Peter Joseph: Capitalism will fail
Here in the US, the latest debate about the economy has to do with wages. At the center of the debate is the Fed, which began dialing back its Quantitative Easing program in December at a pace of $10 billion per month. That puts the Fed on course to end QE by the end of this year. But the question is, what next? Well, the next step is rate hikes, but then the question becomes - when? Erin takes you through what this means for the US economy.
Erin brings you part two of her interview with Peter Joseph, filmmaker and founder of the Zeitgeist movement. He talks about Malthusianism and why it is outdated. He also talks about the insolvency of global debt, the energy crisis, and unemployment as three nails in the coffin that will lead to social destabilization.
To round out the week, Erin brings you the week's best clips. Dennis Gartman, Jim Rickards, Thomas Palley, and John Mauldin all weigh in to give their opinion about the macroeconomic outlook of the US and abroad. We end the show with our viewers' comments and questions.
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