and, the banking cartel has created numerous derivative products that are based on the underlying credit-card and auto debt – these derivatives and their underlying debt should be blowing up here shortly
the derivative mountain that is currently collapsing is ONLY the $20 trillion in real-estate related derivatives
at some point in our future (not long I’m thinking) the entire $450+ trillion mountain of derivatives sitting on top of credit-card and auto debt will blow up (along with derivatives based on interest rates, price of oil, etc)
as I said earlier today, the banking industry is in the process of collapsing – don’t be fooled by all the distractions – this is the failure of fiat currency, central banking and reserve banking
