| When I managed national real estate and | | | | in U.S. dollars: |
| construction for the then 'Tiffany' of investment | | | | 1. The U.S. GDP is $14 trillion. |
| firms I learned from the CEO that should the | | | | 2. The Global GDP is $45 trillion. |
| 1932 Glass Steagall Banking Act ever be | | | | 3.Global real estate value is $65 trillion. |
| rescinded-it was certain that speculators would | | | | 4. Global stock and bond markets are $74 trillion. |
| game the system and cause another Great | | | | 5. Global derivatives exceed all combined global |
| Depression. | | | | wealth by 31 times. |
| Wanting to know more I became licensed on all | | | | 6. The global population is 6.8 billion people. The |
| exchanges-and started paying close attention | | | | derivatives market is equal to $206,000 USD per |
| when derivatives were de-regulated in 1992. Gold | | | | every person on the planet. |
| at the time was $300. Today it's over $1,000 | | | | 'When I Ruled the World': |
| with China, Russia, France and the UN calling for | | | | The public is right to be angry at the US Big |
| the USD to be removed as the reserve currency, | | | | Banks that caused the meltdown: Citi, BofA, JP |
| a status that has long shored up our economy. | | | | Morgan, Chase, Wells Fargo--and both sides of |
| In 2003, Warren Buffet termed derivatives | | | | Congress that are in their pockets. The banks are |
| 'financial weapons of mass destruction created by | | | | still using customer deposits protected by FDIC |
| mad men'. At that time their 'value' stood at $9 | | | | insurance to speculate in derivatives, instead of |
| trillion. Today, that number has reached $1.4 | | | | lending to small business. They've not paid back |
| quadrillion and continues to expand geometrically. | | | | taxpayer bailouts, and have rewarded themselves |
| Can you picture even $3 trillion? In stacked-up | | | | with billions in bonuses while raising customer fees. |
| dollar bills it would reach from Earth to the Moon | | | | It's up to the people to stop feeding the monster |
| 238K miles away. If you'd spent a million dollars | | | | banks. Check out the 'Move Your Money' online |
| each day for 2,000 years ago--even that would | | | | movement. Find out how to determine which local |
| 'only' amount to three-quarters of a trillion dollars! | | | | banks and credit unions are well managed, and |
| A quadrillion is a thousand trillion. A trillion is a | | | | stop supporting the big banks that are |
| thousand billion. A billion is a thousand million. The | | | | endangering us all, and are turning America into |
| relative scale of the world's financial engines in | | | | the Coldplay lyric 'When I Ruled the World. |
| relation to those $1.4 quadrillion derivatives follows | | | | |