Charlie Rose

Gelles  02/27/2012 04:06 AM Report

Ricardo_Amaral ~

Most of this discussion is carried forward at:

http://www.charlierose.com/view/interview/12174#comment_87719

Gelles  02/25/2012 11:58 PM Report

Ricardo_Amaral~

Thank you for posts. I will try to find the 15 pages Henry wrote. I have posted his 1999 Keynes Hayek. I appreciated all of it.

I always try to use my real name on forums. I have used "Abba Lerner" rarely -- but do not remember when or where.

I like this forum for its host's work. He is really always trying to reach serious issues with an open mind.

I regret he has not ever ventured into profound monetary systems inadequacies.

I know my proposals on ustaxreform.us have no sizable audience -- but they do try to use logistical concepts of the quality (often an SKU code) and quantity of what money buys, rather than money itself, in making generalizations on the potential of "magic bullets" to do the skilled work needed for production -- and move the output we need to real people with too little purchasing power.

I glanced at Liu's Road to Hyperinflation. He is bogged down in the money details. Hyperinflation is best defeated by incentivised SAVINGS in the private sector and subsidized production to satisfy logistical planning.

I think we two might sensibly work together. I hope we can start here on the Rose commentary, and move to a venue where a half dozen agreeable people can build some theory that believes in "magic bullets" such as those found by OPERATIONS RESEARCH in WW II. The most famous I know of dealt with convoys -- make the convoy size as large as possible and the submarine kill rate at the circumference so high, Germany's subs were defeated overnight.

Let us try to find common agreement on some important issues. I know that is usually impossible when systems are so complex that separate brains have trouble talking to each other. We are stuck with separate brains, but we may yet find a lot of common ideas.

Ricardo_Amaral  02/25/2012 07:06 AM Report

Gelles, you might enjoy participating on the discussion at the Elite Trader Economics forum.

My screen name in that forum is SouthAmerica.

If you decide to participate on the discussions on that forum then please let me know your screen name

that way I know that I can have a civil discussion with you.

There are about 6 guys in that forum who are just trouble makers and they add nothing to the discussions – and some of them are semi-literate – but there are other members that make possible to have an intelligent discussion on various subjects.

You might enjoy reading the postings on this thread:

The End of America

http://www.elitetrader.com/vb/showthread.php?s=da80b39ac130b95be1e418ab1a48ec62&threadid=237214&perpa ge=6&pagenumber=4

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Ricardo_Amaral  02/25/2012 06:26 AM Report

Gelles, I know who Mr. Henry C K Liu is, I read some of his articles over the years, and even quoted him at the Elite Trader economics forum a few years ago at:

Major Recession or a New Depression?

http://www.elitetrader.com/vb/showthread.php?s=&postid=1767726&highlight=Henry+C+K+Liu#post1767726

...January 28, 2008

SouthAmerica: Here is an article published over the weekend by Asian Times. This is the kind of article that the Asians who are supporting and keeping the US economy afloat are reading.

I wonder if many people in La La Land (Wall Street) also will take the time to read Mr. Liu’s latest article “THE ROAD TO HYPERINFLATION”.

It is worth taking the time to read the entire article. (15 pages long) Here are some highlights of Mr. Liu’s latest article:

THE ROAD TO HYPERINFLATION

Fed helpless in its own crisis

By Henry C K Liu

Published: January 26, 2008

Asia Times – Hong Kong

***

By the way, Asian Times also have another outstanding analyst – his name is Pepe Escobar.

A number of people asked me to send my articles to be also published by the Asian Times, but I never sent it.

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Gelles  02/24/2012 09:57 PM Report

Give me a break. Take 15 minutes to read Electric Money

http://ustaxreform.us

Its new and belongs to you. You can change it to make it what you see as the truth. Give us some of your wisdom. It will do the rest.

Gelles  02/24/2012 07:14 PM Report

If you wonder why I mentioned Henry C K Liu, a gentleman with whom I enjoyed the now closed Post Keynesian Thought forum -- a great website decades back, let me offer you his Keynes and Hayek posting as it was then. I will try to get us all to agree on solutions to unemployment now -- in months to come. I wish Henry Liu would write to this Charlie Rose archive. He is a real cut above all I read here. But he is an original thinker with decent sympathies for the truth and the Golden Rule. There are still a few typos in the following target -- I will correct them ASAP:

http://ustaxreform.us/liu-keynes-hayek.htm

I do not recall if PKT had post-send edit. Charlie Rose archive does not. What a shame.

