Users Online Now:
GLP Poker Rooms
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 >>
Show How Much You Care with a Flu Shot Gift Card!
10 Weirdest Things Pulled Out Of People’s Butts
Double amputee moves prosthetic arms by intuitive thought
Feminism Backlash: Media Programming, Endocrine Disruptors, Will Men Find Their Hearts Again?
The Baltic Dry Index Has Never Crashed This Fast Post-Thanksgiving
Why There's No Ebola Vaccine
What is a New World Order?
How Nonprofit Hospitals Are Seizing Patients’ Wages
Cop: We Need Military Equipment Because of “Constitutionalists”
Forget North Korea: Watch Out for Chinese Censorship of Hollywood
Vermont Governor Abandons Single-Payer Healthcare
How Germany Was Partitioned. Lessons for Ukraine
EPA Declines to Classify Coal Ash as Hazardous Waste
Protesters shut down part of Mall of America in Minnesota
World War III - The Calm Before the Storm
EFF in Court to Argue NSA Data Collection from Internet Backbone Is Unconstitutional
Unacceptable Levels: The Chemicals In Our Bodies; How They Got There and What To Do About It
Satanic Temple Invokes Supreme Court Ruling to Force Display at Florida Capitol Building
US seeks to overthrow Venezuela government: official
Privacy will not exist in 10 years
Correction: Tonight isn't the longest night in Earth's history
Creep of the Week: Convicted Wall Street trader sues customer who turned him in!
Obama condemns Sony's decision to drop film, says US must retaliate and pass cyber bill
Bush v. Clinton In 2016? New World Order Dream Matchup Being Touted As ‘Inevitable’
Court Rules You CAN Be ‘Too Smart’ to Be a Cop
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.008s (12 queries)