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We collectively need to be aware of an impending credit collapse that could lead to a liquidity crisis in excess of what occurred in 2008. 1)
Many have been predicting the pop of the Everything Bubble for some time. Europe's off balance sheet derivatives are in excess of 2008. 2)
In the UK, there was a derivative run on Gilts (pensions) that the Bank of England had to provide emergency lending to stave off. 3)
