Zoltan Posar - Is He a Shadow Banker?

Zoltan Posar has never said the word collateral in his life. Collateralize an interbank lending is the basis of pretty much everything that goes on. You just cannot analyze the monetary system in any realistic way without at least starting with collateral. He's looking at one very narrow perspective and missing out on everything else, which is why everybody in the world is running toward treasuries.