hedge funds
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Stop the game – I want to get off!
‘Hedging’ used to be a way of reducing the risk of selling or buying. Farmers waiting for their harvest to come in are uncertain about what price per bushel they will get at the market: will they get a price that makes them a profit and a living for next year or will they be… Continue reading
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Hedge funds deliberately undermining Euro – RT
Authorities on both sides of the Atlantic are looking closely at euro trades, following reports that leading US hedge funds have been in collusion to undermine the European currency through the crisis in Greece. Regulators on both sides of the Atlantic are probing euro-trading on financial markets. Continue reading
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William Blum: Anti-Empire Report, Number 68, 4 April, 2009 Some thoughts about socialism
Wall Street has not only an army of lawyers and accountants, but a horde of mathematicians with advanced degrees searching for the perfect equations to separate people from their money. Continue reading
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Economics 101 – Interesting times By William Bowles
24 October 2008 ‘May you live in interesting times’, traditional Chinese curse Being raised in a family of Reds has its pluses and its minuses, one of the minuses being a decidedly unworldly approach to economics. It was as if we already lived in a socialist world but of course nobody else did. The upshot Continue reading
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Anti-Empire Report, October 1, 2008 By William Blum
What changes take place in the real world to cause the crisis? Nothing, necessarily. The crisis is usually caused by changes in the make-believe world of financial capitalism. Continue reading
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The media’s moola madness By William Bowles
22 September, 2008 What does it take for the corporate media to speak the truth about the economic meltdown? Take the BBC Website for example: It has a page titled ‘Q&A: Financial crisis and you’ where you would expect to find an explanation of this, the latest crisis of capital. Dream on folks, dream on. Continue reading
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The end of (capitalist) history? By William Bowles
In a world of over-the-top production, with the world’s markets glutted with a never-stream of products, most of which sit unsold in shops and warehouses around the planet, a return to the ‘good old days’ of the Robber Barons was the only option left. Continue reading
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Anti-Empire Report, June 6, 2008 By William Blum
6 June 2006 — Anti-Empire Report Read this or George W. Bush will be president the rest of your life The Empire — A Status Report There are a number of expressions and slogans associated with the Nazi regime in Germany which have become commonly known in English. ‘Sieg Heil!’ — Victory Hail! ‘Arbeit macht Continue reading
The New Dark Age 