Episode 557

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss accounting fraud as the new opium for China and how it is that we keep roundtripping to financial crisis because every time we get to tomorrow we’ve already spent it yesterday. They also discuss raining the marmite of fraud on a 10-foot-tall Janet Yellen. In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the unintended consequences of money printing, the China mirage where the GDP statistics are for “reference purposes only” and about later this year when Greece will also “roundtrip” its way to a 3 percent GDP growth mirage.