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Peter Schiff was wrong about the Dollar !!!!!!!!!!!!!!!
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Anonymous
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Peter Schiff was wrong about the Dollar !!!!!!!!!!!!!!!
Great job Max! The thing to keep in mind is that the system has been set up on the USD for 50+ years, and a great many great fortunes are gravy trains are tied to it. You, and Peter, and Jim just underestimated to what extent people would sacrifice their real or long-term interests just to maintain the status quo. Think of it this way: Chinese people are smart, scary smart, but how come in the 18~19th century they could not make the changes Japan did to adjust to the rise of Europe? Short answer: There were too many people invested too much both financially and psychologically in the old system to allow it to change without first crashing and burning it. In China's case, it took about 150 years of relative decline and about 60 million dead, all total. At rock bottom in the 1960's parents were not just selling their children for food, they were selling them AS food. I'm afraid how low America will have to fall before it can start over, plus things happen so much faster now, 150 years might be just 30 now. Yikes!
Max Keiser interviewed about Roman Polanski Tags: Peter Schiff Max Keiser of The Financial Armaggedon glenn beck Marc Faber Jim Rogers Gerald Celente food shortage riots India China gold dollar economy collapse meltdown silver currency Worst Case Scenario 2012 obama mayors stimulus wisely Illuminati new world order skull and bones bohemian grove bush NWO Freemason
US military spending-On the Edge with Max Keiser - 07-22-2011 with Gonzalo Lira from LiraSPG.com He talks about Pentagon's “Full Spectrum Dominance” policy. As the name implies, the policy's aim is for the United States' military to control all aspects of a battlefield or as proponents of the doctrine call it, the “battlespace”: Air, land, sea, space and cyberspace.America was always about people willing to take risks for a reward , but now in the America post 911 they make it even impossible for Americans to take risks therefore the result is predictable says Max Keiser , America is losing the currency war, the Americans today do not dare theyd emand a safety net under everything just like the too big to fail banks this is a policy that is eating away what made America great says Gonzalo
China and several other nations understand the value of issuing global reserve currency. That which was once good as gold was no longer so when the fixed exchange rate was removed. Any national currency which pegs to gold and does not fiddle with the fixed rate of exchange will be a global reserve currency. It matters not whether the gold is stored in vaults or on the fingers of citizens. Banks will be required to maintain gold reserves to redeem paper issued against it.
Great job Max! The thing to keep in mind is that the system has been set up on the USD for 50+ years, and a great many great fortunes are gravy trains are tied to it. You, and Peter, and Jim just underestimated to what extent people would sacrifice their real or long-term interests just to maintain the status quo. Think of it this way: Chinese people are smart, scary smart, but how come in the 18~19th century they could not make the changes Japan did to adjust to the rise of Europe? Short answer: There were too many people invested too much both financially and psychologically in the old system to allow it to change without first crashing and burning it. In China's case, it took about 150 years of relative decline and about 60 million dead, all total. At rock bottom in the 1960's parents were not just selling their children for food, they were selling them AS food. I'm afraid how low America will have to fall before it can start over, plus things happen so much faster now, 150 years might be just 30 now.
ReplyDeleteYikes!