Max Keiser: How the Gulag Casino Economy works

I was a guest of Alex Jones on infowars last week and Alex mentioned my ideas concerning the emergence of ‘casino gulag state’ and a ‘casino gulag economy.’ I wanted to flesh that concept out a bit. Admittedly, some of my forwarding looking finance and economics ideas might look like I am contorting reality a bit, but not if you put yourself in the position of looking out from inside the financial engineering minds of the world’s investment banks and technology innovators. In a fractional reserve managed, fiat currency based global economy ‘money’ is as plastic and amorphous as any medium and can take any form that suits the interests of the powerful at the expense of the just.

The Casino Gulag model works as follows:

First, the huge debts incurred by consumers around the world and most particularly in the US and UK will continue to increase in size. The price of credit (interest rates) will never rise enough to change the behaviour of debt addicts plus, the Federal Government will, vis a vis the ongoing bailouts and restructuring of the public and private markets, transfer tens of trillions of dollars of unfunded pension and Medicare/Medicaid liabilities – that are now hidden from view due to ‘off the books accounting’ – onto the public’s balance sheet by selling these debts to America’s biggest creditors; China, Japan, and the Mid East countries.

America will be surprised to wake up one day and find that each one of them owes these creditors hundreds of thousands of dollars on top of the hundreds of thousans they alrady owe on mortgages, credit cards and cars.  Aiding in this ‘bait and switch’ will be the religious supremacists in America who will push a revisionist message transforming the meaning of the concept of ‘original sin’ to be interpreted as ‘original debt’ meaning that to be born into debt is to be disabused of any doubt of God’s (read: Visa’s) existence.

America already has the biggest and fastest growing prison population in the world and these prisons, like America’s various wars of convenience, are hugely profitable for the private prison operators here and abroad. Why not extend the prison brand and lifestyle beyond rap music and lopsided baseball caps to include all the amenities of the casino industry?

How?  The growing prison population; expanding due to law changes that will criminalize all late payments, will be given cheap online accounts and free gifts of dollars from the government to speculate on online casinos sponsored by the Golden Nugget and Goldman Sachs.

‘Justice’ will be in the hands of the prisoner who will not be collecting their winnings in the form of cash, but in seconds, days, and weeks lopped off their prison sentences. Losses will result in prison term extensions. ‘Justice’ itself will be taken public on NASDAQ; ticker symbol, JSTC.

The return of time for dollars, per this model, will be very profitable for the Golden Nugget-Goldman Sachs axis of prison gulag debt slave underwriters on Wall St.

Additionally, a gulag-casino reality TV show that features debt slaves winning their freedom with winning bets can add to the bottom line. As long as the MSM and gulag-casino operators push the idea that everyone in prison has a ‘fair’ chance of gambling their way out of prison, Americans will never question the underlying premise that the only way this works; the only way this model ‘grows’ the economy is to incarcerate everyone will never be questioned.

135 comments on “Max Keiser: How the Gulag Casino Economy works
  1. Mike says:

    The US stock market current trend

    The US dollar shows a bottom and strengthening pattern. Should the EURO drop below 1.40 which the charts seem to indicate and the dollar index continue to rise you can expect US money managers to invest more overseas. This shift in asset investment should cause the US stock market to drop maybe significantly.

  2. Mike2liverpool says:

    Gold getting killed!

  3. Mike says:

    The Global nature of markets today with the internet. Is surely going to create problems 10 years ago it was unthinkable to move your whole portfolio from US to say the phillipine in a fraction of a second.

  4. doomandbloom says:

    can all this debt be resolved if they bring out the new currency ‘Amero’?

    How will this impact the other nations? will this save the US? if yes, then this might be their master stroke

  5. Dedo says:

    @Max,…..Do you think this is where we’re heading,…everything seems to be in place, eg,..uber survellance, restricted travel (carbon footprint hoax), food rationing, water scarcity,.etc etc ?

  6. Mike says:

    How important is the price of gold to the FOREX market because of its limited supply and the fact its one of the most manipulated commodities next to oil. I would never put a dime into gold ever. Past experience of getting seriously burn.

  7. Fibon11235 says:

    @ Max
    I’m not a expert and don’t have the understanding in this subject, as you do.

    What I do not understand is how would the west have been able to trade so little gold for oil, without a fiat system, as successfully as it has done?

    Also if this currency system was viable and understood by many, it would not have worked as individuals would have taken advantage of it on mass, long ago. This is a good quote at this point on the central bank secrecy.

    “A great deal of intelligence can be invested in ignorance when the need for illusion is deep.”
    —Saul Bellow
    If we did have a Gold backed system then the oil countries would have had all the gold and wealth long ago?
    The problem is were all in a great mess now and a huge default reset event seems to be talked about more and more.

    I want to point out I like transparency on everything, freedom of information, fair trade and as much liberty as possible. I also am not taking any real position, it just appears complex and confusing. Some villains can be easily understood, but not all.

