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$750 Trillion Of Credit Derivatives In Existance

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Thats compares with $45TN global GDP

Thats one trrillllion ounces of gold.

Thats 31 103 476.8 metric tonnes of gold according to google.

Thats 2 trillion xbox 360s

Thats 1 875 000 000 average British houses

Thats 34090x the amount Northern rock held in deposits

its 1641x the cost of the Iraq war

And its all built on top of only $9 trillion in contract market value (generational dynamics)

source google: Ron Insana on CNBC $750 trillion

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Thats compares with $45TN global GDP

Thats one trrillllion ounces of gold.

Thats 31 103 476.8 metric tonnes of gold according to google.

Thats 2 trillion xbox 360s

Thats 1 875 000 000 average British houses

Thats 34090x the amount Northern rock held in deposits

its 1641x the cost of the Iraq war

And its all built on top of only $9 trillion in contract market value (generational dynamics)

source google: Ron Insana on CNBC $750 trillion

what's the significance of that? and how will it help affordable housing?

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Thats compares with $45TN global GDP

Thats one trrillllion ounces of gold.

Thats 31 103 476.8 metric tonnes of gold according to google.

Thats 2 trillion xbox 360s

Thats 1 875 000 000 average British houses

Thats 34090x the amount Northern rock held in deposits

its 1641x the cost of the Iraq war

And its all built on top of only $9 trillion in contract market value (generational dynamics)

source google: Ron Insana on CNBC $750 trillion

You are cgnao and I claim my free signed photo of a nuclear explosion. :)

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what's the significance of that? and how will it help affordable housing?

Its called leverage- This money has been created on the back of many duff CDOs- thats why there is a credit crisis- the losses could be unimaginable

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That's what Jim Sinclair warns off all the time: the huuuuge mountain of derivatives is shaking and the nominal amounts become real ones. The only solution is liquidity to the max, see gold and silver go to the moon.

Thats 31 103 476.8 metric tonnes of gold according to google.

Only around 150 000 tonnes have ever been mined. It shows how grossly undervalued gold is at the moment.

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Guest Shedfish
That's what Jim Sinclair warns off all the time: the huuuuge mountain of derivatives is shaking and the nominal amounts become real ones. The only solution is liquidity to the max, see gold and silver go to the moon.

Only around 150 000 tonnes have ever been mined. It shows how grossly undervalued gold is at the moment.

if they monetised that lot, we'd be able to stand on the piles of cash and place the gold and silver on the moon by hand.

we are heading towards deflation.

50% certain. no guarantees

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Only around 150 000 tonnes have ever been mined. It shows how grossly undervalued gold is at the moment.

Really? How so?

Must an ounce of gold exist for every unit of capacity added to the economy? Or would that be stupid?

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Really? How so?

Must an ounce of gold exist for every unit of capacity added to the economy? Or would that be stupid?

Don't spoil it, I was enjoying that. B)

I am going to pile into gold I think. If only because probably enough people will believe the above.

Then I will get out too late and be left with less than I started with.

:(

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The number on its own doesn't say anything at all.

Without understanding derivatives, you all go "ooh what a big number, we're all doomed". Quite stupid, really.

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if they monetised that lot, we'd be able to stand on the piles of cash and place the gold and silver on the moon by hand.

2wmkw03.jpg

job done

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Goldfinger: You and cgnao may be right. Harold (Goldfinger) Dobson reckons gold go up to $1500 an ounce in the five years (even $3000).

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Guest DissipatedYouthIsValuable
That's what Jim Sinclair warns off all the time: the huuuuge mountain of derivatives is shaking and the nominal amounts become real ones. The only solution is liquidity to the max, see gold and silver go to the moon.

Only around 150 000 tonnes have ever been mined. It shows how grossly undervalued gold is at the moment.

Goldy. I want you to have ALL the gold, just to see that beaming little face of yours.

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Really? How so?

Must an ounce of gold exist for every unit of capacity added to the economy? Or would that be stupid?

The point simply is if the USD was still gold-backed, the total amount of USD in the world would only be a very small fraction of the amount that finally possibly comes due from these options. In other words: no way to pay it. Total collapse.

EDITed to add:

Goldfinger: You and cgnao may be right. Harold (Goldfinger) Dobson reckons gold go up to $1500 an ounce in the five years (even $3000).

Many people think this. But it is still a minority. Although even the big bullion banks start talking of gold at $1,000, so they seem to expect it themselves.

Edited by Goldfinger

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Yeah its rediculous.

Shows what a mess the financial institutions are in.

Gold is wealth that is not a financial institutions liability, if you have it in your greasy palm no institutions bankrupsy will make it disappear.

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