I am increasingly finding myself drawn to ZeroHedge.com to further my education regarding the current financial crisis involving the banking/financial system. It’s also refreshing to read this website after seeing the tripe served up by the mainstream media.

I read an article this morning regarding ‘Why The UK Trail Of The MF Global Collapse May Have “Apocalyptic” Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else.’

The article draws heavily on Reuters for it’s references which is always a little bit more reassuring. It’s not a quick read but it explains how financial investments are leveraged up to four times larger than they should ever be within the shadow banking system and how this has led to a situation where one weak link in the daisy-chain of debt can now bring down the whole house of cards and more than likely will at some point.

I consider it essential reading for anyone who wants to become more knowledgeable about this subject and if you’re in business or have anything to do with money (all of us, in other words) you really should try and keep abreast of what’s going on in the higher echelons of financial ‘society’ because their shenanigans affect us all.