Afshin Rattansi : The Dollar and Roach Motels

[ImAsMadAsHell]

The dollar has an inflated value because of deleveradging thats going on right now

[mmooseknucklepieface]

they already took over 100 tril buddy wake up

[hdrkid]

Barack Madoff is a man with a plan - for your money. Bernie stole 50 billion, Barack plans to steal 50 trillion.

[ngonea]

hdrkid - that;s right, but don't forget the 2.3 trillion missing from the Pentagon under Bush and the

spending of the 2010 buget on his way out the door, 30yrs of the Nazi Bush familly got us here, Clinton gve us Nafta for GHWB, and "W" gave us 75 new foreign military bases in Iraq + an Embassy, total foreign bases 750 and a looted physical economy. This did not start with Obama,

he is just the latest functionary for a corrupt since 1776 British Colonial Overt operation.

[kdcruz75]

these thugs have to do it in stages..obama is administrating the bankruptcy for the crown owned US corporation

[kdcruz75]

in the 1930's the anksters got FDR to round up all the gold and replace it with fiat backed by the collateral that is the american people..

Now th ebanksters will round up all the collateral : the homeland security has powers for that...

before they do that they want all liabilities off their books.

the banksters would then be able to issue fresh credit to the new corporation (homeland security) before the new security is rounded up..the SSP /north american union..

[lightbeyondthedark]

Instead of bailing out the unconstitutional Federal Reserve, let them collapse and use the credit the Government has to issue Green backs through the Treasury, they will be interest free and debt free. Provide tax incentives for small Businesses using the Green backs. Existing banks will step up and provide where the Fed failed no more Fiat currencies, reinstitute the Glass Stegal Act that Obama's current economic team helped repeal under Clinton.

[uea978]

you know what to do. i agree. you should run the treasury and abolish the FED.

[adamjohn12]

Max "flavor of the week" Keiser predicted (parroted actually) the "decoupling" theory that never came to pass... You can watch it many times over in this user's video uploads.

Afin is a great journalist, why does he keep interviewing this moron? Go back through Keiser's radio show archive at Karmabank. He has a contradictory set of talking points nearly every week.

Why not interview a decent analyst like Karl Denninger from Market Ticker...

[kricke243]

I think it his already happened. The DJ can not go up without the dollar depreciating in the same rate. Just watch it. The dow increases, dollar depreciates and vice versa. On the other hand, exchanges in other countries with depressed currencies seem to do the opposite. Their currencies appreciates when their markets have a rally. At least the ones I trade on. In 2009 my foreign stocks has outperformed US indexes. Factor in the exchange rates.

[chaniwie]

"there is no fundamental strength of the dollar.."

this statement makes sense but so what..the dollar is still getting stronger...

[DavidAKZ]

And they don't look out of place !

[uea978]

that's good. i would love to have some of that currency since i'm unemployed and without funds. regards.

[uea978]

a bird or a U.F.O. But i would say a bird...

[DavidAKZ]

No Superman has come to save us !

[uea978]

finally! I was losing all sense of hope.

[ATAINC23]

Keiser is awesome. I love it that he called Peter Schiff and Jim Rogers out. I don't even know why Alex Jones puts Schiff on the show. He sounds like friggin parrot blaming the American people instead of the thieving bankers. He's a NWO guy and so is Jim Rogers. They point people in the wrong direct...usually at themselves.

[kricke243]

"He [Schiff] sounds like friggin parrot blaming the American people instead of the thieving bankers."

No, he is blaming the crisis on the FED, e.g. the artificial low interest rate and the fiat money system, and the Government for creating moral hazards (Freddie and Fanny for example) and also government regulations that make people not conducting proper due diligence on financial institutions.

[ATAINC23]

You need to listen to more of his interviews. He blames it all on American debt...couldn't be the scum bag banker derivative bombs, thievery etc. He's like Alex Jones extra politically correct. Get a clue

[kricke243]

I have listened to most of his interviews he ever made. Yes, he blames it on American debt and to low savings and production. But he do not blame the average American for the situation, he blames the FED and the government for creating the incentives for the public to take on all that debt (moral hazards, to low interest rates et.c). Of course, individuals do have some responsibility for their economy too.

