[KR300] Hot Potato Counterfeit Cash

We discuss hot potatoes, big fish, counterfeit collateral and a stealth British default. In the second half of the show Max talks to Charles Hugh Smith of OfTwoMinds.com about austerity death spirals and phantom wealth.

198 comments on “[KR300] Hot Potato Counterfeit Cash
  1. Wolferl says:

    @ Mirror

    If you mean the Euro, the Euro is not failing. It´s the Greek, Spanish or French economy that is failing. Time for them to adopt to the situation. But if the Greeks, Spanish or French people are so stupid to bring their capital to Germany or England they´ll make their situation even worse. But there will be a time when the core of Europe will start to buy up assets in the PIIGS countries and show them how to do business. It´s just a matter of timing.

  2. Jayme says:

    @susan

    Bill Still makes good points. I tend to agree with Bonn.

    People don’t really care what their money is made of, all they care about is that they can easily exchange it for something they need and is a ‘reasonable’ store of value. After the destruction of all national money systems, the people will go along with any global money scheme that is proffered by the oligarchs, as long as it doesn’t steal too much of their wealth too quickly – imo. The alternative to this centrally planned tyranny would be an independent money system(s) that serves the people. I have very little idea about how this could be brought about in a practical sense but there are many theories. The tally sticks were an excellent idea for their time. Today … maybe something like BitCoin or a precious metal ??

  3. Rumcajs says:

    Watch dedicated fascists discussing Quebec student protests.

    http://www.youtube.com/watch?v=GlWRMsmkVOw&feature=relmfu

  4. MirrorMirror says:

    @Wolferl …

    Europe Bailout #5 Is In The Books .. Cyprus

    http://www.zerohedge.com/news/europe-bailout-5-books

    What isn’t mentioned is that Russia has offered Cyprus 3.5 Bio. EUR with very few conditions .. except of course a deep water harbour there :lol:

    Re.: ….If you mean the Euro, the Euro is not failing. It´s the Greek, Spanish or French economy that is failing. …

    You have things up.side.down !
    There was not anything wrong with these economies until they joined the Euro.
    They were smaller and slower than Germany OK …. but hey , the have a different culture and prefer to “work to live” rather than “live to work” .
    The EUro is a complete failure in almost all respects … culturally, politically & economically… anyone who does not admit that is in denial.

  5. susan says:

    @Jayme:

    Thanks for that. In the countryside, you wouldn’t even need an alternative currency, just extra eggs or leeks or potaotes….but I agree in the cities, you’d need a locally agreed form of ‘fiat’ currency….but how to organise that when there are riots in the streets?!

    Another thought: in view of very few people understanding the seriousness of the global environmental situation (and I don’t mean AGW!) maybe the insane oligarchs aren’t so insane after all: in the city by me which the Illuminati have taken over (Toulouse) they are prioritizing public transport, cycling, organic food, recycling etc, which seems to feed into Rothschild’s recent aticle that ‘Governing is Planning’. I would hate to lose my (not inconsiderable) reedom, but if it saves the planet from ourselves???

    BTW I think Max seems to advocate a free-market price-discovery mechanism within a centrally planned economy!!

  6. MirrorMirror says:

    Mike Shedlock on the Spexit, the Grexit and Running for the Eurozone Exit!!

    http://www.youtube.com/watch?v=K-pAlzPmiNM&feature=g-u-rec

    @Wolferl …. where’s my $1200 Gold please ? :lol:

  7. MirrorMirror says:

    .

    Investor Pimco throws German Government Bonds out of depots

    One of the largest asset managers, the Allianz subsidiary Pimco, has separated itself from German Federal Securities. Due to the multi-billion EUro rescue packages , the risk has increased for the German ability to pay.

    http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.welt.de%2Ffinanzen%2Farticle106587039%2FInvestor-Pimco-wirft-Bundesanleihen-aus-Depots.html

    German Original :
    Investor Pimco wirft Bundesanleihen aus Depots
    http://www.welt.de/finanzen/article106587039/Investor-Pimco-wirft-Bundesanleihen-aus-Depots.html

    Deutschland: Get out of the Euro , now !

