Max Keiser on Obama's economic team - Ajazeera 24 November 2008

[raspberrybaggio]

you're grim, you stupid cow:)

[duck24x]

Why can't ALL ex-brokers, ex-options traders be like Max Keiser?

[Endza50]

MAX you are SMART and noone can beat you when it comes to thinking and telling the truth as it is. GOD BLESS YOU MAX.

You are outstanding.

[Libertarian555]

take some valliums and forget it max...the ride will never stop..."is this real? or is this just a ride?"

[1johnlangford2]

I love you Max. Maximum! How can you take all the stupid questions. I love it. "You've painted a grim picture Max" frickin' idiot central.

They didn't dumb you down. You people are just plain stupid.

Max is one of the few brilliant souls upon this planet.

Go get your Twinkies & donuts people.

If you cannot see Max's brilliance, your of no use to anyone.

Good thing this shit's coming to an end soon.

Oh yeah, the reptilians will eat you for breakfast. It's all good.

jesus

st john

DIABLO!

[seph0000]

I hear ya. America is in serious trouble and its people have become complacent. My point of that comment? American's ARE NOT DUMB! We have been dumbed down by the education system, by the television, but the few of us left with intelligence and free-thinking will not stand idly by and allow this to continue on the trail we foresee.

NEVER GIVE UP HOPE

[xaviqaz]

I didn´t know Max Keiser. Is he a liberal? Or maybe a "libertarian" progressive?

[Tasadaru]

He has no party affiliation. But he is a strong advocate for the Constitution of the United States, especially when it comes to the monetary issue.

[seph0000]

Are you having a conversation with the guy in the video? oh, well then i wont interrupt you guys. please gooooo on...

[DB3D]

Now that its 27 FEB 09 I would say Max Is dead on the money and now can we get the liberal media of the US over their obsession with BO the Socialist and start telling the truth.

The US is moving to a Two Class Society

the

Elite liberal

and the

Subjugated Populus

Classes

[toeg1]

One major flaw in this analysis, which otherwise, is quite brilliant. Max states that foreign governments will no longer buy US dollars. We are now Feb 09 and they are still buying and they still HAVE to buy. Look at reality. Trace the purchases. They are still buying.

Why??

The dollar is the global currency. If it SUDDENLY fails, world crisis happens. They aren't dumb. They have to let the dollar down gently or force immediate global meltdown (and no, we are not there yet). Look at the facts!!

[kkalayaan]

they are still buying, but eventually they will have to stop buying, just like everybody in the world has stopped buying just about everything. and the more of those treasurys are on the market the less they are worth, so I think eventually people will wake up and stop buying an asset that is on the way to becoming worthless. plus America has lost its moral high ground in the world. i think it is only a matter of time before people are just fed up with us and leave us to fend for ourselves.

[toeg1]

kkalayaan,

Of course you're right. Germany, China, Iran, Venezuela are leading the growing clarion call to dethrone the US. I say it's about time. Why they put up with this bs for so long is beyond me, but hey, it was a great ride.

The optimum point that no one has pinned down here is when? While there are still several trillions in foreign hands, they can't. And they'll need a few more trillion before all is said and done. It's the timeline that needs to be identified here, not the end result.

[kkalayaan]

'When' IS the big question alright...

[PoliticsAddict]

forward a month and after the fed pumped 2.2 trillion dollars into the system, dollar declines 3 percentage points...hhmmn, closer to reality now it would seem.

[toeg1]

PA,

I don't follow.

[PoliticsAddict]

you say the dollar could never crash but already after the fed pumped in 2.2 trillion dollars to buy up toxic mortgages, already the dollar weakened pretty significantly. so if the fed continues to print trillions, debasing our currency, we will have hyperinflation.

[toeg1]

PA, Please read my comments again. You won't find the word, "Never," there, so please don't use it. How many dollars to buy one euro: 03/19/2008 1.57640 03/25/2009 1.35960 How many dollars to buy one GBP: 03/19/2008 2.00840 03/25/2009 1.46740 That's AN INCREASE IN THE VALUE OF THE $ over the past year. That is taken BEFORE TARP and the rest to today. Could you please explain how this obvious increase in value proves it is "already the dollar weakened pretty significantly."??? hmmm......?

[cancanbiker]

It is quite simple. The fed abolished the gold standard; the dollar is therefore valued on how much money is in circulation. The FED controls how much money there is, so they control what money is worth, so they control the economy and how society functions. The trend at the fed is print more money........

