On this edition of the Keiser Report, Max and co-host Stacy Herbert look at the latest scandals of downgrading America, investors seeking security in gold, bank profit abominations and federal ponzis. In the following half of the show, Max talks to Stefan Molyneux of Freedomain Radio about the Canadian economy and housing bubble, the oil spill in the Gulf of Mexico and how to fix the world.
THIS IS NOT TRUE CANADA IS VERY GOOD AND GOVERMENTS HAVE SAFER LENDING LAWS ALL IS WELL
Stef – it was about damn time! Thumbs up.
RUSSIA’S AWESOME SUCCESS STATISTICS FOR 2010!
Ease of Doing Business 122/183 , Economic Prosperity 69/104, Economic Reform 120/181, Life Anticipation 137/195, Quality of Life 108/143, Economic Freedom 143/183, Biased Freedom 142/193, Corruption 146/180, Press Freedom 153/175, Peacefulness 126/133, Hostility to Women 38/43 (Bottom 12%), IKEA Prices 25/28 (Bottom 11%), Place to be an Expat 24/26 (Bottom 8%), Bribe-Taking 22/22 (Bottom 1%)
Over 1000 years and still in the DARK AGES!!!
@amcanmike yeah right…..BOOM!
stef fucking **** up as usual
Cool! 17k+ views in only 3 days. This should be on tyhe featured videos! **** youtube Australia! they place dogshit like stout aussie ******* and mad aussie, a couple of dickheads, when this is far more vital.
Check out at 16 minutes – US housing prices were 5 times the mean inhabitant income at the peak, and right now Canadian home prices are at 7.4 the inhabitant mean income, or 50% higher than the U.S. was??? Holy crap, that is nuts!
Fight terrorism: Shoot a banker!!
@DragonYearJoji Yeah, this guys rock! I wish I had money back when he predicted gold was going to skyrocket! I am still bashing my head against the pointy corner of my desk…
Long live Max & Stacy!!
@amcanmike We’re just starting a real-estate bust the likes of our country has never seen before
I LIVE IN CANADA AND WE ARE BOOMING BIG TIME SO WE WILL SEE WHAT HAPPENS
@yutuboslaven
“(btw the U.S. has the best constitution).”
So? It’s still just four pieces of paper, with no inherent authority or obligation. (Lysander Spooner, No Treason)
@yutuboslaven I reckon that’s really splitting hairs semantically. You cannot really separate the Gov’t and the fed at this point.
@WorBlux
“…it’s a debt instrument backed by the willingness of the U.S. government to steal your life and labor…”
i don’t fully agree.
the U.S. government is used by us to let those who own the FED (private bank) which owns everything icl. the state itself to steal the fruits of our labor.
the presence of the U.S. government is not the problem (btw the U.S. has the best constitution).
the presence of the FED and the mass-illiteracy about the nature of the money is the problem
@Ranger4564 So when we have an entity like the state, an entity like the “modern” government. Who has the largest incentive to control it? The kind or the cruel?
This is the absolute reason legitimising violence is not going to work. Because you will just have all the terrible people flocking toward this power.
@fergus247 Of course this based on people being generous not because they feel they have to, but rather because they want to. Which is how equipment should work. You dont have to do a damn thing
@Ranger4564 There is no need to design society centrally. In fact, the only way you can do this is by using violence, which we can clearly see doesent work and is immoral
@Ranger4564 I want to argue that being generous is a greedy action in itself. Because being generous gives the generee a touch he values in return. Ie. a suspicion of well being.
There is of course a demand for arbitration and protection services. This can be offered on a market without the need for a monopoly, the establishment of which would run counter to the question and subsidy of these services.
“they just have to be redesigned” So, hows that working our for you? Government by it’s very nature is an institution of violent control.
@Ranger4564
Specialization or division of labor only arises from voluntary exchange by differences in chance costs among different individuals as compared through some market. In no case whatsoever have I known specialization of any kind to require monopolization. Governments as we know them have never arisen on this basis, but rather through acts of usurpation.
@Ranger4564
And there are yet more problems that you have not answered. At the time before the rise of capital 90% of Europeans were starving or on terrible crop away from starving. Ancient people would wonder the countryside of England eating bark and grass. Also those places were starvation is most prominent are where the capital structures and markets are least prominent.
@Ranger4564 I’ve read Einstein’s essay. It is basically a lightweight amalgam of Marxism and Keynesianism, of course with a dose of Einstein’s own admirable reasoning and excellent nature. But, there are numerous fallacies in his essay, and a few non-truths. For example, that technological development leads to unemployment under a capitalist logic. This has shown to not be the case in the 50 years since he has been dead, and the 50 years before he wrote his essay. There are other flaws as well…
@Ranger4564 For example, if we interpret greed in this broader significance, Reprieve International is greedy when they solicit donations from people. They need resources to do work, and so they appeal to private individuals’ significance of charity to get these resources. Greed, in the pseudo-Marxist significance, is IRRATIONAL greed. Greed on its own is necessary for survival, or indeed for any sort of meaningful works, whether social or private. Do you stay on?
@Ranger4564 You, and others on here, seem to have distress with the meaning of the word greed. When someone like Ayn Rand says “Greed is excellent” it is not predestined in the irrational significance, that I can steal and cheat as much as I like. Greed is excellent, implies that people want equipment and they should want equipment. Feeding your family, or working for the Red Cross as you place it, requires a level of greed in this way: you need resources to do these equipment. You need equipment you don’t automatically start with.