.'”
“In this and like communities, public sentiment is everything. With public sentiment, nothing can fail; without it nothing can succeed. Consequently he moulds public sentiment, goes deeper than he who enacts statutes or pronounces decisions.”
"...that we here highly resolve that these dead shall not have died in vain; that this nation, under God, shall have a new birth of freedom; and that this government of the people, by the people, for the people, shall not perish from the earth."
+1 Amen, on a Sunday
Nailed it.
On 28 July, 1932, Attorney General Mitchell ordered the police evacuation of the Bonus Army veterans. When they resisted the police shot at them, killing two. When told of this, President Hoover ordered the army to effect the evacuation of the Bonus Army from Washington.
At 4:45 p.m., commanded by Gen. Douglas MacArthur, the 12th Infantry Regiment, Fort Howard, Maryland, and the 3rd Cavalry Regiment, supported by six battle tanks commanded by Maj. George S. Patton, Fort Myer, Virginia, formed in Pennsylvania Avenue while thousands of civil service employees left work to line the street and watch the U.S. Army attack its own veterans. The Bonus Marchers, believing the display was in their honour, cheered the troops until Maj. Patton ordered the cavalry to charge them—an action which prompted the civil service spectators to yell, "Shame! Shame!"
http://en.wikipedia.org/wiki/Bonus_Army
No junks when I read your story.
An illusion created by a story is that which protects aristocracy (please remember that the origin of the illusion was in the case of America by and large good). Now as ever the illusion is tied to a past greatness and moral superiority of a nation, tribe or idea. The believability of the narrative grounding the illusion as reality protects the privilege of the elite. When the current rhetorical recipe no longer conveys believability the illusion begins to shutter and shake.
When the walls of fantasy comes down the discount applied to monetary relations between the elite and their servants will receive an enormous discount. This will be a battle ground of inflation.
well, you must be one hell of a human being.
plus no junks, by 11am. your good, but made me cry.
+100
And you can bet that certain "conversations" are taking place among the Officer Corps as we speak....
Where is Douglas MacArthur when we need him?
"People who attribute great power and control to the elite are merely compensating for their own lack of resolve or courage or success."
Your thinking is at times completely muddled and riddled with mistakes and inconsistencies, at other times it sounds a bit intelligent.
Firstly, you ignore the extraordinary privatization which has taken place, including all those military contractors who now own their very own private military companies, formerly known as mercenaries.
The American intelligence community has long since been privatized, unknowing one.
The number of traitorous Americans today is unduly large, and growing.
Only serious violence and bloodshed will change anything....that I agree with!
I junked you because you do not understand the super power of lawlessness masquerading as lawfulness.
If you own gold go sell a reciept for it to a 100 people. If you own a house. Go get a 100 home equity loans from a 100 different banks. Tell noone they are allowed to check into any of you finances. They must simply look at the house and loan based on what you reveal to them. Buy a printing press. Stand around on a street corner and talk about how you're going to deflate when in fact your going to print your ass off if anyone even comes for repayment of this money.
Are the elite dumb. Yes. But even though they are dumb getting everyone to follow rules and talking to them like you share this reality while not following any rules is a HELL of a thing. It works. It's always worked. But it won't always keep working no. But who cares. They'll ride the horse till it finally dies.
Come on you can't be this naive. Give a central banker a rule about creating money based on an asset and all you get is money based on counterfeited assets. Which is exatly what we have.
Chindit, that was beautifully written. My experience in a tiny little part of the .gov machine matches what you wrote.
I hope you are right about the Marines (not one will shoot at us).
DCRB, call up the local Marine recruiter and have him come out to the house (say its for your kid, nephew, etc) See for yourself. Ask him what he is going to do if thshtf, good chance you will have a really interesting conversation...
INFORMATION IS KING.
Whoever controls the medium of communication, controls the game.
Why do you think there are new, extensive controls on WWW. What the Chinese do to their own people (blocking access) -shock/horror- the good-ole US, UK, European Gubbmints have now enshrined the power to do to their own citizens. It is, of course, ~~to protect us~~
I agree that there is no co-ordinated, central elite. They would like there to be one, but too many little chiefs; meantime 'they' rely on a common ideal -raw, naked greed. That is a simple enough glue to hold them together.
