An interview with Jim Willie where we discuss the potential of bank failures emanating from the Middle East and rippling throughout the world being the catalyst for the next round of the credit contraction.

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Be sure to pre-order a copy of End The Fed by Ron Paul which debuts on 16 September 2009.  With enough pre-orders it will make its appearance as #1 on Amazon and perhaps be a bestseller on the New York Times list which will cause even more pain for the Federal Reserve and Tim ‘tax cheat’ Geithner.  He was extremely uncomfortable in his Digg.com interview with the Wall Street Journal.