Tim Geithner's currency war with China told by Max Keiser

[ervin920]

america loves believing bs about the collapse of china and just want to feel more confident about their own failure

[NYWAORCANZ]

Ok now what about the chinese CNY.will it become stronger?

the chinese CNY has been raising ever since 2005

and I already know about Gold and silver.I am already stacking up on that as much as I can.

I want to know what others think about the chinese CNY

[IWashMyOwnBrain]

The Fed is still leading the world around by the dollar. Go Fed.

[fredwon360]

For another view on this from Asia, check out another YouTube video, titleed:

"US and China: Currency manipulation: Really?"

[Isreal4realz]

currency manipulator?? LOL how stupid can this guy get? United States is the one printing billions of dollars out of thin air, not china.

[HSCUK]

@Isreal4realz The term AssClown comes to mind win you think of Tim.

[ProsperityGlobal]

The Royal Bank of Scotland Group has 3650 Trillion in assets, more than the entire UK GDP.

[karlkarlkarl1234]

China (and all other countries) need to dump all their reserves in the USD.

[lilbromarky1]

Go to google, type in this search string: MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES

Click the first result. Its a text doc updated on the 16th day of every month. Might give you advanced warning of what's coming...

[Shadyhunter04]

Haha, nucular.

[888reventon]

The US seeks to bankrupt china by forcing her to finance 2 of the biggest economic stimulus in history simultanously.

[evilferret132]

china wont do that america wont and carnt do that

[GoLuckyOops]

4:30, after this part I couldn't stop laughing uncontrollably. The jack you up mo fo! part. after that I lost it haha

[fox20012]

Gerald Celente wasn't wrong about Geithner being a strike out artist, lol, that was a stupid move taunting the chinese

[fox20012]

Who is the smart chick talking to max?

[danny458]

someone must have the vid of the students laughing at him. Some upload please...i want to see that..lol

[john51880]

If I were the chinese and had the tape it would be here along time ago! Obama would be very embarassed to have sent the tax cheat to bluff them! They should have been insulted! None of it is funny.

[pretorious700]

@john51880 Well, not ha ha funny, but amusing nonetheless.

[john51880]

When Geithner Told the Chinese thier investment in the united states is safe they laughed openly in his face!

[evilferret132]

True SOOOOOOO True

[doctorofghetto]

Here is where I do not understand, what is the point of nations trading their currencies with each other, where we can stand on our own currency in our own country? This currency trading sounds like a potentially bad idea, hence China buying more gold over the last few months, rather US Treasuries.

[OldBenFranklin]

Geithner said China is a currency manipulator, huh? Ha! That's the pot calling the kettle black. What do you think Obama's insane move of having the FED print up two trillion is? That's currency manipulation on a scale the Chinese wouldn't even dream of... What a gang of two-faced ratsnakes in Washington D.C. Thieves, cutthoats and liars! Hang all of them from the highest tree.

[fabulerner]

China decided to accumulate so many Treasuries. Treasuries are denominated in dollars, not yuan. The US does indeed hold the cards here. China has kept their currency artificially undervalued so it's only natural that they will lose a lot of money on their investment.

[rrdrums110]

It would be very hard to run a farm and proteect it at the same time. If gold becomes currency then bandits will lay in waiting to rob holders of food on the way home. Police will be useless trying to feed their own families. Why would they work when dollar has no meaning. What are they going to get paid with? I see packs of really bad people going hunting constantly real wild west horror shows daily/ Many thousand deaths by violence

[rrdrums110]

I know geithner hell all of obamas team and obama are taskmasters to elite. But did they undersestimate china? Is China going for all the marbles? I don't understand why they haven't pulled the buy treasuries plug yet. I also think gold is aloser bet this time and maybe forever more. It's going to be about food and if people don't get that they're going to start killing people for it. Other than that this whole thing could backfire on elite. people wake up about the value of debt not money

[reefpirate]

In this nightmare scenario, I'm sure the farmers will be arming themselves as well. You need something to trade to the farmers that they want. They won't want dollars. Maybe they will trade in foreign currencies, or maybe they will trade with gold. When things went horrible in Zimbabwe, the currency of choice that emerged was gold. I could see that happening in a US Dollar collapse as well.

[tgwchicago]

China will be the slavemasters of america very soon. america will not longer exist swept away in the dark of night.

[OldBenFranklin]

Yes, that's probably right, thanks to a conniving, thieving gang of parasites in Washington D.C., starting with FDR and Lyndon Baines Johnson, and coming forward to GW Bush and Barky Obama.

No more Presidents!