    Deutschland: Raus aus Euro, jetzt!
    http://www.mmnews.de/index.php/wirtschaft/10212-deutschland-raus-aus-euro-jetzt#13396018032862&if_height=7966

    .

  8. kdt says:

    @susan
    @bonn
    bill lets his politics afect his theroy and selectivly aplies his definitions ! IF money is only money when BOTH parties agree it is (as he states) then when both parties agree it is GOLD then gold is money for there transaction , and BILL can go pound rocks it AIN”T any of HIS buisness unless HE is directly involved in the transaction! and the same law that charges congress with maintialing the money suply ditails the miediums to be prefered as silver and gold so he can’t claim congress has the athority and not execept gold and silver as the meidum to be used with out rewriting the constitution in the prosess

  9. Youri Carma says:

    @Bonn

    Yeah, reminded me of the spiderweb chart with Professor James Moriarty in the middle from the latest Sherlock Holmes movie in the ‘Embalming Fluid’ scene http://www.youtube.com/watch?v=fRFXWTE2tFo

    Epic Sherlock Holmes Forest Scene http://www.youtube.com/watch?v=CztxQIn5ZhQ

    which gives you an impression on how the new industrialized warfare from WO I actualy feels like.

  10. Flopot says:

    Bonn is probably right – communities will create their own systems of exchange if/when some sort of global currency collapse occurs. According to “Debt 5000 Years” this is what peeps did after the fall of the Roman Empire. Or perhaps we will look to novel methods in this information age – bitcoin!

  11. Wolferl says:

    @ Mirror

    It´s a long way down from 1900 to 1200 $ gold. Just be patient.We are seeing some kind of meager technical bounce up right now, gold is still in a downward channel since last August. Sell while it lasts and buy back cheaper in a few months.

  12. Youri Carma says:

    @Wolferl

    So what if QE3 is finaly launched in the US to counter deflationairy forces which are taking hold now? Many countries are doing QE now by lowering interest rates which won’t help anyways.

  13. capt ray says:

    With pride I present to you the making of the scale model of the boat I designed after KR272!

    http://youtu.be/3OmDxF60RsE

    !THX!

  14. Youri Carma says:

    @capt ray

    Like to see more of that …

  15. microhousehold says:

    @capt ray

    When will it be ready?

  16. microhousehold says:

    Double Standards: EU Commissioner De Gucht Is ‘Innocent Until Proven Guilty'; EU Citizens Are ‘Guilty Until Proven Innocent’

    http://www.techdirt.com/articles/20120612/09442519290/double-standards-eu-commissioner-de-gucht-is-innocent-until-proven-guilty-eu-citizens-are-guilty-until-proven-innocent.shtml

  17. Tamir says:

    human life in Iraq is cheap – no, worthless. Bombing, killing, shooting, religious massacres. Oh, yeah. Oh, yeah.

    http://edition.cnn.com/2012/06/13/world/meast/iraq-violence/index.html?hpt=hp_t1

    Oh, yeah.

  18. MirrorMirror says:

    @microhousehold…. Double Standards

    Have you read the ESM Contract ?…..
    … “Double Standards” … is “standard”.
    No person or country can sue the ESM or it’s members !

  19. microhousehold says:

    @MirrorMirror

    I didn’t had the time to read the ESM Contract.
    Of a much bigger magnitude than the Tech Dirt article I guess.

    So nobody can sue ESM or it’s members.
    Reminds me of TEPCO or BP.

    Lets see who going to pay for keeping France’s Nuclear storage facilities cool,
    when the domino effect continues.

  20. microhousehold says:

    Shift to dry storage sought for U.S. nuclear fuel.

    http://www.usatoday.com/news/nation/environment/2011-04-11-nuclear-pools_N.htm

  21. Alf says:

    @tamir…I don’t understand, what is the significance of ‘Oh yeah, Oh yeah,
    Oh yeah?’

