Short Changed

00:01 Sounding great and feeling really straight, it's time once again for the show that emanates from two different corners of the place we call Gitmo Nation. Coming to you from Gitmo Nation east and south west London in The Currie Terrace I'm Adam Currie...I'm John C. Dvorak here in northern Silicon Valley in THE Gitmo Nation. Howdy my friend! Well, we just did a show on Thursday and now we're doing one. I think we're going to move this one though for people out there who want to know probably Sunday Why is that? Well i think it's because you got Thursday Friday Saturday then Sunday Show and then Monday Tuesday Wednesday And you know the I think it breaks it up better but get that one extra day weird things happen on Saturday well yeah now I don't know a lot of covert decisions are made on Sundays

00:49 You know I don't want to do it on Monday. No no forget it well It's okay, I must say though. I noticed that when we did the show on Thursday you you were in a much More awakened state than on the weekend and myself as well probably Awake yeah like like really because we didn't get plastered tonight before Says you Yeah so I, we were talking just before the show started and of course then i said oh let's just get the show rolling because you're uh you're outraged and um and i just want to kind of feed you and just pour more fuel on the fire because i really need a good solid JCD rant. Okay here we go ready? Do do i get to interject or do i just sit back and listen for the whole rant? You know what you can throw in anything you want okay yeah let me say yep hey John how about that SEC

01:48 Yeah, how about that SEC? Okay here we go. Here we go. Now let me just here's what set me off I'm reading this four-page article on Reuters about savings lost to Madoff elderly elderly forced to force back to work talking about how some 90 old guy has to you know work at McDonalds and all that kind of because Because made off lost his pension fund money Yeah, right and the list is out by the way in it What we blogged it yeah and you can get links to it that's been linked by, but it has been pulled down from a couple of the sites. Yeah thank you for the link I downloaded it what is like 350 names on there? No its more than that, its like 160 pages. Oh no im sorry 650 names. No no no its more than that!

02:37 It's a hundred and sixty pages, and each page has about fifty or sixty names on it each. Thousands! Jesus Christ! Unbelievable... And all with addresses? Yeah the cool thing is that it has a search engine the PDF file does. You can look up the city you can look at London for example see how many people in London were burned I got to laugh out of Beverly Hills that was kind of funny Beverly Hills, a bunch of Beverly Hills Of course the real concentration is New York City thousand, I think two thousand people in New York City alone or something like that. Yeah and also a lot in Boca Raton and Palm Beach the retirees so you're reading this list and you're thinking hmm what no I'm actually reading this list looking for people Arthur Rock's name showed up

03:22 one of the original venture capitalists who invested in Apple in its early days. Oh, okay! Alright... And what's also kind of pathetic about that list is you start looking at it and it's like do you see the name of the husband? The name of the wife and the name of the family trust? Yeah big word there on Wall Street Trust yeah we love those Family Trust I guess your family is now out of business. Yeah kaput So alright so I read this This is what set me off This is the last two paragraphs of this long article. After losing money to Madoff, Lawrence Vavell, Dean of the Massachusetts School of Law said both the U.S. Securities Exchange Commission and the Financial Industry Regulatory Authority could be held liable for investors' losses. Quote, The brokerage industry is responsible for this because they are people that caused all of this he said

04:18 So I'm thinking, oh wait a minute. Are you telling me that because of these boneheads and I sent you a picture of Linda Thompson and her cohort... I wouldn't hire them in my company Two lawyers, by the way who don't know anything. I want you to go to that photo which i sent actually I got it here yeah read that little quick a little caption SEC officials Laurie Richards left and Linda Thompson described how the SEC has not been able to keep up with the increasing complexity of the financial markets in other words they can't keep no they can't keep up their course not lawyers

05:01 Who looks, what's the name on the left? Lori Richards. She looks like she has to take a massive dump in this picture You oughta see pictures of the other one Anyway so... But meanwhile they can go after Martha Stewart Okay, John hold on a second. Let me get you a little more incensed Don't you think that it is perhaps possible? That they're protecting Madoff because he's lots of people had to know the Madoff thing is a fractal John It's a fractal of the entire fine. I know there's some something hokey going on And there was also an SEC person involved in the end of made off family of course beside the point III don't I'm actually of the opinion that this is just bureaucratic incompetence

05:42 And people are put into a job and they know since they're professional bureaucrats that all they really have to do is sit back, make a little stink here and there. Go after Martha Stewart get a lot of ink for that by the way so I did a calculation on Martha Stewart's horrible crime compared to this thing and just to give people a little idea of this Martha Stewart was going to what she had done wrong wasn't he listen to her stockbroker tell her that the daughter of this CEO was selling all the stock in the company, she held some stock and so she decided to sell. That's the whole thing. That's a whole major crime. And it was what? $67000 or something like that? No no its 45673! Dude people are in jail for life because they got caught smoking marijuana three times come on I mean yes of course its crazy So the factor between Madoff scam and Madoff by the way is still out

06:42 Yeah, he's in a Park Avenue home arrest. It is 1.09 million like thousands of degrees of magnitude and I decided how am i going to compare Martha Stewart's great crime that these two women by the way the woman Thompson was was the main person after Stewart If you read her bio, she was taking great pride in busting Martha Stewart. The factor is if you take the Earth to the Sun's diameter it's a hundred and one. This is ten thousand suns!

07:18 But compared to the earth, 10 thousand sons compared to the earth. That is the difference between Martha Stewart who ended up in jail and this crime that was handed to them on a silver platter apparently time after time they refused to do anything about it so now I'm reading that these taxpayers may be liable for this So, I look into this. Well you know then again i'm going to look at the Financial Industry Regulatory Authority who was the head of that thing from let me see 2006 to 2009 oh man I can't wait to hear it Mary Shapiro! Mary Shapiro was they had of that operation she should have something to do with what is Mary Shapiro doing now? She was appointed by Obama

08:11 Un-ba-lievable. Unbelievable. And what kind of change is this? This woman, Mary Shapiro who you can look at her picture she has been essentially a bureaucratic hack working with Clinton's administration George HW Bush administration Ronald Reagan she was actually the chair of the SEC temporarily under Reagan She has always been in these one of these positions that she took over that the FIR

08:52 the financial industry regulatory authority and she was in there from 2006 to 2009. She should have done something about Madoff, she did nothing! And meanwhile now she's the head of the SEC and her...she is exactly the same as these other women a lawyer with no financial background whatsoever. Well this further solidifies... How is this change? Well, this further solidifies what I've been saying for over a year now and others from much much longer that it's a wrestling match its like professional wrestling we get these two parties we got the guy in red cape the guy in blue cape and they pretend to wrestle around

09:29 We're gonna say this is the guy we want to win, but it's the same people behind all of this. There is no change It's exactly the same people from the past two administrations who are in there wreaking havoc Wreaking havoc and everything is reeking as the word Now I guarantee you that the US taxpayers are going to get stuck with a $50 billion bill because of these women. But this is the scam, John! This is the scam! The scam is... and I betcha lot of people on those thousands names on the list are in on the scam where First of all, this money went somewhere. It didn't all go into Madoff's pocket okay? I've seen the yachts...I've always wondered how can some motherfucker afford a yacht like that and i've seen the wealth it is just outrageous! The wealth was flowing now they blow it all up because they you know had to its apart of-i guess a plan and then everyone gets their payout anyway Everyone gets there money back Its not-its a ponzi on top of a ponzi its fucking beautiful

10:33 Well, in the meantime of course there's a few people that are going to have to wait to get their money. These 90 year old farts who are not working at McDonalds Anyway I just found it unbelievable that the woman who headed up the other regulatory agency that was supposed to take care this and could be liable for this losses is now ends up as they head of the SEC these other two women these other two lawyers Thompson and whatever Lori Were the enforcement by way, you know, she's once the enforcement officer in there I mean with compliance or something. I mean what where are some financial people that know what they're doing instead of just these Lawyers, so I mean I just don't like getting it Well, the whole White House is now filled with lawyers the first the first lady and the president are lawyers Yeah It's all lawyers. I guess I Guess the whole country has gotten lawyered up

