Jason Burack of Wall St for Main St and managing editor of The News Doctors and independent financial journalist, Eric Dubin are back for Episode #27 of Welcome to Dystopia.
to start the show, Jason and Eric discuss the latest jobs numbers and how that applies to reality. Eric thinks the market shook off the numbers and started to put a bottom in for gold, silver and mining shares after the jobs report was released.
Jason and Eric discuss how the short correction in gold and silver may be over.
Jason and Eric discuss how broken models and bad academic theories are making the real economy way worse! Jason and Eric name a bunch of current events and examples from academic Keynesian economists and members of the Federal Reserve desperate to tinker with the economy further for dire consequences for people on Main St.
The long-heralded The Curse of Cash by prominent Harvard professor and former IMF chief economist Ken Rogoff is now in bookstores. This proto-fascist screed argues for the elimination of all $100, $20, and even $10 bills so that criminals will have a more difficult time doing business and all ordinary citizens would eventually have to use electronic cards to may all payments, transfers, etc. and so that central banks will be able more effectively to carry on their various schemes of ZIRP, NIRP, etc.
Jason says the global economy is one giant economic minefield where some mines are visible for people to see the dangers and some mines are slightly below the surface and people can’t see.
Jason and Eric discuss the broken economy, the broken healthcare system, the broken (corrupt) mainstream media and broken academic theories and models during this longer than usual show.
1) Huffington Post for firing David Seaman for writing an article about the health of Hillary Clinton
2) The USDA for agreeing to buy 11 million lbs of cheese for $20 million to prop up dairy prices for subsidized US dairy farmers
3) Mylan CEO for the EpiPen Controversy & the FDA for blocking quality generic drugs http://www.zerohedge.com/news/2016-08…
4) Gary Johnson- http://www.ronpaulinstitute.org/archi…
Jason and Eric conclude the show discussing Hillary Clinton.