Going forward it will be more and more difficult to get your money out of the financial system.
The reason for this concerns the actual structure of the financial system. As we've outlined previously, that structure is as follows:
1) The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.
2) When you include digital money sitting in short-term accounts and long-term accounts then you’re talking about roughly $10 trillion in “money” in the financial system.
3) In contrast, the money in the US stock market (equity shares in publicly traded companies) is over $20 trillion in size.
4) The US bond market (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.
5) Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based “money” that is based on debt) is even larger $58.7 trillion.
6) Unregulated over the counter derivatives traded between the big banks and corporations is north of $220 trillion.
5 comments:
fatboy is allowing comments up about your wife and sex toys.and stating your thrrats mean Nothing and you do nothing.
Just ignore his fat a$$. He's a loser anyway.
only way he can get hits on his blog
Look at the new machinery that is going up on the outside of drive through bank lanes. With all the bank robberies there will be reason to keep people out of the banks and waiting in lines. It all can be explained away.
I'm getting all my money and putting it under my mattress where it is safe first thing Monday.
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