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JS Kim, author, writer and founder of SmartKnowledgeU joins me to discuss the collapse of the international banksters' con game, the derivatives Ponzi the surging price of silver and the bleak future for the petrodollar. Kim says the precious metals ate still in "a recovery phase" and says, "We are truly only in the initial stages of the next leg higher. Gold and silver are still highly, highly underpriced in US Dollars."
A few months ago we spoke with Stephen P Kendal about the inevitable crash of Deutsche Bank as their derivative exposure hit 75 trillion dollars which is the GDP of the entire world, not to mention the fact that Germany's GDP is 3.7 trillion. We still remain convinced that Deutsche Bank will collapse and with the recent news that Moody's downgraded Deutsche Bank's credit rating, we're more convinced than ever.