IT’S THE DERIVATIVES, STUPID!

I do not normally yell, but
IT’S THE DERIVATIVES, STUPID!

I felt like clipping the whole article (it isn't very long, but longer than ClipNotes allows). It does a good job explaining what is going on and sets forth a possible solution.

"I know no safe depository of the ultimate powers of society but the people themselves; and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education." —Thomas Jefferson

"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." ~ Thomas Jefferson

"A popular government without popular information or the means of acquiring it, is but a Prologue to Farce, or a Tragedy, or perhaps both. Knowledge will forever govern ignorance and a people who mean to be their own Governors, must arm themselves with the power which knowledge gives." ~ James Madison

clipped from www.webofdebt.com Ellen Brown, September 18, 2008 www.webofdebt.com/articles/its_the_derivatives.php “I can calculate the movement of the stars, but not the madness of men.” – Sir Isaac Newton, after losing a fortune in the South Sea bubble Something extraordinary is going on with these government bailouts. The Fed is buying an insurance company? he Federal Reserve has the power to print the national money supply, but it is not actually a part of the U.S. government.  It is a private banking corporation owned by a consortium of private banks.  The banking industry just bought the world’s largest insurance company, and they used federal money to do it.  Yahoo Finance reported on September 17: The Anatomy of a Bubble Until recently, most people had never even heard of derivatives Basically, they are just bets.  You can “hedge your bet” that “The point everyone misses,” The Best Game in Town Desperate Measures for Desperate Times Time for a 21st Century New Deal? We need a public banking system