Tuesday, May 31, 2016 Beverly Hills, CA
Attention: Thom Hartmann, Bernie Sanders, and America!
I just figured out that to help society conceptualize the present number of DERIVATIVES in the world, simply conceive the number of square feet of all the combined continents of Earth minus South America -- they would both be around 1.4 QUADRILLION square feet (ONE TRILLION X 1,000= ONE QUADRILLION)!
Derivatives are the main toxic highest risk financial virus that caused the Crash of 1929 and 2008! They should be outlawed because the ALGORITHMS upon which they are based are composed by using the most complex mathematical CALCULUS to render them so OPAQUE that only very few humans on this planet can understand them. They are like the financial SUPER BUG of Wall Street of which there is NO antibody or CURE. The next Financial Derivative Crash PERFECT STORM could destroy our Economy for good and is as big a threat as all-out cyber warfare!
The Gross Product (GP) of everything on the entire surface of our Earth is presently around $700 TRILLION! Multiply that times 20 and you get the above figure (of $1.4 quadrillion in derivatives) about which I just wrote! No wonder one of the books of the Bible (BUY-BELL) is called The Book of [numb] NUMBERS!
Our government in Washington DC needs to put a CAP on derivatives. A good place to start would be to limit the leverage/risk to 10 times the Assets of the bank in question. (This was the average extreme financial risk in America from the FDR 1930s to the EISENHOWER 91% UPPER TAX RATE 1950s!
Instead of continuing the eight year old cry of “break up the Wall Street banks”, we should simplify it to “break up the biggest bank” and CAP ASSETS at ONE TRILLION DOLLARS PER BANK! That would be the Wall Street bank JP MORGAN CHASE which has a present monetary Asset Value of around $2.6 trillion dollars, [big enough to create THREE BANKS] and its total exposure to derivatives is more than $63 trillion dollars. This latter amount should be lowered to the 10 X CAP of only a $26 trillion dollar exposure to derivatives, and with an ASSET CAP of ONE TRILLION DOLLARS, THE DERIVATIVE CAP would be lowered to $10 TRILLION DOLLARS!
Our ultimate goal should be to OUTLAW derivatives completely as they are like a virus, or turd. Would it really be acceptable if only a tiny turd or virus were in your soup? Wouldn’t you throw out the entire bowl of soup?! Perhaps it would speed up the awakening of America if derivatives were called... DerivaTurds!
Then again, perhaps... “DerivaTraps” would be morally superior! What do you think? Any poetic suggestions for the ultimate word, the perfect spell, or best spelling?
Gen. Arthur J. Earthmann, Prophet of G.O.D. (Great Open Democracy)
My Website: ThePeaceForce.org
My Email: firstname.lastname@example.org
My P. O. Box 1223 Beverly Hills, CA 90213-1223
My Landline: 310-581-8060
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