If you are in deep and there is no way out what do you do?
Keep digging until the problem becomes other peoples problem as well.
Also if Karl does not like the gold standard I respect that but do not force one money standard on people let them choose what tool a person uses for trade an wealth storage and let the best tool win.
It would suck if we all had to use just one tool for any other job in our lives why not allow for freedom of choice in money.
Take a look at the US government organizations. Homeland Security, FBI, CIA, FDA, USDA, ATF, EPA, USIA, IRS, INS, FTC, FCC, DOT, DEP, etc, etc.
"We The People" are in charge of these Federal organizations. And I'm getting pretty angry with the mis-appropriation of funds! i.e. HARD EARNED MONEY PAID TO THESE ARROGANT, FRAUDULENT & CORRUPT organizations USED TO TERRORIZE "WE THE PEOPLE"!!!!!!!!!
i read the market ticker daily but i miss your video blogs. you are extremely articulate and some things can be said best orally and some are better in written form.
whatever, great work and i am in no position to complain.
When you talked about all the illegal actions of the FED. The GOLD price suppression scheme should have been mentioned. Gold can be manipulated when you have most of it. The FED is OUT of GOLD. That is why they cannot suppress the price any longer. GOLD at all time highs and the USD falling and you say it will reverse? How? Who is lending the the GOV via Treasuries? The FED. Hyper-Inflation anyone?
It's a presentation I gave as a guest speaker. There isn't an "abbreviated version"; the speech was scheduled for an hour plus questions, and that's about what it ran... :)
Karl you mention in your presentation about the dollar carry trade unwinding in the future and gold crashing and the dollar soring. Can you give us any idea when you think this will happen?
Out of all the economists i respect KD is the only one ive heard say this.
One thing i know is that gold and silver are severally under valued due to price manipulation. Peter Schiff and Max Keiser have been talking about gold for years, China, India, Russia etc have been buying shit loads so its looking like a good potential for a monetary base.
Then Max Keiser predicted Iceland collapsing due to their carry trade. Surely if he predicted that he can see the dollar carry trade.
Timmy G doing a perp walk would be phenomonal, much better than Tom DeLay trying to boogie on "Dancing with the Stars". If an enterprising programmer were to produce a show in such a format and feature bankers, regulators, top govt administrators, pundits, lobbyists, and legislators along with top birds like Geithner, Paulson, John Snow, etc., the ratings would be through the roof and more of the MSM watchers may start to understand what has been going on.
Think about it, McGyver viewers used to try to think through solutions ahead of the characters. A format in which the audience could participate such as "American Idol" may help to engage and enlighten an otherwise almost unreachable portion of the public. Let them grab their cell phones and vote if the perp should advance the the next level of investigation toward indictment. It could be like the thumbs up/thumbs down decision in the Roman coliseum.
Considering how many people this country has trained in the art of persuasion (marketers, lawyers, communications grads), somebody should find a way to gain more public enthusiasm in investigation and prosecution of the enormous and dangerous fraud that has already been committed. How about the onlline video gamers? Right now they are plugged into using virtual guns to kill people. The Hitler Youth could not have been so absorbed. Kids can focus. Redefine their goals & their tactics.
I think the problem many people have is not discerning between "regulation" and "fraud control / reduction" because the fraud-control portion is very important for any market to be open, and the rest is in question.
Books you should read are Frederic Bastiat's The Law, Murry Rothbard's Power and Market, and quite possibly one of the best books ever Economics In One Lesson by Henry Hazlitt.
Libertarians are against corporatism. The regulations that benifit one party at the expense of another/others.
And theyre against both corporate Ponzi Schemes and legal government ponzi schemes.
Theyre against market manipulation like Freddie & Fannie who played a big part in the housing crisis by buying debt etc
credit default swaps and mortgage backed securities are not fraudulent per se. in much the same way that i've no problem with fractional reserve banking as long as it isn't guaranteed by the taxpayer and all the information is made available to all the parties.
Well i never mentioned anything about derivitives or fractional reserve banking. What i was trying to say was libertarians are against regulation that puts businesses at advantages over others. Or that keeps non-viable, money losing businesses a float at the detriment of everyone else but since youve started the subject.
