Culture of Life News

We are in the middle of the Second Great Depression and as I predicted several years ago during the height of the credit bubble boom, it will take many years to escape this collapse and worse, it will probably lead to many wars and maybe, WWIII.  The relaxation of regulations of banking systems led directly to this mess.  The creation of the entire galaxy of bizarre paper entities which I call collectively, the Derivatives Beast, led to the creation of a huge shadow financial entity that is bigger than the value of everything on earth.  This is what the world’s top bankers are clinging to keep alive.  This is what hasn’t blown up…yet.  Meanwhile, whole  nations slide off the economic cliff.

View original post 2,290 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s