Leverage: How Cheap Money Will Destroy the World

Debasement of the dollar by ill use of leverage is destroying the global economy. Karl Denninger, well known market commentator, has been following the path that money has taken throughout history, charting its rises and falls, to discover that currencies are debased when moneyed and powerful interests pull the levers of government and policy to enrich themselves at the expense of many. What follows is ugly: the value of everything, including gold, falls, and even personal safety is at risk...