On the Edge with Max Keiser - 17 July 2009 (pt4 of 4)
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there is a reason Sachs is a good company if people are dumb its their own problem this is not a welfare state. these companies play by the rules which they have written very smart. I wish i would of worked for them.
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Max,
Get Jim Willie or Bob Chapman on! Karl Denninger is a boob stuck in the mud.
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Oh manipulated down by massive selling of gold. The IMF is planning to dump all its gold too. And nowadys 80% of gold thats made is turned into jewery.
So theres far more gold in the publics hands than the banks and cause of the "crisis" theres even more.
But we can easily go onto a gold standard. Or a precious metal standard such as Gold, Silver, Platinum, Palladium and Rhodium.
I even heard people talking of China going on a copper standard they bought so much but i doubt it.
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the world is held by central banks BUT and its a big one, Since this crisis started banks around the world(especially central banks) have been manipulating the price of gold down. According by research done by various gold experts the price of gold should be sitting around $2-3000 an ounce. If you watch the gold markets yourself youd see gold & silver are being manipulated down.
Plus gold being bought by civilians has increased and except china banks demand has decreased.
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Cool, its nice to see someone thats expanded their knowledge.
But ive heard a few facts about gold. It made me do some reserch there and feel free to google some facts yourself. The facts i heard was the India and Germany's citizens held a large percentage of gold, with Indian citizens buying the most gold in the world. I googled a few things including "gold reserves in the world"&"gold facts" And clicked on galmarley(dot)com & gold.yabz(dot)com
According to my research 20-25% of gold in
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I have listened to Denninger for a while and he sounds reasonable enough. So I said he 'seems like good people' to mean I thought he was in earnest (and that kind of counts for something these days!) and well intended.
Sometimes I think he sounds a bit too absolute about his own position but given there is something of a Ideology to the people in power it may be necessary to be resolute in proposing an alternative.
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Oh and the Soprano's. The producer David Chase efers to it as a parody of Capitalism
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what do you think of Denninger ?
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tell me something i don't know man. i have read Rothbard. his history is impeccably researched but he fails or pretends not to see the depth of the problem. Banks don't make money by lending it, they create debt by lending money that doesn't exist. if you agree with max keiser that goldman sachs are a bunch of crooks, you should take a serious look at where the gold of the world is before supporting a return to a gold standard.
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charging interest.
The more money theyre able to print and lend out the more interest theyre able to charge. But the more you print the more you devalue the money. If we all had a million dollars each well still have to work. Its just that things will cost more.
I still want to read that book youve mentioned but you should read mine. Any idea where i can get it? Is it called "The Protocols of the Elders of Zion"???
Great show Max.
Blackjack555 2 years ago 12
Karl + Max in one show = WIN!
excellent show!
jfv65 2 years ago 11