Video: $10 Oil? Mike Maloney Schools Bankers

Mike Maloney was recently invited to speak at the 8th International Banking Forum in Sochi, Russia. 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 (hence the speaking spot for Mike).

The first morning passed without too much fuss as each speaker gave an introduction and a brief talk 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 wealthcycles.com, we've often 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 there's nobody home.

Mike's presentation on personal protection of wealth changed overnight, into one of basic education on our monetary system. How can anybody take the role of wealth protection (or running an economy!) seriously unless they can see the massive storm that lies ahead?

Whether you are a banker or a baker, a lawyer or a bricklayer...the time to get educated is NOW. We hope you enjoy Mike's frantic effort to awaken the conference from its slumber. It would have been nice for Mike to finish his speech, but perhaps there was a little too much reality on the stage for these Masters Of The Matrix, the Demigods Of Delusion.

A pretty stark, gloomy speech. Seems like ATS has been a little dry on economic doom lately.

Too bad they cut him off, i would like to know what the double diamond shape that he said was important was all about. It was a great presentation, and it must have hit too close to home...i would bet that he made no new friends at that conference.

Yea, your right what is the double diamond thing. He must have hit a nerve.

reply to post by Moonsouljah


Did you hear the cut off guy say" you should stop before you wake too many people up?" Awesome!
Nice find Moon and I am curious what some of our economy experts here have to say.
I hope this guy doesn't have a hot tub, weak heart or unstable psyche, we don't want any "accidents."

He is absolutely correct on his analysis of the coming debt implosion and the demise of the dollar.

However all of his charts and presentation after the opener is a bunch of junk.

The currency is collapsing because the debt pyramid ponzi has blown up. People can no longer afford to take out loans even at the ridiculously low rates we have right now, so he is absolutely correct that we are experiencing deflation of the money supply. - well, at least we SHOULD be experiencing deflation, but the criminals at the Fed are busy printing money like there is no tomorrow.

While we should experience deflation, we are about to experience hyper inflation.

This is a much easier explanation to stomach... Especially for the parental types:

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