"There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis."

◼ The next financial crisis will be hellish, and it’s on its way - Addison Wiggin/Forbes

"Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out."

◼ Fed Now Largest Owner of U.S. Gov’t Debt—Surpassing China - CNS

◼ Total public debt outstanding Nov. 15 15,033,607 - Yahoo Finance