Max Keiser: Economic Collapse Is Imminent
Posted 05 September 2012 - 09:53 PM
Posted 05 September 2012 - 10:04 PM
Posted 05 September 2012 - 10:15 PM
Posted 05 September 2012 - 10:18 PM
Posted 06 September 2012 - 12:50 AM
And to my previous post to Tensor and it kind of ties in with what Arsen just posted as well. In the video, a caller asks what would happen to his mortgage and Kesier says, as Arsen suggested, it would basically "inflate your mortgage value away." Meaning, you'd no longer have a mortgage. But he mentioned that although that sounds like a good thing for the homeowner, it would be the least of one's worries because society would be "breaking down around you." So yes, he was suggesting it meant a total collapse of the system.
Posted 06 September 2012 - 08:38 AM
This is an inevitable thing, and no matter how much you stick your fingers in your ears and go "lalalala" it isn't going to change it...
The dollar is toast, and you can't eat and drink gold and silver...
Posted 06 September 2012 - 09:14 AM
Posted 06 September 2012 - 09:17 AM
Posted 06 September 2012 - 11:36 AM
Gold and silver is bad idea because if dollars fails most people will start selling their jewelry to survive. Supply and demand will drive prices of gold and silver down.
relative to what?
if the dollar is collapsing what are gold and silver depreciating in relation to?
Posted 06 September 2012 - 09:09 PM
now look at all the shows on storage units and now even bartering. ominious.
Posted 06 September 2012 - 09:15 PM
Spain is trying to be as creatively possible with its current state of affairs and Greece is being told to work 6 days. There will be a cause and effect if those two don't get things right.
i always says this and will say it again. don't panic until i do. i should be at least a year or just under ahead of the curve if its' going to be really bad.