  22. Tamir says:

    @Alf,

    It is significant because all that is for nothing, or maybe for a false god (they all are). What a waste of human life and potential.

  23. microhousehold says:

    ATC: The Centralised Storage Facility for Spain’s spent nuclear fuel and high-level radioactive waste

    http://www.euronuclear.org/e-news/e-news-28/atc.htm

  24. Alf says:

    @tamir…I agree…I misinterpreted the meaning.

  25. Flopot says:

    @Tamir

    The majority of terrorists kill for a story. It might be the story that asks “what will you do to stop the infidels?” or the one that asks “Will you kill for freedom and democracy?”. That is the really scary part – all it takes is a good story and you get people to kill for you.

    Of course, it is usually a story that exploits an extreme situation, say repression, and claims to provide a solution. Unfortunately in today’s f**ked up world the MSM can create a false “extreme situation”, i.e. another story, and then use another story to persuade soldiers and civilians to act. Lies built upon lies. But that’s the power of stories.

  26. MirrorMirror says:

    .

    @microhousehold …. ESM

    Short version :

    ESM: Dictatorship over EU
    http://www.youtube.com/watch?v=vPCKHvCgLnA

    4 mins.

    ESM Contract in English :
    http://www.cep.eu/fileadmin/user_upload/Kurzanalysen/ESM/ESM-Treaty.pdf

    .

  27. capt ray says:

    :D
    Thx for comments!

    When ready?
    Well, I guess hull number 1 is! I just got an email w/ tracking#.

    Following action will be to:
    A- do a water test and draw boat in Catia or Rhino.
    B- make an other scale model with deck.

    [Meanwhile figuring out: Rigging, production etc etc etc]

    C- find 5 potential buyers (probably in Brasil)
    D- find 5 investers that I can link to buyers. (I build boat, not risck portofolio ;) )
    E- build 5 boats.

    In other words, it can take awhile still :D

  28. MirrorMirror says:

    .

    Great Report from Bill Still :

    …. Angela Merkel is mentioned ,
    …. & Nigel Farage is praised ;-)

    Still Report #50 Spain-Bill Still.mov

    http://www.youtube.com/watch?v=FLK_r317s5g&feature=g-u-u

    7 mins.

    .

  29. microhousehold says:

    @capt ray

    Another bubble promoted by The economist.
    lol :lol:

    Naval architecture: Blasting a cushion of air bubbles under a moving vessel’s hull can reduce its fuel consumption:

    http://www.economist.com/node/17647555

    Good luck with the construction process. wink ;)

  30. Wolferl says:

    @ Youri

    Well, if Bernanke anounces a QE3 program tomorrow worth 1 or 2 trillions $ everything will spike up like hell, including gold. But i doubt it. Because i learned, that the FED will not act in an election year, because they want to be seen as politicaly neutral. So i think we will not see a QE3 before mid November. Till then PMs and commodities in general will go down, because the world economy is in a mild recession.

  31. Just for Max & Sherbert’s 300th, Gold is currently hovering at the Golden Ratio $1618.03
    1.6180339887498948482045868343656…etc, ([5^0.5 +1] x 0.5)
    0,1,1,2,3,5,8,13,21,34,55,89,144,….etc.

  32. Specky4eyes says:

    How to live without money in England…..(so long as rich people are chuckin’ good stuff away.)
    http://www.youtube.com/watch?v=339Xfbm_LkM&feature=related

  33. ronron says:

    @Wolferl, i love nievety while i dine. QE has never stopped and it won’t. were on the launching pad as we speak.

  34. Youri Carma says:

    @capt ray

    Would be nice to see a Vid from the draw boat testing. Loads of data for sure from this.

  35. Juan Moment says:

    When I turn 300 I hope I will still be watching the Keiser Report.

    Congrats to the KR team for consistently producing stand out economic journalism. I look forward to KR [600] in a few years time.

