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Warren Buffett didn't just make shocking comments on banking system, he's already acting on them.

Eurodollar University

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The Commercial Bank Balance Sheet, Assets and Liability

There still continues to be shortages of collateral. There's still bad money in the system, again, more than a month later. Even the Federal Reserve understands now that after what happened in March, we're going to have a recession. And the data we got today on US retail sales suggests maybe just maybe consumers are already pulling back and spending.

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