KIM

Just out on Yonhap:

• North Korea says its leader Kim Jong-il has died.
• N. Korean leader died of fatigue at 8:30 a.m. Dec. 17 during train ride: KCNA

And Reuters confirms:

• NORTH KOREA STATE TELEVISION SAYS KIM JONG IL HAS DIED

Great. More geopolitical uncertainty. Because as the Arab Spring has shown us there is nothing quite as stable as a transitory military government to fill a power vacuum (also see Thermidorian reaction during the French Revolution).

As expected the South Korean response is immediate.

• S. Korean gov't shifts to emergency footing on news of N.K. leader's death

Please find below my interview with Max Keiser and our discussion regarding the Greek crisis and continued banker price suppression and manipulation schemes executed against gold and silver to prop up the US dollar and prevent a US dollar collapse.

On December 7, 2009, I sent out a warning from our Managing Director, JS Kim, to thousands of people via email about the deterioration of the global economy that he had discussed for years that the great majority of people were ignoring. Here is my latest interview with Mr. Kim that updates his views on his central thesis about a burgeoning economic disaster in the US.

SmartKnowledgeU Managing Director JS Kim's third appearance On the Edge with Max Keiser this year. This time around JS and Max discuss the fraudulent nature of the global monetary system and the failure of the rest of the world to connect the fraudulent monetary system with many of the world's other significant problems.

J.S. Kim is the founder of SmartKnowledgeU™, an independent investment research and wealth consulting firm. J.S. accurately called the recent global financial crisis, sharing his thoughts on his investment blog, to his subscribers, and in a series of YouTube videos. His articles have been reprinted online by Reuters, the New York Times, USA Today, the Wall Street Journal, the Financial Times and the International Business Times. He recently authored the timely book, “Confessions of a Wall Street Insider, a Zen approach to making a fortune from the coming global economic crisis.”

I do not profess that the main structural arguments of the following essay are mine. Rather they belong to a rather famous former Chairman of the US Federal Reserve named Alan Greenspan as noted in his rather seminal 1966 essay titled “Gold and Economic Freedom”. However, I have taken the specific arguments of that very prescient essay and modified and reinterpreted them to fit into the contemporary situation of our current global and financial crisis (that it its core, is a monetary crisis).