We begin the New Year with a look at the latest Markets, Finance, Scandal! We look at the economic indicators quacking like a recession duck – from the S&P to the Chicago PMI, more and more indices are indicating things are as bad as during the last financial collapse of 2007-2009. We also discuss ‘the next subprime trade’ as house prices rise while incomes decline, share prices rise as earnings decline and mom and pop investors pour into ‘low cost’ ETFs but may end up costing them ultimate price of total wealth destruction. And, finally, we look at the energy pumper (Saudi Arabia) and the credit pumper (the USA) trying to destroy their upstart competitors by flooding the market with their own product.
In this final special, ‘Winter, Why Not?’ episode of the Keiser Report, we conclude with our thoughts on the 2015 that was and the 2016 that is: from increasing productivity, declining wages and decreasing fuel efficiency, rising alternative energy superpower. In the second half, they talk to Charles Hugh Smith of OfTwoMinds.com about a ‘radically beneficial world’ in a post-jobs economy.
We talk to trends forecaster Gerald Celente of TrendsResearch.com about the upcoming trends for 2016. They recall that a few years ago, Celente forecasted on the Keiser Report that we would see currency war, trade war and hot war, and they ask whether or not this has come true in 2015. They discuss ‘bankism’, oil prices and US election insanity and what they hold for the future of the global economy.
We talk to Liam Halligan about the housing crisis in London and ask: Why not a UK Land Corporation? In the second half, Max and Stacy talk to Debra Solomon about urban forests as they ask: Why not an edible city?
We talk to Simon Dixon of BnkToTheFuture.com about banking’s future. We ask him: why not get rid of banks? Dixon believes a world without the current banking infrastructure – from traditional banks to venture capitalists – is possible thanks to bitcoin and blockchain technology. In the second half, we ask Sandeep Jaitly of FeketeResearch.com, why not a public bank? Jaitly’s public bank, however, is very different from anything you’ve ever seen or heard before.
We talk to Professor Steve Keen about solutions to our unpayable debts, including: basic income, a People’s Quantitative Easing and a global debt jubilee. Professor Keen explains why a modern debt jubilee could please both debtors and creditors, savers and spenders.
We look at the lead poisoning caused by bad decisions about the water supply in Flint, Michigan, and the slow, expensive broadband that presidential candidate Marco Rubio wants to be the only choice allowed for residents of Chattanooga, Tennessee. In the second half, Max interviews Patrick Byrne, CEO of Overstock.com, about the SEC’s decision to allow him to issue securities on the blockchain, the future of Bitcoin and more.
We look for ‘sisu,’ the Finnish spirit of stoic determination, in central banking and find that very few have the guts to take on the shrieks and cries of market losers. In the second half, Max interviews Trond Andresen about globalism versus globalization and a progressive nationalism.