Former Wall Street broker Max Keiser discusses the ongoing worldwide currency wars, how the large US dollar reserves held by Asian countries function as defense against potential IMF economic intervention, how the dollar’s reserve currency status allows the US to incur enormous debts, the diminishing returns of deficit spending in its ability to prop up the broader economy, why rising commodity prices are aberrations in an otherwise deflationary environment, why many Americans are renouncing their citizenship to live abroad, the domestic financial terrorism at work behind the DOW’s recent 1000 point drop, financial fraud disguised as “market making,” the origins of the “plunge protection team” and why boycotting Coke and driving its stock to zero is not only possible but desirable.
Podcast: Play in new window | Download
