Keiser Report: Beyond Meat, Beyond Crazy
In this episode of the Keiser Report, Max and Stacy discuss the Beyond Meat IPO being beyond crazy as losses, while not as great as Uber’s, show dotcom levels of bubble hysteria are back. They also look at the interest being paid on excess reserves now adding up to $36 billion per year in taxpayer subsidies to banks – ie, straight up welfare. In the second half, Max continues his interview with Peter Schiff about the #DropGold campaign, the cost of moving bitcoin versus the cost of moving gold and take some viewer questions about at what price Schiff will concede defeat. They also discuss fellow bitcoin hater, Warren Buffett’s love for stock buybacks and whether or not that money would be better off returned to shareholders rather than to executives.