Debt, how much of a threat to ordinary people is it? The truth might frighten you which is why bank bosses, government leaders and media pundits are not eager to tell the truth. What can we do? Not much in the short term, in the long term, reclaim the sovereignty of our nations and our individual sovereignty and tell the world view thinkers their crazy ideas have maxed out their credit.
Few people know what the financial markets mean by OTC trades. Over The Counter seems self explanatory but trading debt derivatives, how can those be sold over the counter? Well over the counter in this case really mean under the counter. The trades are made outside the regulated markets of recognised financial centres and therefore do not show up in the dealers books.
Nobody really knows how big the market is and therefore how exposed our leading banks are.
nobody knows how fucked we really are.
But this article might answer a few questions
Corporate Banker's $1.5 Quadrillion Conspiracy: EU Accuses 13 Banks Of Operating A Derivative Trading Cartel
Secret ECB Docs Warn Of More Financial Mayhem on the Horizon
A recent agreement between the European Central Bank (ECB) and the central banks of the Eurozone member nations raises the prospect of EU taxpayers being forced to pay for more bailouts, German newspaper Die Welt reports.
Naked finance and the debt crisis
How banks rig the markets
How banks create money out of nothing
Why printing money was bound to fail
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