    We seem to have to much propaganda in the main media and it does not help anyone at all in the end, it reminds me of this other quote.
    “Propaganda is a soft weapon; hold it in your hands too long, and it will move about like a snake, and strike the other way.”
    —Jean Anouilh,

    and to top it off the problem that is:-
    “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”
    —Charles Mackay
    Sorry to be cynical but I don’t think the madness can be stopped and I think it could get ridiculously scary. The need for information to be free is important to stop crowds / countries going mad.

    In short if a system become to afraid of the truth then it is lost and quite mad and will not recognise the truth until events make it sober again.

  8. sklein says:

    Yer not gonna like this. One bit.

    Militarization of public health in the case of emergency is now official

    by Michel Chossudovsky Global Research, July 31, 2009

    According to CNN, the Pentagon is “to establish regional teams of military personnel to assist civilian authorities in the event of a significant outbreak of the H1N1 virus this fall, according to Defense Department officials.”

    The Pentagon is already planning on the number of troops to be deployed,. with a view to supporting a mass vaccinaiton program.

    It is worth noting that this involvement of the military is not being decided by the President, but by the Secretary of Defense, which suggests that the Pentagon is, in a key issue of of national interest, overriding the President and Commander in Chief. The US Congress has not been consulted on the issue.

    This decision to mobilise the Armed Forces in the vaccination campaign is taken in anticipation of a national emergency. Although no national emergency has been called, the presumption is that a national public health emergency will occur, using the WHO Level 6 Pandemic as a pretext and a justification.

    Other countries, including Canada, the UK and France may follow suit, calling upon their Armed Forces to play a role in support of the H1N1 vaccination program.

    US Northern Command

    Much of the groundwork for the intervention of the military has already been established. There are indications that these “regional teams” have already been established under USNORTHCOM, which has been involved in preparedness training and planning in the case of a flu pandemic (See U.S. Northern Command – Avian Flu. USNORTHCOM website).

    Within the broader framework of “Disaster Relief”, Northern Command has, in the course of the last two years, defined a mandate in the eventuality of a public health emergency or a flu pandemic. The emphasis is on the militarization of public health whereby NORTHCOM would oversee the activities of civilian institutions involved in health related services.

    Apart from the CNN dispatch and a FOX news report, there has been virtually no mainstream press coverage of this issue. No statement has been made by USNORTHCOM. The Fox New Report suggests that US troops would be involved in organising military quarantines (see videoclip below).

  9. Fibon11235 says:

    Dont worry about gold its weight is constant and your feeling of loss is delusional. You can find balance if you seek to understand the wider system then it just appears as a desperate manipulative joke that works in your interest, maybe lol

  10. dan valley says:

    Around the end of Oct. to the middle of Nov. will be the dollar dance of death.

  11. Mike says:

    If you think gold is next major currency buy it. You’ll never walk into a walmart pull out a bag of gold and buy your grocery.

  12. dan valley says:

    Geithner Asks Congress to Increase Federal Debt LimitPosted by Dan Valley on August 10, 2009 at 8:13am in Headlines
    View Discussions
    .Washington — U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is “critically important” that they act in the next two months.

    Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said.

    The Treasury didn’t request a specific increase in the letter.

    “It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations,” Mr. Geithner said in a letter to lawmakers.

    Mr. Geithner said the that it is “clearly a moment in our history” that requires support from both Democrats and Republicans for the increase.

    “Congress has never failed to raise the debt limit when necessary,” Mr. Geithner said.

    The non-partisan Congressional Budget Office said Thursday the federal government’s budget deficit reached $1.3 trillion through the first ten months of fiscal 2009, on track to reach a record high of $1.8 trillion for the 12-month period.

  13. [email protected] says:

    Well Max, Orwell doesn’t hold a candle to you…that’s quite a serious gulag state scenario….I once asked the question: can you distinguish between madness and insanity? There is a clear distinction…yet most folks never think critically and just expected the two to be one…and that is IMHO exactly what we are in store for in the near future,As a victim of the USA War on Drugs ( a/k/a “citizens”) I know first hand that the secular left/right paradigm supported by a collusive ecumenical priesthood will lay the ground work for this awful futuristic gulag casino ( hedonistic) lifestyle you portray….many an inmate has found “g-d” while in prison…frankly if that is your core belief system; “g-d” was never absent!!! Today, we are witnessing the separation in society of the good citizen and family oriented person who in the old vernacular supports his family; while the remainder of society is footloose( impoverished and in debt) and irresponsible…even though the labor market has been decimated by corporate and government policy ( notice that CEO’s receive 30% of all salary today)…and more and more stable employment is provided through the government or supportive private corporations…I don’t see you Max as including any options to the system you describe…no method of self sufficiency???????? Hope you develop a solution to this quagmire before too long…Too many hideous possibilities are in the offing this fall….

  14. wildcard says:

    Max! Alex Jones did a show in joker face paint…when are you going to do this?

  15. Fibon11235 says:

    I was not advising Mike2Liverpool to go out and buy gold even if I thought it was a good or bad idea. He just appeared in pain over a possible price blip.

    You may benefit if you understood the difference between Money and Currency, and you wont find if on wackopedia , it all good fun lol

  16. Mother Earth says:


    But how about food, fuel and ‘stuff’? Where is that going to come from in an economy that only regugitates paper? Do you believe in war?


