kiasu01 (November 30, 1999 at 12:00 am)

actually.. you got a point there

robrown1 (November 30, 1999 at 12:00 am)

Search FOR UNIFIEDMARKETS

jmatheus (November 30, 1999 at 12:00 am)

fVck3rs!! u jsut give a fvck bout the paper u spend on that shit.... dumbs!

greenback001 (November 30, 1999 at 12:00 am)

great explanation, however the key element missing was the fact that all of the lending started with the Federal Reserve, the top lender. Also missed was Clinton signing into legislation the law which enabled 2nd level lending institutions (i.e. Lehman Brothers) to begin investing in the same Securities they created, thus blowing the Derivative Market bubble to astronomical levels. Otherwise great stuff.

ToritoNL (November 30, 1999 at 12:00 am)

Do all of you guys understand this explanation in this video? For me it's like Chinese explained in Chinese. The use of that marker didn't help me much either. Is there a better video somewhere?

lebode (November 30, 1999 at 12:00 am)

Talking Heads : ) the only good part about this video.

louis12346 (November 30, 1999 at 12:00 am)

Search> Not Enough Money in the World: The Real Monster in the Meltdown Closet This is the ultra-dangerous downward vortex in which the system is locked. It is why share prices are plummeting. As recession deepens, there will be defaults on securitised bonds and the potential collapse of more banks outside the G7 ring-fence. Nobody knows what proportion of the $55 trillion of credit default contracts written will be honoured and who might bear losses running into trillions of dollars.

inthebluescrossroad (November 30, 1999 at 12:00 am)

are there any good videos explaining the 600 trillion dollar world derivative problem???

blablaII (November 30, 1999 at 12:00 am)

CUando van a empezar a hablar de economía y dejar de hablar de "papers", "expectations", "feelings". United State economists suck soooo bad. Leer Spanish, and read our economist. They at least speak over the reality.

Crickettedog (November 30, 1999 at 12:00 am)

@billvancouver: Don't ever buy gold unless you know you will be able to sell it.