11:28 But it really hit me this week, John. I think after we spoke on Thursday that Madoff is just a fractal My fractal recognition program went off and I went of course This is just a small part of this entire Pyramid which is the financial industry The whole thing as it is a scam every everywhere. I look it's just doesn't add up the numbers don't add up It doesn't make sense Meanwhile by the way that woman Here she is, Mary Shapiro. If anybody I don't know who subscribes to Equities Magazine but she's on the cover. She was the cover girl. Mary Shapiro and the new Financial Industry Regulatory Authority after taking the top job at the NASD in September of 2006

12:14 sculpted its consolidation with NYSE regulation to create a stronger, more efficient regulatory body. Shapiro now serves as the CEO of the newly formed Financial Industry Regulatory Authority which oversees 5100 security brokers dealers doing business in the United States." Unbelievable! And they're the ones that are supposed to have real oversight? Right? Yeah Unbelievable. So that's my rant for the day. I mean, of course, I sent that picture of those two you see there on Twitter. I said look at these two women! That's all I said

12:55 The head of the, you know, the ones responsible. And I get a bunch of flack back from a bunch of women! So what are ya? Sexist ageists for you? What are you trying to say? Jesus Christ... So Timothy Geithner, I saw his first press conference now that he's been confirmed as Secretary of the Treasury Did you happen to catch it? Yes, C-SPAN of course. No I haven't gotten on the C-SPAN bandwagon like you have Well listen to his first meeting It was a meeting of the President's Working Group on Financial Markets better known as the Plunge Protection Team Now... Do you have a clip

13:38 No, because he barely said it. It was so funny because again C-SPAN just does raw with no commentary and So you just see him all waiting there And the photographers are waiting and then you know? So the camera's already rolling for about three or four minutes before he finally gets to queue and then he says and Then he starts off but you know that it's just a photo op He says nothing yeah Yeah, I'd say it's you know You know is that long table that they always sit at in their conference room whatever it is yeah I will, while we're on that tip let me bring up a list here which we do need to discuss because it goes perfectly with these two women. You know the White House? I love whitehouse.gov as well because they have press releases which is cool just like a company which of course it really is for immediate release February 6 2009 Obama announces economic advisory board! I hope you caught a whiff of this list John

14:34 No. So again I saw it on C-SPAN and there was our president, and he had a whole bunch of people, and I recognized a few of the faces which we'll get to And he said these are the people... Let's see if i have a quote here actually The Economic Recovery Advisory Board will provide regular briefings for the President Vice President and their economic team The board will be established initially for two year term after which the president will make a determination whether to extend the work of the board And it was funny, and I wish I did have the sound clip. At a certain point Obama says well these people here... A lot of them all think they're economists big laugh but some of them actually are economists It was funny he was a great little stand up you know great script and he was reading obviously

15:23 So here are the members of the board. Okay, I pulled it up William H Donaldson chairman of the SEC from 2003 to 2005 Oh overseeing Madoff Yeah okay Roger Ferguson Jr president and CEO of the TIAA that's a teachers association i think You think? yeah isn't it well hold on a second TIAA I think that's the teachers Well, let's move on because... Give me the list. I'll look that up. Okay. Robert Wolfe chairman and CEO of UBS a banker okay? The CIO of Yale University Oh actually the TIAA is the Teachers Insurance and Annuity Association Okay well And the College Retirement Equities Fund Let's just skip to the good ones such as Jeffrey R Immelt CEO of GE This is fascism

16:17 This is how it happens. Yeah, corporatism right? Corporatism and its moving into fascism GE which of course makes the stupid mercury filled light bulbs that are being forced in our ass but owns MSNBC CNBC NBC Which ones am I missing? And who probably will get a bailout from the government That's outrageous Now here he is our buddy John Doerr partner of Kleiner Perkins Caulfield & Byers He finally got into some kind of post. He did, but I don't think that's what he was aiming for. So it goes down and there is the CEO of Caterpillar, the Chief Executive Officer of La Opinion, then there is Charles Phillips Jr., President of Oracle Corporation

17:06 And they do have two economists, Laura D'Andrea Tyson Dean the Haas School of Business at University of California Berkeley. Of course and Martin Feldstein who's professor of economics at Harvard so they've basically got corporate America and then to token economists thrown in. Right a couple of token venture capitalists or Silicon Valley people so they can get that out of the way yeah you know because they're indebted to them so this hey what else That would be an interesting meeting to be at, because Dora is very outspoken. And he really believes. Yeah totally He's a real believer We knew something was going to happen because you know... ...he asked if could be let off the board of Nevio Because he's basically cutting back on his board work and he's really going into this full time Interesting So did you let him off? Yeah we replaced him with Bing Gordon Oh that's right

18:10 So, I think I found somewhat of a smoldering if not smoking gun John. Alright go! Oh by the way can i mention one? Can I just go back to my rant just to mention one more interesting little thing about Mary Shapiro while she was the chairwoman of the Financial Industry Regulatory Authority and now head of the SEC she happens to be a member of the board of directors of Duke Energy and Crafts Food how does that work Well, of course. I mean... How can you be a board member while you're on a regulatory authority?

18:47 Isn't that the definition of a conflict of interest? Yeah, but she'll wait there. She gets a waiver for that Oh yeah okay now she will recuse herself Maybe she's the nicest person in the world I don't know anyway go back just another tool That's all just another little tool and by the way for all the people who are emailing me Let's just get one thing straight. I did not vote for John McCain I thought he was just as bad as Obama The Republicans and Democrats are the same thing they work for the same people So stop emailing me about that like, you know, well it would have been worse if McCain had won. Jesus! You don't... Get with the program! So if you look at the chart of the Dow Industrial Average John then I would like to pull it up finance.yahoo.com is the easiest. Just click on that chart so give me the date when really the crash took place

19:43 Oh, I can tell you right now it's November 20th. No no no it was before that when did the slide start? That's the bottom, the bottom was November 20th by the way people are all upset about calling the bottom. I've made about three bets. Yeah? Maybe I have a problem with gambling but... I made about three bets because one guy writes... I told you what it's going to be and, and I will be right but we'll get to that later. 7286 by February 14th that was my long number i called in October so when did the slide start? Oh okay let me bring up the chart hang on You really have to do a full year chart to see it but then yeah Yeah I'm gonna guys I have to sign in to get what I am looking for here Jesus just Well you should give me a warning or heads-up on some of this stuff

18:47 Isn't that the definition of a conflict of interest? Yeah, but she'll wait there. She gets a waiver for that Oh yeah okay now she will recuse herself Maybe she's the nicest person in the world I don't know anyway go back just another tool That's all just another little tool and by the way for all the people who are emailing me Let's just get one thing straight. I did not vote for John McCain I thought he was just as bad as Obama The Republicans and Democrats are the same thing they work for the same people So stop emailing me about that like, you know, well it would have been worse if McCain had won. Jesus! You don't... Get with the program! So if you look at the chart of the Dow Industrial Average John then I would like to pull it up finance.yahoo.com is the easiest. Just click on that chart so give me the date when really the crash took place

19:43 Oh, I can tell you right now it's November 20th. No no no it was before that when did the slide start? That's the bottom, the bottom was November 20th by the way people are all upset about calling the bottom. I've made about three bets. Yeah? Maybe I have a problem with gambling but... I made about three bets because one guy writes... I told you what it's going to be and, and I will be right but we'll get to that later. 7286 by February 14th that was my long number i called in October so when did the slide start? Oh okay let me bring up the chart hang on You really have to do a full year chart to see it but then yeah Yeah I'm gonna guys I have to sign in to get what I am looking for here Jesus just Well you should give me a warning or heads-up on some of this stuff

20:37 You know, like send me a little list of hey do this and do that. No I want to command you at my will. At my beckoning. You work for me remember? You're boring the public with this bullshit. Dow Jones Industrial Average let's go get the basic tech analysis and let's look at the two year chart alright so we had a couple interesting... This is very funny chart because it was at 14000 back in September of 07, September or October November maybe. Then it took a dive as you would do and then in January of 08 dived and bounced off the 12000 a couple times made what they like to call a bull trap which means the market looks like was going up and decided to go just the other way

21:24 And then it came down, I think it started in May...I would say from this June maybe. June 08, it took its first dive and then a huge dive the big one was October. Right! Thank you. It took you long enough to get there. Press release? Well October is always the traditional month for this kind of thing From the FederalReserve.gov website, October 6th 2008 The Federal Reserve Board on Monday announced it will begin to pay interest on depository institutions required and excess reserve balances This is what happened John This is where the credit crunch came from the Fed for the first time in as far I know ever

