$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

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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.