Wednesday, October 2, 2013
Camerons pyramid scheme exposed.
We discuss the paradox of negative side effects warnings driving an increase in sales to consumer chumps and how this applies to David CameronÃ¢Â€Â™s economic policy of a housing ponzi scheme. In the second half, Max interviews Satyajit Das, author of Extreme Money, about QE Forever as the Strawberry Fields of our day and about terming out the debt in Europe until eventually we have 99 year loans paying zero percent interest. And, finally, they discuss the reality that we are living in a hedge fund world operating on the tactic that too big to fail banks are now the equivalent to sovereigns.