THANKS TO THE ROTHSCHILDS BANKSTER CARTEL !
THEIR FINANCIAL HUB - THEY'LL HAVE TO SUCK IT UP!
$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months
Submitted by Tyler Durden on 11/26/2011 20:44 -0500
“While everyone was focused on the impending European collapse, …the Bank of International Settlements reported a number that quietly slipped through the cracks of the broader media. Which is paradoxical because it is the biggest ever reported in the financial world: the number in question is $707,568,901,000,000 and represents the latest total amount of all notional Over The Counter (read unregulated) outstanding derivatives reported by the world’s financial institutions to the BIS for its semi-annual OTC derivatives report titled “OTC derivatives market activity in the first half of 2011.”
…More:
http://www.zerohedge.com/news/707568901000000-how-and-why-banks-increased-total-outstanding-derivatives-record-107-trillion-6
1 comment:
.....(....) Sat, 11/26/2011 - 23:28 | 1916805 Coke and Hookers: This is a part of the reason for the unholy alliance between bankers and politicians. Real economies (you know, the part of the economy that creates wealth) stop growing or contract. That's not good because hardship pisses people off and politicians get voted out. The solution is either to reverse globalism & outsourcing (not fucking way!) or falsify all the economies. Bankers come to the rescue and create a huge debt bubble to fake economic growth and prosperity. As a reward for their trouble their huge derivatives engine acts as a gigantic real-wealth transfer mechanism sucking people's posessions into the banks. Politicians are now dependent upon banks and take orders from them. Bankers now control the USA and the EU throught this deal. If bankers need to find new territitories for new bubbles or neutralize pesky goldmongers like Gaddafi they tell their politicians/bitches to mobilize NATO. Politicians create united front against the people to defend their bank handlers and we turn into slaves with the glorious purpose in life to work to service the debt bubble created by the banks and be sacrificed like cattle if the bankers need to liberate some middle-eastern country. ///
Sun, 11/27/2011 - 01:06 | 1916953macholatte
The solution is either to reverse globalism & outsourcing (not fucking way!) or falsify all the economies........You may have hit the nail, old man. The economies are being falsified, we know that, and will likely end up with "every man/country for himself" will mean the end to the globalism crap. The so called emerging markets will sink back to where they were circa 1950, Europe will have to dig itself out of the Euro Zone because none of them will want to do it again, the USA will have to go into isolation and hunker down and re-learn what manufacturing real stuff is all about, the ME will have its
one last huge war, Russia & China will gasp for air and will want to stay out of any conflicts. It is pretty obvious that the debasement of the human mind caused by a constant flow of fraudulent advertising is no trivial thing. There is more than one way to conquer a country. Raymond Chandler ///
Sun, 11/27/2011 - 03:30 | 1917054 Lord Koos
It'll be hard for the US to get manufacturing to scale that was in say, 1970... no cheap oil this time around.
Sun, 11/27/2011 - 10:24 | 1917332 Reformed Sheep
The labor costs are probably comparable, tho...
Sun, 11/27/2011 - 09:24 | 1917275G MadScientist
a) Try 1850.
b) Russia takes a chunk out of Europe.
c) China buys the rest for a song. ////
Sun, 11/27/2011 - 01:57 | 1917000 Silver Kiwi
New Zealand has just reelected John Key as our Prime Minister with a mandate to sell all the countries state owned assets to raise NZD$4b to pay down part of our debt. Jonkey is old school bankster through & through. From his own website http://www.johnkey.co.nz/pages/bio.html
"John launched his investment banking career in New Zealand in the mid 80s. After 10 years in the New Zealand market he headed offshore, working in Singapore, London and Sydney for US investment banking giant Merrill Lynch. ...
I thought us kiwi's were 'safe' down here out of the way. Unfortunately we're about to be fucked just like the rest of the planet... ///
Sun, 11/27/2011 - 03:48 | 1917064 gangland
end neoliberalism before hard fascism becomes inveitable and deeply entrenched. all of this is neoliberalism.
http://corpwatch.org/article.php?id=376 ///
Sun, 11/27/2011 - 08:54 | 1917222Sean7k
Too late. Fascism was becoming entrenched in 1942. Now, we are used to it.......
//....etc.... 6 pages of comments at: //
http://www.zerohedge.com/news/707568901000000-how-and-why-banks-increased-total-outstanding-derivatives-record-107-trillion-6 ..
Post a Comment