Give us this day, our daily billions (E1461)
Max and Stacy discuss the crybabies on Wall Street begging for billions and living in constant fear while the rest of the economy continues to live and thrive in the real world without non-stop free money. The tale of these two economies is one where money velocity is zero for the top 1% with their over $30 trillion in wealth, at least $4.7 trillion of it sitting there as dead money in zero percent bank accounts. Max continues his conversation with Gerald Celente of TrendsResearch.com about repo markets, ‘balsamic smiles’, China’s gold buying, and Mark Carney’s recent suggestion that an IMF-backed synthetic cryptocurrency should replace the US dollar as a unit of account for global trade.
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