–$100,000,000,000,000 – This is the total amount of government debt in the entire world. This amount has grown by $30 trillion just since mid-2007.
–$223,300,000,000,000 – This is the approximate size of the total amount of debt in the entire world.
–$236,637,271,000,000 – According to the U.S. government, this is the total exposure that the top 25 banks in the United States have to derivatives contracts. But those banks only have total assets of about 9.4 trillion dollars combined. In other words, the exposure of our largest banks to derivatives outweighs their total assets by a ratio of about 25 to 1.
–$710,000,000,000,000 to $1,500,000,000,000,000 – The estimates of the total notional value of all global derivatives contracts generally fall within this range. At the high end of the range, the ratio of derivatives exposure to global GDP is about 21 to 1.
After reading these numbers, read them again.
Take a moment to let reality sink in.
Since going off the gold standard, Western governments have entered into a Ponzi scheme-based economy.
The only savior for your finances will be precious metals.
Take a moment to consider that all the gold in the world is only worth $6,647,314,169,784.
A drop in the bucket compared to the numbers listed above.
If you read these numbers and believe that the government has a magical solution, then you live in a fantasy world.
These numbers point to one conclusion only.
An inevitable, eventual collapse.
This article is brought to your courtesy of The Silver Bug.
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