The Analysis News has the interview Time Bomb in Global Finance – Rob Johnson.
A Bank for International Settlements study says 60+ trillion dollars of off-the-books currency swaps could be a profound, systematic risk. Robert Johnson joins Paul Jay on theAnalysis.news.
I knew how to protect myself from the crash of 2008/2009, but I am not sure I know how to protect myself from the next disaster. What is being described here is the greatest reason why I am so angry at Obama for bailing out the Wall Street crooks and refusing to prosecute them. Remember that Obama specifically chose to go to Harvard so he could learn where the levers of power were. He learned only too well, and he refused to use that knowledge to protect the people who voted him into power.
I have already taken some more extreme measures than I took in 2008. I hope these measures are enough.
This is probably the Bank for International Settlements report that was the subject of the above video Dollar debt in FX swaps and forwards: huge, missing and growing