The idea that we all, magically, rise up as one and refuse to play ball with our enslavement, however, relies on the notion that we all get the big picture.
Sadly we don't. The mainstream media that we ultimately pay for, refuses to be our servant; it loves the smell of money and power too much. The truth may be out there, but it isn't reaching our living rooms. So there is no consensus among the people.
Even the cross-section of society that reads this website cannot agree on anything -not even on the comfort value of gold.
I predict another full generation of inertia; there may be Bangkok-style uprisings in lots of places, but they will not generate critical mass. Strangely enough, the best opportunity of success is for old-style unions * to co-ordinate their people. If you can get rid of your contaminated and corrupted union leadership, you might get a Lech Walensa-type Polish Shipyard uprising enough to bring down a regime, but don't count on it. As the guy said, the common people are being made to think that this is all their fault (spend, spend, spend, borrow, borrow, borrow). They will not start up new political parties, or march in the streets, or shut down the infrastructure. They will acquiesce in the enslavement, providing it happens slowly enough. Why do you think Benny is just printing money non-stop -he knows it will fail, but not tomorrow like it should. Just for long enough is all he wants, then he can write the history (as the victor)
(* It is either unions or religion -take your pick)
(But I'm up for whatever it takes.)
Then expalin the Bush/Walker/Herbert/Pierce dynasty to me.
This is not junk! But there's always one a-hole out there, though, I see. haha
I tend to agree with you that we attribute too much wizardry and foresight to "the elite," but you cannot deny that they are powerful people who are looking to consolidate their control through various means. Plus, history is littered with conspiracies that had profound socio-economic effects. I guess I'm still on the fence.
I hope you are right about Joe Public's righteousness and fundamental decency, but I have my doubts. Many, many people that I have met are frightened, timid boot-lickers who go out of their way to avoid any kind of confrontation or hardship, and just want to live a comfy existence with blinkers on to the world at large. I shuddder to think what they will be capable of, when they can't buy their BigMacs and BudLight. I'm not optimistic. Although the military (at least officer ranks) from what i have seen does give me some hope. I hope our future Generalissimo is an Austrian economist at heart.
never stand in the way of history ,, get in line and cycle the ashes and dust .
I loved the "higher Fed interest rates benefit the working class" one-liner. That's some of the biggest economic non-sense I have ever heard.
That a bunch of grey-haired old men could set interest rates(the fed) and not the market is "some of the biggest economic non-sense I have ever heard" Got that right.
Problem i have with any unions is that they are also a self-serving interest group, which demands to be treated "specially" relative to the rest of the workforce.
What is needed is strong but fair employment regulations which apply to all a nations workforce equally.
Also what does "progressive" really mean? It's a semantic trick because it implies that any other worldview is not progressive. Who exactly is the judge of that?
Personally every time i hear the word "progressive" i know im probably listening to bullshit.
Progressives, of course.
+1 (again)
One last point on celente and not trying to piss off his fans, because i agree with most of what he says; BUT he could be mistaken for being an antisemite because all of his bogeymen appear to be jews - either in Wall St, Ivy League unis, or Israel.
I'm not saying that's what he is getting at but it really could be perceived as such by many.
Peter G. Peterson isn't Jewish, so there's at least one that isn't.....
The Knight Templers were rich and powerful, then they were no more.
I was visiting Hong Kong in March and they show RT (Russia Today) on cableTV , RT is Russia's equivalent of CNN, broadcast in English. They have Max Keiser on two or three times a week for 10 minutes in an hour show.
No surprise
Max is a socialist
He acts as if the union uprisings are just concerned workers who just happened to meet on the street corner and just happened to have molatov coctails
maybe Tyler is a socialist
I agree the system is corrupt --- but
Yap.... the real criminals are the socialist, the Reds, who have hijacked, in the name of capitalism , and used the age old gig , ploy of usury, to gain a powerful idealism over the masses and these utopians called it .....globalization.
Globalization has been existing before socialism was even thought of.
The North American continent as known today is the result of globalization.
Nothing wrong with opportunism. It starts to be wrong when people mascarade it for responsibility. Hoping out of globalization when its products are no longer that obviously favourable to oneself is opportunism.
