$592 Trillion Phantom Economy Blows as Latest Demon Derivative Unwinds [see prior post from Sovereign Wealth Society Editor Bob [ex-Congressman]...
economist.com Nov29,2008 p.95 [paper edition] 'derivative watch - $9 trillion of CDS have run through the market knocking the Dow from 14,000 to 8,000 in one short year. with $580 Trillion outstanding and 15% growth of new CDS's being written on Treasury Bills [insurance policies written for the safest known entity for investors on the planet - 'unprecedented'].....
The worst demon derivative to date is about to whip down Wall Street…leveling what little is left!
- Over 700 banks (with trillions of dollars in assets) will come crashing to the ground.
- Hundreds of hedge funds will collapse.
- Corporate bankruptcies will soar.
- And another $20 trillion will be wiped off global stock markets.
- But this one bombed out investment will soar two to ten fold as the world comes undone.
- Find out the entire story from the investment group who eerily predicted the current crisis “to a T!”…
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