But one huge monster that everyone in our financial institutions tries to avoid talking about is of course the multi-Quadrillion dollar Derivatives time bomb that could eventually bring about that world wide economic collapse that nations all dread. It is surprising that few people are even aware of Derivatives and how deadly the situation truly is becoming...
To again show everyone exactly how dangerous Derivatives have truly become, I want to present the following interesting article that comes from a website called "Shenandoah" at www.johngaltfla.wordpress.com, entitled: "647,762,000,000,000 Reasons To Worry: The Derivatives Time Bomb", for everyone to view for themselves right here. I do of course have my own comments and thoughts to follow:
647,762,000,000,000 Reasons to Worry: The Derivatives Time Bomb
June 3, 2012 19:10 ET
Data from the Bank for International Settlements due to be released on Monday shows aggregate cross-border claims, generally loans, of banks fell sharply, seeing a drop of $799bn from levels of the previous quarter, amounting to 2.5 per cent of lending.
Within that, the biggest drop came from lending to other banks which fell by $637bn, or 3.1 per cent.
Cross-border lending to banks in the eurozone periphery continued to contract sharply – commitments to Greece, Ireland, Italy, Portugal and Spain dropped substantially.
NTS Notes: What everyone must be aware of is that this 647+ Trillion dollar figure as presented in this article is actually a very low estimate on how huge the Derivatives time bomb is. Some more realistic figures put the amount at actually closer to 1.5 QUADRILLION dollars!
Again, I am truly shocked that the general public is truly unaware of the Derivatives time bomb, and I have long noticed that the so called "economic" talking heads that flood the Jewish controlled mainstream media avoid this like a plague. I have long suspected that is by design. It seems to these crooks that the less the public knows about the truth, the better for them....
The real danger is that this Derivatives time bomb is absolutely not being tackled by either governments or financial institutions. Because of their continuing careless spending practices and their allowances for more hedging and betting on Derivatives markets, that "647 Trillion dollar " (or again some estimates at 1.5 Quadrillion dollar value of outstanding Derivatives will not go away, but only grow to be even more out of control!
In my honest opinion, what needs to be done is to stop bailing out these crooked financial institutions by putting the burden on the general public, and let them fail. The effects on the world economy would be painful for a short while, but the world would eventually recover. Honestly, Is there any other alternative?
More to come