22:09 started to pay interest on deposits, which is in the Federal Reserve banking system banks can lend out a factor of what used to be 10 but it's probably 30 or 40 by now amount of money they had in reserve and they put that money into the reserve bank but they didn't get interest on it. So as of October 6th the Fed started paying I think 75 basis points interest Not only the required reserve but any excess reserve balances now I haven't done all the research yet, but I'm pretty sure the Fed's balance sheet has ballooned

22:45 to an extraordinary amount because all these banks, they took that money. They took the TARP money and they just deposited it with the Federal Reserve to get more interest with more security than anywhere else. This is... I call this a smoking gun. Wow! That's...I'll give you 10 points on that one. It's pretty good theory And it scares me, this scares the bejesus out of me. So all they have to do to fix the economy is saying we're not going to give interest anymore? That's all they have to do just get the credit flowing absolutely! Yeah and think about I mean I don't know what it is now but 75 basis points I know it's not very high but if its from the Fed you know shit yeah I'm gonna put my money in there look I wish I could put my money in there It's free money

23:31 Totally free money, but not just for the required amount but for any excess. Oh my god! So this is... all these things make me think more and more that this is architected. Yeah well it would make some sense. Architected as you know now we're going to have thats why by the way if thats true Which is a really interesting concept. Although of course we had all these other weirdnesses, but we got like cheap oil now I mean things should be booming if that's true and it can be reversed so quickly because if you look at the chart in October that sucker took a dive In like a week! It went...in a week? It looked like a real crash Yeah remember we had 700 points then 600 points 300 points boom boom boom

24:16 And so if that's true, then the theory that a number of us have that we could have a rally this year or bull market even this year holds up. Because if they put the, you know, they just pull the trigger on that. No we're not going to give interest anymore We never did that before and I could do it again doesn't seem and now they could point back maybe and say well Look what it did? It wasn't a good idea And then stop doing it. Uh, I don't think people know about it. No one talks about it now Well, yeah, i'm gonna harp on it. I'll bring it up with horowitz The next time I talk with him, thank you Please do thing and see what he says please do but that was a good find

25:00 Well, you know... You gotta listen to a- Sometimes you can do that. You can go and look at the circumstances of an anomalous crash I mean the situation we're in is very unusual and you just go look at what news of the day took place. Was there anything? You know, when they had that crash back in 2000... There may have been a connection between that and the Justice Department going after Microsoft. I mean Bill Gates says that's what was gonna happen And so if you find that the news is that you might find that there's some just little thing, though even this is not little it's major. That triggered the whole thing and people are blaming on everything else and again this brings us back to the situation with the oil run up

25:49 People were dreaming up all this malarkey, this baloney about shortage. There's not enough oil in the world. Peak oil! Peak oil! We're all going to die! And the rest of it when the whole thing was rigged and there are a number people who knew it was rigged and they said that it was rigged... Do you know what truly the biggest American oil company is? It was the Lehman Brothers or something like that. Yeah, Morgan Stanley exactly. Morgan Stanley. That's just a trick question. Anyway... Yes I didn't get you this time! I will! Curses! Anyways so they had uh you know so you get this baloney thats fed to the public and they all eat it up and buy Priuses and turn off their lights which they should do anyway

26:32 And then of course the scam is unveiled and they do a little regulatory change. Oh yeah, well no then it's always this one company who was doing all this hedging and short selling and blah blah blah... They make up some bullshit! And then that thing drops like a rock Exactly Yeah we're being scammed It's unbelievable I just want to get... It's rigged! You know everybody has... Yes yes it's rigged I've been in the market forever because I kind of put myself through college with Because you've been around forever That's right, sonny white folks and then they're so like you I Stepped on that do it again. They're white folks and then they're ignorant motherfuckers like you So we'll get to that clip later or whatever that came from resist isn't that beautiful yeah? It's almost as good as You know the morning the thing is is you know that I was always told from the get-go is its rigged

27:38 Really? You've got to be on the right side of the job. Of course you gotta be on the right side! And the whole game with the stock market is just trying out guess how it's being manipulated I mean there are, legitimate things that do take place once in a while but generally speaking what we're watching here isn't is just a scam and then they did no...of course..I don't know like you said they have these huge shots and they don't give a shit about some 90 year old man having work at McDonald's If all the banks went bust Completely gone. It would only take 400 points off the Dow, right? And it's not... Yeah it's a big industry but it wouldn't impact everything that much however to then see that this industry you know we talked about last week they pumped 147 billion dollars in bonuses in 2007 Come on! Look I'm no college graduate but even I can see that doesn't add up

28:38 So anyway, alright enough of this. Alright so let me get to something already. PolitiFact.com has something they call the Obamiter which you really should take a look at I like the Obamiter The Obamiter yeah and what they're doing is they're tracking his campaign promises Oh yeah i've seen this Right...so uh..I pulled it up this morning to take a look and see how he was doing our president And though....you know He has held on to a lot of things, kind of. But really important one was the sunlight before signing promise To reduce bills rushed through Congress and to the president before the public has the opportunity to review them Obama quote will not sign any non-emergency bill

29:27 That of course is the key. Without giving the American public an opportunity to review and comment on the White House website for five days? Well, that is exactly the opposite of what's happened! The S-chips as an example... Of course the Ledbetter bill not that anyone you know I still would have liked to seen it but you know did the promise was five days and get a comment on the website That's just not there. And now of course he literally did his Friday thing, which the markets I guess have now baked into their numbers by pumping the Dow up 200 points and you know what he said in no uncertain terms, catastrophe if we don't sign a bill! Catastrophe! Disasterous! And i think that kind of goes against the sunlight before signing thing doesn't it?

30:18 Yeah, I didn't even remember that sunlight before signing but i can uh... Well, this website is good. You can take that promises list and just throw it out the window There's gonna be a few no-brainers that he's gonna obviously get off the checklist I've seen this lists huge Yeah 5500 It was unbelievable like whatever audience you went to made some promise you know aimed at getting their vote Can't keep up with this I mean there's no way those things are just as way too many of them And it's like you couldn't do it in two terms well here's one I've been waiting for $3,000 tax credit for companies that add jobs. That was a big one! That was part of his middle class saving thing Well that must be in the plan they're trying to pass right? No it's not in the plan But that doesn't make any sense he promised it You better explain where that is coming from otherwise we'll be deemed racist

31:30 Okay, here's the deal. There is a website and I've linked...I guess I haven't blogged it yet? No thank you! I appreciate it. I was watching like I'm not going to do this on no agenda if you blog before the show Okay well I am blogging today. Anyway so what turns out and there is this website This woman's website It's pretty good site. It's kind of political She doesn't seem to like Obama which makes sense Apparently Obama did read his own books for audio books And this is Obama's voice, but he's not... it's not him. He's quoting people that he was raised with and especially this one colorful character who liked to cuss a lot. But he has to read by the way I played these clips to Andrew Grumet who says that and who read the book and apparently

32:22 he says there's choicer material in there, we get a hold of the MP3s. We can pull out these clips and they're all quite funny but as Obama you know in this case of these profanities there is one character that he keeps quoting and of course taken out of context which were doing yes they are quite humorous ignorant motherfuckers like you That's one of the better ones, I think. But it ties right into my Tom Swift audiobooks because now i don't feel bad about doing the accent as intended in the book

33:02 I think you should. Yeah, bitch nigga. Would it be cool if he just stood? You know this would this would really make my head twist and turn and flip around If he one of his C-SPAN morning shows the president got up there and said listen This bitch has got a pass Come on motherfuckers get some gets him going now then I will be like okay There is hope. Then I would have hope Yeah you would, but that's not going to happen. I don't think Obama even in his own circles speaks like that. And everybody kind of says this... Would you see with this guy the way he pauses a lot and he says ummm.... Yeah because he has to read the next line Look, look, listen

33:53 And he's thought, you see Pierce thoughtful. He's not a guy who you know I know a lot of black people who you know can they kind of drop into when they're around their buddies You know they're fishing buddies They kinda Drop into a slang style Of course it does and and when I'm hanging out with black people then I also get When I was hanging out with Kevin Epps in this whole crew It's automatic! Its normal! Then you just start to use even can use the n-word in that situation Yeah, I wouldn't do it. So anyway that's the... Kevin Epps thought it was pretty funny of course we were... Well if you did it right I suppose you get it right We were also all pretty hammered so kind of worked out that way That probably helps ya

