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Friday, July 29, 2011

Max Keiser : the Fiat Money system is collapsing

Max Keiser : The rating on the US debt is definitely going to be downgraded , for ten years we had war of savers versus speculators , the speculators had been winning , the speculators had been able to borrow money at near zero percent , te savers had been the big losers , the us dollar is in a bubble and it needs to be marked down by 50 or 60 percent , Obama is financially illiterate , America cold end up as Greece or Ireland and lose its sovereignty to the International banks , the price of food and gas in America and particularly the price of gas will tripple from its current level this is going to happen regardless of what Obama does , the Fiat Money system is collapsing this is what gold and silver are telling us ....

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