Posts Tagged ‘trillion’

A Bank With $49 Trillion In Derivatives Exposure Is Melting Down Before Our Eyes

Authored by Michael Snyder via The Economic Collapse blog, Could it be possible that we are on the verge of the next “Lehman Brothers moment”?  Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, and most of the largest […]

The World’s First Trillion Dollar Oil Company Has A Big Problem

Authored Tsvetana Paraskova via OilPrice.com, China’s biggest oil and gas producer PetroChina – the first company in the world to reach a US$1-trillion valuation more than ten years ago – is now so cheap that it is worth less than the value of its oil and gas reserves. PetroChina is listed in Hong Kong, Shanghai, and New […]

Top 1% Up $21 Trillion. Bottom 50% Down $900 Billion

Top 1% Up $21 Trillion. Bottom 50% Down $900 Billion Every quarter, the Federal Reserve puts out the Financial Accounts (aka “Z1” or “Flow of Funds”), which provide economy-wide aggregates for nearly every kind of asset and liability there is. Every three years, they put out the Survey of Consumer Finances (SCF), which is a household survey that records […]

How Iran Was Swindled Out Of $3.2 Trillion

Authored by Simon Watkins via OilPrice.com, Underlying the one-year anniversary in mid-August of the signing of the ‘Convention on the Legal Status of the Caspian Sea’ is one of the greatest oil industry swindles in recent years. When representatives of the five Caspian littoral states meet on the 11th and 12th of August, Iran intends to […]

Boondoggle, Inc.: Making Sense of the $1.25 Trillion National Security State Budget

In its latest budget request, the Trump administration is asking for a near-record $750 billion for the Pentagon and related defense activities, an astonishing figure by any measure. If passed by Congress, it will, in fact, be one of the largest military budgets in American history, topping peak levels reached during the Korean and Vietnam […]

DEBATE: Is The Belt & Road Initiative a global game changer or trillion-dollar blunder?

The debate: Is China’s Belt & Road Project a global game changer or a trillion-dollar blunder? Intelligence Squared hosts a lively panel discussion on this important geopolitical topic. Debaters: Ian Bremmer, Founder and President, Eurasia Group Michèle Flournoy, Co-Founder & Managing Partner, WestExec & Fmr. U.S. Undersecretary of Defense for Policy Yasheng Huang, Professor, MIT […]

The $1.25 trillion US national security state budget, taxpayers money wasted

In its latest budget request, the Trump administration is asking for a near-record $750 billion for the Pentagon and related defense activities, an astonishing figure by any measure. If passed by Congress, it will, in fact, be one of the largest military budgets in American history, topping peak levels reached during the Korean and […]

Boondoggle, Inc. Making Sense Of The $1.25 Trillion National Security State Budget

Boondoggle, Inc. Making Sense Of The $1.25 Trillion National Security State Budget Above Photo: Mark harmon/Flickr In its latest budget request, the Trump administration is asking for a near-record $750 billion for the Pentagon and related defense activities, an astonishing figure by any measure. If passed by Congress, it will, in fact, be one of the largest military […]

Big Oil Is Set To Spend $5 Trillion On Fossil Fuels We Can’t Afford To Burn

Our analysis found that all production from new oil and gas fields – beyond those already in production or development – is incompatible with reaching the world’s climate goals. Yet the oil and gas industry is set to spend $4.9 trillion (yes, trillion) over the next ten years on exploration and extraction in new fields. That’s an eye-watering […]

Student Debt Is At All-Time-High Of Over $1 Trillion

Student Debt Is At All-Time-High Of Over $1 Trillion Above Photo: Abstract Expressions/Flickr More than a decade has passed since young Americans faced debt levels this high. Debt among 19 to 29-year-old Americans exceeded $1 trillion at the end of 2018, according to the New York Federal Reserve Consumer Credit Panel. That’s the highest debt exposure […]

