Libertarianism or Sharia Law, You Decide
August 1st, 2010 by
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I was struck how everything being endorsed in this video; gold, abandonment of paper money, the evils of inflation and the need to preserve purchasing power are right out of the Libertarian and Austrian Economics playbook – except it’s about Islamic Sharia Law. War on terror? Or war on purchasing power . . .
PMF Fund Blog: How To Talk American Using The Four Golden Repudiations
August 1st, 2010 by
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As an American living in Europe, I am often asked to explain American political debates. My advice, learn the four golden repudiations to decode the self-serving contradictory stream of hokum, lies, racism and hatred that substitutes for public discourse in the toxic land mass squeezed between Canada and Mexico. . . more
(Comments open at PMF)
Carbon Tax Thread
August 1st, 2010 by
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Stacy Summary: A thread for links to information on carbon taxes being paid right now, today just by Americans.
Of the $1 trillion military budget, I see figures for the total amount allocated to securing oil as between $55 billion and$103.5 billion per year.
Cost of Strategic Petroleum Reserve annually: $5.7 billion
There is now the Pickens’ natural gas subsidy of $3.8 billion; also the $5 billion that Home Depot believes will help it, but at least this money is going toward improving efficiency
There is the $35 billion subsidy that Bernie Sanders tried to have removed last month, but that was defeated; here is Rex Tillerson arguing against cutting the subsidies:
Tillerson’s company paid zero taxes in the US in 2009 (they did taxes to overseas governments) and apparently collected a rebate
I haven’t added any of the costs of Afghanistan and Iraq; I think, however, we can safely put most of the cost of Iraq into the carbon tax list.
Dancing with Myself Jibber Jabber
July 31st, 2010 by
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Stacy Summary: In honor of Sumner Redstone NOT making death threats against the source of the story that Sumner was trying to force MTV to make a reality tv show around some young girl he allegedly fancied; here is a video from the very first months of MTV. Anyone here alive and/or old enough to remember those first months (for those who weren’t yet born then, here is a 3 hour stream from 1983 for a laugh), may recall that Billy Idol was one of THE big stars created:
[1154] The Truth About Markets – London – 31 July 2010
July 31st, 2010 by
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Stacy Summary: Here are some of the articles I refer to: The Aftermath of the Global Housing Bubble Chokes the World Banking System. Market Ticker for charts on US GDP. Story on the BIS Gold Swap Update
For more download & listening options, visit Archive dot org
Tags: gdp · housing bubble · london · max keiser ·stacy herbert · truth about markets60 Comments
Why no two minutes of hate for Republican billionaire T. Boone Pickens?
July 31st, 2010 by
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Stacy Summary: An energy bill passed the US Congress this past week which will enrich Republican donors, T. Boone Pickens and Home Depot. Not one single peep on this site from anyone let alone those who expend a HUGE amount of oxygen spewing hate for Al Gore. If there had been a genuinely principled argument against someone, like Gore, earning money off energy policy, then the same should hold true for Pickens and Home Depot. The fact that there hasn’t been, suggests to me that those doing the hating of Gore are really either having their angst directed by an outside force or are merely a partisan in the fake left/right debate who don’t mind the principle of profiting off energy policy if the correct ‘team’ is winning. If the mighty Al Gore can’t even win where T. Boone wipes the floor, it’s really getting difficult to believe all the emotion for Gore’s alleged superpowers is real.
T. Boone Pickens, the billionaire energy hedge-fund manager [SH - and Republican donor], and Home Depot Inc., [SH - 71% of their donations went to Republicans] the largest U.S. home-improvement retailer, are winners in energy legislation that fails to help solar-panel and wind-turbine makers.The measure proposed yesterday by Senate Democrats would give Pickens victory in his lobbying campaign for more use of natural gas, providing $3.8 billion in rebates for cars and trucks powered by the fuel. Home Depot would benefit from provisions to channel $5 billion in rebates to homeowners who upgrade to more efficient appliances or add insulation that reduces energy use.. . . . Absent from the measure were limits on carbon dioxide or requirements that utilities add solar and wind power to their portfolios.
Here’s the video, so where’s the hate for billionaire T. Boone’s profits:
[OTE65] On the Edge with Jim Willie
July 31st, 2010 by
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Stacy Summary: With guest, Jim Willie of the GoldenJackass.com
PirateMyfilm: New Project – Addis Abeba (ADDIS)
July 31st, 2010 by
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Wildfires, rising debt, debunking productivity & GDP
July 31st, 2010 by
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Stacy Summary: I thought Russia was supposed to be the big beneficiary of global warming? The last two articles really go hand in hand in demonstrating the dangers of command and control, corrupt government statistics meant to trick the bond market and make the consumer (formerly known as citizen) feel better about shopping. And note that the US is the only developed nation to hedonically adjust their GDP numbers and yet over and over analysts and also the citizens of the US believe that because their GDP numbers, as stated, are higher than the rest of the world, they are the BEST!
