[KR279] Keiser Report: Beggars Without Borders

We discuss debt piles and thin dimes. They also discuss Christine Lagarde begging for money outside Penn Station while insider trading bankers ‘charitably’ talk to beggars at Grand Central. In the second half of the show Max talks to economist Michael Hudson about the austerity, debt and fraudulent conveyance.

169 comments on “[KR279] Keiser Report: Beggars Without Borders
  1. ronron says:

    @Tracy. has your body caught up with the new york minute?

  2. Vonda Bra says:

    @ Youri Carma | April 25, 2012 at 1:56 am |

    hey, thanks for pointing out …
    I am aware of all this!!! You are right !!! … and they will go down … no doubt!
    but unfortunately there is also a lot of “empirical” truth in these M. Thatchers words (just heard them again from James Turk quoting her on Capitol account …) …
    quoting James Turk:
    “its not a crisis of capitalism, but a crisis of socialism! People who rely on governments and heavy government spending … and governments who make these promises, really have to rethink that relationship!
    Margret: The problem with socialism is, that eventually governments run out of other peoples money !!!! …… :-)

    best, you tune in at: min. 3:00 – http://youtu.be/R0Gag8rvYF8

  3. Vonda Bra says:

    @ ronron | April 25, 2012 at 2:09 am |
    —– i always thought europe was a continent with many country,s. has this changed?—-

    BINGO! you always thought right! ;-) …. and nothing has changed! :D
    except all currencies and sovereignty of countries are being killed and we all ended up under a fascist regime, ruled by insane Oligarchs, commanded by Non-Europeans and their several obedient governments that gives a shit about the people and peoples! :-)

    its a joke! :D

  4. ronron says:

    @Youri. Vonda is right. free mirrors all around. watch yourself starve.

  5. JonnyJames says:

    @Vonda
    Turk makes good points but this aint “socialism”. this is NEO FASCISM. Let’s get our political terms straight. I hate it when these financial guys demonstrate ignorance of political terms.

    “Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.”
    Benito Mussolini

    Remember, the socialists and communists were the first to be taken out by Hitler and Il Duce. Socialism is a theory, it does not exist empirically. Sweden or Norway is likely the closest to “socialism” in a loose sense.

  6. Youri Carma says:

    I know that the hot tall mad fat dog, called Spain, just moved in but: (Skinny Greece dog move over!) Ich Bin Ein Athener

    It Took The Bank Of Greece Only Three Weeks To Revise Its 2012 GDP Forecast Even Lower

    Now We Know Where All The Greek Bank Deposits Have Gone

    Greeks top penis extension surgery :lol:
    More Greek men had penis extension surgery in 2010, in proportion to the population, than their counterparts in 25 countries in the developed world examined in a survey by the International Society of Aesthetic Plastic Surgery.

  7. JonnyJames says:

    IMO Socialism (as an economic system) and “Capitalism” (economic system) do not and never existed. They are utopian theories that can never be achieved by irrational mortals. However, we could try and work toward something a damn sight better than what we have now.

  8. JonnyJames says:

    @Youri
    Good one, move it on over. Hank Williams reference, Damn! Are you a redneck like me?
    http://www.youtube.com/watch?v=QFDsx1LV3TE

  9. F. Beard says:

    @VB,

    Dey all scare me.

    Romney is out for religious and asshole reasons (him being one).

    I probably wont vote unless RP get’s behind a universal bailout. It’s dumb not to.

  10. F. Beard says:

    @VB,

    Is it true what they say about European women?

  11. OlympiaLogger says:

    @OZ
    It’s amazing how many people, some as bright as Max, who believe some things are still driven by Brownian movement. Like ‘market forces’ will eventually kick back in and everything will find it’s own level again and we’ll all live happily ever after.
    All this trouble with a tightly knit group of murderous monsters who just happen to share the same psychopathy is merely Brownian movement and we’ll laugh and see it as a serendipitous accident, some day…. not.

    And no current governments are capable of interrupting weather patterns… it’s all just driven by ‘natural forces’.

  12. ronron says:

    @Beardo. ron paul wants to end the fed. pretty large bailout, if you ask me. this would mean there dollar and debt were worthless. ya falla?

  13. ronron says:

    @Beardo. this would of coarse end the insurance business, and banking would be a utility. no more free lunch for you. stock cheeses and porn.

