Global Economics 101

Karl Denninger gives an insightful economic interview on The Still Report.  Even though the date was July 2010, the information helps in understanding what is occurring in the global economies right now.  Denninger further explains why a gold-backed currency would not be a good idea for the United States.  If I could pick the U.S. Treasury Secretary, he'd be my guy.



Noa's picture

Every week Max Keiser looks at all the scandal behind the financial news headlines.

This week Max Keiser and co-host, Stacy Herbert, talk about the European penny drops as more banks need more bailouts while the public debt clock ticks up to $40 trillion. In the second half of the show, Max Keiser interviews Michael Betancourt about the threat that Occupy Wall Street presents to our modern form of capitalism that relies on ignorance and passivity in the population in order to operate schemes of fraud and bubbles.

Please go the site to listen to the video:

Noa's picture

I almost didn't post this because I sense that some of you will be offended by some of Max Keiser's off-color remarks, but the information on global markets is too important not to share.

This week Max Keiser and co-host, Stacy Herbert, look at bank stocks ablaze and a Grecian vortex. They also discuss speculators responding to falling prices by smashing showrooms in Shanghai and holding Congress hostage in America. In the second half of the show, Max Keiser interviews Leah McGrath Goodman about Occupy Wall Street, the Koch Brothers and oil derivatives and the new market in water derivatives.

Please go the site to listen to the video:

Viveka's picture
Viveka's picture

Sorry seem to be getting worse at this Lol,

its a 50 year old cartoon that tried to show what was ahead.


Wendy's picture

Thanks for the post Noa,

I find this debate very interesting. I think it's important to note that Ron Paul advocates competition amoung currencies and allowing the consumer to choose which they want to use. I'm not sure he's completely against government issued fiat money, he just feels that gold and silver backed money ought to be allowed as well and that in the end, those currencies would win out as being the ones that most people would prefer because they would more faithfully hold their value. I think the model that the US was originally founded on - that we would have competing states and that people would move to the state that has the best government is sort of the same idea.


Noa's picture

I used to subscribe to the notion that gold-backed money is sound money.  Now, I think it's a trap for these reasons...

1.  The Elite own most of the gold.

2.  There is no gold in Ft. Knox.  It was secretly sent to Europe.

3.  Gold is scarce and cannot keep up with actual goods and services traded.

4.  As Denninger states, the U.S. has little gold left to mine.

5.  This country thrived under the Colonist Scrip, a fiat currency backed by the actual goods and services traded... that is until Central Banks took over with fractional reserve lending and debt-based currency.

Watch The Money Masters


Noa's picture


Another great Keiser Report, episode 221.

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