Investing in a World Right Side Up and Upside Down with Chris Mayer!
Welcome to Capital Account. Ben Bernanke is on class number three of his PR blitz today, defending the Fed's
response to the financial crisis…like the federal takeover of Fannie Mae and Freddie Mac. Meanwhile, Timothy Geithner pushed for more money funneling thorough multilateral institutions that fund bailouts and other national agenda items. But if you're sick of listening to all our social, economic, and national problems – good – because today we'll focus on how to save yourself. We have investor and author Chris Mayer of Agora Financial and the Daily Reckoning in studio. His latest book, "World Right Side Up," is an around-the-world investing field trip that explores the nooks and crannies of the globe for hidden investment opportunities. From Nicaragua, to Singapore, to Argentina and Uruguay, Chris Mayer gives our audience a taste of what the future holds, where to invest, and what industries and sectors could be the most promising in the years to come.
Meanwhile, in our daily "loose change" segment, we will explore the latest developments in the Dominique Strauss-Kahn drama. Reportedly, the former IMF managing director has been charged with aggravated pimping as it is called. We explore this term, and ask if this is a one-off case, or a metaphor for a much broader practice of looting and raping by international institutions who pump and dump developing nations over and over again.