  36. Happy Dick says:

    Senator tells Holder to resign right to his face
    http://www.youtube.com/watch?feature=player_embedded&v=4q1scblw_nw

    HANG EM ALL!!

  37. John Robb says:

    @MAX

    “This is why your life sucks!” -Max

    Your transition from TIPS into explaining the fractional nature of paper essentially matches what you and Smith later spoke of regarding inverted pyramids and phantom wealth. As I made my claim in a comment to KR298[PlanetPonzi] that all fractional currencies are essentially derivative instruments, such is the case that what we call derivatives today are simply natural extentions of a system designed from the start to juice the global fruit for every drop until there is nothing in the process left but dilution. Dilution has always been part of the process, but now that it is the only part of the process to remain, it has become an advanced science.

    Smith’s inverted pyramid gives insight into how collateral is changing. I don’t know if it’s shrinking, but it certainly appears to be fading. Beyond trust, collateral is defined by what a creditor values. Perhaps there are three general categories: real assets, derivative assets, and labor. Perhaps real assets remain relatively constant, but all have entered the pyramid and there are no more effectively to be had. Derivative assets are still [in theory] tied to real assets and therefore are not shrinking per se but still expanding and diluting [shrinking in unit value through inflation]. Labor runs in analytical dynamic parallel to other assets.

    It’s as if the originators of a global pyramid scheme foresaw its end and were able to insert transformational ponzi elements that have crystalized the pyramidal structure[form, more accurately] as the pyramid function turns ponzi. The pyramid can no longer grow in mass but grows in scale. It feeds on itself somewhat randomly but moreso by use of targeted derivative instrument weapons of self-destruction, self-surgical strikes at key points of global financial entanglement. I digress.

    [I’d trade the ponzi pyramid analogy for hydraulic mining any day!] Anyway…

    My basic question to you, Max, stems from your reference to “naked” default swaps. As handy as default swaps may be as place keepers and such in the model digressed above. I find interest rate swaps to be more analogous the the mortar holding the structure in place, the cell walls allowing liquid one way and control of asset the other.

    Do you have any thoughts regarding the concept of “naked” interest rate swaps?

  38. Jayme says:

    @susan

    Yes, the environmental agenda of the globalists sounds ‘noble’ but unfortunately it also is a lie intended to serve mainly themselves and their own belief systems about the nature of economy and ecology they impose on everyone else in totalitarian fashion. While it is true that “Governing is planning” – they try to centrally plan everyone’s future (good or bad) and there is no conscious consensus by a well educated and aware global population. I expect that the role of the population is marginalized in many of their plans, they manufacture consent through their media propaganda rather than respect independent thought, values, and judgement about solutions to these global problems.

    Though we certainly deserve our share of the blame, rampant consumerism is their creation. If they are supposed to be ‘the leaders’ of the world, they are also the ones who are to be held responsible for the economic as well as ecological ruin – imo. They have literally dis-empowered nearly the entire global population in the decision making process through dis-information or political influence.

    Century of The Self. Episode One: Happiness Machines [repost 4 episodes ~1hr each]
    http://video.google.com/videoplay?docid=9167657690296627941

    And, rather than opening up the internet for a much broader supranational and diverse way of thinking, governing, and financial solutions that expand the global consciousness, these few small minded men (mostly men) continue to think of ways to insert themselves to restrict, control, and bleed profit from individual and public wealth production mechanisms (intellectual or labor) at the expense of everyone. The mantra ‘privatize profits, socialize losses’ isn’t an exaggeration of their philosophy.

    These guys look to externalize the blame onto the world and callously plan such things as eugenics, ‘population control’ or outright mass extermination through wars or other means. The rest of us do the same on a smaller scale. We generally take it out on family, friends, pets and neighbors. There are too many references on the arrogance of people backing eugenics to list.

