WHAT WENT WRONG IN ICELAND
Oct 10th, 2008 by Conor McCabe
In August 2007, the Al-Jazeera program People & Power ran a special report from Max Keiser about the Icelandic currency speculation bubble. Based on the carry trade, Keiser explained how the Icelandic economy was heading for a massive fall, and it did not have to do with toxic loans or sub-prime derivatives, simply good old fashioned money speculation.
I first came across Max Keiser about, oh, I’d say, maybe thirty minutes ago? Here’s a blurb on him from www.intrade.com
Max Keiser is a financial expert, Prediction Markets analyst and inventor. He is the creator of the Hollywood Stock Exchange (HSX) the first Prediction Market. He is a frequent guest on Al Jazeera, France24, and PressTV. Max pioneered the first Prediction Markets TV content in 1998 with 13 episodes of NBC’s “Access Hollywood.” He is also the creator and presenter of “The Oracle” a Prediction Markets TV show in development at a major international broadcaster.Max Keiser co-hosts “The Truth About Markets” on ResonanceFM 104.4 in London. He also produces and presents documentary films covering markets and finance for Al Jazeera’s “People & Power” series.
Max Keiser started his career on Wall Street in 1983. He is the creator of KarmaBanque a site that enables activists to challenge corporate power and Kinooga, a patent-pending social finance site for indie films.
The program is in two parts below.
Enjoy.
