Obama, beware another economic tsunami

[bmw200000]

purveyours

[lgarvey]

Does this interviewer even speak English? I make out a few words, but largely she is talking 95% Russian.

Oh wait, she speaks perfect English. I was duped by Bill O'Reilly again!

[onstageagain]

Donald Trump has not always been my favorite of personalities, but undeniably does business all around the world & continues for yrs 40 yrs , one of the most successful businessmen in the world going back to the Kennedy days. The US is a business, This video speaks volumes on Obama . He may run in 2012 but he won't get my vote. Trump on Obama, China, OPEC and more

[kpgps]

It would appear that this dude, unlike Celente and Schiff, isn't trying to make a profit off of the doom and gloom! Spread fear, write a book based on fear, get rich! I like this guy better than most of the idiots out there. As for Russian news, they don't want the U.S. to survive this crisis. Do your own research and form your own opinion, you're the only one that has your best interest in mind!!

[progressfreight]

@kpgps do you think people in charge want USA to survive the crisis?

[kpgps]

@progressfreight I don't want the USA to survive the crisis, I got too much money riding on the failure. USA is gone forever, it's too late to do anything. We're going to die, ahhhhhhhhhhhh!!!!!!

[TWSceptic]

@kpgps Schiff & Celente are just expressing their beliefs about economics. If they make a profit while doing so, that actually shows they are not only good forecasters and economists, but also good business man. The fact that you see this as a negative thing, says more about you than about of mr Schiff and mr Celente.

[TWSceptic]

@kpgps "As for Russian news, they don't want the U.S. to survive this crisis."

LOL Russian news, unlike US news, don't care about their personal gain. They just want to bring a breath of fresh air, without the lies and deceit.

[MoreFaithNo]

This was a great interview, very straightforward and informed with a conservative financial slant. I would say he is preaching to the choir a bit but almost everything he says I agree with. The downturn of 2011 will be a game changer and hopefully a cultural revolution within the united states as well, it doesn't have to be doom and gloom, but the real world will return to north america and europe.

Most of us that are aware of this know we need a backup plan for these new times, best of luck

[vtwzy]

This guy is spot on.

[irelandcool1]

allot of people didn't die in that tsunami

[mametz]

Max is always very straightforward, clear, intelligent, and strays away from speaking opinion as fact. Keep up the good work!

[riteshkhurana]

Awsome guy!!! Support his arguments with inevitable accuracy.

[Ranger4564]

Great interview, for both RT and Mr. Wolff. I am growing to like both.

[theabomation]

Russian News is so much better then American news i have been trying to tell my friends that america is screwed and no one believes me.

[PersonalJesus348]

so if you want the truth about American News... watch Russian News Network...

Only In America

[566467]

dollar is afloat according to the will of world community? correct me if im wrong..isnt that justifies america as a deadweight? i mean, heck..if were not pouring money into dollar anymore, US will no longer be there? wow..

[flemtastic]

This boffin dude talks sense iwonder what his opinion wud be on the UK coz we desperate and have nothing on the horizion to kick start the economy

[in4paulo]

@NonMasonOrder

The NATIONAL debt was about $2.2T around 1990, and the Clinton Administration eliminated the FEDERAL GOVT's BUDGET deficit and actually had SURPLUS in 1997-98. Current Fed budget deficit $1.4 T, NATIONAL debt is somewhere in realm of $12T - 15 Trillion I believe.

[RDpapichulo]

@in4paulo the cllintons didnt lower debt that was a lie. As a matter of fact bush inherited clintons recession. and clinton accelerated the moving of joamerican jobs to china withthe free trade agreeements.

[dabruin2]

Wonderful interview. 5 stars!

There was so much information provided in such a short period of time!

Check out the brain on Max!

[Jicim]

Until those in power hand the reins to the people no problem will be solved. I just hope when shit hits the fan the people in my community are rational enough to not loot the grocery stores. instead bring a gun and protect the food supply. then back to the gold standard!

