Precious metals guru David Morgan returns to address the great threat to the global financial/monetary system from derivative risk. He sees the world at an unprecedented moment in history where the interconnected nature of the global economy makes all players vulnerable to the mind-boggling volume of outstanding derivatives, which makes the sum of all world equity + debt look tiny in comparison.
David Morgan of Silver-Investor.com gives his analogy for where the economy is right now, and where it is going. Watch the full clip featuring Mike Maloney, Grant Williams & David Morgan by clicking the link above. 60 minutes of alarming economic facts.
David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high net worth investors, mining companies, depositories and bullion dealers. He is the publisher of The Morgan Report on Money, Metals and Mining.