icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Plenty of ‘vomit fraud’ in US economy & the Fed is charging you for it - Max Keiser

Plenty of ‘vomit fraud’ in US economy & the Fed is charging you for it - Max Keiser
In the latest episode of the Keiser Report, Max and Stacy analyze a recent policy shift announced by the US Federal Reserve and compare it with a fraudulent scheme.

Max referred to reports about the latest Uber scam called “vomit fraud.” After dropping off a client some drivers claimed passengers made a mess in the back seat, fraudulently charging them a cleaning fee under the terms of the app agreement.

“There is plenty of vomit fraud in the United States’ economy and its perpetrated by the Federal Reserve bank … We’re being charged for the vomit fraud,” Max Keiser said as he discussed how the bankers issued unpayable debt and dumped it on ordinary people.

He added that “vomit fraud” could apply to such bad policy decisions as the unlimited expansion of its quantitative easing program that caused huge malinvestment and the bailout of insolvent banks.

“Every major bank in the world commits vomit fraud. And every major population in the world has to pay for it,” Keiser said.

For more stories on economy & finance visit RT's business section