A $1.4 Quadrillion Bubble

According to DK Matai, the Chairman of Asymmetric Threats Contingency Alliance (ATCA), the global size of the derivatives bubble is more than $1000 trillion ie $1 quadrillion. Relying on figures from the Bank for International Settlements in Basel, Switzerland, he says listed credit derivatives stands at $542 trillion and Over-The-Counter (OTC) derivatives stands at $863 trillion. Total? $1405 trillion ie $1.405 Quadrillion.

The GDP of the entire world is $45 trillion.
$1405 trillion is 31 times world GDP.

Are you in shock yet?

  1. No trackbacks yet.

You must be logged in to post a comment.
%d bloggers like this: