Raise the rates & let ‘em collapse!

259 comments on “Raise the rates & let ‘em collapse!
  1. Vonda Bra says:

    @ ronron | February 28, 2012 at 2:13 am |
    hey, liked this one ….
    just a question dear, … can you hear the difference in “coming across” between this “wolf” and the other poor soul from a few posts earlier ? ….
    but don´t do that wall-thing again on me though please …. :-)

  2. Youri Carma says:

    FALLOUT FORECAST and SUN EVENT 02.27.2012 http://www.youtube.com/watch?v=NQyq5vzEqWY
    Radiation Fallout Forecast for Canada, the US and Europe, over the next 48 hours…Physicist quote in regards to Tokyo radiation levels…Particle bombardment from sun that occurred may also increase seismic activity and nuclear plant problems.

    Please visit Fukushimafacts.com for links to sky and weather tools, weather maps used for this forecast, radiation fallout monitors for Japan, US, and Europe, and educational videos.

  3. Vonda Bra says:

    @ ronron | February 28, 2012 at 2:34 am |
    —-night girl. i better fuck off. http://www.youtube.com/watch?v=t4_SpFgbwY4&feature=related—-

    fantastic tune !!!! thanks !!! :D
    yeah! BBKing!!!!

    somehow I came upon this one … :-)
    http://www.youtube.com/watch?v=hfVeWW3oVRM

    night dear! :-) …. I might be around for a some time though …. (?)

  4. Vonda Bra says:

    @ Youri Carma | February 28, 2012 at 2:45 am |
    THANKS! …checking ….

  5. I Precariat says:

    Sam fryman…….hey don’t go……I absolutely agreed with your comment. I must be the most unlikely person to follow m&s, but somehow stumbled upon them and realised they were saying so much of what I felt to be true, so have been tuning in avidly ever since.
    I get what you are saying about max’s crazy delivery, personally, I love it, it makes me laugh – but I wonder if it stops him reaching the massive audience he deserves…..particularly here in the UK with all it’s beige sensibilities……meanwhile, having a psychologist posting from time to time can only improve the conversation here so please don’t leave for good!

  6. Vonda Bra says:

    @ proxyoflove | February 28, 2012 at 2:37 am |
    —-@ beardo.. idubtiibly. iduptibly. Intupidly. In fuckin dubidlybt.
    Ah for fuck’s sake, yes.. In a good eay. wai. way.—-

    Wow! Bravo! .. that kind of post only works with a clear head! :D
    VonLove

  7. Vonda Bra says:

    @ neweveryday | February 28, 2012 at 2:36 am |
    —- … nurse is coming after me with a hypodermic.. must fly—-

    flee, flee!!! :D
    Good night! …hope to see you back soon! :-)
    VonLove

  8. Youri Carma says:

    Karl Denninger: None Of Them Committed Any Crimes (Again) http://www.youtube.com/watch?v=wm_h1TMNIFo
    Except…. for the Qui Tam lawsuit that was just settled, alleging fraud…. by Citi. Again. As was alleged in sworn testimony before the FCIC. Heh, I thought all this stopped in 2008?

    Where are the politicians calling for banksters in the dock and then in prison cells? Are the campaign contributions more important? Looks that way, doesn’t it?

  9. Youri Carma says:

    GXL-24 Pro – Ordering 5 Today For My Gold Buyers http://www.youtube.com/watch?v=pJ3qqI9iOhA
    Today I am buying GXL-24 Pro’s for each of my gold buyers. I screwed up and did not equipt them with this tool. Some say it is inaccurate. It’s not a perfect tool, but it has it’s place.

  10. neweveryday says:

    @ F Beard

    The poor have nothing, by definition, except those who depend upon their hope, imagination and daring, what collateral is at their disposal?

    Borrowing is a zero sum game for the poor. What are these protections you speak of?

    Here, I find myself in moral agreement with you. This condition of lending is usury. Broadly speaking it is Fuedalism.

    What does collateral mean in human terms? Indentured slavery.

    But please, let us start from basics, the first question.
    What is illogical or wrong with a lender charging interest upon the risk of lending?

    Life is a hazardous business.

