KW: It is still obvious to even the slightest of enquiring mind that the world is ‘somehow different’ and this is true in the financial sector particularly where financial derivatives, synthetic instruments traded between banks are obvious targets for collapse. Why else would JPMorgan Chase be fined and cough up nearly $1billion in fines folowed by other banks with $100 million here and another $100 million there. Truth is their criminal trading is out of control and paying such huge amounts in fines is just so they can keep on playing this game of ‘last man standing when the misuc stops’ again and again when the most criminal amongst them (The Federal Reserve) simply loses control of the banks’ rampant gambling- with your and my futures. Unsurmontable debt created out of thin air by Central banks the world over have created a false sense of security because nothing major has happened yet, but it has. The unsurmountable debt is there and the fuse (derivatives) has been lit, so any time soon is my bet.
…while COVID may be the catalyzer for the oncoming financial blowout, it is the height of stupidity to believe that it is the cause, as the seeds of the crisis goes deeper and originated much earlier than most people are prepared to admit.