GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Thursday, July 17, 2014

Dave Kranzler: OTC Derivatives Meltdown Soon?

During this 30+ minute interview, Jason asks Dave about Janet Yellen's recent comments about how inflation in food was not a problem and how there's no asset bubbles due to Fed intervention from QE and artificially cheap interest rates.

Dave says Yellen is more like a politician and Dave talks about the other 2 recent past Fed Chairmen, Alan Greenspan and Ben Bernanke.

Next, Jason asks Dave why the economic and political elites have been able to keep the game going longer than many experts think was possible?

Dave points to nearly unlimited fiat money. Dave thinks an OTC derivatives market collapse will happen in the near future which will trigger collapses in bonds, banks, etc. The need for more bank bailouts should only increase going forward for these Keynesian interventionists and central planners who don't want to allow anyone to fail.

Jason and Dave talk about how fiat money makes the entire economy immoral and corrupt.

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