Mish on Malfunctioning Bureaucrats, Gold's Recent Decline and Chinese Chicken Feet!

[pttike1981]

Love her Boobs

[yougottabekiddinmee]

Mish supports Ron Paul.

so do I

RP 2012

[hhhaaa68]

Fed and American government think that they are smarter than anyone else. It will deemed to be a failure of themselves. You got burned by playing with fire.

[jonahfox]

Hit that ass

[shankyxyz]

lauren marry meeeeeeeeeeeeeeeeee

[ytgv3fc7]

@davincij15 clearly the Eurozone needs to switch to bitcoins!

[Avoman202]

The future is murky....or worse :<

[mrzack888]

what toby maguire will look like in 25 years.

[mrzack888]

that moron Peter Schiff got exposed once again for his FAIL predictions.

[mrzack888]

take dat blouse off lauren.

[izuaff04]

Lauren's mouth is so cute.......

[PSYCHOLOGYZOOM]

NIce job MIsh!

[PastorDowell]

Lauren actually does a very good job. I like this much better than CNBC and FOX Business. She is the best in her period.

Thank you RT

Pastor Dowell

[twerthan]

Stop including the producers' comments! They dramatically drop the quality of the show!

[GotYarbles]

Nice job

[Shifty4L]

is she hot or what !

[morfeeene]

@PrismaMD , yes, his hair is falling out.

Mish, just shave your head.

[bweazel]

Ok. Shannon is unfired.

[ashtavideo]

Who gonna explain gold and silver resent fell down? Lauren, please invite somebody who can talk about it and make some predictions as well.

[RTProducer]

@ashtavideo we already have a number of high profile guests in the precious metals space slated for interviews over the coming weeks including Mike Maloney and James Turk to name a few.

[mamboero]

@RTProducer Excellent news! Thanks a lot for that and keep up the good work

[1977Melville]

@RTProducer. You may want to consider scheduling Michael J. Panzner and Doug Casey too. They saw the mess coming also.

[RTProducer]

@1977Melville I will look into that thanks

[Robonza]

@RTProducer Kyle Bass makes for an awesome interview. Charles Biderman is not too bad either.

[optionsupdate]

smoot hawley were worse people in america

[optionsupdate]

i think gold fell because of Elizabeth taylors jewelery being auctioned, the massive influx of new inventory into precious metals market caused the collapse.

[gavinjengel]

Mish seems a bit out of control today...

[arr4gtr]

Lauren is f'n smart. No one else interviews economists with the presence that she does... responding to responses with questions that actually define the economist's positions.

[1977Melville]

@arr4gtr. Agreed, she makes Bullshit Bartiromo and Bazooms Claman look like amateurs.

[morfeeene]

@arr4gtr , smart + sexy

[ReviewsByErik]

Nice work, cameraman.

[alexeireyes]

I beg to differ with the comment that the US did not engage in QE3. They did back in August 2011. The M2 supply shot up after Mr. Bernake made an announcement that he would keep rates low. The sharp increase in M2 is a sign that the FOMC did intervene in the market in a manner that is essentially QE3 sugarcoated with a different euphemism that the Fed conjures up.

[bullshit3118]

@alexeireyes Was that my comment? I agree with everything you said, not the contrary.

[CapitalAccount]

@alexeireyes M2 can rise without a single extra dollar being printed by the Federal Reserve. If you want to know if there is QE, all you have to do is look at the balance sheet of the federal reserve

[wooyooing]

@CapitalAccount wait a sec, we can look at the balance sheet of the federal reserve? I through they wouldn't even allow people to audit their balance sheet. what's the website to read their balance sheet?

[RTProducer]

@wooyooing

I'm trying to post the link but it won't let me. Just google fed balance sheet and you should find the raw numbers at the fed's website.

The size of their balance sheet is about 2.6 trillion dollars. That's 500 billion dollars more than it was a year ago at this time, and so 100 billion shy of the 600 QE, which means that about 100 billion worth has matured or been sold (I'm pretty sure it all matured)

[alexeireyes]

@CapitalAccount Thank you for the clarification. However, the question of what triggered the sharp surge in M2 remains unanswered. For it to jump that quickly reeks of intervention by the Fed.... I'd love to hear your take on the matter.

[RTProducer]

@alexeireyes So QE just means the fed is printing money and buying up large amounts of fixed income securities and taking them off the market. This is different then the type of monetary policy they normally do, which is mostly repos (basically ways to add or subtract short-term liquidity in order to keep borrowing costs down, but not actually pumping huge amounts of money into the financial system). You can see if this is happening by just looking at the balance sheet, and if it is expanding.

[RTProducer]

@RTProducer M2, like M1, is influenced more by bank lending than anything else. Just like rehypothecation can increase broader money aggregates, so too does fractional reserve lending increase M1 and M2. Banks can literally create deposits out of thin air, and that is where most of the new money comes form. Only a fraction comes from the Fed money printing itself, so I would look to see what is going on with loan growth.

[RTProducer]

@alexeireyes It seems that excess reserves have been contracting around the same time as M2 was growing so maybe that is part of it. It certainly would make sense. This is where I wish I had experience working at the FED and maybe an advanced degree in economics, like a PhD and experience working with these types of numbers. Unfortunately, i can only guess based on what make sense.

[heckler73]

@alexeireyes You might be interested in looking at a chart of (M2, NONM1, & SAVINGS), from FRED

[heckler73]

@heckler73 and add TSDABSHNO to the chart for a head-scratcher.

