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« Wake-Up Call - 12/23/11 | Main | Wake-Up Call - 12/16/11 »
Monday
Dec192011

Wake-Up Call - 12/19/11

DateDecember 19, 2011

Derivatives And Debt: A Fateful Combination

A brief restatement of the definition of derivatives. The difference between exchange-traded and privately held derivatives. The horror of the magnitude of private derivatives. Why they will bring down the entire financial system. Why and how empires fail. The nightmare of unfunded retirement and why America risks becoming a land of vast tracts of impoverished old people. Why the GDP figures are not to be believed – what they really represent.

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