PM Fund Manager Warns of Derivatives Meltdown & “Open Season” On Your Bank Account!
[youtube=http://www.youtube.com/watch?v=R16tLKio974]
- PM Fund Manager Warns of Derivatives Meltdown & “Open Season” On Your Bank Account!
by http://www.silverdoctors.com/
In the MUST WATCH video above, PM Fund Manager Dave Kranzler explains the colossal size of the derivatives market and the heads-Wall Street-wins / tails-Main Street-loses nature of this painstakingly rigged casino.
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Do you think derivatives are unregulated? They are–until a series of bets goes bad and starts toppling a bank, at which point rules materialize out of nowhere and meticulously provide for the looting of your checking and savings accounts to pay off the bad bets made by your bank.
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When (not if) the derivatives chain of dominoes starts to teeter, it’s going to be Open Season on your bank accounts.
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Say, what interest rate is your bank paying you to take on such a huge risk, anyhow?
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