Tickerguy With Max Keiser
The Market Ticker ® - Commentary on The Capital Markets
Posted 2011-09-10 13:20
by Karl Denninger
in Interviews
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Tickerguy With Max Keiser
 

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Phxkevin
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Where's the confidence? You got it! Great interview. Excellent presentation, very confident and strong presence, plus great content.

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Congress persons are all the same, republican or democrat, conservative or liberal. They talk a good game, but the results (or lack thereof) show something different.
Signas
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Reno
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Capital Formation = Bingo!!!!!

Early in my career I was saving 65% of wages late '70s early '80s With the explosion of ponzi said screw this took my capital and traveled for 5 yrs. starting 1982 while the dollar still bought something.

Now, I make an infinite interest rate on your dime. Thank ya Ronnie!!!

Always ride the horse all the way down!






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Carbon Credits "FOR SALE" Bring a wheelbarrow full of money!! I really liked the people that spent $58,000 to earn a $21.50 Carbon Credit
Uwe
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Excellent interview. Kudos to Max for allowing Karl to speak at length with minimal interruption.

Karl, you really should get a web-cam with a longer lens for these kinds of interviews. Wide angle lenses are intrinsically unflattering. Having met you in person, I know your nose isn't anywhere near as big as it looks in that video. smiley

-Uwe-

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“Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke
Genesis
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smiley

Due to how my workspace is set up I use my laptop for these; I don't exactly have a "studio" for these sorts of hits. Maybe some day....

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Flappingeagle
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Excellent job Karl! I have a question though, what would you do about capital fleeing the country for locations where cheap labor can be hired and polluting done at will?

Would you impose a pollution tarrif on all goods coming from a country with little to no pollution controls?

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
Genesis
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Wage and environmental-parity tariffs.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Uwe
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Just curious, how would you calculate tariff rates that would constitute wage and environmental "parity"?

Also, would you be OK with countries that have higher wages and/or even stricter environmental standards than we do hitting our exports with such tariffs?

-Uwe-

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“Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke
Gamma
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Your best TV appearance, evah. Hands down. The rising speed curve of your well-practiced ability to explain all this **** and the expanded appearance window of Max's show finally met. That should be good for about 539 copies, I reckon.

By the way, I think you can cancel the tag-team match with Wall St. Pro now.

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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...

Peterm99
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Uwe raises a great point.

I expect that were such "wage and environmental parity" tariffs to be enacted here, it would almost certainly lead to places like the EU and probably Canada to declare that our failure to adopt a whole slew of AGW-prevention related policies equivalent to theirs requires them to hit our exports with major "environmental parity" tariffs as well.

How would that work out in a big picture sense?

ETA: I am NOT in any way trying to imply that the AGW environmental claims are valid, only pointing out that other countries have enacted environmental policies based on the belief that it is real and controllable via their policies.

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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed

Reason: added the ETA stuff
Signas
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Question is though can the Empire withstand tariffs.

You can't have an Empire with 8-10% 10 yrs.

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Carbon Credits "FOR SALE" Bring a wheelbarrow full of money!! I really liked the people that spent $58,000 to earn a $21.50 Carbon Credit

Anti
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I liked the question Max asked about your $25T number and your answer. Better question than will ever be asked in MSM.

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Health is better than health insurance
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Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
Mannfm11
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I don't think exports have much to do with this. All these malfunctions are to bail out bankers. The Swiss made a bunch of loans in Eastern Europe that can't be paid with a strong Franc. The interest rate can't bail out the exchange appreciation. Never is devaluation done for exporters, as the costs come around to bite over and over again. They are done to provide bankers with cash. The biggest business in Switzerland is banking.

This is the same reason the Chinese can't raise the value of their money. Their banks have too much debt out there and a fiction can only play for so long. Every devaluation of the dollar has been to bail out banker. Exports have nothing to do with it. You can't make money selling stuff that costs more to produce at current prices.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Mannfm11
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This was maybe your best interview Karl. Be sure to put in print next to your book when it comes out. I will definitely order one.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Seven8n2
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Karl,

I loved the interview, as mentioned by others you have really improved your style and presentation of facts and figures. You have a way of putting things that many of the average people should be able to grasp. Of course I've always loved Max, even when he does the "loose cannon" thing, and channels Jim Cramer. In this interview he is relatively calm.

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O mia Patria, sì bella e perduta!
O membranza sì cara e fatal!
-G. Verdi
Attilahooper
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Excellent Karl. I think your knowledgeable presence kept Max from going into one of his insane and incomprehensible tirades.

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I like Sloppy Seconds
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tribute to Joey Ramone
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Smartmoney
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Impressive interview. I was beginning to think you were Professor at some economics institute. The speaking was fluent and the knowledge wise on the subject. I think you are ready for Prime Time. BTW, how do I get the book at the usual and customary discount. smiley
Sopratutt1
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deleted

Billy_ray_v
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Good stuff.
Not one mention of Financial Terrorists by Max too!
Why didn't you tell us you had Max as a guest in your spare room?
smiley
Usually you see these Max interviews with high latency satellite delays.
Looked real time to me.

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the consequences.
Myopia
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Excellent interview.
Bidz08
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Good stuff.
Sopratutt1
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Oh, c'mon, I have to report this.
Attilahooper wrote..
Excellent Karl. I think your knowledgeable presence kept Max from going into one of his insane and incomprehensible tirades.

Smartmoney wrote..
Impressive interview. I was beginning to think you were Professor at some economics institute. The speaking was fluent and the knowledge wise on the subject.

Attila, Smartmoney and other, here is an unsolicited advice: double check the knowledge before you qualify it as wise.
I will point out something obvious from the interview, however, nobody is talking about it here (wonder why? smiley?):
Karl wrote..
What the Swiss National Bank has said is that 'we are going to punish those people who live here and those people who actually need to consume and import things in order to protect a tiny little segment of our economy that provides exports.' You have to wonder the wisdom of this.


More at http://www.youtube.com/watch?v=qVl9V0GVQ....

When one thinks about "a tiny little segment", one thinks of what? 1%, 2%, 3%, or maybe 5%?

Now the facts:
1) Exports as a percent of GDP in Switzerland are 51.7%:
http://www.google.com/publicdata/explore....
2) Imports as percent of GDP: 40%
3) Switzerland is in the top 15% of the countries by the Exports (per $ GDP) statistics;
4) Switzerland is a big exporter of goods, as a country it ranks the 19th place by the total US dollar amount of MERCHANDISE exports:
https://www.cia.gov/library/publications....
5) Switzerland's industry and agriculture are 28% of GDP, while services are 72%, within normal limits I would say. As a comparison:
Country - Industry and agriculture - Services
Canada - 33% - 67%
China - 57% - 43%
Switzerland - 28% - 72%
UK - 21% - 79%
USA - 22% - 78%

Attilahooper & Smartmoney, how can exports be a "tiny little segment" of the Swiss economy when they export over 50% of what they're doing? Adding services or not, doesn't matter, there's nothing tiny in Switzerland's exports.
Wake up America. You can't accept to give an interview "about the Swiss central bank's move to peg the franc to the euro in order to lower the value of the Swiss franc", not know basic facts about the Swiss economy and pretend that you know what you are talking about.
Ls2gto
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Excellent video on why we are in a death spiral!

Karl, how did you resist choking Max the Silver Permabull?
Krzelune
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Did you know this interview was going to be on PressTV?

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The desire of millions, the inconvenience of millions, the suffering of millions, the death of millions, does not concern them because of the evolutionary humanist lens they peer through.
Genesis
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Yes.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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