I found this “must read” piece by economist Jim Willie, posted over at Gold-Eagle: Gold & Math On A Napkin [1]
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Eric mentioned a great article on the looming derivatives and hedge fund implosion in The Boston Globe: The black box economy [2]. One tidbit from the article: “Despite the anxiety, nobody is stockpiling canned goods just yet.” Oh, yeah? Speak for yourself. Meanwhile, we also read: Crisis Grips European Hedge Funds [3]. This is just the beginning folks. I’ve warned you before about hedge funds suspending redemptions, and hedge fund collapses. [4] If you have any money in hedge funds, get it out, post haste. I am very concerned that the multi-trillion dollar derivatives bubble [5] is about to pop. If and when it does, it will wipe out nearly all of the hedge funds–even those that have been managed quite conservatively.
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RBS suggested this “Gumballs” YouTube clip [6] from a lecture on immigration demographics.