[48] Brits, Banks and Bitcoins



A new report from Britain's House of Commons shows deep concerns for the bank balance of Queen Elizabeth II. In only 10 years it has dwindled from £35 million to just £1 million today. The royal reserve funds are now at the lowest levels in history. Let's just hope the royal baby George grows up to be a little bit better with money matters than his the rest of the family. Continuing with the British theme, the British economy appears to be on the mend. And with growth for the last year coming in at 1.9%, the UK had its best performance since the financial in 2013. The coalition government says it owes a lot of the improvements to its economic policy -- and crucially to the central bank's quantitative easing program. Is this really true though? Former banker and finance blogger Frances Coppola breaks this down for us. Also, on our show we talk a lot about the Washington to Wall Street connection and how government and banks work together in what at times seems to be a co-operative agreement to run the country. Larry Doyle, former mortgage-backed-securities trader for Bear Stearns, JPMorgan, and Bank of America, and author of the new book "In Bed With Wall Street: The Conspiracy Crippling Our Global Economy," paints a disturbing picture of Uncle Sam and big banks conspiring for personal gain against the people they are supposed to serve. Finally, no Boom Bust show is complete without a few words on Bitcoin. Charlie Shrem, a Bitcoin millionaire and one of the most prominent players in the Bitcoin world, was arrested on Monday, charged with money laundering and operating an unlicensed money-transmitting business. Erin Ade and Edward Harrison discuss whether the moves are a huge blow to the crypto-currency. check us out on Facebook: http://www.facebook.com/BoomBustRT Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh

Comments

  1. I like this lady.
  2. BoomBust è sempre interessante ed Erin Ade è bellissima.
  3. when they arresting hsbc?
  4. +1 for Larry Doyle!

    Erin, you look fantastic.
  5. The queen should go into debt like the rest of us. 
  6. great show erin


Additional Information:

Visibility: 2217

Duration: 27m 50s

Rating: 36