Join us for over an hour of discussion on the last several decades of US policy and the unintended consequences of attempting to prolong the inevitable demise of the Petro-dollar standard. We discuss the abandonment of the gold standard, outsourcing of industry, the little-known Chinese gold lease, QE, Ukraine & Iran, post Lehmann bank conglomeration, German gold repatriation refusal, NSA espionage, Banker murders, and prosecution of PNB, Credit Suisse, & Deutsche Bank.
This interview had such great content, Jim wrote an article around it. Just released, see below:
By Jim Willie of The Hat Trick Letter
The contributors are many as actors in the American Tragedy, to cause the systemic breakdown failed state. Faulty monetary policy, economic policy, and political policy have caused the resulting failure. The primary perpetrators are the central bankers, led by Greenspan and Bernanke. These two men have done more to destroy the USEconomy, the US financial structure, the US currency, than any two men of prominence. To be sure, the Bush, Clinton, and Rubin gang played a huge role in the collapse. Their supporting cast of destructive actors is very long, like the serial bank criminals residing on Wall Street. To be sure, the system itself has played a key role in the harmful factors. The two most apparent harmful resident factors are the strong US labor unions and the influential environmental movement, which together encouraged the vast outsourcing of US industry at first to the Pacific Rim, and then fanning across the developing world. Both workmen compensation and OSHEA regulations interfered with US cost settings, but not as much as USGovt corporate taxes. The textile industry went to India and Pakistan, even Bangladesh. Call centers went to India, Philippines, even Costa Rica. The culprits are too numerous to cite.