We discuss the government’s economic policies apparently cooked up in a crack den – literally! Tabloids in the UK claim to have footage of the Chancellor’s top economic adviser smoking crack. We also look at the economic policies this man may have been pushing and at how they cause effects very similar to those of crack cocaine.
In the second half, Max interviews Professor Richard Werner, who, in the early 1990s, coined the phrase ‘quantitative easing.’ Together they take a look at the monster which QE has become.
One of Chancellor George Osborne’s senior advisers on economic policy has been captured on video smoking crack cocaine in a drugs den.
Prof Douglas McWilliams, who last year estimated we would all be £165 a year better off by the election, is seen inhaling it through a glass tube at a flat in North London.
The executive chairman of influential City think-tank the Centre for Economic and Business Research then slumps dazed on a sofa after repeatedly smoking on the makeshift crack pipe involving a miniature Martell Cognac bottle.
We discuss bankrupting nations through inflation and/or war. We look at the new bond coin in Zimbabwe where the US dollar is preferred and then to central banks where gold is preferred over the US dollar. So many fools, not enough currencies. In the second half, Max continues his interview with Liam Halligan, editor-at-large at BNE.eu and columnist at the Telegraph, about the latest on the unpayable debt crisis in Greece and about which nation will be the first to exit the euro.
We discuss the impossible demand from the Greek voters that both austerity ends and that they remain in the euro as currently arranged. They also look at a parallel ‘future-tax’ crypto currency as a possible answer to Greece’s problems. In the second half, Max interviews Liam Halligan, editor-at-large at BNE.eu and columnist at the Telegraph, about the latest on the unpayable debt crisis in Greece. Liam suggests a Grexit will happen but that Greece won’t be the first European nation to leave the euro.
In this Keiser Report, we discuss removing the document to remove the men who rule our bureaucratic world – from their mountains of derivatives paperwork, which has added nothing to global GDP to the piles of QE, which has added merely more paper gains to an over-bloated stock market.
In the second half, Max interviews David Graeber about his new book, The Utopia of Rules: On Technology, Stupidity and the Secret Joys of Bureaucracy. They talk about the Sovietization of capitalism as more and more paperwork and more and more contracts are required for the simplest of every day financial exchanges. Max introduces the concept of a Fee-ocracy which believes in the ideology of fee-ism, whereby spinning enough contracts and debt makes us all rich as epitomized by the practice of Quantitative Easing which is printing paperwork.