Warning! This will be a tough one. You need all your wits about you because this is complicated. But I’ve done my best to keep it as simple as possible. I start by explaining what derivatives are and then try to show how their unraveling will be responsible for the coming collapse. If you don’t understand, write in and explain the problem and I’ll try again on Friday. It really is important to grasp this. The media will simply not go there because the story is too confronting. Oh yes, they’ll yell from the rooftops once the crisis is underway. But they’ll let you all get creamed first. The United States Federal Register. The irrational speculative mania currently underway in Europe. How America protected the Nazis but is currently throwing its own citizens under the bus. The perils of Australian government debt: stay away! The madness of “negative equity”. Where are all the ideal contenders for the presidency in your country? Is Hillary Clinton really the best you can do? Obamacare enrollment appears to have peaked.
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