In this episode, Max Keiser and Stacy Herbert discuss unknown people whose solvency is uncertain operating faster than the speed of light in the “franken-market” and Max Keiser asks, “what if a high frequency trading algo bot shrugged?” In the second half of the show, Max Keiser talks to Sandeep Jaitly of feketeresearch.com about the real Austrian economics of Carl Menger versus the fake Austrian economics of Ludwig von Mises. They also discuss how Ben Bernanke’s confusion about what money, how central banks are leading us into a second dark age and gold as the ultimate exinguisher of credit. Max and Sandeep also highlight the reason why rehypothecation in London is fraud. And, finally, Max hopes Lew Rockwell watches and learns.
KEISER: Hi I’m Max Keiser, time now to go to London and talk with Sandeep Jaitly of BullionBasis.com. Sandeep lectures throughout the world on Austrian Economics. Sandeep, welcome back to the Keiser Report.
JAITLY: Thanks very much, Max.
KEISER: Sandeep, I wanted to get you back on because you tweeted recently and I quote, “If it ain’t Menger or his direct student Eugene Von BB, it ain’t Austrian. Sorry #Mises : respectfully, too many mistakes were made.” Now the reason I wanted you to comment on this is that many Americans consider themselves Austrian school libertarians, but most will be following Mises. What are his mistakes?
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