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1 Quadrillion?!? The world economies are doomed ...

Submitted by Sailette44 on Sun, 09/21/2008 - 08:02
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and here is one explanation of why:

http://www.webofdebt.com/articles/

(Most recent article is what I am referring to, but read her others, too. They are quite good, as well.)

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I have seen estimates from others that put the derivatives

Submitted by austrianschool on Sun, 09/21/2008 - 13:31.

exposure at around $1.6 Quadrillion ($1,600 Trillion). As has been stated by SIERRA in this thread, it would be well worth your time to study the basics of the derivatives situation in order to get an idea of just how vast the potential collapse, of what Alan Greenspan called: "cascading cross defaults" [Oct. 98], really are.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."

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"An economy built on fiat money is a society on its way to ashes."

1 Quadrillion?!?

Submitted by cooper11 on Sun, 09/21/2008 - 10:56.

Is that what's meant by the '4 Horsemen'? ;)

Bank of International Settlements

Submitted by Susan on Sun, 09/21/2008 - 10:26.

The Central Bank of Central Banks-I remember when the "over a quadrillion" in world wide derivatives number was put out there by them....we can't really even fully contemplate just how big a number that is....talk about locking the barn doors after the horse escaped, ran, grazed and bordered a flight to greener pastures! If I recall correctly, they aren't certain what percentage of these derivatives are "bad" but, if only 5% are we are in deep doo doo

BIS

Submitted by jeffking on Sun, 09/21/2008 - 11:12.

established in 1930 when the WW1 reparations scheme was leading to financial and political chaos in Europe as Germany was a wreck. Its fine offices were unquestionably the hidden foundation to the political stabilization of Germany and international financing of the military of a Mr. Adolf Hitler.

When your first "success" is Hitler, maybe you should re-consider your mission.

From their site:
The BIS was established in the context of the Young Plan (1930), which dealt with the issue of the reparation payments imposed on Germany by the Treaty of Versailles following the First World War. The new bank was to take over the functions previously performed by the Agent General for Reparations in Berlin: collection, administration and distribution of the annuities payable as reparations. The Bank's name is derived from this original role. The BIS was also created to act as a trustee for the Dawes and Young Loans (international loans issued to finance reparations) and to promote central bank cooperation in general.

banks quickly realized

Submitted by jeffking on Sun, 09/21/2008 - 12:44.

that a regulating mechanism for international investing that they controlled beyond the range of any government was gonna be a pretty sweet deal.

I dont wanna be seen as conspiratorial, but a gander into the Bush family archives is revealing as to the mindset of many bankers at the time of the depression. Maybe the continuing prominence of that family serves as a touchstone for understanding the BIS' staying power.

Use the Law already on the books

Submitted by dalesvp on Sun, 09/21/2008 - 10:05.

In a sense I will agree with LaRouche on this global banking insanity. All of it needs to be declared bankrupt from first to last, all assets seized, and the whole criminal mess adjudicated to those damaged.

Plus I would add the criminals, thieves and their accomplices should all be rounded up and prosecuted according to law.

The alternative is to use unbridled force to accomplish the same thing - but that would ruin everybody's day - and the results would be of questionable value.

Bookmarked

Submitted by quiltingsando on Sun, 09/21/2008 - 09:56.

bump, scream, cry.

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Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Quitingsando, may I join you?

Submitted by reedr3v on Sun, 09/21/2008 - 13:56.

Bump.

unfortunetly people don't

Submitted by SIERRAHPBT on Sun, 09/21/2008 - 09:53.

unfortunetly people don't understand how important this subject is!

I am more concerned about the return of my money than the return on my money. --Mark Twain

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“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

I may get shouted at for this remark,

Submitted by Sailette44 on Sun, 09/21/2008 - 10:00.

but after reading that article I now think that what they are doing is necessary. We're doomed anyway, and at least it buys some more time to get prepared. It is all going to come crashing down. The question is: Should we let it crash now or later? From a purely selfish point of view, I say later, because I need to sell my house and get moved to the mountains. I'm working toward that now, but need more time.

this is what Jim Sinclair

Submitted by SIERRAHPBT on Sun, 09/21/2008 - 08:29.

this is what Jim Sinclair has been saying for a year... I hope you guys are preparing as if your life depends on it.. IT DOES!

I am more concerned about the return of my money than the return on my money. --Mark Twain

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