ralfy
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- Feb 26, 2015
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The global capitalist economy is dominated not by governments or by central banks but by multinational private corporations, especially banks:
Revealed the capitalist network that runs the world - physics-math - 19 October 2011 - New Scientist
Much of that economy consists of credit, with the largest portion consisting not of securitized debt or even unfunded government liabilities but unregulated derivatives, with a notional value that is likely beyond a quadrillion dollars:
Top Derivatives Expert Estimates Size of the Global Derivatives Market at 1 200 Trillion Dollars ... 20 Times Larger than the Global Economy Washington s Blog
Revealed the capitalist network that runs the world - physics-math - 19 October 2011 - New Scientist
Much of that economy consists of credit, with the largest portion consisting not of securitized debt or even unfunded government liabilities but unregulated derivatives, with a notional value that is likely beyond a quadrillion dollars:
Top Derivatives Expert Estimates Size of the Global Derivatives Market at 1 200 Trillion Dollars ... 20 Times Larger than the Global Economy Washington s Blog