KbQTV - 09 December 2005Max Keiser and his sidekick, Stacy, talk about Gold again. Behavioural economics used to be just plain old contrarihttp://www.blogger.com/img/gl.link.gifanism as Max talks about all the books that explain market madness going back to Jesse Livermore, (see picture) the man some (though not Max) blame for causing the 1929 crash and who was later found in the Taft Hotel after tipping the coat check girl and then blowing his brain out. America's potentates in the developing world being challenged by digital denizens. Nobody has told Bono but the real debt problem is the developing world's growing holdings of shaky rich world debt; and now the developing world has an ace to play with their holdings of most of the natural resources and precious metals that back the non-fantasy (i.e., US) based economy. Speaking of gold, Stacy asks why is it that big financial media mock Japan's purchase of gold, though praise their wisdom when they finance US consumer debt. Finally, Max freudally creates a new word: "bankster."
