On the Edge with Max Keiser - 13 November 2009 (4/4)

http:/maxkeiser.com

Second half of interview with James Turk of Goldmoney.com

Category:

News & Politics

Tags:

• max keiser
• james turk
• gold
• goldmoney

[Drav1212]

I dont understand how this country outlaws online gambling but allows the existance of derivatives

[sarahsgift1]

Time to load up on more silver!

[Paolo7219]

@interneteffects The public cares about who will win "American Idol" more than what wars our government is getting us in to. Or the deficits they are dumping on us. A sad commentary to be sure.

[interneteffects]

It's true, and yes, I have read the book. Rockefeller and JP Morgan created some of the first U.S. monopolies as well. I'm just saying that an aware population won't let the scumbags take over, and if the population can be that educated, as they were in the past, free markets can exist an do encourage growth and purchasing power. But of course, the public has become less educated over time, and given their power to the few elite. It will provoke a revolution, no doubt about that.

[Paolo7219]

@interneteffects Look in to the Panic of 1907 in the US. People like Rockefeller and JP Morgan were gaming the system back then BEFORE the creation of the Fed in 1913. You should read the book, The Creature From Jekyll Island. It details the history of central banks in the US. There were THREE central banks in the US in the 19th century. They all failed. Andy Jackson ended the central bank of his time--then somebody tried to assassinate him. Humans have always had thieves in their midst.

[interneteffects]

The U.S. economic system used to be a very good free market system, which put us on the top. Aside from monopoly exploitation, there was not any way for anyone to get an unfair advantage, until the Federal Reserve came into existence. And what allowed that to happen? A whole lot of STUPID citizens letting a few take power. The banking crisis didn't happen because of self-correcting markets. We have low interest rates fixed by the Fed, encouraging widespread malinvestment. Are you kidding?

[Paolo7219]

@interneteffects Self-correcting markets do not exist ANYWHERE--except in economics textbooks. Human nature just does not, will not, allow for self-correcting, "free" markets. There will ALWAYS be people who will seek to "game" the system to secure an unfair advantage for themselves. The banking crisis is a dramatic example of how self-correcting markets do NOT work. Even the corrupt bankster Alan Greenspan admits this. And: you have Goldman Sachs employees running theTreasury dept. Reforms?HAHA

[interneteffects]

Self-correcting markets is a theory? It's law, son. And it benefits the winners, not the powerful. Unfortunately, if influenced by the government and its lobbyists, the powerful stay powerful by cheating: bailouts are just one example. End the debt, end the Fed, and start production and the true free market, and we'll have the America we built up to last century.

[Ristar85]

hey Max, u really need to do this show more often!!

[Paolo7219]

One of the underlying problems is we have too many economists, with too much influence pushing FAILED economic theories. You know, the self-correcting markets theory to name just one. Myths STILL abound about "free" trade. And it doesn't matter how dramatic a failure these theories are because the powerful benefit from them. The American people will have to organize, vote and DEMAND change. The ruling class won't give up their power on their own.

[karlkarlkarl1234]

Max Keiser rocks. I love how he conveys the audacity of the situation. Can't wait until next episode.