Jim Kunstler Warns "An Unspooling Has Begun"

"With spring, things come unstuck; an unspooling has begun... There is plenty of dysfunction in plain sight to suggest that the financial markets can’t bear the strain of unreality anymore. "

  • Mar 23, 2018 2:25 PM

On Tuesday, February 5th, the Chairmen of the U. S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) testified before the U. S. Senate banking committee regarding regulation of cryptocurrency trading. Both agencies have recently brought major cases against, and issued cease-and-desist orders to multi-million dollar operations.