Galloway still has no clue of the arab world...bedouins did not build a squat in Dubai. Design/architecture was done in the US or Europe and operational from engineering, project management, and labor all from Asia (mainly South).
@Immy1993 I dont think he was literally saying they built them with their bare hands but obviously he meant they had them built. Their money built the skyscrapers is what he meant.
Max, you nailed it. There is a LOT of room for deflation. A lot of Americans are predicting hyper-inflation simply because they have no experience of deflation. We're looking at 10 years of malaise and drift downwards. The global situation is an almost exact parallel of Japan 15 years ago.
Tobacco, I agree with you that it will be deflation. Where we probably part company is that I feel hyperinflation will occur later. Perhaps both can occur at the same time. Housing values declining and food prices increasing.
I'm taking advantage of the dip to buy Xmas gifts - what a great idea - instead of throwing money away on consumable crap - give people something that keeps its value (and with more chance of gain than a lottery ticket).
Also, once your friends and family actually get a taste rather than just listening to us talk about it - they may start thinking about it more seriously - it may get the snowball rolling.
for a short while, perhaps. but in the long term, other factors intensify, like the simple loss of inventory; rising prices making alternative energy sources more economically feasible as a competitive service; a reduction of OPEC's overall power, including reduced US military aid.
If you only have 1 true export product supporting your entire economy and defense sector, you are going to be in trouble when it runs out.
If you like it , you can check out the guy's website, and watch his free 3.5 hour explanation of money, debt, energy, oil, the economy, population, etc....
Chris Martenson (dot ) com
Very well done presentation by a PhD scientist and former Fortune 300 executive, who understands a wide scope of issues, allowing him to make critical connections in a simple, non-paranoid style.
Starving, The chrismartenson crash course is great. Also Max Keiser is a realistic economist(small minority unfortunately) regarding peak oil. Most economists have their head up their you know what!
not only that, if you watch the al-jazeera videos on his playlist, you'll see what a gifted teacher and narrator Max is. Each episode explains in frank lucidity the essence of such things as the dollar carry trade, hedge funds, naked short selling, etc. Like 25 minute long documentaries.
What's the middle east going to be like after peak oil? Without fuel for planes and boats, Camel trains will be pressed madly back into service no doubt - they'll be rolling in cash more than ever!!!
I'm British tax payer, does that mean that I own a piece of Dubai or kept in the dark with more debt by RBC & Lloyds. Thanks of course to the Government's wise decision to bale out these Banks but not those in debt like the poor man on the streets. I can see who calls the shots at the heart of government, and it ain't the tax payers..
ya, you have to just hate the rothschild banking family, as i do its counter here in america, the rockefellers. i'm fashioning a gallow in my back yard.
hey we live in the dessert lets build an island of sand and build houses and towers on the ocean because we need more deesert in the dessert these people are so dum lawrence of arabia would not be surprised theses people havnt changed you have to be insane to live there its surfdom and everybody acts like its great really i cant stop laughing i thought americans were dum goodbai dubai hahahahh
Don't forget that giant indoor snow park in the middle of a fucking desert LOL...good riddance, I hope the people chop off the elites heads and roll em down the ski hills! yaaaaaaaaaaaaaaay.
Very interesting comment Max makes about his sources in Saudia Arabia and the Ghawar oil field declining at 10% per year for the last three years.
I have yet to hear this anywhere else.
If this is true, we are F***ked.
This would validate the comments from the IEA whistle blower who said that "there was pressure from the US to intentionaly overstate remaining oil reserves in order to avoid oil hoarding and further financial collapse".
google zapata george if you want to hear more about the status of oil related resources. he has a podcast posted every saturday. mexico oil reserves look to be in trouble too.
Surely Britain must be part of the axis of evil if they are so heavily invested in a region(Dubai)which is funneling Iranian produce/money into the world?
Iran will be weakened and the stage is set to take over control of the Iranian oil wells, including the pipeline that will connect Iran with China (via Pakistan) as more US troops are engaged to help afghan warriors against minorities in Pakistan.
get out goverment out mps and bank scams people not good this greedy world is shit, rat race we are in, merry xmas :)
drgazart1 1 year ago
Galloway still has no clue of the arab world...bedouins did not build a squat in Dubai. Design/architecture was done in the US or Europe and operational from engineering, project management, and labor all from Asia (mainly South).
