Yes, the Next Crisis is Coming… And It WILL Be Worse Than 2008,,,,,,,,,,,,,,,,,the derivatives market can ultimately be described in three words: Wall Street BS.
While the mainstream media has numerous stories for why 2008 occurred, the real one is largely ignored because admitting it would mean admitting that the entire financial system is filled with crap and that none of these problems have gone away.
The truth is that the cause of the 2008 crisis was the black hole of finance: the derivatives market. A market that is so enormous (20 TIMES the entire world stock market), so unregulated (Wall Street can literally price these things at whatever levels it wants) and so complicated that virtually no one wants to write about it.
Bernanke, Paulson, all of those guys lied when they acted like 2008 was a surprise. What was a surprise was that the system managed to last as long as it did. As far back as 1999, Greenspan admitted in private conversation that any attempt to rein in the derivatives market would “implode” the market.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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