Tag Archives: credit default swap

John Law: the gambler who broke France

John Law: the gambler who broke France describes how one of those clever-clever bankster types, on the run from his previous crimes, broke the finances of an already critically-indebted France.    He was mathematically skilled – like the post-Cold War surplus … Continue reading

Posted in Cartel, Economics | Tagged , , , , , , | 1 Comment

The bloodsuckers’ next bubble

The finance industry gets its blood meals from a succession of bubbles driven by its victims’ greed.   Each lasts a few years.  Victims seldom spot the next one. Endowment mortgages… Emerging Markets… Building Society demutualisations… Zero-dividend preference shares… DotCom … Continue reading

Posted in Cartel, Economics, Education | Tagged , , , , , , | 2 Comments