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Episode 304

June 21, 2012 00:00
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­In this episode, Max Keiser and co-host, Stacy Herbert, discuss economic Jack and the Beanstalk style miracles that look a whole lot like simple ponzi schemes that Lilliputian financial journalists fail to report. In the second half of the show Max talks to Satyajit Das, author of Extreme Money, about the European debt crisis, how much longer Germany can stay solvent and whether German banks would have survived if the Irish taxpayer had not bailed them out in the first place.

Comments (22)

Brasivnika 10.08.2012 11:35

I really do enjoy Max's show. He has a keen and witty sense of just about everything going on in the global shady economic underworld. The light-hearted way he perceives the whole jumble of corruption in the banking systems is one of the things that keeps me coming back to watching this. he's a good man and quite the entertainer. 

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Malcom Kay (unregistered) 30.06.2012 13:56

Satyajit Das, the Anglo-Indian ,British empire cultural warrior makes some of the most racist and absurd statements I have ever heard on your program. His racist remarks about Germans have no place in a serious forum . He makes the nonsense assumption that Germany  is profitting from the low Euro. The Euro has only recently fallen, till to 2011 the Euro appreciated by 70 % against the US dollar.German exports continued to do very well even with the appreciation of Euro against all other currencies because German products are not that price senstive as they produce quality well engineered products. To suggest that Germany has gained from the Euro is absurd, the transfer payments to the nations like Greece would have been better spent on funding research and development , infrastructure projects in Germany rather than the spending German taxpayers money on propping up the corrupt Greek state.

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JayT (unregistered) 28.06.2012 10:07

Yes, "Calm down Max". No things are not rosy in Europe. If you factor in unfounded liabilities (about 200%-400% of GDP) then it's clear Germany is already not in a position to pay it's debt. It's a myth that Germany is stable in the same way the myth is perpetuated about the UK. When there is a credit event, all the skeletons will come out of the closet!

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