[JRCrowley]

Max Keiser is my gold advisor. Thanks Max.

[SieLmx]

The obama worshippers will soon come to realise who he works for!

[90462]

They will never realize. They're too stupid.

[pjperalta]

In its essence, ex-nihil money creation by the present banking system is identical to that of the counterfeiters. In fact, it brings the same results. The only difference is who benefits.

Maurice Allais, Nobel Prize of Economics.

[MrAnderson122112]

New World Currency is coming!!!!

[Armando7654]

I wonder how swiss franc would sustain this global currency devaluation?

[LastReplaySC]

The game is rigged ......we all know it, but no-one has the guts to just boycott it.

Also with A US army parked in every country and being dependant on this rigged Dollar system, just makes up this pathetic paradox

[finefilth]

He looks like Norm Macdonald from SNL... only a little funnier

[grovernors]

The brain is a computer, garbage in = garbage out. Global corruption and propaganda is widespread.

Support TONA2009 and help create a beachhead for humanity.

BTW Max that suit isnt very snazzy, you come across stronger when you are boldy dressed. Like the cuttle fish you educate those whom observe and dazzle and entertain the myopic long enough to get your points out. Bravo.

Repeal of glass-steagall act is a problem.

We need solutions, TONA2009 is a solution.

[LLCoolPass]

my god, his suit? this is a bad video and you can tell, wow

[navtel]

max should be on the nightly news every day until the sheople realize what is happening.. wake the hell up everyone.. get out of debt at at any price..

[guslingus]

So true.. You get no idea from Faux news or any other sheople news media..

[paulsworkshop]

first time I've ever heard quadrillion used before. Wow!!! Concerning the Forex - does that peg the dollar at around .5 with the Euro somewhere around .75 or do they continue to correlate with the dollar at .5 and the Euro at 2.00? It seems the EU is not taking the same debt steps as the US. We have seen the GDP/Yen devalue nearly 40% since January last year.

[experimentsingeekdom]

At the end Max says "its not a grim picture". It's true. End of the dollar hegemony would provide a much needed relief to the rest of the world, even though the there is going to be a lot of short term pain. Medicine always tastes bad.

[DrRonPaul]

People don't want to hear the truth.

The truth is a grim picture, not happy unicorns and rainbows.

Idiots like the woman in this video.

[grossleinbach]

That´s absolutely correct - unfortunately

[beckner4200]

gotta love max keiser

[zappos49]

It's hard to hear because SHE TALK OVER HIM which I hate but he said

"the US dollar will be cut in half"

Dont say nobody warned you

[1blnde]

Didn't Nixon say"We're all Keynesians now"?

And here we are 37 years later probably at

the end of the currency creation rope.What

choice do we really have but to keep crankin' out the debt?Our style of economy only works

on new debt creation.Pump it out!

[sturdyoldoak]

Some say that Obama was put in power to take the fall for the Neocons for the financial catastrophe. I for one won't forget that it was BUSH who inherited a surplus, then doubled the national debt and left us on the verge of bankruptcy, martial law and Great Depression Two.

[compwiz4u]

Please go to the Treasury's "Debt to the Penny" web site and you will

see the total debt increased each of those years where there was a "surplus." The total debt should have gone down if a surplus occurred. The politicians have been twisting the truth all along. It is impossible to take sides if you look at the details.

[sturdyoldoak]

Your point is well taken. So it becomes an issue of degrees maybe, and if Bush DOUBLED the national debt, doesn't his excesses far exceed Clinton's, or no? I could mention other issues that make Bush's errors especially unforgivable, such as his disregard of the wall of separation between church and state, thereby preparing the way for a theocratic, fascist dictatorship.

[sturdyoldoak]

Just one quote to finish my point that Bush did much to empower those who want to impose a religious tyranny: "The Bush administration has steadily diverted billions of dollars of taxpayer money from secular and governmental social-service organizations to faith-based organizations, bankrolling churches and organizations that seek to dismantle American democracy and create a theocratic state. . .the wall between church and state is being disassembled." "American Fascism" by Chris Hedges, p. 23.

