Posted on 10/25/2011 4:54:18 AM PDT by alexmai
There is currently $600 trillion in derivative positions on a global economy of $60 trillion. Not a problem eh?
The “cause” is the BANKS lootin and pillaging.They deliberately helped Greece hide its debt.
The “problem ” was the US allowed the banks to defraud the western world.
Finance Superstars Talk About the Massive Fraud in Our Economic System
Nobel Prize-winning economist Joe Stiglitz stated how reducing transparency and hiding information was an essential element to the crisis. Stiglitz concluded, “Innovation was regulator and tax arbitrage Wall Street and the banks deliberately added opacity and complexity to confuse clients and consumers. ”
(Excerpt) Read more at investmentwatchblog.com ...
And what about the thousands of people killed around the world each year as a result of choking? Don’t you agree that it is time that we ban food?
Why? What do derivatives do that causes recession? Be specific.
read this: http://investmentwatchblog.com/whats-a-derivative-why-the-fed-doesnt-want-you-to-know-about/
I think it will answer your question
You can’t cut and paste the part about derivatives causing a recession?
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