The more frequent financial destabilizations of late are but a symptom, while the redistribution of wealth itself is the core illness that has in fact directly lowered economic growth by reducing overall aggregate demand -- which is the willingness of consumers, investors and government to spend or invest.
It has enabled the internet and a consequent democratization of all sorts of arts and information, as well as the ongoing destabilization of financial institutions via distributed money transfers.
Thereby, through an act of blatant opportunism they were adding to the destabilization of the financial markets already at the edge.
"I would call it a broad strategy for the range of Iranian malign activities: financial materials, support for terror, destabilization in the region, especially Syria and Iraq and Yemen," said another senior administration official. .
"The bailout at taxpayers' expense is contributing to a further process of destabilization of the financial architecture by transferring large amounts of public money into the hands of private financiers.
In the past, German and other European leaders have made last-minute maneuvers to keep Greece in the euro, precisely because of fears that an exit would carry too high a cost, from bank collapses across Europe to destabilization of the global financial system.
In any case, the banks' concerns, particularly in the weeks before October's presidential election, added to the destabilization in the nation's financial system.
"Consumer financial products were the front end of the destabilization of the American economic system," Warren said at the time.
Since crude oil prices are interlinked to various financial assets, this result translates itself to different derivatives and the economy, and this destabilization effect is largely under the influence of persistence in oil prices and also in the external shocks that oil prices are subject to.
