$1,200 Trillion Derivatives Market Dwarfs World GDP

$1,200 Trillion Derivatives Market Dwarfs World GDP John Rolls Submits: The Derivatives market was only 500 trillion in 2008 when it almost blew up in all our faces. Now it is 3 times that size, what a monster balloon! when it blows no one survives that has money in the banks or in the mattress. You better start investing in silver and gold which is real money not fiat. Financial hell is coming if you put your faith in the banks! .Yes it's about capitalism but notice he also uses the politically incorrect word MORAL, no system of any type is worth using without basic ethical and moral principles as the basis of it. Needless to say, GREED runs this system and has for quite a while and unless and until honor and virtue replace it...the system will continue to increase unpayable debt and bring the economic system to a tragic and very messy ruin. _______________________________________________________________ Another Ticking Time Bomb: $71.2 Trillion Dollars in "Unallocated" Derivatives According to the CIA Fact Book, the world economy was $54.62 trillion (at official exchange rates) in 2007. You've probably heard that the amount of credit default swaps (CDS) is greater than the world economy. This is confirmed by the Bank for International Settlements -- the official organization which tracks derivatives -- there were $57.9 trillion dollars worth of CDS as of December 2007. But did you know that the amount of unallocated derivatives as of December 2007 was an additional $71.2 trillion dollars ? I'm not sure if anyone except the financial players themselves know what these unallocated derivatives are. But one thing is for sure: CDS and the unallocated derivatives have to be canceled or valued at a penny each, and regulated quickly. _________________________________________________________________ FINANCIAL IMPLOSION: Global Derivatives Market at $1,200 Trillion Dollars ... 20 Times the World Economy How Large Is the Derivatives Market ? Everyone paying attention knows that the size of the derivatives market dwarfs the global economy. But how big is it really? For years, there have been rumors that there is over a quadrillion -- one thousand trillion -- dollars in notional value of outstanding derivatives. But no one really knew. Even though the Bank of International Settlements regularly publishes tables showing the amounts of different types of derivatives, some of the categories are ambiguous, and so it has been hard to get a good handle on what's really out there ... http://www.globalresearch.ca/financial-implosion-global-derivatives-market-at-1-200-trillion-dollars-20-times-the-world-economy/30944