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Thursday, November 7, 2013

Max Keiser Report: Debtonomics of Suicide (520)

In this episode of the Keiser Report, Max Keiser and Stacy Herbert burning matches at stall speed as the US is now producing as much new debt as goods and services and the rate of currency dilution exceeds the rate of production growth. And what happens when an Empire hits 'stall speed?' They plunder and steal from workers and savers through inflation; or through the NSA 'surveillance.' In the second half, Max interviews Wolf Richter about the ongoing and escalating economic fallout from the NSA spying scandal.