In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the warty sea walnuts that are the populations floating through credit space seeking to soak up more debt to feed the pool of derivatives and fraud in which they live and breathe. In the second half, Max interviews coder, hacker and author, Andreas Antonopoulos about Bitcoin. While, at the moment, Bitcoin is a shallow pool of volatility, it cannot be uninvented and is a a way of achieving consensus on a distributed ledger of assets without the ability to cheat. Its role as a currency is just the first 'app' on the bitcoin network; other applications could be stock exchanges and peer to peer lending.
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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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