How Britain stole $45 trillion from India

By Jason Hickel Source Lord Louis Mountbatten, the last Viceroy of India, and his wife, Lady Edwina Mountbatten, ride in the state carriage towards the Viceregal lodge in New Delhi, on March 22, 1947 [File: AP] There is a story that is commonly told in Britain that the colonisation of India – as horrible as it may […]

Search for Missing $21 Trillion Comes Up Empty as Pentagon Fails First Audit in 71-Year History

WASHINGTON — Despite being legally required to conduct audits since the early 90s and holding a staggering  2.2 trillion in assets, the Pentagon held its first-ever audit this week — which it, unsurprisingly, spectacularly failed. According to a senior official, the results were so bad that the discrepancies could take “years [to] resolve.” The Department […]

The Pentagon failed its audit amid a $21 trillion scandal (yes, trillion) – Lee Camp

But that sounds weird – so let me back up. A few months ago, I covered the story of the $21 trillion that has gone unaccounted for at the Pentagon. That’s right—trillion with a T—an amount of money you can’t possibly come to terms with, so stop trying. Seriously, stop. It’s like trying to comprehend […]

Legacy of Colonialism: Britain Robbed India of $45 Trillion and Thence 1.8 Billion Indians Died from Deprivation

Eminent Indian economist Professor Utsa Patnaik (Jawaharlal Nehru University) has estimated that Britain robbed India of $45 trillion between 1765 and 1938, However it is estimated that if India had remained free with  24% of world GDP  as in 1700 then its cumulative GDP would have been $232 trillion greater (1700-2003) and $44 trillion greater […]

How Britain’s Royal Jews stole $45 trillion from India

How Britain’s Royal Jews stole $45 trillion from India And lied about it. by Jason Hickel 14 Dec 2018 Lord Louis Mountbatten, the last Viceroy of India, and his wife, Lady Edwina Mountbatten, ride in the state carriage towards the Viceregal lodge in New Delhi, on March 22, 1947 [File: AP] more on United Kingdom […]

Who Exactly Mopped up $1.33 Trillion of New US Government Debt over the Past 12 months?

Other Big Foreign Creditors of the US government Of the 12 largest holders of US Treasuries, after China and Japan, seven are tax havens for foreign corporate and/or individual entities (bold) and one (Belgium) is the location of Euroclear, a massive outfit that provides, as it says, Financial Market Infrastructure services, holds about […]

The History of War: What the ‘Neocon Chickenhawks’ Have Wrought. One Trillion Annual Military Spending

The 100th anniversary of the signing of the Armistice to end World War I has generated a lot of discussion and articles about the so-called “Great War.” Most of the neocon chickenhawks who so eagerly led us into the disastrous war in Iraq seemingly want to be regarded as modern-day Winston Churchills. They might be […]

Massive solar flare to bring chaos, inflict $2 trillion in damage – bank’s ‘outrageous’ prediction

According to the Copenhagen-based financial institution, the upcoming year is set to be marked with X-Class solar flare that will evoke absolute chaos across the globe. “In 2019, as Solar Cycle 25 kicks into gear, the earth isn’t so lucky and a solar storm strikes the Western hemisphere, taking down most satellites on […]

Judge Dismisses $1 Trillion Sandy Hook Lawsuit

Says Legal Action “Frivolous”, Plaintiff Hasn’t Suffered Loss. On January 15, 2015 the $1 trillion lawsuit brought by New London Connecticut William Shanley was dismissed by United States District Judge Jeffrey Alker Meyer. In December 2014 Shanley, an author and documentary filmmaker, filed two lawsuits against the Newtown Bee newspaper and several dozen major news […]

Trump Administration on Track for $1 Trillion Budget Deficit This Year

November 19, 2018 By Michael Maharrey The Trump administration is on track to post a 2019 fiscal year budget deficit of over $1 trillion. These are the kind of budget deficits we would expect to see during a deep recession, not an “economic boom.” The government got off to a good start at achieving this […]

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