Ponzi masterminds (E1684)
In this episode of the Keiser Report, Max and Stacy look at the easy sell of Ponzi economics as the human imagination prefers the fantasy of impossible gains to the hard slog of actually producing or manufacturing profits. In the second half, Max continues his interview with Rick Ackerman, a market analyst and former market maker, who argues that gold is the only asset class at the moment not in a bubble, and that it is, in fact, completely reviled.
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