http://usawatchdog.com/2-5-quadrillion-disaster-waiting-to-happen-egon-von-greyerz/
" Therefore, my estimate for derivatives would be at least $2 quadrillion, and I think that is probably conservative. Then, we have debt on top of that of $300 trillion, and we also have a couple hundred trillion dollars of unfunded liabilities. So, we are talking about $2.5 quadrillion, and that’s with a global GDP of $80 trillion. So, there is a disaster waiting to happen, and especially because all this created money has created no value whatsoever...
I always knew this would collapse, and it’s taken longer than I expected, but I think we are at the end of a major era...
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