Well Yes and No. We are now living in the age of Independence, the age of nation states. Or at least that has been the idea through written constitutions, however the fact remains, Most of human history is filled with Empires. True Republics have been few and far between. Never before has so many races and cultures attempted to defy nature by crossing the tribal lines.. The virdict is still out. I don't see this age of poly glot globalization under this ages idealistic leadership, and brand of usury existing without end , nor ending peacefully. It's in the math and DNA.
Seg,
Capitalism, is the oldest system in the world...........
It was set up that way..............
A lot of Socialist's, are Socialist's because they have never experienced the freedom of true Capitalism................same for the rest.
Labeling is convenient for garnering approval or dissent. Tea baggers, fascists, socialists, communists, oligarchies, republicans, democrats, independants, nihilists, nationalists, ambiguouists, the last representing the shortfall of human language to capture the essence of similarities in messages being conveyed on this site and many others. How about slight to intense anarchy as a common thread to those that would like some serious change; or is that to radical of a word?
++
Very interesting piece.
(Reuters) Almost 200 Obama administration officials are flying to Beijing for the talks, led by Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner, and there will be plenty of U.S. demands [or kowtows] jostling for China's attention, including complaints about China's trade policies and yuan exchange rate [and begging for money.]
If I were the CCP, I'd break the peg after the November elections in exchange for a free hand to send Chinese businesses into the US with minimal government oversight.
And demand that Timmy G be dressed up in bright colors with some jingle bells around his neck to serve as entertainment for the new overlords.
But I'm not the CCP. They're all boring and shit. It's possible that they will just keep the peg until the end of time. What the fuck do they care if Bernanke destroys the dollar? To them, it's Other People's Money. Just let their rich guys do what they want with their huuuuuge dollar reserves.
The CCP is an idea sold to the Chinese masses as an answer. They will do what is needed to retain power, and with China being built into a manufacturing giant, with billions of mouths to feed , holding near worthless fiat usury notes as wealth, they will have to strong arm there own people to retain power, or go to war. With the potential to field 200 million soldiers.
Seg,
Yeah, 200 Million............that figure plus 50 Million more was touted in the early 60's............
Against a population of 1.6+ BIllion...........I'll take the peasants.
Plus, the Chinese have the BEST opportunity they will get NOW.
IF I were them, other nations fiat currencies being held, would be moving out at a pace that boggled the mind.
For things of intrinsic value.
Sorry to change the subject for a moment, does BP look like a head and shoulders top to anyone else?
No....but given the current situation imo its equity is way over valued. Obviously the market is saying there is little chance that this little problem in the gulf can take down the company. I'm not so sure...............
The sweet-crude-coated Swan for BP will be the EPA move to disbarment from guvvie contracts which includes rescinding their rights to drill in Fed-controlled fields, which is apparently $16B of their revenue.
I have shorted them significantly at ~50 and expect to cover in the mid-20s when all is said and done.
I have a problem with this guy. First of all, he claims to be fighting for justice and honesty in finance but he used to work for bear sterns selling garbage unit investment trusts to widows and orphans. Second, he comes to us from press tv in iran - a country not exactly noted for its adherence to democracy, if you recall the mass shootings and beatings of the opposition during their last election and that their president is an insane islamist and former hostage taker of the american embassey. third, he is a raving anti semite, which probably expains why he gets along so well with the iranians. fourth, he has repeatedly claimed that the us government blew up the world trade center, which is a perverse and sick thing to say about one's own country, as well as conspiracy kookie. fifth, his voice needs to go through puberty. and sixth, the whole purple necktie thing is really annoying.
anyway, just saying.
I dunno if that's entirely fair to the guy.
He's certainly not an ideological socialist. If he believes 9/11 was an inside job, then he's a bit confused. Yeah, people in the intelligence agencies knew it was coming, but they were just too incompetent (not a surprise) to do something simple like call airline customer service about it. That's the intelligence agencies for you - all the information int he world, no wherewithal to do something useful with it.
he is a raving anti semite That's what some call those that call out a certain rogue state on the west side of the Dead Sea (but we see through that charge now).
And speaking of 'charges', Max does claim WTC 7 was a controlled demolition. One watch of the video of the collapse of Building 7 instinctively proves that. Now whether the government did it or Silverstien did it for them, we may never know. I am hoping http://cms.ae911truth.org/ gets to the bottom of it.
