Caroline Springs Library, Victoria, Australia
Gary North:
"At some point, too big to fail banks will find that the government can no longer kick the can. There will not be lenders to the government at interest rates that the government can afford to pay. Even the Federal Reserve System will stop lending, unless the FED's managers decide to go to hyperinflation. When the government cannot continue to meet its obligations, it will default in some form to some beneficiaries. This is the dilemma facing all Western democracies.
If the big banks are too big to fail, then they need the government to bail them out in a crisis. But if the government can no longer afford to bail them out, then what?"
Gary North: When TBTF meets TBTK (June 15 2011)
Aaron Dykes: US invasion of Libya set for October (June 15 2011)
CNBC: Foreigners make run on US housing market (June 15 2011)
Zero Hedge: The Greek bankruptcy case study is now a cartoon (June 15 2011)
Charles Hugh Smith: Why the wheels are falling off China's boom (June 15 2011)
Max Chafkin: A constant feeling of crisis (Argentina) (June 2011)
(radio) Doug Casey on Bloomberg (June 15 2011)
(video) CrossTalk: OPEC Rumble (June 15 2011)
(video) Capitol Hill vs. Obama: Wars (June 15 2011)
(video) Tony Segami: China's naval ambitions and their investing impact (June 15 2011)
(video) Sean Brodrick: Gold hammers silver (June 15 2011)
(video) RT: Gaddafi gold-for-oil, dollar-doom plans behind Libya (June 11 2011)
(book) Murray N. Rothbard: The Mystery of Banking
(book) Murray N. Rothbard: A history of money and banking in the US
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