2015-10-11 9:07 GMT+02:00 Georgi Guninski <[email protected]>: > 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?
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.
