Last of the fiat notes (E1413)
In this episode of the Keiser Report, Max and Stacy discuss the stupidity of negative interest rates as $13 trillion in negative yielding debts get forced onto pension funds which are guaranteed losses on their investment. They also discuss why Alan Turing should be on the £50 note, it’s very fitting that the man most responsible for setting in motion the demise of fiat should grace the last of the fiat notes. In the second half, Max talks to Chris Martenson of PeakProsperity.com about the choice between ‘greatness and oblivion’ in our environmental and economic policies going forward. They also discuss whether or not the US can go negative on its sovereign debt yields and still retain its reserve currency status.
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