Your last two charges are ad hominum....puerile at best....BTW-your dog is ugly, so there!
Cheney didn't have a problem calling for the fighters to stand down, or did that not happen? They scramble for any stupid teen in a Cessna 150, but don't for FOUR Large Jets? Really?
if everyone that claims not to be an anti-semite were not then there would actually be none.
The merchant class was never well-respected by society historically. It was seen as people who made a living off other people's hard work, to oversimplify. Merchants went on to become some of the first modern day bankers, and adopted 'usury' when it was outlawed in most nations! Most people had no math education, and were easily confused by compound interest. In modern society we have been raised with an understanding of the 'glory' of the merchant/banker/money class, and that if we criticize it we are actually envious, and oh, BTW anti-semitic.
The fact that you label Jewish people as "the merchant class" is troublesome. Some Jewish people are among the brightest in the world - especially with mathmatics - get over it.
rogue state? you mean the multi party parlimentary democracy surrounded by arab racists who want to kill them that is called Israel, or the former part of Jordan and Syria now called Palestine, the place whose people refer to jews as bacteria and pray for their genocide?
My problem with Kaiser is he comes off as hypocritical. He bashes his own country from iran for money. and in order to get the job, in each show he has to do some token bashing of israel. of all the countries in the world to bash why ONLY isreal. And in each show.
Speakling of rouge states..
http://www.youtube.com/watch?v=Xi7GdviIsjQ&feature=PlayList&p=FADB4B6B42FE9686&playnext_from=PL&index=80
http://www.youtube.com/watch?v=zkRkCp3Jr5M&feature=PlayList&p=FADB4B6B42FE9686&playnext_from=PL&index=87
http://www.youtube.com/watch?v=rweS_Dwad4k&feature=PlayList&p=FADB4B6B42FE9686&playnext_from=PL&index=74
http://www.youtube.com/watch?v=cnebey4o3J0&feature=PlayList&p=FADB4B6B42FE9686&playnext_from=PL&index=90
http://www.youtube.com/watch?v=G74yu8zna5o&feature=PlayList&p=FADB4B6B42FE9686&playnext_from=PL&index=32
http://www.youtube.com/watch?v=HStliOnVl6Q&feature=PlayList&p=FADB4B6B42FE9686&playnext_from=PL&index=17
Why only Israel? Dude, it is an apartheid state. It has unacknowledged nuclear weapons, while preaching about how dangerous other countries are, just for trying to develop them! The US subsidizes Israel SUBSTANTIALLY. WTF??? Is America being extorted, or why would they do that?
Dude?
Apartheid. You mean the wall to keep suicide bombers out? Talk about blaming the victims.
Egypt is an apartheid state. Ask the Copts. Why not bash it?
Anyway, so what if israel has nuclear weapons? I dont live in fear of Israel using them offensively any more than I do Britain of France. By the way, name the only country in the world to ever use nuclear weapons offensively.
Just for trying to develop them (nuclear weapons). Oh, you islamophobe, iran has already said its program is peacefull. Why dont you believe them?
Why would the us support israel? Hum...because they are our allies. because they are the only democracy in the middle east. Because we have a shared judeo christian heritage with them. because its in our interest to support them. because islam commands its followers to exterminate the jewish people. These are a few reasons that come to my mind just off the top of my head.
+9000
Ok guys, time get back on the anti-depressants and chill a bit. The world is not coming to an end any time soon. So the world has some financial difficulties. We have been through a lot worse in world history and survivied. I was talking to my dad (he's an 80 year old Austrian, been through WW2, blah, blah, blah) about our situation. Bottom line is the common people have never had it so good therefore it is in nobodys best interest to see the system destroyed. In the end people will do what ever it takes to keep the system working even if that means taking a hit to there standard of living.
I guess that's what you get for taking advice from an... 80 year old Austrian.
The one thing I do agree is that the world has been in worse shape before.
Celente better realize he cannot remain free of the tentacles of the mafia he openly criticizes when he laughs about being the "token goi". A Hahvard scholarship awaits the child of the Judas in his midst who exposes his dirty laundry. A scandal awaits him.... Most likely with a young woman, like Clinton, Condit and Spitzer... Celente is no blue whale and cannot harm the giant squid..
well that would imply wall st will need to exterminate thousands of analysts who say the same thing, more or less, though perhaps without the same level of rhetoric.
