Max and Stacy tell it how it is

The Truth About Interest Rate Apartheid and Wealth Confiscation 

Stacy Summary: Max and I discuss the latest in the Cyprus confiscation scheme in which the name of the ever changing ‘deposit levy’ game is to get the mark about to be robbed confused enough that they don’t know they’ve been mugged.

And that the confiscation scheme is a perfect demonstration of interest rate apartheid in which bondholders who were being paid an interest rate for their risk of holding the bond are bailed out whilst savers who were being paid nothing lose out.

We look at the way that ‘it’s just Russian money’ is used to get the population to abide by the breaking of the principle that depositors should be more secure than bondholders.

Finally, we suggest a modern remake of Midnight Express in which the Billy Hayes character is trapped in a capricious and malicious US justice and penal system for 30 years plus for the crime of downloading academic journals.

To hear podcast GO HERE