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Worldwide Derivatives Ready to IMPLODE!

Thursday, January 8, 2015 10:51
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(Before It's News)

explosion

Globally there are over $9 trillion worth of borrowed US Dollars in the financial system. There are over $22 TRILLION worth of derivatives trades involving commodities.
 
ALL of these were at risk of blowing up if the US Dollar rallied.

Unfortunately, starting in mid-2014, it did in a big way.

 
 
 

 
US DOLLAR INDEX
 
Picture

 
This move in the US Dollar imploded those derivatives trades. If you want an explanation for why commodities are crashing (aside from the fact the global economy is slowing) this is it.

Here is a chart of the inverted US Dollar (meaning when the Dollar rallies, the black line falls) and commodities (the blue line). Note that the commodity collapse tracked the US Dollar rally almost tick-for-tick.
 

Picture

 
This is just the start of a worldwide implosion. Globally there are over $555 TRILLION in derivatives trades based on interest rates. What’s happening in commodities now is literally just the tip of the iceberg.”

$234 Trillion of these derivatives are held by 4 major banks in the US. 

Earlier this month, it was revealed that the banks now have the power to confiscate depositors’ money in times of financial crisis. And not just money that’s over the FDIC limit, but everything you have in the bank, as the FDIC is woefully underfunded to cover depositors’ losses of any amount.
 

The 4 Banks with the Biggest Derivatives Exposure
 

bank america citibank aig

These are the most dangerous banks that will be the first to fall, and the first to claim their depositors’ money:

  1. JP Morgan Chase Bank
  2. Citibank National
  3. Goldman Sachs Bank USA
  4. Bank of America

 

 

Find Out Which Bank is the Most Vulnerable, Holding $70 Trillion in Derivatives

Read the rest of the story at GramsGold.com

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Total 4 comments
  • Let it rip.

  • And twenty percent of these derivatives are based on fracking for all, what could possibly go wrong? I suppose if the price of oil plummeted, that could be bad for derivatives.

  • So can start converting your cash into bitcoin.

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