<<So our mortgage meltdown financial crisis is a diabolical Chinese scheme to support Chinese exports...???>>
;0) yeup, the chinese instructed americans to build and sell houses at nothing down, and to build a derivative bomb on top of the entire contract, like in the movie "contact"
just in in-tray
§ Total world financial assets about $180trn
§ Total world GDP around $60trn
§ Total cost of financial crisis $60-200trn, according to Andrew Haldane
§ Total global derivatives outstanding about $600trn, according to some, down from about $700trn pre-crisis
§ Net derivatives position estimated $30trn by others
§ Total mkt cap of equities worldwide about $50trn, according to current prices
§ US national debt about $14trn, but some claims rise to $100trn based on unfunded liabilities
§ World consumes $2.3trn/year of oil in 2010E, approx, based on about 85mpd and recent avg prices
§ Iron ore in 2010E $200bn/year approx, based on about 1.6bn tons
§ Total copper production in 2010E $147bn/yr based on Simon Hunt estimate
§ Total asset value of US agricultural land, including buildings worth about $1.8trn w/ low debt (2007 $2.2trn)
§ All gold mined worth about $7trn, w/ about 20% ratio un-mined to mined, based on many discussions…
§ All silver mined based on 40bn ounces is worth about $800bn, based on market prices and websites
§ World fleet delivered and orderbook are about 1+$trn, based on rough estimates |
