Almost 80 percent of Americans say they live from paycheck to paycheck. That’s despite a 40-year bull market in bonds where interest rates have been declining year after year for decades. The Keiser Report discusses the issue, with Stacy Herbert saying: “You see, we need more and more debt in order to grow this fake economy, this fiat economy because if you look around there’s not much industry left here.” Max Keiser reminds us about the transition from industrialization to financialization 40 years ago when all the jobs went overseas, outside the United States. “And the only money that could be made is on interest rates spread, intere
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