Lies, Lies, Lies: The New Foundation of The Financial System, By Bill Bonner
ORIGINAL ARTICLE The days are dwindling down fast now. There are only a precious few left in 2010. The Dow rose 40 points on Friday. Gold fell off $7. But let’s forget the market action for a little while…most of it is noise anyway. It is time to relax a little. Time...What Are Derivatives And Why Should You Care?
This morning’s article in the New York Times “Post Meltdown: Banks Still Rule Derivatives Trade” at: http://www.nytimes.com/2010/12/12/business/12advantage.html?_r=4&nl=todaysheadlines&emc=a2and the MUST-WATCH PBS Frontline Special “The Warning” at http://www.pbs.org/wgbh/pages/frontline/warning/view/ provide everything you need to know about this timebomb.