Keiser Report: Debts & Slavery (E193)

This week Max Keiser and co-host, Stacy Herbert, talk about 'capitalist gangbangs,' JP Morgan's 'way forward,' and why 14 trillion no longer scares us. In the second half of the show, Max Keiser interviews Satyajit Das about the conservation of debt and slavery, extreme money and #occupywallstreet.

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[hodoprime]

Ron Paul predicted the collapse and excruciatingly slow recovery. I'm voting for him. END THE FED! Stop the next bubble.

[LordDyhalto]

@xposelite

20 years of prosperity is not an impressive feat.

I could nitpick the shortcomings and pitfalls of communism, but given that it always ends in labor camps and mass graves, it speaks for itself.

[michael616joaquin]

does the guest even get that the fed print money at interest which leads to debt when the nation could do it for free?? he's a retard when it comes to the basics..bankrupt a nation or let them run themselves?

[javabarbarian]

@Mezocosm I usually am a fan of Max, but I don't always agree with 100% of what he says. It's been a while since I've seen this video, but I don't think his point was Groupon not running health care deals - it was why can't the gov't offer a Groupon-like service for health care. As long as it's not mandatory participation, a state gov't could and I'd have no problem. The feds have no business being in healthcare - not in the Constitution. I understand fascism just fine, thanks.

[xposelite]

@LordDyhalto the communism ended with the murder of Stalin. Then the same banking cartel that did the revolution back in 1917 took over again and played the game of SU versus US. SU is a history, now it's US turn. Stalin grabbed the power from banksters shortly after Lenin's death and turned against banking cartel. He didn't fall for Bretton Woods scam and ever seeing eye spent another 40 years of bringing SU down to its perils. The official history is pretty much a lie. Flip everything 180 deg

[notpcone]

@ngonea Never thought of it that way. But, sadly you are correct. If I don't pay my real estate taxes, they TAKE my home. If I don't pay for my car insurance/registration fees, I cannot drive my car. It's all Hype. We, the people, are Mice in their Cage.

[xposelite]

@crazeyspivey it worked fine in late 40th, early 50th in Soviet Union. Prices were going down every year and salaries were going up (keep in mind that country was practically ruined by WWII just a few years back). People could plan their lives knowing the next year it'd be a little easier. Also, money didn't lose its value because there was no bank interest. There was NO inflation.

[xposelite]

@LordDyhalto "when you get into trying to match the money supply to GDP, you get into centrally planned economy which never works." it worked just fine in late 40th and early 50th in Soviet Union. Every spring prices on many commodities and food items were going down (and salaries were going UP) and a list was published for public in advance so people could plan their lives knowing that the next year their life would become a little easier and better & money didn't lose - because of no interest

[LordDyhalto]

@xposelite

If there were no interest charged, nobody would make loans because they would lose out on the time value of money (unless forced to by legislation). And when you get into trying to match the money supply to GDP, you get into centrally planned economy which never works.

Don't worry about interest rates. They often find fair value when the borrower/lender enter contract. Real borrowers tend to know what they're doing. It's credit cards that do most of the loan sharking.

[xposelite]

@LordDyhalto as I said the amount of money must reflect amount of goods. If it's higher, it's inflation, if it's lower it's deflation. It's simple as that. I don't get it why if no interest charged then it would create deflation? Just regulate the money supply to reflect real GDP but interest promotes printing more money and that creates inflation and devalue the currency