Bob Moriarty: Entire Financial System Is Bankrupt

Liberty and Finance, Released on 3/18/23

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."

0:00 Intro1:30 Banking system14:30 FDIC22:15 Credit Suisse23:30 Bond losses25:00 Bank takeover?27:20 Preparedness30:15 Moriarty's flying adventure31:40 Moriarty's books32:39 Miles Franklin

Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.

banking crisis, Bob Moriarty, Credit Suisse, financial crisis, gold

Bob Moriarty: Entire Financial System Is Bankrupt added by Herman James on 03/18/2023View all posts by Herman James ?+'