On the Edge with Max Keiser - 17 July 2009 (pt4 of 4)

[dinamo4889]

there is a reason Sachs is a good company if people are dumb its their own problem this is not a welfare state. these companies play by the rules which they have written very smart. I wish i would of worked for them.

[sandman4224]

Max,

Get Jim Willie or Bob Chapman on! Karl Denninger is a boob stuck in the mud.

[chena3]

triple aaa rated donutz no wait triple bbb... wait a minute i was right the first time... triple aaa.... haha triple aaa triple bbb triple screw you secret probation .. woof...

[BubbFromGEI]

Wait a minute ! This charge is unfair.

GS bought an "extra hedge", one it turned out they did not need, because they had legitimate concerns about AIG.

That hedge did not come free. They paid real money, probably alot of money for the hedge, the fact that it "paid off" does not change the contractual obligation of AIG to pay them!

Max is being more deceptive, than GS has been. This charge is pure jealousy and beneath a fair commentator. Grow up, Max.

[z8it]

It's time to stock up on pitchforks, torches, and rope folks!

Let's march en-masse to Goldman Sachs and the Fed!

It's time to hang a bitch!

[chena3]

hey

it's monday morning

where's mr donut ...

[OghamTheBold]

If Karl could learn how to wave bananas and hurl scrunched up dollar bills in to the camera - he'd have it cracked

[michael2B]

Here is one for you MAX "Globalism is Socialism for Capitalism"

[SKAMP57]

As the clock ticked down on this interview I was left desperate for them to get more in.

ENCORE

[chocolatecookieninja]

maybe it's time that the russian dolls should crack and split in two revealing the corruption and the iniquity within them to be read as pages of a book.

even the name goldman sachs is ironic.. gold man.. sacks?

[chocolatecookieninja]

when a system fails we revert back to the last system that worked untill we figure out how exactly the last system failed and how we can prevent that happening again, it's a natural reaction.

kroznot the nwo don't want gold, their goal is to sell the carbon tax lie and tax the entire human population for the very air they breathe.. in a system like that it doesn't matter who has the gold, cause the income all goes to them anyways.

[frickadele]

The US gov. and bankers are hoods.

Next time you watch the Godfather....

shoot your television.

[DavidAKZ]

Oh and the Soprano's. The producer David Chase efers to it as a parody of Capitalism

[Paolo7219]

Why were Lehman and Bear Stearns allowed to go belly up? Consolidation of power, that's why. Guys like Paulson, Ken Lewis, Blankfein et al. are morally and ethically bankrupt. They threw Bear and Lehman under the bus without blinking an eye. At least they are turning on each other. I wonder how much "compensation" our honorable members of Congress got for their complicity in all this?

[VisionQuest2012]

When Hank Paulson blackmailed the congress I knew something was up. All these guys are coming from either Goldman Sachs or the federal reserve. If the fed get's power over FDIC then all safe bets are off. You might as well stuff a mattress.

[jfv65]

Karl + Max in one show = WIN!

excellent show!

[Kheskeim]

Best guest ever = Denninger. Moar please!

[twoells23]

Awsoome!

[Oilwellian]

As always, a great show. 5 stars.

[JP5466]

Thanks Max! Please continue to nail these crooks at Goldman Sachs. I think the sheeple might be starting to wake up.

[kroznot]

one big problem with max keiser. he's a straight shooter but he is b]pushing for a gold backed system.  it seems laudable until you realize that a move to a gold based system is exactly what international bankers want. still i think keiser is trying to do the right thing.

[AFRIKTODAY]

How is returning to the Gold standard, which has 5000 years of stable monetary history been a weapon of the Money elites? I mean, can you print Gold or paper? You do not make any sense or simply, you have no understanding of Gold money!

[kroznot]

do you have any gold? does anyone you know have more than a few thousand dollars in gold. you may have some paper that claims to be gold, but the majority of the worlds real gold is in the hands of an extremely small group of people. a move to a gold based monetary a system at this point would give them even more leverage than they already have. virtual currency and energy currencies are far better. gold has always been a swindle.

[AFRIKTODAY]

Virtual currency? Energy currency? Do you have a basic understanding of the definition of money? What kind of "monetary exchange" is virtual currency and how do you define that? How do you monetize energy? I mean, I might not be well informed, but you are shocking me! How do you transport virtual currency into the far lands of Africa and Asia? What unit of exchange will you use to establish a monetary value of all the different billions form of energy out there? You gotta be kidding!

[NicosMind]

Youve seen that 3 & 1/2 hr documentry i think called "the money masters" No im affraid they dont understand money. A 100% gold base currency is non inflationary and stops banks having massive profits and stops whatever money we have/save losing its value.

However fractional reserve lets banks print money from thin air, and fiat currency stops all responsibility at all. If a bank wants to double or treble the money in a day all they need to do is type it in a computer. Just look at Zimbanwae

[kroznot]

i recommend reading 'the protocols of zion' i can't say for sure where it came from but it will change the way you look at money and gold.

[NicosMind]

I study Austrian Economics. I would recommend reading Murry Rothbard's The Mystery of Banking. You can only mine so much gold. If money is tied to gold banks can only print so much so much money meaning banks can only lend out so much.

Its the whole reason the banking sector campaigned for a central bank(to inflate)And then leave the gold standard(inflate much more)

Why does money lose value? Cause more is added to the system

watch?v=JCyR7C0r3Dk

Banks make money by lending it out &

[NicosMind]

charging interest.

