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#075 Mike Maloney Sees An Economic Storm ‘Far Larger Than 2008’ Coming 

The Julia La Roche Show

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The Three Bank Failures of the World

When one country sneezes, everybody catches a cold. We've had some very, very large bank failures already. I believe that this is only the beginning. Senator John Kennedy said on a mainstream media news outlet that the banking system is basically a Ponzi scheme. If you're a day away and a shotgun wedding is arranged by a government or a central bank, I would list that among the failures. That business no longer exists. It's been absorbed simply because it failed to do its job properly. The world used to be connected by trade. Today, they're all connected through all of these derivatives and a financial system that operates at the speed of light. You can make withdrawals

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