Mike “Mish” Shedlock is so well known for his daily writings on his blog.  As an example, multi-billionaire Hugo Salinas Price quoted from Mish’s blog in a recent interview on King World News.  Mish has chronicled the financial collapse and incredibly the firm where Mish is a registered representative somehow posted positive returns in 2008 when most firms and investors were mauled by the market collapse.  In this powerful Part 1 interview Mish discusses the stock market, gold, fiat currencies, credit risks and spreads, the U.S. Dollar, sideline money, European banks, what is the reality in China, the insolvency of many banks globally, residential and commercial real estate, unemployment, wages and more.