If You Want To Understand The Banking Crisis Watch This Video

A bright young colleague of mine found this gem of a video the other day and was kind enough to share it.

In it, Mike Malloney manages to communicate in everyday language the message that I have struggled to share with others, for the most part unsuccessfully, over these past 4 years.

I urge you to watch it, particularly if you have faith in the present financial system.

Then you will understand why the Chinese have tapered their bond buying, and massively increased their gold holdings.