In this episode, Max Keiser and Stacy Herbert discuss the risk of toxic derivatives, annoying neighbors and Glenn Beck’s ‘libertarian’ paradise. They also examine the belief that markets can predict stock prices, which they can’t. Unless they’re rigged, which they are. In the second half of the show, Max Keiser talks to Nick Dunbar, Bloomberg journalist and author of ‘The Devil’s Derivatives’ and ‘Inventing Money,’ about the M.C. Escher painting that is the global derivatives market: Bankers are trading an option on an option that is a bet upon a bet, upon which there may be no collateral.
‹ What is Germany scared of? Bundesbank to retrieve $200bn of gold reserves from central banks in Paris and New York
Categories: News mix