Banksters get bailouts when their massive ponzy scams fall flat. Learn about DERIVATIVES people!
From Josh Holland of Alternet.org, “A derivative is a piece of paper that can be bought and sold for real money but isn’t attached to a real asset. Its value is simply derived from something tangible — hence the name. You hear a lot of talk these days about the “real” nuts-and-bolts economy, and derivatives are in essence the exact opposite: They represent an unreal economy, created by financiers in mahogany-paneled office suites in New York and London, and it’s this shadow economy that teeters on the edge of collapse today, threatening to bring down much of the real economy with it.” definitely READ MORE HERE.
Derivatives are NOT just an American institution, read how this practice has weakened Indian economics.
Also here. And I could find an article like this for almost any first world nation.
How deep are our banks into derivative speculation? Check out this chart from EMSnews blog:
The graph relates to what degree each banking institution invests in high-risk derivative markets. Reading the article I plucked this graph from will help you understand what the numbers really mean, but the summation is that international banking has become a casino.
We deserve better. We can all get more from this world when we know more. How? By knowing what we want and asking for it. When necessary, demanding it in solidarity.
As a chocolate maker I have all too often thought of myself as an artist of craft only, and somehow this delusion lead me to view craft and business as separate. This 2009th year is all about relearning business as art and craft. Wall Street banksters got a jump on me and crafted a piece of work that sold and continues to sell for trillions of dollars of citizen capital! And I thought I was a successful artist.
TRY THIS ON FOR SIZE, its Bill Moyer’s excellent PBS interview with economist William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. It’s not a fast paced flashy piece of journalism, but it does lay out most elements of our current financial crisis in simple, palpable terms, and the simple truth is beyond shocking.
If you’re ready to dip deeper down the rabbit hole, watch The Obama Deception (this little doc should come with ant-acid):
If you get one thing from this editorial video, let it be that that office of US President functions more as PR than CEO. The debate then becomes, “Whose PR campaign is the President running?”
Please believe me, I wish Obama and his family the best. Further still, I wish nothing more than to realize in Obama’s Presidency all the honor, integrity, passion and promise of which our country is founded upon. Holding the space of hope in these times of immense transformation is a heavy calling. I pray that our future reveals how the allegations in this video are exaggerated and untrue. Yet its that naturally recognizable kernel of truth stated which prevents me from denying this editorial, and indeed compels me to post it here for the purpose of hosting discourse and dialogue.
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