Why do you think banks should be allowed to counterfeit money? Do you know what inflation is or what drives the business cycle?
In my first comment i mentioned nothing about derivitives or fractional banking yet you brought it up, and in my 2nd i asked why did you think it was ok and you skipped it to talk about types of currency creation.
Now surely if you think fractional reserve banking & derivitives are ok must mean you think this style of business can be applied across the board.
Should farmers be allowed to sell grain that they dont have? The man of the street starting ponzi schemes like those of the banks?
farmers selling grain they don't have? it happens all the time. farmers sell forward future production ie grain they don't have. if these tools were not available very few farmers would be prepared to take the risk of planting.
if someone is prepared to take the risk that the farmer might not grow the grain, that is their business. in the future contract they would prescribe remedy for non pefformance and if both parties agreed there is no need for the govt to involve itself
obviously the onus is on the buyer of the futures contract to do their homework on the farmer. if the farmer has a track record of non performance then you wouldn't invest or you'd expect a higher rate of return to cover the risk.
I could also be a grain trader and forward sell grain i don't have and don't intend producing. i might believe that grain prices will fall dramatically and i'll be able to furnish you with grain you require at a lower price in the future. if you, the buyer of the future, are happy with that risk and the potential reward, we can enter into an agreement and the govt has no business telling you that you can't.
the FRAUD you refer to would be if i misrepresent my position to you.
the same goes for credit default swaps. i lend money to you. i then go to john and buy insurance from him against the possibility that you will default. as long as john and i enter into an agreement of our own free will, the govt has no business interfering. if you default on your mortgage i then claim from john. if john cannot pay that's just tough unless we later find out that john lied to me about his financial position. that would be fraud,
sorry Karl, you are still missing the root of the problem. blaming this on glass-steagall is just a ruse and not in line with the libertarian platform. the root of the problem is that the govt implicitly guaranteed this stuff. there is nothing wrong with credit default swaps, mort back securities etc. the libertarian platform in a nutshell is 'CAVEAT EMPTOR'!!!!!!!
This comment has received too many negative votesshow
I tend to agree with Denninger's perspective but can't help but notice that since the collpase of Lehman and the actions taken by the Treasury we have seen a considerable stabilization in the economy. Call me confused, but have we not averted a 2nd great depression? When will we hit this debt ceiling? I know it's there and that our economic model is unsustainable - but for investors timing is everything no?
No, we have NOT averted a second great depression. Instead, these policies have post-poned that depression and have insured that it will be the "greatest" depression. Please check out denniger's earlier videos, etc.
you got a lot of research left just Digg for the truth you will get there,,, but you might not like what curtains you pull back. Because whats behind them, aint pretty.
nothing has changed. only a delay of the inevitable. no policy changes have been written to block the causes of this mess. members of congress have stated that we are in a worse place for a bigger collapse now. our resources are now depleted and once the stimulus is spent its all back downhill. no jobs increase, no exports increase ect. the dirivative sit over our heads like a bomb. the usa has been warned many times about printing and devaluating our currency. yet they plan a bigger stimulus.
Appreciate all the comments folks... don't know why I'm being down voted - I simply asked a question - but I do agree that things will get pretty damn ugly some time in the future. The question is when..
This is America's problem; the so called, "educated" assume they know what is correct & true; when in actually, they have been brain-washed into understanding lies are FACT.
FOOLS, they are Ego driven and Licensed to be ignorant! It makes me sick! They are not grand thinkers, they are simply, "Repeaters" spewing dogma.
Imagine how foolish they appear to the Controllers, when they claim their independence and fly the Gold-Trimmed Flag. MORONS at least!
Would love to read a ticker with a detailed description of how a collapse of the Fed may play out. Since the Fed is the bank to the banks, lends to them, and currently holds deposits for some of the banks in interest-bearing accounts, a blowup could have some interesting dynamics. If the Fed implodes, would there be any mechanism for the govt to extract wealth from the taxpayers and bailout the banks again?
excellent presentation
JimGraham1973 2 years ago
I am delighted, cool!
oregontaxdebtrelief 2 years ago
If you are in deep and there is no way out what do you do?
Keep digging until the problem becomes other peoples problem as well.
