There’s currently a $2 quadrillion derivatives bubble, which is about to take down the entire global economy

‘All the world’s largest banks are overleveraged on these toxic derivatives contracts: Deutschebank, Goldman Sachs, Wells Fargo, Bank of America, etc.
Basically a derivatives contract is like insurance. I always use the example of oil. If an energy company knows it’s going to need oil to run their electricity plant, but the price of oil fluctuates daily, they might want to negotiate a “set-price” [to make it easier for them to build the cost into the accounting models]. Such an energy company might go to Goldman Sachs and say, “Can you negotiate with Saudi Arabia to give us a stable price?” Whereupon Goldman Sachs creates an insurance contract, locking in a spot-price of, say, $100 a barrel. No matter where the international price goes, Goldman Sachs is now contractually obliged to deliver the oil at that price. But what if oil plunges from $100 to $20 a barrel?’
Read more: There’s currently a $2 quadrillion derivatives bubble, which is about to take down the entire global economy

THE PERCEPTION DECEPTION BY DAVID ICKE

The Perception Deception is destined to be a work recorded by history as the masterpiece that changed the world. As Icke says: ‘I can now see that my whole life has been leading to this book”
Over 900 pages and 400,000 words are in this masterpiece, David’s Biggest work to date. A must read for anyone interested in knowing the true backstory to Current World events and much more including the later of reality and much more.
Click here to buy …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.