  11. F. Beard says:

    What is illogical or wrong with a lender charging interest upon the risk of lending? neweveryday

    I just pointed out that adequate collateral makes collecting interest unnecessary to cover the risk of lending. You’ll have to raise another objection.

  12. Youri Carma says:

    Well @Y’all asled for it …

    Lets go Metrosexual whole the way Ladies!

    Williams Wows on Oscars Red Carpet* http://www.youtube.com/watch?v=yaxmHLzCwDs

    *Disclaimer: May or may not involve some great hair

  13. F. Beard says:

    Why the heck is my last comment “in moderation”?!

  14. neweveryday says:

    @SamFryman
    @ lurkers

    Stay around, or come back, having observed. Don’t give up. This is not an institution, and if it is, it needs disrupting. This is a forum. Take it from there.

  15. Youri Carma says:

    Well @Y’all asked for it …

    Lets go metrosexual whole the way ladies! – Oscars Red Carpet http://www.youtube.com/watch?v=yaxmHLzCwDs

    Disclaimer: May or may not involve some great hair

  16. Vonda Bra says:

    listen, here comes some truth!
    http://www.youtube.com/watch?v=x297ZgagCNo

    ;-)

  17. Youri Carma says:

    I skip these Streep flicks nowadays cause I can’t stand the crying parts. Don’t tell me she’s crying in this flick again? http://www.youtube.com/watch?v=urxRKthI48k

  18. karate kid says:

    http://conservatives4palin.com/2012/01/video-Canadian-talk-show-host-destroys-obama-over-keystone-decision.html

    William Kuehler
    Video showing a Canadian talk show host roasting Obama over the Keystone pipeline decision. It’s 12 minutes long but worth it.

    one more thing the last time they said gold was anti american it was at 950

    also last time we were at 13000 dow 4 dollar gas what happened?

    hold onto your balls weeeeeeeeeeeeeeeeeeeeeee

  19. neweveryday says:

    @F Beard

    No, you’ll have to answer my fundamental question.

    http://www.youtube.com/watch?v=k34boxNrqL8

  20. Youri Carma says:

    New evidence casts doubt in Lockerbie case http://www.youtube.com/watch?v=l_wX6KIAWUk

    The conviction of a Libyan man for blowing up a passenger jet over Scotland in 1988 could be seriously undermined by new evidence.

  21. Youri Carma says:

    ‘CIA feeds us bad info on Iran nukes’ – IAEA ex-head http://www.youtube.com/watch?v=X-pN0MNo_pE
    UN nuclear watchdog IAEA has been closely cooperating with the world’s spy agencies, including on Iran, for years, former head of the agency, Hans Blix, told RT.

  22. Youri Carma says:

    @karate kid

    This dude certainly did his homework. Good info!

    Video: Canadian Talk Show Host Destroys Obama Over Keystone Decision http://conservatives4palin.com/2012/01/video-Canadian-talk-show-host-destroys-obama-over-keystone-decision.html

  23. Sam Fryman says:

    @neweveryday
    @I Precariat

    Ok – as you’ve requested I stick around, I’ll make one last post, as one of you mentioned, giving my psychological take on the problem of getting Max’s message across.

    Max is an inspired, creative, genius type person. I think the word genius is overused, but if we think of it like stars in the sky of different magnitudes, to say someone is a genius just means in my view that they have got a special ability to draw out truths on some particular issue by whatever means of expression they are expert in – and for Max, that’s expressing economic ideas in a creative, entertaining way, and penetrating to the depths of economic issues in a way that very few apparently can.

    I earlier referred to the problem with genius that the genius often thinks that merely expressing his insights is enough, and is often surprised and amazed that other people can’t see them as easily as he does, whereas for him it is crystal clear.

    I feel that is pretty much Max’s state. Part of being a genius is often also a rather uninhibited spontaneity, which of course Max also shows in buckets.

    And as geniuses tend to be honest, sincere people, there can also be a naive trusting aspect, which shows itself in speaking one’s thoughts aloud sometimes to inappropriate parties, who aren’t going to celebrate your genius revelations as you hope, but rather resent them and tend to try to use them against you.

