Tom Atlee: Derivatives as Fatal Cancer Discussion and Links

http://tom-atlee.posterous.com/derivatives-challenge-citizenship-and-economi Short URL: http://post.ly/83Ojt Dear friends, I’m interested in derivatives as a symbol of an economic system that’s NOT based on productivity that satisfies real human needs.  Derivatives are contracts that shift risk from players who are risk averse (and want insurance against loss) to players who have an appetite for risk (and want a …

Paul Craig Roberts: Collapse at Hand – and ONE THING an Honest Government Could Do To Make It All Right

Collapse At Hand Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for savers and bond holders when the US government is adding $1.5 trillion to the national debt every year …

Mini-Me: Greek Banks Run, IOUs New Drachma–Five Different Economies Running Side by Side in Greece

Huh? Greeks Bank Run; Lines Form at ATMs; Nearly $1 Billion Withdrawn in Past Week Without a government for the last eleven days, and amid mainstream discussion of a Euro Zone exit, the Greek people are realizing that the economic and political system as they know it is rapidly descending into chaos. With massive jobless …

David Stockman: Emperor Naked, Bond Market Explodes Next

The Emperor is Naked: David Stockman Testosterone Pit, May 9, 2012 Contributed by Karen Roche and JT Long of The Gold Report. A “paralyzed” Federal Reserve Bank, in its “final days,” held hostage by Wall Street “robots” trading in markets that are “artificially medicated” are just a few of the bleak observations shared by David Stockman, former Republican …