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Mike Krieger Discusses Politics, Economics, And Gold On Keiser Report

Tyler Durden's picture




 

Mike Krieger, who has been a staple poster at Zero Hedge courtesy of his willingness to speak the truth no matter how gory or controversial, was on the Max Keiser show, discussing everything from trivial items such as Goldman Sachs movie casting, to far more serious issues such as Obama's failed presidency, corporatism, information oligopolies, the overturn of various core fundamental democratic principles, consumer culture, the Federal Reserve, and gold as the one true money standard. As always an objective and highly informative discussion between Mike and Max.

Fast forward to 14 minutes in the clip below for the full Krieger interview.

 

 

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Fri, 07/30/2010 - 12:10 | 496342 Oh regional Indian
Oh regional Indian's picture

Is the tide of truthspeakers rising or ebbing?

Is truth objective, subjective or absolute?

Loose lips sink words.

ORI

http://aadivaahan.wordpress.com

Fri, 07/30/2010 - 12:21 | 496372 DoChenRollingBearing
DoChenRollingBearing's picture

+ 10

Quite the poet today ORI.

Fri, 07/30/2010 - 22:56 | 497449 Oh regional Indian
Oh regional Indian's picture

:-) Some days are like that DCB.

Hope your back is better.

ORI

http://aadivaahan.wordpress.com

 

Fri, 07/30/2010 - 12:36 | 496422 Max Hunter
Max Hunter's picture

I don't think the "truth" is as subjective as some would have us to believe..

Fri, 07/30/2010 - 22:55 | 497447 Oh regional Indian
Oh regional Indian's picture

True Max, true! 

:-)

ORI

http://aadivaahan.wordpress.com

Fri, 07/30/2010 - 12:36 | 496427 MeTarzanUjane
MeTarzanUjane's picture

Truth is the carrot and we are the asses.

Fri, 07/30/2010 - 12:41 | 496440 downrodeo
downrodeo's picture

Truth has been mutalated and tied to a metal chair in our basement for decades.

Fri, 07/30/2010 - 20:03 | 497293 SpiOpsChiwowwow
SpiOpsChiwowwow's picture

Excellent. Couldn't be more..... true.

Fri, 07/30/2010 - 13:44 | 496593 Jake Green
Jake Green's picture

Define Truth ORI. What if I disagreed with one of your 'self evident truths', who could we ask to arbitrate the matter? 

 

Fri, 07/30/2010 - 14:46 | 496676 Cathartes Aura
Cathartes Aura's picture

"truth" is relative Jake, each of the billions alive on the planet in this moment knows some  thing(s) to be true. . . and even you know the dis-illusion of a once held truth being proven not so. . .

the best masters teach through provoking self-inquiry, suggesting a thought experiment, a koan:

A riddle with no solution, used to provoke reflection on the inadequacy of logical reasoning, and to lead to enlightenment.

and of course, are met with derision initially.

the ultimate truth is merely acceptance of the myriad of all truths, as they are, as they make up the whole of realised existence, accepted gracefully & then lived.

+++ infinite wisdom, OrI.

 

Fri, 07/30/2010 - 22:59 | 497451 Oh regional Indian
Oh regional Indian's picture

Aha CA!

I wrote the Zen part below with-out having read your post.

A smile inducing moment! Great minds....etc.

ORI

http://aadivaahan.wordpress.com

Fri, 07/30/2010 - 22:53 | 497444 Oh regional Indian
Oh regional Indian's picture

Jake,

Truth is the place you arrive at when all doubt leaves you.

"self" evident. Very important. Evident to the self.

Know thy "self". See?

Zen practice is a good analogy, when the mountain of doubt finally crumbles, you are left in a "place" where all "truths" are "self" evident.

 

ORI

http://aadivaahan.wordpress.com

 

Sat, 07/31/2010 - 13:12 | 497865 Spitzer
Spitzer's picture

Im glad a guy that voted for Obama is not managing my money.

