The Keiser Report No. 418, "Banksters Smoke Belly Button Lint" -- 2013 Mar 14 TH

This time Max and Stacy discuss the Wall Street clients who have no yachts and the American workers taking on second and third jobs. They also discuss the trillions in debt incurred just to keep the economy going nowhere. In the second half of the show, Max Keiser talks to Steve Keen, author of Debunking Economics, about central bankers smoking their own belly button lint with Ben Bernanke behaving like an Easter Islander trying to rescue the past. Professor Keen says we need to get back to a capitalism where we borrow to build a factory not to build a derivative to rip someone off. And, finally, they discuss Keen's Kickstarter project called Minsky, reforming economics with visual monetary modeling.

Audio file link: http://www.sendspace.com/file/txy0td

You can watch the video online at: http://youtu.be/rXI4BlAfHrY