the decline of the american empire

Max Keiser talks to Stacy Herbert about the end of the american empire, the federal reserve bank, unemployment rate, income tax, China opium wars, us dollar, uk pound, aaa rating triple a, inflation, Peter Schiff decoupling theory

recorded on May 23rd 2009

Category:

News & Politics

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[vandall]

It's you're owmn fault we just sit on our asses and do nothing while the politicians rape us .

[croemar]

Max with the truth again!

[TheCulturedGoat]

World dominance is like a baton in a relay race: it gets passed on to the guy in front, he runs with it for a while, but then he has to pass it on. The Egyptians were overtaken by the Greeks, then along came the Romans. During the 15th century, Spain was in charge. followed by France. By the 19th century, the British were dominant but they were overtaken by the USA. And now China is moving into position as the world's number 1. It is NOT the end of the USA, but it is the end of US dominance

[xxx2397]

Just because we aren't a world power, doesn't mean that we will be poor. Look at england, for example. it's number 10 in the top 10 world powers, and they're citizens are doing fine.

[cosmicviewer477]

@TruthAxe In the American context, all that will happen is people will march in the streets, media will simply turn a blind eye and continue reporting on foolishness, and the other lazy Americans who didn't go out to march will continue toiling on with their lives. It will simply blow over and be forgotten. It happened with the war protests and will happen should your scenario play out. That is the difference between America and many other states. Our populace is distracted, fragmented & weak.

[TruthAxe]

You amuse, @cosmicviewer477. Your false beliefs are those expressed from childish intellect.

Have you not seen what has happened recently in the Middle East? Do you know what caused poor Middle Easterners to go into uprising?

Take away SNAP, TANF, Medicaid, SSI, SSDI and Pell Grants simultaneously and see what happens.

Politicians get their power from bribing the poor with welfare crumbs.

You ought to quit while you are oh-so-far behind cosmicviewer477. You don't get politics.

[cosmicviewer477]

@TruthAxe You sincerely believe the whole consent of the governed nonsense? Of course, that concept works in theory, but in reality, not quite. The fact of the matter is that it is the masters of industry who have the power and the access to our government. Labor unions have declined so rapidly in the last two decades that their influence is mostly symbolic, and -- once again -- welfare recipients (and by this I mean welfare to the poor, not corporations) have NO political power.

[TruthAxe]

@cosmicviewer477 What are you talking about? Politicians derive their power from the consent of the governed. Without the tacit approvals of those on welfare and the giant make-work unionized bureaucracy, politicians couldn't funnel tax money to cronies.

Apparently, only you are disconnected from how politics works.

[cosmicviewer477]

@TruthAxe What are you talking about? People on "welfare" are some of the most politically disconnected people in this country. They do not even have one-sixteenth of the money, media time, clout or political capital to "agitate" politicians. The fact of the matter is that corporations and their interests (read: think tanks) are using their power and influence to hold this country hostage. It's not poor people.

[cosmicviewer477]

@Freemarketeer81 It is not a ponzi scheme. The only reason Social Security and Medicare are in trouble is because politicians keep directing bureaucrats to borrow from the fund. That is the problem.

[cosmicviewer477]

@natorenji History does repeat itself. This doesn't mean, of course, that we can't talk about this coming collapse. All the thinkers throughout history discussed these things from Cisero on down. "Yabbering", as you call it, is sign of a strong democracy, which by the way, doesn't necessarily need a republican government to stay vibrant.

[Chidanandaji]

When corporate tax rates decline in the 34 OECD member countries, then government revenues decline.

Just Google search: "Corporate Executives Deny 57 million Americans healthcare - by Bill Woollam" I surmise it is an orchestrated scam where International CEOs lobby member nations to lower corp. tax rates. Then, as one member country at a time reduces corporate tax rates, the pressure is put on remaining member countries to lower their corporate rates in order to compete "globally".