Friday 9 July 2010


[1144] The Truth About Markets London – 03 July 2010

July 3rd, 2010 bystacyherbert
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For more download & listening options, visit Archive dot org

[OTE61] On the Edge with Greg Hunter

July 3rd, 2010 bystacyherbert
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Stacy Summary: In this week’s On the Edge, we talk toGreg Hunter of USAWatchdog.

[Read more →]

If it quacks like a welfare duck, then it probably is a welfare duck

July 3rd, 2010 bystacyherbert
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Stacy Summary: The US Congress refused to pass an extension of unemployment benefits to over a million Americans because they were “opposed to adding another $33 billion to our $13 trillion mountain of national debt.” A few days later, they agree to spend $30 billion on an escalation of killing and occupation.

American politicians, usually of the Republican persuasion, speak often of the evil that is ‘socialism’ in Europe is for its welfare state. But if it quacks like government spending, it is government spending. And the US government spends, as we all know, more than the rest of the world combined on war. Domestically, it keeps with this same theme of violence against others and depriving them of their liberty as a favored means of welfare spending. In Europe, the government attempts to provide more rights than it can afford; but in the U.S. the government attempts to take more rights than it can afford to.

Check this report out on the high cost of US incarceration of its population, the highest in the world on a per capita basis. Bizarrely, the above-mentioned welfare war machine is sold to the population as a means of liberating others around the world who we are told are unfree. And yet, here is the US incarceration rate compared to other OECD nations:

From MaxKeiser.com Images

And here is the US compared to the other top ten incarceration nations:

From MaxKeiser.com Images

And here is just the US incarceration rate going back to 1880:

From MaxKeiser.com Images

What happened from early 1970′s? Did the American population suddenly go wildly violent? Was it something in the water? Here is the incarceration rate since 1960 against the rate of crime:

From MaxKeiser.com Images

Nope, I don’t think it was something in the water. I think it was something in the currency. There is no way the U.S. could have afforded so much fear, war and incarceration if it were not for the abandonment of the gold standard.

Here is Alan Greenspan in 1966, before the US dropped the gold standard and before he became an apologist for units of fraud as currency:

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth.

It doesn’t matter whether that deficit spending is in the name of providing benefits to certain people in society or depriving certain people of benefits. It is still confiscation whether done in the name of aggression or in the name of benevolence.

This brings me back to the European social welfare state that provides more health, pension, childcare, etc than it can afford. The financial crisis is, according to some analysts, forcing Europeans to rethink their way of life:

In the ashes of Europe’s debt crisis, some see the seeds of long-term hope.

That’s because the threat of bankruptcy is forcing governments to implement reforms that economists argue are necessary to help Europe prosper in a globalized world – but were long viewed as being politically impossible because of entrenched social attitudes.

Changes such as making it easier for companies to fire workers or stare down unions were until recently dismissed as simply not being the “European way.” Similarly, many were skeptical that European governments would or could tackle bloated public payrolls, trim entitlements or force people to retire later.

Is there any discussion on changing the “American way” of welfare: war and incarceration? I think not.



The Sinking Ship Killing Americans for Fun & Profit [UPDATE]

July 5th, 2010 bystacyherbert
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Stacy Summary:   Part of the collapsing empire story and continuation of the theme that government spending for restricting liberty, dignity and life for others is somehow less problematic than spending on helping the poor, unemployed, sick, etc.

**UPDATE**


The universe as photographed by Planck telescope

July 5th, 2010 bystacyherbert
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Stacy Summary: Pretty cool.

From MaxKeiser.com Images


Cost of British Royal Family to Taxpayer Drops by 10%

July 5th, 2010 bystacyherbert
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Stacy Summary: Deflationary monarchy costs taxpayer only 62p per year.

His name was RICO, he wore a diamond

July 4th, 2010 bystacyherbert
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Stacy Summary: Been thinking of RICO often these days.



