In 1973, three brilliant economists, Fischer Black, Myron Scholes, and Robert Merton, discovered a mathematical Holy Grail that revolutionized modern finance. The elegant formula they unleashed upo...
In 1973, three brilliant economists, Fischer Black, Myron Scholes, and Robert Merton, discovered a mathematical Holy Grail that revolutionized modern finance. The elegant formula they unleashed upon the world was sparse and deceptively simple, yet it led to the creation of a multi-trillion dollar industry. Their bold ideas earned Scholes and Merton a Nobel Prize (Black died before the prize was awarded) and attracted the elite of Wall Street.
In 1993, Scholes and Merton joined forces with John Meriweather, the legendary bond trader of Salomon Brothers. With 13 other partners, they launched a new hedge fund, Long Term Capital Management, which promised to use mathematical models to make investors tremendous amounts of money. Their money machines reaped fantastic profits, until their theories collided with reality, and sent the company spiraling out of control. The crisis threatened to bring markets around the world to the brink of collapse.
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Wall Street is a rigged system of lies to steal your money. Goldman, JPMChase, MorganStanley, CIT, BOA, AIG: frauds. The Federal Reserve, US Govt Economic Data: frauds Bernanke, Geitner, Paulson, Blankfein, Dimon, Pandit: frauds Comex gold/silver futures contracts backed by nothing: frauds Don't get screwed folks, stay away from these snake oiled thieves. Own physical (in your hands only) gold and silver bullion.
the US should follow the Russian lead and default on it's international debt and it's debt to the FED then repeal the Federal Reserve Act taking back the monetary authority it gave to the FED..the FED was a scam the bankers got passed on Christmas Eve when very few members of congress were present
corrupt greedy money manipulators it happened in 1997 and they did it again in 2008 these corrupt money hungry bastards have destroyed so many lives for their own enrichment.. they should be rounded up and shot
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Wall Street is a rigged system of lies to steal your money.
Goldman, JPMChase, MorganStanley, CIT, BOA, AIG: frauds.
The Federal Reserve, US Govt Economic Data: frauds
Bernanke, Geitner, Paulson, Blankfein, Dimon, Pandit: frauds
Comex gold/silver futures contracts backed by nothing: frauds
Don't get screwed folks, stay away from these snake oiled thieves.
Own physical (in your hands only) gold and silver bullion.
STARVE THE BEAST!...and stop the music.
Cash is history...
The Golden Rule.....
He with the Gold Makes the Rules,......
Buy gold now, or you will be on the streets under a bridge withing 18 months........