Tick, Tick, Tick: The Quadrillion Dollar Derivatives Tsunami

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2023-03-19 03:38:19 - Translate -

That designation comes chiefly from their exposure to derivatives, the global casino that is so highly interconnected that it is a “house of cards.” Pull out one card and the whole house collapses. SVB held $27.7 billion in derivatives, no small sum, but it is only .05% of the $55,387 billion ($55.387 trillion) held by JPMorgan, the largest U.S. derivatives bank.
https://www.technocracy.news/tick-tick-tick-the-quadrillion-dollar-derivatives-tsunami/

That designation comes chiefly from their exposure to derivatives, the global casino that is so highly interconnected that it is a “house of cards.” Pull out one card and the whole house collapses. SVB held $27.7 billion in derivatives, no small sum, but it is only .05% of the $55,387 billion ($55.387 trillion) held by JPMorgan, the largest U.S. derivatives bank. https://www.technocracy.news/tick-tick-tick-the-quadrillion-dollar-derivatives-tsunami/

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Tick, Tick, Tick: The Quadrillion Dollar Derivatives Tsunami

Since Technocrats demonstrably have it in for Capitalism and Free Market Economics, is it conceivable that they would intentionally pull the tripwire on the gargantuan derivative market? The size of this obscure market is well over 1 quadrillion dollars and is built like a house of cards. Warren Buffet calls it "weapons of mass destruction."

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