“The only way you can rationalize what the American policy makers are doing is to see it in the context of a suicide cult,” Max Keiser said.
“What we are witnessing is the US effectively committing financial suicide. You’d have to compare [it with] maybe a death cult like Jim Jones in Guyana who convinced the entire population of the cult to drink the cyanide-laced Kool-aid and to kill themselves,” he added.
The finance critic argued that US policy makers want “to continue invading countries, blow through trillions of dollars that they don’t have, while simultaneously gutting all the manufacturing capacity in the country and destroying the food supplies with chemicals and genetically modified products (GMO), guaranteeing that most of the Americans today will come down with cancer in the next five to ten years from GMO foods, cell phones and anything else that America excels at.”
He said the objectives of these policies are to steal the wealth of the US middle class and to make “the entrenched oligarchy and kleptocrats that are in charge of the country richer than ever before.”
Keiser pointed out that US President Barack Obama is playing a key role in this process which is “the largest transfer of wealth in the history of the US, [one which is] creating a permanent underclass with no jobs, living on food stamps and… people on the verge of rioting in the streets.”
The analyst also accused Obama of abandoning US citizens, saying that the president is “like a captain who has left the ship.”
Keiser predicted a gloomy outlook for the US economy, adding that Americans should expect higher food and energy prices, with the poverty rates also rising.
On Thursday, Moody’s Investors Service warned that it might review the US for a possible credit downgrade amid concerns about the current national debt crisis coming to more than USD 14.4 trillion.
Bank of America, Citigroup and Wells Fargo Co. may be downgraded by Moody’s, the provider of credit ratings and research covering debt instruments and securities, as the rating firm reviews whether the government will limit its support of the largest financial firms.