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Entire Financial System Is Bankrupt | Bob Moriarty
The entire banking system is bankrupt, says Bob Moriarty. "All banks are at risk." Gold spiked on Friday as investors rushed towards real assets. He discusses how the real problem is the one nobody is talking about yet: the derivative bubble. Derivatives have introduced unprecedented counter-party risk into the system. The solution? "You cannot have an honest economy without honest money."
Moriarty's Amazon author page: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU
321 Gold: http://www.321gold.com
321 Energy: http://321energy.com
Yellen testimony: https://www.reddit.com/r/Wallstreetsilver/comments/11teb56/if_you_havent_seen_this_yet_you_need_to/
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INTERVIEW TIMELINE:
0:00 Intro
1:30 Banking system
14:30 FDIC
22:15 Credit Suisse
23:30 Bond losses
25:00 Bank takeover?
27:20 Preparedness
30:15 Moriarty's flying adventure
31:40 Moriarty's books
32:39 Miles Franklin
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