The U.S. recession, the dollar and why Bush wants to bomb .

[D33Lux]

Cause & effect. Canada will crumble & will face the same fate as the U.S. economy. The Amero/ or similar North American Currency will emerge from the chaos. The SPP will merge Canada, U.S. & Mexico, this is openly admitted by many govn't officials.

[togowack]

canada is going to be fine

[grendal742007]

they said oil would go 200 dollars, instead went 55 dollars per barrel.

[killertrace11]

i live in america but i do think every country hates america and i really cant blame them i mean we r in a war that we really dont need to be in

[Darusdei]

yepyep everyone hates your government

and the depression you created and now it affects everyone :(

buuuuuut Obama seems to be 100x times better than the last one :D

[yz250thatownsyou]

will canada's dollar fall soon after? we need to figure this out.

[mark7996]

85% of canadian produced goods goes US side...you can figure it out from there.

[TwinsnMountainMovers]

that number is very true but the whole point is that canada HAS goods and services that it sells to the rest of the world. canada will have a depression, but it won't be like the economic crash in the states i wouldn't imagine.

[lahlou911]

yeah man , America is good in tearing shit out of cuntries, but not in bringing them together. like a fucking meth head.

[gosciu555]

Its not "america" as such but this post ww2 gang, with the OSS, Bundy, The Dulles brothers, Harriman, GHW Bush and other such people. Originally America was the leading anti-elitist country in the world especially under Lincoln and FDR. These others have been trying to put a stake into the heart of lady liberty since then.

[thomasst2]

Not taught in mine either. I learned a lot from non-profit news on LINK TV and Podcast called DemocracyNow by Amy Goodman. They do great documentaries mainstream media won't touch. I was also just curious why we were so pissed off at Iran and Iraq, and why we hated Hugo Chavez and Castro. I did research on line of US intervention and discovered a lot. Search Noam Chomsky videos. Probably the smartest guy on the planet.

[thomasst2]

What do you think they've been doing since 1909 with the Anglo-Iranian oil company which dominated Iran and Iraq's oil for almost 70 years...Plus Standard Oil which split Saudi Arabia's oil in the 1950s? Trying to corner the oil market to obtain international political influence over world affairs.

[ngonea]

thomasst2 - Thanks for the history update, we do not get the real history in the public fool system, nor do we get real news.

[thomasst2]

No problem. I've pretty much determined that every modern war is fought for land/resources: (Cuba: sugar, Vietnam: rubber trees, Congo: Copper, tin, iron, Nicaragua and Guatemala: agriculture, Panama: the canal, The Middle East: oil,

Great video for all to see. Search for "Six months that changed the world" by the Mises Institute. They saw the economic crisis coming too

[ngonea]

What do you think they have been doing since The Persian Gulf War under Bush Sr.?

[zzxzqwq]

It was the republicans who got rid of the glass stegal. It was a repulican congress and senate that the dmoecrats tried to stop.

[pollutionx]

well he was wrong about the price of oil since it dropped close to $90 a barrel instead of going to $200. he did predict the collapse correct. i trust peter schiff more personally.

[UGOTDAJACK]

Oh don't worry my friend. You'll soon see what he was talking about when it comes to the price of oil sooner than later.

[andreszuniga88]

The US Dollars strength is driving the price of commodities down, even Peter Schiff is bullish on oil, gold, and the Japanese Yen just like Max. They share the same view actually.

[simonack65]

Right on the mark ! The Dollar is getting weaking, the Euro is getting stronger. Even the Emirates are looking to trade their oil in Euro. The US is getting nervous. Please find out about Andrew Bacevich's take on the AmWay. You'll understand a lot about what and why those things are happening in the world at the exact time Bush and his crew are leaving office.

[LiquidMetalBand]

This guy is GREAT, tearing up pieces of toilet paper dollar.

[peaceanddemocracy001]

Max is smart, frank and honest. He also has his own website.

