In April 2012 I reported that New Zealand was accumulating Derivative swaps at an alarming rate. When I reported on this the amount of money in Derivatives was already an alarming $ 112 Billion and I have no reason to assume that is anything less as I write this. At the time Dr Sue Newberry expressed her concern as to why that should be so and I concurred with her and here is why:
If this documentary doesn’t scare the shit out of you with regards as to what might happen here when the interest payments will rise beyond anything reasonable (which is inevitable) I don’t know what will.
The VPRO is a publicly owned TV and radio sender. It is renowned for its in dept and fearless reporting on all kinds of subjects and its series on the financial collapse of 2008 which is really only the beginning of the continued and increasing slide of our financial system is impeccable and extremely detailed. Turn on the Captions for English subtitles!