In a recent issue of the Sovereign Society A-Letter, Eric Roseman noted with alarm that the credit derivatives market is now has a massive $26 trillion (with a “T”) dollars in play. This market has more than doubled in size over the last 12 months. Roseman says that he fears that the derivatives market has become a virtual time bomb. I concur. Someday, possibly in the near future, the market will start making big swings and the hedge traders are going to get blind-sided. Losses could be in the hundreds of billions or even the trillions, making the recent $6 billion “trading error” at Amaranth Advisers look like chump change. See my recent article on derivatives for some background about the implications of hedge trading.
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The schedule of upcoming Appleseed Shoots was just updated at the RWVA Blog. Be sure to take advantage of this inexpensive rifle training when the touring trainers come to your region!
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North Korea might now have The Bomb, but it doesn’t have much electricity. OBTW, I generally recommend areas without many city lights for survival retreat locales. But needless to say, that doesn’t apply to North Korea!