[doverlin]

Good interview. I wish people would use the U6 unemployment numbers. Although U6 is under reported, it is closer to the truth with about 16% unemployed. The true number is closer to 20% as reported by shadowstats . com

[rsnboy08]

Yes he is right, every time I watch RT I get depressed and i don't even have a will to masturbate, so the cure is to go and watch CNN and FOX and other worthless networks, so they can take me back to LALA LEND, where I forget how badly we are getting screwed every day!

[RMBVP]

@rsnboy08 some state that it's thanks to Clinton taking off the regulations that caused the ten year rise and fall that bush was caught in. Then Obama trying to use the deficit like a credit card and doubling our debt. Also the US would stop trading with the outside world and starve them if they shut out the dollar to a lesser form of currency. They don't want the dollar, their economy takes a hit.

[Tressco]

Everything is okay!

Just go shopping...(!!!!!)

[NonMasonOrder]

We need another windows 95 to come out so we can get rich like we did back in the early 90's!

Its funny back then they said our dete had gone from 22 tril or something like that to 0. Over night.

So if its that easy they will just reset it when ever they the private family IRS banks feel like it.

[torledo]

lol :))

[TokyoPlumber]

Great job RT. Thanks for offering such clear-eyed and realistic view on the current state of the economic morass in the US.

[dan020350]

FUTURE TAX RECIEPTS, HOW CREATIVE :)

[superfuzz]

no mention of australia when talking about countries that faired well?. we have a positive growth number and are about to put up interest rates!

[needbailout]

Imagine you could help people abroad by keeping your money homebuild a safer world and alleviate massive misery. Imagine you could begin to eliminate the requirement for long airport lines, the justification for frisking old ladies, the alleged need to discard our most cherished principles in a quest for security against an ill-defined enemy. Imagine you could save JEW. You can by ending our $7 million per day gift to JEW. Following are six reasons to end this enormous foreign expenditure

[iloveterriers]

The bottom 80% may not have all the wealth, but, uhm, they may have more guns combined than the entire military.

[MercuryRis]

I dont like terriers, theyre so yappy, but I agree with you...

[iloveterriers]

lol, terriers are not for everyone -- I agree. I like them though because they have a rebellious spirit. I don't really like submissive dogs.

[iloveterriers]

The new's guys' accent is very posh.

[TennesseeJed]

The bottom 40% of America controls only 1% of the total wealth. The top 10% control almost 80% the total wealth.

[roseagain2]

Great reporting! Wish we could get that here! Thanks!

[ThisBoyTV]

The interest rates r very high on repaying credit cards and many loans. The media has forgotten to mention the ppl who have lost homes and good jobs.

There is also little mention of the higher costs of food. As mentioned the top 20% took most of the 11.6 trillion $.

[jailarson]

Toilet paper is going up at a rate of 4% per month.

Savings accounts are yielding 2% A.P.R.

Where will you put your money?

[bigsteelguy]

But Tp has more value than money, because you can wipe your but with it, you can wipe your nose with it, you can clean up small areas with it and it just has multiple uses.

Money is just paper with the World faith behind it.

It is a Religion

[jailarson]

My point exactly.

[abfmariachi]

I didn't know the shark breathing methodology! thank u!

[trusleuthhound]

what is next safest currency other than the dollar?

[sirellyn]

Gold.

If for some reason you don't believe it's a currency. I'd ask you to compare how the price of gold (or most other commodities) have been about the same in terms of units needed to purchase other commodities.

In other words, turn your money into physical things, gold, silver, iron, wheat etc. Units of raw commodities that can be exchanged.

[trusleuthhound]

Your awesome..thanks for your reply. That is very helpful of you and its most appreicated. I will have to look into it.  The time is near......

[adamg06rsn]

Gold has gone up so so much over the past couple years.

When the economy clapses, youll walk out rich. The thing is, most people can't their hands on it at the moment. Very tough.

[DavidAKZ]

In terms of Australian dollars, gold has fallen from 1500 to 1100 an oz

[motorolarules]

How are you all doing with respect to the lower 80% in your country? Well I hope.

[DavidAKZ]

about 6% unemployment. 1/4 to a 1/3 that of the US ?

[manhattanwombat]

is almost THERE! jesus christ ruskies, cant u rhyme?