Episode 533

Max Keiser and Stacy Herbert discuss the major trade deal struck by David Cameron during his visit to China, where the UK won the right to export pig semen. And despite the upbeat words during George Osborne’s Autumn Statement, Max and Stacy note the actual facts on the ground, from the biggest draw down on savings in 40 years to a 5000-pound collapse in median household income to a doubling of malnutrition cases at English hospitals, the real economy seems to be shrinking at an ever faster pace. In the second half, Max debunks Osborne’s economic policies with the help of Professor Steve Keen, author of Debunking Economics. They discuss the bureau-crazies and the financial-political complex which has destroyed the economy and Keen notes that the Dodd-Frank Act got rid of Section 13.3 of the Federal Reserve Act which would have allowed the Federal Reserve to bailout the public rather than the banks.