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2 posts tagged with Credit by anotherpanacea.
Displaying 1 through 2 of 2.
Popular Unrest is a multi-episode drama by Melanie Gilligan (of
Crisis in the Credit System) set in a future much like the present. Here, however, all exchange transactions and social interactions are overseen by a system called ‘the Spirit’. A rash of unexplained killings have broken out across the globe. They often take place in public but witnesses never see an assailant. Just as mysteriously, groups of unrelated people are suddenly coming together everywhere, amassing new members rapidly. Unaccountably, they feel a deep and persistent sense of connection to one another. (
via)
posted by anotherpanacea
on May 26, 2010 -
3 comments
A primer on the global derivatives market, the City of London, and the credit crunch: "In 2003 the total size of the world economy was $49,000,000,000,000. The total size of the derivatives being traded was $85,000,000,000,000. In other words, derivatives today are worth far, far more than the total economic activity of the planet. More than $1,000,000,000,000 of derivatives are bought and sold every day. Every single thing that can be traded through derivatives, is."
posted by anotherpanacea
on Jan 2, 2008 -
30 comments
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