Okay, this guy may be right about the decline of the dollar, but he is mainly a French idiot spouting ridiculous comparisons between Hank Paulson and the 9/11 terrorists. He throws 9/11 around like it was not a big deal, and even at one point insinuates that it was allowed so that the Enron documents could be destroyed and never be examined. What a total idiot! Only in France would something like that even be thought of, since they would do it in a heartbeat! What a jerk.
I don't know what to think about Max Kieser. He's obviously a bright guy, and usually makes good sense. Once in a while he seems to veer off into left field.( who doesn't) Have you seen the old video of him where he's hustling this bizarre "Hollywood stock exchange", or something to that effect ? It was some goofy pop-culture gimmick where you buy stakes in the academy award prospects. He was obviously much youger, so I have to consider that ( I sure as hell ain't gonna tell you how I made money in the 80's: )
But it was kind of a bizarre scheme and left me doubting his credibility a little.
Still, as I said, he's bright guy and does make some good points.:thumb:
He didn't say anything on this vid about G and S.
This interview came off in October--before it really started to get bad.
But since then I've heard him in other interviews... the gist of it being that, all the super wealthy and corps are buying it up like there's no tomorrow (and there won't be). They are divesting themselves out of dollars and putting it all into stuff, gold, land, factories, etc. before it all goes to naught.
This is why it's hard to get bullion coins now--there are big premiums on bullion coins, but not the big-ass bars (which they are buying).
I think he said the price of gold will go to somewhere around the 5 to 6k range next year.
Max is an American, not French, and used to be a broker here. His "Death of the US Dollar" videos are pretty old now, but still accurate, more so with time. Max did not give a date, he just states the fact that it will happen. Max has been predicting the recent economic events well ahead of the pack the past few years.
Max made a nice video (still available on-line) about Iceland's problems a year before they came to pass. Max, Jim Rogers, Peter Schiff, and a few others have called it "right on the money". I believe Max does live in Paris now, or did. I guess he was smart enough to convert out of dollars and get out of Dodge before the crash.
Unlike the thousands of financial planners and brokers in the US, who advised their clients to stay in the market before and during the recent market declines, when it would have saved them billions, Max and others have sounded the warning. Brokers and financial planners want you to stay in, and buy more, its their job to sell you stock. The video tells you the dollar is doomed and why, so we can make whatever preparation we can, or want to do.
Japan is considering waiving U.S. debt, which would strengthen the dollar.
Actually this would signal the end--they would do this to keep access to our markets.
I used to live and work there... I know thier mind-sets and also speak their language.
I am sorry, but they are not going to just dump the US debt suddenly.
And even if they wanted to dump it--there would be no buyers. No one wants our paper anymore.
Maybe a 40ft container of Charmin?!!
It's not going to be dumped--we are going to default, sometime next year. They know it. We know it.
Most likely before the summer.
This is why all the bailouts--they are cashing out, and converting it all to something of value before it becomes valueless.
The county (the USA) is bankrupt.
There is absolutely no way this debt can be repaid, restructured or maintained.