[KR199] Keiser Report – Live and Let Fail

This episode we talk about the European penny drops as more banks need more bailouts while the public debt clock ticks up to $40 trillion. We also note that at least Bill Clinton’s mistress never agitated for foreign wars, while the mistress of neo-con favourite, UK Sec of Defense, Liam Fox is galavanting around the world with the Minister and stoking conflict. In the second half of the show, Max Keiser interviews Michael Betancourt about the threat that Occupy Wall Street presents to our modern form of capitalism which relies on ignorance and passivity in the population in order to operate schemes of fraud and bubbles.

187 comments on “[KR199] Keiser Report – Live and Let Fail
  1. Youri Carma says:

    @karate kid

    Trucks full of stolen Nazi gold were driven into the Vatican.

  2. Youri Carma says:

    Loads of NAZI gold has been driven into the Vatican which is a seperate city state for those who didn’t know this yet. http://unitednationsoffilm.com/?p=2736

    April 8, 2002, Vatican Gold Could Be Used to Pay Sex Abuse Victims http://www.vaticanbankclaims.com/

    Are the central banks running a fractional gold system? http://financeandeconomics.org/Articles%20archive/2010.12.16%20BIS.htm

    This thought is prompted by a forensic study of the Bank for International Settlements’ records and accounting procedures with respect to its dealings in gold, which was presented by Robert Lambourne to the Gold Symposium in Sydney on 9th November. The link to his report is here: http://www.gata.org/files/Lambourne-BISGold-11-09-2010.doc

  3. snoop diddy says:

    Keen Behavioural Finance 2011 Lecture 09 Extending Endogenous Money Model Part 1
    http://www.youtube.com/watch?v=SlN1Ygr96Q4

  4. Holly says:

    @Capt. Ray

    Haha, nice find. :) Berince? Bernince? Poor Prince.

    I remember that now. I think Prince even wore a piece of grey tape over his mouth with ‘slave’ written on it at one point? He sure got ridiculed as a looney because of that display, along with the ‘artist formerly know as’ business. Hm. Good on him, he’s always been cool.

    Nevertheless, I don’t know of any songs by Prince (nor any other artist) in which the names of the evil ones are actually stated. If you find any, feel free to let me know. :)

  5. Youri Carma says:

    Yap Says European Investment Banking Fees May Rise 15% http://www.youtube.com/watch?v=ArSqcP6O_Ds

    Pennsylvanian capital on the brink of bankruptcy http://www.youtube.com/watch?v=sqid8cGOSKQ

  6. karate kid says:

    youri
    you mean uncle adolf didnt leave it in my basement in the bunker
    wait until i tell dad
    odessa was bigger than the church
    that was only a side show for the cameras
    switzerland moved the gold and hid it and funds it 4th reich today!
    lets all sing along!
    http://www.youtube.com/watch?v=CqlE9eNWYj4

  7. Youri Carma says:

    @karate kid

    I like to sing but not in groups lOlz Enjoy these NNN much http://www.youtube.com/watch?v=AXUf7EZJtfI ahahahaahahahaahah!

  8. Youri Carma says:

    Proof of Faked Gaddafi Death Photo Snuff Photo-More Libya TNC Lies Exposed On Gaddafi Snuff http://www.youtube.com/watch?v=8qQew7IRfr4

  9. Youri Carma says:

    Gaddafi killed by US drone? http://www.youtube.com/watch?v=6K4sKK30_7g

  10. Youri Carma says:

    The Plan — according to U.S. General Wesley Clark (Ret.) http://www.youtube.com/watch?v=SXS3vW47mOE

  11. Ricin3000 says:

    Nice KR!

    What Michael Betancourt is talking about is pretty much the good ol’ Heglian or as the saying use to go “dialectic” (un-)logic of thesis + antithesis = synthesis.

    It very easliy translates into “We need to do something — here’s something, oooh let’s do that”. This kind of metaphysical thinking is not just (logically) often very wrong, it’s also almost always very dangerous. Logic dies, illogics reign.

    This time is no exception.

  12. Silvermind says:

    SLA…Not sure if this has been reported yet but please check out this video.

