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Closer to 10 trillion according to Catherine Austin Fitts (Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing/Federal Housing Commissioner at the United States Department of Housing...

If not it paints a pretty bleak picture and what the hell is everyone talking about a strong USD anyway if you look at such a timeline.

Out of that link: The total losses were found to be $4.6 billion. The losses in the major investment categories were $1.6 bn in swaps $1.3 bn in equity volatility $430 mn in Russia and other emerging markets $371 mn in directional trades in developed countries $215 mn in yield...

What happened? Thanks.

According to many pundits such as Jim Rogers the bailout of LTCM is the direct cause of the crisis the financial world finds itself in today. If they hadnt bailed them out the crazy leverage would have never happened and we would find ourselves in a much better state today. And if we...

God help us all.

Thanks for the responses.

Bought yesterday at 92$ a share, should pop up today.

Stop shorting gold fucking asshole!:p

You mean insolvent and very insolvent?:D

But but but.. On CNBC they said Euro and $ were going to reach parity?:confused:

Mmmm... Wasnt Germany bombed to the stone ages and didnt they hyperinflate last century? Is it going to be that bad this time again?

You are right. Better hold on to the £ at least you can wipe your ass with it.

They should allow the Yuan to skyrocket and give purchasing power to the Chineze. The West is tapped out, why don't they see that?

Indeed. The government guarantees 300 billion $ of Citibank turds but want some real change from the automakers in order for them to receive 15 billion $? lmao It's like they want a civil war to happen.

I own AU. Has a leverage of approximately 400% on spot on a good day.

I was thinking maybe the oil crash has something to do with it as well.

Then people in Switserland must be living like kings!

Depression. I wonder where all the fancy football stars are going to go to when the public invades the pitch to eat the grass.