They want us to believe that one man with a keyboard and trading desk can trade over $50 billion dollars worth of trades and nobody noticed? I don’t think so.
What this trader has shown is how corrupt and fragile the entire world financial system is. This disaster is not about one French trader who “acted alone“. Without the system to allow his trades he would never have been able to do anything. This financial scandal might have happened in France, but the real cause and underlying problem here is the entire interest based credit based world financial system.
Everyone should see this video on How Money Works – how money is made and used against us. The current financial crisis is about liquidity and credit. There is no more money left and the gold standard died decades ago. What is holding up the entire system is “credibility” and “confidence” in a few countries – England, USA, and Japan.
This house of cards is about to collapse and this might be the catalyst.