The Beginning of Financial Crisis

Michael Kinsman: I talk about three financial crises, one in 1998, one 10 years later in 2008. And the third one that's coming 10 years Later in 2018. Now clearly 2018 is an estimate. It doesn't mean it happens tomorrow at all, but no one should be surprised if it does. The fact is these financial crises happen every six, seven, eight years like clockwork. So we're pretty much due. We were days away, if not hours, from the sequential collapse of every major bank in the world. That's how close we came.

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