Also if Karl does not like the gold standard I respect that but do not force one money standard on people let them choose what tool a person uses for trade an wealth storage and let the best tool win.
It would suck if we all had to use just one tool for any other job in our lives why not allow for freedom of choice in money.
xanderdee 2 years ago 2
protip: leave out similes that involve diseased prostitutes
ffs55 2 years ago
Who else, but I liked it!
taxdebtsolutionsta 2 years ago
***WAKE-UP***
Take a look at the US government organizations. Homeland Security, FBI, CIA, FDA, USDA, ATF, EPA, USIA, IRS, INS, FTC, FCC, DOT, DEP, etc, etc.
"We The People" are in charge of these Federal organizations. And I'm getting pretty angry with the mis-appropriation of funds! i.e. HARD EARNED MONEY PAID TO THESE ARROGANT, FRAUDULENT & CORRUPT organizations USED TO TERRORIZE "WE THE PEOPLE"!!!!!!!!!
Paid for but not approved by "We The People"
End The Fed!!!
thomastholin 2 years ago
Comment removed
58robbo 2 years ago
Join the Facebook group 'Appoint Karl Denninger to Secretary of Treasury'
tribeodan17 2 years ago 3
5 stars! It's vids like this that need to be seen by America. Turn the auto pilot my peoples, PLEASE!!!
surviveTHEtimes 2 years ago 3
Thanks very much for the video. Enlightening, intelligent and inspiring, as always.
JRCrowley 2 years ago 3
If I could give 10 stars, I would.
You summed it up very nicely.
rayomans 2 years ago 2
This occurred a month ago; can you tell us why we're only seeing it now?
2528997 2 years ago
Maybe so it will stay fresh in our minds to help us understand events as they unfold this year, rather than be forgotten as last year's news/opinion.
waldentree 2 years ago
Weel, then by your logic, won't it be forgotten one month from NOW?
2528997 2 years ago
Because the morning after I gave the speech I went on vacation. I recently returned and finished the post-production to make it available.
kdenninger 2 years ago
Oh ok. Thanks.
2528997 2 years ago
karl,
i read the market ticker daily but i miss your video blogs. you are extremely articulate and some things can be said best orally and some are better in written form.
whatever, great work and i am in no position to complain.
bozeman14 2 years ago 2
When you talked about all the illegal actions of the FED. The GOLD price suppression scheme should have been mentioned. Gold can be manipulated when you have most of it. The FED is OUT of GOLD. That is why they cannot suppress the price any longer. GOLD at all time highs and the USD falling and you say it will reverse? How? Who is lending the the GOV via Treasuries? The FED. Hyper-Inflation anyone?
MrBankRuns 2 years ago 2
An abbreviated version would be good for those who don't have time. But it was worth every minute to me.
waldentree 2 years ago
It's a presentation I gave as a guest speaker. There isn't an "abbreviated version"; the speech was scheduled for an hour plus questions, and that's about what it ran... :)
kdenninger 2 years ago
OK. It would sure be difficult to cut anything anyway. It all fits together so well. Thanks so much.
waldentree 2 years ago
Karl you mention in your presentation about the dollar carry trade unwinding in the future and gold crashing and the dollar soring. Can you give us any idea when you think this will happen?
1 year, 2 years, 3-5 years or more?
AtheistThatsATheist 2 years ago
he's been saying that since gold $700 and the dollar index at 85+.
anujbahl 2 years ago
Out of all the economists i respect KD is the only one ive heard say this.
One thing i know is that gold and silver are severally under valued due to price manipulation. Peter Schiff and Max Keiser have been talking about gold for years, China, India, Russia etc have been buying shit loads so its looking like a good potential for a monetary base.
Then Max Keiser predicted Iceland collapsing due to their carry trade. Surely if he predicted that he can see the dollar carry trade.
Contine
AtheistThatsATheist 2 years ago
(continued)
but id still like to hear what Karl has to say about the dollar carry and how that will affect gold.
Was on his ticker site the other day and couldnt find anything. Might have another look in a bit
AtheistThatsATheist 2 years ago
25 comment only? your kidding me
lllraverslll 2 years ago 2
The goodstuff starts here 0:37:20
wawbwc 2 years ago
Excellent explanations.
