AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Problem With Banks Going Under
I don't think there is a single financial institution out there, including in China, that is in good financial shape. They're all printing money like crazy and interacting with other insolvent partners,. So to call JP Morgan, even though I hate the guy, gold is money. Everything else is credit. If they tell you that the puzzles are gone, basically, what are you going to do? It just seems like it's going to have to get pretty bad for them.