That D word…

“For years, the bankers claimed that derivatives hedged the risk, but lately Greenspan has turned to bragging about how they serve to spread the risk to parties better able to bear it, which is a roundabout way of saying derivatives serve to transfer losses and potential losses off the banks’ books, and onto someone else’s books.”


If you are interested in economics/global finance, read Lyndon LaRouche’s stinging warning on the derivative bubble that will destroy the US banking system. And a hell of a lot more. You will find a few articles if you google.

Some people think he is mad, some consider him the prophet of doom, I think by and large he is right. Mathematical models have covered up for excessive greed and short sighted behavior for far too long.


Posted on February 20, 2004, in Uncategorized. Bookmark the permalink. 4 Comments.

  1. Can I take the book from you?

      • The book on dervatives you had – which talked about the economic risks associated with dervatives.

        Also, can you post me a link to the article you’re talking about?

      • Oh, i don’t have a book on derivatives. Have been read a fair bit off the net.

        Am so confused now, I not too sure what to believe and what not to. I don’t have the link right now, but had downloaded the article. Will print out a hardcopy. Do a google for “LaRouche’s triple curve” – that is a very interesting graph, you will probably find the article that way as well.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: