Shadows appear to me to be of supreme importance in perspective, because, without them opaque and solid bodies will be ill defined. Shadow is the means by which bodies display their form. The forms of bodies could not be understood in detail but for shadow.
— Leonardo Da Vinci
I again held the above titled presentation at the Freie Universität Berlin as part of a lecture series about financial crises and the monetary system organized by the Kriwi Berlin student group. I was pleased to hear, that the now annual lecture series are gaining in popularity and that I was therefore allowed to hold my presentation in front of a somewhat large audience.
I also had the feeling that broader understanding was better this year, with many pertinent questions being asked. The lecture was not recorded, but in case you are interested, you may find the freshly optimized slides below:
With the shown videos being these two:
Complementarily to that, you may also find my recent post on the preparation literature useful :). (More about the general sources here).
The ultimate goal would be to be able to understand – though not necessarily agree with – the following three Zero Hedge master pieces:
- Desperately Seeking $11.2 Trillion In Collateral, Or How “Modern Money” Really Works
- The Fed Has Another $3.9 Trillion In QE To Go (At Least)
- $707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months
And as these articles are a little bit older (and focus on the negative), here is the most recent update by the IMF on the broader current financial landscape:
Gordon Schücker 
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