pt1/4 On the Edge with Max Keiser - 19 June 2009

[sansez]

This video is from 19 June !!

Today is 20 August

So why is this video showing up in my subscription as new ?

YouTube you're a joke

[mtiznow]

"cotton candy spun by monkeys for a paycheck" hahahahahahahhahhahaahahaha

[askmeif]

Hi Max, looks like you got your hair under control. Great points on the video.

[MustacheVerra]

So what's going to happen to Madof? :-/

[mattgeb84]

the U.S.A. government is a ponzi scheme

[Armando7654]

thanks MAX!

[Crow4gold]

Ah our friend Timothy Geithner (Member of Bildeberg, or however you spell it). Max, keep rocking... You are great...

[wuddychunk1]

One thing that confuses me a bit. If the banks` capital is being reduced because of bad debts, won`t the money that is being created just replace that money, hence no increase in the money supply in the long run?

[theoriginalanomaly]

In a very small nutshell. Other countries buy the debt. Now, we are in a situation were we are buying our own debt. This tells our creditors that we do not take it too seriously. Which means they want to buy less of our debt. Which means we need to buy more of our own. This debases the debt that the other countries bought. And they may no longer view the dollar as valuable. Then our dollar may buy things in the US, but the rest of the world doesn't want it. So it is how you create it.

[vorotnikova]

Oh, definitely, when he said that gold does not matter, then I almost fell unconscious. My teacher is bad for my nervous system! In zimbabwe they dig all day for a tenth of a gram to be able to buy a loaf of bread, and this guy's saying gold is not important. He needs to go to Zimbabwe to eat fried rats, then come back and teach Economics... lol...

[vorotnikova]

Max, very good show, very informative. I am a PhD student in economics and my teachers are clueless! One of my teachers said it is irrelevant how much money the fed. reserve prints because our wages will go up as well to counteract the inflation in goods and services. Hahahah. When I corrected him, he said I have "preconceived notions" and I am wrong!

[vociti]

your teacher shouldn't be teaching if he believes that. I'm assuming he believes people like Peter Schiff don't know what they're talking about either. If more Americans asked questions, our nation would actually change. The unfortunate part is so many people simply don't know or understand anything related to economics / government and simply have no desire to learn. I guess American Idol is more important.