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Message Subject
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Fight the Derivatives Cancer with a Wall Street Sales Tax, Plus Bans on Hedge Funds, Credit Default Swaps, and Synthetic CDOs - Webster G. Tarpley
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Poster Handle
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titanic1 |
Post Content
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I like Tarpley, he explains things well and clearly, it is just mind blowing that there is 1.5 quadrillion in derivatives outstanding. The Gross Domestic Product of the World in 2007 was 65.61 trillion to give you an idea of how it dwarfs the output of the world substantially. [ link to www.economywatch.com] Warren Buffet called derivatives, financial weapons of mass destruction. [ link to news.bbc.co.uk]
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