Bank of International Settlements June 09 report

This is a brief explanation of fiat money, the inflation dynamic and the role of debt along with the BIS’s December 2008 report

https://guidoromero.wordpress.com/2009/07/02/inflation-deflation-fiat-money-currencies/

Today we have the BIS’s latest findings along with Zero Hedge’s comment as an added bonus…

http://www.zerohedge.com/article/fitch-financial-companies-hold-997-all-derivative-contracts

Folks! Things are not getting better at all. You laugh; three years from now you’ll be scanning these pages again!

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One Response to “Bank of International Settlements June 09 report”

  1. High Frequency Trading and mark to model rules « Guido’s temple of the absurd Says:

    […] considering the Bank of International Settlements assessment of outstanding derivatives, 14Trillion is a drop in the ocean. Heck! 50Trillion wouldn’t even […]

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