Banking
Dangerous Derivatives And Why Our Banks Are Hiding Them
You think Derivatives won’t affect the world you live in.
Try a figure of
SIX HUNDRED TRILLION DOLLARS CONSERVATIVE ESTIMATE $600,000,000,000,000.00
ANNUAL GLOBAL GDP IS $60 TRILLION DOLLARS ( 1/10TH OF DERIVATIVES TOTAL)
IT HAS BEEN ESTIMATED THAT THE UPPER LIMIT OF GLOBAL DERIVATIVE FINANCIAL ’BETS’ OUT THERE COULD BE AS HIGH AS TWELVE HUNDRED TRILLION. $1,200,000,000,000,000.00,
When any one of a number of financial shocks hit next time it’s not hard to imagine the consequences of biblical proportions