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To: SkyPilot
$200 Trill...... Uh, could you back that up about $100 Trillion? I think we could maybe handle that.... At some point later in the century, after someone tows home a solid-gold asteroid or something.

The largest number I'd heard so far was around $100-110 Trillion, much of it Credit Default Swaps.

When a swap derivative based on Lehman Bros. crossed the market at 20 cents on the dollar, is when AIG trading stopped and every major money-center and investment bank in the world went broke. Thereafter, they were fiercely pumped up with fiat money and declared solvent by, again, fiat.

That's my understanding of it, anyway. But what do I know?

205 posted on 01/15/2015 12:24:40 PM PST by lentulusgracchus ("If America was a house, the Left would root for the termites." - Greg Gutfeld)
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To: lentulusgracchus
That's my understanding of it, anyway. But what do I know?

I agree - you have a humble and gracious attitude towards it. No one really knows except God.

Reading the Book of Revelation, however, clues me in that the world will be enslaved economically, religiously, and politically. When will that occur exactly? I don't know.

211 posted on 01/15/2015 3:19:10 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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