[Pen-l] Anyone know the derivatives market's size? (real size?)

[Patrick Bond]

Hard to find a real figure, so let's start on the frightened side:
Here's the $8 quad highest estimate, by one Webster Tarpley: 
http://investmentwatchblog.com/alert-derivative-notional-values-could-be-as-high-as-8-quadrillion-dollars-watch-video/

Here's a $1.5 quad estimate from Max Keiser's RT show:
http://www.maxkeiser.com/2014/07/marshall-swing-1-5-quadrillion-in-derivatives-will-collapse-in-2015-entire-financial-system-to-implode-in-an-hour/

Here's a $1.2 quad estimates from Yves Smith:
http://www.nakedcapitalism.com/2013/03/worldwide-derivatives-market-estimated-as-big-as-1-2-quadrillion-as-banks-fight-efforts-to-rein-it-in.html

And it's repeated by a mainstream US website:
http://www.dailykos.com/story/2014/04/01/1288919/-What-Happens-if-the-1-2-Quadrillion-Derivative-Market-Crashes

BBC now says $1 quad:
BBC Two on Twitter: "The derivatives market is worth one ... 
<https://twitter.com/BBCTwo/status/555836123503529984>
https://twitter.com/BBCTwo/status/555836123503529984
3 days ago - The /derivatives/ market is worth one /quadrillion/ dollars

so does that guy in Tulsa:
Russia: A Quadrillion Reasons - Bullion.Directory 
<http://bullion.directory/russia-a-quadrillion-reasons/>
bullion.directory/russia-a-*quadrillion*-reasons/
Dec 24, 2014 - The /quadrillion/ of /derivatives/ according to Warren 
Buffett contain numerous financial weapons of mass destruction that can 
implode the entire western financial ...

Any better source out there?

Thanks comrades,

Patrick
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