Fraud & Theft: Financial Crime is Now a Business Model – Ron Hera

Continuing the theme of Derivatives this week, we have an interesting video with SGT Report interviewing Ron Hera from Heraresearch.com…

Part 1: Fraud and Theft

Covered in this interview:

• Absolute scandal from the bankers with LIBOR and Knight Capital flash crash.
• Market manipulation is running rampant and is creating artificial markets whereas free markets are a dying breed.
• Too many financial institutions are backed by a ‘Too Big To Fail Policy’ and OTC derivatives are the primary reason for this ‘Too Big To Fail Policy’.
• What do HSBC bank, money laundering and physical gold have in common?
• Precious metals are real world assets in physical form and are a hedge against this paper fraud.

Part 2: Hyperinflation is a 100% certainty between 2016 – 2020

Covered in part 2 of the interview:

• How poor do people have to get before they get angry and fight back?
• The people of Argentina didn’t turn out into the streets until the banks closed and their pension funds were destroyed.
• Do derivatives really matter and can they be unwound safely?
• More about precious metals and allocations amounts towards the metals.
• The supply and demand for silver is very bullish due to silver being a by-product of base metals mines along with a slow down in China.