Immy1993 2 years ago
@Immy1993 I dont think he was literally saying they built them with their bare hands but obviously he meant they had them built. Their money built the skyscrapers is what he meant.
liamsherif 2 years ago
This article is a good summary of Dubai and its status. Feel free to search for:
"Dubai (aka Debt-Bai) real estate wipeout
kicks off Stage 2 of the global depression"
From rickackerman (dot) com
doctorofghetto 2 years ago
Max, you nailed it. There is a LOT of room for deflation. A lot of Americans are predicting hyper-inflation simply because they have no experience of deflation. We're looking at 10 years of malaise and drift downwards. The global situation is an almost exact parallel of Japan 15 years ago.
Tobacc0 2 years ago
Tobacco, I agree with you that it will be deflation. Where we probably part company is that I feel hyperinflation will occur later. Perhaps both can occur at the same time. Housing values declining and food prices increasing.
jimbobubbadj 2 years ago
my cam is running abd i am really bored with all that stuff
AmmberSexyy 2 years ago
part irish too
awesomewelles90 2 years ago
allah blesses chairman bernanke and secretary geithner for sending sidewinder missiles straight up the shorts of american taxpayers.
trinomialtree 2 years ago
what accent does the interviewer have? from which country? i cannot place it.
is it scandinavian?
orangedac 2 years ago
Ruledia, its a very small counrty next to moldavia in ex-ussr
gammabun 2 years ago
Love ya Mad Max :)
lindabebe835 2 years ago
I'm taking advantage of the dip to buy Xmas gifts - what a great idea - instead of throwing money away on consumable crap - give people something that keeps its value (and with more chance of gain than a lottery ticket).
Also, once your friends and family actually get a taste rather than just listening to us talk about it - they may start thinking about it more seriously - it may get the snowball rolling.
Every bit helps!!!!
mallamoozoo 2 years ago
Whoa, Max, what do you mean what's the middle east going to be like without cheap oil?
I would guess better, if they get more $ for oil, even if they have less oil, it will be better for them.
XYPerfection 2 years ago 2
@XYPerfection
for a short while, perhaps. but in the long term, other factors intensify, like the simple loss of inventory; rising prices making alternative energy sources more economically feasible as a competitive service; a reduction of OPEC's overall power, including reduced US military aid.
If you only have 1 true export product supporting your entire economy and defense sector, you are going to be in trouble when it runs out.
StarvingForTruth 2 years ago
interesting ....
plumflowerblossom 2 years ago
we need the glass steagal act back but whats the poop on hr 4173 the low down on whats in the wall street reform and protection act?
justanothersheeple 2 years ago
Max is the Pimp Daddy of this stuff. The dude is a machine...
Motoicon 2 years ago 3
I'm glad Max talked about Peak Oil...
gauharjk 2 years ago
What is peak oil, and what did Mr. Keiser mean when he said what's the middle east going to be like without cheap oil?
Lingerfoot 2 years ago
@Lingerfoot
Check out this youtube video on peak oil.
watch?v=cwNgNyiXPLk
If you like it , you can check out the guy's website, and watch his free 3.5 hour explanation of money, debt, energy, oil, the economy, population, etc....
Chris Martenson (dot ) com
Very well done presentation by a PhD scientist and former Fortune 300 executive, who understands a wide scope of issues, allowing him to make critical connections in a simple, non-paranoid style.
Good stuff.
StarvingForTruth 2 years ago
Starving, The chrismartenson crash course is great. Also Max Keiser is a realistic economist(small minority unfortunately) regarding peak oil. Most economists have their head up their you know what!
jimbobubbadj 2 years ago
@jimbobubbadj
i'll drink to that, jimbo.
not only that, if you watch the al-jazeera videos on his playlist, you'll see what a gifted teacher and narrator Max is. Each episode explains in frank lucidity the essence of such things as the dollar carry trade, hedge funds, naked short selling, etc. Like 25 minute long documentaries.
StarvingForTruth 2 years ago
send me the link please
gammabun 2 years ago
@Lingerfoot
in short, it's when the world is using more oil than it is able to get out of the ground.
we're already doing that right now.
debates continue about what may still be stuck in the earth, but discoveries are on a continuign decline.
giant discoveries are occasionally announced, and then later less vocally, downgraded.
our entire economy, way of life, etc - relies upon that oil, and the work it does for us.
StarvingForTruth 2 years ago
get my max fix
marniespeaks 2 years ago
Bet ya $10 bucks Abu Dabi buys Dubai !
