Published on Feb 24, 2014
Our lead
story: Erin looks at a landmark deal between Comcast and Netflix this
past weekend that gives Netflix direct access to Comcast’s broadband
network. This agreement removes Internet middlemen like Cogent
Communications and Level 3, which Netflix previously used to send its
content to broadband providers. Now Netflix has cut out these middle
players so that it has a direct pipeline to Comcast. So instead of
public pipes for the Internet at large, Netflix got its own pipe, and
set a terrible precedent.Doug Casey calls in from Punta
del Este, Uruguay to give us his assessment of China and why he thinks
that 21st Century is a Chinese century. In this segment, he explains why
he thinks central banks will lead to greater higher inflation and
economic volatility in the near future; extols gold and explains why you
should buy it; and warns why economic nationalism by governments could
threaten economies throughout the world. After the break, Casey talks
about water scarcity, the rising price of oil extraction, and how
financialization and militarization hurt the US economy.In today’s Big Deal, Erin
welcomes Ed Harrison back to talk about Abenomics and what it is trying
to do to overcome Japan’s economic problems. Harrison expects Abenomics
to eventually fail since wages remain stagnant despite the recent
inflation numbers. He also explains why he thinks that the United States
could become the next Japan.
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