Frank and Ernest by Thaves for June 11, 2012
June 10, 2012
June 12, 2012
Transcript:
Commodities Exchange Frank: Around here, unloading 50 tons of pork bellies is not a physically demanding task.
If you look at many different articles and websites concerning the U.S. derivatives market, you will quickly realize that no one has real data but all agree that it is larger than the entire U.S. economy. In other words, the derivatives represent more money than actually exists. The polite description for that is “it’s all an illusion,” the less polite term is “fraud.” The truth is probably a mixture of both.