The first one got through. But the theoretical explanation of historical economic models will surely get censored by Russia Today, so why bother?
Preface: I view the Keiser Report as today’s “money talk” version of WKRP in Cincinnati (1978-82). The program always begins with Max Keiser saying in one form or another, “Hello, I’m Max Keiser. Welcome to the Keiser Report.” If you’ll notice, that has a very Les Nessman quality to it. Max Keiser also has a lot of Herb Tarlek in him, with a touch of Johnny Fever.
Fans of course love Stacy Herbert, who plays the calming influences of Jennifer Marlowe & Bailey Quarters, which holds things together. The second-half interviews are hit-and-miss, just like original series.
Great show Stacy & Max! Trans·mog·ri·fy (verb): to transform in a surprising or magical manner.
To second-half guest Rick Ackerman: Hyper-inflation implies a huge financial crisis, which isn’t sustainable. At that point it’s two paths: 1) the monopolists win, or 2) there’s a socialist revolution of the masses. Hyper-inflation can’t normalize to the point where “you can take a few bills out of your wallet to pay the mortgage.”
To the commenters here: Yes, Max & Stacy check the comments. If you have something to say, they’ll even read them. Censorship is never the answer.
On Max Keiser’s idea that we are becoming neo-feudalist, that’s impossible. Feudalism was an economic system that came into being after centuries of post-Roman Empire anarchy. Feudalism was peasant (farmer) based, and its reinforcing ideology was the Catholic Church. Capitalism comes from the Enlightenment & science, and is a higher economic model, which began in England as the industrial revolution.
The reinforcing ideology of capitalism is the power of money in the form of capital. Napoleon spread it across Europe, using superior forms of violence in conquest. The one “great power” that stayed backwards was Russia, which Napoleon couldn’t conquer, due to its vastness & harsh winters. This became historically significant in 1917.
Capitalism is an urban (working class) economic model, which in its early stages allowed for mass education & ground-breaking innovation. but quickly turned into monopoly. After the Great War, America took the lead in global capitalism.
But inevitably it becomes an uncontrollable Frankenstein which consumes everything. Theoretically, the masters of capitalism seek to rule a world of slaves. This “highest level of capitalism” is unachievable, because the people of the world won’t live as slaves. They’ll die first. The only path out is a socialist revolution.
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