The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- | |
Street Prophet
(OP) User ID: 77814954 United States 12/08/2022 09:45 AM Report Abusive Post Report Copyright Violation | |
Street Prophet
(OP) User ID: 77814954 United States 12/08/2022 09:47 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- Banks Ranked by Derivatives The following is a ranking of all banks in the United States in terms of "Derivatives". This comparison is based on data reported on 2022-06-30 [link to www.usbanklocations.com (secure)] Street Prophet |
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Bright Side
Texas Yellow Rose Colored Glasses... User ID: 81105736 United States 12/08/2022 10:08 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- It's all monopoly money! The financial system is a giant ponzi scheme! Quoting: Anonymous Coward 5864420 very true - and has been since Nixon took us off gold. but the "collapse" of 2008 put the scheme on steroids. Honestly I'm not sure Paulson and Gheitner were thinking in terms of the grift but I bet Bernake was... the problem is the grift got exponentially bigger than they ever thought it would or could... they have no choice to but to really crash it now so we can move onto the next big ponzi - FEDNOW. We are such fools. We had a chance to be a haven but with the announcement of our our cdbc we will be a third world county within a decade. Life is a spiritual war and no matter where we lay our head, we live in a warzone. There will be casualties. You do get to choose your side. I chose the Bright Side where my God fights for me. Others chose the Dark Side and fight for an entity that views them with disdain and discards them. |
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Street Prophet
(OP) User ID: 77814954 United States 12/08/2022 10:21 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- TOO BIG TO FAIL Quoting: Anonymous Coward 84894408 The banks will be bailed out if we have to confiscate all the private wealth held by the American People. It's for the children! There's not enough deposits on hand to cover the massive derivatives debt for the bail ins should there be a derivatives default by the big banks. Street Prophet |
John Dutton
Forum Moderator User ID: 83184620 United States 12/08/2022 10:23 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- If money can be made out of nothing, then why would these derivatives that don’t exist cause a crash? Value is just a perception when it is made out of nothing. “I’m the wall that progress ran into" |
Anonymous Coward User ID: 61808181 United States 12/08/2022 10:27 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- TOO BIG TO FAIL Quoting: Anonymous Coward 84894408 The banks will be bailed out if we have to confiscate all the private wealth held by the American People. It's for the children! There's not enough deposits on hand to cover the massive derivatives debt for the bail ins should there be a derivatives default by the big banks. toss in everyone's real estate for the win (banker win) you will own nothing, and like it right? |
Anonymous Coward User ID: 83932681 United States 12/08/2022 10:28 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- This is why there is a student loan bailout. Students are just being used to sell it. Wal-Street, bundled and sold those student loans as Derivatives. Now the loan holders are aging and dying, in a few years most of those loans will go into default as boomers die off. |
TIO JUAN
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TIO JUAN
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Anonymous Coward User ID: 84114331 United States 12/08/2022 10:35 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- If money can be made out of nothing, then why would these derivatives that don’t exist cause a crash? Quoting: John Dutton Value is just a perception when it is made out of nothing. It won't, we just have a bunch of arm chair economists who have zero understanding of the economy / monetary systems and simply repeat what they hear doom mongers say, because they think they're on the "in" and have special knowledge that the mass public doesn't. Of course, it's all bullshit and they'll link their source as some video of some person who has zero education, zero references, zero evidence. But they eat that shit up, then call everyone else sheep for not believing Jim Bob, who graduated from Devry university with a degree in English Literature. |
Anonymous Coward User ID: 83892304 12/08/2022 10:38 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- If money can be made out of nothing, then why would these derivatives that don’t exist cause a crash? Quoting: John Dutton Value is just a perception when it is made out of nothing. Well, it's not just nothing they rely on government laws forcing people to use their currency which is created from debt while preventing the use of anything else like precious metals. It's lies really, they create trillions of new debt with a couple mouse clicks but what underlies it all is that promise it will be repaid with interest. But that's an illusion as all that debt is rolled over with more debt usually at lower rates of interest. It's a scam really, so they don't create new currency from nothing they create it from a whole bunch of lies. |
