In a brand new episode of RT’s Keiser Report, Max Keiser and Stacy Herbert focus on ‘the chart of the yr’ exhibiting revenue hovering in america as authorities transfers enhance family stability sheets.
Max says that, concurrently, individuals are residing on a ship that’s sinking, because of the implosion of the rate of cash and the resultant collapse of the bond market.
The bond market has collapsed as a result of the one means America can promote sovereign bonds or authorities debt is to purchase them again from itself, he notes. In any other case, no person can be shopping for it.
So, you have got “an economic system that might be much like what you may discover at a funeral… Individuals are mistaking the formaldehyde of fiat cash as a reanimation of the corpse. And we should always then put up the corpse by itself two ft and ask it to stroll out of the funeral parlor, which is asking an excessive amount of of a corpse.”
Max provides: “This American economic system died in 2008, there’s been lots of formaldehyde pumped in by way of the system nevertheless it’s nonetheless lifeless. It’s as lifeless in the present day because it was in 2008, and these skilled cash managers clearly are totally misplaced within the woods, do not know what they’re saying, do not know what they need to be doing.”
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