The 99 Strongest Banks in America

The 99 Strongest Banks in America

  • John Truman Wolfe
Publisher:Lulu.comISBN 13: 9781387423729ISBN 10: 138742372X

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The 99 Strongest Banks in America is written by John Truman Wolfe and published by Lulu.com. It's available with International Standard Book Number or ISBN identification 138742372X (ISBN 10) and 9781387423729 (ISBN 13).

Banking-in the U.S. and globally-has devolved into a colossal Vegas-like casino and bankers have become the ultimate "whale" gamblers. The global banking system today has an estimated $1.2 quadrillion dollars in a kind of monetary heroin called derivatives.* The figure is mind-numbing, but just to give you a sense of the size of this madness, here it is with the appropriate number of zeroes (15): $1,200,000,000,000,000. Or, it may be more entertaining if you think of it this way: If you had a job that paid you $1,000 per second, it would take more than 31 years for you to earn $1 trillion. A quadrillion is 1,000 trillion. It's a big number. And I repeat, there are now $1.2 quadrillion dollars in derivatives held by financial institutions in the U.S. and abroad.