Sunday, August 18, 2013

Keiser Report - UK 'Cult' of 'Saving'

From RussiaToday

Published on Aug 17, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how the 'cult' of Mark Carney is leading to food inflation, as well as housewives outstripping inflation. Meanwhile, George Osborne's welfare reforms see £11.8 billion 'saved' from housing benefits, while £12 billion of taxpayer money is set aside to subsidize mortgages of up to £600,000 for the second phase of the Help to Buy scheme. In the second half of the program, Max talks to Simon Rose of SaveOurSavers.co.uk about forward guidance, real inflation, and George Osborne's speculative schemes.