GREED & FRAUD... setting us up for another crash

(Part 3 of a series)
Are you ready for the Western world’s economy to crash -- again?

More banks will go under. Many tens of thousands of people will again be thrown out of work. Billions of dollars in "investments" will disappear into thin air.

I believe it’s not a question of “if” financial markets and the economy will crash again, but “when.”

Boom and bust economies are features of unfettered capitalism. There have been more than 20  major international and national economic collapses since the early 20th century.

But now the threat of a nuclear-scale financial implosion is more likely than just an economic downturn or a mere correction.

Many of the big investment banks that caused the near-meltdown in 2007-08 -- well known firms such as JPMorgan Chase and Barclays Bank -- are now more deeply involved than ever in dangerous, aggressive, and even often unethical and/or fraudulent activities.

Economist Joseph Stiglitz, a Nobel Prize winner, warns  that “a resurgence of right-wing economics, driven, as always, by ideology and special interests, once again threatens the global economy -- or at least the economies of Europe and America, where these ideas continue to flourish.”