On the Edge with Max Keiser - 03 July 2009 (pt4 of 4)

[vicj0r]

It's all very well for China to start growing their domestic economy but they will require huge amounts of resources. The longer their domestic boom goes for the more likely they are to do what the US did in the 20th Century and that is secure resources using proxy wars and occupation. Same world - new bossman. 

[paulsworkshop]

So if we have inflation what do the currency prices look like - currently the USA/CHF is at 1.08 or so - does that mean it's up or down. How about the US Euro - up down - 1/2 of what it is double? You can short the dollar but when it goes down in value vis-a-vis inflation what does the "price" of it look like or read?? Anyone?

[BLOGGERSAGAINSTCHASE]

I believe that Jamie Dimon of Chase Bank has to go. Chase Bank is a key player in the desecration of the blue collar american.

The one trillion dollars of consumer credit card debt MUST BE REDUCED by offering incentives to those with debt that would actually make it possible for them to begin paying down their debt.

Click on my name to learn more.

bloggersagainstchasebank

daily-protest

[jobedied]

We americans believe in producing goods but the government

and corporations are only interested in moving all business to foreign countries. American politicians follow the desires of corporations and bankers not what is good for the citizens they represent. And these politicians are entrenched and bolstered by corporate money.

[amaisa300K]

It's refreshing to hear some truth for a change

[RonPaulWI]

The interview was pretty dry until the last 30 to 40 seconds.

[paul94611]

A former treasury official says that the SecTreas works for Goldman Sachs... More of the obvious.. Many folks have forgotten what Loyalty to the institution means.

[chena3]

donutz ate my lap top...

new mac book pro..

figured spend some dollars

while they still have some value ...

woof..

[sujajajjaakakajjs]

people read "The Great American Bubble Machine" (Rolling Stones 2nd July) about Goldman Sachs role in econmic events.

I dont think that USA would becoe a 3rd world country, but GDP would drop 20 - 30% (EU or Japans level at PPP) without a reserve currency statuss. Of course Obama can spend 2 trillion federal deficit a year to slow the drop but it will drop from the debt burden eventually

[justaoldslave]

Thanks Max and Dr.Roberts, What leads Dr. Roberts to believe that the Chinese and U.S.A. s wages wouldn't meet? That's what the U.S. government and the global capitalists want.

[OghamTheBold]

The Taxman cometh

Usually takes HM Revenue 3 years of uncompleted forms to start the heavy psychological stuff; sending massively inflated demands with figures plucked from a Bingo ball machine - hand delivered letters - phone calls from nice ladies with reminders

Now - after only 2 years of uncompleted forms some oik is screaming 'bailiffs' down the phone - it's the funniest thing I've ever heard

The government must badly need cash or some reason - can't imagine why

[Igor707]

too short show

[jessewaugh]

"He works for Goldman Sachs."

Has anybody noticed these names? Made off? Gold Man Sacks? It's like an old joke...

[YankeeClippa]

JP More Gun

[ozzycriss]

Paulson Named Kashkari (pronounced cash-carry) To Lead Bailout , i kid you not . They have got to be laughing at the US public , there looting them blind and most still can t see whats going on .

[OghamTheBold]

With a pound you can buy a whole set of 'Official' winks

Not the full Tiddly Winks regalia - just the winks

And with the winks you can improvise the rest on your very own carpet

[markdcarter]

The "dollar" is an illusion. It has no substance. It's a mind-control tool used on the "profane" by Masonic geopolitical sorcerors/parasites.

As the financial system is fake while natural resources are real, so the CORPORATION and its self-declared elite are fake: while the people, animals, plants, minerals, water, air - and the energy they all interchange - are real.

Life is alive; the dollar is dead. Let's drop the fictions and get back to what's real and true. "Come out of her, my people!"

[pliskin619]

and just who does goldman sacs work for?

[BlueEagle8]

The House of Rothschild

[rnew3340]

what about possibly increasing the length of the show Max.. the interview with PCR ended pretty abruptly ?

[justaoldslave]

Thanks Max, Good job, as always. We can save the U.S. economy by putting lottery and slot machines in our schools. Shipping more jobs to China and other countries that treat thier people like slaves. And building more prisons for our people to live in. Jim Morris, Yardley,Pa.

[NowisEvollovetion]

Dr Roberts is a clone of Peter Schiff.

The guy speaks a lot of sense.

[luciodelgado]

Very honest interview *****

[rollsthepaul]

The US will go down, by design and then the rest of the world follows, by design.

[Hendo1974]

Dollar is fucked taking the whole world down with it!

[bartingman]

In china they have great organs trade.

Mobil organ recovery buses same like the big Japanese fishing ships .

The UN azis really like China system of government...they gave it many prices.

.

Much love and awareness to all

[daniel987878]

Bye y'all.

[donkey69donkey69]

what an ending~!  perfect, tx guys.

[MatteNoob]

When a former secretary of the US Treasury says that your current secretary of the US Treasury works for Goldman Sachs, well, then you know you've got to do something.

ZeroHedge dot (you know what) -- has a lot of extremely good articles on this point.

[zmelli]

I favorite all of Max Keiser's videos!

