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The 99 Strongest Banks in America

About The 99 Strongest Banks in America

Banking-in the U.S. and globally-has devolved into a colossal Vegas-like casino and bankers have become the ultimate "whale" gamblers. The global banking system today has an estimated $1.2 quadrillion dollars in a kind of monetary heroin called derivatives.* The figure is mind-numbing, but just to give you a sense of the size of this madness, here it is with the appropriate number of zeroes (15): $1,200,000,000,000,000. Or, it may be more entertaining if you think of it this way: If you had a job that paid you $1,000 per second, it would take more than 31 years for you to earn $1 trillion. A quadrillion is 1,000 trillion. It's a big number. And I repeat, there are now $1.2 quadrillion dollars in derivatives held by financial institutions in the U.S. and abroad.

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  • Language:
  • English
  • ISBN:
  • 9781387423729
  • Binding:
  • Paperback
  • Pages:
  • 74
  • Published:
  • December 5, 2017
  • Dimensions:
  • 152x4x229 mm.
  • Weight:
  • 122 g.
Delivery: 1-2 weeks
Expected delivery: November 20, 2024

Description of The 99 Strongest Banks in America

Banking-in the U.S. and globally-has devolved into a colossal Vegas-like casino and bankers have become the ultimate "whale" gamblers.

The global banking system today has an estimated $1.2 quadrillion dollars in a kind of monetary heroin called derivatives.*

The figure is mind-numbing, but just to give you a sense of the size of this madness, here it is with the appropriate number of zeroes (15): $1,200,000,000,000,000.

Or, it may be more entertaining if you think of it this way: If you had a job that paid you $1,000 per second, it would take more than 31 years for you to earn $1 trillion.

A quadrillion is 1,000 trillion.

It's a big number. And I repeat, there are now $1.2 quadrillion dollars in derivatives held by financial institutions in the U.S. and abroad.

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