should America file for bankruptcy ?
Max Keiser talks to Stacy Herbert about the american dollar and the end of America.
recorded on January 23rd 2010
Duration : 0:10:58
22 Responses to “should America file for bankruptcy ?”
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why not sell and … why not sell and take loss and buy one for cheaper? that statement is totally illogical
Agreed.
The … Agreed.
The system must completely self destruct and then those of us left will start over. It's like an old car with a broken frame, there is no fixing it.
Gordon Brown just … Gordon Brown just sold all of Great Britains gold reserves lol.
America is already … America is already bankrupt and has been for many years, much like Great Britain.
Fiat currencies people!!
Do a search for Robert Meynard's videosfor more info.
Anyone ever wonder … Anyone ever wonder why the Gold price has gone up and governments are collecting as much as they can? Watch Zietgiest. It states in that that the last time this happened things did restart.
in the last … in the last depression, not only did we still have industry, and exports, the people had much MUCH more localized food. used things like "cleavers", and recipe's.
Famine could kill Billions world wide in 6 monthes after a trans shutdown
As the saying goes, … As the saying goes, the only time you borrow money is, "You are in need or in GREED"
Which one are you ?
domeschino, should … domeschino, should the banks not have loaned money to people that obviously could not afford it? Liar and ninja loans being made. The profits are privatized and the losses are socialized. Sounds like a racket to me. I hope people do the right thing and walk away from their underwater loans. I have encouraged people that I know who are underwater to walk away. I also tell them to stop paying the mortgage and wait for the Sheriff to give them 24 hours to leave, save money until then.
Best advice ever… … Best advice ever….toss in the towel and start all over! This way everything can reset.
Won't happen tough, it's always to much of an embarassssssssment to say that you are bloke and homeless…
REV 18:21
@domeschino why not … @domeschino why not go take 200k and buy a new one and save 10%. See what I am saying. We are bankrupt.
I am not going to … I am not going to default I paid 227 K MY CONDO IS WORTHED AROUND 200 k wHY SHOULD i default I WILL PAY IT OFF and leave it for my children.
Max bad comments
Thanks marcchabotyt … Thanks marcchabotyt for continuing to post these informative videos.
@justaoldslave Yep. … @justaoldslave Yep… In fact, the US is the least likely of all countries, along with the UK to even have a recovery. Not only because of how broken the system is, but the people have no skilled labor, and are a very weak and divided society, unfit for survival or fighting, unfit for living properly or healthy, etc.
When America is a … When America is a third-world country, humility and gratitude will become commonplace. Look forward to the days of simplicity. Please watch videos here about AFFLUENZA, so you understand why America will never return.
That and the new HOME movie, showng global warming will be the death of America, as we've known it.
Call a customer a pig long enough, and she'll go on a diet.
Happy homelessness!
The U.S. cant … The U.S. cant recover like they did in the past. In the past the U.S. actually were producers. All of that has been destroyed by the Global Capitalists.
Thank You, The … Thank You, The system is so broken, it cant be fixed. It must be completely remade. Just claim bankruptcy. Fess-up to your mistakes. Pickup the pieces. And start over.
Precisely. That's … Precisely. That's when our medium of exchange started to become, in ernest, Wall Street's plaything.
I looked up the … I looked up the price of gold over the past 100 yrs, all the way up to 1971 the price of gold was steady based on the US dollar. After 1971 the price spikes and volatility immediately began to happen.
Max's "inside" … Max's "inside" perspective on the psychology of traders and global view of it's corrupt basis make him a truely unique and valuble commentator on these times.
In the US, our wealth has been nothing more than a speculative bubble since 1971. Fantastic insight.
You got it, the … You got it, the abstract (current model) has become the "reality". However, the reality you speak of will set in, tangible will be back in vogue. The bankers (Fed Res types) won't like it.
Dollar Casualty… … Dollar Casualty…
watch?v=GR82UUpAjuc
Yep.
"Behavioral … "Behavioral Finance"
I love that term.
Question: Have not all the Materials and Labor for these homes been paid out?
These bankers need a lesson in Austrian economics, or at least should be reduced to living in a FEMA trailer and working as public servants doing manual labor rebuilding infrastructure, bridges,railroads, and the like.