Gelles  02/24/2012 02:44 PM Report

Dear fellow writer Ric Brazil ~

Glad to hear you're not a tout at the race track called a stock market.

For year I used to write my own theory (I still do) along with Henry Liu who graduated from our web users forum to be a big shot on the Asia Times:

..... " Henry C K Liu was born in Hong Kong and educated at Harvard University, US,in architecture and urban design. His interest in economics and international relations started when he participated in interdisciplinary work on urban and regional development as a professor at the University of California Los Angeles, Harvard and Columbia. He is currently chairman of a New York-based private investment group. "

Henry does not sound like you. He is not shrill or cute.

Do you read him?

I listen often to Bloomberg business stories. They illustrate how business makes billionaires out of gifted people.

I see merit in what happens. It is when our real system makes workers poor for no good reason that I get motivated to reform ALL OF OUR MISTAKES.

Poverty is unnecessary and criminal on the part of we who tolerate it.

Totalitarian political-economies have all been evil in my lifetime. Hitler, Stalin, Pol Pot are examples. Wikipedia writes,"Pol Pot was a Cambodian Maoist revolutionary who led the Khmer Rouge from 1963 until his death in 1998. From 1976 to 1979, he served as the prime minister of Democratic Kampuchea. Pol Pot became leader of Cambodia on April 17, 1975. During his time in power he imposed agrarian socialism, forcing urban dwellers to relocate to the countryside to work in collective farms and forced labour projects. The combined effects of forced labor, malnutrition, poor medical care, and executions resulted in the deaths of approximately 21% of the Cambodian population. In all, an estimated 2 to 4 million people died under his leadership.

So my utopian visions do not include evil outcomes. We must focus on enriching the poor and leaving many of the accomplishments the rich alone. I'm opposed to all taxes. The federal money monopoly makes taxes a waste of time and effort.

The Economic Security Agency (ESA), that I want to replace our federal tax law and all the waste it imposes on our nation, would not try to boss our economy. It would be like the FDIC (deposit insurance) -- a protection of us all from avoidable accounting and legal errors. Debt-based money is an error, inherited from ancient times.

I am an accountant and a lawyer. My hobby is economics. You are a writer -- good for Brazil, maybe. Nonsensical for Americans.

I am sure you are fun, in person. In print you are useless to the poor and middle class. Why don't you root for labor and putting an end to systemic error that results in unemployment and horror in many of our poor places.

Ricardo_Amaral  02/24/2012 08:38 AM Report

@Gelles – You said: “Ricardo Brazil seems to be a trader in investment markets.”

I am not a trader.

Brazzil magazine - Author and Columnist: Ricardo C. Amaral

http://brazzilnews.blogspot.com/

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SharkswithfrikingLazers  02/24/2012 02:13 AM Report

Charlie!

He tells us, "China will be using as much as oil as we do in a decade."

We have found our zero sum game my friend.

SharkswithfrikingLazers  02/24/2012 02:10 AM Report

Yes on Natural Gas and he tells us it is the biggest innovation in last couple of decades. Shale natural gas gives us quite a surplus.

T. Boone Pickens has been speaking out on the issue of peak oil, claiming that world oil production is about to enter a period of irrevocable decline. He has called for the use of natural gas to power the country's transportation systems.

Pickens's involvement with the natural gas fueling campaign is long-running. He formed Pickens Fuel Corp. in 1997 and began touting natural gas as the best vehicular fuel alternative because it is a domestic resource that, among many advantages, is cleaner-burning (Natural Gas Vehicles or NGVs emit up to 30% less pollution than gasoline or diesel vehicles) and reduces foreign oil consumption.

Reincorporated as Clean Energy Fuels Corp. http://www.cleanenergyfuels.com/ in 2001, the company now owns and operates natural gas fueling stations from British Columbia to the Mexican border.

Let's go to Natural Gas for our trucking industry.