    When people want to resist the truth you are expressing, or at least, a view that seems to threaten their reality view, they will typically turn to the good old “ad hominem attack” – if you can’t discredit what someone says, then discredit them in their character/behaviour etc. so they won’t be listened to, which unfortunately can be very effective, especially if the party doing the critising is some kind of national or even international media body, like TV or a well followed newspaper.

    So like other genius types, unfortunately Max makes that character assassination quite easy, and though it’s a few years back, I found one major UK newspaper calling him Mad Max in the article title.

    But specifically, there’s a point in the interview with the Irish Times and Max says that the mainstream American economists e.g. from the Adam Smith Institute or whatever, won’t dare take him on in a public debate, and that he longs for the day when they will, and then goes on a “verbal orgy” of how he would more or less beat the pulp out of them verbally speaking, and have them squirming on the floor and begging for mercy (or words to that effect).

    Which yes, I, as an enthusiastic supporter of Max, found quite hilarious, but the question I later asked myself, was what would this fairly young Irish journalist make of such fighting talk/bravado?

    And as this journalist likely doesn’t know what to make of Max’s economic views in the first place, I can only guess that he probably saw it as extremely arrogant, for Max to more or less claim he knew far better than all the rest of the economists in the world put together, even though my guess is that may well be true.

    The psychological fact is, when people like you, love you even, or quite likely in many cases re Max, idolise you, see you as their champion, they are willing to accept any of your foibles, but those who don’t like or love you, are just looking for excuses to discredit you, which I feel Max is giving them in abundance with his thumb a nose at the currently accepted authorities general behaviour.

    I mean, I am not entirely sure that Max is wrong. Maybe his extreme irreverence in a too intellectually submissive and grovelling world is what is needed right now – perhaps he really does need to be outrageous in the otherwise dull world of economics to make a name for himself.

    But is he thereby winning the right kind of following?

    And it’s not necessarily a numbers game – maybe he doesn’t need millions of followers, just a few thousand or even hundred or less who are actually in a position to do something about the economy, rather than sitting round the campfire applauding, but mostly just swapping “ain’t it awfuls” amongst themselves.

    For if most of his followers are relatively powerless people, lacking influence, because he has alienated those who are in a position to do something about things, as they won’t take seriously somebody who we’re not entirely sure if someday he isn’t even going to perform some outrageous act on screen (use your imagination, I’d really rather not say) then he may spend most of his time effectively just whistling in the wind.

    I don’t think Max really believes in anarchy, but his behaviour is seriously anarchic at times, and the fear of anarchy is the number one turn off for about 99.99% of the world’s squares, who unfortunately for all of us, are the ones who are generally speaking currently running everything.

    I mean, to precis all of the above, the problem Max is having, even though enlightened he may be, is he is not being listened to by those who matter, he is not being taken seriously by those who if they did listen to him, would have the powers that be seriously worried, whereas he has something like the status of a George Galloway in UK terms.

    Briefly, George Galloway was an MP for many years, an outspoken anti-capitalist, but he appeared on the UK version of Celebrity Big Brother several years back, and became an object of ridicule in the process, and since then his “political capital” has plummeted, he appears to be no longer electable as an MP, and now though still not at retirement age, his TV appearances and thus influence are becoming less and less on mainstream TV, and the non-establishment channel he still was appearing on regularly – Press TV – has been at least partially banned from UK reception.

    So likewise, my concern is that Max could end up just being regarded at best as “Court Jester”, rather than the serious threat to irresponsible capitalism that he otherwise can be.

    But you know – maybe I’m wrong. Maybe Max knows what he is doing.

    What causes the doubt and concern in my mind was for example why his interview with the Irish Times never saw print, in a country that so desperately needed to hear what he was saying.

    But no guys – while I thank you for the warm welcome from at least 2 of you here, I don’t think I should post here again, because I feel like I am treading on Max’s patch, and that of all the existing posters here, and as you can see from the length of my posts so far, I tend to have a great deal to say, which I am quite sure would soon become unpopular with many, so I feel that this is the point I ought to stop, and thus not outstay my welcome.

    So once again, good luck everyone, and as Max himself would put it – at least for the foreseeable future – “Bye y’all!”

