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Goldcorp Inc. Message Board

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  • nighttrader09 nighttrader09 Apr 8, 2009 3:12 AM Flag

    IMF: Financial Toxic Debt could reach to 4 trillion

    Not 4 trillion, not even 40 trillion, but 1500 trillion. That's the amount of derivatives in the market.

    Imagine, you have a $1000 debt problem, and given an advance of a few dollars to somehow resolve it.

    Is this really practically possible? Only if they can continue to pull wools over ours eyes and that we choose to be blind.

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    • Re: "Not 4 trillion, not even 40 trillion, but 1500 trillion. That's the amount of derivatives in the market."

      Tha't big. Where is this documented? Thanks.

      • 1 Reply to mrmx28
      • I think at lot of that 1500 trillion will get netted out, and all of it is notional value. But your general inference is valid. Let's say the danger area is ONLY 40 trillion in defaults, lol. That's almost the size of the entire world's economy, which I believe is around 50 trillion.

        To make matters worse, the world's economy continues to contract. Eventually this fiat based system is gonna bust apart, in either an uncontrolled spasm, or as part of a controlled bankruptcy. Let's hope it is the latter. IMHO, pipe

 
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