Here's the scariest statistics you'll ever see. It's the decline in global transactions since last year's numbers__C.H.I.P.S.
Global transactions have shrunk from $508,758,657,298,000 to $364,355,126,940,000 as the difference from Dec 31, 2008 to Dec. 31, 2009... That's a shrinkage of $144 trillion dollars over the year...
What do you really think the outcome is going to be...?
Global derivatives contracts also shrunk from a high of $684 trillion in June 2008 to $592 trillion in Dec. 2008, and the most recent data of June 2009 shows they were at $605 trillion...
I think it's time for the nation and the world to start taking this global financial disaster much more seriously, than they are pretending to__What do you think...?
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