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Episode 416

March 08, 2013 13:49

AFP Photo / Michael Nagel

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Max Keiser and Stacy Herbert discuss both the Dow and bitcoin hitting an all-time high as the Fed continues to print $85 billion per month for Wall Street handouts while the sequester cuts $85 billion from services to the poor, the elderly and soldiers. They also talk about house prices tripling to all-time highs in Hong Kong (thanks to quantitative easing) whilst ‘surreal’ ghost cities are built in mainland China, but which nobody can afford and about how incomes in America are collapsing - thanks to quantitative easing. In the second half of the show, Max talks to Charles Hugh Smith of about both socialism and capitalism leading to debtism.