Below is an email I just now sent to family and friends. It has been edited a tiny bit.
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Here's why many Americans seemingly don't grasp the dire economic straits that exist today...not only here, but worldwide. This piece really nails it. In the 1st half, the concept of "averages" and the "hollowing out" of the Middle Class; in the 2nd half (starting about 13:00), how the System is "liquidating" all the gains since WW II, why mathematicians would laugh some economists right out of the room, and the fact that the Bond Market is much more important than the Stock Market.
The obvious is stated clearly, & the style, facts, and pace produce many huge laughs...the situation is both comical & tragic. For those who don't know, Max Keiser was a stock broker for many years before becoming a pundit. He's a strong Capitalist, but abhors Crony Capitalism and Neoliberalism. [The latter two are plundering the world, & it's right in plain sight. Most high-level politicians in America & much of the developed world are Crony Capitalists & Neoliberals. Their overall records leave no doubt of that.]
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Not only my opinion. Be Well
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