Old 07-26-2015, 11:48 AM   #1
bob_denard
Senior Member
 
bob_denard's Avatar
 
Join Date: Apr 2015
Location: France
Posts: 1,535
Rep Power: 11
bob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to behold
Default Hidden Time Bombs Behind Greece Bailout

Quote:

Last week, Europe hurriedly offered Greece a new bailout deal … the Greek parliament rushed to pass new Draconian reform laws … the German parliament did the same … and the ECB promptly dished out more money to keep the

country’s banks afloat.

Nearly everyone — lenders, borrowers and politicians — did exactly what they vowed never to do.

Why?

Most people think it’s because they want to defend the euro at all costs. True.

But there’s more to all this than meets the eye: There are hidden time bombs that are driving all players down the same old path of more bailouts and debt pile-ups.

These hidden time bombs have a name: Derivatives.

And they have a number: $630.1 trillion.

That’s right. According to the Bank of International Statistics, at yearend last year, the world’s total notional value of derivatives traded over the counter (outside of organized exchanges) was $630.1 trillion.

That’s about eight times the gross domestic product of the entire planet.

It’s nearly 47 times the total amount of mortgages outstanding in the United States.

And it’s over 34 times greater than the already-huge U.S. national debt.

So here’s the hidden timebomb story in a nutshell:

Hidden Time Bombs Behind Greece Bailout ? Money and Markets - Financial Advice | Financial Investment Newsletter
bob_denard is offline   Reply With Quote
Post New Thread Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Greece Deal Falls Apart as Banks Get ELA Bailout 5th Time in 8 Days! Fred O'Malley Discussing Today's News and Politics 0 06-25-2015 01:06 PM
“This Is A New World Order” - NATO Will Not Allow Greece Leave EU - Faber Fred O'Malley Discussing Today's News and Politics 0 05-11-2015 03:10 PM
The Hidden History of the Incredibly Evil Khazarian Mafia (Updated) Fred O'Malley Discussing Today's News and Politics 0 04-05-2015 03:50 PM
Greece to exit EU/IMF bailout deal in 2014 – PM Fred O'Malley Discussing Today's News and Politics 0 12-31-2013 04:09 PM
If ISRAEL, US & UK attack IRAN - CHINA will launch NUCLEAR Fred O'Malley Discussing Today's News and Politics 41 12-17-2013 01:30 AM

 

All times are GMT. The time now is 11:11 PM.
© White Nations™ . All rights reserved.
No part of White Nations Forum may be reproduced without consent.
Design by Creative IT World
Creator Web Team: Creative IT World

Blue Eyed Devils - Beating & Kicking (MP3 Audio)
WN Forum Comment, Video & Lyrics