[Chgogal]

When they implode, the entire world economy will go with them. And know this, the Big Banks are not going to pay these bills- you are.

With what? They already have all our money.

I am scared to death of the trillions in naked derivatives.

[alexander_busek]

With what? They already have all our money.

Yes, but at least - at present - you have a little bank book (or IRA, etc.) with a positive balance in it.

After the govt.-mandated "bail-in," you will have a balance of zero.

Regards,

[SkyPilot]

With what? They already have all our money.

When Congress passed the 2015 "Cromulus" bill, stuffed within was an almost criminal provision that taxpayers must back all banks risky derivatives gambles. The banks paid off Boehener and other Congressmen to change a provision in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act so they could once again use deposits to underwrite risky derivative trades.

Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For

This, on top of an incredibly inflated stock market, makes me very nervous.

I know a couple of financial advisers. They are good guys, but are complete robots who spout the party line when it comes to these hard questions. If I ask them about the triple risk of the inflated market, the derivative time bomb, or the looming pension crisis, they both try to laugh it off and say, "That will never happen." If I persist, then the attacks come out: I am a "conspiracy theorist" or worse.

I don't know when or how this will all end, but most people seem completely taken over by normalcy bias.