The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label trillions. Show all posts
Showing posts with label trillions. Show all posts

Saturday, January 2, 2016

Lions and tigers and derivatives and bail-ins… OH MY!

Perhaps it is because $247 trillion is just a number too big to contemplate, or that those in charge have an off button perpetually pushed when it comes to accepting the consequences of debt, but going into 2016 this black swan remains a ticking time bomb that can at any time crater the world even more than a conventional world war.
Oh, and by the way… this is just the derivative exposure of U.S. banks alone.
Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trillion dollars?  Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts.  That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment.  Globally, the notional value of all outstanding derivatives contracts is a staggering 552.9 trillion dollars according to the Bank for International Settlements.  The bankers assure us that these financial instruments are far less risky than they sound, and that they have spread the risk around enough so that there is no way they could bring the entire system down.  But that is the thing about risk - you can try to spread it around as many ways as you can, but you can never eliminate it.  And when this derivatives bubble finally implodes, there won’t be enough money on the entire planet to fix it. - Economic Collapse Blog

Read more on this article here... 

Thursday, September 6, 2012

$16 trillion: When money becomes meaningless to government spenders

If you first take $100 and multiply it by 100 you reach one fourth of the median income from American households.  If you then take that dollar amount ($10000) and multiply it by 100 you have reached a million.

Most people in life will never see that much money at one time, so to understand how large a trillion is like trying to read War and Peace in original Russian.  Even for someone with a dictionary, it is a feat that stretches the boundaries of their thinking capacity.

Now realize that the government spends nearly $4 trillion per year, and borrows almost half of that from the banks.  As the government continues to expand on the $16 trillion national debt, the true realization comes when you realize that with numbers this high, money becomes meaningless.

What $1 million looks like.

What $1 trillion looks like.

Welcome to the new norm, where government spending runs parallel to the numbers of stars discovered in a single galaxy.

Sunday, January 1, 2012

Local governments hiding money from citizens

An interesting study by the American Free Press came out in 2011 regarding a growing trend in many states to hide money away from the 'public records', while at the same time claim budget deficits and the perception of insolvency.

But Minnesota had $2.9 billion hidden from taxpayers in fiscal 2010, which ended June 30.
Assets exceeded liabilities by $10.9 billion. Another $2.9 billion in “unrestricted net assets” were hidden from public view.
What all states are not saying is they have plenty of bucks salted away, but you aren’t supposed to know that. Each year, all state and local governments prepare a financial report on assets, liabilities, revenues and expenditures called the Comprehensive Annual Financial Report, or CAFR. You read about the budget and how your tax dollars are supposed to be spent in your local newspaper, but you don’t read about money hidden in the CAFR, because America’s controlled media hides these important facts.
Walter Burien, a former commodity trader and leading authority on CAFRs, claims that state governments are sitting on more than $600 billion worth of assets. And that’s just the states. When you tally up the holdings of all 85,000 local, state and federal governments, the value of all of the assets comes to about $60 trillion, says Burien.
“Being that the CAFR is the accounting document for every local  government, and with it effectively being blacked out for the last 60 years, this intentional omission of coverage is the biggest conspiracy that has ever taken effect in the United States,” said Burien. It’s “the biggest game in town.” - James P. Tucker Jr via the American Free

Just remember these hidden stores of cash the next time you think that governments are for the benefit of the people, not the other way around.  What this hidden cash is for, or whom it goes to is an intrical part of why the ultra rich, and the political stooges who represent them, is the trillion dollar question.