Juggling Dynamite

A broad ranging discussion of the many things wrong with the global financial system and still wide-spread tolerance for “too big to fail”: Here is a direct video link.

To be clear: this is not a question of some players winning a fair fight by being faster, this is a race where some players are allowed to secretly buy a head start and short cuts from the race officials in order to dupe and profit at the expense the other participants who are not privy to the details of how they are being sold up the river.

Central banks continue to be the patriarch of today’s ‘rigged’ financial system.
Here is a direct video link.

James Chanos, Kynikos Associates founder, discusses whether gaining first-hand access to information is deceptive. Here is a direct video link.

Also see Absolutely short Caterpillar.

The oil companies are now saying we can buy Chinese companies that we like, says Jim Chanos, Kynikos Associates founder, sharing his derivative play on Caterpillar, as companies find a way to save money on capital expenditures.