Thursday, August 25, 2011

McAlvany Weekly Commentary

David McAlvany in Argentina: Protect Yourself from the Horrible Consequences of Government Mismanagement

A Look at This Week’s Show:
- Argentina was once an engine of economic prosperity that destroyed itself with debt and worthless currency (multiple times).
- The United States will not outright default on it’s debt but can and will print it’s way to the same outcome.
- The current debt market crises cannot be isolated from the much larger derivative leviathan.

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