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Episode 482

August 09, 2013 11:30

AFP Photo / Bay Ismoyo

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Max Keiser and Stacy Herbert discuss the KK Ho of central bankers, Mark Carney, seeking ‘escape velocity’ while impersonating a bond trader. They also discuss the dreadful summer wind for the currency impersonating a reserve as good as gold. In the second half, Max talks to Robert Prechter of ElliottWave.com about debt, deflation and hyperinflation. Regarding the latter, Prechter asks, “If central banks were interested in hyperinflation, then where were the helicopter drops for Cyprus?” As there is no such thing as magic money, it won’t happen, he says.