On the Edge with Max Keiser - 29 May 2009 (pt 1 of 3)

http://maxkeiser.com
Max Keiser hosts On the Edge
"A sovereign debt crisis?"
Co-presenter Stacy Herbert

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[PlatinumGordon]

I like max.  Max is so clever he makes clever jokes about the insanity out there in financial world. He sounds like he gets his facts wrong where Stacy corrects him, but this is a form of humour in that if you really listen to him - it is funny. Someone who can tell the truth, make you laugh - PRICELESS. Stacy is hot.

[vinny1010]

Smarter than your bitch ass

[nassahacca]

It has began.....the next FINANCIAL CRISIS, maybe!!!

Dubai is broke, maybe!!

When will we ever learn???!!!

DEBT IS NEVER THE SOLUTION!!

[AM429]

I'm doing all this but what if the actual truth about the US economy makes this stuff a LOT cheaper? There is a recovery built into the current prices of oil.

[AM429]

it seems like built into commodities right now is a big recovery. Do you think we should be long dollars in the near term?

[stang661]

Sure, China always bought for reserves. World-wide demand is down for oil. China is suffering in the economic crisis, yet they're driving the price. It seems they are going for investment to avoid buying US debt.

You are right, they've bought entire mines before. Hope they independently check them as that can be just paper saying it's a goldmine. Bre-X anyone? We'll probably see some large commodity scam soon.

[greenb1a]

Dear Max I just wonder why wall st recently printing the tape? Who's behind this? What is the purpose?

[mackdmorris]

As Peter Schiff says countries like the US and UK can print money to pay back their debts so they don't have to default explicitly - but if they keep printing money to pay their debts they default implicitly by significantly reducing the value of their currency.

There is no economic difference for investors between receiving 20cents on the dollar from a US treasury default or being paid in full but the dollar falling in value by 80%.

[mrcool011]

The us will never lose its AAA rating because the US government controls that or has enough influence to keep us at a AAA. I'm convinced people like taking it the ass, we should have had a peaceful revolution after they robbed the American people, but no we didn't vote these bastards out. We'll reap what we sow and pay the price for these foolish corrupt politicians.

[bagginshates]

I've listened to Max for a very long time. Max used to be a stock trader. He would rip people off as an occupation and got rich doing it. He has no conscience and doesn't claim to (when I get my hard drive I'll prove this with his own words).

I appreciate him criticizing the money powers, but wouldn't put anything past him if it were to get him attention or more money. I have to hold my nose when he speaks piously about the evils of the money men.

Smarter than my bitch ass? Maybe. Who cares?

[getplaning]

While it's important to know what is happening, and Max and Stacy are right here, we little people can only do what the smart money is doing.

Start buying currencies of commodity rich nations like Australia, Brazil, and Canada, buying commodities like industrial metals, precious metals, oil, and agricultural commodities, and look for equities in the commodity production sectors like mining, gold and silver mining, oil and gas exploration and development, and agricultural operations.

[prescottbill]

They are buying the real deal: mines, oil for their strategic reserve, etc.... not paper promises.