Wed, 26 March 2014
Gordon T. Long appeared on the show today. We took a trip around the world surveying the vast landscape of malinvestment and insane government policies. So many countries are on the edge that it's impossible to know which one will implode. In Japan their money printing and demographics are a sure recipe for disaster. The US's student loan bubble and auto loan craziness can't end well. The EU is sinking money into US treasuries. Russia is determined to sink the dollar. China is seeing defaults and is now starting to see its first bank runs. So flip a coin, your guess is as good as ours.
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