1 Feb 2014

Roundtripping Fake GDP Growth, Currency War And "bobbies for sale .co.uk" - Max Keiser and Stacy Herbert with Mitch Feierstein


liarpoliticians: Max and Stacy look into the practice of so called "round tripping", in this case, moving goods from China to Hong Kong then other countries, then back to China, making it look like there was economic growth. Also the currency war hots up again, with Turkey increasing interest rates, and the UK's illegal copyright cartel using the police to do the cartel's dirty work - at taxpayers expense.

RT: Max Keiser and Stacy Herbert discuss accounting fraud as the new opium for China and how it is that we keep roundtripping to financial crisis because every time we get to tomorrow we've already spent it yesterday. The also discuss raining the marmite of fraud on a ten foot tall Janet Yellen. In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the unintended consequences of money printing, the China mirage where the GDP statistics are for 'reference purposes only' and about later this year when Greece will also 'roundtrip' its way to a 3% GDP growth mirage. 

X art by WB7

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