A View of the Banking System

Jul 092010

A very important interview with a sharp bank analyst. Worth watching.

The wise are instructed by reason; ordinary minds by experience; the stupid, by necessity; and brutes by instinct. Cicero
Never spend your money before you have earned it. Thomas Jefferson
There is nothing so disastrous as a rational investment policy in an irrational world John Maynard Keynes
One nice thing about the Third World, you don't have to fasten your seat belt. (Or stop smoking. Or cut down on saturated fats.) It takes a lot off your mind when average life expectancy is forty-five minutes. P.J. O'Rourke
The more corrupt the state, the more it legislates. Tacitus
Everything we have done in response to the 9-11 attacks, from the Patriot Act to the war in Iraq, has reduced freedom in America. Ron Paul

Thoughts On The Commencement of My Eighth Decade, read it here: http://t.co/Tc2XyIgs 4 hours ago
Impossibilities, Discontinuities and Black Swans, read it here: http://t.co/WJlExRgb 8 hours ago
I’m From The Federal Reserve and I Will Improve Your Life, read it here: http://t.co/qgeTD9kT 17 hours ago
Another Reason Why The Economy Will Not Recover, read it here: http://t.co/Fd3P0z19 2 days ago
The Universal Truth About Government Regardless of Its Form, Time or Place, read it here: http://t.co/I8JQIEAT 2 days ago
The law school bubble – At 50 law schools, 20% of the students are either unemployed, flunked out, or are http://t.co/bX397BCW via @addthis 2 days ago
What The First Few Minutes of World War III Will Look Like *Micro-Flim* http://t.co/P6vDfu5Z via @addthis 2 days ago
The 10th Amendment Nullification Movement by Michael Boldin http://t.co/yw60giDy via @addthis 2 days ago
The American Spectator : Caesar Overreaching Once Again http://t.co/R7Pc4auA via @addthis 2 days ago
Warmal Colding strikes Europe:kills hundreds; thousands trapped by "heaviest snow... ever recorded" http://t.co/EiJazYrJ via @directorblue 2 days ago

Reality According to Jim Rogers: Jim Rogers is interviewed in the Daily Bell. The interview touches on the dangers of price inflation...
Government is To Blame: Image by jpellgen via Flickr Charlie Gasparino has a concise history of the government's role i...
What Will It Be Like After The Collapse?: From Mac Slavo regarding what to expect after the collapse. It is not as if this vision was conjured...
Peasants with Pitchforks will Dance on Government's Grave: It is really hard to overestimate the problems this country faces. Virtually all result from governm...
Faking Our Way to Sovereign Bankruptcy: As political events in Egypt play out, including likely contagion to other parts of Africa and the M...
A Picture is Worth a 1,000 Banks: Another sign of NO recovery is shown in the graphic from The Charts Store:

Monty Pelerin's World