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Max Keiser On The Death Of The US Dollar, Middle Class And Overall Economy
Lots of speculation today about the upcoming death of the U.S. currency, middle class, and by implication, its entire economy, as gold hits all time highs. Max Keiser joins the fray: "This is just another step to the US economy collapsing, and the US, as a major power, collapsing." One thing is certain: Listen, and understand. The Chairman is out there. He can't be
bargained with. He can't be reasoned with. He doesn't feel pity, or
remorse, or fear. And He absolutely will not stop, ever, until the dollar is dead.
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hopefully, oil.
Robert Fiske new video
http://www.youtube.com/watch?v=CBDPGkW6SCU
Fisk makes a great point about the ME at about 6:00 in.
You want a weak dollar, Ben? Do you really want a weak dollar? We'll give you a week dollar. Teee heee heee
China's financial state is IMO much worse than is apparent. Also, they have lost a LOT of face in their bad SWF investments. They are not going to trash the dollar anytime soon and trash their foreign currency reserves as well. Yes, they might (and are) trading paper for commodities, but they are not going to do anything dramatic for years out.
Ya, well.., who's to say?
Sometimes circumstances dictate a change in plan. Maybe they will be persuaded to suffer short term if the opportunity to swiftly defeat a long term foe presents itself. And boy, are we ever setting ourselves up for a quick end. Fiscal leaders and American banksters keep flipping the bird to the rest of the world, and yet, we have a current administration that probably won't have the stomach to use the MAD option if the BRICs decide to strike.
Oh what a tangled web we weave..
Sun Tsu would have said something like:
"If your opponent has a strong military, make them devalue their currency. Do nothing with your currency nor push your economy hard, but invest in resources and wait. Where their economy is weakest push them and they will fold without a fight. In this way is war fought in economic terms. It is best not to fight with economies for the people suffer and there are long term problems. However if you must wage economic war be formless yourself and make your enemy take forms of weakness. Then swiftly crush their hope for recovery. This is called making the enemy happy to cut his own throat."
cougar
Does that Sun Tsu dude have a blog or something? I'd love to read it. He sounds rather smart.
Hilarious, right from the Chinese textbook on warfare. It was there for all to see......
From what I read most of China's manufacturing is in the interior, which feeds the country. Its doing well. The coast is export oriented and hurting bad. They are shifting to domestic production. At least thats what the media tells me.
USD monthly chart indicators are still giving bullish divergence.
www.zerohedge.com/forum/market-outlook-0
Yeah, used to put a lot more credence in Max until I listened to Stacy and he on their "Truth About Markets" podcast. Max said that the reason we don't have health care reform in the US in because the country is racist.
Those of you who want to tear down the Fed and the Ponzi economy --- Don't assume that people who say what you say share your motivation for saying it.
I am not Choomawoomba.
Please use a spellchecker. The operative term for our times is spelled with five "a's." As in, "raaaaacist."
But if he said that, then he's right.
I'm white, I have health insurance, and I say he's right.
The politics of race, wealth and privilege will not be unwound in the United States of America, at least not easily and certainly not on accident. Anyone thinks they can tackle each apart from the others simply is not paying attention and has learned nothing from the 200 years of US history, and the 800 years of Western history since the Middle Ages.
cougar
I smell a rat. I see a set up. Long gold. Turn around. short gold. Watch the paper (gold derivatives). Watch the physical. Paper nearing bubble territory. Do as the squid does. Dont fight the squid.
Holy crap what just happened to gold - now at $143/ounce?
edit - make that $1043/ounce
I smell a market blow off/short covering.
Who could of guessed that outsourcing the manufacturing base to China, outsourcing the office jobs to India, and outsourcing foreign policy to Israel would hurt the U.S.?
I saw this during Reganenomics and the NAFTA sucking sound era.
Sweet!
I am Chumbawamba.
That's called "a colonial policy for economic growth" and it's working out as well for us (in the US) as it did for the British when they gave it a go.
Works great for a while, until the colonials get their undies in a bunch, which is right after they realize they have their erstwhile masters by the left one.
Much merriment ensues.
cougar
Commod prices up...Check Gold up...Check Dixie down...Check
Keep play'n the deflation thesis...Right!
This is the dumbest video I've ever seen. Did anyone actually listen to what that moron was saying?
No, I was too busy staring at his tits.
I am Chumbawamba.
@ chumbawamba,
Could you please find another blog to troll? I find you very distracting. You have absolutely nothing to offer here, are you the same guy who maxed out your credit cards, and now, your not paying?
I picture you as a 12 year old locked up in a detention center in lower Mississippi.
Go away.
There's no such thing as a phoney war if bombs are dropping on your house killing your family or bullets are whizzing by your head, or an IED is blowing your arms and legs off.
