gw, he's wrong.....the derivitives crisis has'nt (and HOPEFULLY wont) started yet...if a semi major bank (i.e. bear sterns) was to fail, the domino effect is unstoppable (similar to the S&L collapse)...unfortunately the "quadrillion" dollar derivitives market (especially OTC "non-regulated") derivitives market would actually cause a total collapse of every monetary system/government in the world.......if you followed the cjr newsletter you'd know this already....but dont worry, thats why every central bank WORLDWIDE will make sure it does'nt happen...they'll print money, raise rates, provide disinformation...you name it......until the common man says "hey, what makes a dollar worth anything?"...you have nothing to worry about......

when the plumber tells you "hey man, i dont take dollars, only gas, grass or ass" then get worried....get real worried....imo