tag:blogger.com,1999:blog-6399730406480392183.post4602324990520695796..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: The Multi-Trillion Dollar Vulnerability of America's Banking SectorA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6399730406480392183.post-81617427996190056902018-02-19T09:07:48.896-04:002018-02-19T09:07:48.896-04:00Does any of this really matter when the Central Ba...Does any of this really matter when the Central Banks of the world have explicitly said they will bailout everything that threaten financial stability? <br /><br />Its all just digital numbers anyway. A button here, a lever there, and a dial and poof trillions upon trillions of currencies to backstop a run.The Observerhttps://www.blogger.com/profile/17428770727452010222noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-40163008687431050362018-01-19T09:20:09.533-04:002018-01-19T09:20:09.533-04:00On occasion, it is important to revisit issues tha...On occasion, it is important to revisit issues that have been swept under the rug or simply overlooked. For most people, the derivatives market falls into this category, partly because they don't understand exactly what derivatives are or why this market is so important. Everyone paying attention knows that the size of the derivatives market dwarfs the global economy.<br /><br />The US Office of the Comptroller of the Currency at the time reported the exposure of US banks to derivatives totaled 237 trillion dollars. Of that, four big banks, JP Morgan Chase, Citibank, Goldman Sachs and Bank of America account for over 219 trillion dollars. The article below explores these potential weapons of mass destruction.<br /><br />http://brucewilds.blogspot.com/2017/02/derivatives-could-explode-like-bomb.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.com