Pegging Franc to Euro-On the Edge with Max Keiser-09-09-2011

[tomm1111]

Why has "Florida" been dubbed out in Karl's introduction?

[tryptala]

Fight the banks before they make us fight each other.

[rvrola]

The world must go back to a fixed exchange currency rate system and restore Glass-Stegall then implement the Larouche Plan. But this can not be done if Obama is the President of the USA because he is a British puppet who is blocking this American System from Franklin Roosevelt - as proposed by Lyndon Larouche. This is the only thing that can save the world from a new dark age.

[takwira]

I.m sure Karl smoked a thick spliff before his interview.

[takwira]

I.m sure Karl smoked a thick spliff before his interview.

[rvrola]

Exactly why monetarism does not work. Lyndon Larouche's triple curve function explains this fraud very clearly. All the Inter-Alpha Group of Banks are bankrupt and this entire global monetary system is in its last leg. The people of the world will suffer as they will be the lenders of last resort. Bailouts will keep going. To end all this insanity, consult Lyndon Larouche. Impeach Obama now and implement the Larouche Plan. This will save us all from the new dark age. God bless us all.

[butchman1]

Thanks Max. Another fine job a cutting through the B.S.

[mphello]

I wish people would stop using meaningless generalities such as "government regulation" or "capitalism" or "communism" and talk strictly in terms of LAWS.

THAT is the ONLY thing humans disagree about: what LAWS should be or not be.

ALL ethical/political arguments reduce to that.

e.g. I want to make it LEGAL to blow up prisons to free prisoners.

That is equivalent to making it ILLEGAL for anyone (cops) to stop me.

And so on...

[frickadele]

Karl's lost weight...good for him.

[roseman164]

@frickadele Good to see you here frickadele......I'm the flower you had words with on the Alex Jones channel, I think. Anyway, were obviously both world aware Africans. Good for you!

[ScrewtheMossad]

Everything goes back to KIKES who run the global banking., the IMF , World Bank , the Pentagon, Congress and the White house.

Kikes are the problem. Rid the world of KIKES and we have a chance.

[76tombecker]

So regulating markets and having some decent laws protecting not only who has the biggest club is fascist now?

Please grow up Fox News fans, have a trip to Sweden or France, spend a few months there and try to understand what's wrong with this religious style mentality you carried around so far.

[juginger]

Let us not forget that the Bilderberg meeting took place in Switzerland this year.

[MrBoo609]

And PLEASE

ApocalypticAang

Do not explore the link

We prefer keeping idiots where they are

[MrBoo609]

wonder where everyone went?

suckerforum d0t info

[copsarestupidpigs]

Max, you shouldn't interview clowns like this guy. He posts a blog saying "It's Over!" last week, then the market shoots up by 3% the next day. Then it tanks 2 days in a row and he posts another blog by the same title.

Today he posts about 9/11 - ten years later. Here we have a guy who acts like he's so smart and knows more than anyone, but still thinks 19 Arab idiots flew planes into the twin towers and Pentagon and Shanksville.

Only a moron believes the official story. 911 - INSIDE JOB!

[paulj541]

Based on a couple of responses that I just read, I now have proof that some people just don'e understand even after the economic problems have been explained in a perfect and easy to understand fashion, Maybe english isn't your first language? Well, don't feel too bad, the people who have been put in charge don't get it either.

[1977Melville]

Central Banksters....no damn good.

[natritious1]

THIS GUY IS A PROTECTIONIST SCHILL

[FreeManTx]

@natritious1

Spoken like a true collectivist socialist, nobody has a right to their property how dare anyone try to protect it....

[natritious1]

@FreeManTx you're a fucking idiot - protectionism is exactly what socialists push for. you don't even know what the fuck you're talking about.

[FreeManTx]

@natritious1

WOW! And I bet you learned that from a blog somewhere didn't you?

I suggest you grow the fuck up and get a fucking clue...

[FreeManTx]

@natritious1

WOW! And I bet you learned that from a blog somewhere didn't you?

I suggest you grow the fuck up and get a fucking clue...

