Saturday, August 24, 2013

Wall St Freaks on Glass Steagall

Obama team scrambling to put in Larry Summers as the next chair of the Fed, the anti-Glass Steagall man.  What is the shape of the battle?

The crash is on, for sure.  An early crash is coming.  The timing is that by December and January, this whole thing is going to crash.  Sometimes the London crowd is more intelligent on these questions.  The debt of the USA and Europe, they cannot survive the crash.  Who is going to lose what?

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