    In political terms

  24. Badsey says:

    With 0% interest there is little or no risk for the Speculators and little interest for the savers. 100-1 Speculators vs Savers right now and that trend is getting worse. A true 1%, or .0001% casino-gulag economy for people in fiat.

    Whole countries like Ireland, Greece, Spain, Portugal, Egypt are falling for this fiat scam and many are being forced into austerity (fiat slavery). –> And Max Keiser is being questioned about looking to upset/angered? Those riots in Greece are real folks. OWS is real. The Federal Reserve $$ trillion payouts are real. MF Global is real. SLA buying up all the phyz and jacking the physical price over $50 —> all real.

    Some people are 100% saturated with globalist propaganda. —> Max tried to get to the Irish people before austerity (bail-out) #1. 99% would absolutely not listen, now they are at bailout #2/#3 with no end in sight. Greece was somewhat more responsive with maybe 5-10% getting it, now closer to 50%. Even in the US you have many getting off 1-2 years of unemployment with no job in sight. =Times are not getting better and you better start waking up since no amount of yelling seems to help.

  25. Youri Carma says:

    Booze Inflation but Deflation in Ammo

    Sounds like a perfect recipe for liquor store raids like in London the other day were the Brits didn’t even use the ammo lOlz

  26. hal10000 says:

    The problem centres on “too big to fail.” The banks are sucking up all the wealth out there, either through fees, scams, cheap central bank money, and/or bailouts. I’m not sure that raising interest rates would really be that effective considering these entities have positioned themselves as toll keepers by bribing public officials.

    What has to stop is the banker circle jerk of mutual financial masturbation. They play games with each other, or themselves, to generate those opaque financial monstrosities that blow up forcing taxpayers to make them whole again. I think it’s going to get worse as the credibility of any of the major banks is in the toilet. It must be getting hard for them to spin their tales of financial salvation to government bureaucrats.

    I’ve said it many times before, but high finance has become the tumorous cancer too many people (especially politicians and bureaucrats) now mistake for a vital organ.

  27. Youri Carma says:

    @stacyherbert @Fins

    Well here you have it:
    Could Sweden or Finland be the scene of the next European financial crisis? It is actually far likelier than most people realize.

    Like said: ‘Finnish are Finished! – But not yet …‘ and ‘Nobody escapes the wrath of bubble economics‘ and the Fins are not nobody.

    (That last one was tricky but once you understand it you may apreciate it.)

  28. Youri Carma says:

    @Sam Fryman

    Yeah, geniuses … tell me about it … Evil Genius – flick

  29. Youri Carma says:

    JPM Pwns Nancy Pelosi

    If I would say ‘This is too stupid to even respond’ I would still respond. So, I won’t say ‘It’s too stupid to even respond’.

    Damn! This stuff is weirding me out man!

  30. MirrorMirror says:

    .

    Gone Viral : Banker writes on the receipt “GET A REAL JOB” and tips only 1% :

    Banker’s Insulting Waitress Tip Incites Class Warfare Between the 1% and the 99%

    http://news.yahoo.com/blogs/trending-now/banker-insulting-tip-incites-class-warfare-between-1-164624882.html

    .

  31. MirrorMirror says:

    STASI 2.0 – 3.0 – 4.0 usw.

    http://www.youtube.com/watch?v=JEh8EVdUCus

    Things that are being discussed / made into law:

    # All data to be stored by EU Stasi
    # Hi-Tech automatically translates YT Videos into English
    # (illegal) Guns to be confiscated in fear of Civil War
    # Drivers Licence confiscated if criminal record
    # EU Parl. will force Search machines keywords to be stored / user
    # Holland – 2,500 sexual crimes / Cath.Church
    # Protest signatures handed to Constitutional Court against ELENA ( personal data storage )
    …. ( Monitor TV pgm – explains ELENA )
    ELENA = TOTALITARIAN STATE
    # Prof. The Law State is being dissolved into a Security State = 1984

    FWIW

  32. MirrorMirror says:

    .

    German Unemployment Obfuscation

    http://www.zerohedge.com/contributed/2012-09-27/german-unemployment-obfuscation

    Details on how the Govt.’s tricks hide 1.7 Million unemployed.

