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 >>
Alien Egyptian Artifacts Discovered In Jerusalem
How MK Ultra Used Subliminals to Control the Minds of America
Congress Declares Martial Law as Dollar Rapidly Collapses
Unbelievable Scam of Cancer Industry Blown Wide Open
Feminists Force Clothing Line To Remove ‘Happy Girls Are The Prettiest’ Shirts Because It’s Offensive
NASA About To Make An’Amazing’ Announcement About Pluto
Researchers Grow ‘Mini Human Brain’ In A Lab
Scientists Finally Prove That Life After Death Exists
Native Americans Now Have Full Legalization of Marijuana On Reservation Lands
Assassinated Author Predicted Rise In School Shootings In 1991 Book
Matt Drudge: Independent News Is About To Be Killed
Biblical City of Sodom Finally Uncovered in Jordan Valley?
Brace Yourself: The Old Farmer's Almanac Is Predicting Another Snowy Winter
Something Strange Is Happening At The North Pole Of The Moon
How did these three inmates beat three Harvard students in a debate?
Underground City Of Giants Discovered In The Grand Canyon
Behold a Pale Gun Confiscation Agenda
Electromagnetic Pulse: One Day We Will Wake Up In An America Without Electricity And Society Will Totally Break Down
Obama Preparing More Executive Actions on Gun Control
Matt Drudge Drops Bombshell Warning in Surprise Interview — “I had a Supreme Court Justice say to me it’s over”
Aliens Exist: Here Is The PROOF
Moon Landing A Hoax? Here’s 10 Reasons Why
Nobel Prize for Physics for discovering the mass of neutrinos
WATCH: Fire ants form life rafts out of their own bodies in order to survive historic flooding in South Carolina.
America's cities will collapse into utter chaos the day the EBT cards stop working
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 0.006s (12 queries)