We look at the geology of earthquakes in order to understand economics and finance. In the second half Max interviews Pierre Jovanovic, author of the upcoming book, The History of John Law, about the matter of Madame Christine Lagarde and about the current economic crisis in the tourism industry of France.
We warn hipsters, “Don’t let the hippie man keep you down.” As the intergenerational baton is passed to a bigger voting bloc called ‘Millennial’, we look at the economic consequences to all the Ponzi and pyramid schemes which worked well for the Boomers. Max interviews Wolf Richter about the real numbers behind US income data and Germany’s export plunge. They also discuss whether or not Deutsche Bank can survive these days of major fines.
We discuss the lessons from Calvin of Calvin & Hobbes fame on the exorbitant privilege of unfairness for bankers. We look at the game theory behind Deutsche Bank’s too big to fail, too broke to punish sweet spot as it attempts to ‘negotiate’ with the U.S. Department of Justice. In the second half, Max interviews precious metals expert, Ned Naylor-Leyland of Old Mutual Global Investors about gold – the original denominator – and about return-free risk in the negative yielding bond markets.
We discuss the ‘Ukrainian chicken moment’ in the bond market and ‘adorable Uncle’ Warren Buffett’s Berkshire Hathaway subsidiary being sued after allegations of ‘siphoning’ money from bike couriers through complex derivatives masquerading as insurance products. In the second half Max interviews Michael Krieger of LibertyBlitzkrieg.com about the global extinction level event he sees on the world’s economic horizon.
We discuss negative interest rates, bans on cash and the one-percenters destroying dollar stores. In the second half, Max interviews James Turk of Goldmoney.com about the basket of deplorables that is the US economy. They also discuss gold standards and Special Drawing Rights.
We discuss the basket of deplorables and the fistful of dollars that is the toxic soap opera called US Elections 2016 in which that “basket of deplorables” is not the bankers with the fistful of campaign dollars, but the schmuck voter. We also look at one deplorable bank, Wells Fargo, which has had to fire 5,300 of their employees for engaging in yet another bout of systemic fraud. In the second half, Max interviews Jaromil of Dyne.org about the latest in cryptocurrency markets and the lessons we might learn from Ethereum and now Monero.
We ask whether there is something sinister about putting a leprechaun in the workhouse? Or is there comfort in that it will not pay tax? In the second half Max interviews Constantin Gurdgiev, Professor of Finance at Middlebury Institute of International Studies, about the Apple tax ruling and Ireland’s fight to decline the €19 billion payment due.
As the clod called Britain is washed away by the “Brexit means Brexit” vote, Max and Stacy ask if Europe will be worse off? Or will the trading bloc hardly notice? In the second half, Max interviews Liam Halligan on what “Brexit means Brexit” actually means and about the rise of protectionism.
We discuss the new m-SDR and ask will the dollar live to die another day? And are SDRs forever? As the G20 in China concludes, we ask whether the new Special Drawing Right is the first step toward one world currency? In the second half, Max interviews Dan Collins of TheChinaMoneyReport.com about yuan internationalization and China’s quantum satellite.