[capucchan8]

wow no wonder this is not allowed in the 5 big networks

[natritious1]

@capucchan8 oh yeah because press tv, al jazeera, and RT are "alternative" right?! LOL suuuuure they are...

[MrBoo609]

Here Karl specifically advocates for governmental policy to stop those "greedy capitalists"

He TELLS you he is a small government capitalist but if you really read and understand all his plans, you see he is actually a big government guy with a twinge of fascism. His plans consistently call for huge government intervention and regulation onto the private market.

Read some of his plans again with an open mind. "

Suckerforum d0t info

[Knepperify1]

@MrBoo609

You are mis-characterizing Karl's position. You are lying, IOW.

No, what you see is a guy who realizes that government has an essential and limited role to keep criminals at bay. It does not, nor never did, require 'big government' to regulate financial markets so that they are honest.

The rules and laws in 1986 were sufficient to keep the market sane and healthy. Since then all of the new regulations have increased the moral and financial hazard.

[MrBoo609]

Exports are not a "tiny little segment" of the Swiss economy as Karl lies.Exports are 50% of their GDP. Thus the SNB devalues to protect their exports and in turn keep the Swiss people working and producing yet Karl screams foul. OTH, Karl later argues the US should have tariffs, which would instantly result in higher prices, for the benefit of US production and export.

Seems Karl is for price increasing policy for Americans but against it for the Swiss.

Suckerforum period com

[ApocalypticAang]

@MrBoo609 and yet less than 30% of the Swiss economy is manufacturing... meaning most of the 50% Swiss "exports" are FINANCIAL services/products-- so guess who the devaluing CHF really helps?

It's funny to see people having "knee-jerk" reactions to "trigger words" mentioned on the show, when both Karl and Max have been financial journalists/analysts for ages and you can research their actual positions on the net-- but no, people still expect to be spoon-fed with sound-bites...

[SopraTutt1]

@ApocalypticAang Less than 21% of USA's or UK's economies are manufacturing, so what? This doesn't stop their CB to devalue their currencies and hope to increase their exports. Actually, Switzerland is a big exporter of goods, as a country it ranks the 19th place in the world by the total US dollar amount of MERCHANDISE exports. Karl's statement shows he didn't have the decency to do some research about Switzerland before giving the interview, and that he believes everything is "Made in China".

[OghamTheBold]

In semiconductor physics - moving holes - are used to explain things

Thanks Karl - I can now explain the financial system - 'smoking holes' in motion

[harveybirdmannequin]

On this edition of On the Edge.

It's Karl-Max.

[KarlDonglicker]

I will be back to edumacate you idiots next week.

[harveybirdmannequin]

@KarlDonglicker

YYYYYYYYYYYEEEEEEEEEEEEAAAAAAA­AAAAAAAAHHHHHHHHHHH!!!!!!!!!!!­1111111111111

[KarlDonglicker]

and it's not just about exports, either. Zurich is 30 minutes drive from the German border. France is 2 minutes distance-wank from Geneva. All those back-office banking jobs could easily be done outside of Switzerland, for half the price. The SNB action was designed not just to protect the alpine horn manufacturers on the freaking Matterhorn LOL

[YouriCarma]

Oh! and Repo 108

[harveybirdmannequin]

Gov't can only take MAH MONAY! The only thing gov't knows how to do is take MAH MONEY! The gov't wants MAH MONAY! It's MAH MONEY! MAH MONAY! MAH MONAY!

If we want greedy capitalists to stop exploiting cheap slave labour, destroying the environment, undermining the USA economy by having productive capital flee overseas then we need the government to impose tariffs to halt greedy capitalists activities.

WHAT!?!??!

Yes, Karl actually did say that.

[KarlDonglicker]

@harveybirdmannequin

Yes Karl is a contradictory imbecile, isn't he?

[Mcleod0000]

Why isnt there MASSIVE moves in gold and silver ?

[YouriCarma]

Peek-A-Boo Accounting also trough Repo 105 deals - Repo needs a backstop to avoid future crises 23 September 2010, by Gillian Tett (The Financial Times) " But in many ways this silence is shocking. After all, the sector is huge: the total volume of so-called “tri-party repo contracts” – or those arranged via a third-party broker – in the US peaked at about $2,800bn in early 2008 and is now at about $1,700bn."

