Max Keiser predicting "Bomb the creditors!"

A clip from Max Keiser's 2006 film, "Death of the Dollar."

In it he suggests US policy seems to be to bomb its creditors.

In the Atlantic in 2008, the head of China's Sovereign Wealth Fund suggests the US should stop doing this:

http://www.theatlantic.com/doc/200812/fallows-chinese-banker

"The simple truth today is that your economy is built on the global economy. And its built on the support, the gratuitous support, of a lot of countries. So why dont you come over and I wont say kowtow [with a laugh], but at least, be nice to the countries that lend you money.

Talk to the Chinese! Talk to the Middle Easterners! And pull your troops back! Take the troops back, demobilize many of the troops, so that you can save some money rather than spending $2 billion every day on them. And then tell your people that you need to save, and come out with a long-term, sustainable financial policy. "

Category:

People & Blogs

Tags:

• us-creditors

[OgeronimonominoregO]

Yeah, folks, there's always enough gold by definition. Gold is a physical thing which is divisible. You can always trade in smaller units of it.

A dollar is just a made up unit of account. You can have billions or trillions or quadrillions or quintillions of them. To say that all the gold in the world is "only worth" X fiat dollars is to miss the point.

If gold was money, we'd be pricing the fiat currency in physical units of gold instead of gold in the made up units of "dollars".

[enotdetcelfer]

Nice. Well put, short and sweet. The whole perspective shift is why people are clueless to begin with. Its like people thinking the price of goods goes up over time when really its the dollar acquiring uselessness. Do people actually think now burgers are twenty times better than before burgers?

[Torgo1969]

Sell Camp Bondsteel to Russia. It's long past time for Slavs to unite.

[Rizky06]

To America's Debt Holders...Would you like Federal Reserve Notes, Visa-Mastercharge or Nuclear Dust!!

[chena3]

bomb the

Eiffel tower

[AntiBullS]

why do we have to pay debt in paper money by gold ? Print paper and pay them :) it is easy

no need to bomb they gave us worthless paper and we will give them worhtless paper back :) Amen

[nextdimensions]

US will pay it back with a devalued currency. It's the only way possible.

[JesseKantstopolis]

Thats an interesting statistic. Do you have a source?

[Decebal825]

the only problem with this is that all the above ground gold in the world is only worth about 3.5 Trillions at todays prices :)

[Khamomil]

Wow! Kill the folks you owe to, what a concept on the scale of world finance! Watch out China!