The Derivatives Market Monstrosity

Richard Daughty

12/25/2010

I assume that you, as an intelligent person who understands that the treacherous, greedy, vampire banks creating so much excess money means We’re Freaking Doomed (WFD), are Up To Your Freaking Ears (UTYFE) in gold, silver and oil, and you have had it UTYFE with your family always complaining about how you spend all the family’s income on gold, silver and oil instead of luxuries, family vacations, adequate food, clothing, medical care, dental care, blah blah blah, the list goes on and on.

But what you really, really want to know is: How did we get into this mess?

In that case, I present the Buttonwood column of The Economist magazine.

And now… the rest of the story. …..