The Problem is ONE QUADRILLION (1144 Trillion)

Merlyn · 09-21-2008, 12:20 AM

There is a problem with the current rescue initiative of $700 billion because the was last reported by the BIS "Bank for International Settlements" as over ONE QUADRILLION (1,144 Trillion) dollars somewhat larger than $700 billion.

1,144,000,000,000,000 --- versus --- 700,000,000,000

That means we may need to have 1,634 of these $700 billion rescues.

Below text from: http://www.rense.com/general82/out.htm
---------------------------------------------------------
Total Notional Value Of Derivatives
Outstanding Surpasses
One Quadrillion
By Jim Sinclair
6-10-8

The notional value of all outstanding derivatives now totals approximately $1.144 QUADRILLION.

This appears to be Bank of International Settlement Spin to announce the largest gain in derivatives outstanding since they started to report. As of the last report it appeared that both listed and OTC derivatives was under $600 trillion. Now listed credit derivatives alone stood at $548 Trillion. The OTC derivatives are shown as $596 billion notional value, as of December 2007. One can only imagine what number they are at now.

Well we hit a QUADRILLION. We have more than $1000 trillion dollars in all derivatives outstanding. That is simply NUTS because notional value becomes real value when either counterparty to the OTC derivative goes bankrupt. $548 trillion plus $596 trillion means $1.144 quadrillion.

It would be an interesting piece of research to see what the breakdown is of listed derivatives according to exchange to see if it adds up to the reported number. Spin is now everywhere.

This means that no OTC derivative house can be allowed to go broke. This means that whatever funds are required to rescue failing international investment banks, banks and financial entities will be provided.

Keep this economic law in mind. Monetary inflation proceeds price inflation and is its primary cause in economic history from Rome to present.

Nothing can stop the juggernaut of price inflation heading towards every nation like a runaway freight train down a mountain.

Merlyn · 09-21-2008, 12:31 AM

To put this in perspective the 1144 Trillion means that every person
on the planet Earth owes about $173,333 dollars to fix this mess.

This is a humorous picture of the situation:

09-21-2008, 12:20 AM	#1
Merlyn Avalon Senior Member Join Date: Sep 2008 Location: Colorado,USA Posts: 108	The Problem is ONE QUADRILLION (1144 Trillion) There is a problem with the current rescue initiative of $700 billion because the was last reported by the BIS "Bank for International Settlements" as over ONE QUADRILLION (1,144 Trillion) dollars somewhat larger than $700 billion. 1,144,000,000,000,000 --- versus --- 700,000,000,000 That means we may need to have 1,634 of these $700 billion rescues. Below text from: http://www.rense.com/general82/out.htm --------------------------------------------------------- Total Notional Value Of Derivatives Outstanding Surpasses One Quadrillion By Jim Sinclair 6-10-8 The notional value of all outstanding derivatives now totals approximately $1.144 QUADRILLION. This appears to be Bank of International Settlement Spin to announce the largest gain in derivatives outstanding since they started to report. As of the last report it appeared that both listed and OTC derivatives was under $600 trillion. Now listed credit derivatives alone stood at $548 Trillion. The OTC derivatives are shown as $596 billion notional value, as of December 2007. One can only imagine what number they are at now. Well we hit a QUADRILLION. We have more than $1000 trillion dollars in all derivatives outstanding. That is simply NUTS because notional value becomes real value when either counterparty to the OTC derivative goes bankrupt. $548 trillion plus $596 trillion means $1.144 quadrillion. It would be an interesting piece of research to see what the breakdown is of listed derivatives according to exchange to see if it adds up to the reported number. Spin is now everywhere. This means that no OTC derivative house can be allowed to go broke. This means that whatever funds are required to rescue failing international investment banks, banks and financial entities will be provided. Keep this economic law in mind. Monetary inflation proceeds price inflation and is its primary cause in economic history from Rome to present. Nothing can stop the juggernaut of price inflation heading towards every nation like a runaway freight train down a mountain.

09-21-2008, 12:31 AM	#2
Merlyn Avalon Senior Member Join Date: Sep 2008 Location: Colorado,USA Posts: 108	Re: The Problem is ONE QUADRILLION (1144 Trillion) To put this in perspective the 1144 Trillion means that every person on the planet Earth owes about $173,333 dollars to fix this mess. This is a humorous picture of the situation: