Episode 623

Max Keiser and Stacy Herbert discuss the central banking model of passing off down-market potato wedges of cheap money for high-end, luxury housing bubbles. No value has been added, no wealth created and yet the fraud continues. They talk about the reverse process of taking the National Health Service in the UK and turning it into a down-market privatized entity. In the second half, Max interviews Jeffrey Sommers, professor at University of Wisconsin-Milwaukee about a new book he’s edited with Charles Woolfson called, ‘The Contradictions of Austerity: The Socio-Economic Costs of the Neoliberal Baltic Model’. In particular, they discuss the economic miracle that is NOT Latvia and how Swedish bankers are acting as conquistadors in Latvia.