Cassandrate

Sempre a proposito di
finanza casinò, è
interessante entrare nel merito del libro
" THE BEGINNING OF THE END".

E' raccomandato a
coloro che vivono
l'economia nell'ottica
di Cassandra (opinabile o meno).

Siccome i numeri sono numeri, riporto un po' di cifre citate dall'autore:
$70,000,000,000,000 - The approximate size of total world GDP.

$190,000,000,000,000 - The approximate size of the total amount of debt in the entire world.  It has nearly doubled in size over the past decade.

$212,525,587,000,000 - According to the U.S. government, this is the notional value of the derivatives that are being held by the top 25 banks in the United States.  But those banks only have total assets of about 8.9 trillion dollars combined.  In other words, the exposure of our largest banks to derivatives outweighs their total assets by a ratio of about 24 to 1.

$600,000,000,000,000 to $1,500,000,000,000,000 - The estimates of the total notional value of all global derivatives generally fall within this range.  At the high end of the range, the ratio of derivatives to global GDP is more than 21 to 1.

The financial meltdown that happened back in 2008 should have been a wake up call for the nations of the world.  

They should have corrected the mistakes that happened so that nothing like that would ever happen again.  

Unfortunately, nothing was fixed.  Instead, our politicians and the central bankers became obsessed with reinflating the system.  

They piled up even more debt, recklessly printed tons of money and kicked the can down the road for a few years.  

In the process, they made our long-term problems even worse.