This article talks of the layers of debt and derivatives all built on a base of fiat currency, itself nothing.
Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else | ZeroHedge:: www.zerohedge.com/news/why-uk-trail-mf-global-coll...jeffe
http://chumly.com/n/e81651
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