Sorry Mikey but that is just unacceptable

Fri, 07/30/2010 - 12:14 | 496356 Jason T
Jason T's picture

Look at the reaction of this rooster! 

http://www.youtube.com/watch?v=A43JOxLa5MM

The Animal farm is about to rebel and this guy is calling on the troops to attack the "pigs."

Fri, 07/30/2010 - 12:15 | 496359 junoroland
junoroland's picture

"All truth passes through three stages: First, it is ridiculed; Second it is violently opposed; and Third, it is accepted as self-evident."
~Arthur Schopenhauer (1788-1860)

Fri, 07/30/2010 - 14:52 | 496724 tpberg7
tpberg7's picture

From another famous German:

 

It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”  Joseph Goebbels

 

Fri, 07/30/2010 - 23:01 | 497454 Oh regional Indian
Oh regional Indian's picture

Nice Junoro. Another great "truism".

ORI

http://aadivaahan.wordpress.com

Fri, 07/30/2010 - 12:21 | 496377 Cult_of_Reason
Cult_of_Reason's picture

Have you noticed that who ever was manipulating ES this morning knew about Chicago PMI at least ~5 minutes before the release (large buy ES block was activated at 9:41) -- suggesting that the manipulator was someone from the government?

 

Fri, 07/30/2010 - 13:06 | 496510 French Frog
French Frog's picture

i believe that certain 'subscribers' to the Chicago PMI get the number in advance of the 9.45 time: my understanding is that they know about it by 9.42 which would tally timewise with the big move up of the low; this happens every month... 

Fri, 07/30/2010 - 12:21 | 496380 trav7777
trav7777's picture

Krieger's the douche who voted for Bama because either he believes in fairy tales or else he suffers from terminal whitey guilt?  Either way, judgment not worth trusting

Fri, 07/30/2010 - 12:30 | 496403 VK
VK's picture

Krieger was dissing Gollum! Gollum had soul baby, it was Sauron who was a SOB, so Sauron is Dimon and Saruman is Blankfein.

Fri, 07/30/2010 - 13:00 | 496488 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I don't feel bad for anyone who voted for Obamatron.  Expectations are what kill dreams; that and hope.

Fri, 07/30/2010 - 14:37 | 496697 Cathartes Aura
Cathartes Aura's picture

indeed!

it is those whose "hope for change" has been so spectacularly dashed that may find a glimmer of reality added to their life, and begin the process of regaining their integrity, stop endlessly looking for someone or something to take care of them. . .

++ here's to dis-illusionment, soon.

Fri, 07/30/2010 - 13:43 | 496588 Trundle
Trundle's picture

If Krieger thinks that the citizenry will be able to freely use gold and silver in place of federal reserve notes, then he isn't taking into account the Michigan/Kalamazoo oil spill. 

Fri, 07/30/2010 - 14:09 | 496644 TreadwCare
TreadwCare's picture

@trundle, sorry, dense here, friday and the brain is already in shutdown mode.  Correlation between alternative PM currency usage and the MI/Kalamazoo spill?  You piqued my ignorant interest . . .

Fri, 07/30/2010 - 16:10 | 496939 Trundle
Trundle's picture

Numerous counties in Michigan (ancillary to Kalamazoo) relying on gold and silver as part of alternative barter system.  Federal Reserve families (including those in possession or control of oil infrastructure in Michigan) simply don't like Darby O'Gill and the Little People running off on them.  If they can start the War of 1812, think they can't do a million gallon spill into the Kalamazoo river?

How do you say you spelled intentional clusterfuck?

Fri, 07/30/2010 - 16:15 | 496959 Trundle
Trundle's picture

You say you just don't believe that:

http://tinyurl.com/3xu8tuu


Fri, 07/30/2010 - 12:58 | 496446 bada boom
bada boom's picture

I wonder what his angle is.  Is Krieger just trying to make a name for himself based on change in social conditions?  He now criticizes the two party system he just took part in 2 years ago.

Fri, 07/30/2010 - 13:26 | 496553 Snidley Whipsnae
Snidley Whipsnae's picture

Krieger is exhibiting intelligence. Intelligent people change their world views as new information becomes available...and/or they have an opportunity to watch for "change they can believe in" and have seen no change that they believe in.

