Pericles the BRICS capital is more like $500 billion. Our banks have derivative exposure of $22 trillion and their money printing does not equal productivity. China has the productive capacity and Russia has the technology and energy. Germany joining the BRICS will end the EU and the power of the US Federal Reserve. This is why they want war with Russia/China.

The US people are fine, it is the banking parasites who are destroying their economy and ours,that I take exception to. Your invective and ad hominem says it all in regards to your credibility. You think it is just fine for the Wall St criminals to steal from the people via money printing and derivative scams.

Shockadelic gold only has value because of its rarity and women like wearing it. Gold has uses in electronics but silver has 10,000 uses in industry and is far cheaper. Our fiat currency is now coming to an end because of the greed of our central bankers.

Precious metals are rare,a medium of exchange, store of wealth and portable. Max Keiser now has a cyber currency called Maxcoin backed by silver. He knows the BITCOIN bubble can collapse again unless something of value backs it.BITCOIN does not grow fast enough to equal growth. Thus this coupled with speculation sees its value sky rocket.

Fiat currency can work if responsible people control the supply. This means having a formula that limits banks and Govt from creating too much. Inflation is a form of taxation since it depreciates our spending power and savings.

Many are now saying the derivative bubble is $2000 trillion. This is 28 times the GDP of the planet. Total of precious metals is about $15 trillion. Many of our assets like housing are way over valued. When the collapse happens,where does all this money go? It is called hyper-inflation.3 things will become very expensive. Food, energy and precious metals.

Still driving the fact-free highway I see, Arjay.

>>Your invective and ad hominem says it all in regards to your credibility.<<

Pointing out your inaccuracies is hardly either of these, I think. No matter, back to the facts.

>>Pericles the BRICS capital is more like $500 billion<<

I have no idea what you believe constitutes "the BRICS capital", but it is a matter of record that the five nations involved with the NDB have only stumped up $10 billion each at this point, and have agreed to another $10 billion some time in the future. Probably when they have decided where they will start investing the dough, because as you know, they haven't lent a red cent yet.

NDB is an investment bank that intends to make loans to infrastructure projects without the onerous IMF-style conditions. Mind you, we have yet to see exactly what conditions they will impose - I doubt if they will be in the business of gifts, after all. But one thing is for sure, there is no BRICS currency, nothing they are doing is backed by gold, and it has sod-all to do with warmongering. As I pointed out, there is $600bn of bilateral trade involved, between China and the US alone.

Here's today's biggest Arjay dream-bubble though, it's a doozy:

>>Many are now saying the derivative bubble is $2000 trillion.<<

Since you have made it abundantly clear in the past that you haven't the faintest clue how derivatives work, you can pick any number you like and it will still be utterly meaningless.

Like this one.

Tell us oh mighty Pericles how your derivative scams work. Even those who work in the scams do not fully understand them because they are designed to this way like tax law.

If they a form of insurance how can they be worth many times the real assets ? It's a big bubble ready to collapse and that's why a Glass Steagall Act is crucial to our survival. More lies and deception from your ilk.

I'll try, Arjay. Although history tells me that it will be a waste of time.

>>Tell us oh mighty Pericles how your derivative scams work. Even those who work in the scams do not fully understand them because they are designed to this way like tax law.<<

Try this:

http://www.napf.co.uk/PolicyandResearch/DocumentLibrary/0356-Derivatives-and-Risk-Management-Made-Simple.aspx

Although the NAPF wants to charge money for this, you can get a free copy online by going to www.jpmorgan.com and typing NAPF into the "Search JP Morgan" box at the top of the page. Here you will find out all you need to know.

Especially Section 4. Market Risk Methodologies, where the concept of "netting" is discussed.

"The global exposure is the absolute value of the notional exposure of each individual derivative after applying any hedging and netting benefits of longs and shorts. It is a metric reflecting the net leverage and provides a better understanding of the net derivative exposure arising from derivatives in the portfolio compared to the gross notional exposure metric"

In layman's terms, this means that you can ignore the "gross" position, and simply keep an eye on the position after you have balanced out the long and the short positions.

Which is, in a nutshell, why you don't have to keep awake at night worrying about your figure of "$2000 trillion" [giggle] in the global derivative market. That's like saying I have a mortgage of $500k on my house, and my house is worth $550k, so my exposure is $1.05 million. When quite obviously you are $50k ahead of the game, not a million plus in hock.

Let me know when you have digested that simple concept, and I will be happy to respond to any further questions you may have.

In other words it is gambling. They bet against their own stocks so if they go down they win on the derivatives.The whole market is zero sum gain. Everyone is betting for and against losses/gains.It is an appendage parasite of the real market and when it goes will take us all down. Your definition of derivatives is a BS of generalisations which define nothing specific.That's the way they like it.

The banking derivatives have priority over depositors ie unsecured lenders and share holders. My bank calls it a form of insurance. How can an insurance policy have a greater notional value than your assets? The derivative losses must be honoured first. This is why they want to bring in "bail in " to cover their expected derivative losses. Since all the QE ie money printing, the derivative market has doubled. Only those scamming the system thinks it's OK.