Wednesday, July 22, 2009

Milken Institute Attendees Get Advised Money Supply Growth Has Collapsed

David Malpass, an insider who sits on the boards of the Economic Club of New York, the Council of the Americas and the National Committee on U.S.-China Relations, recently told Michael Milken and attendees to the Milken Institute Global Conference that the danger ahead, as we have been advising, is that Bernanke has stopped printing money.

In a video of the discussion, Malpass' comments start immediately after Milken's introductory remarks and last until roughly the 9 minute 30 second mark.

Note: These remarks by Malpass took place on April 28. The money supply situation has only gotten worse since then.

Milken, later, does a nice job of briefly discussing a secondary factor that amplified the crisis, reliance on regression analysis (See 35 minutes into the video.).

The video of the discussion is here.

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