Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

In this edition of On the Edge, Max Keiser interviews Steve Keen, Australian economist and author of the book “Debunking Economics”.

He says that debts have spiraled out of control and the reason is the shadow banking system. The program also touches on the correlation between the US-EU debt crisis and the worsening Greek economy.

Source: Max Keiser, YouTube, July 9, 2011.

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Max Keiser’s On the Edge: Debt deflation, with Steve Keen was first posted on July 11, 2011 at 6:50 am.
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