Twitching, rumpled and passionate, Max Keiser explains the deeper significance of Edward Snowden’s recent intelligence leaks. It’s not about national security. Keiser implies that Snowden has revealed evidence of a fascist market-rigging operation that’s ultimately funding America’s secret government–a corporate plutocracy.
Thanks primarily to the research by GATA (Gold Anti-Trust Action committee), it’s widely believed that the current COMEX and London markets are manipulated in order to artificially suppress the prices of gold and silver. I agree with that belief.
It’s therefore presumed that a true “free” (unmanipulated) market prices for gold and silver would be not only be higher than the COMEX market prices, but might be enormously higher. I agree with that presumption.
If a true “free market” for gold and silver could be found, people routinely talk about silver rising from $35/ounce (on our current manipulated markets) to $500 or even $1,000/ounce (on a true, free market). Predictions that gold might rise to $10,000 or even $20,000/ounce are common.
Max Keiser offers a completely new spin on the Greek debt problem: Other countries have dumped some of their debts on Greece, and the Greek people are being required to repay debts that they did not incur. Rather than repay someone else’s debts, the Greeks are rioting.
His allegations are fantastic, but I’ve heard of Max Keiser intentionally fabricating false stories or telling lies. So, while I can’t speak to the truth of his allegations, Max Keiser–as always–is as full of passion as a mad leprechaun and every bit as entertaining.
Who knows? He might even be right.
Warren Pollock is a “semi-retired Wall Street executive”. He’s interviewed by Max Keiser and predicts that the American “empire” is failing; that that failure will include a “bank holiday” wherein most Americans’ bank savings will be effectively seized.
Pollock claims we are now in a “totally lawless” situation. The government is passing laws now to legalize these future seizures. The American people’s bank savings will be directly seized by the banks rather than taxed indirectly and then distributed from government to banks. All savings accounts would be revalued. The existing dollars in your bank account, pension funds, brokerage accounts will be replaced with new dollars that have perhaps half the purchasing power of the existing dollars.
“Nothing is safe in terms of [bank account] savings.”
Max Keiser and Gerald Celente discuss MF Global (the 8th biggest bankruptcy in US history), JP Morgan’s manipulation of the silver market and the prevalence of corruption in our global economic system. Celente alleges criminal behavior by the Chicago Mercantile Exchange and The City of London.
They warn that if your bank deals with derivatives and goes bankrupt, the derivatives claim to remaining bank assets will be superior to the claims of actual depositors. Implication: no deposit in a bank that deals with derivatives is safe.
Celente predicts that the world’s economic system is essentially bankrupt and can’t produce the gold, silver and even cash that it pretends to have; that the system is collapsing under the weight of its lies. He predicts that the world’s governments will institute more war, probably with Iran and/or Syria and/or Israel, to distract the people’s attention from the mounting evidence of global, economic corruption. Celente claims the system is “one big Ponzi scheme” on the verge of collapse.
Celente is a little hyperbolic, but if he’s correct–and I think he is–the only medium in which you’re likely to store your wealth and saving is gold or silver kept close at hand.