    BREAKING NEWS-SILVER SHORTAGE-Outage @ PERTH MINT Reported At SilverGoldSilver!!!

    Proof of Austrailla’s Perth Mint out of silver!!

  13. Youri Carma says:

    Gaddafi – More Hype? http://www.youtube.com/watch?v=s3QLw4EMD6U

    Is Dr Shakir Going Over The Head of NATO? http://www.youtube.com/watch?v=xuBbHE0laTs

  14. Youri Carma says:

    @Silvermind

    I posted this question before. Isn’t this strange?

    22 May 2008 Perth Mint out of Silver? http://www.forexpeacearmy.com/forex-forum/market-predictions-reports/2318-perth-mint-out-silver.html

    27 Feb 2009 Perth Mint has no Silver http://www.youtube.com/watch?v=S4tzVUFuwZk

    15 dec 2010 Perth Mint Announces Sell Out Of 1oz Silver http://www.slideshare.net/PerthMint/20100928-perth-mint-announces-sell-out-of-1oz-silver-bullion-tiger-coin

  15. indeed says:

    @Al Kyder. I have to agree with you. Management has been very bad for a very long time and now we’re just seeing it? I guess it’s just the advertisements we watch.

  16. Jayme says:

    A little more complex than many of the other interviews on the Keiser Report but this was a good interview. Nice area of study. This argument appears rich for further developed.

    Black box access to information slices and dices information so you only get what you buy, steal, or learn through your own experience.

    This interview is a decent argument against intellectual property. When you don’t know how ‘information’ is obtained due to the black box of proprietary protections, there is no way to verify it’s legitimacy against fraud. HFT being the most direct example. No one can make a rational decision with fraud based valuation of traded property. Such a system is empty of substance and has no integrity even when a person ‘just doing their job’ is loyal to the system. Such loyalty makes the fraud all that much more efficient at theft.

    Not everyone needs to know everything but black box banking is a good example of the fraud into which any agnotological system will eventually degenerate. This is the primary advantage of capitalist free market systems; they provide feedback; a reasonable reality check that the consensus can stake a claim in and trust, provided that a small greedy cluster of people don’t start gaming the reality as the New Scientist article linked to by alanborky above. The weakness of capitalism is that greed mixed with any small advantage in the market will eventually lead to a very few with everything and impoverishment for the rest. This is where models of socialism have an advantage. Government of, by and for the people could go a long way at busting these power nodes up if the SEC were to do it’s job!

    I’d like to know what people are supposed to do when all material wealth, machines of production, and intellectual thoughts with value are owned by and feed only the 1% – die? This consensus of the minority does not reflect a trustworthy system for most people and the 1% do seem like they’re heading for a reality check soon. All new societies grow out of the ashes of the old. Out of chaos will come order but it doesn’t have to be any order they the corrupt capital owners dream up. We need honest bankers, but the corrupt bankers need the light of justice. Trust and consensus will be greatly restored when this happens – imo.

  17. SilverCondom says:

    This high frequency trading paradigm reminds me of Skynet (Terminator movie)

  18. Youri Carma says:

    @Jayme

    That’s why I think a combi of socialism and capitalism works the best. This is no theory cause you only have to look at countries like Sweden, Danmark, Germany, The Netherlands etc. to realize that. Americans live in their own brainwashed bubble and you don’t even have to bring up the world socialism and they all turn red while not knowing anything about what they are talking about while they slide into fascism.

  19. Youri Carma says:

    Correction: “you don’t even have to bring up the word socialism”

  20. Silvermind says:

    @Youri Carma

    I guess they are still out of silver…4 years and counting.

    TY for the update.

  21. Ricin3000 says:

    Since you are more interested in posing you own view rather than responding to new post I took the liberty to quote and answer you.

    “Jayme | October 21, 2011 at 5:35 am |
    A little more complex than many of the other interviews on the Keiser Report but this was a good interview. Nice area of study. This argument appears rich for further developed.”

    No. It’s rich for underdeveloped. It’s poor for the developed because they could and should have known all along.

    “Black box access to information slices and dices information so you only get what you buy, steal, or learn through your own experience.”

    Uhm. Yes. I’m aware of that.

