Tuesday, September 25, 2012

Quadrillion Dollar Derivatives Market 20 Times Global GDP

Click here to access transcript of interview conducted by Paul Jay of Real News Network with Marcus Stanley who is the  Policy Director of Americans for Financial Reform.

In this interview Stanley explains the bizarre extent to which casino capitalism has reached. Nowadays capitalists can make huge bets with "derivatives" that can, and often do, create huge disasters for ordinary people. His agency is trying to put this derivative, dangerous genie back into its bottle, or at least "regulate" it. That will never happen. The genie itself must be destroyed and replaced by the genie of a common humanity liberating itself from any class system.