Derivatives
See this graphically at
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
List of Banks that hold derivatives (also shown on
this page
here)
http://www.usbanklocations.com/bank-rank/derivatives.html
Look for banks or credit unions that hold zero derivatives. Laws were passed on
Nov 18, 2014 that
enable the banks to take your deposits and say they are shares in their bank
instead ofyour money and use them to pay derivative debt if need be. Think what happened
to Cyprus.
Keeping your money in any bank that holds derivatives is setting yourself up for
loss. They take
your money, give you an IOU stating you now own so many shares in our bank
instead of
money
you can withdraw; and you are stuck.
What are derivatives
Derivatives are the unregulated global casino for banks.
Pick something of value, make bets on the future value of "something", add a
ontract & you have a derivative.
Banks make massive profits on derivatives, and when the bubble
bursts, chances are the tax payer will end
up with the bill.
This visualizes the total coverage for derivatives .
Similar to an insurance company's total
coverage for all cars.
A
derivative is a legal bet (contract) that derives its value from another asset,
such as the future or current value
of oil, government bonds or anything else. A derivative buys you the option (but
not obligation) to buy oil in 6
months for today's price/any agreed price, hoping that oil will cost more in
future. (I'll bet you it'll cost more in 6
months). A derivative can also be used as insurance, betting that a loan will or
won't default before a given date.
So its a big betting system, like a Casino, but instead of betting on cards and
roulette, you bet on future values
and performance of practically anything that holds value. The system is not
regulated what-so-ever, and you can
buy a derivative on an existing derivative.
Most large banks try to prevent smaller investors from gaining access to
the derivative market on the basis of there
being too much risk. The derivatives
market has blown a galactic bubble, just like the real estate bubble or
stock
market bubble (that's going on right now). Since there is literally
no economist in the world that knows exactly how
the derivative money flows or how the system works, while derivatives are traded in
microseconds by computers,
we really don't know what will trigger the
crash, or when it will happen, but considering the global financial crisis
this system is in for tough times, that will be catastrophic
for the world financial system since the 9 largest banks
shown
here hold a total of $228.72 trillion in Derivatives - Approximately 3 times
the entire world economy. No
government in world has money for this bailout.
Bottomline - keep your rmajor funds in credit unions and banks
that don't hold derivatives.
See a list of those banks here and at
http://www.usbanklocations.com/bank-rank/derivatives.html