It's all about the derivatives. It's the largest, hidden topic not discussed much. It includes everything...debt, interest, commodities, etc... and isn't just about cash or loans. I like to compare it to fractional banking/stocks, it's a great way to hide what you don't want found...or make it much harder to figure out and understand.
I personally think these numbers are very real, and why fiat is always meant to collapse when it's backed by nothing really. Mind you, this is also a global statistic, and isn't just US based.
It's all about the derivatives. It's the largest, hidden topic not discussed much. It includes everything...debt, interest, commodities, etc... and isn't just about cash or loans. I like to compare it to fractional banking/stocks, it's a great way to hide what you don't want found...or make it much harder to figure out and understand.
https://www.usbanklocations.com/bank-rank/derivatives.html
https://www.lexology.com/library/detail.aspx?g=c29105e3-feaa-4d55-bfe6-78aee89f7983
https://iclg.com/practice-areas/derivatives-laws-and-regulations/usa
I personally think these numbers are very real, and why fiat is always meant to collapse when it's backed by nothing really. Mind you, this is also a global statistic, and isn't just US based.
👌👍🙏🏻
Still nowhere near 2 quadrillion as claimed though.
NYU did a good dig on in a while back, in 2007 the global derivative market were around $575 Trillion.
https://www.math.nyu.edu/~avellane/global_derivatives_market.pdf
These aren't made up numbers, yet they are hard to digest, or even fathom to be real.