Ignorant people cling to their old beliefs in the face of new and overwhelming evidence that the ignorant choose to ignore. Ignorant people that observe intelligent people changing their views as new facts become known accuse the intelligent of 'waffling on issues'.

I have posted nothing here that has not been known since the Summerian Civilization codified law, developed a modern economy, thought and wrote philosophy, plays, religion, etc.

Fri, 07/30/2010 - 14:10 | 496649 bada boom
bada boom's picture

"Ignorant people that observe intelligent people changing their views as new facts become known accuse the intelligent of 'waffling on issues'."

Gerald Celente was and is way ahead of this guy.  He is the intelligent one.

Fri, 07/30/2010 - 12:48 | 496457 JR
JR's picture


Angelo M. Codevilla, in his watershed, explosive piece now rifling through the Internet, nails his charge right on THEIR DOOR and calls them out:  THE RULING CLASS.

http://spectator.org/archives/2010/07/16/americas-ruling-class-and-the/print

“What really distinguishes these privileged people demographically is that, whether in government power directly or as officers in companies, their careers and fortunes depend on government.”

Every word in this piece is that direct; here’s a sample:

 

  • [A]fter those in power changed their plans from buying toxic assets to buying up equity in banks and major industries but refused to explain why, when they reasserted their right to decide ad hoc on these and so many other matters, supposing them to be beyond the general public's understanding, the American people started referring to those in and around government as the "ruling class."
  • They think, look, and act as a class… Differences between Bushes, Clintons, and Obamas are of degree, not kind.
  • Today's ruling class, from Boston to San Diego, was formed by an educational system that exposed them to the same ideas and gave them remarkably uniform guidance, as well as tastes and habits.
  • [S]peaking the "in" language -- serves as a badge of identity. Regardless of what business or profession they are in, their road up included government channels and government money…
  • [O]ur ruling class prays to itself as "saviors of the planet" and improvers of humanity…
  • [M]ost of the voters who call themselves Democrats say that Democratic officials represent them well, only a fourth of the voters who identify themselves as Republicans tell pollsters that Republican officeholders represent them well.
  • Democratic politicians are the ruling class's prime legitimate representatives and that because Republican politicians are supported by only a fourth of their voters… the ruling class has a party, the Democrats.
  • Sooner or later, well or badly, that majority's demand for representation will be filled.
  • Today, few speak well of the ruling class. Not only has it burgeoned in size and pretense, but it also has undertaken wars it has not won, presided over a declining economy and mushrooming debt, made life more expensive, raised taxes, and talked down to the American people.
  • [O]ur ruling class grew and set itself apart from the rest of us by its connection with ever bigger government, and above all by a certain attitude.
  • Its attitude is key to understanding our bipartisan ruling class. Its first tenet is that "we" are the best and brightest while the rest of Americans are retrograde, racist, and dysfunctional unless properly constrained.
  • Our ruling class's agenda is power for itself. While it stakes its claim through intellectual-moral pretense, it holds power by one of the oldest and most prosaic of means: patronage and promises thereof.
  • [O]ur ruling class's standard approach to any and all matters, its solution to any and all problems, is to increase the power of the government -- meaning of those who run it, meaning themselves, to profit those who pay with political support for privileged jobs, contracts, etc.
  • [O]ur ruling class is making itself the arbiter of wealth and poverty.
  • By endowing some in society with power to force others to sell cheaper than they would, and forcing others yet to buy at higher prices -- even to buy in the first place -- modern government makes valuable some things that are not, and devalues others that are. Thus if you are not among the favored guests at the table where officials make detailed lists of who is to receive what at whose expense, you are on the menu.
  • By making economic rules dependent on discretion, our bipartisan ruling class teaches that prosperity is to be bought with the coin of political support.
  • The ruling class's manifold efforts to discredit and drive worship of God out of public life…convinced many among the vast majority of Americans who believe and pray that today's regime is hostile to the most important things of all. Every December, they are reminded that the ruling class deems the very word "Christmas" to be offensive.
  • [T]he ruling class's greatest difficulty -- aside from being outnumbered -- will be to argue, against the grain of reality, that the revolution it continues to press upon America is sustainable. For its part, the country class's greatest difficulty will be to enable a revolution to take place without imposing it. America has been imposed on enough.

