The total amounts of credit default swaps (a form of debt insurance) outstanding is at $45.5 trillion --about twice the value of the US stock market, and three times the value of the US GDP (($13 trillion). This could lead "to a generalized meltdown of the financial system of a severity and magnitude like we have never observed before."
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4-17-2024
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They're saying F-U to Congress, essentially read more | digg story
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