The entire financial system has turned into a giant gambling casino. The notional value of derivative contracts we know about (OTC) exceeds $700 trillion. This is 20X the world's GDP tied up in various contracts. How can anyone know how and what to invest in?
Congress, and only congress is constutionally granted the authority to create and regulate the US dollar. Congree created the Fed, who (especially under Greenspan) promoted and encouraged this derivatives bubble.
If we want our nation to survive, we need to act now, and tell congress to:
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The entire financial system has turned into a giant gambling casino. The notional value of derivative contracts we know about (OTC) exceeds $700 trillion. This is 20X the world's GDP tied up in various contracts. How can anyone know how and what to invest in?
Jul 14 15:11 pm
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All Comments by sivere »Plan B: Nationalization [View article]
Congress, and only congress is constutionally granted the authority to create and regulate the US dollar. Congree created the Fed, who (especially under Greenspan) promoted and encouraged this derivatives bubble.
If we want our nation to survive, we need to act now, and tell congress to:
NationalizeTheFed
xFed.mobi (mobile)