''Ellen Brown describes a "Wall Street Protection Racket of Covert Derivatives....Prop(ing) Up US Debt," saying:
"Interest rate swaps are now over 80 percent of the massive derivatives market." Wall Street giants operate a "protection racket of a covert derivatives trade in interest rate swaps."
"The derivatives casino itself is just a last-ditch attempt to prop up a private pyramid scheme in fractional-reserve money creation, one that has progressed over several centuries through a series of “reserves”—from gold, to Fed-created “base money,” to mortgage-backed securities, to sovereign debt ostensibly protected with derivatives."
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