GuildF40 2 years ago
this world is fucked
rikestard 2 years ago 6
not the world - rikestard like Georgle Carlin said - the PEOPLE are fucked. The world will be ok with all that
grossleinbach 2 years ago 4
Great one Max. Thank you.
Peace
truefictions 2 years ago
Thanks Max! Great insight as always!
sarahsgift1 2 years ago 2
max keiser looks like semmy schilt, lol
jerebol 2 years ago
This has been flagged as spam show
But don't forget: Do Buy!
30minutez 2 years ago
You the man Max.
ISellSigals 2 years ago 7
Thanks Max, Maybe the C.I.A. can buy Dubai. That would be a good way to launder thier heroin profits. Dubai could be the heroin capital of the world.
justaoldslave 2 years ago 6
Peak oil = back to regionalism.
That's how it's meant to be anyway...
Tressco 2 years ago 4
What's the middle east going to be like after peak oil? Without fuel for planes and boats, Camel trains will be pressed madly back into service no doubt - they'll be rolling in cash more than ever!!!
cpswyl2 2 years ago 2
This comment has received too many negative votes show
Fuck George Galloway dirt bag.
DiNatalli 2 years ago
please address the audio level of this video
LLCoolPass 2 years ago 3
Dubai is chump change compared to California.
NibiruMagick2012 2 years ago 7
California is chump change compared to the U.S.
RCinPAWA 2 years ago
Now that is the truth......
NibiruMagick2012 2 years ago
I love Max, but it's neat to see him speak w/o
going over the top. then again, it is MadMax we all love.
fatpius 2 years ago 4
Thanks Max!
Armando7654 2 years ago 3
I'm British tax payer, does that mean that I own a piece of Dubai or kept in the dark with more debt by RBC & Lloyds. Thanks of course to the Government's wise decision to bale out these Banks but not those in debt like the poor man on the streets. I can see who calls the shots at the heart of government, and it ain't the tax payers..
elite1980s 2 years ago 11
ya, you have to just hate the rothschild banking family, as i do its counter here in america, the rockefellers. i'm fashioning a gallow in my back yard.
2skullscrushing 2 years ago 4
winner502 2 years ago 3
Don't forget that giant indoor snow park in the middle of a fucking desert LOL...good riddance, I hope the people chop off the elites heads and roll em down the ski hills! yaaaaaaaaaaaaaaay.
mookixox 2 years ago 6
really the prince who did this
i beleive will lose his head
when they chop his head off here in america the bankers are going to really start freakin out
just like french revoultion sent shockwaves threw europe
this party has just begun
lets build sand dunes in the ocean
hhaahahaha
you think this prince has about two years maybe before he loses his head
winner502 2 years ago 3
Very interesting comment Max makes about his sources in Saudia Arabia and the Ghawar oil field declining at 10% per year for the last three years.
I have yet to hear this anywhere else.
If this is true, we are F***ked.
This would validate the comments from the IEA whistle blower who said that "there was pressure from the US to intentionaly overstate remaining oil reserves in order to avoid oil hoarding and further financial collapse".
hang on, the ride is going to get bumpy!
MrColt45acp 2 years ago 9
google zapata george if you want to hear more about the status of oil related resources. he has a podcast posted every saturday. mexico oil reserves look to be in trouble too.
lloydmer 2 years ago
Yabba Dubai Doo,
It's the SKINT-stones.
NowisEvollovetion 2 years ago 3
months
DickGhostmoon 2 years ago
I tend to agree, Galloway does a radio program in the UK, and he trashed the 9/11 truth movement a few moths ago.
DickGhostmoon 2 years ago
Why is he a traitor?
sansez 2 years ago
Put me down for $7.00 worth.
18deadmonkeys 2 years ago 3
Surely Britain must be part of the axis of evil if they are so heavily invested in a region(Dubai)which is funneling Iranian produce/money into the world?
justjacqueline2004 2 years ago 3
I loved your piece on taking out Goldman Sachs. Keep up the great work Max!
johnu78 2 years ago 8
Do buy Dubai!
WesSeid 2 years ago
one should buy something of more practical value..
dinkolino2 2 years ago 3
I think those new glasses made you smarter!
bunkermunk 2 years ago
Iran will be weakened and the stage is set to take over control of the Iranian oil wells, including the pipeline that will connect Iran with China (via Pakistan) as more US troops are engaged to help afghan warriors against minorities in Pakistan.
ewffaces7 2 years ago
Always glad to hear Max's perspective!
facethesouth 2 years ago 5