Links - Updating info on the Internationalization of our financial system
In the paper I wrote the other
day (The Great Swindle) on
the $700 billion bailout, I said that they were attempting
to pull off another dialectic. While shouting Emergency!
Hurry! Hurry! What they were really up to was that Paulson
wanted the authority to forfeit sovereignty over our
financial regulatory system - changing it over to the
international regulatory system. Thanks to the work of
a fellow researcher and her sources, I have more information
Federal Register / Vol. 72, No. 156 / Tuesday, August 14,
2007 / Proposed Rules
IFRS - Definition and
This area is kind of beyond
me but it does appear to me that at the very least, the
options markets were integrated into an international
system. And I do know that the oil futures
market is controlled out of London and Dubai which is why
our government couldn't do anything about it when the
manipulation of oil prices began. (I heard that in a
Congressional hearing on the Oil Futures Market and that
hearing should still be posted on C-Span).
Options Market - dated 1999
It should be pretty clear that the real problem is globalization (internationalization) and the structural deficiencies in our economy - the structural deficiencies being that we don't produce much of anything of value to sell in the global economy and what our financial industry is selling is bad paper.