The more money theyre able to print and lend out the more interest theyre able to charge. But the more you print the more you devalue the money. If we all had a million dollars each well still have to work. Its just that things will cost more.

I still want to read that book youve mentioned but you should read mine. Any idea where i can get it? Is it called "The Protocols of the Elders of Zion"???

[kroznot]

tell me something i don't know man. i have read Rothbard. his history is impeccably researched but he fails or pretends not to see the depth of the problem. Banks don't make money by lending it, they create debt by lending money that doesn't exist. if you agree with max keiser that goldman sachs are a bunch of crooks, you should take a serious look at where the gold of the world is before supporting a return to a gold standard.

[NicosMind]

Cool, its nice to see someone thats expanded their knowledge.

But ive heard a few facts about gold. It made me do some reserch there and feel free to google some facts yourself. The facts i heard was the India and Germany's citizens held a large percentage of gold, with Indian citizens buying the most gold in the world. I googled a few things including "gold reserves in the world"&"gold facts" And clicked on galmarley(dot)com & gold.yabz(dot)com

According to my research 20-25% of gold in

[NicosMind]

the world is held by central banks BUT and its a big one, Since this crisis started banks around the world(especially central banks) have been manipulating the price of gold down. According by research done by various gold experts the price of gold should be sitting around $2-3000 an ounce. If you watch the gold markets yourself youd see gold & silver are being manipulated down.

Plus gold being bought by civilians has increased and except china banks demand has decreased.

[NicosMind]

Oh manipulated down by massive selling of gold. The IMF is planning to dump all its gold too. And nowadys 80% of gold thats made is turned into jewery.

So theres far more gold in the publics hands than the banks and cause of the "crisis" theres even more.

But we can easily go onto a gold standard. Or a precious metal standard such as Gold, Silver, Platinum, Palladium and Rhodium.

I even heard people talking of China going on a copper standard they bought so much but i doubt it.

[mrgoodvibrations]

Go Max Go, you set them straight!

[donkey69donkey69]

love ya max.

[wingnut4427]

Max is fucking AWESOME !!!

[MustacheVerra]

Interesting.

Thanks.

[Romulus2009]

good show Max

[mitasse]

Nice Max!! great vid

[Ape65]

Brilliant!!

[eyewitness043]

Remember, Allianz Insurance, a european firm, wanted to purchase AIG first, but the the US government stepped up with a $85 Billion in taxpayer liquidity injections late fall 2008

On the contrary, Bear Stears DID get bailed out. But, they got "liquidity injections" from the FED's discount window before HR1424 (TARP) was passed 10.3.2009.

Then after TARP came out, those funds where used to underwrite the B of A & Merrill Fraud.

The Treasury & Fed used TARP as Fraudulent conveyance.

[eyewitness043]

Typo: Tarp was passed 10.3.2008

[santsuma]

5*****, fav'ed.

[gazoorap]

thys max

i have to admit these people do evil

bankripting america and call themselves americans how do they live withthemsellevs

in the past ten years these things are inconcieable and yet americans are like sheep being sheerd

[Blackjack555]

Great show Max.

[wcarlpdrysdale]

Larry Silversteen did the same (double dip) after Marvin Bush blew up the twin towers and building 7

[sugarpuddin88]

6 mos before 911, Larry Silverstein, miraculously acquired the lease on WTC - He got it for a "steal" because it needed 100 million in renovations, (asbestos). But rather than renovate, Silverstein told NYFD commander he had decided to "pull" WTC7, and then filed a claim for 7.1 billion a few months later!

Now Silverstein takes money from the surviving members by filing a 12 billion dollar claim against Airlines

A total of 30 billion for a 140 million investment

[KARStarla]

omg! I didnt know all that, I knew about the buildings but wow! That was packed with alot of good information to know... these guys are really such crooks, its discusting the profits that are made on the death of innocent people.

[SlyToocan]

Go Max, Go Karl......

TOP video!

[danishd00d]

Great show as always.... keep tellin' it like it is.

[soundmoneyfan]

rocked it again max!

[SKAMP57]

Nice use of sliding graphics.

karl Denninger seems like 'good people'.

Nice

[NicosMind]

hes got a channrl on youtube. Search kdenninger and you should get him. Hes also just been on cnbc, i think for the first time.

[SKAMP57]

Thanks Mate for the heads up. Actually I've been following kdenninger as well for about a year.

You'll see from my subscriptions I have become a bit of a 'junky' regarding the USA\UK economy.

[DavidAKZ]

what do you think of Denninger ?

[SKAMP57]

I have listened to Denninger for a while and he sounds reasonable enough. So I said he 'seems like good people' to mean I thought he was in earnest (and that kind of counts for something these days!) and well intended.

Sometimes I think he sounds a bit too absolute about his own position but given there is something of a Ideology to the people in power it may be necessary to be resolute in proposing an alternative.

[SKAMP57]

See you are subscribed to a lot of the same people I am aware of.

Have had to reduce my intake so don't dare subscribe to any more!

[NicosMind]

Yeah but you dont have half as many favorites as i do :P Plus i used to subscribed to MOT but from the couple of videos i saw of him all he did was pat his back and i heard no different from him that i do from everyone else.

One person youre missing and you need to get subscribed to is FeverIAm. Hes brilliant like and gets all the best stories.

Youre subscribed to Mises but have you bought any of their books yet? Or even downloaded them cause many are free? Ive bought myself loads :D

[NicosMind]

But yeah good subscriptions too. Good to see someone else from the UK getting themselves a positive education =D. I try my best to inform my friends and family.