Russia Today: Max Keiser - Welcome to American Slavery 2010 Style

[maxkeiser]

Run time: 00:44 https://www.youtube.com/watch?v=Iusd6VdhQcE   Posted on YouTube: February 18, 2010 By YouTube Member: Views on YouTube: 0   Posted on DU: February 18, 2010 By DU Member: maxkeiser Views on DU: 1368

 

[Anymountain]

1. Seriously Wall Street Prints Money, When they want it.

So all financial collapses are the result of some correction between inflated and real value. Since Money doesn't exist anymore, it's become this total electronic fiction. So in addition to government printing it Wall Street has taken to inventing it. That's what these confabulated investment things are, they take a real debt, divy it up so that it's meaningless, and sell the risk or the profit. As long as there's interest somewhere it works. Essentially electronically printing money. Like micro-transactions.

Meanwhile we are. We're picking cotton, and living off the company store. We create debt, and they sell it. Absolutely fictional money. It's an inverse bail of cotton.

[truedelphi]

2. i guess that was what Bernanke was saying, a few months back when Sixty Minutes

gave him thirteen minutes to explain away the thirteen to fourteen trillion dollar coup, whereby the Fed did not take any action that would require taxpayers pay back (or so Bernanke claimed.)

Why, you see, Bernanke did not hand out sacks of paper cash to his buddies at AIG as pass through to his buddies at Goldman Sachs. He only set up accounts in the names of his Wall Street favorites, and then he offered those accounts electronic monies.

Which, according to Bernanke himself, is not real money at all.

[midnight]

3. K&R

[Karenina]

4. I LOVE YOU, MAX!!!

:swoon::loveya::swoon:

:rofl:

[Shining Jack]

5. And a Kick...

And an R !

[Kyril Enko]

6. Sorry, unrec!

Russia Today is not the place to be critical of our country. England? Sure. Canada? Fine. France? Cool. But not Russia.

[izquierdista]

7. Truth hurts, doesn't it?

Especially from quarters that were so roundly vilified during the Cold War.

[Oilwellian]

8. Uhhh,

Max is an American and used to work on Wall Street. You should be wondering why only foreign news agencies are paying attention to him.