We discuss the return of fear as global stock markets begin to wobble. We also examine the role of central banks in performing magic tricks that are far too convincing, thus conning investors to misallocate capital. In the second half, Max interviews investment banker and author Chris Whalen about global stock markets and the perhaps unpayable debts of many nations, states and municipalities around the world – including Puerto Rico and Chicago.
We discuss BP settlements, fracking abandonments and Uber’s balance sheet. In the second half, Max interviews ‘America’s Lawyer’ Mike Papantonio about Loretta Lynch, Eric Holder and the failure of the left and progressive wing in America.
On the beach in Miami, we ask Reggie Middleton whether Miami really is the fraud capital of America. In the second half, Max continues his interview of Steve Dibert of MFI-Miami.com about mojitos, fraud arbitrage and whatever happened to Mers.
We discuss Miami’s fear of that good old capitalist thing – competition – coming from Cuba. The city is struggling to find sand in order to compete with the finer beaches of their new friend and competitor. In the second half, Max interviews Steve Dibert of MFI-Miami.com about mojitos, fraud arbitrage and whatever happened to Mers.
We discuss the $32 trillion in pointless trading each and every year, which results in bankers and brokers getting rich at the expense of churned chumps. In the second half, Max interviews Janet Tavakoli of Tavakoli Structured Finance about the latest use of derivatives to transfer wealth from the general fool public.
We discuss the very un-Norman Rockwell-like shakedowns of poor communities across America resulting in the increasing confrontations between the police sent to collect for local bankrupt communities and the poor suckers who are plundered. In the second half, Max continues his conversation with Mike “Mish” Shedlock, of globaleconomicanalysis.blogspot.com, about Chicago’s junk debt situation.
We discuss the ‘great manufacturing meltdown’ in the ‘great state of Chicago.’ In the second half, Max is joined by Mike ‘Mish’ Shedlock of globaleconomicanalysis.blogspot.com to discuss Chicago’s junk debt situation. They also explore the economics of renting designer handbags…!
We are joined by Alasdair Macleod of GoldMoney.com (and Bitgold.com) and Ben Dyson of PositiveMoney.com to propose solutions to the problems presented by private banks creating money by issuing loans. Macleod suggests BitGold as a possible solution to not only our current monetary woes, but as a solution to gold’s Gresham problem.