Max Keiser: ''When Your Country Goes Broke''

[DeSwiss]

Run time: 10:35 https://www.youtube.com/watch?v=Lr24d2aB3PM   Posted on YouTube: October 06, 2011 By YouTube Member: mainemike52 Views on YouTube: 8762   Posted on DU: November 14, 2011 By DU Member: DeSwiss Views on DU: 1941

 

When your country goes broke
With Max Keiser and Directed by Stacy Herbert

It happens all over the world, but it's been a long, long time since a European country has had the experienced.

Default. National bankruptcy.

Here's what happens when a country goes broke.

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- We can sit and wait for it to happen here. Or stop it in its tracks. It's our choice. At least for now........

[WCGreen]

1. Greece is like a sub prime home owner here in the US...

[DeSwiss]

3. The heirs of Plato and Aristotle, are sub-prime?

- The irony here is that without these guys, no one else in the world would even know how to count!



No matter how hard they try to hold it
together, it's still coming down......

[sam11111]

2. 280 000 000 000 000 $

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x92026

[DeSwiss]

4. The worst of it is.....

...it's not actually worth anything but what they say it's worth. Only 3% of it is actually physical ink and paper money. The other 97% of it is all in electrons in someone's computer at the Fed. If we cut-off the juice, then they'll be as poor as everyone else is, eh?


- That is both the beauty, and the Achilles heel of fiat money. And just as soon as everyone else figures this out, they're doomed......

"You let one ant stand up to us, then they all might stand up! Those puny little ants outnumber us a hundred to one and if they ever figure that out there goes our way of life! It's not about food, it's about keeping those ants in line." http://www.youtube.com/watch?v=QexXe9NWO8Q">~Hopper, "A Bug's Life"

[Quantess]

5. That was maybe the best Max Keiser clip I've seen.

[DeSwiss]

6. This one ain't bad either:

- http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x634634">Max Keiser: Gold & silver stake for Wall St. zombie bankers!

[watajob]

7. Agreed.