    Their ‘gentle’ message about environmental concern is a cover story for heavy handed centrally planned tyranny designed primarily with their interests in mind rather than the interests of people in general. Neo-feudal is the term often used. So, what would happen under the globalists’ plan is not a shared sacrifice. What bothers me most is the hypocrisy in these self serving leaders:

    Christine Lagarde, scourge of tax evaders, pays no tax
    http://www.guardian.co.uk/business/2012/may/29/christine-lagarde-pays-no-tax

    Stunning Pictures of Al Gore’s New $9 Million Mansion Media Totally Ignored
    http://newsbusters.org/blogs/noel-sheppard/2010/05/03/stunning-pictures-al-gores-new-9-million-mansion-media-totally-ignore

    Enough ranting – generally, it’s what is in one’s own heart that matters and we shouldn’t be so quick to give up our own ability to take action to improve the world as best we can. Your ideas about barter and trade sound reasonable. I expect that counterfeiting could be a problem with some of these alternative money systems.

    New form of barter introduced is measured in hours, created by locals
    http://www.puppetgov.com/2012/06/13/new-form-of-barter-introduced-is-measured-in-hours-created-by-locals/

  39. Jayme says:

    susan,

    If I may add one more hypocrisy concerning the environment and the oligarchs:

    Bank of America to Spend $50 Billion Fighting Global Warming; Got $45 Billion from Bailout
    http://www.breitbart.com/Big-Government/2012/06/12/Bank-Of-America-To-Spend-50-Billion-To-Fight-Global-Warming-Got-45-Billion-During-Bailout

  40. Youri Carma says:

    @John Robb

    “Gold is money. Everything else is credit.” : JP Morgan, testifying to Congress in 1912.

    Silver & Gold is the only money the elite rely on.

  41. Capt. Ray says:

    @ youri
    No vid of data rendering, yet.
    I drew something in Google SketchUp… in hineside not the best program to do anything (seriouse) in. A friend of mine is a engineer for Aerospace and cars. He uses Catia. He visited me, and called me an idiote for ‘even starting’ drawing with SketchUp. And rightfully so!

    Anyway, with this scale model I get a copy of what i drew in Rhino. What i then can do, somehow, get it into Catia and then… then pay someone 10k to tell me I have to work ön this and that”. Well, I ain’t got those 10k, so I have to do it old school! Try and error. I have one luck, i drew a displacement hull, pretty “straight foreward” stuff.

    Rendering a computer model is a long time from now. Now I have to figuere out how to put 7 wheights of 10kg on a 70cmx35cm piece of foam and have it rock on tiny little waves. [scale model 1:10]

    Step by step.

    :D

  42. LeadCondom says:

    NATO preparing vast disinformation campaign

    by Thierry Meyssan

    http://www.voltairenet.org/en

  43. John Robb says:

    Well Youri, that pretty much sums it up.
    http://www.youtube.com/watch?v=1hfjvNRlGww

    Yet my question to Max still stands unfrocked.
    http://www.youtube.com/watch?v=sIinDKN2iDM

  44. susan says:

    @Jayme

    You’re right, of course!

  45. Specky4eyes says:

    Susan, that is absolutely outrageous! The corruption just gets worse and nobody seems to be able to do a thing about it. As Nigel farage put it we have hit the iceberg and we are all going to sink. The only logical explanation for all of this is that it is deliberate sabotage. Once you cotton on to this everything starts to make sense. These people are driven by a Satanic madness of greed and hatred towards their fellow human beings and against God. I’m sick of this world. We deserve everything that’s coming to us. God help us. I think of all those poor people in Greece and elsewhere who have lost their homes, their livelihoods, they are hungry and in debt. Is their no pity. God help us.

  46. susan says:

    @Specky4eyes
    I assume you wear glasses? I do too!

    Don’t give up hope, I believe that their greed will be their downfall, and they will live in fear for the rest of their lives, or on the run. We the masses have right on our side, but it is important to be prepared for the worst (even if you look stoopid stockpiling food, where’s the harm?) and building our own communities around us. IMNSHO, the best thing for the masses IS the crash of the present financial system, so that their illusory power disappears overnight – no money, no security guards etc. Problem is if they implement another digital system shortly afterwards, but even then we can find ways round it. I will NOT be chipped and pinned.

