Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzI3ODEyNjY1XzkwMDhFREND] [b]The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System[/b] Most people have no idea that Wall Street has become a gigantic financial casino. The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end. The word "derivatives" sounds complicated and technical, but understanding them is really not that hard. A derivative is essentially a fancy way of saying that a bet has been made. Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before. Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion. The danger to the global financial system posed by derivatives is so great that Warren Buffet once called them "financial weapons of mass destruction". For now, the financial powers that be are trying to keep the casino rolling, but it is inevitable that at some point this entire mess is going to come crashing down. When it does, we are going to be facing a derivatives crisis that really could destroy the entire global financial system. [b]CONTINUE AT: http://theeconomiccollapseblog.com/archives/the-coming-derivatives-crisis-that-could-destroy-the-entire-global-financial-system[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
There is a Hit List and This is How Doctors End Up On It (8 dead in just 2 months!)
America Under a Psychopolitical Assault: Psychotropic Drugs & Communist Labeling of Mental Illnesses
Illegal Immigrants Outnumber Unemployed Americans
‘Science Supports Genesis’: Geneticist Says Evidence Confirms Biblical Adam and Eve
Meddling govt. gone wild: BBQ aroma leaving your property is ‘PROHIBITED’
Why Do French Children Never Get ADHD?
People Sign a Petition to make Cracker Barrel Change Their Name to Something Hilarious
Salmonella Outbreak In 11 States Linked To Sushi
Video: Jack Nicholson on Heath Ledger’s Death – “I Warned Him”
Google is partnering with NASA and 13 other companies, including Amazon and Verizon, to create an air-traffic control system for drones
Pastor Calls Out Church Hypocrisy On Gay People (Video)
Lack Of Foster Homes Forces Some South Carolina Children Into Hotels
CBS News On Jade Helm 15: California Holding Larger Drill In August
Why Did CERN Host A “Dance Of Destruction” Performance Art at Their Headquarters?
New Species Of Human Discovery Could Change Theory Of Evolution
Does Losing Handwriting In School Mean Losing Other Skills Too?
Fluoride & Cancer: The Dark Connections
We Should Think Twice Before Responding To Aliens Warns Scientist
EXPOSED: Obama Plans Huge Move for November That Will Send Crime Rates Skyrocketing
Explosive: The real reason Holistic Doctors are being killed and vanishing!
Silicon Valley Turn To Witchcraft To Exorcise Computer Viruses
Bill Gates To Roll Out Remote Control Microchip Based Sterilization of Women
NASA's Kepler Discovers First Earth-Size Planet In The 'Habitable Zone' of Another Star
BREAKING: OBAMA CALLS FOR TEA PARTY FLAG TO BE BANNED
Armed civilians are showing up at military centers across the U.S. saying they plan to guard recruiters after the tragic Tennessee killings last week.
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.007s (12 queries)