Juggling Dynamite

Max Keiser interviews Steve Keen from Debtdeflation.com. It has been five years since global debt crisis began. The debt is now so great that it can no longer be hidden. Max and Steve discuss what triggered the current debt crisis as well as the Great Depression, and the way in which bankers have been instrumental in both. Steve Keen is a professor in economics and finance at the University of Western Sydney and the author of Debunking Economics.  Here is a direct link.

Chris Hedges is an expert on the history of revolt and social change movements. He has covered many of the major uprisings of the past 40 years as a front-line journalist. Depending on one’s sensibilities, he is certainly not easy to listen to and usually upsets most sides of the political spectrum. But agree and disagree, Hedges is incredibly articulate and thought-provoking. In this interview he educates on the historical consequences of an uneven distribution of wealth: destruction, violence and revolt and what the Occupy movement, with all the usual human blemishes, should be about. Here is a direct link.

Banking analyst Meredith Whitney and Federal Reserve Bank of St. Louis President James Bullard discuss the costs of current Federal Reserve policy. Here is a direct link.
Bullard also explained why he’d like to see more economic data before deciding on “big action” at the next meeting of policy makers. Here is a direct link.