Another propaganda puff piece to disparage the mighty American Military Evil Empire.
Why doesn't he just come out and say it.....
'America, die already, why don't you'.
Anyway, Obama is the messiah, we have a green shoots 'V' recovery and everything is alright with the world.
Don't worry bee happy!
Moe thinks Max is dead on the button.
The world is tired of the USA and it's greedy crap.
Moe is tired of it also.
Regardless of his radical views.to his credit,he has been saying that the dollar will be destroyed. And so is Jim Rogers. And I tend to believe that Jim Rogers probably has an insider knowledge of the fed plans,as I am sure that through his career he has a friend or two from the insiders.And that is what kept me from tilting toward Prechter's strong dollar and credit destruction thesis. Even though possibilities of the market tanking (in real term)still there. Just imagine a worthless dollar,and all the foreign investors pulling out of the market scenario.
It is harvest time folks!
better get that corn in before it freezes on the stalk.
>>gmrpeabody:I tried to find anything connecting Max Keiser to a 13 yers old girl,but there is nothing. Any proof to that?also might you be mixing him with Polanski(a fikm director who lives in France)?and if there is such an allegation when did come out?
El dude was referring to Keiser's opinion that Polanski shouldn't be extradited because the girl doesn't want to press charges, it was already settled out of court, etc...
Lost a little respect when maxie called afghanistan a phoney war.
I do not have the figure for the total amount of GOLD in the world but I guess the price would have to be in $Million to have to replace all the currencies. Think about it.
You're thinking about it the wrong way. Everybody is so conditioned into thinking that the gold would have to first be "converted" into some fiat currency.
Riddle me this.
How much is an ounce of gold worth in Zimbabwe currency?
Answer:
It doesn't f-ing matter, however 0.1 grams of it will buy you a loaf of bread there.
Does it matter if it's 1 Trillion Z-Dollars or 100 Trillion Z-Dollars an ounce?
Prices will simply adjust from (x) dollars to (x) ounces. The great thing is that it will happen rapidly and all on it's own.
Fantastic video if interested.
http://www.vimeo.com/3722256
The U.S. is insolvent, bankrupt under any objective rational analysis. Our ad hominem debt-to-infinity money print factory notwithstanding, our hour of reckoning cometh like the dawn. It is as inevitable as the passing of time. This psychological concept we conceived in that long ago age when our reason became hoodwinked will be evaporated as quickly as one blows out a candle and there will be nothing left but blood in the streets. Hang on to that irrational folly of value media which man calls his sacred dollar as long as you wish. A fool and his money soon part.
Bingo.
Very nice.
Do not underestimate the invigorating properties of warfare.
Though it needs to be a big one to really pull you up.
And big ones are much easier to start and manage than little ones, in case you were confused on that one.
Our 2012 general election here in the US will be fascinating to watch.
cougar
What would Max Keiser know about geopolitics and currency death knells?
Sorry, but the financial war started on 9/11/01
You mean the 9/11 when building 7 fell and took down the SEC enforcement office and the artiste' formerly known as Solomon?
It is my contention that the US financial structures broke without any remote potential for repair and revival in the summer of 2007. The symptoms became obvious in the summer of 2008 to the slower observers with visible shock waves bathed in crisis. The reactions from shock waves have come since the autumn months of 2008. The system has broken, but the syndicate in control wishes to keep the music going, keep the machinery turning, keep the money flowing, so that they can continue the massive rackets, bury the frauds & counterfeit, cover their tracks, process the bad paper into USGovt coffers, continue to corner the printing press operations, continue to con the USCongress into granting more funds for Goldman Sachs to dictate dispensation secretly, and to continue the endless war whose rivers of blood are matched only by rivers of redirected private contractor fraudulent payments. Nobody seeks justice and prosecution for over $1 trillion in mortgage bond fraud. Nobody seeks to remove Goldman Sachs and JPMorgan from control posts at the USDept Treasury and USFed respectively. Nobody seeks even to locate the missing $50 billion from the Iraq Reconstruction Fund, or to announce the known location of the stolen $100 billion from the Madoff Ponzi Scheme (it aint $50B and they know its exact hiding place). Foreigners have been very busy since the autumn 2008, as they dismantle the levers, knock down the pillars, block the escape routes, yank the collateral from the paper marketplaces, and otherwise thwart the US-UK schemes.
http://www.321gold.com/editorials/willie/willie100209.html.
russia today! (state-funded btw)
max loses me with all his rambling...
He forgot to mention that central bankers also like financing wars to make lots of money for themselves. It's happened throughout history. Bernanke and Geithner are in on it. They just cannot admit it since the American public would be outraged if the true agenda became known.