In this edition of Press TV's On the Edge, discusses the crisis in the energy market and its relation with the credit market. Max Keiser and his guest, Gregor Macdonald, basically argue that the two issues are strictly tied to each other and the fall in production of oil, puts the credit market in danger. Ironically, a sharp increase in fossil fuel production has triggered a climate change and has made the coal industry, for instance, to go offline.
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In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the modern economic, financial and monetary system in which one who has faith, no explanation is necessary. And yet to one without faith, no explanation is possible. And once no explanation is possible - hyperinflation and economic disorder ensues. In the second half, Max continues with his interview of Professor Richard Werner, who, in the early 1990s, coined the phrase ‘quantitative easing.’ Together they take a look at the monster which QE has become.
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