Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word "derivatives" to most Americans, they have no idea what you are talking about. In fact, even most members of the U.S. Congress don't really seem to understand them. But you don't have to get into all the technicalities to understand the bigger picture.
Basically, derivatives are financial instruments whose value depends upon or is derived from the price of something else. A derivative has no underlying value of its own. It is essentially a side bet. Originally, derivatives were mostly used to hedge risk and to offset the possibility of taking losses. But today it has gone way, way beyond that. Today the world financial system has become a gigantic casino where insanely large bets are made on anything and everything that you can possibly imagine.

The derivatives market is almost entirely unregulated and in recent years it has ballooned to such enormous proportions that it is almost hard to believe. Today, the worldwide derivatives market is approximately 20 times the size of the entire global economy.

What exactly is going on in the Gulf of Mexico? When there are reports of media blackouts, then the natural reaction is to start investigating, and in the current environmental catastrophe, the more stones one turns, the more horrific the potential scenario becomes. While scare mongering is as pointless as it is dangerous, the truth remains that the media have the duty to inform.
What exactly is going on in the Gulf of Mexico? US-based geologist Chris Landau and writer Terrence Aym are but two of a growing number of researchers who are trying to find out exactly what is happening, amid reports of a media blackout, amid reports of Federal agents blocking journalists from the centre of operations, amid reports of threats of 40,000-dollar fines and felony arrests. To hide what? Let us see.

Chinese clones of Russian fighter jets have entered the world market, where they faced their original copies. The Chinese jets are three times less expensive than the Russian legendary MiG and Sukhoi fighter jets. Mikhail Pogosyan, the head of MiG and Sukhoi design bureaus, stated that he did not want to sign another large contract to deliver RD-93 engines, which China used for its FC-1 fighters, the clones of MiG-29.
Russian engineers are facing a tough choice: either to refuse from the contract worth $3.75 billion or lose African and Asian markets. China’s FC-1 does not have the advantage over Russia’s MiG-29 from the point of view of performance, but it is much cheaper: $10 million vs. $35 million. Beijing plans to sell not less than 1,200 copies of Su-27/30 and MiG-29 with a lethal discount for the Russian market.

The scandal with the arrest of Russian “spies” in the United States gathers like a snowball. It has been reported that two of 11 arrested spy suspects actively used social networks.
It turns out that Mikhail Semenko, one of the arrested “spies”, was an active user of a popular Russian website odnoklassniki.ru (classmates), where he uploaded his pictures. The young man has over 50 friends on his page and is a member of several groups, including the group for the graduates of the UN Model in the Far East (MUNRFE). He finished school and the Amur State University in Blagoveshchensk and then studied at the Harbin Polytechnic University.

Semenko’s US photos, which he posted on his personal page, show that the young man traveled a lot. He introduced himself on Odnoklassniki and on LinkedIn as a tourist business employee. He is fluent in Russian, English, Spanish and Chinese, RIA Novosti reports.

Another spy scandal is gathering pace in the USA. On June 28, the Department of Justice announced the liquidation of a large illegal network which was supposedly conducting its activities in favor of the Russian Federation. Ten people have been arrested on charges of espionage, including eight spies and their two associates. Another suspect managed to escape.
The official message from the Department of Justice said that the detainees had been charged with illegal activities to the benefit of a foreign government.

They have been accused of money laundering, attempts to penetrate into US government agencies and collect information about the participants of the presidential.

It was also said that the spies interacted with each other with the help of Morse alphabet, invisible ink, and encoded email messages.