Wall Street casino: The derivatives crisis

The derivatives market is the Las Vegas of the world’s financial super elite, worth anywhere between 2 to 8 quadrillion dollars compared to about 70 trillion…

Like this MoneyWeek Video? Want to find out more about investment banks? Go to http://www.moneyweekvideos.com/what-are-derivatives/ now and you’ll get free b…
Video Rating: 4 / 5

32 thoughts on “Wall Street casino: The derivatives crisis

  1. Too bad Harris has no credibility and too bad Press TV feels the need to
    take the Alex Jones bullshit route as a way to create anti-US propaganda.
    Press TV has lost all credibility now. Check my channel for the truth about
    these con men.

  2. @PoofDuddy As of August 15, 1971, dollars are no longer paper debt
    fractionally linked to a physical retainer asset of gold. We have a
    floating currency. So now that financial markets are dead and interest
    rates essentially mean nothing, to say that wall street is not a casino
    scam is fundamentally wrong. You should do a little research yourself
    before you go around calling everyone “idiots”. 

  3. Corporate greedys beging their resurgence in the 80s.When Frank Lorenzo
    adquire Eastern Airlines.He became to play and intrincated money game,with
    Texas Air,Continental Air,Eastern Air.The one that pay the final
    consecuences was Eastern Airlines.He shut down the airline,and sell the
    Airline asset.This was the time of Corporate Mafia White Collar
    Thieves.This was the begining of the infamous Corporate America.Watch
    Eastern Airlines documentary on YouTube.

  4. $100 trillion dollars of debt is not money, it’s DEBT. You guys are idiots!
    Just as dollars are paper debt fractionally linked to a physical retainer
    asset of gold, derivatives are supposed to be debt linked fractionally to
    physical assets other than gold. Wall Street is not a casino scam, but it
    is not far from a Ponzi scheme and it is Capitalism – nobody’s putting a
    gun to your head to run out buying corporate stocks and bonds.

  5. Toxic financial farts from Wall St as the bubble bursts and keeps on
    bursting will choke off all of America turning every city into a Detroit
    the Parasite’s will flee to come back in a few years to start the whole
    process again. How do you protect yourself whats the = of a gas mask throw
    away the credit cards try to grow your own food do not spend $ 100 a month
    on Iphone/Att garbage etc do not buy gold when the sh*t hits the fan it
    will be worthless because you will be killed for it

  6. /watch?v=kZkQtHDLE-w Yes! that is only fair. We have volunteered to test
    the weaponised version of the post presented here. The 1972 Club of Rome
    Paper, “The Limits of Growth” has been reviewed at 10 year intervals. the
    30 & 40 year review vindicate the predictions. You my friend may be the
    lucky one out of 14 who is not sterilized of exterminated. Just now I am
    testing a lethal bronco-pneumonia digital frequency. I may be dead within a
    month or two? if I do not recover. My Doctor is in the loop

  7. Corrupt Politicians,Greedy Company CEOs.They created this economic
    crisis.Former GM CEOs Rick Wagoner,was requesting millions of dollars to
    save GM from a Financial Collaps.He was flying in a luxury
    private-jet,expensive Corporate dinners,and many other luxurius
    amenities.AIG requesting millions from Goverment to avoid a financial
    collaps.They executives receiving millionaire Corporate bonuses for
    themselves.If Corporate greedys,with their ambitions of Powers,that are
    destroying our Country.

  8. The TV show host shows some real understanding of the situation.. ! Respect
    Press TV for that !! We did come to a point were Not listening to
    Larouche.., will and is becoming a crime ! some ppl on this show r starting
    to show some courage finally.. 🙂

  9. Are there no honest fucking lawyers left in the US and other western
    countries? Where the hell are they? Have western men all lost their
    consciences totally?

  10. Lesson to learn: Never hire ham actors to present news!!!! This goof thinks
    he’s doing summer stock Shakespeare. Corny!

  11. The economic collapse will be triggered by the derivatives market. Even
    people in this market can not see 2-3 steps ahead. Way too complicated, and
    economy does not have to be this complicated!
    Toxic assets are toxic no matter what you do!

  12. Derivative (finance)
    http://en.wikipedia.org/wiki/Derivative_%28finance%29

    Derivatives can be used either for risk management (i.e. to “hedge” by
    providing offsetting compensation in case of an undesired event,
    “insurance”) or for speculation (i.e. making a financial “bet”).

    Moves to speed derivative trade processing, March 30, 2008
    http://www.ft.com/cms/s/0/42d41ea4-fe7b-11dc-9e04-000077b07658.html#axzz2M702ldfQ

    “Heightened price volatility and surging trading volumes underscore the
    need for the OTC derivatives market infrastructure to evolve to support
    this expansion,” US Treasury secretary Hank Paulson said in a speech this
    month.

  13. Great video… Thanks! Highly structured credit derivatives can be
    unpredictable as in the JP Morgan trading loss in June 2012

  14. He said “derivatives are dangerous if placed in the wrong hands…but so is
    my lawn mower” lol funniest thing I’ve ever heard him say

  15. this was fu**ing brilliant. I never understood the meaning of derivatives
    especially options contract, but this video was so great, explanations were
    amazing, thanks!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.