[plzIneedhelp]

can I ask how you have a half real half fake back ground

I know its prob the dumbest thing to ask when hes talking about my future going down the drain

[euclidxxx]

"Iran committed a booboo! They said that they were going to price oil in Euros... The Dollar is really the key to understanding all this geopolitics..."

For more on this, see William Clark's excellent essays 'Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse' and 'Hysteria Over Iran and a New Cold War with Russia: Peak Oil, Petrocurrencies and the Emerging Multi-Polar World', publicly available on the web. (Use a search engine.)

[euclidxxx]

There's also a book by the same author: 'Petrodollar Warfare: Oil, Iraq and the Future of the Dollar'.

[gozimus]

finally, a person who is speaking the truth

[cybersphere]

Yes, also checkout manoftruth, Peter Schiff, Jim Rogers and Alex Jones.

[driecken]

The united states will go to war with iran, it has already been planned.

[suki2011]

max is tells the truth

[canagel]

an as far as the US being interested in iran because they want to price oil in dollars is the most retarded reason i've ever heard. I heard a rumor they were enriching uranium...but maybe that's not true.

[SolitonPL]

Find Peter Schiff videos on youtube! He is an American and right on the money for years! America is bankrupt and dollar is worthless piece of ... sh*t. Better wake up or you will finish in one of the FEMA Camps.

[canagel]

Peter Schiff has been full of shit all of his life. Yes he has been right the past year but that's about it. He doesn't even manage his own fund he just makes suggestions to clients. The only reason why he's well known is because he is so bearish. I did well betting on the "worthless piece of...sh*t"--I was short the pound and the euro since the 6th and will keep some on until expiration.

[thomasst2]

Having the world reserve currency allows the US to borrow almost indefinitely to grow and live beyond its means by trading our debt or stocks for foreign goods or investment so foreigners can earn dollars to do 80% of international transactions. It also gave the US world political power to chose who it sold dollars to for its own interest. Since the dollar is no longer backed by gold (the reason it was the reserve currency from 1944-71), Oil sales in dollars protects that status.

[thomasst2]

The US can enjoy growth and wealth from foreign constant re-investment of their dollars and buying our debt as long as

1) the dollar remains the reserve currency by pricing all significant commodities the world needs in only dollars

2)Americans continue to spend and pay taxes so Govt can pay debt and corporations get good returns, increasing foreigners' confidence to invest in the US.

If oil sales are changed, foreigners can diversify from the dollar and not buy or debt and not reinvest

[fred10538]

Do ya really think that other countries are going to keep using the Federal Reserve Note as a world standard currency after this?

[thomasst2]

I'm not sure. From a logical standpoint, I'd say "HELL NO!!". But the elite countries have sort of invested in the US' ability to control resources the rest of the world covets and they benefit from thru "free trade". Eg. China signing oil deals with Iraq, not possible without Saddam's overthrow. US-controlled IMF giving loans to poor countries but the loan is siphoned by Euro/US industries. The elite countries invest in the world's muscle man. It's hard to say if they'll keep the investment.

[thomasst2]

If Americans stop spending, as they're doing now, Corporations fail and can't give good returns, unemployment ensues, giving the Govt a smaller base for tax payment, losing the ability to pay its debts. Foreign investment erodes and will no longer buy or debt or invest.

The American standard of living will fall. Also the US will lose its international political power of coercion.

[fred10538]

Unfortunately, it's a bit late for all that. To really balance the US economy, the tax-payers would have to start doing this 25 years ago. That's how big the debt is! The US has been mortgaged into the distant future

[thomasst2]

No argument here. But no one (except Austrian economists) saw it coming because no one has any idea what the true economic stats are. Both Paul Volker and Alan Greenspan changed the way inflation was accounted which pushed up GDP numbers in the 80s and 90s. Bernanke put the nail in the coffin hiding M3. Hell, the NBER surveys 100,000 people from a workforce of 150 million to determine unemployment (less than 1/10 of 1%? WTF?). So we may go on until bricks start hitting us in the head.

