Markets! Finance! Scandal! (E89)

This time, Max Keiser and co-host, Stacy Herbert, ponder a Federal Reserve induced civil war as Ben Bernanke throws Granny down the stairs. In the second half of the show Max talks to James Howard Kunstler about post peak oil America.

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• Episode 89

[optionsupdate]

Stacy Herbert is very beautiful

[workwillfreeyou]

Thanks R.T., Stacy and Max. The difference between the first great depression and now is that now the government elite working with the banking and corporate elite have and still are shipping every possible job out of the nation. The only thing that can save the U.S. at this point is heavy import tariffs. The U.S. government, world bank, W.T.O., and global elites class war is bankrupting all of the western world.

[shauntnichols]

This is my favorite episode, because they talk about how I am living right now, in a cabin in nature. Let me tell you I could never go back I feel way to real.

[StarvingForTruth]

@deskset24 Yup. They don't 'get' the science on any of it, so they wave a big, blunt anti-intellectual hand and dismiss the whole lot of it.

It's kind of depressing.

[StarvingForTruth]

@LockDeltz The trouble is that if we wait for markets to be fully developed, we will have waited too long. Markets don't do foresight. We can't be fundamentalist about such enormous issues. In the long run, yes, the market will shape the outcome. But we can't wait so long to initiate change. There is plenty going on out there in R&D to get behind.  We can still employ the force of competition to spur ingenuity. But we do have to plan ahead.

[StarvingForTruth]

@LockDeltz I think it's pretty safe to say that there are more motives than the given for most major programs, and the carbon tax is no different. Many people from the IEA have spoken about the intense pressure from the USA to downplay the issue. Great effort was taken to bury the oil motives for war in the middle east. There are multiple good reasons why the issue is buried. And it's not quite like a conspiracy theory - it wasn't engineered. It just, isn't being explained enough.

[deskset24]

You notice that those who deny the existence of peak oil also deny that the amount of oil is finite (or at least you can NEVER get them to admit it). And, unfortunately, without a SINGLE exception, they ALSO deny anthropogenic global warming.

I'd like for ONCE to hear one of these peak-oil deniers say: there is no peak oil, but, no, we shouldn't burn it all because it will wreck the environment.

[deskset24]

@Hadesqq Sadly, you are 100% true.

But, of course, none of this makes AGW wrong. Both Russia and the USA (and Iran and China and Peru and practically every country on earth except possibly the Scandinavian countries) do terrible wrongs that can and must be reversed only by the use of revolutionary force.

[deskset24]

Maybe selfish people who won't control how much they consume DO deserve to be controlled to limit their uncontrolled behavior with the rest of us.

[deskset24]

@LockDeltz Why don't YOU counter with facts?

You have ANY proof that the MAJOR cause of oil price rise is due to weak dollar and fewer refineries and drills and NOT MOSTLY due to FINITE oil supply?

No, you don't.

Even YOU just said that the price of oil rising (when it does) can be due to many reasons. So, finite / peak oil is one of them.

Since I didn't direct reply, that means you came back here to read this thread without being prompted by my reply.

[LockDeltz]

@StarvingForTruth It's not a conspiracy, it's simple basic economics. New ways of alternative energy should handled by the market, not the government. Look what happened in Spain, they poured billions of dollars into "green energy" and it become a failure now they have an unemployment rate of 20%. We have to accept energy that is "cost efficient" if that means reusing coal or oil. The government doesn't what's the best form of alternative energy.

[LockDeltz]

@deskset24 If you're going to counter my arguments, don't talk out of your ass, and instead try to counter with facts. The cost of oil is rising due to many reasons. One of the reasons is the value of our dollar. Because oil is a commodity, when the dollar weakens the price of oil goes up. The other reason is simple basic economics. If we produced oil refineries and we started drilling for oil, there would be more supplies of oil, thus prices would go down.