This time Max Keiser and co-host Stacy Herbert report on insider trading in the prediction markets and the billionaire boom and the scary rich outside America. Keiser also speaks to Kate Pickett, author of “The Spirit Level: Why More Equal Societies Almost Always Do Better” about the consequences of inequality.
Every week Max Keiser looks at all the scandal behind the financial news headlines. This time Max Keiser and co-host, Stacy Herbert, look at the scandals behind ‘debt attacks’ on Spain and Greece; record short positions on the euro and whether Shanghai will be the next financial crisis. Keiser also talks to Steve Keen for an update on the Australian housing market, the continuing deflationary collapse and the chances of unrest.
This week Max Keiser and co-host Stacy Herbert report on the scandals of George Soros and the IMF shaking out the gold market; US bank lending falling at the fastest rate in recorded history; and the trickle up unemployment pyramid. Keiser also speaks to The Market Ticker’s Karl Denninger about cdos, synthetic cdos and hiding Greek debt.
stimulate economic growth. For the last few years money growth in the US has been over 10 percent, much higher than the growth of the economy (GDP). This does stimulate the economy, but the dollar also looses it’s value (inflation). New money (credit) is not given to economic participants but lend to them. By now the American consumer is deep into debt (mortgage) and the US government too (bonds). Total debt in the US is over 40 trillion dollars. Total debt is 330 percent of GDP, in 1929 …
Lowest borrowing in seven decades finance.yahoo.com Geithner & his crooked self finance.yahoo.com Britches on fire finance.yahoo.com The media focuses on horrific spending done by nut job celebrities while China conserves. Kate Gosslin’s new mop = Grand!! go anywhere, the media seems to love this story.
. The US will experience economic disintegration. The 2010 Food Crisis Means Financial Armageddon Over the last two years, the world has faced a series of unprecedented financial crises: the collapse of the housing market, the freezing of the credit markets, the failure of Wall Street brokerage firms (Bear Stearns/Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG, Icelands economic collapse, the bankruptcy of the major auto manufacturers (General Motors, Ford, …
The economy will collapse. It’s absolutely certain, and it’s only a matter of time. Yahoo finance link 1 - Gulp! finance.yahoo.com Yahoo finance - no double dip finance.yahoo.com