Wow, this was more interesting than I expected it to be. "On Debt, Democracy,
and all that..."
http://www.nakedcapitalism.com/2011/12/michael-hudson-debt-and-democracy-has-the-link-been-broken.html
>>>What with 700+ Trillion in derivatives outstanding...
Huge exaggeration. 700 trillion was artificially lent to banks so that their
balance sheets would show enough capital so they would not have to be closed.
They then used it to buy treasury bonds.. Most of it is not missing.
_______________________________________________
http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
