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$573 Trillion With a "T"

 
Anonymous Coward
User ID: 1319891
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04/20/2011 06:02 PM
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$573 Trillion With a "T"
www.usdebtclock.org

Check out the most important number "Currency and Credit Derivatives"

****************$573 TRILLION DOLLARS******************

Hover your pointer over the number on the clock and up pops a message that Says this number represents Credit Default Swaps

What is a Credit Default Swap?
A credit default swap (CDS) can almost be thought of as a form of insurance. If a borrower of money does not repay her loan, she "defaults." If a lender has purchased a CDS on that loan from an insurance company, the lender can then use the default as a credit to swap it in exchange for a repayment from an insurance company. However, one does not need to be the lender to profit from this situation. Anyone (usually called a speculator) can purchase a CDS. If a borrower does not repay his loan on time and defaults not only does the lender get paid by the insurance company, but the speculator gets paid as well. It is in the lender's best interest that he gets his money back, either from the borrower, or from the insurance company if the borrower is unable to pay back his loan. However, it is in the speculator's best interest that the borrower never repay his loan and default because that is the only way that the speculator can then take that default, turn it into a credit, and swap it for a cash payment from an insurance company.

A more technical way of looking at it is that a credit default swap (CDS) is a swap contract and agreement in which the protection buyer of the CDS makes a series of payments (often referred to as the CDS "fee" or "spread") to the protection seller and, in exchange, receives a payoff if a credit instrument (typically a bond or loan) experiences a credit event. It is a form of reverse trading. - Wiki

--------------------

Credit Default Swaps where created in the early 90s but didn't start to be used as a wide spread market tool until 2003. So, in about a 9 years period of time, the entire worlds currency has been devoted to insurance on all the worlds pieced together crap. Almost, nobody owns any property out right. The Bank notes are sliced up bundle together and sold to Hedge-funds which in turn pay for this crap using 401k and Sucker Investors (Main-Street). When the shit hits the fan Credit Default Swaps are used to cover the hedge-funds ass but not the investor.

So, If the entire Worlds currency is being used as insurance. It's only natural that you would find people that want to cause stuff to fail so they can collect large sums of money.

$573,000,000,000,000 is a staggering amount of money invested on failure. The majority of the Stock Market use to be based on success, now, The stock market is the place they help Main-street Suckers to invest so the Wall Street boys can bet on their failure.

Looking for an example? It doesn't get any more obvious than the "Housing Bubble" and "Market Crash" of 2008. Most of the Government Bailout was actually devoted to "Credit Default Swap Guarantees". It's was bad news that we handed out all this money to bankers but the real kicker is the amount of Loan and CDS Guarantees (Government acting as insurance company) TRILLIONS UPON TRILLIONS.

The First "Market Crash" was a set up so the government would back all the Credit Default Swaps, because honestly, who thinks the insurance company's can back up $573 trillion in bets. Now, time to make the shit hit the fan AGAIN but this time it takes down our whole country while making certain "string pullers" around the world a TON of money. wowey
Anonymous Coward
User ID: 1051786
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04/20/2011 06:37 PM
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Re: $573 Trillion With a "T"
Op Nice Dot Connecting! Kept it simple to understand.
Bump!
Anonymous Coward
User ID: 1314081
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04/20/2011 06:41 PM
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Re: $573 Trillion With a "T"
+ pinky finger up....100 trillion
Anonymous Coward (OP)
User ID: 1319891
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04/20/2011 06:51 PM
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Re: $573 Trillion With a "T"
+ pinky finger up....100 trillion
 Quoting: Anonymous Coward 1314081


Yeah, I didn't realize just how big CDS was world wide. The total amount of currency Worldwide in circulation can't be too much higher $573 Trillion.
Anonymous Coward
User ID: 1350298
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04/20/2011 07:00 PM
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Re: $573 Trillion With a "T"
bump for more to see this

and for the pin
Anonymous Coward
User ID: 1349287
04/20/2011 07:05 PM
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Re: $573 Trillion With a "T"
bump, 5 starred and suggested pin
Anonymous Coward
User ID: 1325230
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04/20/2011 10:43 PM
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Re: $573 Trillion With a "T"
Are they going to collapse sometime this year?
Anonymous Coward
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04/20/2011 10:45 PM
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Re: $573 Trillion With a "T"
bump
Anonymous Coward (OP)
User ID: 1319891
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04/21/2011 01:27 PM
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Re: $573 Trillion With a "T"
Are they going to collapse sometime this year?
 Quoting: Anonymous Coward 1325230


My guess, starting next quarterly earnings report. I believe most of the world will get hit hard with inflation until it all crumbles into a new world electronic only currency(2-5yr). Sold to us as a savior for the fear and turmoil the ruling elite have put us through.

Most likely a new government of the world to enforce the stature that a new currency would require to be relevant. Governments around the world will get to keep their current laws and traditions as long as they are not in conflict with "WORLD LAWS". Kind of like states with medical pot, State can pass the law but when the DOJ wants some heads to roll as an example of their power. The State Troopers are there to help arrest People acting within State Laws. As with most change and broad encompassing polices , there will be Good & Bad aspects of a World Government. I think, they will be based mostly around similar laws to our constitution promising freedom that will be unprecedented around the world, like Human rights and freedom of press but also a strict level of security protocols that will eventually strip most choice away from the average citizen.