    “This interview is a decent argument against intellectual property. When you don’t know how ‘information’ is obtained due to the black box of proprietary protections, there is no way to verify it’s legitimacy against fraud. HFT being the most direct example. No one can make a rational decision with fraud based valuation of traded property. Such a system is empty of substance and has no integrity even when a person ‘just doing their job’ is loyal to the system. Such loyalty makes the fraud all that much more efficient at theft.”

    So if HFT would be made open source software it would be an ok? Of course
    it wouldn’t because no one would have the level of entrance needed to make a difference.

    “Not everyone needs to know everything but black box banking is a good example of the fraud into which any agnotological system will eventually degenerate. This is the primary advantage of capitalist free market systems; they provide feedback; a reasonable reality check that the consensus can stake a claim in and trust, provided that a small greedy cluster of people don’t start gaming the reality as the New Scientist article linked to by alanborky above. The weakness of capitalism is that greed mixed with any small advantage in the market will eventually lead to a very few with everything and impoverishment for the rest. This is where models of socialism have an advantage. Government of, by and for the people could go a long way at busting these power nodes up if the SEC were to do it’s job!”

    OK, good points but still, where’s the authority? Where do you derive it from
    other than robbing and/or terrorising people. You’re proposing classic Hegel.

    “I’d like to know what people are supposed to do when all material wealth, machines of production, and intellectual thoughts with value are owned by and feed only the 1% – die? This consensus of the minority does not reflect a”

    Ahhhh……. so there we are! We can’t do without them. After all, the do God’s work. Let them fucking fail!!!!! As should any business who takes on too much.

    ” trustworthy system for most people and the 1% do seem like they’re heading for a reality check soon. All new societies grow out of the ashes of the old. Out of chaos will come order but it doesn’t have to be any order they the corrupt ”

    I bet u luv those SDRs. I don’t.

    “capital owners dream up. We need honest bankers, but the corrupt bankers need the light of justice. Trust and consensus will be greatly restored when this happens – imo.”

    No. We need to remove bankster from government and we need to remove banking from the government. Government should issue money (as if they
    were stocks not bonds) and not lend. The banksters can lend all they want
    but not for free anymore.

  22. Youri Carma says:

    Clearer shot of what allegedly is Kaddafi when he was still alive https://www.facebook.com/photo.php?v=10150362178348094

  23. Capt. Ray says:

    So, Quadaffey is dead (or however you spell his name in roman caracters),

    Q: Is labia now like Belgium? … like a county with no government. A place with borders from where “NWO’s” operate?

    From Belgium we know that there sits a guy, named Jean-Luc Deheane, who sits on a potentially scattering financial bomd (Dexia).

    About Deheane: [for those who do not know him]
    He made Belgium a federal state and imposed austerity.
    Then he did the Euro thing. (btw, the whole /nwo’s thing came from the capitol of “his” country).
    He left politics because he was afraid of “the night with long knives” [sic].

    Nuff said, imo.

    Anyway, just makes me wonder who sits on the other side of the Libyan oil pipeline nowadays…

    Good night
    :)

  24. Youri Carma says:

    @Capt. Ray

    Sept. 13, 2011 – Libya resumes some oil output ahead of schedule http://www.marketwatch.com/story/libya-resumes-some-oil-output-ahead-of-schedule-2011-09-13

    Libya to seek larger OPEC quota in Dec.: official http://www.marketwatch.com/story/libya-to-seek-larger-opec-quota-in-dec-official-2011-09-13

  25. Get rid of the fukers says:

    @Ricin3000

    I think you make some great points.

    If I invest in stocks, bonds, start-ups or any joint venture the underlying risk is that I may lose all of my original investment.
    The only insurance I have of not losing my entire investment is to hedge against it.
    If I risk it all by not hedging against my bet I may lose everything.
    In a capitalist system this is the chance I take.

    So my point is then, why do governments condone bankster actions by giving them a free ride? Looking at any bank balance sheet, only shows me the massive compensation they receive by losing money deposited in our accounts at a ratio of 9 to 1 in bad bets.

