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.
For a while now, the economic starvation and piling debt has already brought the world to the brink several times over. Jobs, currencies, loans have governments and individual households alike struggling to stay afloat.
And the bankers have already said that the next big crash is imminent. The banking crisis and the sovereign debt crisis in Europe were the first two hits according to Goldman Sachs, who warn that the Third Wave is upon us.
The eerie warnings and signs of danger have been absolutely piling up.
So, it is no surprise that major banking interests and global titans are pulling strings to block a successful Brexit vote, and using their media outlets to stir fear about the imminent collapse that can/will take place if it happens. Veiled thought it is, it is a clear threat from the banksters that economic penalties will result from the attempt to undermine elite control over Europe.
James Corbett makes a good case for this:
First it was the surprise ORB poll last Friday showing those in favor of Britain’s departure from the EU a whopping 10 points in the lead… Now even serious journalists like The Telegraphs’s Ambrose Evans-Pritchard are encouraging Britons to vote for separation from the EU in next week’s referendum:And the point is that the elite bankers, many of whom attend Bilderberg and other global steering conferences, are capable of pulling out financial backing and putting a ‘hurt’ on Britain or any other country that would continue
“[The referendum] comes down to an elemental choice: whether to restore the full self-government of this nation, or to continue living under a higher supranational regime, ruled by a European Council that we do not elect… and that the British people can never remove, even when it persists in error.[…]
So of course the banksters are doing what they always do when things are not going their way: threatening, intimidating and generally trying to scare the living daylights out of the public.
[…] And so we get a series of catastrophic headlines:
And, just in case you didn’t get the message: “Brexit would bring chaos, fear and emergency measures in its first 100 days, experts predict.”
You break it, you buy it.
They count on it. The ride goes up and then back down again. That’s how a cabal at the top have managed to buy up all the assets, profiting from collapse, and profiting from those who labor to rise again under their management and liens.
As Corbett wryly notes, the bastards toying with our lives and hanging us over the edge are, deep down, little kids throwing a temper tantrum:
The banksters want Britain in the EU and they’re not afraid to hold a gun to the head of the global economy in order to get their way.It wouldn’t exactly be a shocker if Brexit was pushed back and its apparent success evaporated at the polls.
[I]sn’t it instructive that the only response the banksters really have is to take their ball and go home when things don’t go their way? I mean, sure, the “ball” is the global debt-based finance capital economy they’ve constructed in their image and that keeps the wheels of commerce as we know it today greased (and thus is more or less directly responsible for the gainful employment of almost everyone), but still…all they can do is try to take that away from us.
Not long ago, the banks threatens to leave Scotland if it voted ‘yes’ on a referendum to leave the UK. Abusive husbands don’t like it when their battered wives threaten to leave either, because then they lose control.
The exact same tactic is being used today.
Goldman Sachs: The Third Wave of the Financial Crisis Is Upon Us
Expert Warns That Unparalleled Financial Destruction Is “Just Six Months Away”
Pay Attention To The Economy Right Now, Because A Disturbing Series Of Events Seems To Be In Motion
Exposure to Toxic Derivatives Threatens to Unleash “Financial Weapons of Mass Destruction“