[SleeperCell1991]

Bad idea, the swiss have officially sold out to the rest of europe.

What ever happened to its neutral policy ?

[jmikeperkins]

Why is putting money in the stock market NOT considered capital formation?

[ApocalypticAang]

@jmikeperkins wrote: "Why is putting money in the stock market NOT considered capital formation? "

Err, because equities are a form of INVESTMENT(aka a business-venture where you can lose everything)? Never mind what you broker/bankser says, you are not increasing your "capital" when you buy stocks because equities (however liquid and stable) are NOT savings which you are free to apply in any way you see fit.

IOW, Capital FORMATION takes place when you save...

[fuzzywzhe]

Derringer is no moron, but I don't think he understands that large financial institutions won't allow themselves to go bankrupt, because they control the United States.

I also think he's ignoring the balance sheet of the United States. It takes 6.5 years of tax revenue to pay off the national debt - how are we going to service the US debt?

[YouriCarma]

U.S. Rescue May Reach $23.7 Trillion, Barofsky Says , July 20 2009, by Dawn Kopecki and Catherine Dodge (Bloomberg)

[KarlDonglicker]

@YouriCarma

Completely irrelevant. What do you say about Karl's fraudulent claim that exporters are a tiny segment of the Swiss economy? Thanks.

[YouriCarma]

In Show More: Karl Denninger not Karl Donninger

[harveybirdmannequin]

@YouriCarma

lol

Karl Dongnigger

[KarlDonglicker]

Judging by the comments here, Karl is unelectable, because everyone (with two functioning braincells) hates him.

[harveybirdmannequin]

The Swiss need to send their production of Rolexi to China.

GO FOR IT! Capitalism, bitches! Got to get that cheap labour, bitches. It's like crack to them capitalists.

[KarlDonglicker]

@harveybirdmannequin

Yes, the Swiss need to stop buying that over-priced LOGITECH rubbish and BUY LENOVO. Isn't that right, Karl?

[KarlDonglicker]

@harveybirdmannequin

Yes, the Swiss need to stop buying that over-priced Swiss Logitech rubbish and buy from the Chinese latop manufacturer Lenovo. Isn't that right, Karl?

[mrzack888]

what's the big deal? swiss franc go back to their value before it became a convenient reserve currency. swiss govt just trying to do their best for everyone. any responsible person wold not be saving but buying assets and commodities, not just putting money into a bank. it's the 21st century, time to get with the times.

[KarlDonglicker]

@mrzack888

exactly. The Swiss economy is very much tied to exports. Only an ill-informed red-neck who likes to keep their wealth in their mattress would think otherwise. To be fair, that is exactly Karl's target audience, so he is playing to the crowd. But that doesn't change reality.

[natritious1]

@mrzack888 I agree~ which is why I'm stacking PHYSICAL metals. I would be in commodities, but I think what you think is commodities are ALL paper ponzi nothing-ness

[KarlDonglicker]

OK Ticker Zombies, please research Swiss imports/exports, listen to Karl from 3:30, and then ask yourself, "Why do I listen to this fraud?"

[KarlDonglicker]

OK Ticker Zombies, please research Swiss imports/exports, listen to Karl from 3:30 - 3:45, and then ask yourself, "Why do I listen to this fraud?"

[natritious1]

10:25 this is where I get weary of max and this show.

[KarlDonglicker]

Karl, none of your zombies will come here to protect you, they need your big ban hammer of god behind them before they will crawl out from under their rocks. Ha ha ha!

[harveybirdmannequin]

@KarlDonglicker

Love the monicker.

[CodeGrn]

What? No questions about gold and silver? Where are your balls Max?

[LawyerScumGhost]

very informative, great work Max and Karl!

[KarlDonglicker]

@LawyerScumGhost

Again, listen from 3:30 -3.45 which is the basis of Karl's thesis, then check on swiss import/exports on wikipedia. Then you will see that this piece is not informative, but disinformative.

