Printing money, chopping down trees (E1481)
In this episode of the Keiser Report from Rio de Janeiro, Max and Stacy note that the chopping down of the rainforest has accelerated during the final months of the year. At the same time, out-of-control money printing from the Federal Reserve is sending stock markets to new all-time highs. In the second half, Max continues his interview with private equity investor and former banker Robert Wilson, who has lived in Brazil for over twenty years. They discuss the sound economic arguments for maintaining the Amazon rather than chopping it down for timber. The unique flora and fauna found in the region make it far more rational to keep the rainforest and make money from the long-term intellectual property prospects. They also discuss China’s important trade relationship with Brazil and the need for greater immigration into the country.
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