Posted on 03/07/2009 9:49:52 AM PST by Ernest_at_the_Beach
Derivative contracts total about three-quarters of a quadrillion dollars in "notional" amounts, according to the Bank for International Settlements. These contracts are tallied in notional values because no one really can say how much they are worth.
Compare any of these to the derivatives market and you can easily see that we are just closing the windows as a tsunami crashes to shore. The total value of all the stock markets in the world amounts to less than $50 trillion, according to the World Federation of Exchanges.
(Excerpt) Read more at marketwatch.com ...
According to former Reagan Administration economist Larry Kudlow, what’s really weighing down the markets are Obama’s inane tax increase proposals, especially re the corporation tax and the capital gains tax.
New 'Safe' Bed Allows Savers To Safely Store Their Cash Under The Mattress
Bed manufacturer Feather & Black is offering savers who have lost faith in the banks somewhere to keep their money safely under the mattress in a concealed safe.
But one thing I did do. Moved ALL my investments off-shore in Nov. 2007. And I assure you that I will not lose a penny because of an insolvent banking system.
When you are right, and know it, its good to act on it.
And those who did not heed the warnings? Well I am not a gloater. I just feel sorry that I did not scream louder.
Well, doesn’t that sound cozy!
Thaanks./...I need a new mattress....LOL!
The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks.
marker
You ever wonder how many different notes were traded for the same piece of property. It sounds like a thug getting your social security number and selling it to 100 wet backs or me taking out 40 full value loans on the same piece of property...
Whomever was/is behind the placement of Barry Soetoro, aka Barack Obama into the presdiency aqnd is continuing to protect him from exposure has at fundamental a genius plan to bankrupt the entire capitalized world in order to establish a one-world economic central control. And they will not let this current poseur-in-chief be ousted because they would have to wait another hundred years to get such a malleable klown to sit atop the destruction with a smile on his face and $100/lb steak in his putrefacted commie mouth because We The People, if we do somehow wrest back our Republic from this bastard and his klown posse will not allow bread and circuses to dumb down our fellows any time soon, again. When the average voting schmoe can name the contestants on American Idol and cannot name the vice president though they voter for his boss, We The People are in the shitter trying to stop idiots from reaching for the flusher!
Did you see this little bundle of joy... http://www.freerepublic.com/focus/f-news/2201386/posts
Statistical annex (PDF, 116 pages, 728 kb)
Text by chapter:
International banking and financial market developments
Full text (PDF, 17 pages, 623 kb) 2. Highlights of international banking and financial market activity Full text (PDF, 10 pages, 94 kb)
1.
Overview: Investors ponder depth and duration of global recession
PDFs also available in French, German, Italian, Spanish
includes box: Disentangling the drivers of recent shifts in break-even inflation rates
Box also available in French, German, Italian, Spanish
PDFs also available in French, German, Italian, Spanish
includes box: International issuance of mortgage-backed bonds
Box also available in French, German, Italian, Spanish
Special features |
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Assessing the risk of banking crises - revisited by Claudio Borio and Mathias Drehmann |
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Abstract (also available in French, German, Italian, Spanish) |
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The US dollar shortage in global banking by Patrick McGuire and Goetz von Peter |
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Abstract (also available in French, German, Italian, Spanish) |
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US dollar money market funds and non-US banks by Naohiko Baba, Robert N McCauley and Srichander Ramaswamy |
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Abstract (also available in French, German, Italian, Spanish) |
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Execution methods in foreign exchange markets by Paola Gallardo and Alexandra Heath |
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Abstract (also available in French, German, Italian, Spanish) ******************************** NOTE*******************
I think I got most of the links to the English documents fixed...if I missed one ....just go to the web site....link at post #68....
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Oh crap I have some money in there.
But I have lots of debt - a million or so.
Why would anyone think that is worthless?
Never been late on a payment, even.
It is likely a lot of these assets are in the portfolios of insurance and annuity companies. If they are unable to honor the policies they have issued, the man on the street will be hit hard. Basically it means we are living in a house of cards which is collapsing and will impact us in ways we cannot yet imagine.
Link to other study: http://www.marketoracle.co.uk/Article6756.html
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