[rrdrums110]

you stock buying whores are just a small piece of scum like the bigger players who caused this b/s. go ahead follow mr rogers and make more money off the sweat of others. When we are all broke but still have our guns. We will have no choice but to force those w/food in cabinet to be socialized country night of the living dead style. Try to defend against that. Better to start looking for spritual direction these days

[delyshBB]

you realize that the government created this fuckfest due to the Fed and government creations like freddie mac and fannie mae? they created moral hazards by backing mortgages and so on. without the cheap money of the Fed and stupid policies of the government, there wouldnt have been a market for what the banks did.

[reefpirate]

Again, you're assuming the farmers won't arm themselves. A lot of people in this country have guns, so this idea that you will have one large united group of broke people with guns is far fetched. Crime rate will rise, I am sure, but eventually society needs to settle back into normalcy of trade. You can't rob everybody, somebody has to work.

[ebbixx]

A 10:46 there's a critical mistatement. Actually, that part is okay, since it says networks increase in value proportional to the square *root* of the no. of nodes in a network. The mistake comes in saying that this translates to an exponential growth curve, since exponential functions are based on squares of variables NOT square roots.

[ebbixx]

Time was mistaken, the comment was at roughtly 8:00 min mark.

[AussieAussie1976]

I just touched the tip of the Iceberg. The last nation that should have shit to say about anything is the U.S. We have seen what fruit the U.S. bared while being the only Super Power. You had power hungry, clinically insane psychopaths running the country. Thank god Russia has become much stronger in the last several years in comparison to where they were when the U.S.S.R. collapsed. When there is more than one super power in the world, they both are forced to act somewhat reasonable.

[AussieAussie1976]

China's a basket???No their not my friend. The U.S. is a basketcase. Bombing nations at will that posed no threat one so ever to them. Locking "enemy combatant up in foreign jails (Guantanamo) while ignoring Geneva convention LAWS in the process. The U.S. gives weapons to Saddam in the 80's to kill Iranians, (only to kill Saddam and his sons 20 years later) the U.S. arms the Afghan Mujaheddin in the early 80's to fight the Soviets only to have it backfire. You say China is a basketcase???

[Brainman94]

Yep - and the CIA actually planted the seeds of Islamic fundamentalism as a strategy to pissoff the Soviets. Now look at the monster that Islamic fundamentalism has become. The CIA unleashed a monster on themselves! Talk about backfire!

[AussieAussie1976]

Brainman94 said "Ur an austrian telling the US how to act? Grow up and act ur size - autria is a small country that noone ever talks about."

Actually genius, Aussie is a slang term for a Australian, NOT A AUSTRIAN. You must be a dumb ass American to think that the term Aussie Aussie stands for Austrian.

Intelligent Americans here do not be offended by my remarks please. Anyway, the truth remains, if China no longer buys your debt, the U.S. government WILL be in default. BTW, I am Russian born.

[AussieAussie1976]

Truth is, the U.S.A. has zero economic leverage on China. The U.S. government would be in default if China has not fronted the U.S. several billions of dollars. That is similar to the German bitch Merkel giving ultimatums to mother Russia. Mother Russia had to tur the taps off for a wekk or so to put the German fucks back in their place. China will do the same to the U.S.A. if the U.S. wants to get mouthy. Once China stops buying American debt the game is over for the American consumer.

[KLguy133]

China's a basket case

[Brainman94]

Ur an austrian telling the US how to act? Grow up and act ur size - autria is a small country that noone ever talks about.

[jforjayanth]

are u saying someone small and insignificant cannot tell the truth ? rethink ur id

[pretorious700]

Your username is satirical, isn't it?

[doIgiveafuckno]

Austria has been responsible for starting two world wars brainiac. And, given it's major banks are about to go bust due to defaulting loans made to Eastern Europe since 2002, maybe they're planning to use that "little country that no one ever talks about" as the patsy to start WWIII.

Regarding "telling the US how to act", you're right - there is zero point telling an American ANYTHING - you are all too ignorant and arrogant to listen or understand what you are being told.

You TWAT.

[monsoonostrich]

Austria did not start either world war, you stupid dildo.

[blackrubberbag]

The one line that sums this up...

"This opens Pandora's box."

Hey, since we're in no position to do so let's piss of the Chinese. They're good friends with the Russians, who are good friends with Iran.

What's the worst that could happen?

[UnhealthySalad]

LOL, the people who do the fighting get fees.

