Tornado Alley (PROG)

[SilverSurfer]

Speaking of 'Faith Healing'


...............The 2007-2008 phase occurred when investment banks flooded the financial system with toxic derivatives. All told the derivatives market was over $1 QUADRILLION (that’s 1,000 TRILLIONS) in notional value when the crisis hit.

The Central Banks, knowing that the very banks they are meant to govern, were insolvent, began a series of emergency measures to deal with this. In the simplest form, they moved the banks’ garbage debts onto the public’s (read sovereign nations’) balance sheets.


The banks, knowing that they were given a green light, have since begun leveraging up again. Today, the financial system’s leverage is in fact even greater than it was in 2007.

Moreover, this time around, entire countries are on the verge of being bankrupt.
http://www.zerohedge.com/news/2014-11-19/next-round-great-crisis-just-around-corner