Stockman: Financial system run aground by “ship of fools”

Notwithstanding the usual heavy gold-mongering by the sponsor, this interview offers some worthwhile macro and financial risk analysis.

The central banks of the world are massively and insouciantly pursuing financial instability. That’s the inherent result of the 68 straight months of zero money market rates that have been forced into the global financial system by the Fed and its confederates at the BOJ, ECB and BOE. ZIRP fuels endless carry trades and the harvesting of every manner of profit spread between negligible “funding” costs and positive yields and returns on a wide spectrum of risk assets.  Here is a direct link to his latest audio interview.

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