    Any other company or individual investing any money in any form which contains risk takes the chance of going bust. The banking system, the TBTF insurance companies and a select few with strong political ties, seem to be the only ones who can invest and not lose. The banks should have been allowed to fail in 2008 and if this was truly a “non-corrupt” free market capitalist system, the government would have allowed it to happen and have the FIDC do what they are supposed to do and insure our accounts .

    It is the regulators and politicians who make sure that the banks get bailed out and the banksters receive their ill gotten gains in the form of bonuses, by using taxpayer monies, then have the governments install austerity measures to get paid back on toxic assets and bad bets the banks made. I think that the focus of the people should be towards the ones who allowed the banks to rob the regular Joe and hold the people who perpetuate the fraud at the banks indicted.
    We need to weed all these fuckers out and start putting the big wigs behind bars
    How long will it take for the Masses to join the #OWS movement.? I guess only time will tell.

  26. Youri Carma says:

    I had my doubts but I am sure now. That was indeed Gaddafi in the footage.

    https://www.facebook.com/video/video.php?v=10150362178348094

    https://www.facebook.com/video/video.php?v=10150362228663094

    What first struck me was the typical shape of Gaddafi’s hands, rather big farm like hands. http://img.photobucket.com/albums/v393/youricarma/Miscellaneous/KasaffiLeftHand.jpg

    The ring is also there but of course more people wear rings but it seems to be the same one.

  27. MirrorMirror says:

    .
    .
    .
    Gaddafi’s Murder and International Law

    Banker Occupation !

    Firoze Manji: Nothing in international law allows regime change and assassination of a leader

    http://www.youtube.com/watch?v=v5u4GmPbM3o

    Gaddafi refused to have Debt
    …. he refused to join the Club of Global Banking
    …. from ca. 5 mins onwards.

    Oil + Water + Gold ….
    …. + Central Banking Debt to “absorb” the costs .

    Latest Economic Hitman Episode : Libya

  28. MirrorMirror says:

    @Youri … do you ever sleep ?
    ;-)

  29. Youri Carma says:

    RockefellerFoundation predicts 2012 pandemic, economic collapse, marauding gangs http://forum.prisonplanet.com/index.php?topic=178159.0

  30. Jayme says:

    I do think this discussion has a lot of areas it could have gone into and so I think it is a rich topic. I noticed Max didn’t mention AGW? ;-)

    “where’s the authority? Where do you derive it from other than robbing and/or terrorising people. You’re proposing classic Hegel.” – Ricin3000

    Hegelian dialectic is a powerful analytic tool but is almost worthless for synthesizing a holistic vision that is free of conflict because such arguments always leave residues of unintended consequences. Authority is a personal issue. Most have given up their own authority under the indoctrinated belief that someone else holds higher authority than they do (be they priest, peace officer, or judge). Not all people are selfish criminals bent on theft and threat of violence. A leader sets a moral leader in cases where personal authority is relinquished. Paraphrasing, ‘when the social contract is broken, the people must revolt.’ Revolt is simply a natural outcome of a leadership that no longer has authority they claim to possess.

    There is not much time to build strong arguments in these blog threads, so a lot is let slide. The transparency of HFT algorithms would pretty much allow moral judgements to be made as to the legitimacy of these algorithms. My understanding of how they work (though limited) is that they work in ways that have nothing to do with fair pricing and everything to do with pumping or dumping prices so money can be leached from the market with no real value added. It is basically theft.

    I don’t support the SDR because it would be based on the same fractional reserve, debt based system we have today, only on a global scale. I like a lot of the ideas F. Beard expounds on but don’t think they are practical given the way people behave.

    Youri Carma – I used to think in terms of democrat/republican, liberal/conservative. None of this make sense after thinking about it. I think a lot of the socialism/capitalism debate is too simple. There are parts of each that can be corrupted but it really depends on the people in a community as to whether corruption takes place. Even the idea of global versus local shouldn’t be taken too seriously. We are all dependent on each other in some manner or other. It’s really a matter of appropriately scaled responsible activity, whether in government, economic, or ecological systems.

    ‘nite.

  31. the underfundedmentalist says:

    soldiers, inmates and whores,
    you thought i was joking didnt you?

