In the latest Keiser Report, we discuss the water and fire signalling the arrival of the paper apocalypse as ever more analysts warn of the debt and credit bubble as governments put their faith in share traders who, a new study shows, are more manipulative than psychopaths. In the second half, Max Keiser talks to professor and economist, Steve Keen, about the fiscal cliff and private sector deleveraging. They also discuss the possibility of a currency collapse in Japan.

    • 412 grains of pure silver is a dollar? Isn’t the dollar suppose to be 371.25 grains of pure silver and not actually 412 grains? 371.25 grains of pure silver is what I’ve found according to the US Constitution.

    • @SumKid:You are correct Sumkid, the coinage act of 1792 sets the Dollar at 416 gains of standard silver  and 371. 4/16 gains of pure silver. The page I pulled that from was incorrect. Thank you for informing me.

  1. Why haven’t we heard more about this ‘fire’ on Water Street? I should think the entire PM commentariat would be all over that like ‘you know what’ on ‘you know what’. (Hahahaha, caught you! Like butter on bread)

  2. This is one of the best videos Max has done. I’m with you PatFields I haven’t heard anything about the Fire On Water Street. I wonder if they got all the files out before the fire started. Yea Right. Lol
    Also his last interview was really interesting allthough he doesn’t believe Gold is Money.

    • It wasn’t actually a fire, it was just the devil that turned the Wall Street into hell for a few minutes to burn all these bad people that were at the Wall Street.

  3. If the Japanese yen collapses, then a lot of electronic products won’t come here in North America. Companies such as Sony, Samsung, etc. are going to go bankrupt. When that happens, at least there would be more people saving up their dollars instead of taking on debts for only buying gadgets. 

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