Jan 162011
For those who think the financial system is sound or believe the Fed can just print money with no consequences, this interview is a must watch. Why haven’t you heard this before? Does it really matter?
The important point is that the entire system is broken and broke and a fraudulent attempt is being made to cover that up for as long as possible. Of course it won’t succeed in the sense of avoiding the problem. It may defer the final solution and only make the pain greater to bear once it comes.
H/T to The Market Ticker