Fri, 07/30/2010 - 13:02 | 496493 DoChenRollingBearing
DoChenRollingBearing's picture

Thanks for bring us that one to our attention JR.

Looks like a + 100 for you!

Fri, 07/30/2010 - 13:06 | 496509 spekulatn
spekulatn's picture

+100 for you both. 

Fri, 07/30/2010 - 13:11 | 496518 spekulatn
spekulatn's picture

Codevilla's piece is brilliant after a first read. I purposely avoided all discussions about the piece because, like Frank Costanza, "I like to go in fresh."

http://www.youtube.com/watch?v=t4qxO31AfrI

 

Fri, 07/30/2010 - 13:26 | 496554 trav7777
trav7777's picture

spot-on.

The elite class also conspires to create a stranglehold on all the key jobs and key universities.  Then they catch .22 you with the we only hire Yale/Princeton/Harvard shit.

Fri, 07/30/2010 - 14:12 | 496654 gmrpeabody
gmrpeabody's picture

Excellent contribution!

Fri, 07/30/2010 - 12:54 | 496475 breezer1
breezer1's picture

so max thinks that americans might like tyranny. theres an old saying,' if someone gets kicked in the balls every day and then one day there is no kick they think, hey don't you love me anymore'.

maybe max is right. in lots of places they would be rioting right now. they are in greece. and in iceland. no need to riot here, just get physical.

Fri, 07/30/2010 - 12:59 | 496482 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It was a poignant interview.

Fri, 07/30/2010 - 12:59 | 496483 TooBearish
TooBearish's picture

Wait ...didn't Krieger start a Hollywood exchange and sell it to Cantor?

Fri, 07/30/2010 - 13:02 | 496492 crzyhun
crzyhun's picture

Point, the Admin is for Big Bisness, big time!! Lookie at all the support and money they got from Mr Big. Also, the lobbyist turnstile is for real, right into or out of Big Gov't.

What this Admin and Dearest Leader is not for is free markets or any such for solutions. IT is all gov't imposed, top down, oppression.

GE, BP, or Pharma and unions, etc. all at the trough....as for the rest, it is a big boot on your neck.

Fri, 07/30/2010 - 13:04 | 496502 spekulatn
spekulatn's picture

1. Freeze the vid @ 16:40

2. Read again trav7777's comment above (whitey guilt bitchez)

3. Have a nice weekend.

Fri, 07/30/2010 - 13:30 | 496561 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think that the 'what if McCain had been elected' rhetoric is silly, never mind combative and Hegelian.  For starters, the Replubs threw the election just as they did in '96 by having a bumbling old crazy run for Dope in Chief.  Secondly, even if someone with rationale had been in the running Diebold could have taken care of that.  What did America want for voting for a half African American man from Indonesia anyway?  A cookie?  Way to go America, you da best!

How about we take our first President's advice, and not have a President?  Fuck the Federal Government, the Constitution, and Magna Karta!  Rights are inalienable, I don't need some Humpty Dumpty telling me what I can and can't do!  We have moral laws to dignify such.  Smoke on that!

Fri, 07/30/2010 - 13:45 | 496595 Pinky
Pinky's picture

What would have happened if we'd elected McCain . . . HM. Well I know one thing for sure: There would be "birthers" running amok because McCain was born in Panama. I always found that little factoid interesting.  No matter who was elected, the powers that be were going to use the citizenship issue like a bunsen burner flame: Turn it up, turn it down in the media, depending.

Nothing would have been different under McCain, except for the fact that McCain's mind is not faring so well these days and those speeches and press conferences would have been painful to watch. 

