Hal.P.

Beware the Current Bull Market in Derivatives

I wish the news media would target this area for closer inspection too, but I don't think anyone can wrap their heads around what the derivatives market is and how it relates to them. Heck I can hardly get my head around it. The world wide number is... well... it's a heck of a lot bigger.

The Banking Panic Isn't Over

Good article. I think we are yet to see the worse to come too. Like then, what is taking place is an attempt to not face the bad decisions head on and accept the consequences and let banks and investments fail. The hope is that by merging good with bad that the good will somehow heal or spread the failure across the system so that it won't hurt as much.

But that's not how it's going to work. Gangrene has set in and must be cut off. Merging is only going to spread the sickness and increase it bringing everyone down hard, just like it did back in the 1930's. It's one of the reasons that China is doing it's best to shore up their gold holdings and get rid of as much US debt holdings as they can. They see the dollar as a dead man walking.

Banks And Consumers Say No to More Debt

Great article.

Totally agree that the consumer gets it and DC doesn't. The thing with DC is power, and debt equals power for them.

Gem Hudson said, "He who has the gold makes the rules."

Well, start getting some gold and savings and getting out of debt.

FDIC Watch: Agency's Insurance Commitments 34% Higher than Reported

Great insights here. Thanks for the in depth work on putting this together. It is indeed a giant Ponzi scheme. Legal of course because the government declares itself exempt from the law.