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Wall Street Setting Up Financial Armageddon

Published on Feb 19, 2013 by TheYoungTurks

“A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting reckless speculation, enhancing the prospect of another derivatives crisis, warn some market participants.”*

The Dodd-Frank financial reform law came into effect in 2007 in response to the financial crisis- it required safeguards for investors to cover losses on their derivatives trades. But what if investors found another, risky, way around that? That’s what’s happening now. Is it time to start the financial armageddon clock? Cenk Uygur breaks it down.

*Read more from Eleazar David Melendez/ Huffington Post:…

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2 Responses to Wall Street Setting Up Financial Armageddon

  1. carl hammel says:

    I like this dude because he believes in himself.However he disagrees with the Austrian school and is therefore a socialist.I’m fine with socialists but they need capitalists and free markets to entertain their fantasies financially.Put it this way.Anyone in a free market is free to leave it and form their own socialistic society.The problem results when the socialists come crawling back to government because there were none among the socialists from which to derive a living.Government is a necessarily socialist institution and therefore best kept to an absolute minimum.Cenk Ugur is not an economist anymore than Paul Krugman is.However he won a prize for economics by the same mentality that rewarded obama with a prize for peace.If Nobel ever had a conscience …However if you like to pursue such matters as economy or freedom go to mises or lew rockwell .com for many e books for free from spooner or bastiat or whoever.Even a newcomer(newcomer because he is extant,unlike most of my heros) like thomas woods.the only reason I wouldn’t want to engage him in debate is because there’s too little disagreement.And oh,yeah,it’s set up.The Rothschilds feel that we will fold when the fake dollar collapses,which they can literally do any day just by one bad open market day.For instance if the fed,through the Rothschilds,simply tells their puppet governments in China to quit buying our debt the federal reserve note will crash overnight.Because they announce they are done buying bonds.It’s global.And it’s not people against people or nations against nations.It’s one government against all people and it’s time the shit hit the fan.

  2. Steve Apple says:

    All this economical gobbledee goo,is just that,white collar nonsense! a true free market economy runs on the very simple equation of supply and demand,it is and always will be a self regulating market.It is impossible to have such a market without PRODUCTS and i mean real fkn products like planes trains and autos or any other tangible items.This printing money(debt based)by a private corp. and loaning at INTEREST and calling it “economic growth is insane.producing imaginary wealth out of thin air and swishing it around with nothing more than “faith” is INSANITY,these people are nothing more than ticks and leeches getting fat off the labor of others and should/will be treated like the pathetic parasites that they are.

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