  14. OlympiaLogger says:

    “I haven’t worked out the ultimate Why?”

    Because they have enough resources and money to gain access to the finest (and sometimes the most diabolical) theological minds on the planet and they know…for a fact…with zero doubt that Christ IS coming back and they may be rich and powerful, but they are NOT nor ever will be elect and will be going nowhere.

    In the end, this planet is all they will have.

    It’s a FINITE place and to keep as much for themselves and keep it running for as long as possible, or at least until the Sun becomes a red giant, they have planned ahead for hundreds of years, and are preparing NOW, for the extermination of up to 80 to 90 per cent of all the World’s population.

    That’s why.

  15. ronron says:

    @O/L so, your nuts as well. Beardo and you will be great friends. keep on trucking.

  16. Vonda Bra says:

    @ JonnyJames | April 25, 2012 at 2:49 am |

    thanks … I get what you´re saying, but I just cannot agree on everything …
    its tricky, you know? :-)

    —but this aint “socialism”. this is NEO FASCISM—–
    in most peoples eyes and uneducated views it is “good” socialism and NEVER Neo-Fascism! they hardly ever get there …. cause Fascism is long gone and does´t exist anymore! .. except for a few skin headed nerds that they are told to avoid, because they are against jews and remind of the dark days under Hitler etc….
    Its that simple! they don´t see, or differentiate !!!!!!!!!!
    Governments that spend and give money and all kinds of “goodies” to their people are good. Let them as well play the capitalistic game a little and make them feel more “upper”.
    They don´t get they are being robbed blind anyways !!!! Being it “conservative” parties, trying and selling to be “social” .. or socialist parties trying to handle the “markets” and coming across as capitalists. But budget discipline is an unknown word in socialist governed countries!!!!

    of course its Corporatism! the existing party system is totally obsolete and a fraud …. EVERYWHERE!!!! … for 100s of years …
    thats why it is all a joke!

    If markets were not completely rigged by … you know who … bla bla bla …
    I stop now, cause its pointless … we know what we mean anyway …. and yes ..
    “However, we could try and work toward something a damn sight better than what we have now.” JJ

    yeah …. :-)

    I´ll think about it and might get back to you ….

  17. F. Beard says:

    ron paul wants to end the fed. Skippy

    True.

    pretty large bailout, if you ask me. Skippy

    Does not follow. Ending the Fed would be deflationary since there would be no lender of last resort to back up the banks UNLESS ending the Fed was combined with a massive bailout of the entire population.

  18. Vonda Bra says:

    @ F. Beard | April 25, 2012 at 3:03 am |
    —-Is it true what they say about European women?—-

    You´ll probably never know? :D

  19. OlympiaLogger says:

    ronron

    I was posting at OZ…

    …but if you want to step in it, be my guest Lizard Shit.

  20. ronron says:

    @Skippy. sounds like you need the fed. carry on.

  21. ronron says:

    lizard shit. fucking too much. oh ya, i love a good argument. :-)

  22. ronron says:

    @Vonda. is it true you women over there can cook and grow and can food? plus the great sex?

  23. Vonda Bra says:

    @ F. Beard | April 25, 2012 at 3:37 am |
    —– UNLESS ending the Fed was combined with a massive bailout of the entire
    population. —-

    as rr recently said, you want it all at once and live in Lalalala-Land.

    one step at a time would do a lot!

    Arrrgh!

  24. ronron says:

    and huge baby,s. :-) with 3 sets of teeth?

  25. Vonda Bra says:

    @ronron | April 25, 2012 at 3:49 am |
    —-is it true you women over there can cook and grow and can food? plus the great sex?—-

    don´t give too many hints for F. Beard …. he might move to Arizona and call it a
    change! :-)

  26. F. Beard says:

    You´ll probably never know? VB

    Correct, though I had hopes once for a tall, German redhead.

  27. OlympiaLogger says:

    ronron

    Quit while you’re ahead.

  28. Youri Carma says:

    @JonnyJames

    A City Indian recons a good piece of music in any genre. I happen to be in possession of this particular record http://marines12.blogspot.com/2010/10/bob-willisbob-jones-and-range-hands.html

    I listen to “Bob Jones and the range hands” Jack O’ Diamonds and “Bob Jones and the range hands” Travellin’ Gambler. So I know these songs by heard. I use to practice the “When Johnny Comes Marching Home” http://www.youtube.com/watch?v=T3k8H_9SjoM tune on my trombone for hours so it’s tatooted into my brain. Have a very sharp musical memory also.