He puts down society for not prosecuting the "white shoe" boys committing white collar crime that is as bad or worse than what the mafia did or does. The mafia probably agrees with him.
Besides, any cause loves a good martyr. Look at religious history.
You obviously have no clue about how the mob operates LOL. They don't care about people like Celente. They have much bigger issues. All they are trying to do is avoid trouble and attention. There objective is to keep as low a profile as possible and still maximize profit in the long term. Actual violence is there last option.
beware when enemies of the free market begin to sound like purist.
Please explain.
contrast Ron Paul and Bin laden – though both would probably agree that bankers are corrupt and that international lobbyist control the free market, this would hardly be a construct for going forward…
concise is an art form that I am still learning
"free market" = oxymoron
actors in the market are not even free and certainly
nothing in the market is free, and purity does not
even exist in a vacuum.
what we are faced with is the outer bubble envelope of
universal fraud made apparent due to deflation of a
delusion, and we think complex accounting can
legitimize the endeavor.
the people will pay all of their value for the priveledge
of using the money system of the elite. that is the trend
according to the current paradigm which allows free participation
in markets by all manner of fictitious and synthetic instruments, fraud,
to operate on the same playing field as "real" commodities, assets,
labor, etc....
.
and we would be tanking our economy if we outlawed fraud, ask
henry paulson and the fed. and they won't tell! national security!
.
markets are places of exchange. exchange of whatever the parties
have "possession of" to exchange. possession implying ownership
or rights to. no freedom, ownership. that is the owner has possession
and rights to at the exclusion of all other claims. not freedom nor free.
freedom to own, property rights, requires enforcement of those rights
by force, law, persuasion, restriction etc. not freedom. or is this
what we mean as freedom. to own and possess things. one's freedom
becoming the extermination by others of competition for one's possessions?
.
questions.
.
to differentiate the conceptual from the physical, honestly and not
fraudulently, current dilemma. here science has things to say, but many
cannot listen and don't want to hear it and would rather tolerate/embrace fraud.
beware when schizophrenia begins to sound like economics
beware economics that demand schizophrenia. (hedge) and naked
shorts. another oxymoron. the king has no shorts!
Hysterical video on dollarcollapse.com concerning the european bailouts.
Its a must watch if you need a good laugh and accurate debt facts...
- here's the link, thanks Hulk.
http://www.youtube.com/watch?v=thSTpGnWEAs&feature=player_embedded#!
Thanks Rusty, first time I have seen these two, simply brilliant.
Married2aMARINE
6 hours ago If it wasn't so true...I have been driven? many times upon my knees by the overwhelming conviction that I had nowhere else to go. My own wisdom, and that of all about me, seemed insufficient for the day. - Abraham Lincoln
Bob & Ray are back! These guys have the same dead-earnest delivery, only more topical and focused.
The test of great satire is that at least 10% of the population are unaware that it is.
Who's on first?
i don't know,...
third base.
http://maxkeiser.com/2010/05/22/1129-the-truth-about-naked-short-selling-resonance-fm-22-may-2010/
.
[1129] The Truth About Naked Short Selling – Resonance FM – 22 May 2010
.
shadows, squid ink, lies, inversions, transitions, virtuals, substitutes,
synthetic virtual squid ink swap contracts, entertainment, isms, transforms,
dad, can i borrow the keys, yea i promise i won't ......
drive like a crack addict with a trunk full of weapons and coke,
right off a cliff, or into the kitchen! ......... what? you don't trust me?
.
anyway, it isn't morality or mathematics, it is common sense.
there is no good that will come from derivatives of fraud, just
further fraud.(war) knowing this it makes no sense to do proper
accounting that will expose fraud if the goal is to perpetuate
the original fraud. here the problem of perception and cognitive
map construction as we live in a conceptual world and this is
or has a plasticity element, the realm of the new market maker.
the writer.... of bad checks.
perhaps we have all become picasso where we can write
bad checks that will never be cashed because the receiver
so loves our digital signature. and we can sell anything we don't
own because we can buy politicians and judges with money
they will help us forge, out of thin air, no paper or ink required.