Anonymous Coward User ID: 80058355 United States 12/08/2022 10:54 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- It cannot be stopped,” a Mossad source says Quoting: Street Prophet [imgur] [link to imgur.com (secure)] When Chase swallowed up JP Morgan the first thing they did was gut the platinum standard CORPORATE RISK MANAGEMENT department... JPM got their name for being #1 in Risk. Yesterday was reviewing the risk presentation to Chase that pissed them off. Had a few good laughs. JPM knew where the bodies lay wrt. Chase (and Citi) wrt. Enron. Remember Enron. Right, peanuts now compared to FTX. Same thieves running the show. Swamp. Timing of 9/11 was always curious. Was supposed to be early August... |
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Anonymous Coward User ID: 84477405 Netherlands 12/08/2022 11:05 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- If money can be made out of nothing, then why would these derivatives that don’t exist cause a crash? Quoting: John Dutton Value is just a perception when it is made out of nothing. Those banks believe those derivatives have value, otherwise they wouldn't have purchased them. Money is a faith-based religion. |
Anonymous Coward User ID: 84888545 United States 12/08/2022 11:15 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- Derivatives are fraudulent financial instruments dreamed up by the Bernie Madoff psychopathic minions. They are worthless, and will not be honored for gains or losses. You got suckered. Seek out the bastards that did it and make them sleep with the fish. |
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Anonymous Coward User ID: 83771540 United Kingdom 12/08/2022 11:35 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- If money can be made out of nothing, then why would these derivatives that don’t exist cause a crash? Quoting: John Dutton Value is just a perception when it is made out of nothing. It won't, we just have a bunch of arm chair economists who have zero understanding of the economy / monetary systems and simply repeat what they hear doom mongers say, because they think they're on the "in" and have special knowledge that the mass public doesn't. Of course, it's all bullshit and they'll link their source as some video of some person who has zero education, zero references, zero evidence. But they eat that shit up, then call everyone else sheep for not believing Jim Bob, who graduated from Devry university with a degree in English Literature. the mass public are brainwashed followers. It doesn't take much to have knowledge the public doesn't, you just have to read books |
Anonymous Coward User ID: 84809835 United Kingdom 12/08/2022 11:50 AM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- Worrying about the financial Ponzi collapsing is pointless. You only die once. TPTB will do everything to keep the financial balls in the air because the rich have the most to cling to. Poor people are well aware the every-day struggle for existence. The chaos will quickly be the same for all. There is no other planet to run to... Holes in the ground are no get-out. |
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Jack The Leper
User ID: 84869724 United States 12/08/2022 12:22 PM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- IN TWO WEEKS!!!! TWO WEEKS!!!! Jerusalem, my happy home, When shall I come to thee? When shall my sorrows have an end? Thy joys when shall I see? O Christ, do Thou my soul prepare For that bright home of love That I may see Thee and adore With all Thy saints above. |
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Anonymous Coward User ID: 83488497 United States 12/08/2022 12:29 PM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- If money can be made out of nothing, then why would these derivatives that don’t exist cause a crash? Quoting: John Dutton Value is just a perception when it is made out of nothing. It won't, we just have a bunch of arm chair economists who have zero understanding of the economy / monetary systems and simply repeat what they hear doom mongers say, because they think they're on the "in" and have special knowledge that the mass public doesn't. Of course, it's all bullshit and they'll link their source as some video of some person who has zero education, zero references, zero evidence. But they eat that shit up, then call everyone else sheep for not believing Jim Bob, who graduated from Devry university with a degree in English Literature. the mass public are brainwashed followers. It doesn't take much to have knowledge the public doesn't, you just have to read books The right books… |
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Anonymous Coward User ID: 75787934 Canada 12/08/2022 12:34 PM Report Abusive Post Report Copyright Violation | Re: The $2.5 quadrillion in derivatives held by the banks that will cause the financial system to collapse first. “It has already started to crack-- Uh, have you seen videos on increasingly growing homeless encampments in various cities of America? At best, the areas look like the Third World full of rundown Winnebagos. Or, more likely, they look like the Third World with tents instead of wood-shack shanties. . |