Enrique Suarez Presenting:
Global Derivatives: $1.5 Quadrillion Time Bomb
Source:
Stephen Lendman
Global Research, July 26, 2015
When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.
Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyon