Mark Mobius, of Templeton Asset Management has said that another financial crisis is inevitable because the issues haven’t been resolved.
“Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes…The total value of derivatives in the world exceed the total global gross domestic product by a factor of 10... Are the banks bigger than they were before? They’re bigger…too big to fail.”
These derivatives are the way the gigantic financial institutions gamble, and create enormous wealth for themselves by their trading activities. I don’t care how wealthy anyone gets, if it is a legitimate way of doing business, but when the banks are risking the livelihoods of all of the rest of us, when the economies of
and the world are put at risk so they can make fortunes that will last for generations, I object. America