💣 ~ A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes ~ | Blogger: [💸Why Do You Think, That UK VIP (High Profile) Bankers Jumping Ship, Turning to DK, Before BREXIT!?👛] ... {A HOT AIR EXPLODING BALLOON : Global debt is $244 trillion (318% of GDP) in Q3 2018. The derivatives market is, in a word, gigantic – often estimated at more than $1.2 quadrillion on the high end} ... The following banks, are CIBOR executives: "Danske Bank, Jyske Bank, Nordea Bank, Nykredit Bank, Sydbank and Spar Nord Bank (T/N-rate fixing - SEB Merchant Bank)". They are VERY, like in V-E-R-Y dependent on stability and what ECB, Deutsche Bank and The Federal Reserve Banks, does... In 2012, during the financial crisis went lending markets between banks to a standstill due to the liquidity problems, that came in the wake of the crisis - leaving CIBOR interest rat, as an estimate more than a real interest rate developments between the 7 CIBOR banks. It sparked a lot of criticism from both the danish central bank (Danmarks Nationalbank) and the Ministry of Economic and Business Affairs on a possible breach of competition rules... CIBOR (or LIBOR outside DK) is the interest rate, at which a bank is willing to lend Danish kroner to a prime bank. The loan is made on an uncollateralized basis. However, since 2013, Deutsche Bank AG, has decided not to participate any more in Copenhagen Interbank Offered Rate (CIBOR)... Buuuuut, "Derivatives" (satans dream lotto number) became the major scapegoats of the financial crisis because they made companies (bet) at such big losses, that it got the world's financial markets to its knees... 📉PS: WE KNOW FOR A FACT, that reserve currencies don't last forever, and that in the not too distant future, the US Dollar would also lose its status as the world's most important currency... |
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