by Mac Slavo
It is quite unfortunate in the fallout of the 2008 economic crisis the degree to which the financial markets of each country were so intertwined, centralized at the top with a handful elite banks, and would together (rather than diffused) throughout all of society, and every major industry and institution in an astonishingly huge global footprint.
Derivatives represent a toxic multiplier that caused banks not only to fail, but to spread contagion rapidly.
The chaotic ball of string between corporate investors in Europe, major industrial holdings in China, pension funds for American retirees, zombie mortgages, wacky leveraged debt swaps and more put us all on a house of cards structure decades ago.
It can all come crashing down again, and it will. Everyone can feel it.