HowardDeclare Derivatives Null and Void
October 10th 2008 05:05
Real Crash- Looking at Capitalism and its Laws:
What's a Derivative?
How about declaring derivatives null and void? This is the real issue of the bailout schemes. The bailout schemes are not working. Look at AIG Insurance, they got $80 billion, and just sucked in from the US Treasury another $37 billion. And they had the $440,000 party after they had the bailout at their HQ, showing how Nero-like, fiddling while Rome burns, they are too.
Derivatives are casino-bets on the value movements of currencies, bonds, stocks, mortgages, etc. that were created and expanded in the too long Fed Chairman Alan Greenspan era. If you Joe Schmoe, do not get the US Government, and then other govt to declare derivatives null and void, that's it. Don't worry about invading Iraq, etc. The chaos of Iraq is coming here, through good old white, black, etc, born-here Americans, who claim that this stuff about derivatives is just too darn complicated. LaRouche has a statement on it, for more gorey details. Sorry I couldn't do a song, this is too crazy.
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