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this is terrifying Im your host Steve Van Meter and thanks for joining me today and the bank of international settlements recently released a report saying theres 65 trillion of hidden off balance sheet derivatives sending across the major banks in the Global Financial system that they believe could spark another financial crisis to put this in perspective theres 31 trillion of U.S government debt meaning theres more than double that amount of these derivative contracts sitting at the banks in the Todays Show were going to look at what these contracts are how they can trigger a financial crisis how central banks will respond them and more importantly why the FED is powerless at stopping this now before we get in todays topic I want to thank all of you for the well wishes Ive Im dealing with a major sinus infection and hopefully in a couple days my voice will be back but as we say The Show Must Go On Lets head over to Bloomberg where we pick todays story up when the headline
