In their new episode, Max Keiser and Stacy Herbert discuss mortgages the government takes from the public, formally called Private Finance Initiatives (PFI), which left the United Kingdom 222 bln pounds in debt. Britain, however, will pay five times more than that amount under the terms of PFIs. But what is the essence of PFIs? Do they bring any public good or are they just swindle?
Max Keiser then has a talk about negative yielding bonds, gold and GOFO.
