We discuss debt piles and thin dimes. They also discuss Christine Lagarde begging for money outside Penn Station while insider trading bankers ‘charitably’ talk to beggars at Grand Central. In the second half of the show Max talks to economist Michael Hudson about the austerity, debt and fraudulent conveyance.
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Posted in Keiser Report
Tagged christine lagarde, debt, imf, keiser report, michael hudson
The company disabled video embedding for some inexplicable reason, nevertheless, here is the link to the one hour youtube to watch the video.
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Stacy Summary: Of course, the IMF and EU only have debt to dispense. They do not have cash on offer.
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Stacy Summary: As Goldman is involved, they’ll probably never have to.
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Stacy Summary: Okay Geek and Dork, your thoughts? And h/t all who linked to the second article.
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Stacy Summary: h/t @Eileen. Debt to take 10% of all taxes in Ireland by 2011, according to Moody’s, which apparently is slightly better than the amount of Greek and Italian taxes that will go to servicing their debts.
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Rick Ackerman
Karl Denninger – Market Ticker The Big Picture Mish David Morgan King World News SmartKnowledge GoldCore Michael Krieger’s libertyblitzkrieg
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