With his market trading expertise, first time guest Karl Denninger is incredibly bleak for the US economy based on the fact that our debt and yearly deficits are unsustainable due to the corrupt healthcare system with medicare & medicaid structures. Also discussed are gold & silver prices and Europe’s situation. Karl seems to bring a different perspective than our usual guests as well as a special expertise we don’t see often.

Get more from Karl Denninger at: Market-Ticker.org
Get his Nov 2011 book “Leverage: How Cheap Money Will Destroy the World” on Amazon

01:40 Gold & Silver trade like Commodities, not Money
02:40 Silver Demand, historic uses and global supply
04:20 Gold isn’t inflation hedge, it’s geopolitical risk hedge
05:40 Deutsche Bank Crash risk; the next Lehman Brothers?
07:30 Beginning of 2008 compared to today for crash risk
08:15 The last gold bull market to $1,900
09:15 Europeans did nothing to fix Derivative exposure
10:35 Bank run could springboard whole world econ crisis
12:40 Inflationary moves vs risk movements of gold/silver
13:20 US $1.4 Trillion more in debt year over year
15:30 Medicare & Medicaid increasing the deficit
16:10 Bonds & Stocks Expensive…where to get return?
18:00 Federal Reserve’s manipulation of Bond Market
19:40 Bond damage embedded deeply in the system
21:30 US deficits unsustainable during (fake) Recovery
24:30 How to fix US debt and prevent total collapse
25:30 Indict the industry insiders who caused this
27:30 Get more from Karl Denninger at market-ticker.org