The Oracle with Max Keiser - 06 February 2009 - (1 of 4)

[yoky25]

he talks ugly

[jjreilly2]

It's so funny how the gov't is basically trying to reinvent the bankruptcy. Ok, first we'll inject capital into these companies, then we'll decide on a price for all their bad assets, then we'll see if we can get rid of their management.

There's a much cheaper and easier way of doing this, Mr. Galbraith, and it lies in that Free Market you think we should abandon.

[johnnyboy9989]

Screw the Constitution! The Fed and the Federal government have the capacity to do what they need to do.

God help us!

[erushbass]

oh dear.

[GO2NU8]

The banks don't need money to lend they lend debit.

Foreclosures are built into the system.

watch the video debit is money .

[williamwagener]

Go See:  "william Wagener's STATE OF TRHE NATION address to Americans in deabt" We could end the debt & depressin in 1 week, & arrest the bankgangsters.

[SlaveStorm]

There is no law for the rich Murder Bush, Cheney etc They will sacrifice a few low level flunkies at the most

Galbraith says in essence, I'm paraphrasing, they ripped us off, just let them retire with their ill gotten gains, nobody has any proof of crimes so nobody gets charged

Banks don't need money to lend, they lend debt. The problem is they take money. How are the people supposed to pay back all the debt to the banks on time if no money is printed? Foreclosures are built into the system

[Relugus]

Galbraith is spot on.

Clearing out the talentless morons from the banks would benefit the economy.

[SlaveStorm]

A kernel of truth here and there but skirting major issues like A petroleum based economy that keeps us working for the corporate masters that extract the oil & make it into medicine food fuel & fibers then lend us fiat debt notes at interest that we trade to other slaves for the necessities of life like medicine food fuel & fibers

Change to or add a hemp economy Everyone can grow it to smoke for medicine or sell it to be made into medicine food fuel & fibers & keep printing our money on it

[Tressco]

What economic system...?

Yo, Max!

Haven't watched "ZEITGEIST: ADDENDUM", yet...?

Let's do economics like grown-ups, can't we...?

[WOLF333999]

Seriously, I have advised Keiser and his glorious Stacy to invite good guests and not fools such as Galbraith. Just dedicate a whole episode (or all episodes) to exposing the fucking central bankers and those fuckers behind it.

[basszack]

don't need money to lend????? then what the heck are the going to lend??? just debt??

[GO2NU8]

Google The Money Mafia

The Ilumina Zionist

September Clues

[WOLF333999]

Google G. Edward Griffin. Then again, you probably know already.

[jokertim777]

Galbraith says:

Banks don't need money to lend, they need customers willing to take out loans.

He says that because banks create the credit out of thin air when a loan contract is signed. However, you can't force people to borrow.

He also says:

The US is the strongest because we give private bankers unlimited power and they control the world reserve currency.

What he fails to realize is that giving fiat power doesn't repeal natural laws of economic behavior by rational people.

[daniel987878]

Banks need transparency. This way I rekon the banks will lend to solvent institutions and will avoid the insolvent and the unviablw should be eliminated. But the FRB and a handful of international banks want secrecy so they can hold everyone ransom.

[Ooloosoon]

At some point even the folks on TV are going to stumble on the MOST BASIC QUESTION BEFORE US

WHY (in the Hell) Would ANY Government..PAY..a PRIVATE COMPANY..to PRINT..ITS OWN DAMB "Money"...Out of thin Air ?

Ohhh and Get this.......PAY...."Interest" !(LOL!)

Thats like YOU going to the Store and buying Toilet Paper....and then when you want to take a dump...PAYING ME...to Pull the Roll and hand you some through the Bathroom door....WTF???

Then I CHARGE you "interest" on it all

[WOLF333999]

Yeah ... most people are incredibly ignorant or corrupt. I heard this thing about the central banks a couple of years ago and it opened the door to a whole new level of awareness. I shall confess I never liked paper money when growing up and could see something was terribly wrong just by thinking about inflation. It just didn't strike me as something that should be there. I wish there were gold and silver coins.

[solgoode1]

This is a great statement. Paying a private company to print our money defies all logic... It's a farce. roflmao on the "taking a dump" analogy.. Classic

[motorolarules]

not just logic but good judgement!! Institutions or governments are not capable of managing, however, the people are capable if left to do so. How or why it works I do not know but it does.

[ewj9961]

Galbraith is an idiot and a scoundrel.

[AntiBullS]

they let anybody to be an economist

do not they ?

so many economists so little time

LOL

[MainTightSqueeze]

What I don't understand is why no one has said that this situation is grounds to either abandon the system of capitalism, or return to the day when there was a completely free market and government still owned the country, not the Fed. There are two choices to success and we are going to take a third path that is a limbo between capitalism and socialism and we're going to lose control of this shit real quick.

[eyewitness043]

Keiser is gonna end up tarnishing his outstanding econimic credibility fuckin' with Obama Lying ass.

Obama sets Schiff and Keiser apart.

[carlfinkle]

There are two type of economists those who don't know and those who don't know they don't know.

J.K. Galbraith

[micksmart]

Does not it make you somewhat scary when Galbraith basically says that in the US government has TOTAL CONTROL over aspects of economy?

Do these guys deserve total control over people of US?

[jfsimard79]

A certain Galbraith wrote "Great Crash 1929" :)

[uea978]

A central bank with no limits in issuing money, is the main cause of all this mess. That's for James Galbraith.

[pismo10]

The feds never should have bailed them out in the first place. Let them go and someone else will quickly fill the void with a well run company instead of say Citicorp.

[uea978]

Exactly!

[sinitskyd]

Who can blame a banker for being greedy? It's like blaming a politician for being corrupt. Or blaming pundits and experts like Galbraith for being bankster/gov-co patsies.

[globalmedium]

That Galbraith dude is a NWO shill

[zwarst]

Boy Galbraith has a lot of faith in the US....ha!