$600-Trillion in pension derivatives missing - ? -
ex. Coming Soon: The $600 Trillion Derivatives Emergency Meeting -
Current emergency meetings on banks and markets are still only in the stage where politicians and central bankers are bickering over how to create a few more hundred billions Euros and FRNs. But toxic MBS pale in comparison to the mushrooming growth of the derivatives market. According to figures released in the quarterly review of the BIS (pp A103) in September the total notional amount of outstanding derivatives in all categories rose 15% to a mindboggling $596 TRILLION as of December 2007.
This means that Paulsen will have to intervene 857.14 times with $700 billion dollars each time, in order to clear the derivative debt from the books - the bill passed, HE WILL BE ABLE TO DO THAT - AS MANY TIMES AS HE WANTS TOO - and for each time - it will be - less pension money for the people -
The question is, how many times will he? I suspect that he will only be able to do it about 4 times before the dollar is reduced to a penny or two.
Now we haven't even calcuated in the commercial real estate collapes (body waste) that is going to hit the electric cooling device (fan). Oh my, oh my... we haven't seen anything yet -
the fedz fiatz$ doomed - elitz 666circuz planned collapse? -
Thomas Jefferson quote to Secretary of Treasury in 1802 and links -
"I believe that banking institutions are more dangerous to our liberties than standing armies.
If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.
The issuing power should be taken from the banks and restored to the people, to whom it properly belongs" -
Thomas Jefferson - letter to the Secretary of the Treasury Albert Gallatin (1802).
mick well said, most of us are looking for a president for leadership - and good gov't policies with smaller gov't too.
the more polo-ticz bureaucratz - all takes bigger and bigger golden umbrellaz - the less bread to the people - only the 666dustz is left - ground666zero - --