Max Keiser Takes Offense to Goldman Sachs Story
By Barry Ritholtz - July 16th, 2009, 3:50PM
Part I
Part II
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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July 16th, 2009 at 3:55 pm
[...] « Nat’l Assoc of Home Builders index Max Keiser Takes Offense to Goldman Sachs Story [...]
July 16th, 2009 at 5:08 pm
I thought it was beautiful…
July 16th, 2009 at 5:15 pm
I take offense to trillion-dollar parasites like Goldman Sachs ass-raping the global economy and then getting a full-bod massage (with a happy ending) from Capitol Hill.
July 16th, 2009 at 5:55 pm
Sounded about right to me.
We have a big problem!
July 16th, 2009 at 6:42 pm
Telling it like it is. The Quiet Coup.
July 16th, 2009 at 7:42 pm
I love Max. Where can I join his club? When I reflect on how just my life has been influenced by the mysterious activities behind the glass walls of the tall buildings in the center of every major city I am appalled. When I reflect on how lives over the entire world have been affected I am shocked and terrified. Just because it’s the way things have always been does not make it right.
July 16th, 2009 at 7:43 pm
I saw Paulson said he was proud of what they did to rescue the financial sector.. what no one asked was if he was proud of what he did to help cause the disaster.
WTF is up with Kudlow standing behind a podium with an emblem that mimics the presidential seal?
I could see the words ‘Supply Sider’ ringing the emblem. What a complete farce, and he defended Paulson to boot. The CNBC producers are really working overtime.
July 17th, 2009 at 8:13 am
Moss,
Haven’t you heard? They have changed the name of his program to more accurately reflect its content. It’s now called the RNC Report with Larry Kudlow.
I quit watching his show (and Dennis Kneale’s) months ago. They both suck. What good is information if you can’t trust the source? Actually, it is worse than if you had never heard it at all.
Thank God for the Internet. Inevitably, the truth always slips out.
July 17th, 2009 at 12:59 pm
As long as we leave the crooks in charge, we will have theft and economic chaos. Max is correct about GOLD backed paper, i.e., gold as money being better than fiat money, but remember we had gold money once and the government had a monopoly on protecting that system. They betrayed the public trust. Going back is NOT enough. A monopoly on money is too much power for government. We need a constitutional amendment giving us the freedom to choose the money we want. The free market will provide many systems and the best will dominate, giving us prosperity. Let innovation reign!
July 17th, 2009 at 1:33 pm
Nouriel & Taleb have a facebook account “Make Bankers Accountable”
http://www.facebook.com/group.php?gid=51818722129&ref=mf
Goldman Sachs Watch site:
http://www.goldmansachs666.com/
Do NOT be complacent, make plans and join current activist groups. Start the process today.
July 17th, 2009 at 4:08 pm
This guy is my freakin’ hero. Let’s all try to keep the pressure on these “SCUM”. Hah! Good for him. How about that French coward though.
July 18th, 2009 at 4:53 am
I liked the french guy. He had the stomach to appear with Max, he’s just a little naieve. He believes an organization bigger and perhapse more powerful than the Fed is the answer. Trouble is like Max says there is nothing to stop an empowered IMF from becoming just as captured and corrupt as what we have now. Some would say they already are captured and corrupt. I guess it’s back to gold eventually. Anyway there is a good chance that the world faces a very low growth situation going forward and in that circumstance super powered fiat money would be unnecessary. Gold will do just fine.
July 18th, 2009 at 4:53 am
I liked the French guy. He had the stomach to appear with Max, he’s just a little naieve. He believes an organization bigger and perhaps more powerful than the Fed is the answer. Trouble is like Max says there is nothing to stop an empowered IMF from becoming just as captured and corrupt as what we have now. Some would say they already are captured and corrupt. I guess it’s back to gold eventually. Anyway there is a good chance that the world faces a very low growth situation going forward and in that circumstance super powered fiat money would be unnecessary. Gold will do just fine.
July 18th, 2009 at 10:08 am
[...] Sachs is the ‘rage’ in blogsphere (pun intended). A good friend sent me the link to this interview in a French television channel (in English). It is very good theatre. Of course, prior to [...]
July 19th, 2009 at 3:44 pm
[...] PERMALINK About :I’m just a American patriot who believes in freedom for all, even the ones I don’t like. It’s time to make a stand and take over the media, government, and police of this nation. Join me in the movement and join the forums. [...]