A $516 trillion derivatives 'time-bomb'

Most markets have something behind them. Central banks require reserves – something that backs up the transaction.

But derivatives don't have anything – because they are not real money, but paper money.

http://www.independent.co.uk/news/business/ne...

This system has core flaws, now that "confidence that hid that has gone" all core flaws stand out exposed.

Tax cuts for Rich and get loans from china , Japan etc..to make up for it, over last 30 years must stop.