Thursday, June 27, 2019

Keiser Report - Keiser Report: The Ponzi Lottery

Here, Max Keiser describes George Osborne's Help To Buy ponzi scheme. Only 37% of people truly qualified, but builders and the more affluent made a fortune out of it, greatly pushing up property prices for everyone else too, all paid for by the British tax payer. It did not create jobs, help the economy, or increase Britain's GDP, says Keiser, it just paid rich bums to sit about all day on couches getting bundles of money for nothing.

Rather than help people who couldn't get on the property ladder, the scheme increased property prices by 35% making property even less affordable.
UK Government blew billions on "Help To Buy" scheme that enriched home builders and drove up home prices. Taxpayers on the hook when house prices collapse, new report warns.

In this episode of the Keiser Report, Max and Stacy discuss the new government report out of the UK which proves that the Help to Buy scheme, introduced six years ago, did – as the Keiser Report warned at the time – merely help those who were already able to buy property on their own. In the second half, Max continues his interview with David Morgan of about the precious metals markets, interest rates heading to zero, and what’s next for the bond markets. As David Morgan is a former test pilot, Max also asks him about the future for Boeing in the aftermath of the 737 MAX disasters.

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