Speaking with Russia Today on Monday, Max Keiser predicted gold and silver will be the wildly popular choice among the public leading up to and finishing with a catastrophic endgame of the global debt and fiat currencies crisis.
“The endgame [to the crisis], is a mass panic buying of gold and silver,” Keiser predicted, noting that bankers creating more debt on top of unserviceable debt will eventually lead to another meltdown, a conclusion also drawn by famed commodities trader Jim Rogers of Rogers Holdings last week in his interviews on Fox Business and CNBC. (article here)
“This will force the banks to go the way of Enron,” he said, as the public’s distrust of the banking system reaches a global zenith. “JP Morgan will one day wake up and go the way of Enron; it will be worth zero. Same thing for BNP, same thing for many of these banks.” Sign-up for my 100% FREE Alerts!
The 51-year-old, former equities broker, now hosts the widely-watched financial news program On the Edge, whereby Keiser steps the viewer through the various events of the financial crisis as they happen, providing colorful, insightful and understandable commentary as well as expert analysis along the way.
Keiser said Monday that the only way to stop “criminal bankers” from “stealing” from the public is to opt out of the system by turning in paper money for precious metals—specifically gold and silver, the money successfully used for thousands of years as a store of value and wealth during countless financial crises. Kaiser especially likes silver.
“The gold and silver vigilantes, who are decapitalizing . . . remember when you’re fighting vampires, you need a silver stake and put it through their heart,” continued Keiser. “This is what gold and silver acts like when you’re fighting terrorist banking zombies on Wall Street.”
Keiser said one of the immutable laws of economics [Gresham's Law] will eventually win over the bankers’ fight to maintain the status quo of its self-created “Bernie Madoff ponzi scheme” of fiat money—to borrow a phrase he regularly uses on his show. As it fails, real money, he said, will not.
“That’s why gold and silver continue to go higher,” he explained. “And when it gets to a certain tipping point, these bank balance sheets will blow up and we’ll have a new gold standard around the word, and this will be a rebirth of the global economy.”
Since the debt crisis began, the number of personalities and analysts has grown substantially, as millions of financial laypeople, who strain to understand the collapse of banks and sovereign nations, as well as why it has happened, grows rapidly.
Keiser is unlike any other, in that, he, aided by his assistant and research reporter, Stacy Herbert, delve into the bowels of the financial system and offer up simple and coherent explanations to viewers for the motives of bankers and politicians throughout the crisis. His message of corruption, greed, power, and the evolution of a corporate fascist political system taking hold of the US and Europe resonates with more and more viewers each month.
According to Google Trends, the search term, Max Keiser, has grown in trend since the crisis began, in earnest, during the fall of 2008.
Thanks to Max Keiser and many other public personalities, who are capable of deciphering the financial jargon and the political response during the crisis to a weary public, the subject of gold and silver as their role as money is now mainstream after 30 years of dormancy. The arcane subject of money has many new students, especially among the populations of those countries touched first by the harsh and sometimes shocking realities of a faltering global banking system.
The chart, below, courtesy of Google Trends, shows Max Keiser’s popularity as a search term in Google’s search engine. Is it surprising that the two nations which have taken the biggest hit, so far, Greece and Ireland (the tiny populated country of Iceland has said, “no” to banker bailouts and have moved on), during the protracted crisis show as ranking no. 1 and no. 2, respectively, on Google’s country demographics statistic?
Interestingly, Italy is no where to be found—yet. But as the crisis moves from country to country, there is little doubt that more and more affected by the spreading crisis will become familiar with Max Keiser and his partner Stacy Herbet.