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"The total assets under management which I was able to compile from publicly available figures is 20,871,150,000,000. That is an underestimate because the bond holders who turn out to be Private and Swiss banks don't publish any figures. So Anglo Irish's 'bond holders' hold and invest MORE than 20.8 trillion euros. Guido lists those bond holders as holding between them 4 Billion euros in Anglo Irish bonds."
He's talking about CDOs and CDSs, so I think those amounts are US trillions or EU billions.
He's not innumerate or illiterate at all.
Total over-the-counter (OTC) derivative notional value rose to $683 trillion by June 2008.
Those of leap2020, ten days ago:
Warning Global systemic crisis - First quarter 2011: Breach of the critical threshold of global geopolitical dislocation
With the G20 summit in Seoul, which signalled to the planet in its entirety the end of US domination of the international agenda and its replacement by a generalised mood of "every man for himself", a new phase of the crisis has begun, prompting the LEAP/E2020 team to issue a new warning. The world is about to breach a critical threshold in this phase of global geopolitical dislocation... (page 9)
. Concluding the quantitative easing: the Fed placed under "house arrest" (page 11)
. Political paralysis in Washington: the US adrift, the dollar in freefall, and austerity looming in 2011 (page 12)
. European austerity: spread of social resistance movements; mounting populism; risk of fostering radicalism in rising generations; higher taxes (page 14)
. Strengthening of Euroland and beginning of euro manipulation in Europe (page 15)
. United Kingdom: a former power falters (page 16)
. Japan: the latest efforts to resist China's power (page 17)
Friends come and go. Enemies accumulate.
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