    Does that make me a hillbilly aka redneck? Maybe but I am still half country half city so a city Indian :)

  29. F. Beard says:

    “Where ever you go, there you are.”

  30. ronron says:

    @O/L. your right. i,ll save you for later.

  31. F. Beard says:

    ronron,

    Dem loggers, dey tough.

    Scairt?

  32. ronron says:

    @Youri. one fine canadian indian. http://www.youtube.com/watch?v=RXFUr0sEgMI

  33. F. Beard says:

    one step at a time would do a lot! VB

    Dis guy came to a chasm that was two steps wide.

    His motto was “one step at a time”.

    He dead, now.

  34. Vonda Bra says:

    @ F. Beard | April 25, 2012 at 3:54 am |
    You´ll probably never know? VB
    —-Correct, though I had hopes once for a tall, German redhead.—-

    They say … hope never dies .. or Hope springs eternal … or Hope dies last ;-)
    it will keep YOU going ….

  35. F. Beard says:

    Hope deferred makes the heart sick, but desire fulfilled is a tree of life. Proverbs 13:12

  36. Capt. Ray says:

    Fun Fact:
    Today on NPR: “… the social contract is broken.”.

    Too bad it came from the mouth of some (…)guy, nonetheless…

    Next time i heared NPR some other guy was talking how computers scan, and judge, pieces written by students. As it turns out; the machine sucks. Result; teachers have to dumb down students (to what the machine excepts) to get higher test scores. Test scores are needed for teacher to keep job.

    [Guy gave examples... this is what I made of it]

    Now I know that they know that Voltaire’s phraze simply is as sugestedwritten by Voltaire in or around 1700… Max said it also… a lot lot later, about ’00, bud hay, kudos to Him!

    ;D

  37. Capt. Ray says:

    *… examples of sentences that machine doesn’t understand instantly …

  38. Youri Carma says:

    @JonnyJames

    You can download an other version of Jack O’ Diamonds here by Jules Allen “The Singing Cowboy” – Jack O’ Diamonds http://archive.org/details/JulesAllentheSingingCowboy

    But I prefer the “Bob Jones and the range hands” – Jack O’ Diamonds version, it has slightly different lyrics too.

  39. F. Beard says:

    Today on NPR: “… the social contract is broken.”. Capt. Ray

    It sure is!

  40. Vonda Bra says:

    @ F. Beard | April 25, 2012 at 4:02 am |
    —–Dis guy came to a chasm that was two steps wide.
    His motto was “one step at a time”.
    He dead, now.—–

    step-width is very individual ;-) … sometimes the one who tries to make that step, neglecting the chasm … ends up being bolsterd by the millions in the chasm! ;-)

  41. Capt. Ray says:

    @ FB

    “Look in the mirror and see all you will ever have.”

    -me, just now

  42. Vonda Bra says:

    @ ronron | April 25, 2012 at 4:05 am |

    very much appreciated! great! thanks!!! ;-)

  43. F. Beard says:

    Capt. Ray,

    That’s one of the most depressing sayings I ever heard!

    Thanks be to God it isn’t true!

  44. ronron says:

    @C/R yep, the era of the free mirror.

  45. ronron says:

    @Vonda. you are always on my mind. bye girl. :-)

  46. Vonda Bra says:

    @ F. Beard | April 25, 2012 at 4:16 am |
    @Capt. Ray “Look in the mirror and see all you will ever have.”
    —That’s one of the most depressing sayings I ever heard!
    Thanks be to God it isn’t true!—

    There is not a lot you seem to know F. Beard …. :-(
    for you there is only a nanny-state and/or a nanny-god!
    that lost energy that constantly makes you work around reality and not facing yourself …in the mirror, will probably haunt you and eventually force you to experience things the hard way … :-·(
    I wish you all the best though!

    you´re doomed!

  47. Vonda Bra says:

    @ ronron | April 25, 2012 at 4:20 am |
    —-you are always on my mind. bye girl. —-

    thanks, nice! I like that! :-)
    Bye crow! :-)

  48. F. Beard says:

    you´re doomed! VB

    We’re all doomed if there is no Savior!

  49. Capt. Ray says:

    I was laughing (Biderman style, like laughing before the joke) when I wrote it.

