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Hidden World of Derivatives Sparked 2007 Crisis. Now, the 280-TRILLION Dollar Derivative Market is Set to Inflict in 2015 + Video

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InvestmentWatch

 

 

Big Banks and Derivatives: Why Another Financial Crisis Is Inevitable

Another global financial crisis is on the way

Financial reform didn’t work. Banks today are bigger and more opaque than ever, and they continue to trade in derivatives in many of the same ways they did before the crash, but on a larger scale and with precisely the same unknown risks.

Ignoring warning signs has inevitable consequences. We ignored them before and we saw what happened. We can say this with virtual certainty: if we continue as now and ignore them again, the great white shark of a global financial meltdown will gobble up the meager economic recovery and make 2008 look like a hiccup.

We can’t say when this will happen. We can’t say which bank or which particular instrument will trigger the debacle. What we can say with virtual certainty is that if we continue as now is that it will happen. Because the scale of the trading is larger, and because the depleted government treasures are not well placed for another huge bailout, the impact will be worse than 2008.

http://www.forbes.com/sites/stevedenning/2013/01/08/five-years-after-the-financial-meltdown-the-water-is-still-full-of-big-sharks/

 

Read more & view video at IWB:

http://investmentwatchblog.com/the-hidden-world-of-derivatives-is-what-sparked-the-2007-crisis-now-the-280-trillion-dollar-derivative-market-is-set-to-inflict-in-2015/



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    • The Truth Wins

      Good article but I have read figures as high as one quadrillion dollars plus tied up in credit default swaps, and the derivatives market right now. I think the unexpected decline in oil prices, while great for us at the pump, is going to trigger a derivatives crisis when the Big Five U.S. banks reach a point where they cannot cover their hedge losses. Stay tuned. Oh, and I think that is the plan…nothing major happens in this world that is not planned (by the shadow government). :wink:

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