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Episode 487

August 22, 2013 11:30

AFP Photo / Joe Raedle

Download video (194.09 MB)

Max Keiser and Stacy Herbert discuss the fact that banks are lobbying to force credit unions to become banks in order to destroy the Move Your Money competitive threat. They also discuss front running the NSA and the digital AIDS they’ve spread. In the second half, Max talks to former government official, Catherine Austin Fitts of Solari.com about extricating yourself from the tapeworm economy.

Comments (14)

 

John Hope 24.08.2013 15:52

Where to invest? I'd like to see an Unethical Investment Fund - investing in stuff that mankind simply can't bring themselves to do without , regardless of the cost and consequences. Oil, booze, drugs, oil, tobacco, prostitution and armaments.
Until then, hard assets are probably the way to go.

 

Robert 23.08.2013 17:55

It is not really correct to say that the system is misallocating capital. Capitalism will always allocate wealth to the top, so the current situation is a natural outcome.
The problem with any religion is the requirement to believe without proof. Thus, faith in the "invisible hand" of the market has proved no more effective than faith in all-powerful government.

 

Michael Matalucci 23.08.2013 00:23

I believe JP Morgan was able to monopolize the railroads thanks to the Interstate Commerce Commission.

View all comments (14)
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