Unintended Consequences Of Economics Goals

Max Keiser and Stacy Herbert discuss unintended geo-economic and financial consequences of trying to treat economics and politics as a science. They note the capital flight from Italy and Spain; and the growth of deposits in Russia due to sanctions. They also look at the lawsuit by American victims of Mexican drug cartels against HSBC, who they allege directly committed an act of terrorism. In the second half Max interviews Mitch Feierstein of PlanetPonzi.com about the Fed’s attempt to taper a ponzi, the market chaos it has caused and the negative rates trying to stop the debt deflation.