    Bad Brains – Big Take Over
    http://www.youtube.com/watch?v=gicGbBZkG3M

  32. the underfundedmentalist says:

    Bunker Hill – The Girl Can´t Dance
    http://www.youtube.com/watch?v=NlHO7OEzHQk

  33. TJ says:

    O/T

    Meanwhile in Athens…

    “platform is the capitalist double whammy of reviving natural agriculture and quadrupling tourism overnight to balance the budget by 2013. Legalising and taxing marijuana in Greece is the only way out of the mess”

    http://www.stirringtroubleinternationally.com/2011/10/21/athens-calling-ray-gamotopoulos-should-be-running-for-president/

  34. Al Kyder says:

    @ silver mind.

    Asd I said to Youri and others just a few days ago, you will see these headlines soon, November Xmas and Chinese New Year.

    Perth mint does limited runs of stuff. When it runs out they dont buy more, Not Ever. Not even a little bit. Thats it for the year.

    The report is accurate. They dont like doing those little bullion bars, They dont like doing bullion full stop.

    They mint beautiful coins in limited numbers which are works of art in themselves.

    When the Silver dragons get released soon, 300,000 in all, you will see another headline, Perth Mint out of Silver. I estimate those dragons will sell in a few days.

    YAWN.

  35. Al Kyder says:

    @ indeed

    Thanks the management issue needs some oxygen. Urgently. !!

  36. Mini US says:

    Ok, so you have people in Melbourne protesting against the 1%. A 1%er (the queen of england) comes to town and they are forcibly removed. So, what do you think would happen next? They will realise the error of their ways and go back to their homes? This is exactly what they were protesting about.

    http://m.smh.com.au/victoria/protesters-arrested-as-chaos-descends-on-cbd-20111021-1mb07.html

    This police action will just garner more support. Typical short term thinking by the pollies and their pets.

  37. Wolferl says:

    @ Anonymous Greek

    Nice example of Greek paranoia. If you don´t stop living in this dreamworld Greece will never have a future. People like you are the reason why Greece is fucked up today. Face it, you are the enemy of Greece.

  38. Joe says:

    Hello from sunny Brussels .I’ve just read in news that our car’s insurance is going to be more expensive cause insurance companies have lost a lot with their investments so customers will have to pay for that .Max what else has to come ??? Finally we will have to drive without insurance :(

  39. Al Kyder says:

    @ Joe Sauna and Jayme

    Ahhhh……. so there we are! We can’t do without them. After all, the do God’s work. Let them fucking fail!!!!! As should any business who takes on too much.
    ——
    Well this leads into the topic of brand power.

    In China for example, if someone in the village buys a DVD, then all peole in the village own that DVD. We once had commons in the west. They were destroyed by Capitalists.

    Today they are talking about Ring fencing the Banks, that sounds like enclosure. Gradually increase the size of the ring fence until it become the norm.

    But I digress :) The secret to copy right is simple. Brand power. If you have genuine brand power, you have no need for legislation. People will want your product, theu will pay to have your name on their product, and they will pay to be associated with your product.

    # occupy in style. …. How much brand power do you think that has? None would be to underestimate me thinks.
    ————-
    @@@Jamye says “There is not much time to build strong arguments in these blog threads, so a lot is let slide.

    This is true Sauna Joe, and just for the record, people here like to keep the language as simple as possible.

    The reasons are multi-fold. People here learning, less to type, less words means people are more likely to read it.

    And ….AND because Americans dont speak English. I dont mean that in an offensive way either. Talking to Americans can be like Alice in Wonderland, “It can mean anything I want it too”.

    I would expect someone who speaks Chinglish etc to be able to understand this. Not everyone here is a native English speaker. Please try to remember that.

    Cheers Guys,

  40. TJ says:

    @Wolferl

    “To Anonymous Greek -People like you are the reason why Greece is fucked up today. Face it, you are the enemy of Greece.”

    Dude, Greece didn’t have any debt whatsoever when the coup of 67 happened to incrementally ease them into the EC. Germany needed the Greeks for their scam, not the other way around.

    This guy reads like a patriot, he’s YOUR enemy, not Greece’s. Stick to Blitzkrieg, on the ground these guys will eat you Krauts alive.

