Stacy Summary: Oh boy, there was one Canadian who did the whole ‘stick to what you know’ shtick when I pointed out the numbers on income and prices in Canada suggested a bubble there, or at least in some parts of the country. Anyway, looks like others are also expecting a Minsky moment soon.
“. . . the OECD finds Canada has the highest consumer debt to financial asset ratio among 10 OECD countries, including the U.S.”
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Stacy Summary: You can’t defraud nature. We can try to throw all the fractional reserve, fiat trickery at it, but the true cost will always be charged. Wheat prices rise to 14 month high as 32 pc of Russian cropland devastated by record high temperatures & Canadian crops damaged by ‘excessive rain.’
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Stacy Summary: We look at the latest scandals of downgrading America, investors seeking security in gold, bank profit abominations and federal ponzis. In the second half of the show, Max talks to Stefan Molyneux of Freedomain Radio about the Canadian economy and housing bubble, the oil spill in the Gulf of Mexico and how to fix the world.
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Posted in Max Keiser Video
Tagged canada, gold, housing bubble, keiser report, max keiser, stacy herbert, stefan molyneux
Stacy Summary: I still reckon individual cities, like Vancouver, are due for a big bust, but this is another interesting piece from Jesse’s Cafe Americain.
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Stacy Summary: The Fed to get Treasury bailout? You mean the Fed is a private bank? In the meantime, Latin American & Caribbean nations and provide greater details on their new regional currency, the sucre.
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Posted in Headlines
Tagged canada, fed, max keiser, somali pirates, stacy herbert, sucre, summit of the americas, tarp, treasury
Rick Ackerman
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