    Why not, that has been the case for thousands of years. Since 2008 India is distributing 1-8 gram gold coins to farmers, in London markets gold and silver are used (middle east currency), france has a silver containing coin. So maybe not a 1000 ounce ingot in yourwallet, but something more practical, sure..

    Gold, Mines and War. In a gold related link yesterday the author mentioned there is a historic relationship between the ownership of mines and the ability to wage wars. No China seems to want to get some from Rio Tinto, after its pruchase went bust due to spying.. Is this more preparation for war, or the prevention of it ?

  17. brain says:

    I have debts, but I OWE NOTHING. At the end of the day, I can walk away/default & start afresh; irregardless of how much debt-load banks/government throw on my back.

    I say, “walk,” & start hoarding cash/coins/property that you may very well need to survive.

  18. gonzomarx says:

    well the infrastructure in place

    Is It Now a Crime to Be Poor?

    A request to snoop on public every 60 secs &

    MI6 denies complicity in torture

  19. Mother Earth says:


    Its just a long way to the exit for the Pound and Dollar, but they will get there in the end..

  20. anything but green says:

    @ Steven UK

    “anything but green. Until now, I have not read a comment that you have posted here that has not hit the spot. Having read most of Tarpley’s books and as a regular listener of Tarpley’s Weekly radio show, your comments, for once, are well wide of the mark.”

    Thank you for your response. Am trying to keep up with comments inbetween being offline for days at a time, so please forgive the tardiness.

    Your thoughtful feedback merits attention, so I’ll reconsider the topic and get back to you later.

    I haven’t followed Webster for a long time, although he was fun for a while and I have a soft spot for him because he sticks his neck out to support quality, taboo research. And as you might already realize, he is a rare critter in truther land, being a genuinely free agent.

    If I’m mistaken about the globalist thing, it’ll be a relief; hope you’re right. Shall listen to him again and see what set the alarm off and report back. On the research into the drills, that came from Nico Haupt’s “Lost War Drill?” which evolved into “The Lost Terror Drills”–back in the days when Team8 was active.

    At any rate, I’ll enjoy checking this and getting back to you. If I’ve been spot on so far, gosh, it’s be a pity to spoil the record. (Receiving a fairly high report card makes me wonder about the examiner… and just how many other people here are on a similar wavelength.)

    Will be away from the puta until next week, but this topic will be top priority on my return.

  21. Daniel S says:

    Another aspect of the Gulag is video gaming. Persistent virtual gaming worlds can give people rewards that are even more empty and fake than today’s Big Box made in China crap, or Hollywood’s toxic doses of virtual life. Slaves can get the feeling of striving towards a variety of accomplishments within virtual gaming worlds while their real lives continue to erode. Increasing numbers will shun their actual lives in favor of the false honor and glory of say, a well-geared level 70 World of Warcraft character. They won’t even demand the cheap vodka and sausages be real.

  22. T says:

    If Simon Cowell is invovled in this reality show, I’m emigrating.

  23. T says:

    Does anybody have the feeling now of saying what’s the point of the MSM? There’s literally no reason to watch. Also, they’re doing their part to kill single payer. But naturally they’ll do it in a way so they still appear to be “objective”. Kind of their racism towards Obama and their ultimate goal of electing Nutcase Palin in 2012.

  24. Mike says:

    While it is true many Americans are in debt most pay there debt. The fact is even if everybody just stopped paying because of the outrageous fees interest 21% these banks have charged they are still way ahead of the game.
    In America you always have the down and out card bankruptcy clean all debt and start a new. Most people might be surprised that you can file bankruptcy and within a year have credit cards and even be able to buy a brand new car on credit.
    Actually the mortgage market housing was kicking fine the media created this panic for ratings. Then nobody would give mortgages how the hell can you sell your home if you can’t get a mortgage from a media induced panic.

  25. @Doomandbloom

    Back in the days before I woke up…. I had the pleasure of studying a LOT about the establishment (economic/law/political) of the European Union and the dirty deeds that were committed to get the Union together. For anyone who wants to REALLY see where America is headed with this whole North American Union thing, I would implore you to get a book on the creation of the EU. It’s VERY complicated but most dastardly acts are!

    Let me know if you want some recommendations…

  26. Daniel S says:

    If the US government seized the gold of Americans, could that gold be used to suppress the price?

  27. Alex says:


    Unless the US is a nation of totally stupid people (and that is the BIG unknown) ; the charade of zombie fascist banksters will come to an end and the US will coin its own money again. Half full kinda guy, I am. I am betting that the 300 million US (have nots) will revolt against the 1-2 million ponzi scheming scum (and their politicians) that are in power right now.

    Gold as currency? No way, The US will eventually seize this gold as they did in the 1900’s. Most likely Silver. Federal reserve notes = bad toilet paper, and soon.

  28. Mike/Liverpool says:

    Let me ask you, what do you think 321 Gold would put on their website…..”Gold is blown, run to the hills”

    Of course they say BUY BUY BUY.

    BTW Caught you trying to sing that Beatles song…..You & little Jimmy should get together!