    Courage, ma puce, courage!

  47. MirrorMirror says:

    Greenspan calls the Euro a “Mistake”

    Greenspan nennt den Euro einen „Fehlschlag“

    http://www.handelsblatt.com/politik/konjunktur/nachrichten/us-notenbank-legende-greenspan-nennt-den-euro-einen-fehlschlag/6748776.html

    Now pulling the Veteran Generals into the Currency War !
    ;-)

    .

  48. MirrorMirror says:

    @susan … JPM Tax Rebates

    One wonders whether the Tax Rebates will soon be bigger than the Tax Income ?

    First it was Food Stamps, now Tax Rebates …. what’s next ?

    A few years ago, a UK politician suggested that Employers should just pay the Gross Salaries directly to the UK-IRS, who would then deduct what they need and pass the rest on the the “Employee” … seriously !

    .

  49. Specky4eyes says:

    @ Susan. They’ll have to kill me to chip and pin me.

    It must be this weather. I shouldn’t let things get to me. I’m so glad this world is not my home. I agree with some of what you say but I fear this battle is a spiritual one and not just we the people against the elite. Knock out the corrupt elite and their will be another equally corrupt to take it’s place.

  50. kdt says:

    @Youri Carma i was reading that story too. is that as bad as it looks? that is a HUGE amount of textbook ‘malinvestement’of the type that comes right before REALY REALY bad things happen! the auto manufactures look to be the last ones piling in to a chinese market”bubble” that is already poping

  51. MirrorMirror says:

    @Youri ….”China’s Auto Dealers’ “Backs Are Broken” As ‘Channel-Stuffing’ Gets “Dangerous””

    Chinese dealership inventory levels have exploded from under 45 days to over 60 days supply as “dealers can’t shoulder the burden anymore… Their backs are broken”.

    Considering that Germany’s biggest Export Market for luxury German cars is in China, I wonder what impact that might have on the “strongest” European Economy ???

  52. MirrorMirror says:

    .

    Very good article on Spain from GOLEM ( as usual ) :

    The Eurofiscal Corruption Contest – The Spanish entry.
    http://www.golemxiv.co.uk/2012/06/the-eurofiscal-corruption-contest-the-spanish-entry/

    Goes into detail naming the “characters” involved … good research.

    .

  53. MirrorMirror says:

    .

    @ Susan. …. “They’ll have to kill me to chip and pin me.”

    You reminded me of Alexander Morris’s video from 2009 :

    CHIPPED FOR YOUR PROTECTION AND TAXED FOR ALL YOU’VE GOT
    http://www.youtube.com/watch?v=N_EbIu_TEOI&feature=channel&list=UL

    He predicted all the SHFT stuff over 5 years ago.

  54. MirrorMirror says:

    Malleus Mundi
    Finance is the Hammer of the World

    … and we are the NAIL ! :lol

    http://malleusmundi.com/2012/06/13/battle-for-the-euro-june-13th/

    Battle for the Euro: June 13th

    Meanwhile Iceland continues to point and laugh at the travails of the Eurozone

    http://malleusmundi.com/2012/06/13/battle-for-the-euro-june-13th/

    .

    FWIW

  55. MirrorMirror says:

    Spanish borrowing costs have hit a euro-era high of 7pc

    http://www.telegraph.co.uk/finance/debt-crisis-live/9330493/Debt-crisis-live.html

    Bye Bye Spain .

    How did those European Banking Stress Tests work out ? … from 1 year ago :lol:

  56. MirrorMirror says:

    .

    Debt and banking crisis – The Game so far :

    Locomotive-Spain €” ……. against the “Syndicate of Wall Street USA” : 0:4

    The whole Euro-zone is on the Gambling Table and fancies himself as the victim, apparently without being aware of this : The Europeans do nothing. They argue only about which member country has to pay as much in the casino when they win the game.
    One seems almost to be able to hear people in offices on Wall Street, laughing loudly.

