Originally published at: BANKING ON THE (OBFUSCATED) NUMBERS...
Recently I did a News and Views about the derivatives sloshing around in the financial system, and about Ellen Brown’s thesis that - at it’s deepest darkest inner-most heart - the SillyCON Valley Bank failure was about derivatives. I have to call it “SillyCON” in view of all the stories and theories circulating out there about…
8 Likes
At least she doesn’t have a JD and can’t pass the bar exam.
2 Likes
Somebody is catching up with JPF thesis on derivatives.
.Deutsche Bank (DB) has outstanding derivatives of €37 trillion against total equity of €62 billion. Thus the derivatives position is 600X the equity. pic.twitter.com/Uh90SsQvdB
— Fomocap (@fomocapdao) March 5, 2023