Canada flagged as hidden $14 trillion credit bubble stokes global crisis fears
The problem is that we paid off those who failed and didn’t jail the criminally negligent the first time around. With out consequences, there are no lessons learned.
Canada flagged as hidden $14 trillion credit bubble stokes global crisis fears
The problem is that we paid off those who failed and didn’t jail the criminally negligent the first time around. With out consequences, there are no lessons learned.
Not listed anywhere on the balance sheets as “looted from taxpayers”?
That is strange.
We need to ask the 40,000 (2016) Syrian “Refugee’s”, Omar Khadr and 100 gassed Syrian’s where our tax dollars went, apparently only they can provide a Politically Correct answer.
http://globalnews.ca/video/3359092/trudeau-says-government-says-canada-to-give-syria-840m-following-deadly-attack
..and everybody thought that only DB has skeletons in the closet.
hey, sock boy! good job on attacking Boeing. Watch out how Mericans will take down your banks on the flank!
“Buy gold, and go to sleep for ten years”
Kyle Bass
$14 trillion may be at risk but – with derivatives, every dollar lost means a dollar gained for someone else meaning the total system has zero exposure. Note that the primary purpose of derivatives is to lessen risk and in virtually all cases successfully does so.
Even worse, the honest account holders had to assume a portion of the toxic assets and pay these down through the past several years.
Aw geeze, I wonder if I should sell my bank stock now. If I do, I stand to make a nice capital gain that is protected inside a TFSA. Then buy back in on the low.
sooooo the globull economy is in fact an enormous ponzi scheme . . . . .
Ive been saying that for oh, 2017-2008= nine years !!!!
Not so fast scar. on paper it all cancels out. In reality, when counterparties go broke, everybody loses! And that is why derivatives are weapons of mass destruction.
Derivatives are unregulated so the parties may not even be identified when the SHTF. You can sue a bankrupt and get judgement but collecting is impossible, unless you know how to get blood out of a stone.
derivatives should put no one under because they are fake. It is like going to Vegas and betting on who might win on the slots that day. there is nothing backing them, you take a bet on whether a stock is going up or down and you don’t own any stock, it is a bet. Now that is the easiest way that I can explain a derivative. only a fool, or gambler would buy em. If a country bought them, then what a bunch of fing morons, gambling with taxpayers money. By the way, derivatives don’t have to be paid. to quote a famous first Lady, just say no.