So there is a clear oligarchy in America, Hank Paulson is from that oligarchy, they are working against the interests of the people of the US... A lot of big money around the world is going to drop the dollar and basically disenfranchise the US economy. This is not just a remark in passing, this means that the US economy goes belly up effectively and the dollar gets completely wiped out the face of the earth and gold goes to 1400, 1500, 1600 dollars an ounce... we are talking about wholesale countrywide loss of their sovereign credit. The US government bond will be about as valuable as garbage..."
Think he's full of crap? Denninger is worried...
Global: Max Is Either A Nut, Or..... in [Market-Ticker]
Also, Denninger -- in a forum post made later -- went on to say:
Single Post Display - MarketTicker Forums: "... I am getting very close to going 'bug-out', converting all to tangible value items, and deciding that right or wrong, I'm gonna live it out where I don't care.
This is getting very close to going completely out of control - it is FAR worse than what was going on with Lehman."