Loading ...“Why are you so concerned with respect to today’s financial markets?
In 1998 Wall Street bailed out a hedge fund. But in 2008 the government bailed out Wall Street. This time it wasn’t a hedge fund that was in trouble, it was all the major banks. We all heard about «Too Big To Fail» – well, those banks that were too big to fail in 2008 are even bigger today. They have a larger percentage of the total bank assets and far more derivatives. This is true around the world. The central banks are bigger, too. The whole system is bigger and more leveraged today than it was in 2008 which is setting us up for the next crisis.”
full article here;
http://www.fuw.ch/article/im-expecting-the-next-crisis-rather-sooner-than-later/