  29. Youri Carma says:

    What you already can see now here in Europe is that Lottery Jackpots are at all time Highs.

    @Mother [email protected] US

    Don’t let them fool you by saying they gonna do something about the poppies. How long have the been in Afghanistan allready to do someting about it? How many times have we heard they gonna do something about it? Right!

    In fact the U.S. Army together with CIA make money with the Poppies. The first year the U.S. went in Afghanistan the poppie harvest went up! Bill Clinton is the biggest cocaine dealer of the US. Have you ever heard of the Noriega affaire? Do you think the CIA suddenly stopt it’s drugs trafficking?

  30. iveggy says:

    Well, I am not an expert in this field, so I am going to take your words literally. If the gulag casino theory will actually enter the reality kingdom, Max, can you explain, how the banks will profit from the population? The people who are not in jail will be scared to death to borrow a dollar. Also what would happen to all of the home owners? Will they be all homeless, after the jail time for the late payment? In your dark scenario the US would become the Soviet Union of the late 1940’s, or worse. How the banks can make more money on the bankrupt society… ?

  31. Danny says:

    The plot thickens….

    Sergey Aleynikov Strikes Back, Files Goldman Subpoena

  32. Alex says:


    A great article. Me being a “Mark” myself, need to read this again as should alot of people!

    How do you explain no hyper-inflation (yet)? Shouldn’t this have happened in 2007 when the banks melted?

    The entire economy has to be “artificially manipulated” to have no H-I. The US still has insurmountable credit hurdles (commercial real-estate) coming, and people walking away from their credit card debt on a massive scale. Not to mention that endless sound of money being sucked out of the economy by the derivative Black Hole. Where’s the Hyper-Inflation?

    Also, Ravi Batra (professor of economics at SMU) predicted end of stock-market in 2010) do you concur?

  33. Mike/Liverpool says:

    Too much X-Files for one day

  34. Youri Carma says:


    Talking about X-Files. Heard about the Bott project? The Bott project is based on the assumpution that everybody has a sith sense and expresses that unconsiously in their language. The Bott computer program searches for multiple keywords expressing future info and as such predict future events. Maybe you can’t take this serious but the Israeli Army did and rethought their attack plan on Iran.

    Saw Minority Report (2002) just recently and was surprised, this is real folks. At least for me and the Israeli army it is.

  35. Veritas says:

    A few years ago I was taking some anthropology courses and I found that similar ideas to Max’s were waking me up at 2am, demanding to be written down.

    It was all to do with whether capitalism as it was practiced by most people was becoming a religion, and if so what did that look like. Original sin is definitely in the process of being replaced by original debt. Greenspan was being treated like the Pope by the media. The market was anything but free, but pundits kept on saying it was, over & over.

    Anthropologists are kind of fuzzy about what constitutes a religion. I’ve learned why: Suggesting anything other the clearly identified religion(s) of the land is a religion causes offense, because people insist they always think for themselves, even when they don’t.

    This is unfinished:

  36. Mike/Liverpool says:

    £ getts leatherd by the $ today.

  37. Youri Carma says:

    @Dublin Brian

    Actually Max admitted he was wrong about this Comex call on AJS so what’s the big deal? Think for yourself and make some predictions yourself instead of criticizing other people, that’s lazy and accinite. Don’t listen to Max than. Why don’t you critisize Obama? You are a “krentekakker” Dutch for somebody who shits little grapes.

    Making predictions especially the timing is very difficult. The Comex still can be busted.

  38. anything but green says:

    @ TSGordon

    Know Nico? Let’s just say he’s had a few enchiladas on me.

    And he’s in your group? Which would be??

    Definitely he would be great for Max to interview. Sure hope you can persuade Max to do an interview. Nico wrote a piece on GS in late 2007, as you may know.

    Chapter 1 How U.S. Credit Institutes lost track against Goldman Sachs

    Chapter 2: The Goldman Sachs- Blackstone Alliance

    Chapter 3: Is Chinatown ‘hub’ for an eurasian WW Invasion?

    Chapter 4: Bankers in China

  39. W_W says:

    Yeah, it’s about time for Gladiator II: Rise from Debt.

  40. sharon says:

    @ Dublin Brian……….I cant see you ever being asked on to BBC TV again.
    Wow! What a huge disappointment that’ll be! Not being able to go on the Bullshit Broadcasting Corporation. Max, how will you cope?!

  41. Youri Carma says:

    U.S. banks to make $38 billion from overdraft fees: report

  42. Phil says:

    @Dublin Brian .. ” Its hard to believe your predictions anymore because youve been wrong so many times, ie predicting last years election would be cancelled, or the Comex would go bust. ”

    C’mon … the Oracle “prediction machine” was just a bit of fun … not to be used for trading purposes of course.

    Actually Max has been right more times than wrong, which means he beats all the US-MSM pin-stripes hands down.

    As to Max’s character … you said “buffoon” …
    … well , just think of all those “retail investors” that have been fleeced by the US-MSM + WallStreet cooperative .
    If they appeared instead of Max, you might see behaviour FAR in excess of Max’s screaming !

    For me, Max can’t scream and shout loud enough !

