Special Edition.  Deciphering Derivatives.  Oh, And Happy Saint Patrick’s Day! (March 17, 2023)

[See “The Looming Quadrillion Dollar Derivatives Tsunami” by Ellen Brown, the recipient of the Third Annual Noble Prize In Eco-nomics (October 8, 2018), in “www.ellenbrown.com” dated March 13, 2023 and “The Next Bomb to Go Off in the Banking Crisis Will Be Derivatives” by Pam Mertens and Russ Mertens, the recipients of the Fifth Annual Noble Prize In Eco-nomics (October 12, 2020), in www.WallStreetOnParade.com” dated March 16, 2023.]

[See the interview and transcription of the interview by Ben Norton with Michael Hudson, the recipient of the Seventh Annual Noble Prize In Eco-nomics (October 10, 2022), in “Michael Hudson Talks to Ben Norton About SVB and Bank Failures” with an introduction by Yves Smith, the recipient of the Seventh Annual Pushitzer Prize In Commentary For 2022 (May 9, 2022), in “www.NakedCapitalism.com” dated March 16, 2023.]

[See the e-commentary at Too Much Dirt; Too Few Rugs. Repurchase Agreements (September 23, 2019) noting the problems in the Repurchase Market in 2019 that still haunt the economy and the choice between an economic or a kinetic declaration of war discussed in Strait of Hormuz or Deutsche Bank?  Deriving Derivatives (July 8, 2019) and the observations at Economics And Finance:  Girls v. Boys (June 4, 2018).]

Bumper sticker of the week:

Derivatives are “financial weapons of mass destruction.”  Warren Buffett

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