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Because derivatives are so unregulated, nobody knows for certain exactly what the total value of all the derivatives worldwide is, but low estimates put it around 600 trillion dollars and high estimates put it at around 1.5 quadrillion dollars.
Originally posted by Esoteric Teacher
reply to post by Ex_MislTech
how much is one derivative worth? or does that depend upon the average of all derivatives?
i can't wait for money to go extinct.
i wonder how much money that will cost us, though?
S&F & Thanks,
Originally posted by Asktheanimals
Money, Schmoney! The derivatives don't matter and I'll tell you why. We have this giant military industrial complex and space weapons for a reason. The military calls it "Full Spectrum Dominance" which a pleasant way of saying being able to target anything and anyone on the face of the earth.
Before our monetary system can collapse we will initiate world war 3. At that point money won't matter much.
I see no other logical outcome.
I have grandkids. I want a bright future but as long as we continue as we have it's not going to happen.
McFadden is also remembered for his criticism of the Federal Reserve, which he claimed was created and operated by European banking interests who conspired to economically control the United States. On June 10, 1932, McFadden made a 25-minute speech before the House of Representatives , in which he accused the Federal Reserve of deliberately causing the Great Depression. McFadden also claimed that Wall Street bankers funded the Bolshevik Revolution through the Federal Reserve banks and the European central banks with which it cooperated. McFadden moved to impeach President Herbert Hoover in 1932, and also introduced a resolution bringing conspiracy charges against the Board of Governors of the Federal Reserve. The impeachment resolution was defeated by a vote of 361 to 8; it was seen as a big vote of confidence to President Hoover from the House.
The fake "recovery" was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun's over, and we're headed for what Celente describes as the "Greatest Depression."
Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the government efforts to keep the economy going begin to fail.