By Max Keiser & Stacy Herbert
“Back in 1971 when Uncle Sam was a handsome young man, one wage earner could support an entire family in the U.S. economy, incomes were growing for all, and America was an export power house where dreams could indeed come true. It was then that Nixon decided to close the gold window and turn the monetary system into a painting on a dollar bill. In exchange for this deal with the ‘fiat devil,’ the U.S. economy would never age – we were told. We could lead lives of debauched currency without cost…”
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London’s Resonance FM, and writes for The Huffington Post. Keiser invented “Virtual Specialist Technology,” a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU.
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