  43. Phil says:

    @sharon … “Jobless to work for their benefit:-”

    Sharon, Germany is again way ahead here.

    A guy called Hartz introduced a new law called “Hartz 4” which basically strips people’s social security down so that they don’t have enough money to live on. ( Hartz was recently caught in a corruption scandal BTW ).

    Then the introduced the “1 Euro” jobs … 1 Euro per hour.

    …. and “still” , the Germans continue to vote for the big parties !
    Crazy !

  44. Youri Carma says:

    How the Fed will weigh up Treasuries buying

  45. Phil says:

    The next financial fiasco? It could be reverse mortgages.

    Americans mortgaging their houses to pay their medical bills get the final bill.

    When you see things like this ( Medical bills ), you ask .. why do Americans stay there. Any country in Europe has better conditions !
    Are they “that” patriotic or what ?

  46. Fred's Family says:

    The Gulag is up and running.
    If you can’t pay you can work it off in our private prison system.
    Did you know that BONDS are created for each prisoner.
    You too can take a bite out of crime.

  47. Youri Carma says:

    “Consumer bankruptcies show no sign of abating after rising more than a third this year and may hit 1.4 million by Dec. 31 as jobs are lost and loans are harder to get, according to the American Bankruptcy Institute.” FROM Consumer, Celebrity Bankruptcies May Hit 1.4 Million (Bloomberg)

  48. Mother Earth says:


    The CHS article states that the rich will profit whether the chaos is self induced or not, basically because they are mobile and can protect their wealth. There is considerable fallout in the process though.

    I made a video on the usefullness of chaos a few days ago

    If some powerfull people really want to throw a wrench in the machine we may even see a disruption so big that it renders the historical context useless.

  49. BlackDouglas says:

    The problem here is that you can always say protests are orchestrated. If the evil empire is orchestrating them how come their corporate media is trying to close them down? People will always try and hijack a demo – I realised that at univeristy when every time students had a genuine grievance about grants and loans someone would turn it into a class war and then the whole demo would crumble into dust.

    Now we really do have a class war. As you have so ably pointed out people have been robbed blind by fascist oligarchs and losing their homes, jobs and can’t feed the kids. Now they are angry and losing it. They haven’t hit the right targets yet but they will.

    The revolution has to get out of youtube and on to the streets one of these days Max. We always knew it was going to be messy. We are ‘On the Edge’ and leadership is not about waiting for the perfect conditions for revolt – that ain’t gonnie happen.

  50. Youri Carma says:

    @Dublin Brian

    Why don’t you look at all the good stuff Max & Stacy produced instead of picking on nitty small things? That’s why I called you “Krentekakker”.

    I’ve got a cure for your disorder too. What you call hysterical is normal human emotion which more people should have if they where sane. Has nothing to do with subject. It’s a Ad Hominem attack which is not apreciated.


  51. gb says:

    @Dublin Brian
    I really don’t think max says anything he doesn’t believe.

  52. Dan says:

    But doesnt there come a point where a critical mass of wealth is being leeched from the productive side of society that it simply cannot sustain anymore and we a see a mass collapse of currency’s, this is a certainty unless we get off a debt based system

  53. Mike says:

    I must admit as long as the EURO maintains its up trend I’d be bullish on US stock market. Again if people keep jumping on the puts the market maker will not want to move this market down.

  54. Youri Carma says:

    Taxpayers Lose as Flippers Profit in Muni Bonds: Chart of Day

  55. Phil says:

    @Change of subject … UFOs

    SPACE ANOMALY: Huge object caught near of Saturn´s rings.

    …. ” That´s the most stunning image caught in our solar system EVER!!! A gigantic cylindrical UFO with thousands of miles lenght near of Saturn´s rings. The shots were made by Cassini-Huygens and Hubble, in 2004 October and also NASA caught a weird sound supposed of the radio signal emitted by the object. Original pics and audio file, available to further investigation ” ….

    I saw a video a few weeks ago of one of the Apollo Astronauts ( forgotten his name ), he said something like : “wait ’til you find out about the monolith off one of Saturn’s moons .. it’s massive”

    Another guy said there is a YT video out there in 6 parts going into greater detail.


  56. Kaks says:

    Reading this reminded me of Dicken’s frequent references to debtors prisons in England in the eighteen hundreds. Perhaps we will soon see a return to the Poor Laws of the past?

    The Prison System In the Victorian Age

    The Definition of Prison:
    The dictionary definition of prison is as follows. “A building for confinement of persons sentenced or awaiting trial for crime; a place of captivity”. However, this is not necessarily true. In times as close as the 19th century, people were sent to workhouses just because they were orphans. Even today, the mentally ill are sent to a kind of prison against their will. A better definition for prison would be “A place of confinement for persons labeled as unfit to live in normal society.”

    The Poor Law of 1601
    The Poor Law of 1601 in England, assigned responsibility for the poor to parishes (local civil government). These parishes built workhouses to employ the poor on a profitable basis. This turned out to be a difficult thing to accomplish and during the 18th century workhouses degenerated into mixed receptacles (places to store things), where every type of person was dumped. Orphans would also be put into workhouses if orphanages were full or simply non-existent. Some of the more famous workhouses are Bridwell in Britain and Maison de Force in Belgium.

