We look at the latest BIS warning of a global credit bubble caused by zero percent interest rate policies meant to appease the angry hidden people in the shadow banking system. In the second half, Max Keiser talks to David Smith of GenevaBusinessInsider.blogspot.com about the Swiss currency peg, the global game of honesty limbo in the financial sector and hoping that midnight never comes for Alice in Switzer-land.
Headlines and relevant links:
- World risks fresh credit bubble, Switzerland’s BIS warns
- The Icelandic Economic Miracle: Where does the money come from?
- Icelandic town hopes angry elves have been soothed by songs
- The Manchurian Coin #trilliondollarcoin
- QE3, Treasury Style
@keiserreport Love the opening!I’d liken it to watching Poe perform Shakespeare…
— phil conway (@_phil_conway) December 11, 2012