Financial War Report: Debt Bomb
The “Keiser Report” (August 25, 2012) Max Keiser and co-host, Stacy Herbert, discuss CNBC swooning for ‘Biebanke,’ Warren Buffett waving many red flags and tax revenue plummeting in the UK, after a dose of ‘Georgie Porgie’s’ bubble and fraud pudding. In the second half of the show, Max Keiser talks with Dominic Frisby, resident gold bug at Moneyweek, about debt bombs and the City of London. They also discuss how North Sea oil enabled the big bang and how a property bubble could undo it.
(RT (Home), YouTube, 280 on ‘Dish‘ Network & 103 on Comcast)
Max Keiser‘s “On The Edge”
With Economics Professor, Steve Keen (Aug 25,) (From “Wikipedia”) Steve Keen, is a professor in economics and finance, at the University of Western Sydney. He classifies himself, as a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen’s thinking about economics include; John Maynard Keynes, Hyman Minsky, Piero Sraffa, Joseph Alois Schumpeter, and François Quesnay. He also gives credit to Marx for contributing to the “financial instability hypothesis” of Hyman Minsky. His recent work mostly concentrates on mathematical modeling and simulation of financial instability. He’s a Fellow at the Centre for Policy Development.