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The 99 Strongest Banks in America

af John Truman Wolfe
The 99 Strongest Banks in America af John Truman Wolfe
Bag om The 99 Strongest Banks in America

Banking-in the U.S. and globally-has devolved into a colossal Vegas-like casino and bankers have become the ultimate "whale" gamblers. The global banking system today has an estimated $1.2 quadrillion dollars in a kind of monetary heroin called derivatives.* The figure is mind-numbing, but just to give you a sense of the size of this madness, here it is with the appropriate number of zeroes (15): $1,200,000,000,000,000. Or, it may be more entertaining if you think of it this way: If you had a job that paid you $1,000 per second, it would take more than 31 years for you to earn $1 trillion. A quadrillion is 1,000 trillion. It's a big number. And I repeat, there are now $1.2 quadrillion dollars in derivatives held by financial institutions in the U.S. and abroad.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9781387423729
  • Indbinding:
  • Paperback
  • Sideantal:
  • 74
  • Udgivet:
  • 6. december 2017
  • Størrelse:
  • 152x4x229 mm.
  • Vægt:
  • 122 g.
  • 2-3 uger.
  • 19. december 2024
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Beskrivelse af The 99 Strongest Banks in America

Banking-in the U.S. and globally-has devolved into a colossal Vegas-like casino and bankers have become the ultimate "whale" gamblers.
The global banking system today has an estimated $1.2 quadrillion dollars in a kind of monetary heroin called derivatives.*
The figure is mind-numbing, but just to give you a sense of the size of this madness, here it is with the appropriate number of zeroes (15): $1,200,000,000,000,000.
Or, it may be more entertaining if you think of it this way: If you had a job that paid you $1,000 per second, it would take more than 31 years for you to earn $1 trillion.
A quadrillion is 1,000 trillion.
It's a big number. And I repeat, there are now $1.2 quadrillion dollars in derivatives held by financial institutions in the U.S. and abroad.

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