21 Jun 2012

Runaway Greek Cash - Keiser Report with Satyajit Das

"Only €14bn of €410bn total 'aid' to Greece went into economy - rest to creditors. No wonder they are cross." - Max Keiser and co-host, Stacy Herbert, discuss economic Jack and the Beanstalk style miracles that look a whole lot like simple ponzi schemes that Lilliputian financial journalists fail to report. In the second half of the show Max talks to Satyajit Das, author of Extreme Money, about the European debt crisis, how much longer Germany can stay solvent and whether German banks would have survived if the Irish taxpayer had not bailed them out in the first place. Source

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