34:35 Anyway, so those clips are probably going to go around. I think they've already been turned into a couple of rap songs... Oh yeah! Perfect! Yeah that's got to be sampled and oh yes beautiful. That was sampled in fact the other thing which we don't have a clip of here but you know he hates even play it because it is so profane is the Christian Bale Oh, that's fantastic. I love that what a dick we posted that on cage match which you can go to at cage match dot Dvorak org and We posted it there. I didn't want to post on the blog because I just think it's so completely out of line That you know, I just didn't wanna well, I don't want to hear it again I mean It was this guy he'd sounded like a psycho going ballistic which is interesting purpose but amount of

35:25 vitriol. I mean this guy's got some issues. So people don't know what we're talking about if you haven't heard about it by now because of course this is the news that everyone talks about even my compatriot John C. Dvorak seems to be consumed by it Christian Bale was on the set Terminator, the new Terminator movie yeah and someone walks into the shot or... It was behind-the-scenes! It was in his eye line right? Right he was just walking around And the guy just goes off Goes off and the joke of it is I love reading the comments on some of these websites because people defend him Well, you know he's a serious actor and he was in the mood and they lost it He lost his sense of himself. Then somebody else says hey dude this is Terminator what kind of what is this? Is not Shakespeare

36:18 God, all you have to say is I'll be back. Hey people in the chat room are even saying the same thing John well maybe he was in character oh please he's just an asshole there are assholes in the world you know? Space reality yeah they're there are assholes and this guy sounds like... Go ahead The guys not that great of an actor Well I haven't seen him enough for his work but if you think entourage is just a joke no it's thats the way it is Hollywood is one big asshole community And people on top kick the people down. It's just the way it works, you know? That's why they get along so well with Washington You just have show business for pretty people and show business for ugly people and they're all assholes Of course individually they're not always but... Yeah a lot of them are still I mean you can get along with a few

37:10 Limited quantities. Yeah, limited quantities as long as you have something more sensible So I've been thinking about this smart grid that we're going to spend all this money on and You know actually when when we first looked at the president's economic recovery What was it kind of? Blueprint before it became whatever whatever it is at this moment because I'm sure still being worked on There was all this talk about a smart grid And I think you and I both agreed, what do we need to spend all this billion, like 90 billion or 100 billion dollars on the smart grid? And I got some feedback from engineers mainly who say well our grid really sucks and there's much more efficient ways of transporting blah blah blah. Then all of a sudden I'm thinking no no now I know what the smart grid is!

38:09 And I believe MIT has a part in this. If you look, and this is coming from the conspiracy circles but it sounds...I haven't done all the research yet but it sounds right on The smart grid means that they will actually be able to tell you or perhaps even control your heating and your lights and know exactly how much you're using per device and I believe will be used against us to say, you know hey no heat for you Dvorak. And it gets shut down. That's what... You said something bad about Mary Shapiro? Hey! What do you think about 40 degrees in your house punk?! Oops there goes your router! I mean what else could a smart grid mean doesn't that just sound Death Star to you man? Smart Grid? I don't like it. I don't like at one bit

39:00 Crackpot and the buzzkill. Yeah, we gotta get those jingles going I have to but I'm writing them out right him this weekend I told you if you'd write him again and produce yeah no we're gonna produced I'll do it I got a couple ideas hey big shout-out to our listeners down under some of whom are burning literally Australia is just a mess or at least I believe Victoria Oh really? What's going on? Oh man, it's like 46 degrees. The shit is on fire! The towns are literally just burning up because of the heat I'm not kidding man you haven't looked at this! 46 centigrade is what Fahrenheit? Let us ask Google No... well yeah you could ask guys It's amazing Google doesn't have the answer to that How much is 46 degrees Celsius and I get the conversion oh wait a minute let me just say in Fahrenheit

39:58 105 is 41. That's 114 point 8 degrees Fahrenheit 114, 115 degrees. Shit is igniting spontaneously! You know it's 115 in Phoenix all the time these people are just not used to it Right no of course they're not By the way have you ever been in Phoenix when its 115? Yeah you want to kill yourself. You wanna put on a Leonard Cohen record and drag the toaster into the bathtub It's horrible Not that bad...it's a dry heat But anyway, what's weird about it and people who is like the worst experience getting in and out of your car. Oh yeah because the car steering wheel becomes red hot And the seats become red hot if you leave the car out Outside in the open which would have to do because there's not a lot of overhangs anywhere in Phoenix It's just a big giant strip mall and so you leave your car out to run inside to do something within five or ten minutes The car is

41:00 So hot inside, it's unbelievable. And you've left the windows open and so you have to reach into the car and turn it on hoping not to touch especially with a back bottom part of your arm forearm and touch this steering wheel get a burn right on the arm. You got to reach in and you gotta start the engine and turn on the air conditioner and let it run for about five or ten minutes before you get in and it's still hot. What a life. And you have to move the dead carcass of your dog to the side before... Before he can actually drive But I feel bad man, because we've got a lot of listeners in Australia Those guys are under fire They're under fire literally This is the middle of summer for them So this is like July for us Can I just bitch about our president a little bit more?

41:52 Well since we're on the weather I was gonna ask you about the snow over there, but yeah go ahead. Let me do the snow That's a good one because yeah that is kind of fun Yeah, Mimi last time we did this show on Thursday Mimi says to me Did she ask him about the snow cuz we have a friend out in Cornwall? Yeah! I told you about the Snowcock the kids built didn't i No, I don't remember that. Yeah they were out there for four and a half hours and they said dad dad well my daughter and her boyfriend And then they said come look what we built and they built like a five-foot penis erect penis out of snow right in front of the... I put it sent you a picture! I didn't get the picture. It's on my Flickr site And uh... That's disgusting. Well it was there for three days, by the second day one of the neighbors had thrown a plastic bag over the head which made it even funnier. Which made it even funnier! That is funny Now that's funny Yeah I think I got good neighbors. I do. You'll see when there's a brick in the window So Zurich is laughing

42:49 I'm looking at the Financial Times, the weekend edition. Now Zurich is laughing because you know Zurich is also a financial center and London basically just shut down for certainly for two full days and now the northern part of the country starting in Wales and going up north Wales to the west of course but that kind of line where Wales starts has had some places have had half-a-meter snow and all these Councils and municipalities have run out of grit, so there's you know right and it then everything starts to melt And then it freezes up now right now. It's minus two centigrade here in London So it freezes up and then you can't drive on them because they have nothing to

43:33 Right, it's a mess. Now our friends out in Cornwall and I don't know if you've been out there but they don't have... I try to avoid it. They have these walled roads there is no... It's just like one lane road with a waterfall on each side Yeah oh yeah that's impossible to navigate right now. So no they had these plows that came through but not the kind of plows with a V they're just push plow so they push push push And then there are huge 10 foot high piles at the end this narrow, you know walled road. So anybody going on there, they hit these dead ends and then you can't get out of your own driveway They've plowed those up What drives me nuts though You sent me a link about this the day before I left San Francisco We knew this four days ahead of time that this was coming we knew it would hit London

44:20 And these idiots who call themselves politicians did absolutely nothing. The first thing they should have, the Prime Minister should have hit television on Sunday morning or Monday morning and said stay home! State of emergency just stay home it makes no sense don't try to go... They had to rescue hundreds of people from the motorway who were stuck in their cars overnight I mean it's complete disregard for the public because guess what? Your government doesn't actually love you. Well, I don't know about that...I think it is just incompetence. I think you are mixing up the two. You know negligence and competence are kind of different. Jeremy Clarkson in trouble our typical English bloke from Top Gear

45:07 He was in Australia and this guy... Which one is that? Is that the big tall guy? Yeah, the Oafy guy. The blowhard? Yeah, the blowhard exactly but I love him because he's a blowhard. Oh yeah, he carries the show. And you know has his column, his weekly column and right now they're on some form of a roadshow and they were down in Australia doing a press conference and Clarkson someone asked something about the Prime Minister of Australia and Clarkson said well we've got our own one-eyed Scottish idiot And what I didn't know is that Gordon Brown apparently is blind in one eye. Oh no! So of course, you know... Every one-eyed guy in the industry is blind. Yeah they all got fucking pissed off all the medical people all the handicapped people everyone's like so he apologized for it and yeah again It goes well should we should be let go and shouldn't we be fired? Because they want total control of the airwaves because you know it's a little harder to put the BBC and the government here