Get your hotdogs and hand grenades

July 4th, 2010 bystacyherbert
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Stacy Summary:   Funny to celebrate an ‘independence’ day that was all too brief and only for a select few. Today, of course, most are dependent on debt and the kindness of strangers to roll over that debt. And our only industry is of the complex military and flipping burger sort. But hey, we came so close. I know, I know, close only counts in horseshoes and hand grenades. So . . . what are you doing today? Max and I will have to wait for 14th July for our fireworks display, but we are having a picnic in the park with some other expats; quite appropriate considering the Revolution was hatched here in Paris.

From MaxKeiser.com Images


Vote Now for Sea Shepherd in eBay’s Contest!

July 4th, 2010 bymaxkeiser
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Financial Terrorist Playing Cards Now Available to Order

July 4th, 2010 bystacyherbert
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Stacy Summary: @jischinger has made this awesome deck of financial terrorist playing cards and they are now ready to order! You can see samples of some of the cards here.

From MaxKeiser.com Images

From MaxKeiser.com Images


Currency Wars and Fugitives from Justice

July 4th, 2010 bystacyherbert
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Stacy Summary:  Excellent piece from Jesse’s Cafe Americain.   We’re already seeing this . . .

The oligarchs have ruined the US. They will now seek to subtly starve the middle and lower classes to pay for their bonuses, and will resist every effort to repeal the absolutely irresponsible tax cuts enacted during the administration of their chosen candidate G. W. Bush, and the setup to divert reform through their stalking horse, Barrack Obama. They will speak out of both sides of their mouths. Unemployment insurance, Social Security benefits, and pensions are bad, and their unfortunate recipients lazy, stupid and expendable, but the keeping ill gotten gains, enormous fortunes obtained through fraud and paying little or no effective taxes on them, is a requirement for economic recovery. There will be many useful idiots well outside the circle of power who will agree with this injustice, and vehemently attack the unfortunate in society because of a combination of character flaws, usually selfishness, emotional immaturity, and just plain meanness. It is how it always is. Most Gestapo informants were actually neighbors, bearing petty grudges and spites, not realizing the damage they were doing to real people.


40% Doomsday Spending Cuts for Britain?

July 4th, 2010 bystacyherbert
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Stacy Summary: h/t @Mike/Liverpool.  Max did say this would happen, that is, that after announcing the 20% cuts, Cameron would soon be back with deeper cuts.  Your thoughts?  And do you think a little inducement to patriotic fervour might be coming next as per Dylan Grice’s observation that war just might help a little austerity go down.


[1145] The Truth About Markets USA – 03 July 2010

July 3rd, 2010 bystacyherbert
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Stacy Summary: Found this online; will look for the remaining files. Also, we will be putting this rss feed in the sidebar.







BIS- IMF Looting Sovereign Wealth, ‘Biggest Gold Swap in History’

July 6th, 2010 bystacyherbert
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Stacy Summary: h/t MirrorMirror for this article on the BIS/IMF gold swaps. @snoot – it’s being done in the name of SDR’s.

RIP Zapata George

July 6th, 2010 bystacyherbert
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Stacy Summary: Thanks @Danny for sending me the news about Zapata George who died this past weekend. He was a very good online friend to me and we talked often on skype, he certainly always made me laugh. I had been worried about him lately as I hadn’t heard from him. Here he is interviewing Max on his radio show last year:

Ron Paul and Barney Frank Call for $1 Trillion Cuts in Military Spending

July 6th, 2010 bystacyherbert
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Stacy Summary: As is so often the case, Ron Paul is the one ‘Republican’ who avoids silly partisan hackery to call for military spending cuts like this. Whether the rest of the War Party (that’s the one single party under which both the Red Team and Blue Team operate) will support it or whether the War Machinery operatives like the NY Times or Washington Post will will stop terrorizing the taxpaying population on behalf of the MIC with stories of existential threats emanating from faraway caves and imaginary desert bunkers is another thing . . . (P.S. – One trillion over ten years is many trillions too little and many years too late; but it was worth a try. Afraid it’s the Soviet Way from here, not too long from now).

[KR57] Keiser Report! – Markets! Finance! Drunk Brokers! Obscene Bankers!

July 6th, 2010 bystacyherbert
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Stacy Summary: We look at the latest scandals of American newspapers that rebrand torture as ‘waterboarding’; Timmy Geithner’s unwitting junk bond buyers; and, bailed out American banks financing Mexican drug lords. In the second half of the show, Max talks to lawyer, Luc Saucier, about building a case of obscenity against the banks.