i say blame the victims and punish them harshly, for their own good
and our personal satisfaction. start with austerity and "let them eat
sludge". anon....then send in the troops.
we need more con men in positions of power, and otherwise, just
to keep the ball/oil rolling.
as you can see my personal train has come off the tracks,
i promised myself long ago that i would attempt/be a man of my times.
ps.. both keiser and celente would be considered semitic to Wilhelm Marr,
or Alfred Rosenberg.
http://www.intelinet.org/swastika/swasti07.htm#anchor215996
.
go figure this rosenberg guy. what a mess. but, this is what can happen
to a human mind caught in the throws of "full chaos". i'm surprised they
didn't let him emigrate to brazil, or disneyland.?
apologies all around but deconstructing financial fraud is very messy and
perhaps beyond the potential of the human mind? or perhaps it is possible
for some individuals to deconstruct it but impossible for any group to
adequately address constructively?
Not sure if this has been posted:
http://www.bloomberg.com/apps/news?pid=20601087&sid=auksbwRhTw7w&pos=2
"May 22 (Bloomberg) -- Federal prosecutors won’t bring charges against former American International Group Inc. executive Joseph Cassano related to the insurer’s collapse, according to a person familiar with the investigation.
The Justice Department found after a two-year investigation that there was insufficient evidence to charge Cassano, who was the former chief executive officer of AIG’s Financial Products division, the person said"
It took a 2-year investigation to determine there is nothing worth investigating?
Just long enough for the media & public to forget what all the fuss was about.
Is that the Press Tv owned by middle eastern interests available on cable here in the UK? If so, then I'm not impressed these guys are making their case on that platform, while making some quite obviuous insinuations about jews. Press Tv is notorious for having an anti-semetic agenda, often apologising for the Iranian regime, hezbollah, Hamas, etc...
Personally i think one can believe that there is a political and banking elite which no doubt includes many jews, but that doesnt mean there is some sort of "jewish worldwide conspiracy". Lets remember Madoff's main victims were jews.
Im kind of sad now because i would agree with much of what Celente says but its dissapointing he is connecting it to the old jewish blood libels. Hitler used exactly the same argument to murder 6 million jews.
Wake up folks.
From their website:
Press TV takes revolutionary steps as the first Iranian international news network, broadcasting in English on a round-the-clock basis.
Our global Tehran-based headquarters is staffed with outstanding Iranian and foreign media professionals.
Press TV is extensively networked with bureaus located in the world's most strategic cities.
They maintain some credibility with a Western MSM look and toned-down rhetoric (for Iran) but I always double-check any "news flash" originating there.
oh wonderful :-)
Madoff's main victims were jews so what? Christians do dumb shit like give ponzi scheme monie too! The whole of China bet the house on the Dollar. Everybody does dumb things, and I think in no way are either Max Keiser or Gerald Celente racist. These are two of the gentlemen discussing REAL news. Something that gets discredited far to often.
i agree. we love facts. we love context. but if the facts
in context lead to uncomfortable conclusions we will attack
either the context or the fact, best done from the flank, to avoid
the unwelcome conclusion. case in point. fraud in the financial
markets. attack the source of the news so you can dismiss the
news. or variantions on the theme of discrediting from the flanks.
.
or blame the victim, this is historic. or blame the pillaged. i think
the word is dehumanization, or demonize. people all over fall for it almost always,
at least a significant portion to gain enough support for public insanity,
ongoing. military industrial welfare. beware the......mic... right.
people quote it often but do nothing about it. there is a huge disconnect
between what we all do and what we all know but plasticity is not infinite.
The blame game is causing humanity to treading water, and the money system is sans lifeboat without cheap energy.
The March 2009 lows won't hold.
Updated DOW daily and weekly charts:
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
I am a bit on a crusade here, but I really have a hard time with MK appearing on Press TV. They are the propaganda arm of the fascist government of Iran. The one which kills, tortures and maims its opponents
(http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/books/...).
Yes , these people.
The excuse that he has complete editorial control ( which he replied) is disingenous at best, morally corrupt at worst.
If one wants to take the high road as MK does and condemns everyone in the financial world (rightly so), one cannot be such hypocrit and use such channels. Specially when there are so many others availabe. Otherwise you're just a journalist whore, no better than the people you criticise
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