2015-10-11 9:07 GMT+02:00 Georgi Guninski <[1]guninski@guninski.com>:

     On Sun, Oct 11, 2015 at 02:46:21AM +0000, Zenaan Harkness wrote:
     > > QUESTION:
     > >
     > > Is there a citable reference for the debt of
     > > $315 treeeeelion?
     > >
     > More info and explanations of the USA's gig is nearly up (and I'm
     > pretty sure their last estimate of 2023 lates, is certainly much
     > further into the future than the actual reset/collapse of US
     dollar):
     >
     [2]http://english.pravda.ru/business/finance/08-10-2015/132278-us_tr
     easury_swap-0/
     >
     > "There are $630 trillion in outstanding derivatives globally
     according
     > to the Bank of International Settlements (BIS) in Switzerland.
     That
     > is, about $630 trillion in bets placed on about $100 trillion in
     > stocks and bonds."
     >
     Interesting (but doesn't seem citable reference to me).
     How the financial market is still working?
     And how such bets survived so far?

   Counting derivatives as debt is definitely 100% misguided. They're also
   used to amplify market swings - make or lose more with less motion,
   therefore the oversizedness is not surprising. It makes markets more
   accurate, liquid and reliable (except f-ups get amplified too
   sometimes).
   Why not just read about this online? It's very public info.

References

   1. mailto:guninski@guninski.com
   2. http://english.pravda.ru/business/finance/08-10-2015/132278-us_treasury_swap-0/