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« The Perfect Typhoon Is Still Churning Off Shore | Main | SEC To Investigate Goldman Sachs, Merrill Lynch »

August 11, 2007

This Banking Collapse Is Different From Earlier Ones

We just went through a preview of the coming banking collapse. A total of $300 billion was pumped out of thin air and put into banks across the planet. This was a big, big Santa Claus sleigh ride! Few commentators want to really understand why this is happening and how to stop it. We must understand the hazard our empire is in. The rival empire of China has us by the throat. We must negotiate with them and extract ourselves from the mess we are in...like the mess in Iraq.
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