[lakemchalicer]

this dont make sennse - if china and usa go to economic war everyone loses - surely people are not that daft

[johngn888]

Furthermore, We don't need that. We need to have our debt market pop. Its a good thing, the faster this ARTIFICIAL TRADE STRUCTURE deteriorates, the better. This is an artificial trade structure born our of perverse incentives for both parties. They get our tech and they get employment at ridiculous low wages for their people, and we get all the good, and we get them to finance all our gov. services.

[johngn888]

Ahhhh Hey Max Keiser, Your smart. In a competitive market neither party would accumulate trillion dollar in treasuries. Can you explain that? So they are in practice, and fact, manipulating their currency. They give us yuan for our dollars, buy our t bills with their dollars, than suck up the yuan by forcing their people to save. Remember, they can force their people to save. So yeah they don't experience the domestic inflation they should. You seem to not understand this.

[eightincher8]

when somebody has his a grip on your throat and your still bitching like that.....your very brave, probably because its not your money anyway. 4 yrs down the road, your be retired and gone fishing...thats why your so brave.....mr. gay president.

[glacier1978]

i hope china dumps all their dollars/bonds and totally destroys the american economy.

[lakemchalicer]

China have alot of savings not only in dollars - why would they collapse?

[Ecothearcy]

The entire re-structuring of China involved bringing mostly young women from villages into prison factories , young men into heavy construction, and professionals into foreign corporate offices; all in service of exports. Their huge treasury holdings pay them coupons, it will take many decades to get the principal back., iThe more they sell them, the higher their currency, the lower their exports. . And its aalready happening, which means unemployment or under-employment of the kids=rebellion.

[part2themovie]

The economy was and has always been unsustainable. It is based on exploitation that can only be carried out for a period of time before the exploited begin to demand rights, then you see that there is no way to employ everyone or pay them.

[marcchabotyt]

if the total destruction of the US economy happens, the Canadian economy will suffer big time too; better be carefull about what you wish...

[glacier1978]

yes canada would suffer.. but not much, and not for long. america is only a source of income to canada.

america needs to get a taste of their own medicine. they allowed their trade deficit to get this high, and manipulated the value of their dollar to counter it... devaluing the economies of lower developing nations in the process.

they need to reep what they sow

[nibelungensohn]

"yes canada would suffer.. but not much, and not for long. america is only a source of income to canada. "

US is Canada's biggest trade partner. 80% Canada's export goes to the States. I wish that wasn't the case but Canada WILL suffer much.

[Ecothearcy]

Canada is finished. But then it never really existed. Look at their currency, its got the queen on it. all their oil iis taken out by bp and other euro companies. a vast wasteladd of prairie that wont grow wheat as it gets colder. 90% live within ten miles of us border. theyll hve to commte to detriot or bufffalo. unless all the immigrants can make nice ice villages.

[nibelungensohn]

"Canada is finished. But then it never really existed. Look at their currency, its got the queen on it."

That's quite a piece of twisted logic.

Canada's banking system is the strongest among G8. It might take years and years of suffering before it happens but remember this: whoever goes into a financial crisis in the best shape will come out on top when its over.

[Ecothearcy]

dont be stupid. canada does not have a banking system. who owns its banks, u think they r owned by canadians, anymore than americans own their banks. china has 1..7 trillion of s debt in its portfolio. the saudis r 3rd after the japs. so u think canada banks r different. now look at their boards of directors and then look where currency central bank decisions r made.

Canada is not a nation state per se, it is a simulation of a nation state, but really a colony .like the usa.

[nibelungensohn]

"dont be stupid. canada does not have a banking system. who owns its banks..."

If one were to take that view, then the whole WORLD is finished, not just Canada.

"china has 1..7 trillion of s debt...etc"

Canada's debt is no where near the black hole as it is in the States.

[Ecothearcy]

of course it doesnt have debt. it has no military defending our colonial masters ineurope the stupid americans pay the taxes for that. and if they did have a deficit, what would u bu in canada? all its assets r energy and minerals and theyre already owned by foreigners. not surprising for a tiny country. and no its not the whole world, there r debtor nations and nations with surplus. The nexus is the EU dictatorship run out of brussels by th ebp shell cartel.

[nibelungensohn]

"it has no military defending our colonial masters... if they did have a deficit, what would u bu in canada?"

Not sure what exactly you are getting at here. A Canadian-British military conflict? Not in a million years.

"all its assets r energy and minerals and theyre already owned by foreigners."

You forgot fishery, lumber, hi-tech and the huge marijuana industry which can never be foreign-owned and is never accounted for in economic reports."

[nibelungensohn]

"there r debtor nations and nations with surplus..."

What does that have to do with who runs the banks? Canada has a huge current account surplus.

