Max Keiser Quotes

You look at what China is doing to our country in terms of making our product. They're devaluing their currency, and there's nobody in our government to fight them. And we have a very good fight. And we have a winning fight. Because they're using our country as a piggy bank to rebuild China, and many other countries are doing the same thing.

The problem of indebtedness is part of a larger and more comprehensive problem, namely the existing imbalances in the international economic order.

Our jobs are fleeing the country. They're going to Mexico. They're going to many other countries. You look at what China is doing to our country in terms of making our product. They're devaluing their currency, and there's nobody in our government to fight them. And we have a very good fight. And we have a winning fight. Because they're using our country as a piggy bank to rebuild China, and many other countries are doing the same thing.

America's in deep trouble. We don't know what we're doing when it comes to devaluations and all of these countries all over the world, especially China. They're the best, the best ever at it. What they're doing to us is a very, very sad thing.

The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.

America doesn't make product anymore. You have other countries devalue their currencies. They make it impossible.

As President Obama clearly said just a few months ago, China must play by the international rules, the international trading system from which they've benefited so much.

It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it.

To try to correct imbalances with trade restrictions is a grave error.

There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.

Hegemony of the dollar.

Were we to find ourselves in a world in which there was a very significant amount of dollarization, … it would be in the political interests of certain parties in other countries whose policies were less than perfect …, to blame us as the root of their problem.

American policymakers have a choice to make in trade relations with China. They can side with the importers and outsourcers, and stand by passively as China takes advantage of its WTO membership and access to the U.S. market, abusing its own workers and artificially undervaluing its currency in order to undercut American workers and domestic manufacturers. Or they can take a stand for American jobs and act now to ensure that China plays fair in the global economy.

It is as easy to bemoan a lack of U. S. financial leadership as it is difficult to substitute for it..

A trade war between the U.S. and China would hurt both countries, but there is reason to believe that the U.S. has more to lose. Today, 80% of global trade comprises international supply chains,” she writes. “Declining trade costs have allowed firms to splinter their production lines geographically, with goods processed and value added in multiple countries along the chain. If China threw a handful of sand in the gears of these chains, it could disrupt entire production networks, doing serious damage to the U.S….

A trade war would be a disaster for the world. It's very easy to slip into a trade war.

If the United States loses the economic weapons of control, it is very much weakened.

I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term.

Trade wars in which countries are then obliged to retaliate by raising their own tariffs against the initiator undermine growth and hurt consumers. Far from being expressions of strength they highlight the failure of the initiating country's economic sector to compete in the global market place.

All Americans should be concerned about the potential for China to replace the United States as the most important economy in the world.

China is not an economic enemy or existential national security threat to the United States.

Years of passivity and drift among U.S. policymakers have allowed the U.S. - China trade deficit to grow to the point where is widely recognized as a major threat to our economy.

You have companies over in different countries where they devalue their currency and they make it impossible for American companies to compete.

We need to fight protectionism with everything that we have because when there's a level playing field and when you have open markets and when free trade is flourishing, American workers, American farmers, Americans are going to benefit.

Now, many Americans fear that China might grow too strong ... I'm more worried that America might be getting too weak. It's not bad for the United States if other nations have a strong economy. One fewer hungry-mouthed country wanting us to take care of it and its people is great news. If they have money, maybe they will buy the things we innovate and make.