1. Network intelligent systems and agents I
Network intelligent systems and agents I. Information society Current economic problems

2. A short chronology The dotcom bubble bursts 2000 Greenspan persuades US legislators to disable the federal agency to regulate the market of derivatives 2001 Mortgage-lending starts to soar 2003 after Greenspan cuts recession with interest rates to 1% IS - all the time, the Internet makes one single global market, everybody watching each other

3. The derivatives market - “pyramid game. ” - 600. 000. 000. 000
The derivatives market - “pyramid game?” $, world doubling every two years the last decade, real value 15, as US economy

4. The core problem – the toxic combination: - the belief that the market will regulate itself, even the soaring derivatives - the rise of the internet, informing enhanced the herd behavior

5. - The problem predicted by several major world scientists - It is being cured, e.g., nationalization of banks - Unlike in normal situations, strange effects – e.g. $ is rising against Euro, US sufers less than some other countries