    (here comes the giggle again);

    “about that depressing feeling; that’s the being within you reacting to silver.”

    Arrrg,
    ;) !

  50. F. Beard says:

    Actually, I love silver coins. They can be draw-dropping beautiful.

    I wish silver was so cheap that it could be wasted in coins.

  51. Vonda Bra says:

    @ F. Beard | April 25, 2012 at 4:51 am |

    Ron Paul ~ The Federal Reserve Facilitates Big Government
    http://youtu.be/KkQb6DP6uRQ

  52. F. Beard says:

    @VB,

    The Federal Reserve has caused people to NEED big government.

    RP should concentrate on eliminating the fascism (privileges for the rich) in government. The need for socialism will then wither away.

  53. Bruce says:

    Wells Fargo are innocent.

    J.P. Morgan are innocent.

    I won’t have you two New York tourists talk bad about them ;)

    You know those fees for fraudulent banking? I bet they go back to the banks. Because they are innocent. They surely don’t reach the people that were scammed, right? The banks own the gov, right?

    I bet it’s just a PR thing, to make people think their taxes are somehow justified.

    Largarde is a debt whore ;) so she knows a tried-n-true way to make money.

  54. Bruce says:

    Best line of the show:
    “This Shankar’s a real shanker…”

    Stacy’s laughter and funny expressions reading news. Good.
    You two were buzzing in this episode.

    The Land of Monsanto is doing you good.
    PS. I’ve often wondered why the USA hasn’t updated its notes to use more anti-counterfeit tech.

  55. Vonda Bra says:

    @ F.Beard

    your a bulldozer! no feeling for the subtle or finer stuff or any details …

    btw, women in general are not likely affected by men of this kind .. especially not the
    read haired ones …

    so wait for the “savior” … nanny style, as you are used to.
    Nevermind!

  56. Capt. Ray says:

    @ FB
    Please tell your Savior that easiest way to end all wars is to create peace on earth.

  57. Bruce says:

    by the way, RIP green screen.
    Though RT should consider writing Keiser Report somewhere down below.

  58. Bruce says:

    F. Beard | April 25, 2012 at 5:15 am |
    RP should concentrate on eliminating the fascism (privileges for the rich) in government.
    ~~~~~~~~~~~~~~~~~~~
    RP will do nothing to dismantle all the corruption. Only the people will. I couldn’t care less if he got elected, to be honest. It amazes me that people think one person can do anything when the whole system stinks to high heaven.

  59. Vonda Bra says:

    @ Bruce | April 25, 2012 at 5:48 am |

    —It amazes me that people think one person can do anything when the whole system stinks to high heaven.—

    maybe because this one person is the only one to challenge this whole stinking system
    for 30 years … from within the system ?

    and btw, it is long ago, this was about “one” person …

    why so ignorant and fatalistic ?

  60. F. Beard says:

    maybe because this one person is the only one to challenge this whole stinking system
    for 30 years … from within the system ?
    VB

    RP wants to return to a previous rotten system – the gold standard.

    But at least he has stirred people into thinking about money and not all of them are primitive (and/or corrupt) gold bugs.

  61. steveosilver says:

    @ all, there is work to be done, put down the monopoly game piece.
    So many smart people wasting energy and opportunity.
    Did you try the wire in the radiator or the Hull effect.
    You savings and the exposure to the energy bubble are awaiting you.

    Robert Hull 4/22/2012
    ” In regards to carbureted internal combustion engines…
    and fuel mixtures…
    inside that metal tubes of the intake manifold…
    water from the atmosphere is being broken down into
    hydrogen and oxygen…

    The increase of vaccum inside the intake…by default…
    increases static electricity production…release of..
    and breaks down the incoming fuel/air mixture….

    The friction of the “Casimir Effect” using vaccum…
    increases the “voltages” inside the intake manifold…(<<<)
    is "ionizing gases" creating cold plasma reactions…
    inside the intake manifold…
    without added electrical input….(<<<<<<)
    the electricity "available in the atmosphere"….
    emitted radio frequencies and natural radio frequenices…
    are the "supply of electrical energy"
    the exterior ice formation…is the intake manifold…
    being utilized quite differently.

    Remarkably…astoundingly..
    The slower the rpm's and the longer the stroke of the pistons.
    the lower the compression ratio…
    the more TIME is created..
    to increase the "voltages activity"
    inside the intake manifold.

