Thursday, April 16, 2020 12:44:40 PM
https://www.goldmoney.com/research/goldmoney-insights/the-looming-derivative-crisis
Total world exposure is $640 trillion
2020 World GDP is about 90 trillion
To avert disaster currencies will need to print like never before. Including saving dysfunctional businesses that no sane bank would lend to ( but will be forced to anyway ). As if they default on their party losses to the derivatives market, the banks go under.
We are heading to a new financial system. The death of the current one will be terrifying.
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