- Russia’s wildfires have gotten so bad, Putin has been put in charge (BusinessInsider)
- Wildfires break out in Los Angeles (BusinessInsider)
- Japan: Land of the Rising Debt (ZeroHedge)
- Debunking the notion that unions hurt productivity(Naked Capitalism, summer rerun of 2007 article)
- Karl Denninger’s charts demonstrate massive delusional reporting of GDP numbers in US
July 30th, 2010 by
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Stacy Summary: This book sounds interesting,Neoconservatism: An Obituary for an Idea. Rupert Murdoch’s Fox News, of course, gives these guys so much air time to indoctrinate Americans into their quasi fascist cult. Here’s one source of info on who’s who in neoconservatism. Here isRon Paul’s speech, “Neo-Conned”. I can think of no other group in the world that has done so much to destroy America as the neoconservatives. Their members are the primary architects of the wars currently bankrupting the nation (not to mention, murdering tens of thousands around the world) and of the legal and cultural arguments for ridding Americans of most of the Constitutional rights on which the nation was founded. And it is because of this fascist movement that the whole left / right, Red State / Blue State exists as the orchestrated Straussian sideshow it is. Prior to the neocons becoming the Republican party, there was at least a more genuine liberal / conservative choice and debate. Now you just have Big Government Dems and the even Bigger Government Republicans.
Wheat Rises to 14 Month High on Record Heat in Russia & Excessive Rain in Canada
July 30th, 2010 by
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Stacy Summary: You can’t defraud nature. We can try to throw all the fractional reserve, fiat trickery at it, but the true cost will always be charged. Wheat prices rise to 14 month high as 32 pc of Russian cropland devastated by record high temperatures & Canadian crops damaged by ‘excessive rain.’
Tags: canada · prices · russia · wheat35 Comments
Max Keiser on HuffPost: France’s Existential Debt Crisis
July 30th, 2010 by
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As long as interest rates stay near zero the debt expansion cycle — masked as asset sales — will continue to grow and the interest costs associated with these debts will continue to make up a greater percentage of GDP. Naturally, the government’s plan to pay the additional interest cost is to borrow more money.
Tags:49 Comments
Pre-Crime, Future Crime [Updated]
July 30th, 2010 by
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Stacy Summary: Convergence of global police state following the sci-fi script to the word. Re: the second story, I included quotes that support my hypothesis that the intelligence services are looking for crowd-sourced analysis.
- Russia to give security services powers to arrest people for crimes they have yet to commit
- Google and CIA invest in Recorded Future (h/t all who linked to this)
Choice quotes.
First this one that could have come from Sumner “We’re not going to kill him” Redstone:
This appears to be the first time, however, that the intelligence community and Google have funded the same startup, at the same time. No one is accusing Google of directly collaborating with the CIA
And this:
America’s spy services have become increasingly interested in mining “open source intelligence” — information that’s publicly available, but often hidden in the daily avalanche of TV shows, newspaper articles, blog posts, online videos and radio reports.“Secret information isn’t always the brass ring in our profession,” then CIA-director General Michael Hayden told a conference in 2008. “In fact, there’s a real satisfaction in solving a problem or answering a tough question with information that someone was dumb enough to leave out in the open.”
**Update**
And if you can’t even prove you don’t owe zero cents, how can you prove you weren’t going to commit that crime they ‘predict’ you were going to commit? Comcast threatens to cut off service unless customer pays the $0.00 he owes
**Update 2**
**Update 3**
Tags: cia · fbi · fsb · future crime · google · howard zinn · pre-crime · russia111 Comments
untimely death of (another) Resonance104.4fm contributor
July 30th, 2010 by
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Dear all,
It is with dismay that we pass on the news of the death of Resonance104.4fm contributor Simon Bannister. As “The Pooh Lord” he made the highly idiosyncratic song cycle “Cyber Chutney Arse Duck” for us a few years back. A talented guitarist and poet with a wild sense of humour and finely honed skills as an arranger and producer, he seemingly took his own life.
Our condolences to his family and friends.
A repeat of one of his shows went out this morning and I imagine we’ll run the whole series some time over the summer as a testament to his singular artistry.
Yours
Ed
–
Nominee, Sony Radio Academy Awards 2010 “Station Programmer of the Year”
Runner-up, PRSF New Music Award 2008
As featured in the Independent on Sunday’s Happy List
Ed Baxter
programming director
Resonance104.4fm – winner of the Radio Academy’s Nations and Regions
Tags:5 Comments
[KR64] Keiser Report – Markets! Finance! Movies!
July 29th, 2010 by
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Stacy Summary: We look at the latest scandals of the enemies of box-office futures, the octogenarian issuing threats and Goldman: the Movie, starring Divine? Or Tony Blair? In the second half of the show, Max talks to fund manager Michael Krieger about the dangers of a failed presidency.
As Predicted: Online Gambling Will Be Approved. Casino-Gulag Economy Transformation Almost Complete.