Thanks for sharing.
SpringboardShop 2 years ago 4
Timmy G may yet go to jail. This could be the start of something big.
thetimman00 2 years ago 2
Timmy G doing a perp walk would be phenomonal, much better than Tom DeLay trying to boogie on "Dancing with the Stars". If an enterprising programmer were to produce a show in such a format and feature bankers, regulators, top govt administrators, pundits, lobbyists, and legislators along with top birds like Geithner, Paulson, John Snow, etc., the ratings would be through the roof and more of the MSM watchers may start to understand what has been going on.
azusgm 2 years ago
Think about it, McGyver viewers used to try to think through solutions ahead of the characters. A format in which the audience could participate such as "American Idol" may help to engage and enlighten an otherwise almost unreachable portion of the public. Let them grab their cell phones and vote if the perp should advance the the next level of investigation toward indictment. It could be like the thumbs up/thumbs down decision in the Roman coliseum.
azusgm 2 years ago
Considering how many people this country has trained in the art of persuasion (marketers, lawyers, communications grads), somebody should find a way to gain more public enthusiasm in investigation and prosecution of the enormous and dangerous fraud that has already been committed. How about the onlline video gamers? Right now they are plugged into using virtual guns to kill people. The Hitler Youth could not have been so absorbed. Kids can focus. Redefine their goals & their tactics.
azusgm 2 years ago 2
You fail to understand that Libertarians are for little to no regulation!
58robbo 2 years ago
I think the problem many people have is not discerning between "regulation" and "fraud control / reduction" because the fraud-control portion is very important for any market to be open, and the rest is in question.
ytgv3fc7 2 years ago 6
Quite right. Fraud is as wrong as force under the libertarian philosophy.
waldentree 2 years ago 3
Books you should read are Frederic Bastiat's The Law, Murry Rothbard's Power and Market, and quite possibly one of the best books ever Economics In One Lesson by Henry Hazlitt.
Libertarians are against corporatism. The regulations that benifit one party at the expense of another/others.
And theyre against both corporate Ponzi Schemes and legal government ponzi schemes.
Theyre against market manipulation like Freddie & Fannie who played a big part in the housing crisis by buying debt etc
AtheistThatsATheist 2 years ago 2
credit default swaps and mortgage backed securities are not fraudulent per se. in much the same way that i've no problem with fractional reserve banking as long as it isn't guaranteed by the taxpayer and all the information is made available to all the parties.
58robbo 2 years ago
Well i never mentioned anything about derivitives or fractional reserve banking. What i was trying to say was libertarians are against regulation that puts businesses at advantages over others. Or that keeps non-viable, money losing businesses a float at the detriment of everyone else but since youve started the subject.
Why do you think banks should be allowed to counterfeit money? Do you know what inflation is or what drives the business cycle?
AtheistThatsATheist 2 years ago
Comment removed
58robbo 2 years ago
Exactly, under our current system only banks and the fed have the authority to create currency.
a move away from this system could be one where
a) no one is allowed to create currency as it is fixed against a precious metal
b) in the opposite direction where everyone is allowed to create currency.
you tell me which is in line with libertarian principles. i suggest you read a little more rothbard and mises before answering
58robbo 2 years ago
In my first comment i mentioned nothing about derivitives or fractional banking yet you brought it up, and in my 2nd i asked why did you think it was ok and you skipped it to talk about types of currency creation.
Now surely if you think fractional reserve banking & derivitives are ok must mean you think this style of business can be applied across the board.
Should farmers be allowed to sell grain that they dont have? The man of the street starting ponzi schemes like those of the banks?
AtheistThatsATheist 2 years ago
farmers selling grain they don't have? it happens all the time. farmers sell forward future production ie grain they don't have. if these tools were not available very few farmers would be prepared to take the risk of planting.
if someone is prepared to take the risk that the farmer might not grow the grain, that is their business. in the future contract they would prescribe remedy for non pefformance and if both parties agreed there is no need for the govt to involve itself
58robbo 2 years ago
obviously the onus is on the buyer of the futures contract to do their homework on the farmer. if the farmer has a track record of non performance then you wouldn't invest or you'd expect a higher rate of return to cover the risk.
this is how the 'free market' functions.
