The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system. Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing.

Everyone wants a trend they can trade for effortless gains. That may no longer be realistic.

What the Warring Elites don’t want us to realize is that a system of transparent competition in which no fiefdom is allowed to become dominant best serves the interests of society at large.