Commodity Trade Mantra

Posts Tagged ‘Russian Roulette’

Derivatives World Plays Russian Roulette. What’s At Stake?

Total face value of unregulated derivatives contracts (that suck a huge amount of capital out of the global economies each year) is around 1,000 Trillion dollars – depending on who is counting & who is lying. Mega banks sell these derivatives contracts to generate huge commissions & obscene profits, not the public good.

Derivatives And The U.S. Government Shutdown

The universe of derivatives deals has grown much larger than in 2008, effectively untouched by President Obama’s so-called financial reforms – Even if the whole planet were offered as collateral, it could not cover Wall Street’s bets.

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