[jfcrow1]

"On the Edge" much better than the "Oracle" Great Guest. Max Keiser RULES!!!

[NAVYGOLDEIGHTFOUR]

Fantastic guest and questions. I truely like how you both characterize the "Free Trade" policy with the level of suble sarcasm it deserves. Nothing free about it. In the big picture it is just another means of concentrating weath at the top. Adam Smith and other true free traders would vomit at this Orwellian state of affairs.

[anolmec]

great show max.

[Blackjack555]

The dollar is toast.

[sugarpuddin88]

With the 57 to 63 trillion in current US Fed Debt, it's a little late to try and save the US dollar as a world reserve currency!!

[sugarpuddin88]

The Wealth of Nations, Cato & Mises, and history prove Roberts wrong on his sentiments against free trade, (America "could have" treated China & India as a customer for great profit)

[sugarpuddin88]

In fact, we can thank Roberts for the high cost of motorcycles & nonavailability of low cc motorcycle engines in America today, (thanks to his influence in passing HUGE tariffs on all motorcycles over 500cc's in order to prop up the old crappy AMC-Harley - A motorcycle that at the time would literally fall apart if driven over 50mph)

[anolmec]

Actually the states DO treat china and india as "customers". In fact, they are the best customers. They are buying all the debt, which is mainly the only thing the states produce, excluding kick ass Harleys of course.

[daniel987878]

Free trade is the best but it doesnt work if you have the current monetary arrangement of fiat money and central banking.

[Renegen1]

Or if you have China engaging in protectionism.

[Renegen1]

Listen, free trade in theory works. But as soon as someone tries to game the system, by having protectionism, it stops working. That's what China is doing. China isn't happy to allow american goods to be sold in its markets. They want to develop their own industries and favor them and they put tariffs on foreign goods. Anyone who follows world events a tiny little bit knows how predatory and protectionist China is. Stop believing in the free trade fantasy, America is getting fucked.

[sugarpuddin88]

Renegen

Despite what you government has told you, all the way up from childhood when you were forced to "duck and cover", by and large - People are cooperative, and benefit most by mutual cooperation

History & nature proves it!

[daniel987878]

People are cooperative and benefit most by mutual cooperation. I agree and the best way people can cooperate with each other is if they are free to engage in whatever they decide is best and not dictated by central planners.

[sugarpuddin88]

That pulls the plug on the powers of your central planners

Thus, you are serving your masters; and will continue to serve your masters until:

1) Mankind miraculously wakes up, (never happened in history)

2) You decide to form your own government; obtain a 2nd citizenship; and, live like a world citizen

[daniel987878]

You cant form your own government either because the powers that be wont allow it to take hold.

Mankind is waking up but no where near enough. Maybe if the current trend continues we will overcome the elite in due time.

Even if we dont succeed I think there is a god and all these events are just a test.

[sugarpuddin88]

daniel

In fact, with the leverage of a 2nd citizenship, you will have sovereignty if you govern your international dealings appropriately!

For example: You can speed down the highway with impunity - You obtain radar & laser detection together with electronic counter measures equipment

Thus, you will be above the law. The predators, (law enforcement), will have to go after the much weaker in the herd

Does that make sense?

[daniel987878]

Yeah but it aint gonna raise my living standards at all really. It gonna be more of a cost on others than anything else.

[Renegen1]

Don't worry, I want to believe that. But how does cooperation fit into for example, american politics? How many people, the american people, who -should cooperate-, hate each other for stupid things like pro-choice, religion, creationism, "liberals". I mean people spend more time hating each other than cooperating and kicking the bankers out the country. Divide and conquer seems to be working awfully well, and the powerful elite love it just the way it is.

[paul94611]

Renegen1

Yep.. Easier to destroy someone, or a whole political system when the citizens are wrapped up in pointless squabbles.

[daniel987878]

Yeah but protectionism is a cost to whoever engages in it. For example if a nation reduces its exchange rate then they receive less income per unit and more demand. As demand picks up overcapacity comes about and prices pick up again and this distorts the rest of the economy. Devaluating currency increases import prices too. Im only covering one type of protectionism.

Short term other nations not engaging will suffer but long term its a net gain for a few main reasons I can think of.

[WelfareRobot]

Here's a pretty simple thought experiment. What if every last American job was shipped overseas? Are we in a better position now that we can buy things far cheaper, since they're being done overseas? Or are we now a third-world nation with no jobs? Modern free trade theory contains a fatal distortion on Ricardo's idea of "comparative advantage" - in his day, the factors of production were immobile. Offshoring of factories and entire industries en masse was entirely unimaginable.

[sugarpuddin88]

Welfare

BRIC needs to be treated as customers - Not competition

If they USA would concentrate on selling them higher goods, they would get rich doing it

[malerror]

manufacturing in the USA? the Taxes are too high for the companies now. They would have to lower all taxes.

[LastReplaySC]

Thats what MSN allways tells you to think.

Fact will be, the ages just like the prices will come down and 70% of the generall public will have to get used to a lower life standard or starve.

The Police-Military state is in place and 100% backed by anti terror laws ...... thats the answere for all thoes that will apose, riot and claim for democracy. Its full Global scale Corperatocracy that is emerging and showing its face ..... The public are now official slaves!