On the Edge with . . . Steve Keen (2/2)

http://maxkeiser.com

Category:

News & Politics

Tags:

• max keiser
• steve keen

[flyhead2]

What you have now is worse than nationalization. Tax-payer money going into the coffers of pirates without public oversight, with the tacit understanding that there will more money to the few banking behemoths if needed.

And then there's the Keynesian policy of injecting huge sums of government money into select defence contractors, which none of the Free Market fetishists complain about. Why? Because it is done to 'defend the Capitalist System'.

[TonyUnplugged]

Let the banksters fail. China is refusing to pay trillions in derivatives losses to the crooked banksters. F U Goldman Sachs.

[unabonger777]

guy is right. problem is, the government can't even discuss this, because if they did it would cause an instant stampede for the exits. it's going to have to be done sooner or later, the question is how to do it without creating a panic.

[Tobacc0]

Writing from Japan I can say Steve Keen has it exactly right, which is why his advice will never happen. The Banksters would prefer a 100 years of misery than be wiped clean. They hold such a throttle-grip on world governments that it will need The Revolution. Every country (incl. much of China's local governments) is in debt. Not so much is owed to pensioners' and widows' funds as banks claim. They can be kept whole. But the vast majority is owed to a handful of shadowy owners aka Rothschild

[wiggledytoes]

Do it, cause even an idiot can see what ever theyre doing now isnt working. One day were try something new. Sooner rather than later i hope.

[whereismybailouttv]

Keen should run for Prime Minister. Who's with me?

[LuqmanNaq]

@The funny thing is if you think peter schiff is right (inflation) or Steve keen (deflation), we are screwed no matter what... There track record speaks for itself, and they both agree we are heading for a major crash, just via different routes.

[0muffins0]

OMG ... did he say that at 6:15?!?!

[MichelleNye]

Remove interest rates, the debt is not the problem, yes a 21st century Jubilee. To give you some idea, why have currency based on gold, why not on resources, each nation has a resource in people or in possessions. Australia has the worlds largest iron or, aluminium etc, the true value of the worth of each Aussi is in fact stolen by the system, a series of government that have given into corporate greed, get rid of the banks, stock market, interest rates

[SpunkyyJoe]

Steve Keen is a hero, only an Aussie economist could come out with the line "stop these financial bastards".... superb. Steve Keen tells it how it is, and probably how it will be.

[Choros22]

I agree. He does not seem to take into account the vast dollar holdings in foreign countries and when they move out of the dollar and the federal deficits and 0% cashrate continue it will make individuals loose confidence in the value of the dollar this will lead to a rise in velocity of money and this will be when the inflation strikes. In my view it could be as bad as hyperinflation.

[chainzdown2dadik]

private banks are granted the privilege to engage in fractional reserve banking by loaning out up to ten times as much "money" than they have in actual reserves. the only reason this is sustainable is because the federal reserve will bail them out when the bubble bursts.