[Ecothearcy]

The banks r owned by foreigners, and regulated by the BIS. The surplus is one of foreign corporations trading with themselves. It has no militarily defensible borders and relies on US -NATO protection and has no real military. Its no more a real country than say Kuwait, which fell in a day to Saddam. The North american union will only formalize what already has occurred. a country in name only.

[nibelungensohn]

I thought we were talking economics, not sovereignty.

Again, if you are to believe there is going to be an NAU, its a matter of time before there is a one world government. According to your logic then all countries in the world are only countries by name, not just Canada.

[Ecothearcy]

u can tell the ones that r not controlled. theyre not in on the agenda. e.g. iran,venezuella, syria. russia. I dont count china in that list, theyre partners with the saudis in nato, tho they need to pretend independence for their people sake. they dont want another tiamenan square which I predict within 18 months as their slave goods sit on the shelves. The NWo is not something coming, its already here. the politics u see is a simulation of democratic pluralism. its not real.

[nibelungensohn]

That might be so, but to single out Canada as "finished" is preposterous. If anything, Canada is in much better shape than a lot of countries.

[Ecothearcy]

The thing I like best about canada besides the wide wilderness, is I didnt see a single illegal mexican. how is that possile? NYC is full, and theyre losing work. wonder what happens to the 1 in 7 canadians which r foriegn born.

[bcit1998]

Canadian banks are in the best shape of any world banks. They are all publicly owned with no single shareholder owning more than 1%. In addition they have some of the highest reserve requirements and they are ALL still profitable while global banks are posting billion dollar losses.

[Paetaor]

Canada's suffering will be determined by how tightly we remained tethered to the US in the mid term.

If we are able to shift exports to the developing markets the exposure will be mitigated a little.

The bubble in housing and wages didn't seem to get as big in the majority of the regions but if oil prices stay low some of the western cities will collapse like Vegas and Scotsdale.

[Ecothearcy]

The only thing growing Canada are immigrants. the rest is a dieing land of frenchies and big women. it will be all ice once climate change hits.

[part2themovie]

I can't understand why people don't see that money isnt created, it doesnt exist.

All we have are the planets resources, and as long as we have borders this stupid game of "trading" is going to continue.

Emerging markets? How long are there going to be markets capable of reaching the threshold where they are exploitable, i mean investable?

if we continue to base verything on fiscal values you see quite quickly that we can't afford anything, but somehow everything's for sale.. so sad :)

[Aro2220]

@marcchabotyt very true. canadians had some banking regulations that protected us from the first one but i don't know about this next one. canada is kind of a balance between the EU and USA. But this isn't going to be good anyway.

Plus do we really want the US to collapse beneath us? that's going to cause a lot of problems. We are definitely connected and it is in Canada's best interest to make sure this doesn't happen.

[painswitch]

Um.. yeah that would be verybad. I dont think many people whant to see that happen because everyone would suffer.

[drunkenpersian]

ameican dollars and british pound is as good as toilet paper. both are fiat currencies that are being dumped into the market in a discreet manner (although we know) to minimize any adverse losses on the holder ie respective central banks of countries. it is now so blatent for everyone to see. obamas economic recovery plan is too transfer the wealth of the entire world pirmarily middle class western world to the kabalistic bankers who already own all the physical assets like gold, silver etc.

[hoktula]

About Currency Wars

I remember reading on A.Times another good relevent articles :

History of monetary imperialism

atimes. com/atimes/China_Business/JI26­Cb01. html

(it is Part 3 of CHINA'S DOLLAR MILLSTONE :

atimes. com/atimes/Global_Economy/JL16­Dj04. html)

other relevent articles there:

atimes. com/atimes/Global_Economy/EJ07­Dj01. html

atimes. com/atimes/China/GE04Ad03. html

atimes. com/atimes/China_Business/JD08­Cb01. html

[mrcool011]

Please Obama start an economic war with China! I want to see you punished for being that stupid....

[mrzack888]

we gonna jack you up mofo.  oh god, Keiser is such a riot.

[malickfan]

china and japan are the only ones keeping the dollar from collapsing, so we should keep our stupid mouth shut about currencies.

[libertyeconomics]

I second you. That the U.S. government would crticize China for "currency manipulation" is rather breathtaking. Duplicity of monumental proportions.

[femmepen]

Let's all realize that Mr. Tim G comes from the IMF, some of the largest economist terrorists in the world. All these guys know how to do is threaten and loot. We can be sure that the bankers of the world have put him in place to make sure the ax that gets put further into the markets is sure and sifter than at any other time.

[rikestard]

lets get some video please:)