Sunday, March 27, 2011

Money Geyser

This is one episode of a larger series done in 2007, before the market crash of 2008 and before the financial world in Iceland crashed to the floor. Insightful is how sure Max Keiser and others were that these things would happen, then as we now know, they did. It is also interesting to note what one of Max Keiser's predictions is for the future today: A U.S. dollar worth half what it is now. A generation of savings wiped out.

From Al Jazeera

1 comment:

  1. very instructive and entertaining. we recently saw the G7 institute dramatic currency interventions to drive the rapidly appreciating yen back down to levels which would facilitate the carry trade.