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Banks that are in reality insolvent are allowed to operate, at great cost to the general public, so special interests don't have to take a hit. In effect, this facilitates wealth transfer from ordinary middle class workers to specially privileged folks who own and run especially large money-center banks
Larry Parks interviews Mathew Bishop, NY Bureau Chief, THE ECONOMIST about his new book (with Michael Green) In Gold We Trust? The Future of Money in an Age of Uncertainty. States Mr. Bishop: "“Let’s have a look at the history of money. Let’s have a look at the role that gold has played in it. And let’s look in particular at this question that I am fascinated by why at the end of the 1990’s gold was regarded as a complete historical anachronism by the conventional wisdom. And now, over the las...
What is the most important question one should ask before investing? Answer: “Is the investment proposal honest?” Folks assume that financial sector investment allocations are honest. They believe that government regulators, e.g., the Securities and Exchange Commission, protect them. After Enron, WorldCom, frightening decreases in equity valuations during the last several years along with sovereign defaults, it should be clear that this view is misplaced. Parks explains that what we call money...
Larry Parks interviews Sandra Navidi, Founder & CEO of BeyondGlobal. A German expatriate, Ms. Navidi was previously Director of Research Strategies and Senior Relationship Manager at Roubini Global Economics. She is a regular invitee to fora such as the IMF/WB Meetings, the WEF, Milken Conference, etc. where she has had unprecedented access to European, particularly German policy makers. She has been present at many closed-door Washington DC meetings at the height of the recent financial crisi...
We owe thanks to Warren Buffett for his article in Fortune Magazine, February 27, 2012: “Why stocks beat gold and bonds,” not because he has his facts right about gold, but because his writing about gold legitimatizes further discussion about gold in the mainstream press. Incredibly, Mr. Buffett recognizes in very candid language that allocations to U.S. Government bonds, or any bonds, are unsafe and risky. He properly defines risk in a way that ordinary people can understand, as opposed to th...
Larry Parks interviews James Grant, Editor, Grant's Interest Rate Observer, about gold, the Federal Reserve, manipulating intertest rates, the notion of risk, pension plans not focusing on the risk of currency depreciation, ...
Larry Parks interviews William Rhodes, Banker to the World
Larry Parks interviews Fred Sheehan about his book Pandere to Power about how Alan Greenspan, as Chairman of the Board of Governors of the Federal Reserve helped lead us to economic ruination.
Larry Parks Interviews James Rickards, Currency Wars