American expert: "The bubble 1.5 quadrillion dollars in derivatives is about to fall on the world economic system"

"The economy and the financial system of the United States is like a house of cards that is about to collapse."

In the world that has accumulated 1.5 quadrillion dollars in derivatives, the "financial bomb" could explode at any time. He writes on Global Research analyst Stephen Lendman US, claiming as the most likely scenario would be likely to make it through the Great Recession of 2008 and 2009 as a minor.

Data from the Bank for International Settlements, the financial institution that coordinates the activities of central banks, show that there are about 700 trillion of derivatives globally. Along with the so-called credit default swaps (also known as CDS, the "credit default swap") and "other exotic financial instruments", the total value of the derivatives assumed the figure senseless 1.5 quadrillion dollars. It 'a value 20% higher than that of 2008, a flood that occurs when a financial chaos is coming. 

For years, Warren Buffett has described as "bombs" financial derivatives for the economies and ordinary citizens, reminds the expert.

The Federal Reserve, the US central bank, controlled and managed by Wall Street, is the root of the problem, not the solution, says the analyst. On Wall Street "money used to buy political interests as if they were toothpaste," he added.

"Financial deregulation has turned Wall Street into a casino without rules. We are waiting for a fatal error. It 's just a matter of time," says Lendman.

"The economy and the financial system of the United States is like a house of cards that is about to collapse."

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