Great read / links. Derivatives (bets) on derivatives (bets) is more profitable than investing, especially if you (or your other bank mates) can control the price / outcome you're betting on. Talk about cashflow! Cant see anything less than an act of God to take this all down. Pretty depressing thought. http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
I find it amazing that there is not a lot more response to this post.. IMO,Debt is the real and only reason that the western world is in such a financial mess..Derivatives, Place your bets bankers, if you loose the government will bail you out.. We all buy silver here and some of us believe that it is cheap at the moment but just imagine the price of silver if you bought at 42 and then it went down, you get your money back or back a horse for a million $ and if it looses you get your money back. Thats the order of the day! Can someone please tell me how the USA is going to pay back the $15 trillion debt ? Regards Errol 43
IMO, I don't think it will ever be paid back. They control the bet(s) & the outcome. If / when the USD is debased there is nothing stopping the #ankers from writing off each others debts and starting the monopoly game again with whatever replacement currency / money.