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Investments > Investing Science > bank bail outs ...
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bank bail outs can not work

by orangatang1@[EMAIL PROTECTED] Apr 24, 2008 at 04:13 AM

According to the bank for international settlements banks owe more
than 516 trillion us dollars in  over the counter derivatives alone.
Thus, to bail the banks out central banks need to find 516 trillion
dollars.

http://www.bis.org/statistics/derstats.htm

The CIA puts world gdp at 66 trillion.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001ra=
nk.html

Thus, to save the banks we need to either take everthing that everyone
in the world produces for the next 9 years and give it to the banks or
print money in vast quantites, causing hyperinflation and starvation.

IMHO letting the banks fail is a better solution. However, it is
tradiational for anyone in any postion of power to be a puppet of the
banks. For example, Eddie George, ex gov of the bank of england,
Oliver Letwin, UK shadow chancellor,  Georges Pompidou, ex french
president and Gerhard Schr=F6der ex german chancellor are all in the
employ of the rothschildes.

http://en.wikipedia.org/wiki/N_M_Rothschild_%26_Sons#Politics_and_public_ser=
vice

not to mention blair working for jp morgan.

based on this level of corruption i suggest that we shall see
hyperinflation instead of a single bank failure.




 1 Posts in Topic:
bank bail outs can not work
orangatang1@[EMAIL PROTEC  2008-04-24 04:13:21 

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tan12V112 Sat May 17 22:34:21 CDT 2008.