Here is a typical example of how the huge Derivatives Beast is ignored by economists pretending to understand what is going on in the world. I have explained for years how the derivatives game suddenly appeared during the years banks were deregulated and offshored. This game meant NO CAPITAL was needed for lending and bankers lent money they didn’t have to all and sundry with wild abandon. Then, when debt deals went bankrupt, there was no capital base to cover losses and the entire system suddenly collapsed in 2008.
Tag Archives: OCC
Derivatives Contraction Is Leading Cause Of Bank Deflation And Credit Crunch: Economists Ignore This Fact
EASY READING CULTURE OF LIFE NEWS: RETURN POWER TO THE OFFICE OF THE OCC! « Culture of Life News 2
One of the top Freddie Mac executives executed himself. These economic games can be deadly. Instead of facing reality, taking on the pain of loss, some people prefer death which is understandable: if they don’t appreciate life, the alternative isn’t so dark. The entire system is run by people who focus on creating wealth but refuse to pay the price of this wonderful wealth when the Goddesses suddenly decide, it is time to balance the books, zero out the bottom line and restore order. The entire US financial system is out of order and we see officials and bankers struggle to KEEP IT OUT OF ORDER. Not, be honest and restore sanity. Continue reading
EASY READING CULTURE OF LIFE NEWS: THE DYNAMICS OF THE DERIVATIVES BEAST « Culture of Life News 2
The little drama of ‘The Black Hole’ is an office employee discovers a magic hole that lets him reach into any hidden or locked places. He is greedy and uses it to get into a safe. As he reaches deeper and deeper, he falls thorough the hole into the safe, which he now cannot escape. This is a good analogy for the Derivatives Beast. This dark, occult creature was created so humans could be greedy and reach into locked places and steal wealth. Now, they fell into the hole and are trapped and no matter how much wealth we pour into the safe to save these crooks, they can’t escape and the money flowing in makes things worse. The news today about all this is important: we are trapped for sure. Thanks to AIG’s counterparty business with a bunch of gnomes and pirates. Continue reading