Max Keiser On the Edge - 29 May 2009 pt 1 / 3

[30percentplusreturns]

Gold and silver. The only honest money. All confidence in all fiat currencies will collapse within 5 years. I just liquidated my ira on this run up and am buying bullion and storing it in my house. I cant take these banker fraudsters anymore.

[klard]

30percentplusreturns: What about the prospect of a government gold confiscation? There is precedence in the 1933 confiscation. If the US currency looses its status as international reserve currency the Federal Reserve will be forced to find a value for backing for its currency.

[30percentplusreturns]

Government is already confiscating gold but not the plain vanilla way like the 1930s. The govt owns the banks and the banks are obtaining all of the gold and silver through the etf's. While everyone thinks they own gold and silver by buying GLD and SLV, in reality they own an investment, "Similar" to gold and silver as per the prospectus. One will wake up one morning with these etf's down 90% and bullion up 300%. While the banks get the bullion, they are shorting on the futures market

[klard]

30percentplusreturns: You may have explained why there is no answer to those folks pushing metals now. The bankers are enjoying it as another opportunity to thieve.

[LastReplaySC]

thats the/my medium -term bet

[cds162]

we are doomed!

[Armando7654]

Max, thanks for the update!

[mattgeb84]

YES YES !!!!

WATER BOARD geithner, and paulson

[nsprphg]

great job

[markymarkuss777]

I think we should buy into copper, the one metal that no one seems to be talking about. China is buying a lot of it!

[fam600]

All these conspiracy theories that i hear about the bilderberg group, trilateral commision, cfr, ect.. and how all of them consist of westerners is all becoming so much more convincing to me now after everything that is going on. It reinforces those conspiracy theories, especially with the point about how china is making all the right moves and the west isn't. The chinese don't belong to the cfr and neither do they get invited to biderberg group meetings.

[fam600]

In a sane world there wouldn't be all these ups and downs or booms and busts in the economy, but they always seem to make these 'elites', which the conspiracy theorists talk about, stronger and wealthier.

[joneselius]

Please don't let these theorists consume you, this was sorted in 08 by ONE YouTube user.

An intellectual, here, I'll post you a link, I hope you're patient as there's a LOT of reading involved in this, but it all stems from one source, all of it..... R.C.Christian and the Georgia guide stones, there's a reason pseudonyn is spelt wrongly on them.... it's NOT a pseudonyn. R.C.Christian was the founder of the Rosia Crcius order. Which stemmed all other orders after.

[joneselius]

/watch?v=lWzwvE0tAwM

There's the link for the turht about the theorists ideas.

[mahdiya]

Come on....the only reason that China isn't dumping US T-bonds on a large scale is the fear of repercussions from America. With HAARP they can make life for the Chinese rather miserable. As Benjamin Fulford pointed out earlier, it's an instrument that can create earthquakes...

It's not only economics that dictate politics, but vice versa as well.

[chewbaca1989]

Tar and Feathers? You bet.

[overseachininadoll]

Agree! Water Boarding is the way to go.

[nxn8690]

How come China is making all the right moves & the West is making all the wrong moves?

[entotrefirelol]

Because it's being done on purpose!

It's all intentional!

[nxn8690]

"It's all intentional!' Whose intention is that , China or the West?

[entotrefirelol]

"the West"

It's made possible because of the privately owned central banks!

[nxn8690]

What about China, how come they make all the right moves? If this is also intentional, then whose intention is this one?

[rayme4raw]

China was just as irresponsible, they should never have bought so much of US debt, because at some point the debt gets so great that it can never be paid back and the US will have to default. The Obamination is liquidating the debt by giving us double digit inflation coming soon which will finish off the rest of the US economy. I hate fiat money, bring back the gold standard now. And get rid of the Federal Reserve.

[nxn8690]

So you mean, China intentionally lend US too much money to ruin US?

[rayme4raw]

Oh, I don't think so, that kind of long term planning, I think is beyond a politician's mental capability, even China's politicians. I read that they pegged their currency to the dollar to keep it artificially low, now they realize they are trapped, if they cut the US off, more of their citizens become unemployed as factories exporting to the US close, if they keep giving us money, they run the risk of not being paid back, either way both countries are screwed.

[nxn8690]

How did this let's get screwed together biz start about? Who did start?

[LastReplaySC]

it was called or known as the "chimerican deal".

in a way yes, but on the other hand no, because as long as it generated enough growth in china, it was a symbiosis, that neither country wanted to miss.

Basically the "Chimerican deal" was a stable 20 year long racket.

US get investments to consume goods made in China while the US production industry produced in china making the money in form of local tax for the investment. THE US Spent their money instead of investing in the US.

[kroznot]

China was lulled into buying the debt in return for international political favors, like the Olympics and weapons technology. While the larger nations were deciding among themselves which smaller nations would ultimately be given to whom, china was promised that if they financed middle eastern wars, they would be given africa. They seem to have taken the bait ten years ago, but they have good reason to doubt that US and UK will keep their promises now.

[rayme4raw]

I've been reading how Geithner went to China this week to reassure them that the US is committed to a strong dollar and that there would be no Hyperinflation, the Chinese students all laughed at him. Although how a broke US & UK can prevent China from just taking Africa is beyond me. The American people are rapidly getting ready to revolt against all the Military spending as our economy collapses, Obama (where is your birth cert?) is in for a surprise.

[kroznot]

the us military is not broke. at least half of the bailout money, which is now in the trillions, is going to complete the construction of a global police state. they don't need to borrow more money from anyone now, they will reorient the entire us economy into a war economy. Once the mask is off, China will have to retreat out of africa because they will realize they are desperately outmatched strategically and technologically. How many bases does china have outside of china?

[Tasadaru]

Yeaaaaaaa! Fear Ron Paul Ben Bernanake, fear him.

[TheFlex21]

when they come to confiscate your gold, like Marc Faber said they will....what are you going to do???

[Tasadaru]

Give them the candy kind.

[tung2sai]

lol...good idea!