thestatedtruth.com | July 19, 2011
Unlike back in the day when everything was East vs. West….the Soviets and China vs NATO and the United States, we are now interconnected to everywhere and everything. There used to be an old saying, “One man’s pain is another man’s gain”, but now one man’s pain very well may end up being pain for all men (and […]
thestatedtruth.com | February 26, 2011
Understanding Derivatives – Class Name and Description: Greedy Financial Morons 101, How To Destroy The Financial World…… Heidi is the proprietor of a BBQ Bar in Mt. Airy Maryland . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, […]
thestatedtruth.com | February 9, 2011
According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION. Yep, that’s T as in Trillions! Five banks account for 95% of this. Can you guess […]
thestatedtruth.com | November 25, 2010
The answer is NO!…..Over the counter (OTC) derivatives are larger now then in 2008. Logic says that a currency or interest rate surprise could do the derivative trick next time around. These markets are huge and could sink a battle ship because of the sheer size of the markets they’re involvd in. We may limp through 2011, and hopefully so, […]
thestatedtruth.com | November 13, 2010
This is peanuts compared to what the OTC derivative credit default swaps are going to cost. According to the National Conference of State Legislatures, U.S. cities saw their general fund revenue fall the most since at least 1986 in the budget year that ended June 30, according to the National League of Cities.   States now face […]
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