Saturday, March 20, 2010

Interview: Credit Default Swap Casino and Stimulus Funded Economies Will Lead to Runs on Paper Currencies

Posted by The Firecracker Report at 4:18 PM
Interview with Bill Laggner of Bearing Asset Management where he talks about:
  • Enron Redux: Sovereign Special purpose vehicles (SPVs) scam now becoming exposed.
  • What happens when the Fed stops its MBS purchases?
  • What happens when central banks remove stimulus?
  • Crisis will culminate in a run on paper currencies.
Listen to the full interview on King World News here
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