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PreparationInBubbaNation
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Discussion Starter #1
Doom, doom I say, or at least inconvenience and more Gubbermint bungling
http://www.marketwatch.com/news/sto...x?guid={B9E54A5D-4796-4D0D-AC9E-D9124B59D436}
"Data on the five-fold growth of derivatives to $516 trillion in five years comes from the most recent survey by the Bank of International Settlements, the world's clearinghouse for central banks in Basel, Switzerland. The BIS is like the cashier's window at a racetrack or casino, where you'd place a bet or cash in chips, except on a massive scale: BIS is where the U.S. settles trade imbalances with Saudi Arabia for all that oil we guzzle and gives China IOUs for the tainted drugs and lead-based toys we buy.
To grasp how significant this five-fold bubble increase is, let's put that $516 trillion in the context of some other domestic and international monetary data:
U.S. annual gross domestic product is about $15 trillion
U.S. money supply is also about $15 trillion
Current proposed U.S. federal budget is $3 trillion
U.S. government's maximum legal debt is $9 trillion
U.S. mutual fund companies manage about $12 trillion
Holy $heet Fatman, she's about to blow! :xeye:

In another related story; Silver a store of value for the big Kablooey devalue
http://www.telegraph.co.uk/finance/...gold/5120307/Gold-Is-silver-the-new-gold.html

dear Moderate raters, these are accomplished fact, and not speculation, so I didn't post them in the alt section of the forum. They should be reflected in people's preps. :D:
 
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