OTC Hockey Stick Problems Of The Derivatives Beast
Once again, I will try to approach the biggest financial monster on earth, bar none: the Derivatives Beast. This bizarre creature was born the day the dollar was devalued and began its swift death when Nixon completely cut the ties between our paper IOUs and gold. 'Let the markets set the relative value of everything against the dollar. Let all things vacillate wildly as speculators and traders bet against the rise and fall of all things vis a vis all currencies in the world. And gold will cease to be a money and will now be a commodity just like wheat or oil!' And so, the trade problems and insecure financial problems began to grow and accumulate until we now have a hysterically big monster, the Derivatives Beast, that expresses INSECURITY in all systems. And It has grown to such vast size, it is bigger than all of the value of the entire planet earth! So we shall go back in history to examine the birth and growth of this Beast.
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