In this episode, Max Keiser and Stacy Herbert discuss Goldfinger at the New York Fed in Lower Manhattan where Germany's gold did not dissolve in the Hurricane Sandy floods, but $13 trillion in paper assets did. They also discuss Treasury secretaries and Goldman CEOs as the stuff of nightmares.
However, yes, if the deficit hawks have their way, that country's economy will worsen a great deal.
Plutocrats have got to realize that this time, just like during the last Great Depression, they cannot hang onto it all unless they want to be on the losing end of a world war.