On the Edge with . . . Paul Craig Roberts & The New Welfare Queens (4/4)

[Dealermann]

Dam Crackheads....

[Melville10]

Obama the pimp and the Wall Street crackhouse. LOL

[ronheri]

Dr Roberts is a brilliant man.

[screwtheusername]

Typical Max. Cutting through the BS like a high powered laser. I hope he never goes away.

[fisharmor]

This is fucking unwatchable.

Learn how to make TV.

[demonichalf]

fisharmor what the hell you talking about unwatchable? Buy a damn connection.

[Nullfactory]

Learn the difference between informational news and tv entertainment.

[Karenanna]

Mr. Roberts - I thought there was a period of stagflation (stagnant economy with rising inflation) about 40 years ago, just not to this degree.

[transmission696]

Monopoly is the longest game in the world, just let it end.

[vashguud]

Max rocks Ghetto Crack house. Really it's becoming like Mexico where you have just low and high classes and no middle. And the upper class have servants to all the dirt work like Dubai. UN wants the guns so they can take the teeth out of the tiger. Like how they screwed UK by taking guns of honerable people and then working on crimes from camera footage after people are robbed. UK / Mexico is where USA is headed. Police State Ghetto that do heroin but processed into pills (vicoden etc).

[chronwell]

U right! Evrything u said. Its our turn to be the 3rd world! Geithner and Paulson are cracksmokers who sell crack to fund their habits!

[personova]

"Deficits are too large to finance without money creation". I could not have said it better myself.

The combination of fiscal and monetary stupidity will eventually destroy the last remnants of value and faith in the USD.

[SchizopathSean]

If the US can't pay anymore for Chinese plastic toys the Chines will be forced to make plastic toys for free under threat of war!

[GoldenBoughTrader]

There is nothing more depressing than passing by a house with a bunch of multi-colored Chinese plastic crap in the front yard. I don't care if it's a million dollar house, it just looks cheap and tawdry, and makes the whole neighborhood feel cheap. This Christmas don't buy anything from China. Build your daughter's dollhouse with your own hands, or, buy something from a local craftsperson. Stop shopping at Toys R Us. Boycott ALL imported Chinese crap this Christmas!

[jimbobubbadj]

Hey Dude, the Chinese have a big stick also, nuclear weapons. You think America is where its all at, wrong. The Russians, French, and British also have nuclear bombs and the missiles to deliver them. The Israelis, Pakistanis and Indians have smaller nuclear forces but can still deliver a sting. The North Koreans have the bombs and are perfecting the delivery system, missiles. The USA cannot intimidate China with a threat of war unless the USA also wants to die too, a stand off.

[SchizopathSean]

The biggest power and weapon America has is it's consumptions power. It does not matter they can not pay the bill. So far they are the best customer" in the restaurant. Without them the "kook" would be forced to eat his own food.

Also all other nations have no experiences in using the atomic bomb and have moral inhibitors prohibiting them of ever using the bomb but not so the USA.

[jthomas086121]

Great points of view on what is taking place...too bad Max sounds like a racist. The focus should not be on the Obama. He is a puppet and a scapegoat being used to distract the common person from realizing what is really going on. The new world order elite runs the world, and we are witnessing what happens when evil runs the world. We are a failed state because of the world's addiction to oil. Think about it we've hit peak oil, yet we are addicted to growing which requires oil, oil, oil.

[JoeJacari]

Look, people.

Gerald Celente advocated opening the best Crumb Bun shop or Philly Cheese Steak Sandwich hut in order to survive the coming chaos.

Mercifully, he's moderated his position and is making more sense.

How many of you have contemplated the fact that you're basically all a bunch of finger puppet people.

Upon the strings of the government you prance and dance. Some of you even romance, gingerly rearranging the chairs on the deck of a sinking Lusitania.

Puppets dancing?

[fakenewz]

millions of Americans died for our freedom and it was all for nothing.

[LastReplaySC]

Tony Blair works for JP-Morgan ..... the Crooks racket is bigger than most people can or will want to apprehend

[MengersDisciple]

LastReplaySC -

That's right. And now Tony Blair wants to be prez of EU...

[cestoblique]

Good old Max.

That's amazing isn't it? An ex-Assistant Secretary to the Treasury saying things like:

"a failed state",

"don't think the dollar will last 9 years, " the crooks are inside the government", "like a third world country"

[popcur]

The US could reach banana republic status. If this keeps going on.

[TonyUnplugged]

China and Japan will buy our long term treasuries at higher interest rates. The Fed is currently buying long term treasuries to keep the interest rates down. The 10 and 30 year bonds will go up to 20% or higher. US real estate market will collapse. US banks will collapse. The US will have to default on its debt at some point - act of war ?.

[InTheSticks1881]

Another Wild and Crazy show that makes sooo much sense.

[louis12346]

Transatlantic Common Market by 2015

Last February, the Transatlantic Policy Network formed a Transatlantic Market Implementation Group to put in place "a roadmap and framework" to direct the activity of the Transatlantic Economic Council to achieve the creation of the Transatlantic Common Market by 2015. Clinton administration roots

The work to create a Transatlantic Common Market can be traced back to the Clinton administration's decision to join in the 1995U.S. agencies their EU counterparts

[christo930]

The welfare queens never actually existed, these scumbags do.

[NSResponder]

Derivatives certainly did exist during the Reagan administration. A derivative is any financial contract that depends on the value of some other financial instrument. A stock option is a derivative of the stock.

-jcr

[JessicaBelle81]

Wasn't it Paul Craig Roberts and Al Laffer who came up with the idea that Gov't deficits in combination with tax cuts didn't matter because economic growth would increase revenue for the gov't and they could just secretly tax us through inflation at the same time?

