SwissAmerica Chairman: "I believe we are on the edge of another Lehman-type meltdown"

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Craig Smith's belief that the economic system is on the edge of another meltdown is being echoed by many high ranking analysts and financial experts. On May 31, Robert Zoellick, the head of the World Bank, issued a warning that we are on the cusp of a return to the panic of 2008, and the very next day, market rumors began to erupt that Pimco and JP Morgan were cancelling summer vacations to prepare for a potential financial collapse in the markets over the next few months.