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Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors http://thenewsdoctors.com/, Eric Dubin are back for Episode #15 of their new Welcome to Dystopia podcast show.
Topics on this week's show include:
1) Japan going to negative interest rates
2) Some members at the Federal Reserve talking about copying Japan and experimenting with negative interest rates
3) Where do negative interest rates come from? (Hint: They come from Marx's labor theory of value and Marx's and Keynes' views of a "savings glut" in an economy)
4) Bank Stocks Look to Be Collapsing and predicting an imminent stock market crash and large global financial crisis
5) Many sovereign wealth funds are selling their stock positions to go to cash to pay off debt in their home countries
6) Russia now takes RMB for its oil. What does this mean for the petrodollar?
7) Gold and Silver markets appear to have finally bottomed and a strong rally looks to be underway
8) What problems does a strong US Dollar cause for the global economy?