    The Poor Law Amendement of 1834,, standardized the system of poor relief throughout Britain. Groups of parishes combined into unions, which became resposible for the workhouses. This law provided that no relief could be given to the able-bodied in their own homes and that all who wanted to receive aid had to live in the workhouses. Conditions in these workhouses were very harsh and degrading in order to discourage the poor from relying on parish relief. These conditions improved in the later 19th century and by the first half of the 20th century social-welfare services and the social-security system replaced workhouses altogether.

    Prison in the 1850’s
    Different countries imprisoned debtors, delinquent juveniles, minor misdeneanants and felons. Jails were mostly dark, overcrowded and filthy. All types of prisoners were herded together with no separation of men and women, the young and the old, the convicted and the unconvicted, or the sane and the insane. The poor conditions were descriped in detail by Charles Dickens, in his book “Great Expectations”. The description is from his own experience in debtors prison as a child.

    Debtors Prison
    Debtors prison was a place where they took people who couldn’t pay their taxes, rent or debts. These places were commonly workhouses where they would make potato sacks, baskets and other mass-produced items. These are very similar to the ones in the Charles Dickens novel “Oliver Twist”. A debtor’s prison could also be a small jailhouse resembling a small house or shed. This would be a place for debtors and their families to stay in for a short sentence. Normally, if a debtor had family, then they would accompany him in prison.

    Prison Reform in the 1860’s
    In the early 1860’s prisons were reformed. In some prisons the cooking was excellent, far better than in most ordinary inns. It seemed that the convicts were not just well fed, but fed as well or even better than some non-criminal Londoners. Food is not the only area where English convicts seemed to far better than non-convicts. The convicts got exercise, had regular habits, sufficient feeding, were healthier than the average population and didn’t have to worry about keeping a job. Once a week, every man had an excellent bath. The bedding was good, the whole building was warm and every corner was thoroughly ventilated. It provided schooling for the criminals. They were also allowed to borrow books from an excellent library in the prison. It seemed more advantageous for an Englishman to commit a crime, thereby be convicted to prison, where he could obtain better food, baths and good warm lodging, than if he were struggling on the streets of London.

    The idea of imprisonment as a form of punishment for crimes is relatively new. Until the late 18th century the most common forms of punishment were execution and exile(banishment from one’s country, prisons were used as debtors prisons. They imprisoned debtors who could not pay off their creditors, along with the rest of their family. The prisons also held people waiting to be tried and the convicted awaiting their sentences (death or transportation) to be put into effect.

  57. [email protected] says:

    See Max it’s just, according to @Kaks “deja vu all over again”…21st century style…now isn’t that reassuring?????

  58. Daniel S says:

    Just be sure that you all continue banking with the tapeworm banks and shopping at Big Box stores. Keep waiting for people to “wake up” while you yourselves are asleep. Keep financing your enemies. Keep complaining, predicting, and arguing about said predictions, the status of events and alternate “visions”. After all, there is no need to do anything in the real world to effect change in it. Pixels can do it all.

    At the core of the failure of the Roman Empire I believe there was guilt and an utter lack of purpose. Looking over my history books I can’t help but think if someone could go back in time and show Romans what would happen, they’d be incapable of changing the outcome. America and much of the world is the same today.

    You want to pay $3.49 for 300 grams of exploitation & fraud chocolate rather than go without or pay $4.50 for 100 grams of organic fair trade chocolate. You refuse to pay up front for the real costs of your ways of living. Billionaires buffered you from many of those costs through the world’s poor and vast natural wealth, in exchange for your mental and physical health.

    Bankers win. Pixel-posters lose. Now go shop at Wal-mart because “It’s understandable”.

  59. Mike says:

    We might even get another massive run up complements of people buying puts!

  60. Youri Carma says:

    BBC now admits al qaeda never existed

  61. Mike says:

    Think about it there is a logical reason the market does the opposite of what everyone expects. At least thru the eyes of a market maker its all about taking the most cash he can

  62. Larry Robson says:

    Why don’t you throw into the oracle some cosmic dimension? Linda Moulton Howe of earthfiles is currently reading the runes in the fields of Wiltshire only we dont know whose runes they are. Max you are brilliant honest and truthful with a frantic sense of humour. You could be right but I think I think Linda could be onto something more optimistic.

  63. Danny says:


    I know! I watched The Power Of Nightmares (Adam Curtis) 2 days ago – i couldn’t believe the BBC actually allowed this to be aired.

    @Max: Adam Curtis for the new Russia Today show?

  64. sharon says:

    @Youri………………..What you call hysterical is normal human emotion which more people should have if they where sane.

    Love it!

    This is what I’m saying! People have been brainwashed into hiding their emotions – not good. Actually Youri I quite like being sane, don’t you?

  65. Mike says:

    The only why the put buyer is going to win is if some real selling comes into play a massive move in the FOREX would do that.

  66. Youri Carma says:


    Tnx for the tritle was just searching for more of this docu, just what I needed.

