“Too Big To Fail” became “Too Crooked To Save”

‘Too big to fail’ became ‘too crooked to save’

“The problem that goes unremarked, because nobody wants to talk about it, is the amount of debt in the world. Egon von Greyerz has referred to it on several occasions, and it must be roughly $200 trillion.
This is in a world economy that would be about $70 trillion per year.
When you superimpose on that another at least $1 quadrillion of derivatives, many of which are seriously mispriced and are just riddling the banking system,
there are no solutions to this.”

Read Full Report Here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/25_Cyprus%2C_Massive_Global_Debt%2C_Derivatives_%26_The_End_Game.html

About RonMamita

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

‹ Word For Today: HACKER

BANKING: High Finance and Investment ›

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Posted in Freedom-Expressed