An extract of the problem re banks for instance ( part of Australia)
Collectively Australia’s banks have become even more addicted to derivatives gambling since the GFC, increasing their total exposure from $13 trillion in 2008, to $21.5 trillion as of the latest measurement by the Reserve Bank. This amount completely dwarfs the nation’s entire annual income, measured in gross domestic product, of $1.4 trillion.
Unfortunately officials and accountants have come up with 50 million ways to tell the truth so when you look at published figures you rarely get the truth the whole truth and nothing but the truth
