To: concernedcitizen76
There are about a quadrillion dollars worth of credit derivatives out there. If the economy goes TU we’re only on the hook for about $100 trillion or so. This is not including our debt plus unfunded liabilities with that price tag of $210 trillion.
4 posted on
03/22/2015 8:19:59 PM PDT by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: Jack Hydrazine
All it takes is one event that causes somebody to call in their debtors to bring the whole thing down. WWI was started by a single assassination.
7 posted on
03/22/2015 8:25:38 PM PDT by
Jonty30
(What Islam and secularism have in common is that they are both death cults)
To: Jack Hydrazine
There are about a quadrillion dollars worth of credit derivatives out there. If I place a $5 bet on a game between two $1 billion dollar sports teams, is my bet somehow worth $2 billion?
11 posted on
03/22/2015 9:03:34 PM PDT by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
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