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Swiss banks hold 8.8 trillion CHF ($9.7 trillion) in deposits [1], not enough to buy everything in Africa, not to mention the world. I'm not defending inequali

• zrn900 2y ago
  > Swiss banks hold 8.8 trillion CHF ($9.7 trillion) in deposits [1], not enough to buy everything in Africa, not to mention the world That's what they tell us. In any case, you could just take derivatives if you would like a more definitive estimate. Or futures. The latter is crazy as it monetizes the literal future of the planet.
  • blackhawkC17 2y ago
    Now compare the volume of derivatives in the USA, Canada, Germany, and other parts of the globe. Point still stands…Swiss bank assets can’t buy even Africa, not to mention the whole globe. And that’s not “what they tell us.” Swiss banks are required to report their deposits to regulators and always do that. But conspiratorial people always look for a boogeyman under the hood..
    • zrn900 2y ago
      What part of that is 'conspiracy'. Replace the swiss banks with derivatives or whatever 'investment tool' or concocted wealth that is sucking the planet dry if that example is not to your liking. The point still stands.