  41. MirrorMirror says:

    @Joe … Finally we will have to drive without insurance ?

    No … form your own Insurance company !

    Get something out on the Internet inviting everybody to join.

    The Govt. will probably require you get a license , and if you have at least one qualified “Actuary” , I guess it shouldn’t be a problem.

    One other way might be to form a “Club” or “Association” so as to be non profit making.

    In Germany, they ( the Insurance Lobby ) have deliberately made the “parameters” for car-insurance so complex and bEUrocratic, that nobody can easily “calculate” what they might have to pay.
    The jokers actually offer you the data-”book” for EUR 12,- … with all the factors … thousands of pages .
    Of course , they do NOT offer it on a digital basis … that would give “the people” too much insight.

    I have researched this a little , and discovered that MANY Germans are more than annoyed.

    One example that sticks in my mind :

    A father wanted to buy a car for his 18 yr. old son … and just couldn’t figure out what the insurance costs would be without “applying” for every single car to an insurance company ( online ) that takes about 20 minutes to get through the forms.

    So he decided he’d buy the same car that he himself had, but an older version .. for EUR 1500.
    He thought the insurance would be on the same basis , and was wrong . The Insurance Co. wanted ca. EUR 2000 per year for his son.
    IIRC, in the end, he insured it in his own name to save a lot of money.

    FWIW

  42. Peter Jennings says:

    Ahhh…don’t they make a nice couple. Trouble is instead of goosing each other they want to goose the UK people as well. I’m surprised Fox quit as he and his squeeze fit in nicely with the current political scheme.

  43. Dump Nuts says:

    Michael Betancourt is great, his analysis is always fascinating.

  44. MirrorMirror says:

    .
    .
    .
    Suggest when you have time , to read the whole Gold PDF below.
    There is much more said than just about Gold.
    I’m sure you’ll find it very interesting.

    Gold – The Pulse of the World Economy

    http://www.inflateordie.com/files/Gold Silver 10-14-2011.pdf

    From :

    http://www.martinarmstrong.org/economic_projections.htm

    In case any one missed the recent Audio interview with Martin Armstrong, here’s the link again ( MUST LISTEN as usual ) :

    http://www.davejanda.com/audio/MartinArmstrong101611.mp3

  45. ralph says:

    Max, you are the superhero we have all been waiting for. Stacy, the brains, as well as the beauty, of the outfit, will be your Robin.

    How come you’ve never had anyone from OWS on? A couple weeks ago at their press desk I typed “contact max keiser” on one of their rep’s blackberry. Apparently, he never did.

    If I had money, I’d set up a video screen at Liberty Plaza and run the Max Keiser show nonstop as an educational tool. You’re rich, why don’t you do it? (Of course it would have to be muted and close captioned — loud speakers (aka the first amendment) need a permit in NYC. ‘Please sir, may we have permission to complain about the beatings?’)

  46. Jayme says:

    @Al Kyder – good points. :-)

  47. Mike says:

    Hi Max, I watched and listened to your segment on Fox & ‘’Friend’’ with interest , but can not understand why Foxie is not under investigation for breaches of the official act as he allegedly allowed Werritty access to ministerial papers and diary.
    Also as Werritty again allegedly was working on behalf of a foreign power, he should be under investigation for treason.
    Some months ago a young Russian lady was under investigation for espionage and she worked for a LibDem MP who had little or no access to confidential material.

    They say Fox has a brain the size of a planet but what is the point if there is no intelligent life on it.

  48. Evolutis says:

    @Jayme … good eye to that, that is, …. spider[s] trapped in a steep walled bathtub … we are of nature … we are not of, but we are trapped within, a monetary religion … freedom lies within our high function capabilities of solving problems with the raw information and energy nature provides …. cooperate/ decent within an artificial monetary construct stifles the transfer of information … All economic constructs are bullshit; it is beyond your individual and societal, limitations to deal with economic, bullshit.

    Natures’ bullshit actually comes from a bull and can be used for fertilizer. That is information “transfer.” = Information turned on, information turned off.

