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Old 11-11-2013, 10:09 PM #11
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You know, there are only a few other bits of information to know that Max Keiser is very right. Firstly, you have to recognise how the world economy changed from being a saved led economy to a credit led one.
In the early 70's the US broke the gold link. That meant they no longer needed to have gold to back up their currency. Gold is a universally limited recognised valuable commodity.
The US had nothing to back up their currency. It became a faith based currency, or "Fidicuary Currency". It meant the US could print as much paper money, so long as the US was "good for it".
The thing is, the US has not been good for it for years. The have printed dollar bills, and the only thing that underpins them is their military supremacy. Just like the Roman Empire.
If you as a nation refuse to roll over to this American Hegemony, refuse to accept the Dollar as the world reserve currency, you become the object of an attack by the American Military. It's a case of rollover or die.
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