From GoldSilver.com. Great presentation, definitely worth watching:
Mike Maloney was recently invited to speak at the 8th International Banking Forum in Sochi, Russia. The theme was “Banks Of Russia – 21st Century”. The purpose of the conference was for bankers from around the world to meet and discuss the current state of the global economy, the banking system, and strategies for protecting their personal wealth.
The first morning passed without too much fuss as each speaker gave an introduction and a brief on his or her area of expertise. However, by the end of the day it became obvious that something was definitely wrong. After speaking with many of the attendees, Mike was alarmed to find that practically none of the international bankers understood our present monetary system. Most had no idea how currency is created!
Here at GoldSilver.com, we have always wondered exactly how well modern day bankers understand the worldwide predicament that we find ourselves in. Ladies and gentlemen, our worst fears have been confirmed — the lights are on, but nobody is home.
[continues at GoldSilver.com]