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
Duration : 0:10:45
Tags: america, american, Bank, China, cramer, decline, decoupling, don, economic, empire, euro, faber, Fed, Federal, for, harrold, income, is, jim, keiser, marc, max, of, opium, peter, rate, recovery, Reserve, rogers, sale, schiff, tax, the, theory, unemployment, wars
slightly agree…
slightly agree…
Dayum!!
We, here in …
Dayum!!
We, here in the USofA is Doomed!
We can privatize …
We can privatize the whole thing like Iceland did after they went drunk on Friedman’s theories. Now Iceland is the poor beggar on Europe’s doorstep in search of a handout. Their government crashed and burned. There are those who say: “..but Iceland is a small country”. Uh, hello? If it failed on a small economic model what makes you think it will work on a larger one? If we continue on the road of corporatism with both parties influenced, we are essentially doomed.
bullshit.
bullshit.
Income tax was …
Income tax was created by the chinese. The British version of ‘income tax’ was implemented to pay for weapons and equipment in preparation for the Napoleonic wars. It has nothing to do with Lords and Ladies. The American Income Tax was created to pay for the American Civil War.
Please check you facts before making errorneous comments.
The Opium Wars – …
The Opium Wars – China was paid in Silver. Britain was on the the Gold Standard, so in order to pay for Chinese goods British Traders had to convert their gold to silver. This would incurr an additional cost. Opium became very popular and reduced the need to pay the Chinese in Silver.
Please review your …
Please review your understanding of the British Empire.
The Bank Of England did not run a ponzi scheme. The British Empire was reduced to a commonwealth as a result of World War 2 and the need to repay an outstanding debt to the USA. You will also discover that it was part of the YALTA agreement that the British Empire would be broken up to allow the USA to access those markets. So, if it wasn;t for Adolf Hitler – the USA would never have had an empire.
Soooo …
Soooo hypothetically your were born, you were registered, and the government got a loan based on your birth(knowing you would be taxed), registered your into a system you were in no state to comprehend and made money off of me, do they owe me anything?
Could you revoke consent to your agents(the ‘persons’ who legally signed, the parents) actions.
(5,265)
i believe they try …
i believe they try to cause civil unrest so they can impose martial law to finish us off.its more than obvious to me the leaders of this country are so controlled by the bankers and oil companies.what we need to do is start to listen to these people who claim they can generate power by other means than oil solar or wind.why is there no research money spent on using water for fuel or magnets for electric?overunity is possible and our energy should be next to free.this will free the people.
It’s you’re owmn …
It’s you’re owmn fault we just sit on our and do nothing while the politicians rape us .
Headed for more …
Headed for more like 1 dollar an hour and a dollar worth a fraction of it’s value. We are headed there. Should be easy to get a 2019 Toyota Camary for $179000 on that.
You lack vision, my …
You lack vision, my friend. $1000 dollars an hour would be a much better solution.
Any solid commodity …
Any solid commodity should do well, along with silver.
Don’t forget …
Don’t forget inflation from 1980-2009. So in reality it is even less, heh.
Social Security …
Social Security funding isn’t helped by politicians trying to have everyone working for 6 bucks an hour or less. If they’d created higher paying jobs the last 30 yrs and stop exporting them to China the Social Security program would be well funded. Maybe a few other people would work past retirement or stop faking disability. A guy making 6 bucks an hour isn’t going to create the funding of someone making 30 buck an hour.
USA you can make 8.5 an hour in 1980 and 6.65 in 2009. What a country!
you are so right! …
you are so right! buy buy buy
It’s a dirty word …
It’s a dirty word because there is nothing in these entitlement programs! They are a ponzi scheme. Social security has been bled dry and doesn’t actually hold any reserves, it’s full of treasury I.O.U.’s. Still think my statement is bullshit? Google “unfunded liabilities” my friend.
your statement is …
your statement is bullshit. “entitlement programs” is used as a dirty word. social security is a retirement system in which ppl pay into it. if you don’t work you don’t get much from social security.
These people in …
These people in tents laughed at Alex Jones and Bob Chapman 5 years ago
max was kinda wrong …
max was kinda wrong, the bank of england was founded 1692 not 1694…
why waste your time …
why waste your time preaching..? people wont listen, their source for financial news is Jim cramer and larry kudlow..
do you guys watch …
do you guys watch tv and repeat what you hear? I agree the dollar is done for but you people are not the most convincing people in the world,Iraq cost is why we are broke,nothing to do with Obama spending 12 trillion in 100 days…liberal blind mouse who has no idea liberal laws and spending programs and unions have us there….clintons housing act had nothing to do with it? rightttttttt
China has 3 …
China has 3 trillion of US debt but Obama just spent 12 trillion….hmmm China better up their reserves by 500% while Obama is socializing our economy…get real the dollar is doomed,silver will rocket
As long As …
As long As Communist China keeps Buying,American Government Bonds US Dollar will be Okay!China has 3Trillion in Currency Reserves Tied ,in the American Market!Chinas just Hopin for,a Quick Recovery!
The British were …
The British were buying tea from China – China would only accept gold in exchange. Eventually the entire British gold reserve was gone. So Britain got the Chinese hooked on opium, accepting only gold as payment. I don’t know what Max is talking about.