[therealcaptobvious]

sturdyoldoak, I won't argue that Bush ran up the federal debt.However, Clinton pulled the wool over your eyes. Social security somehow disappeared when Clinton balanced the budget.Then he passed deregulation and signed a badly drafted NAFTA with China.Does a $700 billion dollar trade deficit ring a bell?It sickens me that people would play the bipartisan bias. Well bipartisan is a figment of your imagination and it shows you care only about the party's interest, not the people's.

[sturdyoldoak]

No,therealcaptobvious, I know they are ALL on the wrong track. I voted for Ron Paul. I knew about Clinton's foolin with the SS figures, but he didn't come near to DOUBLING the national, did he? And Congress is responsible also. It is a sad situation indeed. You obviously know your stuff, therealcaptobvious. I'm sure I could learn a lot from you.

[therealcaptobvious]

sturdyoldoak, listen to what you're projecting before you become the misunderstood brooder. DEREGULATION was passed by Clinton,that caused the Enron loopholes and other energy deregulations and the subprime mess which is almost a bigger mess than the war. It doens't matter what "you really know", it's a matter of what you prioritize. There's an article called "more people are killed by governments than by wars" you need to read, our troops are not thugs. They weren't thugs in nam either.

[sturdyoldoak]

therealcaptobvious, deregulation is another subject. I believe government's THE problem 98% of the time. Most troop's are not the thugs, some are (Abu Ghraib, ETC!) Have you read "Imperial Hubris - Why the West Is Losing THE War ON Terror" by Michael Scheuer, or "BLOWBACK - The Cost and Consequences of American Empire" by Chalmers Johnson? The majority of our troops in Iraq are against that war - they are victims also of Bush's failed policies. Ron Paul had the best adivce, "Just come home."

[sturdyoldoak]

Found that article ("Governments kill more People than Wars") The GOVERNMENTS launch the wars. Not sure what your point is.

[gustafus21]

Do you want more Al Jazeera Tv? Get behind the FAIRNESS DOCTRINE... it isn't about Rush and Hannity.

It's about JEWS controlling content on radio and TV.

Vote Al Jazeera - get the truth. Get rid of Jews in media

[jeemobon]

what'S the point of this whole global game. man its beyond me. Dudes just moving resources around, securing their positions, gobbling up as much as they can, tripping on power. At least it's somewhat interesting to watch it play out.

[burlearth]

to bankrupt the people.

[ngonea]

jeemobon - they rerun the same script about every 80 to 100 yrs. If you read about the great depression you will see very simular things going on right now, the roaring 20's was wall street speculating , like now, then the bust, J.P morgan agent of the British & the Fed contracted the money supply like right now.. some say the endgame objective to this is population reduction to 500 million?

see: "Estoteric Agenda" & "Agenda 21" on yt

or Joan Veon on yt. "Codex Alimentarius"

[therealcaptobvious]

ngonea, it's a completely different ballgame. 100 years ago, the U.S. was the lender to the world, and because of that the U.S. could manipulate world affairs. Now that the U.S. has borrowed so much from Japan and China, they can hold our currency hostage to do what they want.

[ngonea]

therealcaptobvious - it's the other way around, U.S. cheated the world since the fall of Betton woods with "toilet paper money" They held the world hostage to use worthless currency as the world oil reserves. Remember in GOD we trust. Guns-Oil-Drugs. Dont' blame the victum for responding to being cheated. America is for sale because she OWES. She's like a beautiful women dressed in her finest, but, she's got AIDS, so what good is she?

[therealcaptobvious]

ngonea, we know that. America doesn't have aids, it has a cancer. You can cure cancer, you can't cure Aids yet. Our "leaders" want to cover up the symptoms until an arm or a leg needs to be amputated instead of fixing the actual disease. That's what kills me, they know better but they're not fixing anything.

[hara001]

Thats because the fix would involve a very harsh recessions.

[JackNeedles]

I think Max is spot on. The banks are locked up and that is why we haven't seen inflation yet. The Fed is going to continue to give them their junkie injections and once the banks have enough cash, they will open up and we will see MASSIVE inflation. I'm talking about inflation MUCH worse than the 1970's. Most people have no idea. This will severely devalue the USD. At this point, that kind of inflation will push the U.S. into a depression, which is where we're headed.

[therealcaptobvious]

I'm seriously convinced that the banks did screw up but they're pushing assets to pay of federal debt to other countries. It almost seems like China wants their money back. $700 billion trade deficit equals the initial bailout money. Funny how N.Korea was just off the hook for nukes right after the 1st G summit meeting. I think Max is exagerrating the valuations of the bailouts to make a point, well the CD values never existed to being with. These blank check bailout stories are rediculous.

