Also known as 'listing the facts'
Here's what Lush and O'Really are not telling you:
1. Listed credit derivatives stood at USD 548 trillion;
2. The Over-The-Counter (OTC) derivatives stood in notional or face value at USD 596 trillion and included:
1. Interest Rate Derivatives at about USD 393+ trillion;
2. Credit Default Swaps at about USD 58+ trillion;
3. Foreign Exchange Derivatives at about USD 56+ trillion;
4. Commodity Derivatives at about USD 9 trillion;
5. Equity Linked Derivatives at about USD 8.5 trillion; and
6. Unallocated Derivatives at about USD 71+ trillion.
No, Rush et al didn't mention any of that. But it's precisely that, not Obama budget, or those “tax and spend liberals,”
who are to blame for the worldwide systemic economic collapse we are experiencing. It's the residue of all that
Bernie Madoff, wink and nod, cash for trash, phony-baloney, air-asset faux capitalism that's collapsed on everyone.
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