ALERT: Nomi Prins Issues Dire Warning – We May Have Just Witnessed The Trigger For The Next Global Collapse

• ALERT: Nomi Prins Issues Dire Warning – We May Have Just Witnessed The Trigger For The Next Global Collapse 
  by www.kingworldnews.com 
  Today Nomi Prins, the keynote speaker who recently addressed the Federal Reserve, IMF and World Bank, issued a dire warning to King World News that we may have just witnessed the trigger for the next global collapse.
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  Eric King:  “We saw the global financial system come unhinged as a result of the mortgage-backed securities scheme from 2007 – 2009.  Do all the derivatives and junk bonds tied to the energy sector have the potential to cause a similar level of panic and chaos in the global banking and financial system?”
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  Nomi Prins:  “It does have that potential for a similar reason, which is that a very small amount of underlying collateral in the energy sector and other industries that are dependent on profits from the energy sector for their own revenues, a small number of those can create a much larger ripple effect… when something starts to unravel at the core of a trade or a derivative, it can spiral into a major problem for the global banking and financial system.”
  …
  the only question left will be: 
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  “How bad will the global financial destruction ultimately become and how devastating will this be for people around the world?” 
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  read more.

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