A didactic tea lecture

• The US government bubble is bigger than the housing bubble. It is bigger than the stock market bubble and it’s going to burst

• Americans are at the epicenter of massive global imbalances

• The only reason this phony economy works is because Americans can (momentarily) borrow money to sustain it

• All of the US policy is designed to postpone the day of reckoning beyond the next election

• How America embarked in fiat currency

• Why the whole world economy is phony because of using dollars

…and much, much more.