Why The Next Financial Crisis will be Worse than the Last

Investigative journalist Nomi Prins, and author most recently of All the Presidents’ Bankers and Collusion: How Central Bankers Rigged the World, explains why the U.S. remains in a precarious economic situation, as does the world. Financial bubbles pervade the world. If there is another financial crisis in 2018 or later, it will be worse than the last one because the system remains fundamentally unreformed; banks remain too big to fail. Trump’s trade war and nationalism, coupled with bank deregulation, increases risk. When markets fall back to earth – the drop will be quick and painful.