Yes, that time of the week again for one of my favourite market, political and financial commentators... Max Keiser
Stacy Summary: We look at the latest scandals of the enemies of box-office futures, the octogenarian issuing threats and Goldman: the Movie, starring Divine? Or Tony Blair? In the second half of the show, Max talks to fund manager Michael Krieger about the dangers of a failed presidency.
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Anyone watched this yet?
The commentary in the interview with Michael Krieger in the second half of the show almost sounds like me in a mirror. ![]()
Obviously, I agree with Michael Krieger on the fundamentals he's discussing. I really hope this process of change goes mainstream because I believe it will change the world. But I am not sure if they really actually want it? Maybe they're happy with the scraps from the table in whatever form they can get them as Max laments when wrapping up.
Very interesting times we live in though.
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It's amazing, the corporatocracy that own the Fed and the government doesn't even try to hide their games any more, they know that they are the new superpower in the world. Interesting point at the end, about using the power of the consumer to cut off flows from the elite. People are unlikely to loosen the grip that their Cheeto stained hands have on their Wii controller and get off the sofa to save themselves though. If you act like a sheep then don't blame the wolves that will feed on you.
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True, but I made the change. I take absolutely the bear minimum in consumerist ideals and it's made me a better person for it. I still buy things as we all do, but it's different nowadays - I buy less, but much higher quality than I would settle for before. I support local business and avoid major chains. I spend most of my time in books or online (as you can no doubt tell by my spamming ways on Stackers) and generally don't watch TV or read papers. I effectively cut myself off from system in not only ideology, but also in the most practical sense I could that wouldn't bring harm or disadvantage my family.
You'd be surprised how easy it is. I can literally pile up everything I own on my desk at home - that's it. And what I do have either has high value in either a practical sense, or has a personal sentimental quality.
If everyone did that of their own volition, then we'd live in a very different world than we do today. But it's a massive paradigm shift for the average joe. Even when shown the door, they're reluctant and even resentful to walk through it and I've seen it many, many times before.
Change will come either willingly or forced in the end, but I really do believe it'll come. Humans have been bred to associate change with adversity and they resist it. I personally yearn for it, so I guess that's one thing working in my favour.
We shall see what we shall see I guess.
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