    @sharon TnX! I just can’t stand people nitpicking on some very unimportant tiny issues if you even can call it that. It’s a mental diseaese or jalousy, I don’t know. Maybe he’s an hired cointelpro slave digging his own grave? Nough said about Krentekakker.

  67. naomi says:

    Daniel S: the government has to find the gold first. Second of all the people from whom you buy gold coins have to disclose large numbers of gold purchased over 10k to the government. If you buy under that amount, ……well their reporting requirements are different.

    T: Yes, MSM is trying to kill single payer health care and take Obama with it. I suspect that the GOP ticket will be Newt Gingrich and Palin in 2012. Watch how Gingrich defends Palin in the future. He defended her “death panel” just the other day.

    It’s a match made in hell, she give Newt sex appeal and he gives her brains…….you heard it here!

  68. Mike says:

    How the Gulag Casino Economy works
    I had to look up the word Gulag

    Thinking about a global economy based on odds and probabilities and what kind of social benefit this is to society. I think its concrete and should be encouraged. Building would have never been built with out odds and probabilities. One difference between the financial markets and a craps table is the odds in craps are fixed you lose. If more transparency is given to financial casino it will encourage investment. That is the key that is what will encourage money flowing into countries like south Africa the odds and probability of making a profit .

  69. Mike/Liverpool says:

    Chevy Volt:-

    It was a lie from day one!
    Simply away to get a bale out.

  70. Phil says:

    @Youri Carma … ” BBC now admits al qaeda never existed ”

    So BBC showed this ?
    If so, was it just after the Govt. capped their pay ?

  71. Phil says:

    @Late night off topic entertainment or fact .

    Where’s there’s smoke, there’s usually fire !
    Or the guy has to be best joker I’ve seen for a while.
    Certainly better than Adamski ( from the 60s/70s )

    Skip part 1 , it’s just an intro.
    In part 3…
    … he mentions what is happening in the US financial system , and then moves to NASA.
    Amazing pictures from NASA .. showing UFOs close up (Apollo 14). Landsberg Crater o the moon, construction going on.

    In part 4 … pictures from the Japanese equiv. of NASA and Apollo 14.
    The cylinder shaped object is 5 miles long.( The one I posted before near Saturn is supposed to be thousands of miles long ).
    Goes on to talk about Saturn and Voyager’s ( stunning ) pictures .

    In part 5 .. shows artificial object 2000 miles long “navigating” the Saturn rings.

    I leave you to watch the rest !

  72. Youri Carma says:


    Just finishing this “Power Of Nightmares” docu which clearefice a lot about the history of Neo-Cons and Extreme- Islamits. They need each other. Fear is the model for both movements. Al Qaeda is merely a fantasy figure created by the CIA to embody all Islamitic extrimist evil to avoid a more complex reality. As usual a simple lie works much better than a more complex reality, like Hitler said.

  73. Phil says:

    @Youri .. “Al Qaeda is merely a fantasy figure created by the CIA to embody all Islamitic extrimist evil to avoid a more complex reality.”

    Yes .. I have always been aware of that.
    The actual name “Al Qaeda” was the name of a CIA database, so they just chose it to label “islamic terrorists” … as the BBC video showed.

    BTW .. the Saturn (UFO) Videos are definitely worth a watch. ca. 1 hour, amazing pictures.

  74. Danny says:

    @ Youri

    An empire always needs a boogy man. People who drive SUVs are the new terrorists.

    I couldn’t stop laughing when Rumsfeld come on tv talking about Bin Ladens fortress in the mountains! hahahaha! it even showed his ‘base’ had a hydroelectric power station! hahahaha!!

  75. Youri Carma says:

    @Phil – Danny

    Very true guys. The allies are now messing up Pakistan and in fact create more militants. I got the feelin it’s all coming to an end this dilusional reality but this makes the neo-cons even more dangerous they need their enemies.

    Just read they are making a remake of Red Dawn (with a role for the son of Tom Cruise) so maybe they try to ressurect the good ol evil Russian empire. They are desperate for enemies now everybody is waking up to the bs of the old enemies.

  76. Jay Randall says:

    The Running Man, starring Arnold Schwarzenegger…
    Complete with bankrupt state governments and game shows where prisoners can win their freedom!
    Oh, the irony…

  77. Tofu Charlie says:

    Wow.. some actual disagreement in the forum! Hurrah!

    Personally, I don’t see this piece as especially inconsistent with the traditions of “gonzo journalism”… i.e. a fair amount of exaggeration and humour to SUPPORT the core argument.

    Keiser seems to be able to change up the tone and “gonzo-ness” of his message. Especially good, I think, is the way his TV rants, on France24 etc, are really amazing concise, and are ready for re-broadcast/”to go viral” as complete soundbytes… e.g. he often finishes a “rant” by re-stating the key-words and core concepts etc. So, seems like he is totally in control, and trying to find the right balance of outrage, absurdity and analysis in the various mediums / for different audiences.

  78. Youri Carma says:

    FED is creating it’s own economy outside the real economy to get more taxpayers money pumping around in their fake system. Nobody is hiring except the FED!?