[Angelsigns2012]

@KarlDonglicker Those are 2009 numbers and many things can change in 2 years. Swiss exports were becoming to expensive and they needed to reduce their currency value to compete. Their unemployment rate is not that great also. These things are tied together.

[KarlDonglicker]

@Angelsigns2012

absolutely, I agree. The SNB had to devalue, as the rate was threatening to underine the export sector, which directly or indirectly employs the majority of Swiss. Hence, the SNB were helping the ordinary Swiss. Which isn't what Karl Denninger said.

[KarlDonglicker]

Still, what do you expect? this is the guy who believes public schools should be 'dismantled', and yet still sends his daughter to one. Hypocrite.

[KarlDonglicker]

You have to laugh at Karl complaining about buying from China.

Karl, pop quiz: the manufacturer of your latest laptop is Lenovo....which country is Lenovo from?

"Do as I say, not as I do"

[KarlDonglicker]

You have to laugh at Karl complaining about buying from China. Karl, pop quiz: the manufacturer of your latest laptop is Lenovo....which country are Lenovo from? LOL such a pathetic fraud.

[KarlDonglicker]

Hope you research your book a little better than your research for this, Karl.

[KarlDonglicker]

Swiss imports 2009: $157.9 billion (40.7% of GDP)

Swiss exports 2009: $173.2 billion (52.7% of GDP)

Tiny little segment?

[harveybirdmannequin]

@KarlDonglicker

You tell him.

I want my Rolexi cheap!

[KarlDonglicker]

This guy (Karl Denninger) knows less than nothing about what he is talking about.

3:28: "So, essentially, what the Swiss National Bank has said, is that we're going to punish those people who live here, and those people who actually need to consume and import things, in order to protect a *tiny little segment* of our economy that provides exports."

From Wikipedia:

Swiss imports 2009: $157.9 billion (40.7% of GDP)

Swiss exports 2009: $173.2 billion (52.7% of GDP)

Tiny little segment?

[jocknomore]

@KarlDonglicker Swiss GDP - composition by sector: agriculture: 1.3%

industry: 27.7% services: 71.1% (2010 est.) Karl is right ag and industry are far less than the services. Could those services be their enormous financial sector?

[KarlDonglicker]

@jocknomore

WTF has any of that to do with import/export? Karl is right, eh? What else do you think he is right about you sicko-fant zombie? Is he right to demand public schools be dismantled and then sends his duaghter there? is he right to demand that suckers like you stop buying Chinese and then baost about his Lenovo laptop?

[USBankruptcy]

Carl laughs like a child.

[petersz98]

Karl Marx was right. Capitalism is evil!

[quadcatfly]

Hey I want some of yours ! OBAMA - BIDEN 2012 !

[Angelsigns2012]

Great interview and very informative. I'm glad to see Karl making it easier for us laymen to understand what is going on.

[KarlDonglicker]

@Angelsigns2012

You might want to check out Karl's numbers on the tiny little segment of the Swiss economy which exports.

[harveybirdmannequin]

@harveybirdmannequin

The capitalist will sell us the rope for which will hang them.

Henry Ford was an anomaly, a rarity, or as the other industrial capitalists thought of him INSANE!

The other capitalists balked at how much Ford was paying his workers.

$5/day wage. It made newspaper headlines all around the world.

The USA in its infancy was very protectionist (scary big bad gov't) and the purpose of the minimum wage law was not about welfare but what Ford was trying to accomplish.

[harveybirdmannequin]

@harveybirdmannequin

I hate gov't. Gov't can die. Gov't can eat a dick. Gov't can lick my balls. Free market. Capitalism.

Redistribution of wealth is socialism, communism, Marxism. Teaching children to share is brainwashing them with communist propaganda.

If you believe in individuals, freedom, and decentralized power, would not you want to redistribute the wealth so that it's not concentrated in a few hands which is centralized planning and so everyone has an equal chance at entrepreneurship?

[MartianStories]

Aw, crap. I thought this would be a video about women fucking their husbands up the ass with a strap-on. Nothing like free porn from a business channel.

Such a misleading title.