Wednesday, November 18, 2009

Glenn Beck explaining Debt and the Currency Carry Trade…

I have to give another hat tip to Karl Denninger for posting the following videos. Glenn Beck has been painted as a radical lately, that’s exactly what happens to people who simply tell the truth about the establishment.

In these videos, however, he is telling the truth with math. Exponential math is what you are seeing in his first demonstration. In fact, only pointing out our current account deficit is being far too kind, in my opinion. Our real debts, of course, are many times that. Well worth the time to view this series, well done Glenn.

Now, in terms of a new currency, yes, one is coming. Hopefully it will indeed be a new world order, but hopefully NOT one that the current oligarchs envision. Radical? We’ll see.