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Forum Post: OVER 700 trillion in derivatives! (Record financial bubble.)

Posted 3 years ago on Nov. 29, 2011, 5:05 p.m. EST by theaveng (602)
This content is user submitted and not an official statement

I just heard that cheery news on RT.com. The previous derivatives bubble was 680 trillion in June 2008 (just prior to the collapse). Then it dropped to approxiimately 500 trillion, and now the bubble has reinflated.

Any bet on when it will pop?

BTW 700 trillion is equivalent to 700 football fields filled with dollar bills stacked 400 feet high.

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[-] 1 points by FrogWithWings (1367) 3 years ago

thenewamerican.com/economy/markets-mainmenu-45/9536-big-banks-shift-their-derivatives-exposure-onto-us-taxpayers

1.4 quadrillion?

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