    .

  33. flicks says:

    Seems like it’s count down to default maybe an idea to keep a close eye on http://www2.isda.org/

  34. flicks says:

    http://www2.isda.org/news/isda-determinations-committee-the-hellenic-republic

    LONDON, February 27, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to the Hellenic Republic has been submitted to the EMEA Determinations Committee.

    In accordance with the Determinations Committee process, the EMEA Determinations Committee will decide whether to accept the question for deliberation or reject it and this decision will be made by 5PM GMT on Wednesday, February 29, 2012.

  35. flicks says:

    http://www2.isda.org/news/isda-determinations-committee-the-hellenic-republic

    Ooops sorry forgot the quotes

    “LONDON, February 27, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to the Hellenic Republic has been submitted to the EMEA Determinations Committee.

    In accordance with the Determinations Committee process, the EMEA Determinations Committee will decide whether to accept the question for deliberation or reject it and this decision will be made by 5PM GMT on Wednesday, February 29, 2012.”

  36. MirrorMirror says:

    .

    Socialist Hollande plans 75% top tax rate ( for over 1 mio. income ) in France :

    http://www.welt.de/politik/ausland/article13892079/Hollande-plant-Spitzensteuersatz-von-75-Prozent.html

    .

  37. BankThief says:

    It’s so true. Low interest rates are not your friend. They lead to inflated prices and debt slavery. See Japan where the son take on the fathers mortgage after they pass.

  38. gold bullet says:

    ”‘Conan The Barbarian’ Chases 2,165 BitTorrent Downloaders in Court”

    http://torrentfreak.com/conan-the-barbarian-chases-2165-bittorrent-downloaders-in-court-120227/

    ”…Through this legal action movie studio Nu Image hopes to collect millions of dollars in settlement fees….”

    ”The aim of the copyright holders is never to take any of the cases to trial, but to get alleged infringers to pay a substantial cash settlement to make legal action go away. Some equal this scheme to extortion, but the copyright holders say they are merely protecting their work.”

    Nope, you copywrong trolls, this IS extortion!

  39. MirrorMirror says:

    .

    # 55% of Syrians want Assad to stay

    # Referendum voted Yes to New Constitution – Multi Party elections

    # EU & US enraged

    Shambles: ‘Syrian voters non-people for the West’

    http://www.youtube.com/watch?v=LN86J03ga9M

    4 mins

    LOL … so who were all those “protesters / snipers” then ?

    Go figure

    .

  40. proxyoflove says:

    ouch, i must have hit my head when i fell off the wagon. god I was unspeakably smashed last night. i blame the keiser report without reservation, and expect sympathy to heaped upon me for this filthy hangover. i fully dissociate myself from any repetitively ridiculous things i said, i was coerced and probably water-boarded by rt agents. just to be on the safe side i’ll take obomba’s advice and not look back. good morning, and have a nice day. ;)

  41. gold bullet says:

    ”Rumblefish CEO: Claiming Copyright On Your Incidental Recordings Of Birds Was Merely A Series Of Unfortunate Errors”

    http://www.techdirt.com/articles/20120227/13044117890/rumblefish-ceo-claiming-copyright-your-incidental-recordings-birds-was-merely-series-unfortunate-errors.shtml

    Yeah, right!

  42. gold bullet says:

    ”Commerce Department Postpones ‘Africa IP Forum’ After People Point Out How One-Sided It Is”

    http://www.techdirt.com/articles/20120227/02460817885/commerce-department-postpones-africa-ip-forum-after-people-point-out-how-one-sided-it-is.shtml

  43. Tamir says:

    Iranians being morons – yet again:

    “Iran state TV says Oscar win victory over Israel”

    http://news.yahoo.com/iran-state-tv-says-oscar-win-victory-over-060833702.html

    Who the fuck cares?

  44. F. Beard says:

    @proxy,

    I had a bit of a troubled conscience too; I don’t get hangovers. Also, my dream (just a single header!) was kinda of a drag too.

  45. F. Beard says:

    @Tamir,

    Yep, them Iranians don’t seem to be helping to defuse the situation.

