Wow-derivatives over $500 trillion ?

[Carole]

Wow-derivatives over $500 trillion ?

And I thought it was anout $50-60 trillion until I heard that. (That would be bad enough)

Is the $500 trillion likely closer to the truth? :(

[literatim]

There is an estimated $4 quadrillion in derivatives world wide.

[Cowlesy]

Estimates vary, but I've heard more about $1 quadrillion exist.

This is why banks, going forward, will not be allowed to fail like Lehman did.

[Carole]

Estimates vary, but I've heard more about $1 quadrillion exist.

This is why banks, going forward, will not be allowed to fail like Lehman did.
Unbelievable!!! There is nowhere near that much actual "fiat" money in the world for that is there?

And these guys are supposed to be smart??????? LOL

Do these figures comes from the BIS?

[Cowlesy]

Carole --- it is a professional's type site, but may help to unlock understanding.

http://www.thedeal.com/servlet/Satellite?pagename=webreprint&c=TDDArticle&cid=1223252367230

[BeFranklin]

Not a chance a bailout of 700 billion would ever fix it. Nothing can, but to get the people that caused it to be liquidated as quick as possible and off the stage.

[nate895]

I wonder what 1 Quadrillion looks like in one dollar bills.

[constitutional]

I wonder what 1 Quadrillion looks like in one dollar bills.

fiatage.

[nate895]

fiatage.

Apparently, 1 Quadrillion in pennies would reach Saturn.

[mudburn]

1,000,000,000,000,000 (one quadrillion) seconds would be over 31.5 million years. (Or, one quadrillion micro-seconds would be 31,709.8 years.)

1,000,000,000,000,000 pennies stacked up would reach 876,823,793.5 miles. Saturn orbits the sun at a mean distance of 887 million miles and is never less than 746 million miles from earth.

If $1,000,000,000,000,000 were evenly divided between every man, woman, and child in the world, we'd each receive $148,599.02, or, rather, in this case that's how much we'd all owe.

dp

[RonPaulR3VOLUTION]

http://www.marketoracle.co.uk/images/financial-wmd_image002.jpg

http://www.marketoracle.co.uk/Article6335.html

[N13]

http://www.marketoracle.co.uk/images/financial-wmd_image002.jpg

http://www.marketoracle.co.uk/Article6335.html

Thanks for the link. That author knows what is going on.

Must read.

[Texan4Life]

what are derivatives?

[angelatc]

what are derivatives?

Others can explain it better than me, but that won't stop me!

THey are financial products that depend on other products for their existance.

Like, stock options. Those give you the option of buying a stock at a predetermined price at some predetermined point in the future. So they value of the option depends on the value of the stock, and wouldn't exist if the stock didn't exist.

They are assets that only have a value based on the existence of another asset.

[Joe3113]

what are derivatives?

Futures, Options, Credit Default Swaps, Mortgage-Backed Securities ...... basically anything that is only a paper contract and doesn't have any real value.

Sub-prime mortgages were never the real problem. Derivatives are the real problem. These derivatives deals are simply not done if you have real commodity money and no central bank pumping in credit.

The value of the entire earth is exceeded by 20 times with these worthless derivatives deals. They are pure speculation. But when they have to be unraveled it causes chaos.

Also remember, during these crises, wealth is not destroyed, it is merely transferred. You'll notice bigger institutions gobbling up smaller ones. Same thing occurred in the great depression. This is how the conspirators have decided to achieve their goals of centralisation.

What they will do now is keep compounding the problem and sometime next year the whole thing disintegrate and you will see mass-starvation. This is the point when they will come in with their idea for a world central bank that controls all others. That is what Ron Paul has been talking about on Cavouto etc.

Yes it is a conspiracy, but, like Ron says, it's so easy to see what they are doing that its almost not a conspiracy.

[lasenorita]

This is why banks, going forward, will not be allowed to fail like Lehman did.

And according to this article (http://www.financialsense.com/Market/kirby/2008/0922.html), it's precisely the reason why Lehman was 'allowed' to fail.

[rp4prez]

Can any explain to me how it could get to be such a large number?

[Texan4Life]

And according to this article (http://www.financialsense.com/Market/kirby/2008/0922.html), it's precisely the reason why Lehman was 'allowed' to fail.

WOW!!

you should make a new thread about this.

[surf]

it's partly an accounting thing (the unfathomable size) - where "derivative" assets on one banks books are "derivative" liabilities on anothers, and when you add this up....

[rp4prez]

And according to this article (http://www.financialsense.com/Market/kirby/2008/0922.html), it's precisely the reason why Lehman was 'allowed' to fail.

Holy crap man why isn't anyone reporting on this? wow.

[ultimaonliner]

These numbers are relatively large because they represent "notional values" of what the underlying assets would be worth.

[Truth Warrior]

Total Notional Value Of Derivatives
Outstanding Surpasses
One Quadrillion
http://www.rense.com/general82/out.htm (http://www.rense.com/general82/out.htm)






"If you want to understand, what's REALLY going on, just follow the money!"

[Truth Warrior]

IT’S THE DERIVATIVES, STUPID!
WHY FANNIE, FREDDIE AND AIG ALL HAD TO BE BAILED OUT
http://www.webofdebt.com/articles/its_the_derivatives.php



"Give me control of a nation's money and I care not who makes her laws." -- Mayer Amschel Rothschild

[Sarge]

All might want to read this one,

http://www.independent.co.uk/news/business/news/a-163516-trillion-derivatives-timebomb-958699.html

[Truth Warrior]

All might want to read this one,

http://www.independent.co.uk/news/business/news/a-163516-trillion-derivatives-timebomb-958699.html For UK MSM :rolleyes: that's a good one.

Thanks! :)

[Sarge]

You are welcome.