What causes the US Economic Crisis? What causes the down fall of the USD?
Here is the current situation: Derivative securities known as “toxic waste” that are in the process of taking down the entire worldwide financial system and that were created by the obtuse “financial engineering” were characterized by Warren Buffet some years ago as “financial weapons of mass destruction.” The mortgage-backed securities known as MBS’s, which took on various forms such as CDO’s, CMO’s, SIV’s and other subprime, and now Alt-A and prime, alphabet derivatives, form the part of the WMD arsenal known as “neutron bombs.” That is because the assets used to secure these neutron bomb derivatives remain standing after they explode, but the investors which own them are vaporized by the explosion. And now the Fed is acting as the general contractor for the massive salvage operation, as the balance sheets of the banks, investment banks and brokerage houses continue to deteriorate due to neutron bomb detonations and psychopathic levels of leverage which have been notably attained by
