The $531 Trillion Dollar Derivatives Time Bomb

What are derivatives? Some investors describe them as “dormant economic weapons of mass destruction”. They essentially are large leveraged bets on top of stocks, bonds and commodities. Money can be made within months or seconds by betting if a stock will go up, down or even remain the same. With no credit rating you can place a bet worth double your account balance. Big time investors get greater leverage with these instantaneous loans. Continue reading

Betrayal of the People By Wall Street, Banks, and Government

30 years of relations with china, Most banks wont pass the stress test, tax revenue plunges, large scale layoffs, GM in desperation move with bonds, Shareholders going after Bank of America, more real estate foreclosures, now we pay the price for allowing Wall Street to run rampant. Continue reading