[familyop]

So, how far could this go? How many U.S. dollars are still floating or stashed around the globe from those derivatives?

What Cooked The World’s Economy?
http://www.freerepublic.com/focus/f-news/2209313/posts

And...

Here’s the link for the evidence in the information from the “Bank for International Settlements,” as mentioned in the full version of the excerpted article linked above.

http://www.bis.org/publ/otc_hy0805.pdf

...and a quote from it.

“The over-the-counter (OTC) derivatives market showed relatively steady growth in the second half of 2007, amid the turmoil in global financial markets. Notional amounts of all categories of OTC contracts rose by 15% to $596 trillion at the end of December (Table 1), following a 24% increase in the first half of the year.1”

More on what happened in 2007-2008.

China’s imploding US ally (AIG)
http://www.freerepublic.com/focus/f-news/2084468/posts

AIG: Inquiring Minds Want To Know
http://www.freerepublic.com/focus/f-news/2192489/posts
(China)

Fed won’t say who helped by AIG rescue
http://www.freerepublic.com/focus/f-news/2200398/posts

Top U.S., European Banks Got $50 Billion in AIG Aid
http://www.freerepublic.com/focus/f-bloggers/2201213/posts

China appeals to Washington to safeguard assets
http://www.freerepublic.com/focus/f-news/2205693/posts

U.S. Federal Reserve to buy up to US$300B long-term Treasury bonds
http://www.freerepublic.com/focus/news/2209403/posts

[SkyPilot]

So, how far could this go?

James Rickards, who wrote "The Death of Money" a few years ago (he was also a Wall Street insider and financial analyst for the DoD and CIA), said the stock market could (could) plunge 70%.

http://moneymorning.com/jim-rickards-coming-great-depression/

I have read some of his articles and watched interviews with him. He isn't a half-cocked alarmist, but a very sober, logical man.

Rickards has been saying for years that the "re-set" (if there will be one and I think there will) is going to have to come from the IMF.

The currency of the IMF is the Special Drawing Right (SDR). Rickards says they could call it "global money" but that is too spooky.

I believe the SDR will be the basis for the new world government and world currency.

If Pope Francis backs this plan in September in his address to a Joint Session of Congress on the 24th, and his address to the United Nations on the 25th, fasten your seatbelt.