On the Edge with Max Keiser . . . and Mish Shedlock - 20 November 2009 - (2/3)

[travroy]

Max Keiser, you need better audio. It's hurting my ears.

[cds162]

after 8 years of bushgeddon

just continuing the pain

[ddubrul]

Ultimately inflation will take down this system. All fiat ends the same way.

[stm333]

It won't be a 30s style depression because we have Food Stamps? So we'll be standing in line for Food Stamps instead of soup. A distinction without a difference---thanks Mish!

[MishuTaste]

He seems to be happy when he says, "It looks grim!"

[GoldSilverLead]

That's a still of Mish, in case you didn't know.

[pirucreek]

I don't think you should pro-debtor. Most of them took 3rd mortgages on their houses to buy trucks. Both banks and debtors should be either broke or in jail.

[30percentplusreturns]

Sure, the unemployment rate may go back down to 4%, but what the govt will fail to tell you is all the new jobs created are 10k a year nonsense service jobs with no benefits or anything. The only way jobs will come back to America is if our dollar collapses and we cant afford foreign products. Then we will have to produce stuff here. Its that simple. Globalization must end if we are to get employment back in this country. If not, the hot money will just move from country to country forever.

[Tressco]

Exactly!

Back to regionalism!

Here's a tip for governments to get unemployment numbers back to zero with "jobs":

Take 10 million workers out to dig a hole for 8 hours, drive them back, let them eat & sleep and drive them back out to fill up the hole, they dug out a day before.

That's some meaningful job creation, huh...?

[prescottbill]

The "safety net" is woven with federal reserve notes "dollars". When the dollar is worthless, so is the "net". State welfare benefits are being cut and discontinued as states go BK. State prisons are being emptied do to lack of funds. The system is collapsing despite massive government malinvestment.

If you think we cannot have a 30's style depression, you are dead wrong. We may have something far worse.

[pretorious700]

you are so right...If the dollar is worthless, what good does insurance do?

[chriswroads]

Mish how is it that education makes people so retarded.

Social safety nets???

Everyday it gets harder to collect food stamps and most doctors wont accept medicare or medicaid.

All these programs are broke.

Let me remind you how this works

The government does not produce anything.

All the government can do is take

There is nothing left to take

This is not sustainable.

[marypoppins2009]

'Dis little ligh of mine..Eyes gonna make it shine....oh lord, dis little light of mine...eyes gonna make it shine..let it shine, let it shine..or lord!  Amen brothers and sisters!

[amcanmike]

GO MAX

[GoldenBoughTrader]

GO MISH

[ttj1776]

Paper money has the effect to ruin commerce,oppress the honest, and open the door to every species of fraud and injustice ~GEORGE WASHINGTON

[bertly71]

With more people unemployed, more people need government assistance. A self fulfilling prophecy for the big government agenda.

[pretorious700]

sorry, this guy is an idiot if he thinks the government is going to stave off depression

[desongliu]

Thanks, Max!

[louis12346]

I got a Job cutting down Trees to make paper Pulp. Job Security Print the money I need overtime

[shouldlistentoronpau]

Great one, now that's job security.

[pretorious700]

sorry, us dollars are not printed on "paper" from pulp anymore-haven't been for a long time..

try picking cotton, we will all be happy slaves soon anyway

[louis12346]

Cotton Picker You ! The new EU President, Herman Van Rompuy, has proclaimed 2009 as the first year of global governance. During Rompuys intervention as President on November 19th he stated  2009 first year of global governance, with the establishment of the G20 in the middle of the financial crisis. The climate conference in Copenhagen is another step towards the global management of our planet. he announced a plan to implement EU wide taxes that will be paid directly to Brussels.

[DiNatalli]

Right, so we must get ready for chaos. Ordo ab chao.

[plumflowerblossom]

funny one Louis12346 !

[poker4kicksandcash]

lol gold at record highs, oil rising, dollar falling. Deflation - ye sure looks like it. What the deflationists arent factoring in is the velocity of money increase which will be ferocious as people realise their wealth is being confiscated to bail out the too big to fails. They will be rushing for the exits. I can see it starting already. At the moment it is but a trickle compared to the raging torrent that it will undoubtedly become. There is no way back. Prepare!

[CTOL1]

Mish Mash Blaa reiterated points I've heard before

Next

[dlmaniac]

Depression is 100% lock-in. Actually it's a depreflation: depression + mass inflation

[skybirdbird]

not many small businesses would have the guts or ability to borrow right now......

[Repomex01]

I am one of them

[fatpius]

exactly!

[VyseLegend]

Max needs to get rid of Mish.

[redline1189]

how long do you think the government can keep unemployment insurance and food stamps going. sooner or later that free everything will run out too. And that will make the 1930 look cherry, nobody in America is self sufficient anymore!!!

[vinny1010]

Don't believe in what Mish says - I think it will be WORSE than 1930s. And the only Deflation that will happen which will be in the Retail Estate Market, All Services, and Apparel, as well as, anything that stays in the US. Food, Gold, Silver, Copper, Base Metals will go up!! Gas will be stable somewhat at first and then go up as well.

Deflation AND Inflation. I don't know why Keiser still keeps having Mish on.

[GovWillKillU]

i know just another blogger

[DavidAKZ]

> Deflation AND Inflation

could you expand thanks ?

[RoberTastic]

it will be worse - 20% unemployment will hit.. I think there will be 30 to 40% and a real threat of the country collapsing, but peak oil will be the big determinant.. I dont know what the dollar will do, but we will probably have hyperinflation at some point, maybe even faster than anybody expects. Mish is a bit annoying because he changes his tune like the wind

[dopeskies]

Dope