July 29th, 2010 by
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Americans will soon by subsistence-clicking and gambling food stamps for game credits on Zynga gaming and virtual currency provider; fully convertible into dollars at 7/11 for individual slices of processed cheese.
Financial Regulation Dies. Jeff Skilling of Enron Reborn.
July 29th, 2010 by
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Convicted ex-Enron Corp. Chief Executive Officer Jeffrey Skilling, claiming a June U.S. Supreme Court ruling entitles him to a new trial, asked an appeals court to release him from prison on bail while he pursues an appeal.
Deflation Is Here
July 29th, 2010 by
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The Oil Drum Responds to Matt Simmons’ Claims About Gulf of Mexico Spill
July 29th, 2010 by
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Stacy Summary: I know there has been much interest and many questions re: the Gulf of Mexico spill, especially in relation to the many statements from Matt Simmons (who is short BP). Here the Oil Drum responds to the statements in an excellent piece.
PirateMyfilm: Mr. Max Keiser, We Greeks, LOVE YOU!
July 29th, 2010 by
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Mr. Max Keiser,
We Greeks, LOVE YOU!
We have organized a large internet movement against IMF and corrupt government
http://www.getgreeceback.com/
Part of this website is available in English
* In 10 days over 35.000 signed!
* 50 Greeks are working on the project 24/7
* We translated our petition in 14 languages!
* Over 75 blogs joined us
* We have a video on our website explaining the movement (in English too!)
I’am one of the founders (Unemployed 35 years old web designer with a little daughter ..7 months old)
Please support us! Comment our movement on youtube. We love you! Help us get rid of the IMF. My country is dying ! None of our famous journalists helps us….why?
Russia’s Drought Raises Bondholder Risk
July 29th, 2010 by
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Stacy Summary: I do laugh when shriekers and employees of the House of Saud drop by, “stick to finance, babe, don’t write about climate change.” As if the two can be separated.
High temperatures, which rose to a record 37.4 Celsius (99 Fahrenheit) yesterday in Moscow, have damaged 32 percent of land under cultivation and forced Russia to declare states of emergency in 23 regions. Grain prices may double this year because of the drought, according to the Grain Producers’ Union.Inflation may quicken to 8.1 percent by the end of December, compared with the government’s annual forecast of 6 percent, according to Yaroslav Lissovolik, Deutsche Bank AG’s head of research in Moscow. That will put pressure on Bank Rossii to raise its benchmark rate by year-end for the first time since December 2008, said Natalia Orlova, Moscow-based chief economist at Alfa Bank.Higher rates “may cause a correction in short-term sovereign bonds and, later, in long-term sovereign bonds,” said Evgeniy Nadorshin, senior economist at Trust Investment Bank in Moscow.
Peat fires cover Moscow in smoke (photo from Nasa)
PirateMyfilm: Richard Bluestein on Board to Direct/Edit “Inflationist vs. Deflationist” (EDUEL)
July 29th, 2010 by
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Richard Bluestein in now on board to direct/edit this project. The format is for each economist to answer 10 questions supporting their thesis. These will then be cut together into a mashup and posted to YouTube.
Both Steve Keen and Peter Schiff have agreed to participate in this. A bit of a delay – for the next two weeks, Peter is focusing on his senatorial campaign (if you live in CT. I suggest you vote for him).
PirateMyfilm: “Inflationist v. Deflationist - Peter Schiff v. Steve Keen” (EDUEL)
Note: The project is over-subscribed by over 250%. If you can’t reserve shares in this project, you might want to consider Richard’s other PMF project: “The Chicago Way” (CHICA)
[1153] The Truth About Markets NZ – 26 July 2010
July 28th, 2010 by
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Stacy Summary: The Truth About Markets New Zealand. Wikileaks. Totalitarianism. Afghanistan. Spying on your neighbor. And more.
For more download & listening options, visit Archive dot org
July 28th, 2010 by
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Stacy Summary: We look at the latest scandals of fetishes for black swans; American youth unconcerned by the coming collapse of their Social Security they bought and paid for; Tony Blair’s 2007 photo op with Colonel Gaddafi and the farting camels of Tripoli. In the second half of the show, Max talks to Ned Naylor-Leyland of Cheviot Asset Managementabout the silver market.
PirateMyfilm: Pirates Increasing Film Industry Profits
July 28th, 2010 by
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July 28th, 2010 by
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Stacy Summary: We’ll get a lot of shrieking newbies for posting this, but here is Bloomberg piece on the doubling of environmental accidents in China in first six months of the year including a chemical spill that killed enough fish to feed 72,000 people for a year. **Update** China’s Three Gorges dam close to limit as ‘once in 10,000 year flood’ continues
Max Keiser – The Market is a Hologram Masking Deflation
July 27th, 2010 by
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It is my thesis that the inflation, deflation debate is flawed because we no longer have reliable price signals. The overwhelming domination of program trading on various exchanges has fundamentally changed the way prices are created and represented in the economy. All ‘efficient market’ theories are dead. [Read more →]
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