Bill Black: US Financial System Has Already Imploded!

collapseProfessor William Black is a former financial regulator and an expert in white collar crime. According to Black, the financial system is headed for an even bigger collapse.  As a major warning sign, Professor Black points to Treasury Secretary Jack Lew’s recent complaint about no money for regulation in the recent budget deal. Professor Black says, “Jack Lew is the anti-canary in the coal mine because Lew has been gutting regulation for virtually all of his professional life. . . . Lew is saying, my God we’ve gone so far we’re going to cause the collapse of the system. . . . You know when Jack Lew keels over, you know that carbon monoxide has already killed everybody reasonable.” Professor Black goes on to say, “The system is ungovernable . . . It has already largely imploded.”
Join Greg Hunter as he goes One-on-One with former bank regulator William Black.

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Comments

  1. @Zman listen to this Professor Black with an open mind as the guy is one heck of a wiz in his field.  I follow him all the time even on Twitter. Lol   Keep Stacking

  2. Marches45   Given the doink downward in silver price today,what do you attribute that too.  And what is your prognotication for the next 2 weeks. 

    • I called a dump last friday on today or tomorrow.

    • Quick take:  The overall stability of the CB- created land of OZ is beginning to come off the tracks…  with the S&P now under 1800 at 1790, the VIX is up and it may well be that this time the wheels are indeed falling off the MOPETRACK.  If so, we should see gold rise.  Silver is behaving with it’s industrial siblings today…  it should be along soon… but gold just cracked over $1270 and the shorts are about to spend a very nervous weekend…
       
      We’ll see.

  3. @AGXIIK Survival AG Survival the Banksters along with the Treasury are doing anything to save the dollar and they are getting more blatant about doing it. AS for the PM’s their going up my friend I sense it inside so hang in there and Keep Stacking.

  4. I’m hanging in 
    No worries ther Charlie 
      My question was more of a short term up or down in AG used for a trade. 2 weeks max

    • For trading IMO you are no better or worse off playing the lotto or going to a casino.There is ample evidence that every market is manipulated. We are approaching a time where it becomes clear both that the west is going to lose it’s position as dominant power, and that economically the west will never get the increasing number of jobless gum chewers back to work. Both cases point to something dire. Don’t wait to buy gold or silver, buy gold or silver and wait.

    • “Don’t wait to buy gold or silver, buy gold or silver and wait.”
       
      Now, THOSE are words to live by, friends.  :-)

    • AG Ed_B Just Said It.

  5. CDL  In my case it’s trading AG for PB   One metal for another
    Like Fat Freddy sez, “‘lead’ will get you time of no silver better than silver will get you through times of no lead”
    Or something to that effect.  I like both and stack them like crazy

  6. Excellent article by Grant Williams in his latest “Things that Make you go Hmmm” newsletter comparing Central Bank gold antics of the 1990s and Brown’s Bottom to the modern day and the German request for gold repatriation in 2013.
    http://www.mauldineconomics.com/ttmygh/that-was-the-weak-that-worked-part-3

  7. If you have the money to change the law, thereby making your activity lawfull, and you are no longer a criminal, are you still an asshole?

    • Apply that question towards “Bloomberg” and you’ll find it a RESOUNDING YES!

    • Absolutely!
       
      In fact, it is in the nature of a**holes to play games like that, changing the rules in mid-game when convenient for them to do so, as well as having two sets of rules… one for them and one for us.

  8. silver dollar 
    yes, you can spit shine an a-hole and it’s still an a-hole. Mini Me Bloomberg is a perfect example. Nothinglike being a multi billionaire to hire his own personal heinie washer.

    EdB  When it comes to stacking ‘crazy’ is the operative phrase   OCD helps too.   It’s also a fun game.  WMT was looted yesterday
    I came, saw and conquered
    We saw the inventory and prices of ammo in 2013 take some nasty turns. I don’t want to go through that again, nor do my friends. If Mauldin is correct and precious metals price manipulations we may find many metals become harder to find. The price will not allow a person to acquire the desired metals.

    59lespaul  Maulding has a good bead on the gold supression market.  Like a-holes, gold manipulation is going to pucker tighter than a pederast at the Supermax

    • @AGXIIK
       
      “When it comes to stacking ‘crazy’ is the operative phrase   OCD helps too.   It’s also a fun game.  WMT was looted yesterday.  I came, saw and conquered”
       
      Excellent.  Glad to hear that some good stuff was found and liberated.  ;-)
       
      “We saw the inventory and prices of ammo in 2013 take some nasty turns. I don’t want to go through that again, nor do my friends.”
       
      Me neither.  It was a complete bummer to watch as ammo prices tripled or quadrupled over about a 6 month time frame.  I HIGHLY suspect that this was NOT any kind of a natural market response to economic conditions or any other talking head BS.  The ammo market IS being manipulated in an effort to reduce the amount that we can all buy.  I cannot prove this but my innate common sense tells me that it is so.  In previous ammo market booms, a bust always follows.  But not this time, so WHERE is it?
       
      “If Mauldin is correct and precious metals price manipulations we may find many metals become harder to find. The price will not allow a person to acquire the desired metals.”
       
      The suspicious among us would be tempted to say, “All is going according to plan”.  X-[
       

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