58robbo 2 years ago
I could also be a grain trader and forward sell grain i don't have and don't intend producing. i might believe that grain prices will fall dramatically and i'll be able to furnish you with grain you require at a lower price in the future. if you, the buyer of the future, are happy with that risk and the potential reward, we can enter into an agreement and the govt has no business telling you that you can't.
the FRAUD you refer to would be if i misrepresent my position to you.
58robbo 2 years ago
the same goes for credit default swaps. i lend money to you. i then go to john and buy insurance from him against the possibility that you will default. as long as john and i enter into an agreement of our own free will, the govt has no business interfering. if you default on your mortgage i then claim from john. if john cannot pay that's just tough unless we later find out that john lied to me about his financial position. that would be fraud,
58robbo 2 years ago
sorry Karl, you are still missing the root of the problem. blaming this on glass-steagall is just a ruse and not in line with the libertarian platform. the root of the problem is that the govt implicitly guaranteed this stuff. there is nothing wrong with credit default swaps, mort back securities etc. the libertarian platform in a nutshell is 'CAVEAT EMPTOR'!!!!!!!
58robbo 2 years ago
This comment has received too many negative votes show
I tend to agree with Denninger's perspective but can't help but notice that since the collpase of Lehman and the actions taken by the Treasury we have seen a considerable stabilization in the economy. Call me confused, but have we not averted a 2nd great depression? When will we hit this debt ceiling? I know it's there and that our economic model is unsustainable - but for investors timing is everything no?
RBtoobsalot 2 years ago
Averted by drinking more and more. Hell of a hangover is righ behind the corner.
itallwentwronq 2 years ago 7
No, we have NOT averted a second great depression. Instead, these policies have post-poned that depression and have insured that it will be the "greatest" depression. Please check out denniger's earlier videos, etc.
January132005 2 years ago 10
you got a lot of research left just Digg for the truth you will get there,,, but you might not like what curtains you pull back. Because whats behind them, aint pretty.
Repomex01 2 years ago 3
nothing has changed. only a delay of the inevitable. no policy changes have been written to block the causes of this mess. members of congress have stated that we are in a worse place for a bigger collapse now. our resources are now depleted and once the stimulus is spent its all back downhill. no jobs increase, no exports increase ect. the dirivative sit over our heads like a bomb. the usa has been warned many times about printing and devaluating our currency. yet they plan a bigger stimulus.
llshamelessll 2 years ago 4
Appreciate all the comments folks... don't know why I'm being down voted - I simply asked a question - but I do agree that things will get pretty damn ugly some time in the future. The question is when..
RBtoobsalot 2 years ago 2
hi shameless
lllraverslll 2 years ago
I agree
gatorfleetbm 2 years ago
Note -
Gold trim around the US flag.
MikePresents2 2 years ago
@MikePresents2 DAMN right, Mike!
This is America's problem; the so called, "educated" assume they know what is correct & true; when in actually, they have been brain-washed into understanding lies are FACT.
FOOLS, they are Ego driven and Licensed to be ignorant! It makes me sick! They are not grand thinkers, they are simply, "Repeaters" spewing dogma.
Imagine how foolish they appear to the Controllers, when they claim their independence and fly the Gold-Trimmed Flag. MORONS at least!
Signzit 2 years ago 4
Would love to read a ticker with a detailed description of how a collapse of the Fed may play out. Since the Fed is the bank to the banks, lends to them, and currently holds deposits for some of the banks in interest-bearing accounts, a blowup could have some interesting dynamics. If the Fed implodes, would there be any mechanism for the govt to extract wealth from the taxpayers and bailout the banks again?
It is late at night and now my mind is racing.
azusgm 2 years ago 5
Great video. Well worth the time it took to watch. Thanks.
U2ForNow 2 years ago 6
This is how I felt for years. Good you are saying what has been on mine and many peoples minds.
Anothercoilgun 2 years ago
Denninger is in this one? noice!
RogueSwordThesco 2 years ago
thanks glad to see ya back!!
mlong5151 2 years ago
:::APPLAUSE::: people like you should be in a gov't position on finances..
Dewdaahman 2 years ago 10