Still a very alarming number, but not as alarming as the total derivatives number. In perspective,,,,, if Deutche bank was to loose .001% of its total derivatives then it would be bankrupt. Its all stemed from 2007 crisis and CB's pumping QE in. But back to lloyds.......
A previous poster stated that the global debt was 14 quadrillion. That works out to at �200,000 for every man woman and child on planet earth. �5500 has been printed by the BoE for every man woman and child in the UK since the latest round of QE was endorsed about 2 years ago. �27,000 for every man woman and child in the UK is our National debt. 1100 LLOY shares for every man woman and child in the UK.
Cant agree more wids, I get the impression that CBs think they are heros by driving markets higher, as thats all it does, it has no effect on GDP or peoples wealth. Why not just print more money and no one pays any taxes? hey better still print more helicopter money and no one goes to work.... As you say it ends up in currency wars, until....... well i dont know where it ends - no one does. Nice work guys.
Central Bankers are out of control. Some are complete nutcases, no names mentioned. Governments are up to their eyesballs in debt. Having Central bankers as mates sense for awhile until they themselves loses the plot.
We're in currency wars, race to the bottom. Trying to keep your head above water before the weight of debt takes over.
Used to be pretty good many years ago - then it all went wrong - when .govs promised too much, and delivered even less - enter CBs.
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