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In 2002, US President George W Bush declared Iran as part of an "axis of evil". While Mr Bush's successor, Barack Obama, has softened his tone, Washington continues to accuse Iran of trying to develop nuclear weapons.
Iran, which is building its first atomic power station with Russian help, says its nuclear ambitions are peaceful.
The country has an abundance of energy resources - substantial oil reserves and natural gas reserves second only to those of Russia.
Full name: Islamic Republic of Iran
Population: 74.2 million (UN, 2009)
Press TV: Is the dollar in a freefall or exactly what is going on?
Keiser: Well what's going on is you have the banks in the United States committing a financial holocaust. It is probably the worst holocaust in the last 100 years. What there doing is they're destroying real estate values, jobs, wages and pensions. And they do this by flooding the market with more debt in the form of US dollars. As your package accurately said, the US has no reserves upon which to issue dollars; therefore, by definition every dollar that is issued is debt. This debt holocaust is wiping out the middle class on purpose. Because the rich people in America want to buy those houses. Those millions of houses out there that people are still living in. They want to buy them back for maybe one penny on the dollar. This is a financial holocaust by design. The American bankers are holocaust brokers. They should be in front of a human rights court and taken up on human rights abuses and all hung.
Press TV: Now Max, you're saying that it's by design for the benefit of the rich to destroy the middle class. Wouldn't that in effect destroy the economy as a whole?
Keiser: No, because if you're a Goldman Sachs banker, you are completely protected from this phenomenon. Plus you're buying gold, you're buying silver and you're buying tangible assets. So you are not taking any risks. It's okay to simply wipe out the middle class. It's a holocaust. Just like the holocaust we saw in WWII. In America we are seeing the holocaust of the middle class by a few extraordinary, greedy, corrupt bankers on Wall Street; principally Goldman Sachs, J.P Morgan and the gang.
Press TV: If the US uses the quantitative easing of printing money, do you think they want to get out of this economic downfall or do they want to continue to print the money to basically put the country more into this economic slump to benefit a few? Is that correct?
Keiser:Yes, it's a domestic terrorist attack on a sub-group; in this case the middle class. If they wanted to bring about a solution, the solution is very easy: Ring fence all the corrupt banks, put all of that bad debt behind a firewall like they did during the savings and loans crises of the 1980s. The Resolution Trust Corruption ring fenced all the debt and they restarted the economy by creating some new banks. And these new banks were able to get loans and they could create inflation, which would have the effect of stimulating the economy. That is clearly the way the solution could be offered. But this is not what's happening. So clearly we must conclude that the bankers on Wall Street our not doing the obvious solution but the complete opposite of what should be done. They are increasing the debt load by flooding the market destroying houses, jobs, wages and pensions.
Max is a former Wall Street broker.
Originally posted by airspoon
What's sad, is that this information is far more trustworthy than anything in our own media or government. I would expect our own government and their media to spin a much larger web of lies than Iran and their media outlet. But wait, aren't they supposed to be the "axis of evil"?
Irans press t.v. reveals U.S. true agenda...
I'm not defending American media. Don't be foolish. But to put PressTV up on a pedestal like that is IMO ignorant and dangerous.
If press t.v. is an Iranian government program then I can already see a big difference between their government run programs and the U.S. programs. Could you imagine if this transcript was broadcast around the U.S.?
Also where is the 'reveal', this should be struck from your title. This is a misuse of the word. It implies knowledge being imparted for the first time. We all already have this knowledge, so does max and so do hundreds of millions of others.
US Media = Bad. Nothing but propaganda
Iranian PressTV = Good. Shining beacon of truth.