Tuesday, Jul 20, 2010
Mad Max talks to Fred
Max keiser interviews Fred: Max Keiser - Economist Says Current Financial Struture Will Cost Us 10 Year Depression
Yes its January of this year, but think we missed it! starts at about 2mins in, sadly gets cut off right near the end.
Posted by techieman @ 01:50 PM (590 views) Add Comment
12 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. titaniccaptain said...
Max Keiser and Fred Harrison = good viewing...
here is Max's latest offer...
2. techieman said...
Max sums it up at 16:20 [in response to Ben at 14min].
3. Ndg said...
You can hear the ending @:
http://maxkeiser.com/2010/01/28/kr12-keiser-report-markets-finance-scandal/
4. titaniccaptain said...
Agreed Techie....
5 Trillion of debt vs a few billion of QE is NOT a recipe for inflation!!!!!!!
Inflation will come much later and look out when it does!
Then Gold will just go to the moon....
5. techieman said...
"Then Gold will just go to the moon...." True enough but its when is then and where will it go before then. Same with the greenback.
As usual timing is everything.... something that a few on these boards and my current nemesis in particular - i have had a few! - just dont seem to be able to get their heads round!! aw well c'est la vie!
6. titaniccaptain said...
I am glad you raise the point about timing Techie.....
It depends on how much you think Gold (Yes its lovely, yellow and shiny so deserves a capital G) is going to increase.....
If gold is going to fall back to 700 dollars PTO or 300 pounds PTO then any rise to today's levels will seem like astronomic rises if bought at the bottom.
However if you think that Gold will 'go to the moon' above today's pricing then now is always going to be a good time to invest regardless of the volatile ups and downs it is now experiencing......if you buy now and the price drops back to where it was a year ago then rockets above today's price then your still going to be a winner.
The question you must ask is which is the more likely of two scenarios.
1. The dollar will collapse.
2. The dollar will be victorious and gold will have been proven to be in a bubble.
and there is also a another very important question..... if gold is not in a bubble and is massively undervalued can it still rise above a strong dollar and what could make such an event unravel?
7. titaniccaptain said...
p.s.
I just found Kerry Katona attractive.........................either I need help or she is actually looking rather wonderful.
8. techieman said...
TC @ 6 - well that depends what you are used to! [not my type but each to their own]. As for gold - as you know i had a fair amount at pretty low levels around $300. I got out of most in march 08 - discussed on here actually.
As for the rest of it, i hold it on the basis of insurance really. I am not bullish on it at all. The last call i gave on it was when it was 1175 (on the way up) and even then i didnt say buy i just said "an interesting level". Of course i meant buy ... but i would say that now wouldnt i! :-).
I generally think it wont be saved from the deflation - but i am prejudiced by Mr. P on that.
I think holding it for the long term makes perfect sense - so long as you dont buy on margin and can ride out the storms. Personally i dont think i will buy more unless we get a real collapse.
As for the dollar i think this is the inverse of gold - i.e. we will have a dollar collapse eventually, but first we will have a strong dollar - particularly against the Euro and GBP (i am not that interested in the Chinese and indian currencies because i think these wont be the ones to trade against to maximise long dollar positions).
Having said all that we may have a bit more dollar weakness first, but soon i see the dollar marching on in leaps and bounds. You see you are right of course, about just buying it, caveat emptor and all that. Whereas for me i want to actively try to find near the highs to sell it and near the lows to buy it.
Anyway what does the soothsayer.... er say? [i mean the TC mother indicator].
9. titaniccaptain said...
"well that depends what you are used to"............anything ranging from models to things washed up on the beach.
"Anyway what does the soothsayer.... er say? [i mean the TC mother indicator].".....
Ah you refer to 'The Valleys Calender'!!!!
I have tried to moisten my mothers throat and lungs by placing hot coals in her bedroom and throwing buckets of water over them......
So far .....no luck.....not even slight chesty wheeze....
"I generally think it wont be saved from the deflation".......
Again this is something that keeps cropping up without the proper questions from those that oppose the view that Gold will sink in deflation.......the question that needs to be asked is this....(I love questions as you can tell).......(And brackets (even started putting brackets within brackets) which help me deviate and colour up my drivel).....
Will deflation cause further sovereign debt problems? and if so will that set in motion the end game for many currencies like the dollar or pound?
If so then Gold must thrive after currency apocalypse triggered by deflation.....how far down the rabbit hole have we gone and is there a big giant bunny called Buba there waiting for us ready to give us all very sore bottoms?
10. techieman said...
Fair points TC..... i don't know... the fact is no-one does not even old HPW!! [although he will tell you he does!].
Cheers and Goodnight!
11. hpwatcher said...
Max Keiser is great fun, though ever the committed deflationist, most of his predictions have still yet to be fulfilled i.e. collapse of Sterling, collapse of the Yen etc etc. However, he has always - and continues to be - very, very bullish on Gold & Silver.
12. hpwatcher said...
Oh, and one more thing.
It is estimated that for every 10 troy ounces of ETF/unallocated/paper gold, there is only 1 ounce of real, physical gold.