This info graphic on the relative scale of the world’s derivative markets and the individual exposure of the largest banks is useful.
“Pick something of value, make bets on the future value of “something”, add contract & you have a derivative.
Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill.”
The scale of the derivatives (debts) overhanging the planet makes it very clear that no government or taxpayers in the world can possibly pay for these bets. They are a false and insane construct that must be allowed to fall on its own artifice taking all of its brilliant architects with it. Early bank bailouts have been siphoned out to a few executives, but the existing labyrinth of derivatives and counter-parties remains bankrupt and not saveable. Every time another financial entity or conglomerate, talks about tax payer-funded bailouts of this system, thinking people must revolt. Click here to see why.