[NSResponder]

No, Laffer didn't advocate running deficits. He correctly pointed out that revenue collection could increase with lower rates, and that proved to be true. The problem was that no matter how much tax the feds collect, they'll always spend more than that.

-jcr

[JessicaBelle81]

Well that makes sense but I do believe Regan and congress at the time used it as an excuse to run deficits. Of course when Regan won the presidency I was just being born.

Thanks for your insight.

[NSResponder]

Reagan's failure was signing budget bills that he knew were running huge deficits. He wanted his military spending, so he let the democrats have their welfare expansion.

-jcr

[Motoicon]

Yes good call on history. Although I should point out that a few years ago Peter Schiff made a total fool of Art. As you pointed out, Reagan compromised and spent too much because of his obession with winning the cold war. Hard to say if what he did was right, but I had to admire his strong convictions about what he thought was the right thing to do for the country. But, like all administrations, he was surrounded by CFR, Trilateral and NWO puppets.

[OurLordLennon]

This CURRENT form of Government MUST BE ABOLISHED! this den of VIPER MURDERERS & THIEVES must & WILL GO! it is U.S. or them......I may be BROKE but I am NOT BROKEN ! and I'm NOT going anywhere! Staying right here to FIGHT and take back My Country....along with many, many others! Viva La Revolution!

[SoPsychoSexy]

Abolished and replaced by what? We have a great Constitution and Bill of Rights. Let's not throw out the baby with the bath water. What do you say to the argument that we just obey the rule of law?

[LastReplaySC]

replaced by a bunch of civil crooks and local warlords.

The US is going down either way its gonna be a tough century for most of the western govts. Because the US is on of the 1st Global RACKETS to fail, followed by Europe- EU

[OurLordLennon]

KEEP THE baby....throw out the POLITICIANS! (90% of them) END THE Federal Reserve ROBBERY ! CONSTITUTIONAL OR BUST!!!! government TODAY is EVERYTHING BUT CONSTITUTIONAL ? Our Constitution & Bill of Rights WILL PREVAIL!

[sjspellman]

Absolutely, this is the best episode yet. Great explanation of the ultra-stealth inflation the Treasury/Fed are pumping out now. And other great points:

-Goldman has controlled the Treasury ever since the Clinton Administration.

-The world knows the dollar is ending, just not sure of the timing.

-The US is a failed state, nearing Banana Republic status, in which the bailouts go to the crooks, and the crooks run the government. We are slaves to the debt culture machine.

[clubtour]

Good summary. I posted it accompanying my sharing the show on my Facebook profile.

[roughcutone2]

The best episode yet, great job max and stacy!!!!!

[desongliu]

"bail-out always goes to crooks"

[MrEndthefed]

Max, love your show. The US Dollar will someday fail but not before many junior currencies meet their maker... Hope you don't pull all your hair out by then. Thanks again for all you do.

[Frosti2008]

Obama wins the Nobel Piss Prize.

ALL SCUM.

[chena3]

crack covered

donutz....

[PMorphy65]

Thanks Max and Dr. Roberts. I follow the economy very closely, and I'd have to say, this video was very informative.

[Hopefl1]

Max puts the facts out there. Crack whores.

[rikestard]

WAR MAX!

[journeyearth]

Max is so unique, one of the best..

MAAAAAAAAAAXXXXX!

[Mojo1982]

Paul Craig Roberts the MAN, a man of integrity and decency.

[Swifive]

Great presentation.

My apologies tho' . I intended to rate a 5 but hit the 4 by mistake.

Owe ya one, Maxter.

[soundmoneyfan]

The fact that Paul Craig Roberts is not our current treasury secretary is BS. Great job once again Max!!!!!

[LysSpooner]

"new welfare queens" and "the suicide bombers on wall street". we love you max (be careful, they are noticing your attitude)

[silvercoin1111]

go after them Max!

[rgman268]

I don't really get something. Wasn't Roberts part of the out of control of government spending under Regan?

[fatpius]

great show!! have Dr Roberts back again...often!! thanks

[TilveranNavarre]

Great show as usual :)

[eyewitness043]

Ghetto Crack house!!!

LMAO!!!!

[OneManAndHisFiction]

The government is merely a Trust. The People are the Trustors / Creators, we offer some rights to the Trust to be administered by the Trustors in the name of the Trust and under the Trust document / Charter / Constitution, and the original People and their Posterity are the Beneficiary of that Trust.

Our public servants are the trustees with an Oath of Office and have a fiduciary duty to serve the Beneficiary - we the People.

If they fail that trust, we may hold them accountable.

[RoberTastic]

great vid Paul Craig Roberts is a great writer and Max kaiser you rock so much

[sarahsgift1]

Incredible show! Thanks for posting! This is one of your best videos ever!

[personova]

Max, yes. One of the bailed out banks will fail due to political pressure not to bail it out again with TARP. But, in reality, the 5X TARP real infusion of cash and backstops through FED games, is why the bank with have to go cold turkey. But, before the economy suffers withdrawal the FDIC will step in to cover the remaining bad debt.

So the Bank goes from junkie to terminally ill cancer patient. Either way the medicine is the FED.

[personova]

Max please have Paul on again, but ask more about details of the dollar devalue. That is, explain the dynamics between the FED and the Administration.

Paul is right. Unless extraordinary measures are taken quickly, the dollar will not last nine years.

Paul is also right about failed treasury auctions. The FED has only one option to stall the dollar collapse, and that is to buy our own debt. Interest will slowly increase in a vain attempt to find external buyers.

[mrzack888]

max got a hair cut and it seems he's gained some weight...

[jfcrow1]

Max Keiser RULESS!!!!!