Next financial crisis – blind spot of neocapitalism: Shadow Banking – ETF Blackrock and 75 trillion dollar Ponzi scheme collapses – Wem gehört die Welt? Herr Jakobs

“Shadow Banking: This is the blind spot of neo-capitalism. The next crisis, I predict, will arise in this sector.” (Book: Hans-Jürgen Jakobs: Who owns the world? – The power relations in global capitalism) “The shadow banking system (or shadow financial system) is a network of financial institutions comprised of non-depository banks — e.g., investment banks, … Continue reading Next financial crisis – blind spot of neocapitalism: Shadow Banking – ETF Blackrock and 75 trillion dollar Ponzi scheme collapses – Wem gehört die Welt? Herr Jakobs