Posts Tagged ‘David Malone’

The 1% prepare for the next financial crash

September 24, 2014

The past 30 years have seen a series of financial crises, each worse than the previous one, followed by a government bailout.  David Malone, a documentary filmmaker turned financial journalist, said the world’s financial elite see another crisis coming, which will be the worst of all.

Rather than try to prevent the next crisis, he wrote, the financial elite are preparing to secure themselves from harm.  This means neutering the ability of national governments to regulate banking or restructure debt.   This includes international trade sgreements that would make freedom from regulation a binding obligation under international law.

With government rendered powerless, international bankers and financiers, as their creditors, would have the power to dictate.

There’s more.  Read his two articles to get the full story.  This is speculation based on circumstantial evidence, but it seems plausible to me.

LINKS

The Next Crisis – Part one by David Malone as Golem XIV (via Naked Capitalism)

The Next Crisis – Part two – a manifesto for the supremacy of the 1 percent by David Malone as Golem XIV (via Naked Capitalism)

(more…)