Episode 394

January 17, 2013 07:30

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Every week Max Keiser looks at all the scandal behind the financial news headlines.

In this episode, Max Keiser and Stacy Herbert discuss the risk of toxic derivatives, annoying neighbors and Glenn Beck’s ‘libertarian’ paradise. They also examine the belief that markets can predict stock prices, which they can’t. Unless they’re rigged, which they are. In the second half of the show, Max Keiser talks to Nick Dunbar, Bloomberg journalist and author of ‘The Devil's Derivatives’ and ‘Inventing Money,’ about the M.C. Escher painting that is the global derivatives market: Bankers are trading an option on an option that is a bet upon a bet, upon which there may be no collateral.

Comments (17)

fiddlerpaul 21.01.2013 22:32

romanmir wrote in #3 11:20 - "the libertarian crowd, the austrian school to some degree has obliterated ... environment" - what a bunch of complete nonsense.

Tha t's right. I can't believe someone who gives out such usually thoughtful truth about economics can say this. It's obvious that its the Keynesians who have the hammer in our current world order, not the
Austrians. The Austrians would love to get their hands on the current crazy debt laden reality and bring it back to reality.

It's the property rights that prevent pollution, the government steals individual liberties and sells them to the highest bidder, and the mob cheers forward because it was promised another few years of 'free' bread and circuses.

Max as per his usual self cannot run a single show without sounding like a bafoon.

romanmir wrote in #3
11:20 - "the libertarian crowd, the austrian school to some degree has obliterated ... environment" - what a bunch of complete nonsense.

The libertarian crowd, the austrian school? BS. Government's policy of helping monopolies and destroying ability of new business to compete by government giving preferential treatment to large businesses that end obliterating PROPERTY RIGHTS.

It's the property rights that prevent pollution, the government steals individual liberties and sells them to the highest bidder, and the mob cheers forward because it was promised another few years of 'free' bread and circuses.

Max as per his usual self cannot run a single show without sounding like a bafoon.

Undo

mike (unregistered) 20.01.2013 03:28

to, Danny Esposito (unregistered) He is just trying for a joe 6 pack to get it...nick speaks a different language...

Undo

mike (unregistered) 20.01.2013 03:22

Danny Esposito (unregistered) wrote in #1 Max I love your show but could you PLEASE limit your questions and allow Nick Dunbar to TALK.

Undo

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