FPSA banks have 247 trillion dollars of exposure to derivatives!
Financial Armageddon approaches.
NEW YORK (PNN) - December 29, 2015 - Did you know that there are 5 “too big to fail” banks in the Fascist Police States of Amerika that each have exposure to derivatives contracts in excess of 30 trillion dollars? Overall, the biggest FPSA banks collectively have more than 247 trillion dollars of exposure to derivatives contracts. That is an amount of money that is more than 13 times the size of the FPSA national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment.