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?
