Russia's gold & near-zero debt give it best chance of thriving in post-coronavirus apocalypse – Max Keiser | WHAT REALLY HAPPENED

Russia's gold & near-zero debt give it best chance of thriving in post-coronavirus apocalypse – Max Keiser

The coronavirus pandemic has popped a quadrillion-dollar financial bubble and we can expect a very deep and prolonged period of adjustment, RT's veteran business commentator Max Keiser believes.

The financial crisis, which many believe we have just entered, stems from the times of Ronald Reagan and Margaret Thatcher, with the establishment of 'neoliberal' policies "that enriched bankers and destroyed workers by giving bankers free reign to borrow and speculate without oversight or accountability," Keiser told RT. Now, governments will have to adjust to a new reality, and having a low debt and massive reserves could be the trump card, according to the former Wall Street stockbroker.

"Russia has the best hand at the geopolitical poker table. The Kremlin, for 20 years, has been doing the opposite of everyone else by reducing their national debt to near zero, and buying thousands of tons of gold while simultaneously raising living standards," he said.

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