[ATAINC23]

I don't understand how he doesn't get it. US is collateralizing everything they can through those bail outs. They'll end up handing many of those assets over to China and others, while they take the cash and buy other assets. And who pays for all the collateralization? We do through much higher taxes, inflation and a collapsed dollar. These guys have to know this.

[cobracrewcheif]

At least Obama's Chief of Staff is a Jew...That should send a nice strong sign for the Palestinians to go fuck themselves...Good move,Hussein.

[cobracrewcheif]

There goes the neighborhood...The Clinton administration is shaping up...What happened to CHANGE?????????

[Savant28]

A new dark age.

[pierrelarouge]

All you have to do is look at Paulson, he is like the Evil Emperor, just look at him, that is what evil looks like, he is rotten to the core and controlling everything.

[KhmerD0g]

paulson and bernanke refuse to disclose what banks get how much and what collateral does the government get in return. boomberg had to sue the government. it's still pending. damn it, this is taxpayers' money and they are running it like their own. we are screwed by the bush's administration, once for the iraq war, twice for economic meltdown and many more too extensive to list here.

[Hirnlego999]

I.O.U.S.A.: Byte-Sized - The 30 Minute Version

watch?v=O_TjBNjc9Bo

[mikebee02]

"What should the US government be doing to avoid that situation?"

This guy knows everything but has no idea when it comes to a solution. Jumping on the doomsday bandwagon doesn't require much knowledge, and if you aren't part of the solution, you're part of the problem.

[tooltalk]

Maybe the solution isn't to jump around and throw money at it (as Keynesians would have you believe). Maybe we don't understand economics enough to stop a collapse of this magnitude.

While these guys have been singing and dancing around the world warning about the collapse for years, so-called "can do" economists were all too busy cheering their brilliant economy. Maybe the best thing you can do is to admit that you don't know what you are doing and let them work it out.

[andyeza]

There is no immediate solution. It's gonna take years. And a lot of pain. Fasten your seatbelts, folks!

[SenatorOwen]

Awareness is a viable option as part solution imho. What YOU do with that is your prerogative.

'What will the US gov do to make the situation worse?'

Nobody knows! When will confidence in the $,£ & other currencies on an International scale collapse? The Quadrillion % problem

[popcur]

Max Keiser just keeps hitting on those issues hard. Just like drinking a strong drink with no sweetner. Great job, Max.

[NOORBIE]

china has 18trillion dollars and they see them melting down like a snowmen in the desert

[KhmerD0g]

they are using that money to build up their own country.

[wdcsucks1]

they are after putting us in a communist! it is all done by design. there is no effort here to fix anything but to destroy. people have to rise up cause nothing is going to stop them. rise up and implement any means to stop them!!!ANY MEANS!!!

[motonegros]

Max is the master of the "pregnant pause".

[ImyManz99]

US dollar cut in half only? Max was being nice this time. Gonna be a lot worse than half.

[KhmerD0g]

i say 90%.

let's look at iceland so we can see where the U.S. dollar might head to. their krona currency cut by 30% in just one month, since the collapse on October and 50% total since the beginning of 2008.

[basszack]

he gets it, of course it failed that is why they need the money!!! it is grim but it is true and that is what matters.

[psbyowner]

max is like; "well whattya want me to blow sunshine up your ass?"

[psbyowner]

we have a dishonest economic system. how long can it last? dont you think the international community knows this? why would thye continue to play ball and risk being the only without a chair? that is the federal reserve system, by the way...musical chairs. always gotta be someone that takes the fall.

[krist300]

max is very pessimistic and I hope he is wrong, unfortunately, my gut says no, he is not wrong.

[banjojambo9]

global rectum-frying is truly needed

[548768]

I think Americans have changed. They have become very conservative and aggressive. American's during Ronald Reagan, Bill Clinton and John Kennedy were very moderate, classy and elegant. It was a time when presidential campaigns were still run very respectably. Today there are a lot of country yokels who make elections dirty and aggressive. Where has the class and elegance of Ronald Reagan, Bill Clinton, John Kennedy and their supporters gone? Where is the prosperous city on that sunset hill?

[DrBones666]

You have been looking at the USA through some really distorted rose colored glasses. History just doesn't agree with you. The USA has always been full of red neck idiots voting Republican. Think of hard hats with clubs beating on Vietnam war protesters.