46:06 more than they are, like GE is in the government now and the US. They're trying to get the Freedom of Information Act, they're trying to find out how much the top radio presenters are paid and BBC refuses to tell anyone. You know what the total budget is? Annual budget for BBC Radio? No. £460 million pounds! Wow that's like $600 million dollars for what? For radio? Yeah, for some stations. Huh... Seems a little high. And 70% of their salaries goes to the top people, to the presenters. Huh... Sounds like good business! Hell yeah! So I'm a little pissed off at the president because I did have hope for change when it came to medicinal marijuana

47:02 Oh yeah, well you listen wait let me stop that I don't know anything about what you're gonna talk about but let me give you my pre-take. Okay. We're called Dvorak's Pre-Take we can get a Wait a minute, wait a minute! Yeah, we should do that it's uh... Dvorak's Pre-Taaaaaaake in the morning so uh... something like that so it didn't hear is well bob is a young a liberal democrat by every stretch of the measure you know me just by the numbers and we all know that he represents uh... did probably group of people who would like to see medical marijuana more widely used and probably maybe even one marijuana uh... legalized

47:42 in this country because it is problematic. I think, thoughts on this but again because of the Mexican thing and all these problems so Obama's probably moving this agenda forward and i would suspect by the next couple years marijuana will be decriminalized Well, I think you're entirely wrong. Incorrect because just look at what's happening around you they are removing coffee shops from Amsterdam Marijuana has been upgraded from a C-class to B class drug now on par with heroin and cocaine in the United Kingdom I disagree with you and what is happening in the United States medicinal marijuana is legal in California

48:24 However, the Bush administration put into force some kind of trickery whereas they could overrule the state's local laws if there was some national reason. So DEA, the Drug Enforcement Agency has been raiding medicinal marijuana shops for well, for two years now in California and the president... Well that... wait let me guess. Let me guess Obama's put a stop to it? Well he would have stopped the raids yeah you would because that's him That's what he would do right well Drug Enforcement Administration agents this week raided four medical marijuana shops in California contrary to President Obama's campaign promises to stop the raid

49:16 Now this pisses me off. I mean, you know... On that list of promises he promised to stop the raids? Yes! No no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no Here we go. I'm not here's what he said, I don't believe this story. Yeah sure it's in the Washington Times The president believes that federal resources should not be used to circumvent state laws and as he continues to appoint senior leadership to fill out the ranks of the federal government He expects them to review their policies with that in mind Medical use of marijuana is legal under the law in California and a dozen other states, but the federal government under President Bush bolstered by 2005 Supreme Court ruling argued that federal interests trump state law. And it's still happening as of this week! Eh... It'll end I'm sure it's a mistake Well let me give you another piece of data then

50:16 Because the person who's gonna be, who is not going to fulfill your prophecy is of course Holder. The former lobbyist who was now Attorney General Oops! He'll have to recuse himself I guess A lobbyist ladies and gentlemen a lobbyist is the attorney general of United States of America How can that be? Wait a minute...I was under impression Obama wasn't gonna put lobbyists in it Are you just playing this game because you think sounds better or we should do it that way like your dumb cause you're not I'm just stunned A bipartisan group of 16 members of Congress sent a letter Thursday to Attorney General Eric Holder urging him to allow the University of Massachusetts to grow its own marijuana for medical research. They're not allowed too. The dea- Sorry, what? Let me get this story straight

51:07 Dude, give us give me that one. Okay? Well let me tell the story is that the University of Massachusetts wants to grow their own marijuana for research Into its medicinal properties and this is being blocked it's been blocked It's the same thing as the grow shops The DEA is refusing this or not allowing this to happen and now they're writing to Holder he's not gonna do anything well you don't know that I'm just saying It just doesn't sound right. I mean Obama's supposed to be... That's where this quote came from. Well it doesn't sound good No, of course not because well it's amazing the shit that is allowed compared to the stuff that isn't allowed The thing that gets me is this kind of thing going on right under everybody noses

52:08 And no one's outraged but us. Nobody is outraged, but maybe you me and a few people that listen to us who may or may not be outraged if it wasn't for us You don't know That's the end of it Meanwhile the Obama bots which are all over the place are still thinking this is the greatest thing ever happened in the country They have jingles and tunes they've written. They had that beautiful actress on Jonathan Ross last night She's in pushing up daisies The TV series, I know if you yeah, I watched it once and I couldn't get through it. I don't like the premise she's English actress and she was also in Goddamn choosing some good stuff chat room help me out anyway so beautiful beautiful young woman just stunning a

52:57 And she lives half the time in LA because she has a lot of work in Hollywood and half the time in London. and she says, boy yeah it was...and she's a complete Obama bot! It showed exactly what Hollywood is about. She said like it was such a wonderful feeling everyone that day when he was nominated and then we all knew that he was going to be president and since then it just been a glorious feeling We all feel the change My jaw went BOOM! Unbelievable The prettiest chicks man they get the beautiful women I think its actually blondes are easier to hypnotize if you look at statistics. And I've been thinking a lot about this because we are under a form of hypnosis brought on primarily by, or sustained primarily I would say by celebrity cult-of personality type culture

53:48 And we are hypnotized, we're more anesthetised than ever due to drugs that were all taking apparently if it's not to make your penis big for hours. It's you know to make you sleep better or feel better whatever so where literally drugged and were hypnotize. Kristen Chenoweth Thank You Gosh she has a big head Anna Freil is who is was Anna Freil So they have two different blondes on that show? Anna Friel. Maybe she has dark hair in the show Richard Drake just gave me that in the chat, thanks. Anna Friel has naturally dark hair so it's not a blonde. Well then the system is even better than I thought Oh yeah! I've seen this girl before She's very pretty British woman Very pretty. So their system is even better than I thought and and I consider myself when I look back on my life of which have had some now

54:41 And it doesn't mean like, oh I can see in the future. Let me give you an example. So the interesting is it's all fractals? It's well, yes It's absolutely fractals and maybe just my maybe I have a above-normal Fractal recognition capability But now thanks to you actually i'm starting to put that into perspective but you know I saw what the internet could be And I acted upon it. I saw what online video could be I saw the capabilities of online radio There's so many different things that I've seen, but it started to accelerate. At first I was 10 years ahead then I was 5 years ahead then this last venture really 3 years ahead of all this alternative media popping with video and audio and ways to monetize that But now I'm seeing so clearly what is taking place around us which a lot people say oh this is the awakening and bullshit here's what it is

55:40 So well, you know where yeah. Well no there's a lot to that as well, but it's coming No, no That's not where I'm going with this. I'm just getting where I'm going with it is a Hypnotist will put in a keyword often You know and its or you know when I count two three and I say wake up you're gonna wake up You won't remember any of this But he actually can wake people up and he can bring them back down under I mean that's not trickery that This is for real right? You've seen hypnotists John they do it right and It'll appear so. You hedge fund, you! So I now know why I can see things so clearly. I figured it out. I have my trick and it's something that everyone can do and it will help you see the true evil nature of the true rulers of the earth around us in what they're doing. And its the rose-colored glasses John. I figured it out

56:35 Because when you wear rose-colored glasses as I have for all this is very interesting now I'm gonna stop it right there because I have to mention to the people out there that cuz they don't think anybody knows this but You actually wear Rose color it's gonna be I could just see some chat rooms lighting up on this crackpot and the buzz actually where rose colored glasses And there's always a lot of references in the literature about seeing things through rose-colored glasses. Yes, yes! In fact it started around 1871 I believe...I think it was a politician who was accused of seeing nothing but rose colored you know seeing everything through rose colored glasses we should look up the etymology. Is that etymology or is that phraseology? Well could be either well you looked at it take a look at the link I sent you meanwhile okay

57:27 But here's what I wanted to say. Hold on, let me take out the link... Oh but she has really long curly hair! She was wearing a wig probably. Yeah probably. Oh Jonathan Ross but stunning beautiful long legs just bleh blahblahblahblah She-she no no and i won't go there anyway it's not wearing the rose colored glasses It's when you take them off that's when you can see it Because the whole world for me is nice and rosy. There's a couple science fiction stories like this by the way Really? Well, it's nice and I wear them almost all the time but I take them off And I've noticed...I started to think what do I...how does this really tie in Can I corroborate this? I usually take my glasses off in meetings

58:11 And then and honestly I feel very comfortable doing that for two reasons. One, because I can look someone in the eye and I can't see their face because I need glasses and for some reason it puts me more in tune with my thoughts and I'm listening more than I'm looking although I'm sure I could get a lot of cues from looking but still it gives me...and it's even better of course if I put on non-rose colored glasses to actually see the room Then you see the ugliness of what's actually taking place. So it's almost like I've oversensitized myself to groovy, to a groovy shade, groovy colors and then boom! All the real crud is much more visible. And I'm going to start selling crackpot rose colored glasses and they'll be $9.95 and they will have blue blocker capability. You need that?

