The Runaway Derivatives Time Bomb: A 1,200 Trillion Dollar Derivative Market, Big Banks Manipulate Interest Rates, Currency Markets, Commodity Markets…
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This short, incisive article was originally published on Washington’s Blog in 2014. It deals with the “criminality” and “blatant manipulation” of Wall Street and gives us a better idea as to why the global economy is in such a catastrophic state.
Runaway derivatives – especially credit default swaps (CDS) – were one of them