Chris Martenson on Shadow Bankruns and how Central Banks are Missing the Boat!
Welcome to Capital Account. Herman Van Rompuy has a plan for more European Integration. This is the man that Nigel Farage “called out” in the European Parliament not long ago, as being a nobody – someone that “no one had ever heard of.” That’s not the case anymore. Now everyone knows who Van Rompuy is, whether they like it or not. He's made headlines recently with a reportedly scaled back version of a plan for the future of the Eurozone to be debated at the EU summit this week. A frequent guest of the show, Nigel Farage, has expressed his displeasure with Van Rompuy in the past, but it now appears that he may not be the only prominent personality to do so. Germany appears apprehensive about the plan, as it has been recently downgraded by Egan Jones. We’ll discuss this with our guest Chris Martenson.
Meanwhile, is 2012 looking more and more like the new 2008? And as we head towards Independence Day for the US, is interdependence day more like it when we take into account the global banking system? We may not know when and exactly how a crisis could strike, but do we already have enough information to know a bit more about how destructive it could be? Chris Martenson, author of the Crash Course will be here to tell us. He is also speaking at Kripalu, in the Berkshires of western Massachusetts this weekend for those ambitious enough to attend his lectures, we’ll tell you how you can register later in the show.
And on today’s Loose Change, we cover, amongst other topics, Steve Keen’s recent appearance on a Spanish video that has gone absolutely viral. Looks like neoclassical economists are running out of casas to hide in!