  46. Steven Rowlandson says:

    F. Beard | February 27, 2012 at 9:18 pm |
    Absolutely raise rates!
    Indebted governments had their 20 or 30 years grace to pay down the debts incurred up to 1980 and they screwed the pooch and kept borrowing their countries into bankruptcy. Steven Rowlandson

    What debt? The bonds of a monetarily sovereign government are just another form of fiat but one that pays interest. To pay off those bonds would simply require a swap with brand new fiat. But fiat pays no interest which is why the bond holders would probably object.
    What debt? Try more than 16 trillion in treasury bond debt for the American federal government. This might come as a shock to you F. Beard but it is not an advantage for the government to owe 16 trillion dollars not to mention the additional unfunded liabilities. National debt is not a blessing for the nation it is a curse.

    Absolute idiots every last one of them. Steven Rowlandson

    Since all fiat has been created as debt then to pay off the national debt with taxes would be to transfer the entire money supply to the lenders.

    Fiat currency is absolutely not money in any way shape or form. It is not equity or value to exchange for goods and services. It is a piece of cotton paper or data created by and representing debt… All debt if any should be business or personal and in no way government debt.

    Gold and silver as bullion and coin is money and a store of value and in transactions is payment in full. Value for value and not debt for value as is the case for fiat.
    As for those that lend the government their fiat currency it is quite proper for the government to give the bond holders their fiat currency back and it doesn’t matter at this stage if it is from taxes or the government printing press. In my opinion this should be done over 2 or 3 decades but to clean up the governments balance sheet it must be done to restore the solvency and independance of government.
    The right thing to have done over time is for the government to have stopped borrowing and allocate 25% of funds available after interest charges to bond redemption and run a small government on the amount left each year untill the national debt is retired. Then use some of the tax revenues to obtain the resources to restore real money according to the constitution and coinage act of 1792 and ultimately do away with fiat altogether.. This process should have been started long ago but democracy, communism and the NWO is satanic and corrupt and now matters are worse. Again the governments are absolute idiots every last one of them. Then again most of the voters are not too bright either since they believe all the BS the government and the MSM tell them. Garbage in, garbage out. You can not expect good government from satanicly inspired gangsters, You have to start over from scratch to even start to make things right.

  47. Bonn says:

    I come here fer the Newz !!!!
    Hic ;-)

  48. proxyoflove says:

    @ thebeardedone, first hangover for a time. Just shows, sober for just a week and I got utterly plastered before even getting through the second merlot, and minging hangover. Hardly a badge of honour, lol, but I now have a 1:1 martial arts hour with sifu himself. Now I’ll pay, heh heh. fuck. Me and my big ideas ;)

  49. proxyoflove says:

    @ Bonn, have you been drinking?! hic hac hoc :)

  50. gold bullet says:

    Some music for all of you crazy kids of KeiserLand ;-)

    https://www.youtube.com/watch?v=5eZ_TgE3x_A

  51. flicks says:

    Great Keiser Report – Karl Denninger wants vertual sex with Max but he gets all shy lol

  52. F. Beard says:

    As for those that lend the government their fiat currency it is quite proper for the government to give the bond holders their fiat currency back and it doesn’t matter at this stage if it is from taxes or the government printing press. Steven Rowlandson [bold added]

    It does indeed matter! The bond holders are entitled to NOTHING but brand new fiat. They are NOT entitled to having the ONLY US money in existence which would be the end result if taxation was used to payoff the US National Debt.

    I suggest you hang out at an MMT site or two to balance your thinking. “Pragmatic Capitalism” is a good place to start, imo, though I am not in total agreement with Cullen Roche.

  53. Bonn says:

    @ proxyoflove
    I Drink everynight but today I started in the Afternoon
    its 5:40 pm here now
    :-)
    Hic
    and fer me pastime I irratate Coast to Coast AM host George Knapp
    lolz
    Hic ;-)

  54. F. Beard says:

    @neweveryday,

    I answered your question. Adequate collateral covers the risk of loan defaults. You’ll have to come up with another justification for usury.

Watch the latest Keiser Reports:

Watch our Google Hangouts: