In a recent issue of the Sovereign Society A-Letter [1], 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 [2] for some background about the implications of hedge trading.
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The schedule of upcoming Appleseed Shoots [3] 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 [4]. OBTW, I generally recommend areas without many city lights [5] for survival retreat locales. But needless to say, that doesn’t apply to North Korea!