Sunday, December 12, 2010

A Secretive Banking Elite Rules Trading in Derivatives

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Drawn from giants like JPMorgan ChaseGoldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk.
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks.

More Here..
Cuba To Be Insolvent Within 2-3 Years 


  1. And every morning, the House of Rothchild in the City of London sets the spot price of Gold for the opening...

  2. so Cuba is going bankrupt as well as many other western nations.

  3. I would rather be in Cuba.. they are used to being poor. Americans will be much more angry about being poor. In fact violently angry.


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