    This is unbelievable, bizarre and surreal.

    http://www.querschuesse.de/schulden-und-bankenkrise-spielstand-„lokomotive-euro-spanien“-gegen-„spielgemeinschaft-wall-street-usa“-04/

    .

    @Wolferl …. that is the way it is !

  57. What-me-worry? says:

    If I can shoot rabbits……… http://www.youtube.com/watch?v=4LTZms54FXs

  58. Youri Carma says:

    @kdt

    Many people don’t realize that China is already suffering enormously from this crises. Last Chinese new-year for example many workers visiting their families didn’t have to come back to thr SEZ’s (Special Economical Zones) were there are a diffirent set of rules all together.

    But since China is still a top down controlled police state the total scope of this crises is censored and played down by the state controlled media. So recon that the situation is much worse as can be derived from pieces that come out of China.

  59. Youri Carma says:

    @What-me-worry?

    I like to kill me some fat ducks here in the neigbourhood and put them on my BBQ. But ofcourse in this fully domesticated nerd society that is frowned upon if not worse.

    Have to do that at in the dead of night.

  60. Youri Carma says:

    Dept. of Homeland Security to Release Bacteria in Boston Subway System http://www.youtube.com/watch?v=WdzraokvVso

  61. Bonn says:

    2045: A New Era for Humanity
    2020. In Russia and in the world appear — in testing mode — several breakthrough projects:
    Android robots replace people in manufacturing tasks; android robot servants for every home; thought-controlled Avatars to provide telepresence in any place of the world and abolish the need business trips; flying cars; thought driven mobile communications built into the body or sprayed onto the skin.
    2020-2025. An autonomous system providing life support for the brain and allowing it interaction with the environment is created. The brain is transplanted into an Avatar B. With Avatar B man receives new, expanded life.
    2025. The new generation of Avatars provides complete transmission of sensations from all five sensory robot organs to the operator.
    2030-2035. ReBrain — The colossal project of brain reverse engineering is implemented. World science comes very close to understanding the principles of consciousness.
    2035. The first successful attempt to transfer one’s personality to an alternative carrier. The epoch of cybernetic immortality begins.
    2040-2050. Bodies made of nanorobots that can take any shape arise alongside hologram bodies.
    2045-2050. Drastic changes in social structure, and in scientific and technological development. All the
    for space expansion are established.
    For the man of the future, war and violence are unacceptable. The main priority of his development is spiritual self-improvement.
    http://www.youtube.com/watch?v=01hbkh4hXEk
    LMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Hic ;-)

  62. Youri Carma says:

    Treasury To Sell 10 Year Bonds At Record Low Yield Two Hours After Fed Buys… 10 Year Bonds

    Where things get patently surreal, however, is when one takes a look at today’s POMO operation conducted by the Fed (remember those).

    Because as can be seen on the table below from the NY Fed, at 11 am today, so precisely 2 hours before when the Treasury will complete its own sale, bought $4.8 billion of… wait for it… 10 Year bonds.

    To summarize:
    At 11:00 am Fed buys $4.8 billion in 10 Year bonds
    At 1:00pm the Treasury sells $25 billion in 10 Year bonds
    Only in non-monetizing America, ladies and gents.

  63. Alf says:

    Cameron stumbling through evidence at the Leveson Inquiry today…

    http://blogs.telegraph.co.uk/news/files/2012/05/pinocchio-dave.jpg

    I think so…I’m not sure…what I can recollect…that’s not my understanding…
    I’ll check that…I’m not aware…wasn’t my decision…if anyone had told me…
    lessons are being learnt…we need to find a way…and on and on and on…

  64. gold bullet says:

    ”Assange extradition looms as UK court rejects appeal to reopen case”

    https://rt.com/news/assange-appeal-unsuccessful-extradited-728/

    So, the door is now wide open for Assange’s extradition to the USSA via Sweden…

  65. Jayme says:

    “The brain is transplanted into an Avatar B. With Avatar B man receives new, expanded life.”

