Max and Stacy discuss how deindustrialization and financialization have destroyed the economic viability of communities across America. The latest study from YahooFinance finds that state pension fund managers have blown over $600 billion of taxpayer funds on overpriced, underperforming hedge fund managers in the past decade alone. In the second half, Max interviews author and banker, Mitch Feierstein of PlanetPonzi.com, about Trump’s trade war, stock buybacks and the latest in the bond markets.
Ruble crisis 4yrs on
Max and Stacy discuss a claim, by the IMF’s former guy in Russia, that there 'will never be a debt crisis' with the country’s current economic team in charge. They look at the classical liberal policies adopted by the Central Bank of Russia and how & why it has provided stability during the ruble crisis of 2014-2015. In the second half, Max interviews author and banker, Chris Whalen, about Trump’s trade war, tax cuts and economic policies.
New Trade War Ongoing
Max and Stacy discuss the inevitable death of global trade as ‘bully’ US starts a trade war – despite many in rich Western countries having lost out from globalization. In the second half of the show, Max interviews Galia Benartzi of Bancor.network about the recent $12-million hack on their network and the ensuing argument about decentralization. They also discuss the role of money in global trade imbalances and how it was the ‘Bancor,’ first proposed at Bretton Woods, that could have avoided the situation in which we find ourselves today.