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Detailed text transcripts for TV channel - MSNBC - 20110202:03:08:00

President brush saush said sure. more than a dozen other firms followed suit. goldman sachs even created commodities indexes. to simplify the betting and goose casual investors into the casino. again, wall street followed suit. remember the real estate bubble? wall street wanted to hedge all of those bets it made on mortgages. so they ramped up their bets on commodities. and when wall street started losing money on sub primes, they bet it on commodities instead. by 2008, wall street had five tim...
Wall Street Brush Saush Goldman Sachs Commodities Indexes Real Estate Bubble Futures Contracts

Detailed text transcripts for TV channel - MSNBC - 20110202:03:12:00

Contributing factor that financial speculation has been in the spike not just in food prices but also in energy prices. unfortunately there are other factors also in the financial community that are even more sinister. theres a mathematical certainty, ed, that is this. all the paper currency in the world, all the money, all the paper must by definition equal the value of all the commodities because a commodity is equal to what the value of the currencies are in the world. in order to cover up th...
Food Prices Energy Prices Paper Currency President Obama President Bush Brush Saush

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