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By CHRYSTIA FREELAND

Published: October 13, 2012

IN the early 14th century, Venice was one of the richest cities in Europe. At the heart of its economy was the colleganza, a basic form of joint-stock company created to finance a single trade expedition. The brilliance of the colleganza was that it opened the economy to new entrants, allowing risk-taking entrepreneurs to share in the financial upside with the established businessmen who financed their merchant voyages.

Continued:

1 Percent – NYTimes.com.

In this episode, Max Keiser and Stacy Herbert discuss workers of the world ‘uniting’ to give up their rights and nations of the world ‘uniting’ to give up their sovereignty. And the IMF sees for Europe an Irish like future where JP Morgan, Citibank, Bank of America and the Big Four accounting firms write the laws. In the second half of the show, Max Keiser talks to Nick Verbitsky, director of CONFIDENCE GAME, about the civil mortgage fraud suit filed against JP Morgan.