Derivates is a ticking time bomb. The next crash should be called "The derivatives crash". I've already mentioned it here - the world wealth is... comparable to the total world derivative exposure. Derivatives are often unreported and unregulated.

People can't have 100:1 leverage, but Goldman Sachs can! This is called a castle in the sand, a house of cards. There is nothing that creates of guarantees this "value", these are just mutual debts and obligations. Once trust disappears, the values would come crashing down. Money is loaned into existence, money doesn't exist. Basically, if I give you a $1M loan, and you give me a $1M loan, we just created $2M dollars out of nowhere. I'm not exagerating: this is literally how the system works, and how the rich rob the poor.

The good news in this chart is that my bank, Chase, the largest bank in the US, is not extremely leveraged. Maybe the big man himself called Jamie Dimon and said, yo you can't leverage more than 20:1. I don't know, but it looks like Chase will not self-destruct during the upcoming market crash, so the US economy will be alright, in this particular aspect.

Goldman Sachs is not a bank, they are an asset manager (a gambler).