According to US Treasure Department data, as of November 2009, JP Morgan and Goldman Sachs, hold 120 trillion dollars worth of derivatives contracts.
US GDP is 14 trillion $.
The whole world's GDP is 65 trillion $.
The worth of everything in the world is 200 trillion $.
How is it possible that just two banks hold derivatives that match 60% of the total wealth of the entire planet? Something is clearly wrong here. Think about it. Watch the Still Report on the Economy and specifically this video.
We have a long way to fall I am afraid to say.
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