A lot of these trillions are balanced contracts. A lot of them are individually negotiated contracts, addressing specific and narrowly defined risks. Like the nonsense “trade deficit”, the total of these contracts is a worthless statistic.
Shhhhhh, crying “CALM” in the middle of a panic is against the rules.
John Law couldn’t have said it better.
Shhhh, if the doom and gloomers hear you, they'll accuse you of being a government shill. LOL!