The Derivatives Disaster…”The result? The nearly total impoverishment of the average citizen and collapse of the world economy.”
• Plutocrats push world to financial precipice yet again.
By Ronald L. Ray
AmericanFreePress.net
June 15, 2015
Money should be a medium of exchange only. The ancient Greeks understood this, as did the Christian world until the 16th century when usurers finally convinced pastors and potentates in the “Age of Exploration” that a “small amount” of interest on a loan was reasonable to offset risk of loss. But the trickle became a torrent and then a flood, as money became an “investment,” instead of merely the means of transacting business more efficiently.
Now, in the 21st century, the tidal wave of debt created by unscrupulous plutocrats for personal enrichment and the enslavement of the masses threatens to crush the world. Ironically, it may be today’s Greeks who become the catalyst of destruction when the current derivatives bubble bursts.
Derivatives are financial instruments that combine all the worst features of high-interest usury with the safety and security of Russian roulette. Their most common use is to conceal bad banking practices while making gobs of profits for the Big Boys. Since not even the creators fully understand them, it is a given that investors also cannot, adding a sinister aspect of deliberately unethical investment sales.
Derivatives are, however, successful at separating fools from their money—always the top goal of international financiers. They don’t just want a lot. They want it all. And when their own initiatives fail, the plutocratic poobahs resort to time-tested extortion methods against governments in order to obtain a direct transfer of immense wealth from taxpayers to tycoons.
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