The Oracle with Max Keiser - Episode One, part one

Bring Edward Griffin on the show.

Kind of shocked to see Max with his own BBC show. His potency has always been throwing mud pies AT the (financial) establishment, becoming more outrageous and impassioned towards the end of last year. Now it seems somewhat ridiculous in BBC garb. Quinlin is not right for the show - distracting really. Max needs a more informed wit to spar against and that is more fun. Atelli is great, and it would have been more rewarding to explore his stance more.

I like Ron Paul and reckon he's a rare breed of politician: He's honest. But I fear his slash and burn approach to getting us out of this mess may send the economy into a catastrophic cardiac arrest spiral of doom (much worse than the mess we are in now). Obama is going the way of John Maynard Keynes. Is he right? Can we use debt to get us out of a debt crisis? I dont know. I do know this though - it's all or nothing now folks. If Keynesianism fails... dammn things will get ugly in a BIG way.

I see your point .. a quick death or a drawn out agony !
IMO...
The fiat system failure is a When, not If.
Simple maths .. no way can it survive. Also, it is highly destructive for society .. despite all the talk about economic expansion being good.
Griffins TCFJI is an excellent History lesson for not just the US .. but for all.
Wasn't it Roosevelt 1933 that confiscated Gold and then devalued the US$ afterwards at 4:1 ?
So the 1000$s you got for your Gold was suddenly only worth 250!

Things look grim don't they? Having said that I still have hope that wise governement investment and restructuring 'may' put things right again in the short term. But you are right. Fiat, debt based currencies are inherently unstable and doomed to fai. We need to tryu and buy oursekves some time - to help get our house in order - and deal with the

wider structural changes in a manner that minimzes the pain to honest citizens.

IMHO if the bailouts are to work (and we need to bailout main street not wall street) they must be followed by a shift in economic policy away from debt and extravagence, towards a more sustainable economic model.

Anyways I feel that for the most part we agree. Good luck to you in these challenging times :)

FDR - communist bank puppet - and beloved president for his slimy money grab.

The only thing he did that was useful was infrastructure programs.

Three things should have been done immediately in face of this crisis - equitization of debt - so banks convert loans into equity - decreasing the repayment burden - secondly - government infrastructure projects - thirdly remove or reduce capital and income taxes.

Not this policy of blatant theft.

Do a few searches for...
#1 "The Gold Confiscation Of April 5, 1933"
#2 "$ DEVALUATION: OBAMA, ROOSEVELT . & SANTOS"

My guess is Obama will have to repeat history again.
No doubt in my mind .. only about the "When" !!

Keynsian economics is assured to fail - how can you have exponential growth in a finite system?

I doubt RP was advocating total slash and burn - but you have to destroy the toxic assets - and there aren't many ways to do it unless you let banks fail.

It would have been better to let the investment banks fail - and then insure deposits on the normal banks. They should have let Freddie and Fannie crash as well - the real estate prices need to normalize quickly.