A new currency for global trade (E1668)
In this episode of the Keiser Report, Max and Stacy look at the Citibank report suggesting that bitcoin will be the new currency for global trade within the next seven years. In the second half, Max interviews Chris Fenton, author of 'Feeding the Dragon,' about why the United States is falling so far behind China in high tech, and whether or not a financialized economy, characterized by stock buybacks and loading companies with debt instead of R&D, is one that can ever compete against an economy like China’s, in which investment in innovation is growing.
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