Socio-Economics History Blog

Socio-Economics History Blog

All Hell Now Breaking Loose – This Crisis Will Rock The Global Financial System To Its Core

by mosesman

Mario_Draghi_QE-Europe_collapsing_ECB

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  • All Hell Now Breaking Loose – This Crisis Will Rock The Global Financial System To Its Core
    by www.kingworldnews.com  
    Today the man who first predicted Greek bank deposits would be stolen warned King World News that all hell is now breaking loose and this crisis will rock the global financial system to its core.
    –
    James Turk:      “The inevitable finally happened, Eric. The Greek financial system is collapsing. We can’t say yet that it has “collapsed” because we are not there yet. The collapse is just beginning. At this time, we do not know where all the pieces will fall….
    …
    The question running through my mind now is whether the weak link this time around will be the euro? Will it collapse and set off a chain of debt defaults and in turn unleash a wave of derivative explosions tied to euro debts and euro interest rates?
    –
    read more.
Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University, has warned that the so-called notional value of the worldwide derivatives market is over $1.4 quadrillion (Quadrillion = 1000 Trillion).
Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University, has warned that the so-called notional value of the worldwide derivatives market is over $1.4 quadrillion (Quadrillion = 1000 Trillion).

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