59:04 But I'm thinking this is the way to... Could you imagine droves of people wearing rose-colored glasses and the scariest thing is not when they have them on but when they take them off because then, you know, they can see right through you. It's interesting. I like that idea Thank you. And you are actually a kind of definitely a crackpot visionary, but visionary in the sense that I'm not brilliant it's just... No no it's just that your little ahead of your time do well if you're too far ahead of your time then you can never... Exactly exactly and I've been always reminded of the guy who

59:42 who was an interesting character because he was always so far ahead of his time is Tim O'Reilly of O'Reilly Media, O'Reilly Publishing. Besides coming up with this book company He came out...he was on the World Wide Web... He was on The Well Days right? Back in the days of The Well. Yeah well he caught the World Wide Web action immediately when it first was introduced and thought it would be the biggest thing ever cause I had him on my radio show back in 93 or 94 and he was going on and on like crazy. Then he did the Global Network Navigator, which is popular... Oh! GNN of course I remember that one That was a book but it wasn't also a gopher site? It was something between a browser and a portal. It was actually probably the first portal

1:00:29 And anyway, so he had that and he sold that I think to AOL or CompuServe for somebody like that. He was kind of in on the whole thing saw everything coming knew where it was headed got in got his global navigator things are and then was out onto something else before the internet ever hit! It was hilarious if you had done all that stuff five years later Like in the late 90s when you were just throwing money at everybody. I mean it wouldn't have been funny how much he'd been worth. Yeah, well so yeah that's...I don't want to say I'm Tim O'Reilly but I do look at something like the internet and then it draws me like a magnet and I've always been a little bit on the early side So I never made silly stupid billions of dollars. I've done quite okay for myself most with actual work

1:01:21 which is... Work helps. Yeah, you know I'm not one of those guys who creates phony companies that are based upon a valuation that has nothing to do with making money if the company doesn't make money it's no good to me yeah well that model is not working if you haven't noticed right now because they don't have any IPOs because of Sarbanes-Oxley which is a place to screw things up just like that interest rate deal exactly and uh... the wonderful state of California besides not handing out Tax refund checks now. What was it? They had the day off, they closed everything on... Was it Monday? I think it was Friday. It was Friday. Yeah, Friday yeah DMV closed Schwarzenegger's emergency services offices were closed 200 thousand state employees forced to take the day off Turn down your speakers a little bit John. I'm getting some feedback And this is what do they call it furlough? Is that what they call it? Furlough yeah thats a good one

1:02:17 Forty-two billion dollar budget shortfall. See what people don't understand is that when there's no money, you know guess what? It actually happens if there's no money and with this no money then well this is the danger I'm all you know yes we have hundreds of thousands a state employees who are in deep shit they're already making less money and they've had all kinds of cuts and again to get laid off but when the welfare checks don't come because there's just no money That's when there is a panic and all I hear is I see Schwarzenegger. I see him saying the state of emergency Hello, hello help help we're messed up it's you know, it's we're going down the tubes here There's no one talking about it. There's no talk of lifelines This is 40 other states that are in the same position Yeah, well California's in bad shape

1:03:09 They're stopping projects and they were, you know, they losing $32 million a day on unemployment benefits. But probably wouldn't hurt if the state was more pro-business than it actually is. Hey by the way talking about I just did something came to mind if you don't mind me changing the subject? Go for it So Bill Gates goes down to Long Beach with a box full of mosquitoes and releases them. I knew you were going to do this This is The TED Talk right We have multiple violations of state and federal laws here. You cannot import into California disease vectors of any sort. First of all, ok so here's what happened on one of those TED talks if you've never seen them go to ted.com and you can see Bill Gates doing this I watched it because I knew...actually you sent me email about it so I knew you were going bring up

1:03:59 And he's talking about malaria and he says, well let me just show you hundreds of millions people dying until we discovered it was mosquitoes that were passing around. I brought some with me and he opens up a canister and you can't really see it on the video but apparently there are mosquitoes that then start to fly around So are used really believing that A these were imported mosquitoes? B they were possibly infected with malaria No, I don't think they had malaria but the mosquitoes have something like 50 or more. I have a list that was sent to me by somebody who's actually filed complaints with the CDC, California Department of Agriculture and two or three other agencies which control this sort of activity You're not supposed to do this

1:04:43 Especially in California, an agricultural state where we don't want people bringing these kinds of... Fruit flies. Well whatever and so he just callously does it as a gag I wanna see what happens because it seems to me that there's a fine involved here and they might as well find the guy who has plenty of money But I'd like to see what comes of this. But it hasn't... but i've been watching all these news stories and nobody brings this up! Well, the punchline is he opened this up and then the punch line was there's no reason only poor people should get it you know so as a quasi threat well of course nothing will happen because its like Martha Stewart You know? The true evil people never get punished And I have really put my doubts next to Bill Gates' name with his foundation

1:05:31 Storing seeds going to live in Paraguay with the bushes. Yeah, so let's go talk about that So I guess the we got one of our listeners is in Paraguay Let me bring up his name so he can ID him Go ahead and he sent some note about something or other and We're going back and forth with him mainly because I'd love to go to Paraguay just as you know check it out. Christian Benitez. Yeah, this has got to be very interesting. Hey man you're breaking up what the hell is that fucking router? No I don't think so anyway let me get back on track and see if we can start over anyway so this guy is uh

1:06:21 He mentions that the bushes have, you know... because we all know that the bushes have bought land down there. Because it came up in the conversation sometime last year as though there was going to be a revolution in United States and they were gonna go to Paraguay to live But turns out just they actually bought an investment They own like most of the aquifer Yeah El Aquifr Gurani The biggest water reservation in Paraguay So they basically bought a well. They basically pulled like you know that movie Chinatown? Oh God! I don't know, have I got an investment for you Yeah every day you slip over to the dark side and i like it Anyway so I found that amusing FEMA food kits may contain tainted peanut butter That's from CNN

1:07:25 Well, that's a good one. Yeah Let me just see what the give you the whole story food kits recently distributed as part of disaster relief effort in Kentucky and Arkansas Which in case you didn't know there's some bad shit going down there to May contain peanut butter contaminated with salmon all linked to a nationwide outbreak The Federal Emergency Management Agency said Wednesday commercial meals kits manufactured by red cloud Food Services under the Standing Rock label What a joke that is. "...have been provided to disaster survivors in impacted communities and these kits may contain peanut butter which is part of the precautionary..." Precautionary? People are dying! "...precautionary national recall underway, in accordance with the U.S Food and Drug Administration," FEMA said in a written statement." So has the CEO of that company... Has he been hanged yet? Has he been shot? Has he been arrested? You know? Is he gonna go to jail?!

