Is The Financial System Fixed? Or is it “Lights Off” for Western Civilization? - a podcast by Jay Taylor

Last week Richard Simmon’s peak oil theory painted a doomsday scenario for western civilization. Slightly more than a year ago, Dick Bove was predicting the same for the financial community. Now bank profits are booming and Dick Bove has turned optimistic about the future of our financial system. Meantime, guest Paul Michael Wihbey suggests peak oil is more a figment of imagination as new technologies enable the economic harvesting of massive quantities of hydrocarbons to keep the lights on. Energy savvy investor extraordinaire Rick Rule will offer some guidance for investors by telling us where he is putting his very smart money. Gold mining companies Apollo Gold and Coronado Resources will also be interviewed on this show.

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