When you start with $7 Trillion in consumer bank deposits and multiply it by 23, you get $165.2 Trillion (or 1.652 Quadrillion).
Look at it with zeroes: $1,652,000,000,000,000.
Thats what represents the alleged value of the derivatives market. I say alleged because theyre estimates the banksters put on the value of these mysterious investments.
They admit that they cant always come up with a true value of them because of changing market conditions.
Therefore, it should not surprise you that TPTB maintain a very low profile when it comes to the derivatives market.
In fact, over 99% of consumers are clueless about what they are or represent. (Nor do they understand the threat they pose)
Go ahead Google derivatives. Youll find countless explanations that make them even more confusing. (The banksters want you to be confused)
Let me give you the plain English description: In its simplest form a derivative is a contract (not a tangible asset and not backed by anything) issued by a company with a promise to pay or insure against a default.
Heres the scary part.
When the derivatives market blew up 2008, (because the banks couldnt pay-up on them) nothing was ever fixed.
And today they are waaaaaayyyyy bigger.
If you own a stock, bond, mutual fund, etc., ask yourself, Whos on the other side of that trade? (meaning, who or what is backing up what you think you own?)
You dont have to be a rocket scientist to see that NO ONE can back up $1.652 Quadrillion of anything.
Eventually, something will trigger this time-b0mb and when that happens youll hear the crybaby politicians say Who could have foreseen this happening.
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