[Ristar85]

lol..

if it breaks down, then it's meant to break down. if it doesnt, then it is meant to stay.

come on, this whole debt nonsense is nonsense. the ECB can wipe out all the debt by actually printing physical money and then passing it to the Eurozone countries. BUT instead of doing just that, countries have to BORROW money in order to pay their loans.

this is a ponzi scheme, nothing more.

always remember, debt is money. the only way out of debt is to print physical money, not cancel the debt.

[heckler73]

@PaulRon2008 And replace them with what, exactly?

[KhmerD0g]

@heckler73

Replace it with: 1) debt free currency. 2) currency backed by precious metal. 3) currency backed by electricity. 4) currency defined by the number of population, i.e., one person define to have say $3 billions so if u have a population of 20 million people u take 3 times 20,000,000 = total number of billion dollars print

The important thing is how u define the it.

[heckler73]

@KhmerD0g Some thoughts:

1)what do you do with the bonds currently out there?

2)Commodity-backing has more limit-cycle problems (i.e. shock inducers)

3)How do you plan to measure the electricity? Average capacity, future capacity, alternators in cars, etc.?

4)Population? So eliminate Forex altogether?

I think 'mechanisms of implementation' are more important than your definitions.

[KhmerD0g]

@heckler73

1) The bonds are debt and treat them as such. Why people treat them like they're asset?

2) Let the market absorb the shock inducers. US dollar used to be precious metal backed and had no problem.

3) Example define 1 dollar = 1 kilowatt-hour

4) Here I'm talking about just define for US dollar to be population based and let the market determines the exchange rate. But if u want to define population for all nations and have single world currency then yes do away with forex.

[heckler73]

@KhmerD0g

1)Do you retire the bonds in time and then stop issuing them?

2)So if population rises/falls, and your current account goes into deficit/surplus, with sporadic supplies of gold, you'll do what with the money supply?

3)That still doesn't answer how you'll measure the electricity quantity and/or quality. And is it based on capacity or actual usage?

4)You seem to be coming to the same conclusion as Keynes or Jane D'Arista here. So use a Supra-National currency like the SDR?

[KhmerD0g]

@heckler73

1) I'm talking about when the financial system totally collapses and we start from scratch with the ideas I just mentioned. U are thinking about changes to the current financial system using my ideas. That won't work.

2) Small deficit/ surplus can adapt to steady population. U are thinking about massive population rises/falls--war pretty much destroy the economy.

3) If the government can't deliver electricity then don't print.

4) SDR is political currency. I don't like it.

[bicyclethief2nd]

This show just gets better and better. Thanks!

[KhmerD0g]

@PaulRon2008

Oh no. The people (bankers) behind those financial institutions benefit the most. JFK ordered the treasury to print the money which was debt free money. The FED probably had him assassinated. If you look at the hard to find 5 dollar bill he printed it said "Treasury Note". U can no longer find those notes but u find a lot of 5 dollar bills that says Federal Reserve Note printed on top.

[wooyooing]

@KhmerD0g I guess most of the bad things can be blamed to the Fed. This is interesting you said the Fed probably had him assassinated. You know, I thought about something similar to that, too. If Ron Paul has won the election of 2012, he would be assassinated.

[Solosohi]

If I had a euro for every time Lauren Lyster said "money" I'd be rich enough to date her.

[bullshit3118]

@Solosohi Come on man, it's a self esteem thing. Yes, Lauren can seem like the typical east coast gold digger that likes Nip and Tuck, but dude, she is a foxy woman and she is smart. For the most part she's the captain of the field hockey team more than the cheerleader squad. Look at it this way, she's a down to earth corporate chick that wont sell herself to the Fox News and other shit propaganda.Lauren is nice! makes the corporate fantasy chick theme all the better! Enjoy will ya!lol

[wooyooing]

@bullshit3118 I agree with you. SHe doesn't look like FOX or CNN bitches. I always say blone is stupid, but not in Lauren's case. I actually really like the way she reports the news and interveiws the guests.

[bullshit3118]

@wooyooing She's awesome. She has her head on straight :)

[yaahme]

The EU is coming apart and Thank God for that. The answer is for the individual countries to reject the loans outrigh just like Iceland!

Stand up raise your middle finger and say FU NWO!

[KhmerD0g]

@yaahme

The NWO bankers like the MF Global already gave the MF'er to its customers by stealing their accounts.

[bullshit3118]

@yaahme I think you are mistaken. The US is funding the bail out of the EU with the IMF and the Fed. That makes the dollar stronger and the "New world order" even stronger. So dont thank god yet, America is using this break down these countries into individual nation states so they can tear them apart one by one. It's gonna worse of they break up the EU because the United States will have, yet again, one less competitor on the world market.

[wooyooing]

@bullshit3118Dude, isn't the US is actually in a worse shape than EU? This is funny to see our government has such big ego to believe they have the ability to help EU. They need to learn how to read the fucking balance sheet before opening their mouth.

[bullshit3118]

@wooyooing it is hilarity to the extreme. This is a form of technological warfare unlike anything we have EVER seen. They have digital voting booths now. Digital monetizing abilities. All the aforesaid can be rigged, altered, hidden, patented, you name it. American bankers and corporations do it the best because they give out lots of imaginary digital money to their stupid military and police state henchmen. it's moronic!