Phantom Profits, Financial Derivatives, and the Rise of Credit/Debt ultimately benefits a specific class – we can see where this policy leads.
Even economists are beginning to wake up to this wealth transfer and zombie corporations.
Phantom Profits, Financial Derivatives, and the Rise of Credit/Debt ultimately benefits a specific class – we can see where this policy leads.
Even economists are beginning to wake up to this wealth transfer and zombie corporations.
Bix Weir of RoadtoRoota.com says, “I do believe it will be this year that they end the manipulation and end this monetary system…
Maduro needs money fast as the six-month, 56 percent plunge in oil has derivatives traders betting there’s a 75 percent chance that Venezuela will default in a year and 97 percent probability that it will happen within five years. -bloomberg.com
“Theoretically, we are protected by deposit insurance up to $250,000 in the U.S. and 100,000 euros in Europe. The FDIC fund has $46 billion, the last time I looked, to cover $4.5 trillion worth of deposits. So, even though we are protected by the FDIC, the FDIC is not going to have the money… This makes it legal for these big 30 banks to take our money when they become insolvent. They are too-big-to-fail.
Four banks – Royal Bank of Scotland and JP Morgan (both again) as well as UBS and Credit Suisse – were found to have operated a cartel on bid-ask spreads of Swiss franc interest rate derivatives.