| Economy Economy discussion forum. Discuss the politics and effects of the general economy and global economic collapse here. Please keep all politics out of the Finance and Investment subforum. |
 |
11-28-2011, 05:14 PM
|
#1
|
|
Dismember
Join Date: Oct 2008
Posts: 35,164
Thanks: 171
Thanked 389 Times in 325 Posts
|
$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months
__________________
* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
|
|
|
|
The Following User Says Thank You to Ought Six For This Useful Post:
|
|
|
11-28-2011, 05:37 PM
|
#2
|
|
one of those hopelessly disorganized people
Join Date: Aug 2008
Location: Central California
Posts: 1,519
Thanks: 1,225
Thanked 201 Times in 139 Posts
|
Wow, how big can this bubble get without bursting?
|
|
|
|
|
11-29-2011, 02:28 PM
|
#3
|
|
Senior Level 5
Join Date: Aug 2008
Location: Melbourne Australia
Posts: 7,245
Thanks: 133
Thanked 423 Times in 284 Posts
|
What a scam . Charging and receiving fees for no real added value .
It has been argued that a primary function of Credit default swap ( CDS )
derivatives is legal manipulation of the reserve banking system and
securities laws .
By use of a CDS banks and other organizations can insure their debt
and thereby cover legal requirements for the quality of their exposures .
The fact that no organization could possibly provide actual funds via
a CDS agreement to cover the enormous potential losses is of
course ignored by all parties.
So perhaps the explosion in poor quality debt also explains the explosion
in derivative use .
.
__________________
All paper is a short position on gold.
“Gold is money. Everything else is credit.”
.
Last edited by Ross; 11-29-2011 at 02:34 PM.
|
|
|
|
|
|
Tags
|
$107, $707, 000, 568, 901, banks, derivatives, increased, months, outstanding, record, total, trillion  |
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -4. The time now is 11:06 AM.
|
