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China’s Gold-Backed Crypto Looming As ‘Pearl Harbor Type Event’ For US Dollar In 2020 – Keiser Report
Nov. 11, 2019
RT – Keiser Report
In this episode of the Keiser Report, Max and Stacy discuss the crybabies on Wall Street begging for billions and living in constant fear while the rest of the economy continues to live and thrive in the real world without non-stop free money.
The tale of these two economies are one where money velocity is zero for the top 1% with their over $30 trillion in wealth, at least $4.7 trillion of it sitting there as dead money in zero percent bank accounts.
In the second half, Max continues his conversation with Gerald Celente of TrendsResearch.com about repo markets, ‘balsamic smiles,’ China’s gold buying and Mark Carney’s recent suggest that an IMF-backed synthetic cryptocurrency should replace the US dollar as a unit of account for global trade.
There are two economies in the United States, says RT’s Keiser Report, the real economy, where the 99 percent live, and the one-percent economy, where bankers and the corporate elite live.
“Consumers are spending and life is going on,” whereas on Wall Street one can see “non-stop interventions, quantitative easing is needed, interest rates were cut again this week for the top one percent,” Stacy Herbert says.
“There’s never enough money,” as those from the one percent “want more and more…”
According to Max Keiser, there could be “a catastrophic trapdoor opening underneath the US economy.”
When China announces as a surprise its 20,000 tons of gold and a gold-backed cryptocurrency that “will kill the US dollar deader than a doornail,” it will be a “Pearl Harbor-type event and it’s coming in the next six to nine months,” he predicts.
Keiser Report: http://www.maxkeiser.com
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