Max Keiser on HuffPost: France’s Existential Debt Crisis

As long as interest rates stay near zero the debt expansion cycle — masked as asset sales — will continue to grow and the interest costs associated with these debts will continue to make up a greater percentage of GDP. Naturally, the government’s plan to pay the additional interest cost is to borrow more money.

49 comments on “Max Keiser on HuffPost: France’s Existential Debt Crisis
  1. When did “We the People” become so brain dead that we elected complete fucking idiot criminals to office?

  2. minutemen says:

    hi guys, sorry for the slightly off topic post, but in the scheme of things it’s on topic becase it represents the real hidden enemy of humanity, the british empire (aka banking cartel), (not the poor people of the UK)

    I came across some information about “War Plan Red”, a war plan where the United States would make war with Great Britain sometime in the 1930′s. It was developed by the United States Army during the mid 1920s, approved in May 1930 by the Secretary of War and the Secretary of Navy, updated in 1934-35, and officially withdrawn in 1939, following the outbreak of the Second World War.
    (I know its wikipedia but its a ood starting point if you want to do further research)
    http://en.wikipedia.org/wiki/War_Plan_Red

    and heres a short video about it, along with interesting video footage of F.D Roosevelt
    http://www.larouchepac.com/node/14915

  3. minutemen says:

    Britain was closely allied with Japan since the early 1900′s, which shows they were most likely involved in pearl harbor. they also funded hitler’s campaign and rise to power (perhaps to divert War Plan Red?). It appears WW2 was a british failed attempt at world domination (or maybe not for now they controll much of world finances), and their mission to destroy their two greatest foes, Russia, and the United States. Their plot extended after WW2 with the cold war, in hope that the US and Russia would nuke eachother. We are now witnessing another phase of their quest for world domination, the banking cartel.

  4. WL says:

    QE Folie à deux

    Gold beaches

  5. Marc Authier says:

    Très drôle ! :) The Obama formula in sum.

  6. Mother Earth says:

    Yep, the industrialist are in charge, so whatever keeps the oil flowing today is fine..

    To imagine that the leader of Saudi Arabia had it right two times :1. He wanted to cap the oil wells because the profits would lead to trouble. 2. He objected to the state of Israel, saying that naturally the jew had a right to part of Germany, but why Palestina? Both times he trusted the British, possibly because the gratuitous heroism of the Laurence of Arabia (who did fight himself by the way)

  7. Marc Authier says:

    Trying to grow themselves out of debt by borrowing more. Old yankee doodle trick.

    I think the formula was originally borrowed to United Slaves of America. French have no imagination when it comes to economics. Monkey Sarkozy see Monkey Obama do. Monkey Sarkozy do like monkey Obama. France is runned by assholes. Right wing New-York Atlantists Nato UMP assholes we must add. It’s in reality a carbon copy policy by french speaking Obamanoids.

  8. F. Beard says:

    Of course France could assert its sovereignty and issue some new debt free Francs to pay it’s bills but that would break the power of those who live off interest collected by government tax agents, wouldn’t it?

    The idea of any individual loaning to a government is immoral since the means of repayment comes not from the government but from the population.

  9. Mother Earth says:

    Omg AJ+WT deconstructing Wikileaks.. SHILLS

  10. Marc Authier says:

    ­@Mother Earth
    Don’t trust smack users. Lawrence of Arabia was a heavy user of Afghanistan smack. In the Lawrence and his jolly bunch of british fuckers, screwed the Arabs. They ‘liberated’ the Arabs from the Turks just to take their place. The Jews did the same thing with the Romans. They asked the help ot the Roman Empire to settle their problem to find themselves occupied colonized and finally ethnicall cleansed by the Romans. Some of these Arabs don’t know their history. Don’t screw with the Devil and the Evil Empire.

  11. minutemen says:

    the propaganda for the bush tax cuts to remain starts from CNBC:

    “The nascent US economic recovery would be halted in 2011 if Congress fails to extend the Bush tax cuts for the wealthiest Americans”

    http://www.cnbc.com/id/38467149/

    “Allowing the Bush tax cuts to expire would be a mistake with the economy trying to grow”

    http://www.cnbc.com/id/38483472

  12. WL says:

    You don’t tug on Superman’s cape
    You don’t spit into the wind
    You don’t pull the mask of the old Lone Ranger
    And you don’t mess around with Jim
    (Ba-doo-da-doo-doo doo-doo-doo-doo doot)

  13. FiatMentalist says:

    “Meanwhile, the Bank of England will keep interest rates near zero so that any increase in the debts won’t incur any noticeable increase in debt service costs. Until such time as it does.”

