Archive for October 19th, 2011

The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System

The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System

Most people have no idea that Wall Street has become a gigantic financial casino.  The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.  The word "derivatives" sounds complicated and technical, but understanding them is...
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Germany Sets Aside $130 Billion for Renewable Energy

German Chancellor Angela Merkel announced on 30 May that Germany, the world’s fourth-largest economy and Europe’s biggest, would shutter all of its 17 nuclear power plants between 2015 and 2022, an extraordinary commitment, given that they currently produce about 28 percent of the country’s electricity. Underlining the government’s seriousness in changing the country’s energy matrix,...
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