The Current U.S. Economy
What's Really Happening
Paying close attention to the current U.S. economy is
vitally important to determining what conditions are going to
exist one month from now, three months from now, and six months
from now. It is only common sense that if you don't know
precisely where you're at right now, you will be unable to tell
how close to your destination you are.
This section is devoted to keeping a constant watch on the
current U.S. economy. The modern media is so focused on
up-to-the-minute data, that they continually produce reports
every few seconds, each trying to better the other with speed of
reporting. This tends to lead to lead to shortening every story
down to a 15 or 30 second sound-bite.
If you want to know what's really going on in the current
economy, you'll have to look beyond the short headline snippets
and dig through mounds of facts and statistics - And that is
just what we do for you here.
Financial
derivatives are a
large part of the current financial crisis, and as such you will
find a lot of information pertaining to derivatives in this
section.
Warren Buffet,
the world's richest investor, has called derivatives "weapons of
financial mass destruction." Unfortunately, derivatives are
producing a great deal of financial destruction right now, and
this problem continues to get worse.
The
Office of the Comptroller of
the Currency within the U.S. Treasury Department
reports that total notional worldwide derivatives amount to over
$500 trillion. That is nearly ten times the size of the total
annual global economy. The majority of those derivatives are
U.S.-based. Literally, the derivatives monster has the power to
bring down the entire world financial system.
This is a very real danger to the current U.S. economy,
as well as the rest of the developed world, and only the naive
would not take precautions to protect themselves from the danger
it poses.
The following are some articles that detail the current
condition of economic affairs.
The Truth About The Subprime
Mortgage Crisis.
Derivatives Abuse by Wall
Street
What Is Moral Hazard?
Amero: Fact or Fantasy?
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