USA government debt ceiling

Georgi Guninski guninski at guninski.com
Sun Oct 11 00:07:45 PDT 2015


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-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?




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