Staff Writer, DL MullanEconomy / Banking
The Keiser Report Episode 566 discusses:
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the new game called the Hunger Gains. In a financialzed zero-sum world, Housing Gains plus Hunger Pains equals The Hunger Gains. This game is sponsored by China, however, and if they withdraw their sponsorship by dumping their trillion in US Treasuries, a new game called working may have to happen. In the second half, Max interviews Alasdair MacLeod of Goldmoney.com about the redemption of emerging market currencies into the US dollar mirroring pre-WW1 bank runs, except on a global scale. With this ongoing global bank run happening, it is China that is buying up all the gold.