Robert Ian spoke with us today about the ascendancy of Russia. They now are the world’s largest oil producer and the largest purchaser of gold. These two distinctions bode ill for the US and for freedom loving people the world over. Russia and China are working to displace the dollar as the world’s reserve currency and it seems as if the US is working with them as well. As far as the real estate recovery is concerned, Robert is skeptical as the shadow inventory continues to mount and the excesses that caused the collapse in the first place continue go on unabated. Get ready for housing collapse part deux.
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