The Invisible One Quadrillion Dollar Equation -- Asymmetric Leverage and Systemic Risk
According to various distinguished sources including the Bank for International Settlements (BIS) in Basel, Switzerland -- the central bankers' bank -- the amount of outstanding derivatives worldwide as of December 2007 crossed USD 1.144 Quadrillion, ie, USD 1,144 Trillion. The main categories of the USD 1.144 Quadrillion derivatives market were the following:
1. Listed credit derivatives stood at USD 548 trillion;
2. The Over-The-Counter (OTC) derivatives stood in notional or face value at USD 596 trillion and included:
a. Interest Rate Derivatives at about USD 393+ trillion;
b. Credit Default Swaps at about USD 58+ trillion;
c. Foreign Exchange Derivatives at about USD 56+ trillion;
d. Commodity Derivatives at about USD 9 trillion;
e. Equity Linked Derivatives at about USD 8.5 trillion; and
f. Unallocated Derivatives at about USD 71+ trillion.
Quadrillion? That is a number only super computing engineers and astronomers used to use, not economists and bankers!
LINK HERE
Ooouch! Who will pay this? Is this possible to pay so much?
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2010 Pop Goes The Weasel
ReplyDelete2009 is the year of the Epic Failure to not force an audit of the Federal Reserve to expose these snakes.
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I just want three sandwiches a day until I can die.
Our leaders are the best money can buy. They sold us out to the Untouchables; the Secret Societies, a hidden agenda outlined long ago.
ReplyDeleteWith the Fed health takeover, the fake global carbon tax and other leapfrogs it won't be too much longer before the Clandestine Empire becomes transparent.
All you are expected to do now is work and be a capital product for the system.
Its the end of the world as we know it. To think that there are people who thought that the government had all the answers to thier problems. Soon the government will be telling us when we can work and sleep, work and eat, work and take a crap, work and who we can breed with, work and die...I didn't vote for all this crap. They are only human like me. I don't have to listen to them. They can kill my body, but not my spirit.
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ReplyDeleteI know it all along EA reserves the missing D for Derivatives.
Time Mags person of the year Ben Bernanke will save us. He is no criminal. Just a hell of a nice guy.
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ReplyDeleteTurn out the lights, the party is over.
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