    Yea, but they fail to mention that the brain still only functions well for around the life of the body and so you end up with a bunch of shriveled brain senile Avatar Bs running people over in their flying cars and forgetting what planet they live on. lol ;-)

  66. Lester says:

    @Max Keiser; sorry Max, you are wrong stating that money gets multiplied at every transaction. It’s not automatic, and certainly not instant. The newly borrowed money from a bank must be borrowed again i.e. “recycled” nine more times by new borrowers to get the 10x multiplier effect.
    But since banks are not lending to new borrowers, no new money is “created”, the nine more missing banks do not get new interest payments, therefore the bank only gets interest once by depositing its reserves at the Fed.
    If it was still multiplying as in times before, then banks would not be broke, borrowers would still be making interest payments, proving that there is productive activity in the wider economy and we would not have a crisis. It’s that simple, just follow the money.

  67. Youri Carma says:

    Jim Rogers on Fox Business News – 13 june 2012 http://www.youtube.com/watch?v=_XZNo_uTLY4

  68. MirrorMirror says:

    @Wolferl … 90% of 19,000 Finnish Votes say ….

    Finland should leave the monetary union.

    http://translate.google.com/translate?sl=fi&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.iltalehti.fi%2Ftalous%2F2012061315703169_ta.shtml

    .

    Enjoy … it’s translated into English.

  69. MirrorMirror says:

    .

    Verhofstadt – more failure is the answer !

    http://www.youtube.com/watch?v=FafZegHEgcA&feature=g-u-u

    2 mins.

    He even has the nerve to mention Monnet’s name as well !
    Sheesh !
    .

  70. Happy Dick says:

    Ordering a Pizza in 2015 … lmao
    http://www.aclu.org/pizza/images/screen.swf

  71. kdt says:

    @lester my understanding is that this “daming” efect WILL not hold and in fact all it is doing is building up perssure as the central banks WANTED and DESPRATLY needed those other 9 hypothications to happen and just like the tards that pushed the “enter’ key multipul times when there sales werent instantly confirmed on faceplant* day (any one who deals with comps and software should have understood what was happening and not made it WORSE by piling more instructions on to a system experencing a trafic over load) SAME THING HERE the nessery “velocity” is not there to create the hyperinflation that SHOULD have already started this does NOT mean that velocity will not happen just that it hasen’t yet , big difrence there! (* HOW DID I MISS THAT PEFFICT SYMILE FOR THE ‘FACE BOOK IPO oh well better late than never)

    @ALL corect me if im remembering this wrong BUT there has built up over the last few years a “CASH GLUT” not just in greece but world wide so, as of right now those euros ars gaining “velocity” and even at the volume we now see in greece , spain and one would assume italy it will take a wile for that GLUT to drain in to circulation and become a ” clasic ” bank run so this is eather the burning fuse or the accual event of the predicted “hyperinflationary period” as bills get payed and suplys bought thost euros are NOW accumulating on the asset side of the banks ballance sheeets and in the bank accounts of busnesses so in THIS iteration the “printing press” is an ATM MACHINE and every withdrawal a pull on the triger of biazzi’s ass backwards pistol!

  72. Specky4eyes says:

    Youri, here is something to help you cook that duck if you run out of charcoal after the crash.
    http://www.youtube.com/watch?v=u2GgnWSnQtA&feature=fvwp&NR=1

    I’m gonna make one of these. Fuel is going to be at a premium for us little people. Susan, this might be part of your prepping too.

  73. Chervonets says:

    Announcement – 21st June 2012 – St Petersbrug economic forum 2012

    10:15 – 11:00 pavilion 5 – Lloyd Blankfein on The Financial Sector and the Changing Global Economy

    11:45 – 13:00 pavilion 4 – Max Keiser on European Crossroads; Post-Crisis Scenarios
    I think that people in former Leningrad won’t be happy to learn about the fourth Reich

    http://2012.forumspb.com/bfx-cc/system/uploads/program_list_attr/program_file_en/1/program_view_eng_140617.pdf

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