1:08:23 You don't hear about that, do you? Never. It's a peanut corp of America? It's the peanut grinders of Georgia or something like that I can't remember Well this is part of the problem The media is not covering it They're not outraged enough Everyone gets all carried away by recalls but nobody says what about this CEO and then executives who made the decision to keep producing crappy peanut butter that ended up killing people How come they're not in jail? I'm looking at the, uh... doing a Google News search. Stuart Carnell! Adolf's not in jail. Well here it is. How come Martha Stewart went to jail? Because they were not in the game that's the whole- That is the whole point we're not in the game We are the ones that are going to have the smart grid blanketed over us and we become fucking batteries for these people

1:09:21 Batteries, that's all we are. And batteries have a certain shelf life and then it is done Here we go This is the guy That's a possibility for a t-shirt I'm a battery? I love battery! I am a battery for The New World Order I have a battery for the New World Order. God, I like it! Yeah... No no no no, you just make an official battery for the New World Order and on the back or on the front you have a- y'know You draw like a battery Like a AA battery with uh The top that's near your neck right? And the bottom They just have a fuckin' battery with Connect here Uh so this guys name is Hold on

1:10:05 We might as well shame him, John. CE... what not found? This is weird. Stuart Parnell owner and president of Peanut Corp of America You know this guy just walking around! He's free even though the FDA says that he knowingly sold the tainted shit Unbelievable. Lynchburg News, okay this is local which of course is much better. Lynchburg Company makes few comments about outbreak. Peanut Corporation of America was founded in 1976 by Stuart Parnell and his father Hugh who has since retired but remains in the area. Most recent statement January 13th

1:11:08 Parnell said we understand the seriousness of the situation that our company faces with the current product recall crisis and we deeply regret that these circumstances are causing distress to our customers, our employees and our consumers. Jesus! So your answer is he's just hanging out? Yeah figures It's sad, isn't it? What other depressing news do we have for the public? Well actually I wanted to... because you said that the last show ended on such a downer. I actually feel really good because I feel that... oh yeah and I want to make a short-term prediction

1:11:51 I believe that Monday we're going to witness a significant shift in the markets. This will come right along with this bill being passed, but I believe probably the 13th...I may just be right, I didn't think i was gonna make it, I think we will see a massive, massive crash around the 13th of February and its all coming together simultaneously and uh...it's all orchestrated in my mind Well, let's see. Wait wait wait till let me finish a thought so this means that all the things that we've been talking about or certainly that We've been talking about together for over a year now John episode number 70

1:12:34 And what I've been doing for even longer on the daily source code. So now watch our numbers go up, because people are going to start saying shit you know these guys were right you should listen to them and it's really not the dawning of the age of Aquarius but so now we got a hunker down and we're all gonna be pretty much equal Because your money is gonna be worth shit at least for awhile my money your money anybody's money while they have gold Well yes, I do have gold so i'm going to be okay. But I don't have all my money in gold you know it's just can't. Alright well I am not convinced there is going to some sort of a crash on the 13th but let's maybe if hopefully won't go below that November 20 number but lets assume that would probably be the launch point for the economy to go up

1:13:31 No, I think we're in too deep a hole. So the British model that the US is now following all things being equal if i were to recommend any way out of this the idea about bad bank is probably the closest thing to not nationalizing but making something happen oh and by the way no longer offering free money through the Federal Reserve That would probably be a way to go. But now they're choosing the British model following the one-eyed Scottish idiot, according to Jeremy Clarkson which is become an insurer for the banks Now if you follow synthetic credit default options which is more nothingness on a spreadsheet

1:14:25 This is trillion, maybe a hundred trillion dollars worth of shit. So if the bank goes out of business all this stuff is going to have to start coming it's really gonna have to unravel because the same people who got us into this will once again be standing there with their hands saying where's my money and the taxpayers will be on the hook for this Right, which really happens especially with all these credit default swaps still out there. And there's lots of them and nobody knows what they're valued at because it is an unregulated sub-industry. Yeah well I've heard 40 to 50 million... The banks that are holding these things or anybody holding them should just go bankrupt!

1:15:02 Well, so I think that's the problem there is then everything unwinds in the same way with the only difference being yes if you just let them go bankrupt and I'll say it again that capitalism without bankruptcy is like religion without hell. Then we would go through some serious deep shit times But nothing compared to also being publicly liable and have to pay that they pay people back I mean that will really decimate everything And so, I think that when you see when I hear you say well This is interesting or this is a little bit different and it's never quite been seen this way That's what is different about this. Why? I don't think

1:15:44 I don't think your cycle, you know...I think your cycles just coming a little bit earlier than you believe it's coming. Yeah, I'm not buying that yet necessarily but it is possible. But again the one thing that's interesting about studying all these cycles is that every time something happens every time there's an economic downturn that is major and important It always takes a different form You know, the last time we had a really bad situation was in the 70s where we had something out of the blue. Nobody'd ever seen it before and nobody even knew what to call it and they finally invented the term stagflation because it didn't make any sense but with old-fashioned economic analysis that this possibility would exist which is that you have no interest in anybody buying anything but prices are going up

1:16:28 How do you do that? How does that work and make no sense. That brought in Milton Friedman who explained it with his supply side stuff but now he is – that doesn't explain what's going on now and there will be another new famous economist, it will crop up probably or they always tend to be older and they die during the era of their theory peaking which would happen with Friedman And it happened to a guy before him in Keynes and you can go back to Ricardo and everybody in between. We can go back to Karl Marx, he was also instrumental in the 1850s-60s. But mainly the Chicago School of Economics those are guys that... That was kind of running things currently but there'll be a new guy cropping up with great explanation for everything being older guy who will die probably 15 years from now. It will make sense

1:17:19 But we haven't seen the whole thing shake out yet for anyone to deconstruct. It's always still in a holding pattern here. I'm confident based on my studies that we should have at least a two-year boom and modeling looking at the way it unfolded in 1890 That's kind of what I'm thinking. I have to go look at that. Well 1890 a lot of... So this is why i am so positive because in around 1890, that's when we had Tesla. That's when we had Edison. That's when we had a whole bunch of really amazing people come up with amazing shit if only this time around we can protect them so the next generation doesn't have to go through 100 years of stifling real innovation and human prosperity and using our brains in more ways than one IE not being batteries We have those same kind of people today. We've got Bill Gates Scott McNeely

1:18:21 John Doar. Okay, go ahead. I'm sorry. Keep going. That's okay. You know...I was trying to be funny here but i couldn't come up with enough silly names. No no no, I understand what you're saying but I appreciate it. I opened up all the boxes for my bookcases finally in and I love books if you ever want to give me a present just give me a book and so I keep books the ones that I like the most And I have one here from 19, when was this given to me? It was given to me by a senior banker at Bankers Trust because we were doing a derivatives trading system for them and it's called Understanding Swaps. And it's just fantastic...I love reading this book again. Maybe those two women from the SEC should've read that book! No other market is

1:19:21 Chapter one no other market in financial history has grown as rapidly or evolved as quickly as the swaps markets from 1970s 1979 notional principal outstandings have grown from virtually nothing to over five trillion dollars Five trillion now this book was published in 96 probably Wow, what's the name of this book again? understanding swaps And who's the author? Marshall... hold on, there are a couple of authors here. John F. Marshall Professor of Finance and Graduate School of Business St. Johns University New York Kenneth R. Kapner That's okay I just need the one name unless there is a famous name on it Those two guys Jack Marshall and Ken Kapner

1:20:23 But even when this book was published, already $5 trillion. Can you imagine what it really is? It's got to be 500 trillion by now! It's gotta be! Well let's see in 19... I forget when the guy says the Madoff thing The guy testifying against Madoff or against the SEC actually We should know his name and we should repeat his name It starts with an m Well we should repeat his name over and over because this is Paul Revere of our time On this piece of paper It's Markopoulos. Markopoulos, M-A-R-K-O-P-O-L-O-U-S. Markopolous, Markopolous, Markopolous, like Acropolis only Markopulous. Yeah, Markopulus. Markopulous Acropolis well he should have an Acropolis named after him and apparently I guess that he knows of another billion dollar Ponzi scheme that's out there that is gonna

1:21:15 But that's a fractal going down. We need to look at the fractals going up because you just don't have a 50 billion dollar fractal sticking out of space for no reason without something above it as John Brown says in the chat room probably 1.4 quadrillion in swaps out there I believe it, I believe it You never know. Somebody gave you those, yachts are expensive! Have you ever seen those mothers? Man those things... I've seen some in Monte Carlo and I've seen a lot of photos. Paul Allen has three of them But with two helicopters on it that just blows me away Yeah what do you need two helicopter one for each foot It's like a lot of them have a couple helicopters and a submarine I'm very interested in personal submersibles

1:22:07 The Amsterdam police have one that they use in the canals. It's a one-man submarine, which is just the cutest thing ever and what they use it for is to go around and see if people aren't dumping human waste from their boats into the into the canals or into the rivers. So they're literally spying under you to see if you're pooping in the water, but it's a beautiful little sub. It was just like I would love that one of those. There was a company up in the Microsoft territory in Washington State and I haven't followed them for years but I remember seeing...I think it was called American Submarine and they were trying to commercialize submarines instead of buying a speedboat, you'd buy one

