The oligarchs and bankers will move to get their drop of blood from the masses (you and me) either by direct theft as in Greece, massive inflation or actual reposession of public, private and corporate assets. The SOB's gamble with our money, lose it and then expect us to bail them out while they remain exempt from prosecution.
Chapstick- I did not miss your point and I 100% agree with you.
My point in posting what I did is that the total amount of debt created in these various markets by the banks is such an absurd figure that it defies all logic. You can liquidate every asset in the USA to satisfy the notes to the foreign bankers and it wouldn't even come close to paying the on-paper debt.
This is precisely what happened in the financial meltdown in 2007/2008. Investment firms such as Lehman Brothers, Goldman Sachs, et al, were selling CDO's, Derivatives and other financial instruments that were worth, on paper, more than all the money that exists on the entire planet! This is why the financial system collapsed so quickly- it took only a 1-2% drawdown in the value of these assets to completely eviscerate the entire worth of the investment firm.
The entire world financial system is nothing but a fiction- it's numbers in a computer, and that's about all.