kidmercury

Max Keiser is my type of guy. He understands technology and financial markets. I wonder what he would think of my idea that virtual currencies and virtual economies can serve as a solution to the global economic crisis (see my previous posts on this topic here, here, and here).

Here is a video where he talks about how the US will threaten military action against any country that tries to dump the US dollar.


I think this is a valid point he is making, and I think it is becoming increasingly likely that there will be some type of a conflict between the US and China, and part of this conflict will involve China dumping the dollar and its massive holdings of Treasury bonds. This will be cataclysmic for the US economy. The US is making all the mistakes of an empire-building country, and empires often collapse when they run out of money (or when their money becomes worthless, which is essentially the same thing). Which is why I increasingly think we're going to see a run on the US dollar by the end of 2012. If there is a run on the dollar, China is the big player to watch, as they have the massive holdings of US Treasury bonds.

rogerwong

Dear Sir,

US will stop oil from getting into China and hence to write off the 2 trillion US dollars debts.