RT "Keiser Report" Markets! Finance! Scandal! – Debtors Revolt!

[maxkeiser]

Run time: 26:32 https://www.youtube.com/watch?v=PX-bRzqRtJI   Posted on YouTube: January 21, 2010 By YouTube Member: Views on YouTube: 0   Posted on DU: January 21, 2010 By DU Member: maxkeiser Views on DU: 432

 

[midnight]

1. Nixon closed the gold window, and turned us into a Fiat system....

I will have to do some digging about this first hit.... Thanks again for bringing me some financial understanding...

[Gman2]

4. Had the gold standard survived till 2008/9, it would have been chucked.

The dust bowl, and other factors affecting farmers made being one, a loser. So, to allow the US gov to respond to terror, famine, pestilence, drought, and all the other God caused things. Without that, you are limited as to your response.

Along with that, it allowed shenanigans, like later spending the iou's in SS. With changes comes a need for regulation. Usually regulation lags and therein lies the rub. If a rethug is in power during that transition, we get collapse.

[ro1942]

2. That was great, thanks for posting

[bbgrunt]

3. Mostly I like what Max says, but his cruise ship

condemnation is inaccurate and misleading. As pointed out by others in several threads addressing this issue already, the beach is about 100 miles north of the capital--over very bad roads--and there is no dock at the beach.

Secondly, despite the unsavory picture painted by the vast disparity of wealth, many Haitians depend on the commerce generated by these stops. It would be just as unseemly to cut off this source of income by refusing to stop there.