by Joseph P. Farrell, Giza Death Star:

There’s an important article over at Zero Hedge that was shared by V.T., and I have to pass it along, because it highlights a problem that during the last few years has become lost in the shuffle: derivatives. These, as the article points out, are at the heart of the problem. Here’s the story:

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

What’s worth paying attention to here is the following: