USA And The Future Of The World

[dhu]

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->I’ve just started reading Matthias Chang’s “The Shadow Money Lenders” and already in the introduction it’s plain that the scope of the the scam - the derivatives market, is monumental. Cheching out the Apendices, as of Sept 30, 2007, JP Morgan Chase & Co had about $92,000,000,000,000 that’s USD $92 trillion dollars worth of derivatives yet only $1 trillion worth of assets. And this pattern is repeated across the board. Citygroup is next, $39 trillion derivatives, $2.4 trillion assets. This pattern repeats itself for the 25 magacrop institutions presented, giving a total derivative holding of $179 trillion yey only $10 trillion assets.<!--QuoteEnd--><!--QuoteEEnd-->