    This is ONLY explainable…by the "Casimir Effect" using vaccum.

    One point I am making…just in the past few years…
    did real live nuclear physists…at Argoone National Laboratories
    verify correctly the "Casimer Effect"
    as a measurable model of
    frictional static electricty discharge.

    What are the ODDS I would read about that…
    after my discovery…

    What UNIQUE model of study is actually created???

    The Hull Effect Technology provides.

    ICE coated metals…under vaccum…as a constant…stabilized…
    various shapes…from round to square to rectangular…
    ICE has UNIQUE qualities of "insulation"…
    reflectivite qualities of "cosmic energies" and sound.

    The observations of the… more the ICE formed…
    the more stable…and more powerful…more efficient…
    the activities of the engine…
    appeared to be intelligence in action…"fixing itself"…
    When in fact…I was making bad adjustments based on
    pre-concieved pre-programmed…"expert expectations"
    for informations that do NOT exist…
    in any KNOWLEDGE BASE…anywhere…in civilization.
    Just that simple!!!

    What is being "blocked or removed fron the processes? UNKNOWN
    What is happening inside the ICE covered metal chambers?UNKNOWN

    Everytime I screwed up the experiment…and had to start over.
    cause and effect….the UNKNOWN…

    It is the "magic of the UNKNOWN…teaching ME…
    to wait…to observe…and THINK"

    This is what I "created" for the "sciences to study"…
    That is MY "Intellectual Properties"…
    that are trackable…to point of origin…of discovery.

    Many will state…
    we knew ICE will form on the outside of carburetors…
    on humid days…that is "old news"…old technology…
    I asked all that I could find…
    Did you ever get ice to form on the carburetor
    and intake manifold and re-tune???
    Test the results???
    The answer is always absolutely a NO !!!

    There is ONLY ONE MAN WHO historically pioneered…
    stabilizing these processes…for scientific STUDY…

    It is NOT any of the
    "credentialed electrical/ chemical/ nuclear or astro or quatum
    physisists"

    The best of the best…with doctorates in physics degrees…
    stated "it is just a vaccum carbureted fuel system"
    OK…why is it NOT being used???

    Nothing "WORTH" their precious time for studying.
    It is the low tech carburetor …
    low tech low compression engine…
    "we know all there is to KNOW"…cause and effect…

    How about that?
    For unprecidented blatant arrogance…
    of refusing to learn…FEAR of the UNKNOWN…
    of the science community as a whole unit.

    An UNKNOWN… back yard scientist…leading the way…
    getting historical credit for what you should have done???
    TOO embarrassing??? TOO SHAMEFUL???

    Nuclear reactions …cold plasma…
    happening inside ICE coated metals…
    as a "containment area"…MODEL of NEW STUDY…

    It surely makes those existing nuke power plants…
    not using ICE COATED PIPING …
    "totally scientifically ANTIQUE and also very "ignornat""

    TIME to be "N ICE"…! (<<<<<)
    That is what a teacher really does…arrange your thoughts.
    In the correct patterns.

    Robert W Hull
    Founding Father of The Hull Effect Technology "

    back to the lab

    love and gratitude

  62. Bruce says:

    Vonda Bra | April 25, 2012 at 5:58 am |
    and btw, it is long ago, this was about “one” person …
    why so ignorant and fatalistic ?
    ~~~~~~~
    Another election.
    Another round of millions pissed down the toilet to get elected.

    Another round of team sports; one voting for one, one voting for the other. Another round of ‘appeal to the stupid sheep to get elected’.

    Call me cynical, but I don’t see anything real being done to challenge the system within the system, but I see lots of wasted resources that could be used to educate those who don’t know about who is running the show and what needs to be done to crush the system from withOUT (as opposed to withIN), far more easily than relying on one man to relay your hopes for the future within the corrupted confines of gov.

    I have absolutely ZERO faith he will do anything the people have not already done (due to revolt) by the time he even attempts a piss-poor change from within the system.

    He will be neutered or mysteriously ‘die’ at the hands of the system far before anything is done. The parasite is too big and this is not the way to attack it.

    The whole idea of the masses rallying around their ‘teams’ is repulsive to me.

  63. Al Kyder says:

    @ TotalCollapse.com – WOW they are beautiful gas masks, I can se a future bride wearing one short skirt, heels, pearl earrings carrying a green smoke flare.

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