Keiser Report - Markets! Finance! Scandal! (E4)

This week Max Keiser and co-host Stacy Herbert look at an application for worshiping Ronald Reagan and growing fears of the next sovereign debt crisis. Keiser also speaks to economist Steve Keen about wages, deflation and zombie capitalism.

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• Markets
• Financial
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• RT
• Stacy Herbert

[toeg1]

Well done. Keen has some great points to make. His observations are very astute. I totally agree with his assessment of Friedman.

Our banksters are doing this to dominate the economy unopposed for years to come and to create as much cannon fodder as possible. And Reagan and Thatcher were their main starting points in this debacle with "trickle down economics," rightly called voodoo economics.

Americans' obsession with words is a big problem and a godsend for the banksters.

[trinomialtree]

steve keen's explanation was absolutely fabulous, concise and clear.

[KenMacMillan]

Who are the other 11 economists who predicted the crash?

[KenMacMillan]

Steve Keen 12:35

[kopi5896]

Well done. Keen has some great points to make. His observations are very astute. I totally agree with his assessment of Friedman.

Our banksters are doing this to dominate the economy unopposed for years to come and to create as much cannon fodder as possible. And Reagan and Thatcher were their main starting points in this debacle with "trickle down economics," rightly called voodoo economics.

[minami935]

I agree with "The key word of this fantastic episode was by Keen: "anti-understanding"

You couldn't describe the general american attitude to this economis crisis any better. They have this very predictable knee-jerk reaction to certain words without even thinking about them or analyzing them in a scientific way. That's one of the main reasons the situation is only going to get worse, because majority of people are clueless."

[jasperwillis5385]

Good job Max Keiser.

[claircote4416]

Good video. I like your idea.

[joshv89]

@ApocalypticAang

Yeah the US is not a market/capitalist economy,in such an economy companies don't get bailed out......

[ApocalypticAang]

"Americans are really anti-understanding-- because there tends to be a knee-jerk reaction to trigger-words..."

"...and it's them stopping you from using those nasty words that is preventing you from making the correct analysis and changing course."

LOL, sounds a lot like China before Deng Xiaoping "quelled" all ideological debates with his "black cat, white cat (who cares so long as it catches mice?)" metaphor-- which is how/why China managed to change course in the 1980s...

[ApocalypticAang]

@joshv89 Err, when businesses fail they go into bankruptcy and have their assets/activity administered by the courts/creditors, aka "nationalized"-- in fact, good bankruptcy laws (and administration) are essential to capitalist/market economies because they encourage entrepreneurial activity (risk-taking/innovation) by making provision for failures (there is ALWAYS the risk of failure in risk-taking, duh).

So are you saying banks are not businesses or the US is not a market/capitalist economy?