Here's what they don't want the public to know! - The current derivatives market is $596 Trillion -12 times the global economy!
Submitted by Ralph Waldo on Fri, 02/13/2009 - 19:59
The scariest thing about the economic crisis is the size of the problem. Here is what they do not want the public to know!
According to the BIS - Bank of International Settlements, the total national amount of outstanding derivatives in all categories is a mindboggling $596 TRILLION or 12 times the global economy!
http://seekingalpha.com/article/99674-coming-soon-the-600-tr...
It makes you wonder who is about to lose their shirt big time!
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Poverty wants much; but avarice, everything
Two kinds of Derivatives: hedges [insurance] against loss, and speculation to increase profits.
Avarice is always poor
596 TRILLION
so... this is all fake $ right and i don't mean in a fiat sense...
it's fake in that some one said "i'll insure u for 50Billion if you pay me 10M today in case your bond fails." and then the guy who paid the 10M is still waiting for the 50B since the bond failed. the insurer never really had the 50B right?
I pledge, do you?
I thought that number seemed a little low...
"The BIS (Bank for International Settlement) publicly altered the manner by which they determine the total nominal value of derivatives outstanding. This has actually backfired badly now that it is assumed every entity is lying. The BIS was all that was left for somewhat legitimate economic statistics.
You probably noticed the amount of outstanding OTC derivative nominal value dropped 80% from the BIS figure of one quadrillion one thousand and one hundred forty four trillion dollars as the BIS moved to the computer modeling of value to maturity, another foolishly glib cartoon."
http://www.jsmineset.com/
bump
today banks in Europe suffered steep declines as did currencies of emerging markets....its going to be an exciting ride.
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
It's like Men in Black
There's always a Carillion StarCruiser that is within a few hours of unleashing it's disambiguation rays on earth.
The derivatives market, like ALL other MARKETS, is controlled by the people who control everything else. They created it and they will do what they please with it...now won't they?
Well?
It's their softball game, if they go home with the only bats...game over.
Stop fretting about the LIES puked out by the financial media and their junior varsity in the internet alternative media...all of it...CLAP.
Unify
WOW!
Are there enough trees to print that much?
Does my burka make my butt look fatwa?
Does my burka make my butt look fatwa?
No trees needed
US currency is not printed on paper, at least, not from trees.
It's actually made from cotton.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
Haha They will have to allow
Haha They will have to allow Hemp... A new boom market? ;-)
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70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
Hempbacks!!!! I love it!
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Bank
Roll
The bankers in their glorious vision,
made sure through a combination of legislation, owned hacks, and infinite war, that their spawn would always be guaranteed spoils every generation.
Amazing what one may steal with inside information. At one time this was considered illegal. Today, its ubiquitous.
Bump!
Absolutely frightening!
*****The Federal Reserve is neither.*****
Frightening
The exact reason NOT to bump.
Fear is THEIR control mechanism....don't help them.
Unify
tstorey, this is not about 'fear', this is about Americans
needing to understand how such a thing can occur and what mechanisms were used and how they used them.
Ignorance is definitely NOT bliss!
I gotta feeling I know who's gonna lose their shirts.
I also have a feeling it's not gonna be the same people that got us into this mess.
Of the 600 trillion oustanding
as I understand it, half of those want to get paid and the other half is trying to figure out how to come up with the money to pay them.
If a solution is not found for some type of settlement over time, it could get contentious. Wars are fought over less!
The global financial economy
is one giant ponzi scheme.
Those who have profited and benefited from it are trying to keep it going. Hence, the people are misled about the true nature of the beast.
The recent activity on the part of the Fed and the TARP bs were measures to provide government backing to the ponzi house of cards.
Needless to say, holding up the edifice is becoming more and more difficult by the day.
There are many who got us into this mess who deserve to rot in prison.
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Freedom - Peace - Prosperity
Will US government employees
including elected officials, military, will they stay working if not paid? when the collapse occurs.Will Senators and Congressman and staff stay at their post or will they walk out.
What if Obama, Geithner, and Bernanke declare all derivatives
a threat to national security? US intelligence is already calling the economy as bigger threat than terrorism. What if they declare all CDO, CDS, and toxic derivatives as null and void to protect national interest.
I think this is the only way out. Just hit the reset button and start over. To the holders of winning bets(naked CDS), winning insurance contracts(CDS), and winning securities(CDO): tough luck, it's a sacrifice for your country.
Well, if they do, too little too late the damage is already done
My hunch is, like 9/11, it was all 'allowed' to take place for a myriad of reasons that so many of us still do not understand the whole picture yet.
Anisha
Did you see the article by Ernest Hancock that I posted yesterday. It seems like it confirms what you were eluding too. I think the "mystery" short selling clearing house was in located in Europe.
Also wondering if you saw the video about the electronic "run on the bank" that happened a few weeks back. The situation seems to be getting very precarious.
Yes, I took a look. Wasn't aware of the Bank of Int'l
Settlements in Basel, Switzerland. Makes sense it would be out of the country.
Just not sure about the correctness in how he was explaining it that they found a way to take possession of all the outstanding shares of all companies. However, if they did, then they no doubt did it with PROMIS software.
I still think they shorted way way beyond even ALL the outstanding shares! The sums are just atrocious.
Yea it had to be levered up
I have an idea whoever did it is so powerful the other authorities don't want to move against them. It would be kind of like the sheriff secretly robbing the bank and now the other law doesn't want to go against them to get it back, especailly when they are willing to bribe.
I think there are some major, major wheeling and dealings going on that involves the highest echelon and possibly has turned into a big league game of international chicken with military threats on the table.
In my opinion, PROFIT is the motive.
I know I'm the only person on the DP saying this.
Hyperinflation will wipe out people who save, on a fixed income, and it will hurt people who spend without saving, who are over their heads in debt. But it will benefit people who are rich, who invest and buy things low with the intent of selling high.
Hyperinflation is a potential gold mine for the elites, especially if they know it's coming in advance. And it's perfectly timed to come in like a tsunami right after a real estate bubble pop and an oil glut that drives down prices. They stand to make more money from hyperinflation than anyone ever made on the Stock Market.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
I think you are right
The Rothschild tradition and axiom is "don't buy until there is blood in the street"! They also did this in the 1930's!
Dang My Reset Button Plum Don't Work
When will they reset my credit card and all that interest yet to come.... shucks I must be fool crazy forget it no need to even ask.
On a bright note..... treat yourself to a befitting "Ron Paul Tribute to Truth" poster for your office... this 11x17 poster will make you smile... download it today at http://www.arewestillfree.org/liberty
Ramblin Randy
Ramblin Randy
Yeap that would be where things would get interesting!
! My guess this is the main topic being discussed this weekend at the G7 meeting.
We know that TARP II will follow TARP I and TARP III will
follow TARP II and so on. We just don't know the final TARP number.....yet. As far as the general public being largely uninformed (as well as generally uninterested) about the eventual size of the commitment or long term effect.....that fact has been evident for many years.
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"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."
Ralph
I read somewhere that the derivitives were 1 quadrillion dollars. That would be double what this article says
It has gotten out into the stratosphere so I really don't know
The scary thing about the article I am referencing below is that it implies an electronic theft has already taken place!
If so, someone has done something really stupid because there will be hell to pay!