[thomasst2]

Saudi Dictators continue to loan money to the US and keep oil sales in dollars for protection and nuclear and military power. Whereas Iraq and Iran didn't fall in line with the program and are being made examples. Russia is the lone Western power not falling in line and we've used the Georgia-South Ossetia conflict to marginalize them. The world may keep up a position unfavorable to them to benefit economically and avoid being made examples by the US.

[canagel]

this guy is in paris so his credibility is already worthless. second if any currency has serious problems on the horizon it's the Euro. the currency covers too mnay diverse economies. read about the problems with PIIGS (portugal, ireland, italy, greece, spain).

[AdamnationZ]

Hes not in paris... Outside..

[LemonAndYoghurt]

I dont know who to believe. or what is exactly going on, some say its all comming to a colapse becauze of the dollar, others its speculation, others say all opposing perties are i ittogether for a NWO, i dont know. Only thing I know for sure, shyt is always gonna come down on citizens. the only respectful ones in society that do their own shyt, do their own biz may it be doing porn of playing videogames or waterskeeing, thse who earn money and pay their gdamn taxes. its all up to us,

[LemonAndYoghurt]

we are the workhorses for te economy till we get old, we ar ethe pilars that have to hold the weight of economy of war and loss of devalued money.

what im pretty much sure of call it a hunch, politicians are very dirty

[mcufre]

capitalism and democracy are two good ideas, they are just being done in the wrong ways, in secret, corrupted, and all the profit for elites and not the hard working citizen. The only way to keep this going of course is to brainwash everyone because otherwise you´d get the average joe outside your door with a shot gun asking what´s up. And that´s one of the ways out of this, either it gets so bad that common people start acting, or somebody honest and decent goes to office .

[polygamous1]

someone honest n decent in office? no joke IF that was to happen he be shot dead B4 he even implemented ONE single act to take back what they have stolen from america from Iraq the us elite get the benefit of arms sales to the us army n the oil barrons making their Billions from iraqi oil the poor pay for the war with their blood n tax money

[findkiko]

More Botox anyone? His immobile forehead was distracting me from his actually very insightful opinions!

[vankeefer]

I think Max Keiser's comments are insightful and interesting. It is unfortunate that many people in the U.S. have no clue what is going in the rest of the world. The Bush Administration is repeating the same rhetoric about Iran that the Carter administration gave the American public in the 1970's. As the saying goes,"Those who forget history are doomed to repeat it."

[ezsignup1]

This guy is an idiot. How many ridiculous things does he say in this video - can you count them all?

[sago1502]

ezsignup1, why don't you tell us what were the idiot things he was saying ? and please do provide analysis.

[monymizer]

I've been listening to Max Keiser for about two years now. He has been right on!

[buzzzcreator]

The guy from Paris knows his stuff, but close your eyes and listen to him speak... Can you picture a muppet sitting there and talking?

Anyway back to subject.

[2resist]

It is incredible how blind us Americans are, simply from the propoganda spilled out daily in our media, but yet we believe we are free. No result can come from this other than a collapse.

[bdc03]

Too much truth to be found on American tv.

[gods2fight]

Its not American TV, its from Paris

[bdc03]

Actually it's from Iran.

[SolitonPL]

and Teheran :)! More truth in Iranian media than US media!

[deepseas]

More truth from almost any other country but the US! However, most tyrannical regimes use propaganda, lies and distortions for their home media. This is to be expected.

[sago1502]

lol, do you think Iranians spend time watching English language news channel ?

We live in the age of internet and mass communication; making stupid claims only makes one a fool and results in discredit. Look at Fox News ! they used to have good audience, but with all their bigotries in the past 7 years, now they hardly get their interviews with controversial figures.

[hunt1803]

I agree bdc03, we'd never be able to see this much truth on American TV.