    How about temporary thesis[theses] ; they have a shelf life. No concept has eternal validity, nature’s demand for constant change makes it so. The function filled pathway towards specific action … within a specific access time, always working towards the transfer of information in the search for energy keys. The ultimate on / off transistor for out life [integrated circuits] form. Won’t happen unless we drop our useless beliefs. Time for a swap meet … beliefs["answers"] for good ideas, with an indefinite [use before] time stamp.
    LOL, i know, I’m crazy as hell … a dumb ass dreamer.

  49. Karsten Hansen says:

    What a story,everythink is relative,yes?
    Happyness?The guy with billions goes for a hollyday in orbit of the planet,60 million for the pleasure!And he is happy,with Bransons Virgin!
    The poor guy,with no food to put in the stomach,looks in the trash can,and finds the meal that will bring him through the day!And he is happy,with any Virgin at all.
    Fake that, Einstein!

  50. ROVSKI says:

    Now I understand what beardo, keeps banging on and on and on about.
    http://www.youtube.com/user/compelled2283#p/c/879A14495D29C64F/0/_doYllBk5No
    A very instructive set of you tubes about money and its history.

  51. ROVSKI says:

    @Max, How about covering this subject. Loans equals the creation of new money.
    OWS should focus on this and this alone.

  52. Paddy says:

    lol @ TJ

    from what I remember from my history the Greeks were definetly one of the tougher nuts to crack for the Wehrmacht. Many even credit that campaign with postponing the German invasion of Russia because Der Fuhrer had to come and rescue his Italian buddies instead, and thus in effect saving major Russian cities like Moscow & Leningrad from being captured.

  53. peejoBOODLY says:

    Bettencourt always has something interesting to say. I love it when you guys have him on the show.

  54. ricahrd@lattitude30N says:

    @General Rasta SLA: the $3.7 quadrillion you mention is the annual total of derivative transactions per year ( est.???)…Why hasn’t anyone queried the $75 trillion that BofA just transferred to the depository side of the ledger…let’s see: total US GDP per anum= $15 tr…..total US debt= $15 tr…so where does $75 tr come from Bof A??? that’s some gambling casino tally..and JPMorgue has a similar amount already on the depository side of their ledger as well,,,it’s coming out in the open…the casino players are scared that the ECB is going belly up along with the entire individual member nation sovereign debt…the CDS structure is collapsing unseen by us mere mortal folk…the power elite must be laughing out loud as they live in a digital world of finance whil;e the rest of us wrestle with antiquated terms still taught in MBA schools around the world,,,,algorhythmic trading or FRONT RUNNING the markets, interest on FED reserve deposits, interest on US treasuries….what me worry? must be their motto..let the people eat food stamps….

  55. F. Beard says:

    OWS should focus on this and this alone. ROVSKI

    But since that is essentially counterfeiting, then OWS should also demand a bailout of the entire population in addition to the abolition of the counterfeiting cartel.

  56. Evolutis says:

    Emulate the large corporate game

    They act outside the concept of country, they are global and without the hinderance of politics, of money … over time, we could all be … this is your world… has a rather refreshing heft to it. A massive shift.

  57. F. Beard says:

    Do not rejoice when your enemy falls,
    And do not let your heart be glad when he stumbles;
    Or the LORD will see it and be displeased,
    And turn His anger away from him.
    Proverbs 24:17-18 New American Standard Bible (NASB)

    Hillary appears to be ignorant of the Bible.

  58. renzoku says:

    nice post at:
    http://coto2.wordpress.com/2011/10/19/of-the-1-by-the-1-for-the-1/

    joe stiglitz still rocks.

    seemed appropriate here.
    apparently we are all too divided to not be conquered. even when the conquerer unites us briefly and gives us some clue (and some misleading clues) as to who the conquerer is to unite against.

