Friday, June 13, 2014

12 Numbers About The Global Financial Ponzi Scheme That Everyone Should Know

12 Numbers About The Global Financial Ponzi Scheme That Everyone Should Know | Zero Hedge
The numbers that you are about to see are likely to shock you.  
They prove that the global financial Ponzi scheme is far more extensive than most people would ever dare to imagine 
As you will see below, the total amount of debt in the world is now more than three times greater than global GDP.  
In other words, you could take every single good and service produced on the entire planet this year, next year and the year after that and it still would not be enough to pay off all the debt.  But even that number pales in comparison to the exposure that big global banks have to derivatives contracts.  
It is hard to put into words how reckless they have been.  
At the low end of the estimates, the total exposure that global banks have to derivatives contracts is 710 trillion dollars.
That is an amount of money that is almost unimaginable......
-$1,280,000,000,000 - Most people are really surprised when they hear this number.  Right now, there is only 1.28 trillion dollars worth of U.S. currency floating around out there.
-$17,555,165,805,212.27 - This is the size of the U.S. national debt.  It has grown by more than 10 trillion dollars over the past ten years.
-$32,000,000,000,000 - This is the total amount of money that the global elite have stashed in offshore banks (that we know about).
-$48,611,684,000,000 - This is the total exposure that Goldman Sachs has to derivatives contracts.
-$59,398,590,000,000 - This is the total amount of debt (government, corporate, consumer, etc.) in the U.S. financial system.  40 years ago, this number was just a little bit above 2 trillion dollars.
Read the rest and fear for our children..... and ourselves!

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