The 4 Horsemen Of Economic/Social Apocalypse !

GOD IS MY DOG

Alfrescian (Inf)
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Still any doubts that banksters rule the planet ?

Warren Buffett referred to derivatives as "financial weapons of mass destruction" with estimates of the global derivatives market up to 1.5 quadrillion dollars (1500 Trillion).................1 Trillion = 1000 Billion

Keep in mind that global GDP is around 70 trillion dollars per year....................



now for the 4 horsemen of economic Armageddon........................




1) JPMorgan Chase

Total Assets: $1,812,837,000,000 (just over 1.8 trillion dollars)

Total Exposure To Derivatives: $69,238,349,000,000 (more than 69 trillion dollars)



2)Citibank

Total Assets: $1,347,841,000,000 (just over 1.3 trillion dollars)

Total Exposure To Derivatives: $52,150,970,000,000 (more than 52 trillion dollars)



3) Bank Of America

Total Assets: $1,445,093,000,000 (just over 1.4 trillion dollars)

Total Exposure To Derivatives: $44,405,372,000,000 (more than 44 trillion dollars)



4) Goldman Sachs

Total Assets: $114,693,000,000 (just over 114 billion dollars - yes, you read that correctly)

Total Exposure To Derivatives: $41,580,395,000,000 (more than 41 trillion dollars)

That means that the total exposure that Goldman Sachs has to derivatives contracts is more than 362 times greater than their total assets.





### the sub-prime crisis in 2007-8 only involved just over 1 Trillion dollars worth of derivatives !
 
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as far as im concerned, bankers cant be trusted. after the big bailout, stlll never learn their lesson. its always, more more more at all costs
 
Talk about big numbers.

And you said you can't afford a new phone?
 
It was not too long ago when it was only 10 times the world's GDP. I believe it was only 5 years back.
 
It was not too long ago when it was only 10 times the world's GDP. I believe it was only 5 years back.


boh leh.................back in 2003 when i told my friends about the coming great depression, already over 400 trillion liao
 
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