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alstry (36.20)

The BEST Presentation So Far... on the banking crisis

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August 17, 2009 – Comments (1)

The MOST qualified expert on the banking crisis in the United States. 

This important interview is over one hour long obtained it from Karl Denninger's blog.

CAUTION:  Do Not Watch If You Can't Handle The TRUTH

1 Comments – Post Your Own

#1) On August 17, 2009 at 11:56 AM, Entrepreneur58 (36.43) wrote:

Is that the same Karl Denninger who said at the end of last year that you should sell everthing and hold 100% cash due to the impending deflationary collapse?  OK, Black is a very good post, but Denninger does not understand that there is no mechanism in the economy for transmitting bad loans into deflation, because the government now OWNS ALL THE BAD LOANS.  For there to be deflation, there will have to be a run on the government (and it's currency).  Please educate Denninger for me, will you?

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