Do you want to know the real reason banks aren’t lending and the PIIGS have control of the barnyard in Europe?
It’s because risk in the $600 trillion derivatives market isn’t evening out. To the contrary, it’s growing increasingly concentrated among a select few banks, especially here in the United States.
In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller.
Bailouts in 2008 had to do with MBS (mortgage backed securities)…CDS (collateral default swaps) = derivatives = insurance on mortgages = paper = deck of cards
2008 was a foreshadowing
World GDP 1st 1/2 2011 $65 trillion (estimated)
Here is a link for those who don’t understand derivatives
COLLAPSE HAS BEGUN ARE YOU PEOPLE STILL HOPING THINGS WILL GET BETTER? Haha.. hahaha… If you do then you will be the only one to blame for your woes.. GET OUT OF THESE DERIVATIVES AND BUY THINGS NECESSARY TO SURVIVE IN THE DAYS AHEAD. FOR THOSE THAT WISH TO SAVE THEIR SOULS ACCEPT JESUS AS LORD AND SAVIOR AND HAVE ETERNAL LIFE THROUGH HIM.