A rolling loan gathers no loss (E1475)
In this episode of the Keiser Report, Max and Stacy discuss the fact that Huawei has built a new smartphone without any US chips. They also discuss billionaire Ray Dalio’s warning that revolution is coming thanks to the central banks. In the second half, Max continues his interview with Dave Collum, professor of organic chemistry at Cornell University and a libertarian with an annual 'year in review' newsletter. They discuss ‘rolling loans which gather no losses’ as a strategy coming to an end at the zero bound – unless interest rates go deeply negative. They also discuss the inevitable arrival of Modern Monetary Theory or money printing for the people.
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