There is a quadrillion-dollar powder keg sitting at the center of the world financial markets. If the economy keeps on it present course, it will be ignited into a financial supernova. This is the result of the combination of greed and computers—derivatives.
The Derivatives Powder Keg
Derivatives are financial instruments whose values are derived from something else [...]
The growing economic meltdown is a wake-up call that our infinite growth bubble has burst. After the house of cards finishes falling, there will be only one viable economic solution left standing, a steady-state economy. We will have a limp-along economy during the rocky top of peak oil for a while, but then its powering-down [...]
Locking up the land has been a great way to concentrate wealth, and for a minority to dominate the majority. In England .28 percent of the population owns 64 percent of the land. In the United States the top one percent of the population now owns more than the bottom 95 percent. The rest of [...]
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