    (The Financial Times) New York Fed in hiring spree: The Federal Reserve Bank of New York is aggressively hiring traders as its seeks t..

  79. Youri Carma says:

    Ben Stein Hints: I Was Fired From New York Times For Criticizing Obama

  80. Mike says:

    SEC ruling on short selling could have a hand in this run up who knows what they are doing behind the scene. Pretty amazing jump if I do say. I’d like to catch this move when it drops. I’m holding off till I see a couple super long 15 min red bars.

  81. Mike/Liverpool says:

    Ben is the biggest wanker in the planet, i recall Peter Schiff kicking his ass on cable ref the housing collaspe.

    Ben in the end had to admit Peter was right, he was wrong.

    He is a loser.

  82. Mini US says:

    As David Bowie once sang…..

    “I’d rather stay here, with all the madmen than perish with sad men roaming free”

    You know you are sane when you can admit you are mad.

  83. Mike says:

    I was long a week ago but didn’t think this move would continue. Don’t have enough transparency to really know what going on if the options market wasn’t such a big secret you absolutely have to know everything on the open interest on every single contract at ever strike price bought or sold including price and date.

  84. Joe says:

    Max, I can tell you posted this and not Stacy; the spelling is atrocious!

    e.g. “hundreds of thousans they alrady owe on mortgages”

    Get with it, man! Use your spell checker!

    Joe the Grammar Nazi/Casino Gulag Addict

    p.s. Great post. Thanks. lol

  85. Mini US says:

    @Your Carma

    “…so maybe they try to ressurect the good ol evil Russian empire. They are desperate for enemies now everybody is waking up to the bs of the old enemies.”

    I don’t think the US need more enemies.
    Hilary Clinton is travelling the world in her ‘Orange Suit’ throwing her weight around. They beg some countries and threaten others.
    The Russians will just sit back and watch them implode.

  86. Mini US says:

    Speaking for myself here….
    Spelling mistakes are the passion of the written word.
    When you type with passion you don’t use spell check!

  87. Ray says:

    Awhile back I commented about Max throwing out a few senerios. Thanks, I feel dirty after that one. Have agreat one

  88. Mini US says:

    This is weird, but

    fi yuo cna
    raed tihs, yuo hvae a sgtrane mnid too

    Cna yuo raed tihs? Olny 55 plepoe
    out of 100 can.

    i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht
    I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch
    at Cmabrigde Uinervtisy, it dseno’t mtaetr in waht oerdr the ltteres in a wrod
    are, the olny iproamtnt tihng is taht the frsit and lsat ltteer be in the rghit
    pclae. The rset can be a taotl mses and you can sitll raed it whotuit a pboerlm.
    Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the
    wrod as a wlohe. Azanmig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt!

  89. Mini US says:


    Today its a purple suit – Wooo hoooo!!!

  90. 😀
    Ass-burger syndrome…

    But seriously,
    I’m glad Max explained the Gulag-Casino concept in greater detail…
    It doesn’t matter if it’s wrong or right,
    just that it is comprehendible…
    Now there is a base concept from which more hypotheses can develop, no?
    You know,
    you can’t make a plan of action,
    if you don’t know what action you may need to take…
    If you’re looking for prophets, try the Bible, or the Koran…
    Or Edgar Cayce…

    Plus, those two links he dropped are VERY INTRIGUING
    Gold is perhaps playing in a trend channel right now?
    (although it broke through the $950 Stop-Loss the video authour had set)

    And the detailed comparison of Argentina’s Hyper-inflation to what might be approaching for the USA is unfortunately compelling…
    But how far will this “disease of the dollar” spread?
    Will it negatively affect North America? Western Hemisphere? Europe?
    (just in case you don’t want to go back and look for it again)

  91. Mini US says:

    Meanwhile in the rest of the world…..

  92. @MiniUS

    So the Greatest Killing Machine Ever Created wants to EXPAND its operations in Colombia, which it has been doing already for quite some time, if I’m not mistaken…

    And only NOW is it getting noticed?

    or is this a motion by Chavez to remind the younger generation that the “Military Machine is BAD for South America”?

    (straps on the tin-hat, fuck the foil, I’m going hardcore!!! Lead Coated, even… with screens from microwave oven doors, pasted to the surface…)

    Of course, if the USA wants to secure its Cocaine supply, it needs to keep its farms and ports of delivery under check, right????

    Where else can you get your steady blow supply from?
    Mexico? Stomped on…
    Bolivia? hmmm… maybe, but Moralez is too aligned with Chavez…
    Aren’t Trujillo leaves still used to make COCA COLA??? (you see, they have a high alkaloid content, but it needs to be altered in a process that is more advanced than what the traditional jungle coca-paste makers use…)

    ahhh but who am I kidding…
    America doesn’t use COCAINE anymore, right?

  93. Rake says:

    that last part is important:

    it speaks to the “optimists” who choose to ignore reality – that the financial situation isn’t what it, in fact, is. saying that America is the best, most prosperous, wealthy country in the world doesn’t make it so. and simply repeating that it is neglects the vigilance required for any kind of liberty and prosperity to continue.

Watch the latest Keiser Reports:

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