SharkswithfrikingLazers  02/24/2012 01:58 AM Report

Yes, Yes, a thousand times yes:

We need more efficient vehicles—-from 20 mpg to 54 miles per gallon as he says.

SharkswithfrikingLazers  02/24/2012 01:55 AM Report

Ahh, and the gas price for devastation is:

Well he would not tell us the devastation price but the brakes are applied at $4.50 to $5.00 a gallon and this would be a big hit.

Friends, drive below 60 mph and make your next car drink gas by the drop instead of by the gallon.

SharkswithfrikingLazers  02/24/2012 01:49 AM Report

He tells us that the Saudis say they will meet the needs of our customers. They have spare capacity.

Oh well, better late than never friends of the world economy.

SharkswithfrikingLazers  02/24/2012 01:42 AM Report

Yes as he says, China is balancing their need for oil with their need for relationships.

RULE NUMBER ONE: Get all the oil you can.

RULE NUMBER TWO: Avoid all conflict.

To help with rule number two, finance America as it engages in more conflicts than it can possible afford and by holding their debt become even stronger.

Brilliant!

Ricardo_Amaral  02/23/2012 04:52 AM Report

TED – February 2012

Garth Lenz: The true cost of oil

http://www.ted.com/talks/garth_lenz_images_of_beauty_and_devastation.html

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Gelles  02/23/2012 02:58 AM Report

Daniel Yergin knows the history of the oil business and answered all questions in a common sense way -- using history where it helps.

Nobody knows the future of oil as a fuel or the future of oil as a raw material for better uses than burning.

If I were president, I would insist on hydrogen as our universal fuel. It would be produced from sea water and solar/wind/ocean temperature-&-kinetic energy sources. The primary energy would make electricity. The electricity would make hydrogen. Oil would make carbon based permanent materials and fertilizer.

Ricardo Brazil seems to be a trader in investment markets. These markets may have a good future. Or, if they invite players to lose too much too often, they will eventually be replaced by win-win systems.

My own preference is for win-win systems, such as I discuss in ustaxreform.us on the web.

BullBrahmin  02/23/2012 02:53 AM Report

How come Iraq's new swing capacity wasn't mentioned or asked about?

Ricardo_Amaral  02/22/2012 08:29 PM Report

If you are in the mood for some interesting seminars regarding energy then watch this:

Exponential Function and Growth

The Most Important Video You'll Ever See (Part 1 of 8)

http://thefinalcollapseoftheusdollar.blogspot.com/2011/05/final-collapse-and-meltdown-of-us.html

And

Global energy solutions proposed by Jeremy Rifkin:

http://thefinalcollapseoftheusdollar.blogspot.com/2011/07/jeremy-rifkin.html

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Ricardo_Amaral  02/22/2012 08:20 PM Report

More reality check for the United States and Israel:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3425902&highlight=gold#post3425902

January 25, 2012

SouthAmerica: Here is another episode of the hit TV comedy series “Israel and the USA are going to attack Iran...”

As usual the Iranians will laugh one more time all the way to the bank, but this time around with a ton of GOLD!!!!!!

Moral of the story:

US dollar out!!!!! Obsolete, worthless, getting out of fashion faster than the BlackBerry.

Gold is in as the main currency for payment of commodities in the world markets.

I hope that you also will have some good laughs after you watch these videos.

I am not kidding, we actually have bigger fools around the world than the mainstream media gives credit to them, but that is the reality.

All we can do is laugh of old Europe and old USA – what a bunch of fools.

And most of these fools are supposed to have a brain to think.

Oil-for-gold: Iran to dodge US ban with metal shield? - January 24, 2012

Oil-for-gold: Iran to dodge US ban with metal shield? - January 24, 2012

http://youtu.be/3vD8Y1jLo58

'Warships real deal, Iran oil ban is propaganda' – January 24, 2012

http://youtu.be/99uDPgmjOPg

Why does the EU join in sanctions against Iran? - January 24, 2012

http://youtu.be/Bzr9zEN00As

Note: Just keep in mind as you play along with these pathetic people - the USA/Israel/Iranian crisis is only a "Wag the Dog" strategy to take attention away from the real crisis: a collapsing global economic and financial system based on the US dollar.

