On the Edge with J.S. Kim (2/3)

Interview with J.S. Kim
Original airdate: 03 September 2010

Category:

News & Politics

Tags:

• max keiser
• j.s. kim
• gold
• federal reserve

[pretorious700]

Alan Greenspan once was an objectivist, a follower of Ayn Rand. Once he saw the perks of power, he completely sold his soul to the satan of statism and usury. He will go down in history as on of the most corrupt panderers to power ever.

[maj1kninja07]

after you stole as much as you can and you cannot squeeze another penny out of it, you burn it - goodfellas

[1cherrylane]

@sugarpuddin88 ..... and private hedge funds and the like make deals with the government to purchase some of these said assets for pennies on the dollar...... in turn making the wealthy client of these private hedge funds even more wealthier. Tom Barrack ( yes, that's the same guy who tried to help Michael Jackson re-finance Neverland ranch) and his Colony Capital investment group is a good example of such a group of "private investors".

[ytgv3fc7]

@LordDyhalto and that is my point: you can NEVER take your business elsewhere. There is no elsewhere. A market is the entire range of choices and a free-market prefers fraud so all choices are fraud. Instead you'll have to learn to do the work yourself and consider the entire market to be off-limits for a long time, perhaps forever.

[ytgv3fc7]

@LordDyhalto derivatives are not "fine by themselves" as many of them are fraud. Fraud is not fine and there are almost no derivatives out there which are not fraudulent. Used computers & computer repairs are also rife with fraud so that's a huge problem. Maybe you don't see it but everyone else in North America sees it. There's no such thing as due-diligence: at the last minute things will be broken and broken parts will be sold as new no matter what you saw or how many times before. Always.

[ytgv3fc7]

@LordDyhalto home renos and used cars are not affected by privately selected interest rates. People choose the prices they want and the issue is quality, not price. The issue is fraud, not price. The quality may be near zero and the penalty is zero for doing this, so having no regulation at all, no government control, a totally free market, means 99% of the time the job and/or product is crap and the recourse legally is zero. Markets prefer fraud.

[freakfiend32]

@SIGN666 we haven't had a free market in this country for a long time fool. spit your foolish jive somewhere else

[sugarpuddin88]

Here is how it works

First they flood the market with easy money (which resulted in over building the real estate market); then they retract the money supply, (which was done this time via the rules of TARP & Basel II, etc).

When the money supply is retracted, corporations cannot fund their manufacturing. Thus, they have to lay off

Once everyone is in bankruptcy, (with 20 million vacant homes), these same bankers come in and swoop up all the assets for pennies on the dollar!

[campaign4liberty]

Ron Paul 2012

LibertyPoet

website

[cicatrixta]

I just discovered my underarm deodorant doubles as a nifty fly spray. maybe I should change brands

[exquisiteinvestment]

I am going to sum up all three parts of these videos...ready? We are all fucked!

[LordDyhalto]

@ytgv3fc7

You think those are examples of free markets? Home renos and used cars are affected by privately selected interest rates.

Derivatives are fine by themselves. It's the bailouts that are anathema to free market.

Used computers and computer repairs. I don't really see a problem with those markets. If you get ripped off buying a used comp, you didn't do your DD. If you get ripped off by a repair guy, maybe you should take your business elsewhere.