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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (16019)	1/4/2009 9:54:10 AM
From: Real Man	2 Recommendations Read Replies (1) \| Respond to of 71403

I just told you what will happen to 500 Trillion notional interest rates swaps in a currency crisis. In addition, the 5% fixed side won't pay up. -g-

To: dybdahl who wrote (16019)	1/4/2009 10:07:56 AM
From: carranza2	Read Replies (1) \| Respond to of 71403

What you are missing is the fact that many derivatives are themselves part of a pyramid supporting multiple obligations. This is of course devilishly difficult to quantify. The multiple layering - domino effect, Ponzi, call it whatever you will - is extremely dangerous. You obviously are skeptical or perhaps simply bloody minded in the face of accurate information. Should you wish to learn a lot more about derivatives, get your hands on anything written by Satyajit Das. Start here: wilmott.com If you think still think you know more about the issue than Das and cannot incorporate his vast knowledge without uninformed skepticism, end here. Read all: amazon.com