12 Numbers That Should Be Burned Into Your Brain

The numbers that you are about to see are likely to shock you.  They prove that the global financial Ponzi scheme is far more extensive than most people would ever dare to imagine.  As you will see below, the total amount of debt in the world is now more than three times greater than global GDP.  In other words, you could take every single good and service produced on the entire planet this year, next year and the year after that and it still would not be enough to pay off all the debt.  But even that number pales in comparison to the exposure that big global banks have to derivatives contracts.  It is hard to put into words how reckless they have been.  At the low end of the estimates, the total exposure that global banks have to derivatives contracts is 710 trillion dollars.  That is an amount of money that is almost unimaginable.  And the reality of the matter is that there is really not all that much actual “money” in circulation today.  In fact, as you will read about below, there is only a little bit more than a trillion dollars of U.S. currency that you can actually hold in your hands in existence.  If we all went out and tried to close our bank accounts and investment portfolios all at once, that would create a major league crisis.  The truth is that our financial system is little more than a giant pyramid scheme that is based on debt and paper promises.  It is literally a miracle that it has survived for so long without collapsing already.

When Americans think about the financial crisis that we are facing, the largest number that they usually can think of is the size of the U.S. national debt.  And at over 17 trillion dollars, it truly is massive.  But it is actually the 2nd-smallest number on the list below.  The following are 12 numbers about the global financial Ponzi scheme that should be burned into your brain…

$1,280,000,000,000 – Most people are really surprised when they hear this number.  Right now, there is only 1.28 trillion dollars worth of U.S. currency floating around out there.

$17,555,165,805,212.27 – This is the size of the U.S. national debt.  It has grown by more than 10 trillion dollars over the past ten years.

$32,000,000,000,000 – This is the total amount of money that the global elite have stashed in offshore banks (that we know about).

$48,611,684,000,000 – This is the total exposure that Goldman Sachs has to derivatives contracts.

$59,398,590,000,000 – This is the total amount of debt (government, corporate, consumer, etc.) in the U.S. financial system.  40 years ago, this number was just a little bit above 2 trillion dollars.

$70,088,625,000,000 – This is the total exposure that JPMorgan Chase has to derivatives contracts.

$71,830,000,000,000 – This is the approximate size of the GDP of the entire world.

$75,000,000,000,000 – This is approximately the total exposure that German banking giant Deutsche Bank has to derivatives contracts.

$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.

Most people tend to assume that the “authorities” have fixed whatever caused the financial world to almost end back in 2008, but that is not the case at all.

In fact, the total amount of government debt around the globe has grown by about 40 percent since then, and the “too big to fail banks” have collectively gotten 37 percent larger since then.

Our “authorities” didn’t fix anything.  All they did was reinflate the bubble and kick the can down the road for a little while.

I don’t know how anyone can take an honest look at the numbers and not come to the conclusion that this is completely and totally unsustainable.

How much debt can the global financial system take before it utterly collapses?

How recklessly can the big banks behave before the house of cards that they have constructed implodes underneath them?

For the moment, everything seems fine.  Stock markets around the world have been setting record highs and credit is flowing like wine.

But at some point a day of reckoning is coming, and when it arrives it is going to be the most painful financial crisis the world has ever seen.

If you plan on getting ready before it strikes, now is the time to do so.

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  • Michael

    Gee whiz, all those numbers make my head hurt! All I can say is Jesus, told us not to worry about tomorrow. Walk in His peace.

  • Joe Cabot

    Well, since there is no record of anyone ever having to work themselves out of a wet paper bag, all of your angst, screaming capital letters, fear, and all around misery would seem to be nothing more than another amusing, misguided rant.

  • JohnDille

    GEE WHIZ….. THE VAST VAST VAST MAJORITY OF ALL THIS DEBT AND LIABILITIES ARE OWED BY… AND MOSTLY OWED TO… PRIVATE COMPANIES AND PRIVATE INDIVIDUALS!!! SO WHY ARE REPUBLICANS AND OTHER RIGHT WINGERS ALWAYS BASHING THE GOVERNMENT FOR THE RELATIVELY TRIVIAL AMOUNT OF DEBT THAT IT OWES????? Hmmmm!!!! If the system ever goes bust, the VAST majority of the pain will be caused by and felt by private companies and individuals… UNLESS THE GOVERNMENT IS FORCED TO CLEAN UP THE MESS, as it so often is!!! On the bright side… if this whole big set of MONSTER balloons does pop… which it inevitably MUST… who will get hurt??? Who will lose the most??? THE ANSWER BECOMES CRYSTAL CLEAR WHEN WE REALIZE THAT ONE MAN’S DEBT IS ANOTHER MAN’S ASSET… ONE COMPANIES DEBT IS ANOTHER COMPANIES ASSET… One entity cannot pay its debts… so the person or company that owns that debt now has a worthless or greatly devalued asset.. AND BECAUSE OF THAT LOSS OF REVENUE, THE ASSET OWNER CANNOT PAY WHAT HE OWED, SO YET ANOTHER ASSET OWNER IS IMPOVERISHED, AND CAN NO LONGER COVER HIS LIABILITIES… and on and on and round and round… AND WHEN ALL THE SMOKE AND DUST CLEARS, WHAT WE HAVE ARE MILLIONS OF MILLIONAIRES AND BILLIONAIRES WHO ARE NO LONGER RICH… and who will have to go out and dig ditches for their dinner, because there will be few employers who can hire ANYBODY… because all the employers will be broke… AND NOBODY WILL HAVE ANY MONEY TO SPEND, so the entire economic system will have to reboot and start all over again… just as it has had to do many times in many places around the world… ONLY THIS TIME, THE WHOLE WORLD WILL LIKELY HAVE BEEN AFFECTED! The social and political ramifications of all THAT ought to be fun to observe… but a total nightmare to have to live through. BUT, AFTER SUCH A DISASTER, MOST OF THE SURVIVORS WILL BE TOTALLY DEBT FREE… AND THOSE WHO WISH TO BE RICH WILL HAVE TO FIND SOME OTHER WAY TO RIP OFF ALL THE REST OF US!!! And those who USED to be rich may finally begin to understand why Liberals and other real human beings regard them as a bunch of selfish, self centered leeches and parasites… Republicans, in a word!!! Reduced to poverty, they will discover that they have NO true skills or abilities, and most could not work their way out of a wet paper bag!!!