Governments and banks are the only winners with fiat currency, says Max Keiser

Governments and banks are the only winners with fiat currency, says Max Keiser


Using the analogy of a Hi/Lo poker game — a variety of poker which crowns the highest and lowest hands as victors — broadcaster Max Keiser explained citizens will ultimately lose when it comes to holding government-issued currencies. 

“Unless you’re a country, that can make money by debasing your currency, by getting kickbacks from Wall Street who packages all those currencies in the form of negative rate interest-rate bonds, then you only have one choice,” Keiser said during an Oct. 15 episode of his show, the Keiser Report, adding:

“You can only try to win the hand with the high hand: gold, silver and Bitcoin. You can’t win playing the low hand unless you’re a sovereign state or a major investment bank, and that’s the game today.”

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