    The near zero interest rate mimics debt free money that should be used in this circumstance, but as you point out its not debt free money. Their persistant use of debt can only mean their insistant on strangling the system. So Max why?

  14. Mother Earth says:

    So what happened now? Gold seller remorse?

  15. Chundernuts says:

    @minutemen you’ve been on your own for a while now, it’s time you stopped blaming the British and looked elsewhere, maybe somewhere closer to home?

  16. Mother Earth says:

    @Fiat

    ‘The near zero interest rate mimics debt free money ‘

    Well, strictly speaking the money is still debt, only it has no cost.

    I would find a good excuse to f*ck up the financial markets and the world economy soon. Bernake is the right guy for the job…

  17. Mother Earth says:

    Yeah, delcare Oakland a police free zone, declare fiscal emergency in California, rake up the drug violence by keeping it illegal in Mexico and yes, your gang violence will flare, they will be comming from the burbs..

  18. stacyherbert says:

    @Mother – the pre-roll is over as of end of day in NY yesterday, so there is no dumb money to shear today

  19. Illinois Brandon says:

    When did the French become Anglo-Saxons? I’ve always believed they have been bitter at us since we defeated them at Waterloo in 1815. Now they are becoming just like us.

  20. Mother Earth says:

    @stacyherbert

    Ah, yes.. that would mean the ‘fake’ content of the Comex has increase again..

  21. MirrorMirror says:

    THE RULING ELITE CALLED

    http://theburningplatform.com/blog/2010/07/29/the-ruling-elite-called/

    MUST READ … LOL !

  22. Gordo says:

    I have complete confidence that France will see through the neo-liberal-IMF-WTO anti-solution at some point.

    Looks like the only hope left is Latin America maybe some one can learn from them??????

  23. WL says:

    Yes, Chavez has a great financial blog

  24. Happy Dick says:

    “Only an Expert” … by Laurie Anderson
    a sing song that makes one envisage how the so called experts control our world.

    http://www.youtube.com/watch?v=Utj4_TOBK8A&feature=related

  25. Jim says:

    This getting in more debt seems kind of normal now. What’s the big deal?

  26. Bonn says:

    Iether which way I am screwed :-(

  27. Bonn says:

    Good night Y’all

  28. Marc Authier says:

    @Mother Earth
    Specify. Zero interest rates for the godamn banksters. Not the case for the average borrower. Please specify. That’s why things are imploding. The wondeful advantages of free money do not go to ordinary lenders.

  29. Mother Earth says:

    @Marc Authier

    One way to look at it is: It should be imploding, thank god! If the people don’t agree with it they should rise up. It is a scientific truth Washington is 100% corrupt (thanks to the supreme court ruling and the fact money is flowing to candidates). If you can’t add up the facts you may be a gun toting Texan, it all don’ do you no good. Justice is gone, if you want it, get it.

  30. Marc Authier says:

    This must be the place. Fool’s gold. Big Science.
    Junk Sciences = Finance and Economics.

    http://www.youtube.com/watch?v=v0Y7830_WWk

  31. Dan says:

    Doing any large acquisitions of assets to pay debt is essentially a debt rollover.

    The effect is temporary relief with a higher a future payment, the debt may have changed hands yet when you start seeing things holistic it makes no difference in the scheme of things.

  32. Mother Earth says:

    @Marc Authier

    That’s a Pavlov response.

  33. Paddy says:

    http://www.guardian.co.uk/world/2010/jul/30/kabul-riots-us-embassy-crash

    The Afghan capital is on high alert after rioting sparked by the death of four civilians when a US embassy vehicle crashed into their car. There are fears of a repeat of the city-wide riots that struck Kabul in 2006.

    Police fired shots into the air in a bid to disperse an angry mob that torched two embassy vehicles and threw stones at police and Nato soldiers who rushed to the scene near the centre of Kabul’s diplomatic quarter.

