Every week Max Keiser looks at all the scandal behind the financial news headlines.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the memory of our living economy and consumers in the life of the dead banks, markets and economies. They look at the collapse of the Baltic Dry Index, the slow death of the markets as spoofing and HFT front-running fraud take over where real price discovery once lived. They examine the booming stock prices of legal heroin dealers in America, where an historic spike in overdose deaths is taking place. In the second half, Max interviews Sandeep Jaitly of Fekete Research. They chew over QE, ongoing since the 1920s, and note the only thing different today is that the central banks have moved further from the yield curve. Sandeep also suggests Carl Menger (were he to be brought back from the dead to run our economy), would immediately expire at the sight of our notion of ‘public debt.’
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