Tag Archives: ponzi scheme

The Coming Derivatives Crisis That Could Destroy the Entire Global Financial System


By The Economic Collapse

Most people have no idea that Wall Street has become a gigantic financial casino.  The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.

The word “derivatives” sounds complicated and technical, but understanding them is really not that hard.  A derivative is essentially a fancy way of saying that a bet has been made.  Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before.

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Inside What Job? A Film Review

By Gilad Atzmon
Peoples Voice

“There is definitely a fear among certain Jews in this industry…And it’s because it’s spreading past Wall Street now. There’s a growing animosity towards the wealthy, and especially the wealthy that have made money on Wall Street and real estate and finance, as so many Jews have—some legitimately, some not so. It’s very easy to generalise that it must be the entire Jewish people.” Jewish employee with a top New York investment bank who asked that his name be withheld.Jewish Journal (October 7 2008)

“Inside Job”, The Academy Award documentary film about the current financial crisis is a worthy documentary, and it certainly delivers on many fronts. It explains the disastrous shift within the American financial industry over the last decade, exposing the elements, the decisions and the people who destabilised the global economy. In doing so, it provides an insight into the systematic, faulty structures that transformed American financial services industry markets into a risky bubble. And it also explains why the bubble eventually burst.

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