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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The 99 Strongest Banks in America

The 99 Strongest Banks in America

Wolfe, John Truman

Paperback

AccountingGeneral Reference

ISBN10: 138742372X
ISBN13: 9781387423729
Publisher: Lulu Pr
Published: Dec 6 2017
Pages: 74
Weight: 0.27
Height: 0.18 Width: 6.00 Depth: 9.00
Language: English
Banking-in the U.S. and globally-has devolved into a colossal Vegas-like casino and bankers have become the ultimate whale gamblers. The global banking system today has an estimated $1.2 quadrillion dollars in a kind of monetary heroin called derivatives.* The figure is mind-numbing, but just to give you a sense of the size of this madness, here it is with the appropriate number of zeroes (15): $1,200,000,000,000,000. Or, it may be more entertaining if you think of it this way: If you had a job that paid you $1,000 per second, it would take more than 31 years for you to earn $1 trillion. A quadrillion is 1,000 trillion. It's a big number. And I repeat, there are now $1.2 quadrillion dollars in derivatives held by financial institutions in the U.S. and abroad.

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