Thursday, December 3, 2009

Numbers to Think About

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.

No comments:

Post a Comment