This time events were so bad they were forced to vote with some common sense. As soon as things get a bit better they'll be voting with their fundamentalist ideologies again.

[bofors7715]

Awesome commentary by Max!

[photofu]

excellent and scary analysis as always max.

[gembry]

Just had to jump in ... Max is AWESOME! Keep up the good work.

[jvittetoe]

Stupid bitch.

[mikji]

she clearly has some issues

[hesh2]

Save me the labor & give me the baby Max.

Keep up the great work

Keep ur seatbelts on sheeple!!!

[usmcvet66]

sorry, that should have been: water the tree of liberty.

[usmcvet66]

Can America say: indentured servitude? goodbye freedom hello serfdom. Time to water the tree of life as Thomas Jefferson said.

[guildd55]

If you saved (Invested)your money its already been cut in half

[liktd12]

Yes, we can get cheaper computer... and software.

[stealthpakfa]

this trillions and quadrillions is just utter madness by every nation on this planet! too many people have got too greedy and there are way too much money floating around like a giant sea!

[therealcaptobvious]

how many "quadrillions" is this globe worth? According to World Facts, the GWP is just over $60 Trillion, although there's a claim somewhere that the world output is $100 trillion. i believe the quadrillion is an exaggeration if we believed the bailout story.

[shankyxyz]

he is talking about the derivatives market. it was close to 2 quadrillion last year. the global gdp is about 50 trillion. these bankers made bets close to 2 quadrillion.

[therealcaptobvious]

that's the funny part. If the gross world product is valued at $65 trillion in 2007, what are the chances that the world net value would be worth even close to a quadrillion? It's like saying you're going to get a mortgage from the bank on a house that doesn't exist. You pay the fees and such to the bank. But you have their money, if they come after you they can't take away your house. There's nothing securing the mortgage. The CDO's were supposed to be backed by bonds.

[therealcaptobvious]

unfortunately they were not secured. Secured meaning the way your house would secure your mortgage. OR how your car would secure an auto loan. There was nothing backing the value of the CDO traded so it's value was lost. Which answers the $55 Trillion dollar question, why the CD market was valued higher than Wall Street. IT'S IMPOSSIBLE.

[therealcaptobvious]

sorry about the 3rd post. The gross world product, which is a GDP for the world... it came up to $65 trillion in 2007. Found in the world factbook. Gross world production might be $100 trillion.That's only a tenth of a quadrillion.

Anyways, it's questionable that the world's net worth is up to a quadrillion dollars.

The derivative market is full of FALSE UNSECURED VALUES which screwed the non-bank lenders to begin with. It's obvious fraud. It's funny Max is just rambling on about it.

[ngonea]

therealcaptobvious - banks loan money out of thin air. see: "The Money Masters"

[therealcaptobvious]

ngonea, I already know. I've seen it. However, it's extortion to collect fees and interest on money that doesn't exist yet. It's going to take a while still before inflation and wealth creation creates a world net worth of a quadrillion dollars. The U.S. dollar would have to drag the world currency down about um....over 50% to make ONE quadrilllion possible. I could be a little high on the percentage, but I don't have the numbers that tell us exactly what the world's net worth is.

[whaler3232]

The more arrogant Max gets the more I love it!!!

[KhmerD0g]

China and other creditors will not lend the U.S. any more money. why should they? it's not like the end of the world if the U.S. collapses. the world will continue trading with each other without the U.S. there are only 300 million people in the U.S. India and China has huge population and potential for huge consumers as soon as the U.S consumers stop borrowing. wealth will be shift from America to the rest of the world.

[truthsabre7]

Max & Peter Schiff best guys to learn about what the hell is going on.

[mrchekky]

dont forget bob chapmen and alex jones

[truthsabre7]

I am talking about people that are trained in economics. Chapman, and Jones are good for political insights , but they are not trained in economics.

[AMattDavidFilm]

Max is the freaking man. I want my Max Keiser T-Shirt!

[gammabun]

thats going to be one ugly shirt

[khattamshud]

lol

[mascar33]

US$ cut in half might be somewhat optimistic,but we get the point Max.

[5starrater1]

always spot on. go, max!

[kimintexas]

Thanks for the truth Max.

[suki2011]

My man Max tells it straight without any sugar coating keep it coming Max.