...9 of 10 people don't have money in the market.. so they don't pay much attention..
..ask most what is a 'derivative' and they would likely not be able to answer you..
..(as they're the most complicated financial instrument ever devised.. and that's by design)..
..but without a doubt ALL of us will be dramatically impacted when the enormous 'correction' happens..
.."..institutions get out of control, and society can be disrupted in a very major way"..
.Warren Buffett on Derivatives..Derivatives still a ticking time bomb! Sept 2011
..if there is a simpler explanation of derivatives...most don't have one.. don't know if anyone ever could....but without doubt their hold over the planet is incredulous..
..and for all the banks involved they are an 'Unregulated Bank Casino'
..sage advice..be knowledgeable where your assets reside.....
Banks Ranked by Derivatives
..and you're seeing correctly... that 1st number is 52 TRILLION !!! .....annual GDP of the entire world economy is approx 75 Trillion...
...and there are over 1400 banks after that with varying levels of huge derivative exposure
..it's been reported on.. but seeing as only a small portion of individuals are actually in the market, it's not really of major interest to them,,, but it SHOULD be !!...
PBS Frontline 2009 The Warning
..(Brooksley is smart, super courageous, and should be known to all as a hero on the side of what made sense and was right for everyone.. instead she was vilified by the powers that be, and her voice was forced out.. and the much needed regulatory reform has never been enacted)..
..the derivatives market is, in a word, GIGANTIC..and rules the financial world..
...often estimated at more than $1.5 quadrillion worldwide.
...that's 1.5 and a huge number of zeros following.. $1,500,000,000,000,000...
... the largest Ponzi scheme the universe will probably ever experience..and it's still growing...there's no way taxpayers anywhere can fund a bailout of a sizable portion of that large an amount !!
"Financial deregulation turned Wall Street into a casino with no rules except unrestrained greed and profit taking... catastrophic failure inevitably awaits... it’s just a matter of time."
.in a huge crash, banks with large derivatives exposure are going to suffer very badly, if not fail altogether..
..and there's NO WAY the FDIC will be able bail out all accounts involved in such a debacle
..U.S. exposure totals near 300 Trillion Dollars..even fractions are enormous sums, not capable of being recovered.
...to believe this frenzy can go on indefinitely is irrational.. dark markets by their nature must come to an end, as they exist in secrecy for the purposes of those creating and managing them.. there would be no rationale for keeping such secrecy unless there is much to hide.. when few if any understand a product, why should that not be cause for serious skepticism
..there is no one that know what will trigger it, or when the crash will occur.. but with all the incoming administrations picks to run government, a... 'Corporate Cabinet' / Cabal
the current situation is only going to continue on, and get more tangled, and the risks exponentially are going to increase..
..watch the videos in full and read the articles.. totally scary to digest.. and it's our future...
..we always have a say in the matter .. but for sure right now the .01% have all anyone should possibly ever want.. yet they're still unsatisfied, and are vehemently demanding even more.
Note: ..if you want to know a bank's derivative position.. go to USBankLocations.com ..enter then select the bank.. then 'Find A Bank'.. then in the left column click on 'More Information'.. then scroll down and click on 'Derivatives' .. compare it to their asset size and equity.. for many banks it's way too much risk.