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Ricardo_Amaral  02/22/2012 07:56 PM Report

Here is some info about the oil market in the old USA:

Oil Price Manipulation 1

http://www.youtube.com/watch?v=doZCowS86no&feature=results_main&playnext=1&list=PLAD3879E8CA5D1696

***

Oil Price Manipulation 2

http://youtu.be/b-1KJMnIupw

***

Oil Price Manipulation 3

http://youtu.be/Kaim0CuyJjw

***

Oil Price Manipulation 4

http://youtu.be/ddFOjuXht78

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Ricardo_Amaral  02/22/2012 07:53 PM Report

The Financial Times had an article today (Feb. 22, 2012) "Asian customers plan big cuts in Iran oil imports."

The Financial Times looks silly when they publish the government propaganda regarding Iran.

Someone forgot to tell Goldman Sachs that the Iranian economy is collapsing, as the article said: "Then there's the strawberry on the cheesecake, too delicious to pass up. Goldman Sachs has just placed Iran as one of the "Next 11" in the developing world after the BRICS, only one among five developing nations with above average "productivity and sustainability of growth". Perhaps a Persian Britney Spears should be singing "Baby, sanction me one more time."

If there's a company that knows what is happening in the oil market that company is "Goldman Sachs the Pillage People" since they manipulate that market.

And they also know that Iran's cash flow from oil revenues is doing very well.

Here is a reality check for the United States and Israel:

Asia Times – February 22, 2012

“Real cowards go to Tehran”

By Pepe Escobar

Imagine the classic United States neo-conservative wet dream; staring at Iran on a map and salivating about the crossroads between Europe and Asia, between the Arab world and the Indian subcontinent, between the Arabian Sea and Central Asia, with 10% of the world's proven oil reserves (over 150 billion barrels) and 15% of proven gas reserves - an energy complex bigger than Saudi Arabia and arbiter of the energy routes from the Persian Gulf to the West and Asia via the Strait of Hormuz.

It's like a pudgy armchair action man mesmerized by a nimble lap dancer. I'm gonna make you mine, honey. It's regime change time, gotta snuff out the owner of this joint. Otherwise, people will start talking; what kind of chicken global hegemon is this?

So the neo-cons got their New Year's Eve Barack Obama administration's Iran sanctions/embargo package, duly replicated by the European poodle parade. But it was not supposed to be like this. The lap dancer leapt from the stage and applied a neck scissors on the armchair action man; he's suffocating, not her. The whole thing is ... misfiring! Just like the latest neo-con Big Idea - the invasion, occupation and inevitable defeat in Iraq, to the tune of more than US$1 trillion.

Baby, sanction me one more time

Let's review some of the latest evidence. Tehran has just sent two of its warships through the Suez Canal towards the Mediterranean; they docked at the Syrian port of Tartus - no less. Not so long ago, disgraced dictator and close House of Saud pal Hosni Mubarak would have probably bombed them.

Tehran cut off oil exports to the top European war poodles, Britain and France. That's only 1% of British imports and 4% of France's imports - but the message was clear; if the depressed Club Med countries insist on following Anglo-French warmongering, they're next.

Brent crude is hitting $121 a barrel - an eight-month high. West Texas Intermediate, traded in New York, is hovering around $105. Brent is crucial, because it sets the consumer price for gasoline in most of the US and Western Europe. The neo-cons swore on their Bibles and Torahs there would be no oil spike. It happened - like clockwork, proving once again their knowledge of market speculation is of a two-year-old (no offense to lovely two-year-olds).

The funds Tehran is losing because of the sanctions - in terms of less exports to Europe - are being largely compensated by the oil-price spike caused by the neo-con-driven warmongering. On top of it, Tehran is bound to sell more oil to its top Asian clients - China, India, Japan and South Korea, and even Turkey, all of whom, with varying degrees of diplomacy, have told Washington to mind its own business.

As Asia Times Online had advanced, it took some time but Iran and China have just closed a new oil pricing deal. And the Iran-Pakistan gas pipeline is a definitive go. And Afghanistan and Pakistan - as well as Iran - badly want to be admitted at the Shanghai Cooperation Organization (SCO), accelerating regional economic integration.

