That’s Gonna Leave A Mark!
I had heard the number $1.4 Quadrillion thrown around and now here is the source of the reporting… Wayne Madsen. This information is normally by subscription only at http://www.waynemadsenreport.com/.
He has posted it as a special report on OnlineJournal.com and here are a few excerpts:
Forget trillions of currency units at stake, try quadrillions and . . .
By Wayne Madsen Online Journal Contributing Writer
(WMR) — WMR has learned from sources inside “The Temple,” otherwise known as the Federal Reserve Bank, that the amount of money that is at risk worldwide is not in the trillions but the quadrillions.
On December 18, 2008, WMR first reported on the “quadrillion” dollar international fraud scheme and its relationship to the Clearstream scandal in France that has prompted French President Nicolas Sarkozy to misuse France’s judicial system to stymie any legitimate investigation into the bribing of French leaders, including Sarkozy, to keep secret the massive laundering and manipulation of cash worldwide.
WMR reported: “WMR has learned from informed sources that French President Nicolas Sarkozy will soon face renewed charges that he received illegal foreign funds through the Luxembourg banking company Clearstream.
“Clearstream reportedly represented a massive money laundering operation that financed political and other operations around the world. Banks and companies with Clearstream accounts included the Bank of Credit and Commerce International (BCCI), Bank Menatep of jailed Russian oligarch Mikhail Khodorkovsky, Banco Ambrosiano (also known as the Vatican Bank), Bahrain International Bank (with reported links to Osama Bin Laden), and The Carlyle Group.
The term quadrillion in relation to worldwide derivatives was also cited in Len Bracken’s guest editorial in WMR on October 9, 2009: “The worldwide notional value of outstanding derivatives is now estimated to be $1.405 quadrillion, up 22 percent from the 2008 level. DK Matai of the Asymmetric Threats Contingency Alliance notes that a conservative 10 percent default or decline could result in $100 trillion of payouts. Financial institutions, nation states, even blocs such as the European Union will be unable to fund these obligations, often owed to …
read the rest here… http://onlinejournal.com/.
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1.4 quadrillion derivatives – Google News
