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): http://english.pravda.ru/business/finance/08-10-2015/132278-us_treasury_swap...
"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?