Did American Anti-Gay Evangelicals Inspire Beheading of LGBT Activist in Uganda?

July 6th, 2010 bystacyherbert
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Stacy Summary: Sad story; I had my eye on this story since reading the article in the New York Times in January.  How are the American evangelicals in Uganda any different from other extreme religious groups that inspire beheadings?

Last March, three American evangelical Christians, whose teachings about “curing” homosexuals have been widely discredited in the United States, arrived here in Uganda’s capital to give a series of talks.

The theme of the event, according to Stephen Langa, its Ugandan organizer, was “the gay agenda — that whole hidden and dark agenda” — and the threat homosexuals posed to Bible-based values and the traditional African family.

For three days, according to participants and audio recordings, thousands of Ugandans, including police officers, teachers and national politicians, listened raptly to the Americans, who were presented as experts on homosexuality. The visitors discussed how to make gay people straight, how gay men often sodomized teenage boys and how “the gay movement is an evil institution” whose goal is “to defeat the marriage-based society and replace it with a culture of sexual promiscuity.”

Gulag Casino Britain – Big Budget Porn Film Shot on Location in London Hospital

July 6th, 2010 bystacyherbert
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Stacy Summary: Only Max Keiser predicted this sort of stuff. Poor old men in the hospital, if the superbug doesn’t kill them then a heart attack induced by super*&^%y will!

Toothless stress tests and SAFE dollar losses

July 6th, 2010 bystacyherbert
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Stacy Summary:  More headlines from fantasyland:

No Freedom From Market Manipulation on Independence Day

July 6th, 2010 bystacyherbert
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Stacy Summary: Great job by Karl Denninger here. And h/t Giuseppe Bagodonutti.



[Video] Alleged Spy Max Keiser

July 5th, 2010 bystacyherbert
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Stacy Summary: Clip from tomorrow’s episode of Keiser Report.



New generation in China rejecting slave labor, just as Americans embracing it

July 5th, 2010 bystacyherbert
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Stacy Summary:  If you needed any more sign of transfer of wealth and power from one nation to another:

  • China’s new generation of labor won’t accept slave labor

    • “(This is) a new generation of migrant workers,” said Liu Kaiming, executive director of the Institute of Contemporary Observation, a privately funded group in Shenzhen that focuses on labor issues. “They are more willing to speak out about their grievances and are less tolerant of long hours and tough conditions than the older generation.”

    …

    “The rights mentality of younger workers is much stronger than past generations,” said Wen Xiaoyi, a researcher at the China Institute of Industrial Relations in Beijing. “The older workers tell you they feel a sense of loyalty to the company, but they also say that younger workers have a completely different attitude and higher expectations.”

Meanwhile, as we reported recently that with the young of America:


. . . demand for virtual rather than real wagesis more common among younger workers.

“There will be a whole new generation of kids growing up who won’t really see the difference,” he said.

Heatwave Jibber Jabber

July 9th, 2010 bystacyherbert Respond

Stacy Summary: It’s hot in London. It’s hot in Paris. Is it hot for you?


[KR58] Keiser Report – Markets! Finance! Monarchy!

July 8th, 2010 bystacyherbert Respond

Stacy Summary: We look at the latest scandals of groveling monarchs, democratic politicians calling their taxpayers hobos and stray animals and BP and Goldman as targets of RICO. In the second half of the show, Max talks to journalist Teri Buhl about Timothy Geithner, RICO and more.



Guest Post: The Rats are Cornered

July 8th, 2010 byMichael Krieger Respond

Be the change you want to see in the world. - Mahatma Gandhi

Back from the Road

I have just come back from a 40 day road trip across the United States of America.  It was without a doubt the single best experience of my life on every level imaginable.  I recognize how hard such a trip is for most people given individual circumstances but at some point in life if possible I would highly recommend doing something similar.  It was a total game changer for me. 

