Wednesday, September 18, 2013

CASSANDRA, NOSTRADAMUS, VANGA, CASEY & CLARION TRUMPHETS TOO: ELLEN BROWN AND

 
 
 
 
The Armageddon Looting Machine: The Looming Mass Destruction From Derivatives, 09/18/2013

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. The result is to create perverse incentives for the financial system to self-destruct.

Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd-Frank legislation designed to contain it. As noted in a recent Reuters article, the risk has just moved into the shadows:
[B]anks are pulling back their balance sheets from the fringes of the credit markets, with more and more risk being driven to unregulated lenders that comprise the $60 trillion "shadow-banking" sector.

CONTINUE ... 

http://www.huffingtonpost.com/ellen-brown/the-armageddon-looting-ma_b_3944739.html 

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