1:22:52 Some of those companies and they were you know, like see like a yacht like a serious yacht sized submarine Yeah that would do you know and do me I'm like 10 knots or some fit 12 knots underwater You know like some serious serious hardware, you know 80 or 990 million dollars sure. I'm sure that it's available if you want it wonder who would own one of those things but only someone who has acquired massive amounts of money And I guess the only way you can get that kind of money is by Cheating. Doesn't that sound kind of right? Yeah, you know either that or you uh there's some there's probably some elements of that in any one of those super fortunes I mean let's just take a look at Bill You know and he is the world's richest man for awhile And you know he basically scammed some guy out of MS-DOS for $50,000 and built his fortune around that

1:23:54 and then played dirty football throughout most of the run up of this Microsoft stock when it was doing well. In fact, one story I remember was told by one of the lawyers that used to work with Gary Kildall was that Microsoft was almost going out of business for a while until they went to get a license for CPM and manufacture what was an add-in card, a CPM card that you put in the Apple II to run CPM programs on an Apple. Really? Yeah it was Microsoft's called the SoftCard. Microsoft saved the company with that because Kilo didn't want to license CPM to anybody

1:24:40 But they talked him into it, and he felt he could do them a favor and save the company. He saved the company. And then next thing you know Microsoft does everything it can to screw over digital research CPM but mainly GEMM, the operating system that came with the graphical user interface operating system called GEMM. GEMM yes I remember that! That they were signing deals with left and right in Microsoft this guy says... They said they'd go in and sign a deal and see Bill go in there like a week later and clear the deal One after another. Jim never went anywhere and then CPM and Gary ended up dead on a weird bar stool incident in Monterey, I think. Really? That is deemed as pornographic in the United Kingdom... What? A weird bar stool accident

1:25:36 I'd just like to thank all of the NOAgenda and Daily Source Code listeners for sending me the audio recording of Flight 1549. Yes, thank you! I have heard it. We played it! Yeah... thousands of emails and I just want to say the following about it So I'd listen to the NTSB version. It's pretty funny, there is a guy who comes on and says my name is John Bobobo, I'm from the NTSBI certify that this is the true recording And then subsequently the whole thing is edited because you can hear it You literally hear the static fade in which is not the way typical reception works on aircraft communications

1:26:21 so they're fading it in and out, whatever. Besides the fact that the pilot... I find this very strange, very strange! There's one thing when you're flying and again i've been an aviator for a number of years have thousands of hours to my name fixed wing and rotary, I've been around. I flown America, I flown Holland France Germany United Kingdom messing up your call sign is like a big no-no and there are couple reasons for it Even if if I have my call sign November 277 Delta Sierra, if there's someone out there that is Gulf November 275 Delta Sierra The controller will mention it specifically just so you know Delta Sierra. He'll give me then an abbreviation There is another Delta Sierra out there. I'm going to call him this right? So the captain

1:27:15 calls himself flight cactus 1539 the controller repeats it as cactus 1529 the actual flight number according to all press is 1549 okay, its on radar. The radar screen will actually show the flight number how can the captain that pilot in command mess up his call sign? Okay maybe because engines went out whatever That is highly suspicious. I don't just gloss over it, there's something very messed up with that It's just wrong and its confusing and that alone is a dangerous situation where you have at least in communication two different versions of the flight number Now second The general consensus amongst aviators out there

1:28:08 is that this is really an Airbus problem. The Airbus, unlike Boeing, is totally fly-by-wire the computer controls everything so when the pilot thrust up his engines he's not in direct contact with the engines He's in direct contact with something called a FADEC and the FADEC stands for fully authorized fully authorized digital engine controller So the computer is authorized to make decisions about the throttle. So let's just presume that bird strike is real and something got ingested into the engines, The general theory is that the Airbus computer decided to shut down the engines which may not have been necessary You don't necessarily blow up or fall out of the sky if you ingest a bird and double birds like this already so highly unlikely

1:29:00 So, strange. Third thing and then I'm never going to talk about it again because it'll come out one day and then I'll do a neener-neener. Third thing as you're listening to the cockpit recordings not until the very end remember this is an airbus Without engines gliding through the sky, engines are out. The computer has shut down the engines You do not hear a single warning bell prox- nothing! Not a single thing is going off in that cockpit Until the very very end when he says you'll find us in the Hudson and you hear what to me sounds more like a stall warning But there I can hear some sound but all the while I do not hear anything in this cockpit

1:29:45 So, I don't like those three things. Um...I'm happy that everyone got down safely. I think it's a great feat by the crew which I include the flight attendants because they're there really for your safety not to serve you drink you stupid lazy bastard and uh...it stinks too high hell! It stinks it stinks it stinks and never gonna talk about again but one day you'll see that it was stinky Nah, they'll never come out. You left out the other thing unless there was another version of the recording that included it which was the controller saying... The pilot has said he's had a bird strike but he never did No I went back and listened to it. I listened to the original recording and he says bird strike lost thrust

1:30:32 Oh, then the guy says he's lost both engines. Did he ever say that? Yeah... because I was listening to him. No no no, that felt good to me. That felt like it. I will say there are a couple of things so it took the sequence doesn't really make sense because you know the pilot basically says I want to come back and the guy says okay and then he says I couldn't get it for ya and and I'm not quite sure what he couldn't get It seems like I'm missing something where someone says, you know you can't come back. You can't land on this runway because he calls someone but that part and I'm pretty good at listening to the radio and hearing those communications it was something weird about it the whole thing is just weird Here's what? I'd be on the lookout for there were a number of executives from the Bank of America on that plane Yep 30 execute how many thirty

1:31:29 If any of these people show up dead in the next, let's say year under mysterious circumstances especially if more than one of them do there may be something to that. Yeah I think I told you that theory was it was warring bank factions its basically the Vatican Roman bankers versus Jewish bankers. You didn't tell me the Vatican! Remember we talked about this? The Bank of America came initially from an Italian bank Well, it was actually an American bank called the Bank of Italy. Yeah but in San Francisco right? Yeah yeah well before... so all that money came from I mean that's the version is out there is that oh it wasn't you know Italian... No I don't think so I think its economic hitman stuff It was interestingly on the same day they went to the government to say hey we need another 18 billion dollars to buy Merrill Lynch which they got

1:32:30 Maybe somebody has something on the government. You know maybe one of those executives is knows too much well anyway So I don't know they just think I Apologize to the Bank of America executives for implying that day That's okay, because we all know John or white folks and then there are ignorant motherfuckers like you yes Boy, we could go on for hours But let's not now we'll be back on Thursday We'll be back on the Thursday. Yeah, so we're gonna try and do Thursday and Sundays in the morning! In the morning... And we'll have our jingles hopefully by next week If you can write them for me I think I can probably get those done. Yeah, I haven't done to this weekend but I got a bunch of things to do. Also gotta put my list of donors on the blog

1:33:35 A couple other things I gotta do. I'm behind in my work. And why don't you open up an Amazon account for us? Sell books? No, Amazon... a PayPal account or something for the show Yeah, I have a PayPal account that I am using now to collect money but we can set up a separate one where I just set up a subdomain on that one Yeah! I mean, I trust you right? You know Yes, yeah it's all under one As far as I can throw ya Everybody's got the image of you trying to throw some big fat guy. Yeah, because I think what we're gonna do is we're not going to take any advertisement but You know what will happen is after the events of this coming week We're gonna have to do three shows a week just to keep people sane and keep them from going out and killing. We'll have to continue to unveil the mask as we disconnect the batteries of The New World Order There we go! I like that one That's a good one isn't it? Disconnecting the batteries of The New World Order

1:34:34 It's Crackpot and the Buzzkill on the lookout. Yeah, write that down so Dave can cut it I'm writing it down now as we speak okay? And I still got work to do geez anyway. I guess through a few things. There was good show Yep coming to you from Southwest London in Gitmo Nation East In the basement of Curry Terrace. I'm Adam curry among the hill in northern Silicon Valley the gitmo nation We'll talk to again next week What was your name again? John C. Dvorak. We'll talk again next Thursday right here on NO Agenda