But politically I like Keiser more. But economically Schiff is more or less right.

[ngonea]

Listen to the Leo Wanta story, this is straight out theft and looting. RAPE!

"World Reports org"

"Global Research ca"

[TheFlex21]

who has the bigger ego Schiff or Keiser?

[DavidAKZ]

I don't think they are completely operating out of ego.

[iratetruth]

This guy Max keiser made millions in america now he hates america HA HA HA HA HA HA HA. What a joke this max guy is. and alot of his predictions have not come true or have been wrong.

[daniel987878]

He doesnt hate America. He dislikes the criminals that are destroying it. Learn some of the things the founders said about banking institutions and you'll realise what he is on about.

[iratetruth]

As you see max argument agianst creating the bad banks to obsorb the debt is "it's ludicris".

Yeah max but we can do it and it will work. and will be back to shopping and enjoying life baby.

[daniel987878]

Giving money to banks and taking from the public is a way of furthering the problem because you draw more people into the crisis.

[iratetruth]

Maaaaaaaxxxxxxx, Yes we can put them in a bad bank and the debt overtime will dissolve and be cleaned up. Why cant we max because you as a financial guy dont think its the far right thing to do, HA. Humans have to do what allows them to live life and survive. We have to do what works and would allow us to get out of a bad situation and this idea is great, and were going to do it; Max wake up.

America is going to do it and will be back shopping and spending money in no time.

[WarDogLRS]

Fuck the government keep your money

[kryogenikz]

Roach Motel=US Currency

HA

Buy Silver and Gold

[BendoverBernanke]

Read New Hampshire HCR6

[uea978]

Russia = Gazprom

USA = Bankprom

[pomnew]

Thanks for the vid.

[StandUp555]

Great work from Max as usual.

BTW..

Max, that same bird flew across the Eiffel tower a year ago !

How about a new background ?

;-)

[DavidAKZ]

Very interesting explanation(technical v fundamental) re the continued and apparent strength of the USD. Are there any commentators that predicted/understood this ?

[auamoti]

peter schiff

[DavidAKZ]

No, if you listen to the commentary, Keiser said he didn't.

[auamoti]

k, but im answering from my opinion. if you listen to schiff you see he feels the same way, what he had wrong was the 'timing' of the market and USD.

[kricke243]

Peter Schiff did not predict this "phony" dollar rally, as he says himself. Max Keiser suggested it in his Iceland "carry trade" programs in 2006.

As he says it is hedge funds, but also carry trade unwinding (loans from currencies with low interest rates, like JPY, and investments in currencies with high interest rates, like Iceland), and also exporting companies that where short on dollars as a hedge, and when their sales where cut, they must buy dollars with their currency instead of goods.

[DavidAKZ]

Sorry, could you restate that for non-specialists ? Maybe an analogy would help ? Thanks

[kricke243]

Investors, hedgefunds, companies et.c that had loans in dollars or yen, and those money invested in some asset (commodities, stocks, real estate, foreign high yielding currencies et.c) just got a margin call from the bank, when the security for the loan (the asset) started falling, and they HAVE TO sell those assets and buy back dollars/yen to cover the loan (short position). It is a "short squeeze". Dollar loans must be repayed in dollars and everyone trying to get thro the same door at once..

[kricke243]

About carry trade: let's say you can get a $100 000 loan at 4% interest /year. And you can exchange that to Icelandic króna, and put that in a bank in Reykjavik and get 14% per year. You will make $10 000 completely free, every year! This is carry trade. But when credit freezed up and some needed cash started to sell ISK to buy USD what happens to the exchange rate? ISK going down, USD upp. Now, with your $100 000 loan, would you too want to get out of ISK and back to USD? Think supply/demand.

[ataggake]

Soros said this about 4 months ago. But as he himself admitted, he only understood it a few months after it started happening.

[KhmerD0g]

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