Episode-79 The Quadrillion Dollar Derivatives Time Bomb [ 42:03 ] Play Now | Play in Popup | DownloadHow in the world can we have a quadrillion dollar problem when there isn’t anywhere near a quadrillion dollars in the world? What the hell is a derivative and why should the average person care? This may not be the most practical action podcast we do and it may be a bit hard to understand some of the points but I felt that I needed to discuss this with my listeners because it is in the words of Warren Buffet a “financial weapon of mass distruction” and it may go off any day! Global thermal financial war!
Tune in today to hear…
- Exactly what a derivative is
- Why derivatives are the largest black market in the world today
- How at one time derivatives were almost outlawed as illegal gambling
- The ponzi scheme that may fall apart and tank the global economy very soon
- The very few real options we have to dismantle this weapon and why it might be to late anyway
- The real reason the Fed saved AIG and Freddie and Fannie
- Why foreign investors are running to the dollar even though it is screwed
- Why banks stopped loaning money to each other, it has little to do with sub prime mortgages
- The bull shit story from the government about the mortgage market – it could be fully paid off with 200 billion – so why 700 billion in the bail out.
- The continued pumping in of money by the Fed – 540 Billion Yesterday alone
Resources for today’s show
- The Fed Pumps ANOTHER 540 Billion into the Banking System
- It’s The Derivatives, Stupid! Why Fannie, Freddie, AIG Had To Be Bailed Out – Best article on derivatives I have seen
- Depository Trust, LCH.Clearnet to Combine in $951 Million Deal
- Will the Bail Out Equal Hyperinflation – Um Yea!
- The Derivatives History – Yes it almost was made illegal as a form of gambling
Videos for Todays Show From YouTube (watch these after my show)
The first one emphasizes a bit to much on the mortgage market but he gets most of it right!
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