Dr. Iris Mack’s latest column in the International Business Times (UK edition)

In the figure below, Dr. Iris Mack updated and adapted Exter’s Pyramid to illustrate a “conservative” estimate of the value of outstanding derivatives contracts. This global derivatives bubble is estimated to be around $1,500trn (£1,203.2trn). So, you see from this figure, they don’t call it a pyramid scheme for nothing.

 

Please read more here.

Alchemy in the derivatives market could trigger the next global financial crisis

March 24, 2017

Michael Snyder: "The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America"

March 24, 2017

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