Fri, 07/30/2010 - 14:12 | 496653 Cathartes Aura
Cathartes Aura's picture

*cough* Raygun. . . I wonder if McCain's wife would deign to lead him about by the hand like Nancy did. . .

I like the way you think Pinky - highlighting the inevitable propaganda story fed to the populace, irrespective of the "team" colours, either actor would produce the same "message". . .

++ wisdom.

Fri, 07/30/2010 - 18:13 | 497196 AccreditedEYE
AccreditedEYE's picture

Rights are inalienable, I don't need some Humpty Dumpty telling me what I can and can't do!  We have moral laws to dignify such.

Amen brother.

Fri, 07/30/2010 - 18:02 | 496511 rapunzel
rapunzel's picture

DALLAS — The Securities and Exchange Commission has filed suit in New York against famed Dallas billionaire investors and local land owners and philanthropists Sam and Charles Wyly, accusing them, their attorney and their stockbroker of insider trading.

S.E.C. Charges Brothers With $550 Million Fraud

http://www.aspentimes.com/article/20100730/NEWS/100739997/1077&ParentPro...

Fri, 07/30/2010 - 13:12 | 496519 Fred Hayek
Fred Hayek's picture

The "Progressive Party"? 

My god.  I guess he couldn't find a more shopworn name with more false connotations to it. 

Fri, 07/30/2010 - 13:13 | 496525 nontaxpayer
nontaxpayer's picture

yadayadayada

Fri, 07/30/2010 - 13:30 | 496563 dondonsurvelo
dondonsurvelo's picture

He wants to call the movement Progressive.  This guy is an idiot.  The Progressives are the Keynesians and the socialists.  Obama is a Progressive.

Fri, 07/30/2010 - 17:11 | 497116 Trundle
Trundle's picture

A 30-something New Yorker calling himself a progressive starts out as a hose. 

Fri, 07/30/2010 - 13:59 | 496620 DollarMenu
DollarMenu's picture

If the generation that Mr. Kreiger identifies himself with, 30+ year olds really thinks that the 2 party system is defective in the ways we know it to be, I think that's a good learning curve for people  who were in their late teens or early twenties when Clinton was elected.

It takes time and circumstance to bring politics to personal attention.

The 'choices' route that he speaks of is probably going to be the most effective IMO.

Fri, 07/30/2010 - 14:38 | 496698 tpberg7
tpberg7's picture

I find it refreshing and encouraging that a thirty-something has experienced the rude awakening of the real world that was foisted upon him by several decades of monstrous propaganda based on the outright lies of liberal learning, and with much success.  The audacity of Joseph Goebbels: “If you tell a lie big enough and keep repeating it, people will eventually come to believe it." 

Fri, 07/30/2010 - 14:19 | 496666 merehuman
merehuman's picture

I am still around, but have  taken to ignoring the world more each day. 

The garden is going great guns, i can see next year i will be able to feed neighbors as well as myself. Oregon life is still sane and reasonable.  Eastcoast folk seem to have their head up their asses. Do they take stupid pills or what..? 

I say that because michigan is evacuating folk from the oilspill gasses. But the gulf is a hundred times worse , but thats OKdokey?

Something is extremely wrong with this picture, especially when you add recent reports of internal bleeding. Google it, maybe it wont be suppressed.

Also have not seen the boppity bop since a seafloor eruption 4/5 days ago

And , yes i check the BP site several times a day.  And USGS bacause those are next shoe to drop. California EQ very busy today , been ramping up a while now many are making predictations of a big one like yesterday.

I try to stay with whats real. The gulf and the EQs . The market, economy , government and media are a lie and i wont spend much time on it .

Oh and in other news, the rat that has evaded all my traps, well i snuck up on him and clobbered him with a stick. It broke, but i got the fat boy!

Have a lighter day, try my Mantra "fuck it!" and move on.

Sat, 07/31/2010 - 04:49 | 497567 saulysw
saulysw's picture

Hahaha.. I like the story of the rat. Like bankers, they get fat and lazy eventually.I have an evasive rat around my chicken coup, so I can identify with this.

