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SEE PART 2 HERE: http://www.youtube.com/watch?v=sIinDKN2iDM&feature=channel_page
The Interest Rate Swap OTC Derivatives market was launched after Nixon cut the gold peg to the dollar. Since 1984, it has grown from a trillion dollars in size to over $170 trillion. This is, by far and away, the biggest bubble on earth. And is still here, is out of control and it is the cause of the top 5 remaining bankers [there used to be 9 of them!] crashing into bankruptcy.
So this video is part 1 of a two part series that explains how this works.
So basically...the derivatives beast is Godzilla and the US economy is Japan? :)
MyLittleFunk 2 years ago