This is just my 2 cents. Like most people on this website, I spend a lot of time learning about things we have no control over but try not to let that frustration run my life into ruin. Just a Pawn trying move 2 spaces instead of one.

I would love to here others opinions of where they think we are heading.
Anonymous Coward
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04/21/2011 01:34 PM
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Re: $573 Trillion With a "T"
:dubya:gwdancegdub
odance
oridin
Anonymous Coward
User ID: 1353177
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04/22/2011 08:51 PM
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Re: $573 Trillion With a "T"
that is a crazy amount of money?
how big is the us stockmarket?
Anonymous Coward (OP)
User ID: 1319891
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04/24/2011 03:12 PM
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Re: $573 Trillion With a "T"
that is a crazy amount of money?
how big is the us stockmarket?
 Quoting: Anonymous Coward 1353177


$15 Trillion
Anonymous Coward
User ID: 663873
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04/24/2011 03:17 PM
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Re: $573 Trillion With a "T"
the only problem with betting on failure is that on such a large scale the insurance issuers will just default as well
Anonymous Coward (OP)
User ID: 1319891
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04/24/2011 03:52 PM
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Re: $573 Trillion With a "T"
the only problem with betting on failure is that on such a large scale the insurance issuers will just default as well
 Quoting: Anonymous Coward 663873


Also, in the USA our Government will have to default
Karu

User ID: 826286
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04/24/2011 04:11 PM
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Re: $573 Trillion With a "T"
Just the number trillion is mind boggling.

1 million seconds = 12 days
1 billion seconds = 32 years
1 trillion seconds = 32,000 years
Anonymous Coward
User ID: 788951
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04/24/2011 04:15 PM
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Re: $573 Trillion With a "T"
Pin this snizzle!
Anonymous Coward
User ID: 1351845
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04/24/2011 04:25 PM
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Re: $573 Trillion With a "T"
bump
Staggering!
Anonymous Coward (OP)
User ID: 1319891
United States
04/24/2011 04:29 PM
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Re: $573 Trillion With a "T"
Just the number trillion is mind boggling.

1 million seconds = 12 days
1 billion seconds = 32 years
1 trillion seconds = 32,000 years
 Quoting: Karu


OMG! I've never thought of it like that. So, it would take 573 people spending 1 dollar every second for 32,000 years. HAHA! WOW!
Anonymous Coward
User ID: 1159113
United States
04/24/2011 04:35 PM
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Re: $573 Trillion With a "T"
Are they going to collapse sometime this year?
 Quoting: Anonymous Coward 1325230


My guess, starting next quarterly earnings report. I believe most of the world will get hit hard with inflation until it all crumbles into a new world electronic only currency(2-5yr). Sold to us as a savior for the fear and turmoil the ruling elite have put us through.

Most likely a new government of the world to enforce the stature that a new currency would require to be relevant. Governments around the world will get to keep their current laws and traditions as long as they are not in conflict with "WORLD LAWS". Kind of like states with medical pot, State can pass the law but when the DOJ wants some heads to roll as an example of their power. The State Troopers are there to help arrest People acting within State Laws. As with most change and broad encompassing polices , there will be Good & Bad aspects of a World Government. I think, they will be based mostly around similar laws to our constitution promising freedom that will be unprecedented around the world, like Human rights and freedom of press but also a strict level of security protocols that will eventually strip most choice away from the average citizen.

This is just my 2 cents. Like most people on this website, I spend a lot of time learning about things we have no control over but try not to let that frustration run my life into ruin. Just a Pawn trying move 2 spaces instead of one.

I would love to here others opinions of where they think we are heading.
 Quoting: Anonymous Coward 1319891


I think Mr. Gold (Jim Sinclair) has nailed it.

The end game is a virtual reserve currency linked to gold. It will be based on an average of major currencies, which will slow down the movement in the index. The International Monetary Fund (IMF) is moving in that direction with Special Drawing Rights (SDRs). The dollar will be just another currency. The dollarís not going to zero. It could loose a significant part of its buying power, which it already has and could again.

This is an excellent interview that also touches upon the amazingly large numbers being thrown around out there...

Get gold and silver.

[link to news.goldseek.com]
Anonymous Coward (OP)
User ID: 1319891
United States
04/24/2011 04:46 PM
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Re: $573 Trillion With a "T"

Are they going to collapse sometime this year?
 Quoting: Anonymous Coward 1325230



[link to news.goldseek.com]
 Quoting: Anonymous Coward 1319891


Nice Link.

I think they will make the population suffer quite a bit more because it's the fear that will make people beg for world currency.
Anonymous Coward (OP)
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04/25/2011 02:26 PM
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Re: $573 Trillion With a "T"
Shameless Bump!
Anonymous Coward
User ID: 1324265
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04/25/2011 02:29 PM
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Re: $573 Trillion With a "T"
no way you can pay that back lol, just might as well give up
epos

User ID: 1358211
Germany
04/26/2011 05:30 PM
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Re: $573 Trillion With a "T"
Unbelievable!
573 trillion seconds = OVER 18 MILLION YEARS
[link to www.google.com]
oops2
Anonymous Coward
User ID: 1348971
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04/26/2011 05:44 PM
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Re: $573 Trillion With a "T"
i hate you guys...

you're just like many scientists with all these worthless, meaningless numbers of fantastic size.

you do realize that at some point the size of a number has no purpose.

this number is at that point.





GLP