The fact that the Israel lobby drafters of the sanctions package couldn't foresee any of this proves once again they live the vegetative life of armchair "action" men.

Neo-con parrots are left to the "sanctions are biting" blah blah blah. Or to State Department spokeswoman Victoria Nuland, married to neo-con Robert Kagan, assuring pressure is being put on all these countries so they may do "what they can to increase sanctions, particularly to wean themselves from Iranian crude". Nobody is "weaning" from anything - apart from the self-defeating European poodles.

Also exposed is the myth of Saudi spare capacity. There is none. Saudi reserves are falling at a rate of 3% a year (it's exporting 11.8 million barrels a day, and falling). Moreover, the House of Saud does not want to pump more oil; it needs high oil prices to bribe its own population out of noxious Arab Spring ideas.

Then there's the strawberry on the cheesecake, too delicious to pass up. Goldman Sachs has just placed Iran as one of the "Next 11" in the developing world after the BRICS, only one among five developing nations with above average "productivity and sustainability of growth". Perhaps a Persian Britney Spears should be singing "Baby, sanction me one more time."

Baby, I'm coming to get ya

From the point of view of Washington, the only thing that really counts in the interminable nuclear charade is whether Iran may reach the ability to build a nuclear weapon in record time in case the leadership in Tehran is absolutely sure the US/Israel axis will attack.

That's exactly what Director of National Intelligence James Clapper told the US Senate Armed Services Committee last Thursday; Iran is "more than capable of producing enough highly-enriched uranium for a weapon if its political leaders - specifically the Supreme Leader himself - chooses to do so."

What Clapper didn't specify is that Tehran is enriching uranium to a paltry 3.5%; a nuclear bomb needs 95% - and that would be immediately detected by the International Atomic Energy Agency.

If that happens - and that's a major if - there's no way regime change from the outside may be imposed. Thus bye bye to the Big Prize in oil and gas coveted by anyone from realist Dr Zbig Brzezinski to former Darth Vader, Dick Cheney.

So it's Ouroboros all over again - the serpent biting its own tail. We need to bomb to get regime change, so that oily dancer will dance on our wealthy lap.

The problem is neither the Obama administration nor key Pentagon generals are convinced this is a good deal.

Chairman of the Joint Chiefs of Staff, General Martin E Dempsey, thinks, "It would be premature to exclusively decide that the time for a military option was upon us."

And Lieutenant General Ronald Burgess, director of the Defense Intelligence Agency, told Congress last Thursday, "Iran is unlikely to initiate or intentionally provoke a conflict." No wonder; Dempsey himself admitted that the leadership in Tehran - contrary to relentless neo-con media spin - "is a rational actor".

Does this all matter for the neo-cons and their legion of media shills? Not really. Until they find a sucker to fight a war for them - as in a Republican US president - real cowards will keep going to Tehran, all day and all of the night, in their wettest of wet dreams.

Pepe Escobar is the author of Globalistan: How the Globalized World is Dissolving into Liquid War (Nimble Books, 2007) and Red Zone Blues: a snapshot of Baghdad during the surge. His most recent book, just out, is Obama does Globalistan (Nimble Books, 2009).

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Ricardo_Amaral  02/22/2012 07:41 PM Report

Here is what I posted on the Elite Trader Economics forum regarding the price of oil, "Goldman Sachs the Pillage People" very heavy speculation and market manipulation of the oil market, the real reason the US and Israel are beating again the drums of war against Iran, and so on...

February 18, 2011

SouthAmerica: ...You also said: “We are watching you and can shut you down at any time.

This is your second warning.”

That means that you are associated to “Goldman Sachs the Pillage People” in some way, since your first warning you posted on the “Goldman Sachs the Pillage People” thread at ET.

I understand that “Goldman Sachs the Pillage People” is a major manipulator of prices in the oil market. If you want I can find the videos that describe “Goldman Sachs the Pillage People” speculation and heavy hand in setting up the market price of oil. And because “Goldman Sachs the Pillage People” is a major speculator regarding the oil market your company must be up your eyeballs with inventories of oil, and you want to keep the price of oil artificially high for as long as you can for obvious reasons.