I would love to have self sufficiency in food. That would make me sleep better than any gold coin...

Fri, 07/30/2010 - 14:41 | 496700 JR
JR's picture

The San Francisco Chronicle reports today in City’s High Taxes:

Residents of Bell, where city leaders were among the nation’s highest paid, are paying some of the highest property tax bills in Los Angeles County.   Residents of Bell pay bigger bills than Malibu and Beverly Hills, the Los Angeles Times reported Thursday, with the owner of a $400,000 home paying a property tax bill of about $6,200.

(Based on Bell’s just retired-at-55 millionaire manager created by the city of Bell, Robert Rizzo's salary of close to $800,000 will earn him $26 to $31 million dollars in retirement. Bell is one of the poorest towns in Los Angeles County with a population of below 40,000, 90 percent Hispanic with a 17 percent poverty rate. Police Chief Randy Adams earned $457,000.  City Council members, save one, earn between $90,000 to $100,000 each annually.)

Fri, 07/30/2010 - 15:28 | 496810 tip e. canoe
tip e. canoe's picture

Willie Nelson/Jesse Ventura 2012

time to let the pot smokers take over
(the ones with the courage to admit it that is)

Fri, 07/30/2010 - 15:37 | 496847 Cathartes Aura
Cathartes Aura's picture

can we get Willie's neighbour Woody Harrelson in to dis-band the military?

He now lives on Maui, Hawaii, in a mostly self-sustained community. Neighbors include Kris Kristofferson and Willie Nelson

ahead of the curve, these folk. . .

http://en.wikipedia.org/wiki/Woody_Harrelson#Personal_life

 

Sat, 07/31/2010 - 08:08 | 497621 tip e. canoe
tip e. canoe's picture

that's jesse the body's job

Fri, 07/30/2010 - 22:52 | 497442 merehuman
merehuman's picture

I admit i prefer a bowl over  a beer and honesty over sweet lies

Fri, 07/30/2010 - 16:05 | 496926 AxiosAdv
AxiosAdv's picture

"Progressive" is a terrible word for him to use.

Fri, 07/30/2010 - 19:43 | 497267 AxiusAtlanta
AxiusAtlanta's picture

this guy manages money ? 

probably uses "hope" to pick his stock also.

 

Fri, 07/30/2010 - 21:29 | 497358 theworldisnotenough
theworldisnotenough's picture

Ughh. This is terrible. I hear the sound from Charlie Brown when they talk to adults. "Progressive..." gimme a break.

 

 

Sat, 07/31/2010 - 01:17 | 497521 Fishhawk
Fishhawk's picture

Mike Krieger is in an interesting spot to be claiming to represent the 'New Progressive' party, being a hedge fund manager and dangerously close to being a member of the moneyed elite.  However, his comment that the sheeple are now fully aware of how the Demicans and Republicrats are merely taking turns representing the elite, and are ready for some real change, could be the one wild card in the current collapse.  The fact that none of the criminals now looting the country are in jail is pretty clear evidence that the government is the problem.  But with the MSM fully bought, real third party candidates are trivialized, while the appointed party apparatchiks are sold like detergent in a media blizzard.  Sites like ZH show that there is a growing body of citizens who are alert to the situation, but they are a tiny portion of the registered voters, so I don't see this 'Sheeple's Party' electing any new blood to Congress who will actually start representing the US citizens any time soon. 

Meanwhile, the elite are in big trouble, as they got so enthusiastic in their greed that they killed the goose, and the ensuing credit collapse of the previous 39 years of inflationary bubble blowing is going to be so crushing that MSM will not be able to keep the American Dream delusion going for much longer.  The previous poster who reports being able to hunt down rats with a stick is the true representative of the newly dis-illusioned citizen.  True progressives will ignore Congress, as it will become irrelevant all by itself at the current rate and direction it is moving.  Sweden showed us back in the '90's that when over half the population is 'working' for the government, the society and the economy collapse, and it stays collapsed until the people start participating in actual productive work. 

Sat, 07/31/2010 - 15:39 | 498039 Grand Supercycle
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