COMMENT: Key passage: "I doubt if Biden or anyone in his administration, or even the Federal Reserve, has any idea of the extent of risk. To put it very [clearly], the five large US banks hold derivatives, the value of which is twice the size of the GDP of the entire world. They hold $188 trillion in derivatives. So, what is the risk of this? No one knows.”
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2839. BANKING: US banking crisis poses global threat, former Treasury official tells RT
2839. BANKING: US banking crisis poses global threat, former Treasury official tells RT
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