    “The illusion of freedom [in America] will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”

    – Frank Zappa

  59. richard@lattitude30N says:

    what is scary is the potentail that the OWS will be coopted and they will make a fatal error and allow the media to fill the empty heads of the masses with so many lies that the essense of this street based revolution will be quieted..much like the silent copse of gadhaffi…headed to swim with the fishes…anarchistic solopsism is the description I used in my youth to separate me from the many handles that belittle honest independent thinking… all the others don’t fit…I never wanted to be a leader or a follower…just to be left alone…evolving in my intellect…unattached from a movement …hell, in DC in the 60′s the guy next to me picked up a brick and was ready to fire it at the oncoming SWAT hordes…that was gonna piss them off…and I left the scene of field…retreated to another location…these are mere humans sleeping, eating, organizing dissent in the streets nationwide… no telling when some marauder will swing away..causing untold anghish…hope it ain’t so…only time will tell..meantime Max and Stacy remain in the confines of their studio @ RT or PRESS TV…RISE UP!!!!!!!!!!!

  60. Keehotee says:

    Believing that Ran Paul is somehow independent qualifies you as a zombie too

  61. SilverCondom says:

    I am looking forward for the day when Hilary Clinton will suffer the same fate as Gaddafi.

  62. Alf says:

    @silvercondom
    Hilarys suffered a worse fate…she married Bill.

  63. Youri Carma says:

    The last moments of Muammar Gaddafi http://www.youtube.com/watch?v=-xR8A2cpz_E

  64. Youri Carma says:

    Jubilant Libyan fighters parade Gaddafi’s body http://www.youtube.com/watch?v=DsAyypPTd6s&feature=relmfu

  65. Enrico Rusticali says:

    These morons couldn’t bring down the REAL economy with their monetized debt used as money so that invented ultra leveraged garbage derivatives that have no possible purpose in the real world. The Chinese got it right….just walk away from these scam contracts. The people that keep on referring to these derivatives as serious financial instruments are just as culpable as the idiots who introduced them.

  66. Jayme says:

    @Evolutis – I think we’re all dreaming. In a hundred years it will be a similar dream with new dreamers … or maybe it’s just the same dreamer. ;-)

    Blondie – Dreaming
    http://www.youtube.com/watch?v=AI4N_Ri3Mlk

  67. Ricin3000 says:

    @Jayme: Love that song! Look up the Smashing Pumpkins’ cover.

  68. Jayme says:

    @Ricin3000

    You mean like

    The Civil Wars – “Disarm” (Smashing Pumpkins Cover)
    http://www.youtube.com/watch?v=FsK0mx_NoFw

    sweet.

  69. Kodo says:

    “There is no need for taxation if administrative changes are made in government. Global investment return when looked at “collectively” from local and federal government is now greater than all taxation collected”

    “It is now possible to restructure government to pay for its “general purpose” expenses from investment return”

    http://youtu.be/YJ6sCuz9bxA

  70. Bruce says:

    WarWhores. I love it.
    WarWhores need the Presstitutes and an uninformed public to get away with what they’re doing.

    Good showwwwwwww.

  71. Wolferl says:

    @ Paddy

    It took a small part of the German army less than two weeks to crush the complete Greek army. And that´s exactly why they are still really, really pissed today. After the occupation Greek partisans started a nasty little fight from the ambushes, slaughtering quite some Germans. As a result German soldiers killed quite some Greek partisans and their supporters too. And that´s why they still crying and thinking they are entitled to some kind of compensation. But you are right, the Germans never wanted to invade Greece in the first place and those troups in Greece were needed for the eastern front. Actually the Italians started the war in the Balkans.

  72. Paddy says:

    the MSM never ceases to disgust me. The gloating and smiles on their collective face after Gaddafi was lynched by a group of wild-eyed tribesmen. This is the future Libyans can now look forward to….competing tribal groupings squabbling amongst each other whilst the central puppet regime hands out lucrative reconstruction & oil-related contracts to foreign companies at the expense of the Libyan people.

  73. Astraea says:

    Stacy, PLEASE don’t let him wear a bow tie ever again!

  74. FranSix says:

    @Capitalist Network

    In the capitalist network that runs the world article, so-called scientists completely ignore the most salient fact that bond markets in the corporate sector have organized into risk cartels.

    That means that the most affluent are capable of appropriating and managing risk assigned to any financial structure, even though they have nothing to do with the underlying assets.

  75. snoop diddy says:

    Ween Plays Zep (All Of My Love)
    http://www.youtube.com/watch?v=54uG7VoLvWQ

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