China is pulling away from buying the debt of the US and hence pulling
   away from the dollar as its backed exchange rate ... meaning when a
   country holds in its banks enough US currency so that it can exchange
   the currency easily it is backing its money w the US dollar BECAUSE it
   cant then go to the US and say ok give me chinese yen ... it just has
   to hold the dollar in its system and therefor ownes the debt
   Presently the chinese see the futility of the system and are shifting i
   cant remember into what exactly ... will dig that up when i get a
   minute but they dont want to be basing econ on debt papers anymore

   The ever fucker nixon ... with dick cheney in his cabinet took the
   dollar off the gold standard and kind of fucked the world ... didnt
   warn anyone or nothin just did it

   In india the government just ask the people to loan their banks
   personal items of gold ... people buy it here as a personal investment
   like real estate such a contrary notion than the US

   On Oct 14, 2015 3:30 PM, "Georgi Guninski" <[1]guninski@guninski.com>
   wrote:

     On Sun, Oct 11, 2015 at 01:31:26PM +0200, Lodewijk andré de la porte
     wrote:
     > >
     [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
     Maybe "Counting derivatives as debt" is indeed not correct.
     But gambling with something you don't have is serious potential debt
     problem.
     Especially, as you note, if the shit is amplified (which is likely
     in a
     ponzi scheme like this).
     Somewhat related (I don't claim it is the same):
     [3]https://en.wikipedia.org/w/index.php?title=Barings_Bank&oldid=684
     442660
     ---
     The bank collapsed in 1995 after suffering losses of £827 million
     ($1.3
     billion) resulting from poor speculative investments, primarily in
     futures contracts, conducted by an employee named Nick Leeson
     working at
     its office in Singapore.
     ---

References

   1. mailto:guninski@guninski.com
   2. http://english.pravda.ru/business/finance/08-10-2015/132278-us_treasury_swap-0/
   3. https://en.wikipedia.org/w/index.php?title=Barings_Bank&oldid=684442660