China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.

Max Keiser

Categorized in : People Mean Winning

Only put money in the banking system that you can afford to lose!

Max Keiser

banking-system banking loses

You know policy is driven purely in self interest. The Federal Reserve Bank and the commercial banks and the Wall Street banks are not acting in the interests of the population at large, they're acting purely in their own self-interest, which is a shame because they're actions dictate the reality for 300 million Americans. But they don't see it that way, they see it only as a way to preserve their own self-interest.

Max Keiser

wall acting reality

Prepare by knowing your walk away [conditions] and by building the number of variables you can work with during the negotiation... you need to have a walk away... a combination of price, terms, and deliverables that represents the least you will accept. Without one, you have no negotiating road map.

Max Keiser

knowing numbers needs

Did I mention how good it feels to be a bitcoin millionaire?

Max Keiser

millionaire bitcoin feels

If we are going to go into a global currency fight against countries like China, well, the US has about 75, 76 billion in foreign reserves. They're going to be up against China with 1.7 trillion in US dollars and foreign reserves, so it's not much of a fight there. It could be an interesting fight though.

Max Keiser

fighting country interesting

Goldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil. So the banks have aggressively been buying oil on their balance sheets. I think they might see this as a way to bail themselves out of this mortgage crisis.

Max Keiser

balance long thinking

This is what we’ve been waiting for, this is the cyberchryst moment. This is when the activists that have been pushing against the FED are going to win.

Max Keiser

pushing waiting winning

Money is catching up to the technological trends transforming all aspects of society and business; entertainment, insurance, health-care, gaming, leisure, retail - all commercial and social verticals are going digital - including money itself.

Max Keiser

gaming society money business

As more wealth and political power is amassed - as bitcoins rise in value - Congress and various lobbying groups will be influenced to an ever greater extent by the interests of Bitcoin owners who - in turn - will lobby to keep the Internet and Bitcoin alive and growing.

Max Keiser

value internet political power

Bitcoin's success will guarantee Bitcoin's success.

Max Keiser

guarantee will bitcoin success

Bitcoin is probably the most fungible currency ever created.

Max Keiser

ever most bitcoin currency

Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. If there is pushback against this idea, then shut down the Fed and its ability to distort the economy, penalizing labor, or make the Fed's distortions available to all businesses and all workers.

Max Keiser

down money law people

Tony Blair personified the shift away from democracy, towards control by bankers.

Max Keiser

away control democracy bankers

Through bitcoin, the Argentines are developing an economy which doesn't require the bankers.

Max Keiser

which through bitcoin economy

I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the old law returns: he with most gold makes the rules.

Max Keiser

gold law believe world

Britain is the epicentre of financial fraud. Most major players outsource their fraud here because London is the unregulated cesspit of global finance.

Max Keiser

fraud finance financial london

If the Karmabanque hasn't worked, it's because there isn't yet a critical mass of people who are prepared to fight back and who instead prefer to be victims.

Max Keiser

fight back who people

Low interest rates wipe out savers and devastate middle-class workers. The banksters have orchestrated this wealth transference of trillions, from the poor to the very wealthy. At the expense of everybody who isn't at the top.

Max Keiser

low top wealth poor

I am pro-capitalism, and I am pro-free market.

Max Keiser

market am i-am

The States is run by the Federal Reserve, an institution that answers only to itself and to a few large banks. It's modelled on the Bank of England. Ben Franklin said that one of the main reasons America revolted was to get away from the Bank of England, the mother of all central banks - the most pernicious and insidious of all.

Max Keiser

run mother said america