I started Memorial Day weekend and went from NYC to Philadelphia, Pennsylvania then on to  Alexandria, Virginia;  Bedford, Virginia;  Asheville, North Carolina;  Nashville, Tennessee;  Memphis, Tennessee;  Clarksdale, Mississippi; Shreveport, Louisiana (not recommended unless you live on the East Texas border and have a gambling problem); Dallas, Texas;  Sweetwater, Texas; Alamogordo, New Mexico (White Sands);  Santa Fe, New Mexico;  The Grand Canyon;  Sedona, Arizona;  Las Vegas, Nevada;  Mt. Zion National Park, Utah (where my brother got married); Bryce Canyon National Park, Utah;  Salt Lake City, Utah;  Jackson, Wyoming (Grand Teton National Park); Yellowstone National Park, Wyoming;  Bozeman, Montana;  Mt. Rushmore/The Badlands, South Dakota;  Omaha, Nebraska (home of the sellout and recent propaganda mouthpiece Warren Buffett);  Indianapolis, Indiana;  Harrisburg, Pennsylvania;  Montauk, New York.               [Read more →]

Paul, the Psychic Octopus, Receives Death Threats

July 8th, 2010 bystacyherbert Respond

Stacy Summary: Germans are scapegoating poor Paul, the Psyhic Octopus

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[1146] The Truth About Markets NZ – 07 July 2010

July 8th, 2010 bystacyherbert Respond

Stacy Summary: Oops, forgot to post this yesterday. It’s just too hot to think clearly!

For more download & listening options, visit Archive dot org

Janet Tavakoli: Should Taxpayers Continue to Subsidize Goldman Sachs’s Alleged Obscenity?

July 7th, 2010 bymaxkeiser Respond

Keiser Report Teaser: Ecological Holocaust Cover-up

July 7th, 2010 bymaxkeiser Respond


Cash for gold scam! BIS giving cash to European banks in exchange for their gold holdings

July 7th, 2010 bystacyherbert Respond

Stacy Summary:   Unbelievable, truly unbelievable.  Wonder why the BIS is taking the gold as collateral from the European banks rather than just a paper promise?  Don’t the BIS know they can’t eat gold?

European commercial banks have begun using their holdings of gold to raise cash with the Bank for International Settlements, in a further sign of strains in the money markets on which many rely for funding.
The BIS, the so-called “central banks’ central bank”, took 346 tonnes of gold in exchange for foreign currency in “swap operations” in the financial year to March 31, according to a note in its latest annual report.
In a gold swap, one counterparty, in this case a bank, sells its gold to the other, in this case the BIS, with an agreement to buy it back at a later date.
In the past the BIS has occasionally engaged in gold swaps.
There has been no mention, though, of any such operation in recent years.
. . . .
The BIS annual report says the gold received in the swaps was held “at central banks”.

The swaps are being blamed for gold crashing as seen in this gold chart:


Sovereign Debt: The Death of Nations vs. the Wealth of Nations

July 7th, 2010 byDamon Vrabel Respond

The gap between the truth vs. the lies that pass for truth in the media has never been so wide.  But living a lie is very destructive, so it’s important to cross this gap.  Today I want to clear up one of the most important lies reinforced by the media–the idea that we have sovereign countries.

No doubt most of you have heard of the sovereign debt crisis that so many countries are facing.  We hear endless economists, reporters, and billionaire hedge fund raiders talk about it.  But the phrase they use is fictitious.  It is a fabrication of the Ivy League, Wall Street, and erudite periodicals like the Financial Times of London.  Sovereign debt is an impossibility.  It cannot exist. [Read more →]

Welfare checks for America’s rich, hobo-dom for the rest

July 7th, 2010 bystacyherbert Respond

Stacy Summary:  A Brit’s observations on America, Hobos and Welfare for America’s Rich.   Interesting piece from a conservative paper, but, from what I can tell, it is a very rare event in history that fury at such enormous injustice gets directed at the appropriate party.  What are your thoughts on this piece from Ambrose Evans-Pritchard?

But once welfare has been deployed so generously for the rich, it cannot be denied so easily for the poor. This was the Faustian Pact.
Republicans on Capitol Hill need to think long and hard about the nature of the contract they signed, and the language they now use. Otherwise American society risks splitting ever more bitterly into opposed camps.



Posted by Britannia Radio at 11:44