Financial Armageddon

I am really not that well versed in financial subjects but what really struck me was the figure -- 440,000,000,000,000. I only imagined this figure as bits maybe, but dollars, or any currency for that matter is amazing! I'm really interested in this -- what do you mean exactly by -- the world would be bankrupt and revert back to the stone age? How will that happen?

Hey Sigma, I thought the S.E.C. capped leveraging percentages a few years back. Not that one nation's actions could avert a collapse begun elsewhere. With a global economy, we would all feel a domino effect. I hate to say it, but as helpful as the stock market is, it really equates to one big casino. And, the more idiots who get into the market, thinking that they're gut knows best, the greater the risk to us all is. As an aside, I'm actually beginning to question the sanity of allowing crude oil to be traded on the commodity markets. Crude represents a substance directly related to national security. Yet, we have idiots betting that crude will jump to $300 per barrel. And, their 'bets' are largely responsible for our nearly $100 per barrel charges now. A bookie wouldn't take the bets that are placed in commodities trading, so why the heck do other traders? Our whole interational fiat paper money system is a very, very dangersous sham. And yes, it will eventually crumble.