Max Keiser Avoids Bitcoin Discussion With Michael Hudson

RT has the episode of the Keiser Report Trump: Easy to read (E1463).

In this episode of the Keiser Report, Max and Stacy discuss the former top trade negotiator for China, who claims that dealing with Trump is great that he is so easy to read, thanks to his non-stop tweeting. They also discuss Venezuela’s president, who is holding up a bitcoin hard wallet, just a year after the UK refused to return his country’s gold. In the second half, Max talks to Dr. Michael Hudson of about repo markets, national debt, China, trade wars, and more.

Max and Stacy go crazy over bitcoin again. I have always hoped that Max would have a conversation with Michael Hudson who could straighten out Max’s bitcoin mania.

Max did a great job of papering over Michael Hudson’s opinion of bitcoin. Hudson did manage to sneak in a subtle criticism of bitcoin, but Max carefully steered the conversation to make sure that the criticism was suitably subtle. Max just cannot seem to accept that a “currency” created out of nothing, like bitcoin, is just a non-government fiat currency. When he has to resort to baseless claims about human nature, you know he is getting to the point of desperation.

Bitcoin may remove the ability of a single entity from deciding how much of that currency is in circulation, but there are pros and cons to this difference. A straight up conversation around this between Keiser and Hudson would be great.

November 18, 2019

An interview by Laura Flanders popped up on my Facebook Timeline – Monopoly Capitalism: At The Breaking Point?.

Toward the end of the Michael Hudson segment he was able to tell Laura Flanders what he thought of BitCoin that he didn’t dare say to Max Keiser.

Laura Flanders: Some people talk about BitCoin and these other kinds of currencies. They were seen as radical at one point.

Michael Hudson: I don’t think so. It’s Fictitious money. It’s tax avoidance. It’s really criminal money. …

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