Tag Archives: quadrillion

Quadrillions in Derivatives – June 10, 2008

Posted on October 10, 2010 by gerold

This is approaching insanity. In the paper I wrote last fall “The Crash of 2007” I said that globally the value of derivatives (funny money) was $516 Trillion as reported by the BIS (Bank of International Settlements.) Compare this to … Continue reading →

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