I can see why your company feels threatened by this video by Max Keiser and his guest talking about what is really going on in the oil market.

With the demand for oil falling off a cliff like it has been happening for the last 4 months, then the price of oil should be going down, in turn making your company lose a ton of money on your oil market speculation.

These videos from Gerald Celente and from Max Keiser are saying that we are descending very fast into a great depression with European economies imploding and the domino effect which will affect everybody – there's no place to hide from this great economic depression.

By the way, if you read many of my other postings and articles then you would learn that I have been writing on this subject for many years.

For you to try to intimate me for a second time on behalf of “Goldman Sachs the Pillage People” here on ET, that means that you guys at “Goldman Sachs the Pillage People” must be in complete PANIC mode right now, and if you feel so threatened by what I write and the videos that I post here on ET, then that shows how deep GS is in trouble, and must be afraid of collapsing just like Lehman Brothers did in 2008.

But this time around there's no US government bailout for you!!!!!!!!!!!!!!!!!!!!!!!!!

*****

Here are the videos by Gerald Celente and by Max Keiser that serve as a reality check for what is really happening in the oil market:

United State and tanking energy consumption

http://www.youtube.com/watch?feature=player_embedded&v=Iu156DguEIE

In the second half of the show, Max talks to Charles Hugh Smith of OfTwoMinds.com about social fractals, tanking energy consumption and a citizenship futures market.

Another reality check: He also talked about the limited potential for generating revenues from a social network such as Facebook.

*****

Battlefield USA 2012: Gerald Celente on year's top trends – February 16, 2012

http://www.youtube.com/watch?feature=player_embedded&v=PG6Fh0SWMJs

The world economy is collapsing faster than most people realized.

*****

'Iran never short on oil customers' – February 20, 2012

http://www.youtube.com/watch?v=mF7dJILzgqU

Iran is not losing too much from an Europe sanctions since the Europeans can't pay their Oil bills anyway.

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DDD  02/22/2012 07:32 PM Report

Charlie

My suspicious that your show and your self worked for the R,F family and the rest of the gang who represent the core of the world order was with 99% certainly during the summer of 2009 when I watched your show for the first time in Iran and not long time ago it was confirmed, BY THE WAY you don’t need to be so cocky for it

tabs  02/22/2012 07:16 PM Report

Let us discuss Iran and oil. One simply knows that with the increased Iranian saber rattling rhetoric that the "new" sanctions are putting pressure on the regime. The Iranians in return seem to have figured out how to respond in a way that will hurt the west where it really counts and that is n the pocket book. By threatening military action aimed at disrupting oil supplies and cutting off UK and French oil supplies the price of oil has spiked. This higher cost of oil will in affect dampen the fragile reurgence of the US and world economy after the 2008 debacle. The question is who will say uncle first?

DDD  02/22/2012 07:15 PM Report

Charlie

My suspicious that your show and your self worked for the R,F family and the rest of the gang who represent the core of the world order was with 99% certainly during the year of 2009 when I watched your show for the first time and not long time ago it was confirmed, BY THE WAY you don’t need to be so cocky for it

SharkswithfrikingLazers  02/22/2012 06:44 PM Report

Here is what we should have heard:

Question from CR: When will Iraqi oil flood the market and restore economies around the world?

Answer from Yergin: It is now happening Charlie. Iraq is completely back in the oil business. In fact, from our trillion dollar investment we expect this next decade to be one of milk and honey for the world because oil will be plentiful and we won't be buying it from terrorists any longer.

REMant  02/22/2012 11:46 AM Report

Come, come, the price of oil depends on its utility and the quantity of money in which it is traded. Both of these argue that it will continue to rise for the foreseeable future regardless of how much is pumped out of the ground or any semblance thereof, unless demand collapses. Supply has little to do with it. The fact that Bernanke has managed to pump a lot of money out of Washington will hardly keep the price down if any degree of economic activity resumes, and oil and gas certainly will make up an increasingly larger portion of budgets. It was precisely "the great recession" which put commodities in the driver's seat, reversing years of exploitation. That will not change unless real productivity increases. Yergin, who is a political scientist with a neocon bias, has in the past decade been consistently wrong about oil fundamentals, too. See also my comment on the first half of this hour.