Cyprus Eastern Forum Archive


This is a text archive version of our main content. To view the full site with more information, features, formatting and images please click here.

>> Eastern Cyprus Forum Archive Index

View The Full Original Topic: This puts the Troika loan into perspective......


>> Have YOUR say - Post A Reply To This Topic

Posted By: ProVox

We often here that word’ DERIVATIVES’ when the bankers and financial experts start talking about the world economy. It appears that the major US banks are into derivatives in a big way ..........
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
If the derivatives gambling 'product' goes belly up the nine largest US banks will owe $228,720,000,000,000,000 which is an awful lot more than they have in the vaults.
Makes Cyprus’s €17bn loan look like nothing at all to worry about! :money:



Posted By: Kwacka

Insanity: doing the same thing over and over again and expecting different results. Albert Einstein The banks betting on food prices is one of the things (along with drought, fires) that is pushing the price of food up.


[ ADVERTS: UK Stores Delivering To Cyprus | Find eBay Misspellings - Grab A Bargain! ]



Viewing Cyprus Eastern Forum Archive - Lo-Fi Version | Visit Cyprus Eastern Forum - Full Version | Questions?

TOP TIP: BUYING PROPERTY IN CYPRUS? PLEASE ENSURE THAT YOU SEEK INDEPENDANT LEGAL ADVICE FIRST.
Cyprus forum covering Kapparis, Protaras, Pernera, Agia Napa, Agia Thekla, Paralimni, Larnaca, Oroklini, Pervolia & surrounding areas
Please note that the views expressed on this forum are those of the author and may not reflect the views of the management.