TFMR Podcast #24 - Econ 101 with John Williams

Oil that chair!

Might be good viewing for the weekend.

Comedy set in 1998 was released in 1979. A broke America holds a telethon to raise money to pay back a debt owed to it's richest man. Harvey Korman and John Ritter head the cast in this sometimes very funny and prescient look at our alternate future. Philip Procter and Peter Bergman of the Firesign Theatre wrote and adapted the play of this interesting, dated, curiosity.

Also stars Fred Willard. Just looking at him makes me laugh. 

Europropaganda, of course, but GEAB uses to be quite spot on with their prognostications in global developments, so I advice to read their latest announcement:

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http://www.leap2020.eu/GEAB-N-66-is-available-Red-alert-Global-systemic-...

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excerpt:

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''All the other components of the global situation are in fact pointed in a negative, even catastrophic, direction. Here again, the main media are starting to echo a long-standing situation anticipated by our team for summer 2012. Indeed, in one form or another, more often on the inside pages than in big headlines (monopolized for months by Greece and the Euro (4)), one now finds the following 13 topics:

1. Global recession (no engine of growth anywhere / end of the myth of the “US recovery”) (5)
2. Growing insolvency of the Western banking and financial system and henceforth partially recognized as such
3. Growing frailty of key financial assets such as sovereign debts, real estate and CDSs underpinning the world’s major banks’ balance sheets
4. Fall off in international trade (6)
5. Geopolitical tensions (in particular in the Middle East) approaching the point of a regional explosion
6. Lasting global geopolitical blockage at the UN
7. Rapid collapse of the whole of the Western asset-backed retirement system (7)
8. Growing political divisions within the world’s “monolithic” powers (USA, China, Russia)
9. Lack of “miracle” solutions as in 2008 /2009, because of the growing impotence of many of the major Western central banks (Fed, BoE, BoJ) and States’ indebtedness
10. Credibility in freefall for all countries having to assume the double load of public and excessive private debt (8)
11. Inability to control/slow down the advance of mass and long-term unemployment
12. Failure of monetarist and financial stimulus policies such as “pure” austerity policies
13. Quasi-systematic ineffectiveness henceforth of the alternative or recent international closed groups, G20, G8, Rio+20, WTO,… on all the key topics of what is no longer in fact a world agenda absent any consensus: economy, finances, environment, conflict resolution, fight against poverty…'' 

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What an incredibly powerful vid that was. This is the older version of Nigel Farrage. I never heard of this mister Sanders, being the dumb European i am ( ;), but he is exactly the kind of guy your country needs.

Banks are busy with the greatest heist in history, stealing everything they can grab and not caring one bit about the wreckage they create.

I often wonder when we stop being spectators, recorders, endlessly telling each other how bad things have become, and start to act and throw this den of thieves out.

It isn't so much that I need a bigger boat.

I just need one that still floats.

Summary:

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"What we see is a confluence of forces that has the potential to solidify a shift towards corporate fascism and encase it in international law. Governments will merely be the tools of the corporations to provide a degree of separation from the inevitable police state that will accompany this corporate global governance. Sovereign governments even with all their failings still have at least some concern for the general welfare of their citizens. Corporations by their very nature have only one purpose and that is to generate profits. If an individual whose sole purpose was to blindly enhance profits, without any regard to the standards of what is wrong and what is right in society, would likely be considered a sociopath by mental health experts."

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taken from:

http://www.marketoracle.co.uk/Article35265.html

Bernie Sanders is a proud socialist.  We don't need any more of those.  All the 'great' socialist programs are the reason the western economies are in the fix they are in.  

Swifty

As with anything ~ in moderation.

Yes, the socialist programs are a small part of the whole, but far from the entirety. 

Greed, avarice and hubris are the main reasons the western economies are in the fix they are in.

Plain and simple.

And just who are these greedy, avaricial, hubristic people? Listen to what Bernie says in the video - you did listen to the video, did you not? 

Could it be the bottom 40% of the population who get to share 3/10's of 1% of the nations wealth?

Or could it just may be the top 1% of the population who get to divvy up 40% of the nations wealth?

Use your head for more than a hat rack!  

... you a can of WD-40 for the damn chair! ;)

Funny about the chair.

I thought the exact same thing.

Z

Hi boys and girls - I'm I like others read, but do not post often.

I have seen some deterioration of late regarding mood/content replies. Please, remember a few golden rules (and also problems with typing over the internet - i.e. TONALITY is not inferred so sarcasm/facetiousness etc. cannot be readily picked up; p.s. I am not currently prescribed to any religion).

1. Treat others as you would like to be treated

2. Bite your tongue until it bleeds if you're going to flame the bejesus out of someone

3. Just be nice.... it helps..... everyone!

It is a minority, however, that are stirring the pot. I echo sentiments that I just want to have someone state an opinion, and then someone state a counterpoint in order to learn. There are many people here that do do that (i.e. facilitate learning - Mr.Fer-gus-son included obviously!!!). Without ranting on too much; getting bogged down in the negative mood both here, on ZH, in your local media outlet etc., can be very detrimental to your outlook in general. It can very much cloud judgment and jade your senses. Try to remain as impartial and objective (where needed) as possible! This is, in my opinion, the way to interpret data without confounding emotion, or separating your emotion from data, in order to get better outcomes - that is, you can make better/more profitable decisions.

I will say I saw a disgusting example of rampant (surely their age based on their tone???) 15-25 somethingish abuse on ZH about some guy who was a physicist (and from my science background) was completely correct when discussing what 6-sigma actually meant. He was commenting on the premise for the article or stats explaining how they worked with regards to normally distributed data and normal statistical error associated with 3-Standard deviations away from a fixed or "floating" mean. The physicist was being logical and rational in his tone (as could be interpreted thoughout his posts). Then some guy replies, "...I am an engineer" and proceeded to flame the absolute bejesus out this guy for questioning the context or how the move in (http://www.zerohedge.com/news/iran-oil-embargo-goes-effect-crude-8)... That's the kind of stuff that is really really detrimental to a discussion. So please, just be nice!!!!@@!#$!#

I'm too green to be getting involved with the Turd Army etc. so I just stack the phys..... bought some shares in some undervalued miners on the ASX too, dun care if I lose the small investment, there's just too much upside to not bother risking a few grand. I do however love the CoT stff and various chart porn
Interestingly I liked Peter Schiff's idea of valuing the DJIA/S&P in gold over time to give a "gauge" as to what the stocks are worth relative to gold - giving you another indicator as to the value of the share market, relative to the currency, relative to gold. Interesting!!!!! Look up the DJA/Gold ratio for further information.

Thankyou to whoever posted that clip of the Stradivarius being used to play Bach's Ciaccona.... It's a wonderful piece of music the Partita No.2 in D-Minor, all parts (I started learning how to play it when I was younger, very hard - the intonation is intense!!!)

A few vids:

If people want some Acoustic Guitar goodness checkout these guys solo work - Paco de Lucia, Al di Meola, John McLaughlin  - here is all 3 playing Mediterranean Sundance.

It's funny I have lots of Al di Meola's stuff, but Paco and John are sooooooooooooooo good too, some of Paco's other stuff on YouTube makes this clip look like childs play tho :)

As usual,

Peace guys....

Great interview, John Williams is top notch in my book. Would CNBS ever let Williams give them his information in a interview?  I doubt it.