Planet Infowars
July 18, 2013

On behalf of Matterhorn Asset Management / GoldSwitzerland, financial journalist Lars Schall met economic researcher and geopolitical analyst F. William Engdahl for a special video-interview series in three parts. In the first part, “The Race Out of the Door,” you see them talk about, inter alia: the deeper causes for the financial crisis; modern banking as a giant confidence game; America’s so called “Asia Pivot” and the Trans-Pacific Partnership; the bubbles in American stock and global bond markets; and too much power in too few hands on Wall Street. By Lars Schall Mr. Engdahl states that all we see during the financial crisis is a prolonging of the race out of the door. The crisis isn’t just the result of a bubble in the U.S., which has been popped, but it goes much deeper. Yet, the underlying causes aren’t tackled at all. Instead, we experience the problems with a banking system that creates money with little collateral behind it; it’s all a giant con-game, says Mr. Engdahl. Moreover, he explains his views on the geopolitical game that’s going on between China and the United States, in particular the challenges for the US dollar vis-à-vis a growing internationalization of the Chinese currency in bilateral trade agreements.

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