Relevant:
- IMF: Next financial crash is coming -- and before we've fixed flaws from last one
- Derivatives Should Be Banned From Financial Markets - Rickards
- Derivatives Markets Become Officially "Too Big To Fail" - Taxpayers, Get Ready To Pay For The Next MF Global
- Rickards: The new balance of financial terror (analysis of sanctions against Russia)
- "A Dimon In The Rough"
2012-12-06 — theeconomiccollapseblog.com
When financial markets in the United States crash, so does the U.S. economy. Just remember what happened back in 2008. The financial markets crashed, the credit markets froze up, and suddenly the economy went into cardiac arrest. Well, there are very few things that could cause the financial markets to crash harder or farther than a derivatives panic. Sadly, most Americans don't even understand what derivatives are.
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