    Sayed Abdul Ghafar Sayedzada, the head of Kabul’s crime investigation department, said six Afghan civilians were involved in the accident and four died. The US embassy said the vehicle had been carrying four US contractors who “co-operated immediately with local Afghan security forces after the incident”.

    “Our sympathies go out to the families of those Afghans injured or killed in this tragic accident,” the embassy statement said.

    ——————

    This piece stinks of yet another cover up, even if death toll is low. City on high alert? Tragic accident? Did these people die in the actual accident or were they blasted before/after by these trigger happy mercenary scum? Same sort of stock response of NATO and allies when theyve carried out yet another crime on civilians.

  34. Marc Authier says:

    It’s an evidence that to solve your drug addiction, you have to consume more of the drug in question. It always finish the same way: DEATH. O

    Or is it DEBT ? Have you noticed how the two words pronounced in english, are quite similar. It ain’t a coincidence. Keynes died young at the age of 40.

  35. Happy Dick says:

    The fire in the hearts of men. Anton Wiener sounds off on the “house floor”.

    http://www.americanparchment.com/video/2010/jul/weiner_explodes.html
    Cheerio old boy

  36. Marc Authier says:

    @Mtohter Earth
    Wouf ! Wouf ! Pavlovian response is all about politics and economics. Indeed.
    Why do you think they ring a bell when they close or open the NYSE. You now understand all the circus my friend. Dogs are superior to men. No nukes.

  37. minutemen says:

    @Chundernuts

    I’m not blaming the british, im blaming the british empire and their agents (big difference)

  38. microhousehold says:

    http://en.wikipedia.org/wiki/LaRouche_movement

    This world seems to be full of scary organisations.

    Viva Mikhail Gorbachev.

  39. Happy Dick says:

    Oh, golly gee, here comes the IMF to the rescue. (they vant your blood, Dracula cometh)

    http://www.bloomberg.com/news/2010-07-30/imf-says-u-s-banking-system-might-need-as-much-as-76-billion-in-capital.html

  40. Marc Authier says:

    @Mother Earth
    Bell ringing at the church is also very pavlovian. The BELL is a pavlovian tool. So is the siren or the modern buzzer on your telephone and your computer. Pavlov did not know that his real discovery was the bell ringing. Ring a bell ?
    Conditioned like dogs. So Mother Earth ? Ready for Iran ? Uncle Sam and Uncle Israel want you !

  41. Steven Moyers says:

    nobody has commented @ the Huffington so far but they’re are lots of smiley face photos of choice gossip. The city outside is burning, and people are quite crazed with madness, logic is turned on it’s head, pass me the gmo corn flakes and some of that kool aid would ya please

  42. Marc Authier says:

    Iran’s bombing starts next black moon. In August.

  43. minutemen says:

    study more history beyond your childhood school books…..dont believe everything your government puts in your textbooks, for history is written by the winners.

  44. Chris Gould says:

    Rejuvenation of the nuclear umbrella, an exotic device sold to taxpayers as a device designed to avert doomsday by building an anxiety manufacturer-er whose only defense is another umbrella , has always been a cash cow for the invent an enemy industry.
    Want a job with longevity? Learn to build something of no constructive use then poke sticks at stooges with sanctions and the capital procurement program will always receive a green light…

    http://www.telegraph.co.uk/finance/newsbysector/industry/defence/7919224/Liam-Fox-fuels-Trident-row-with-warning-over-Iran.html

  45. IceIce Baby says:

    Focus peeple…focus! Why is France sellling off it’s buildings?

  46. IceIce Baby says:

    C’mon Max, hurry up. When’s the next show? I need my fix.

  47. Marc Authier says:

    @Icelce baby

    Because France will also experience a real estate bust ? The answer is clear.

    The government is getting ahead of the pack by dumping its bricks and mortar first to stupid buyers. Haven’t the Greeks starting doing that too recently ? The market will soon be saturated. :) The timing is not that good. Mind you, The more they wait, the worst the situation will be.

  48. IceIce baby says:

    I think this is what happens when a country can not print. They sell off all their assess and declare bankruptcy.

  49. IceICe baby says:

    ..that’s as-SETS not ass-SES (although that may be the case as well!)

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