![](http://www.davidicke.com/images/stories/June20122/global_otc_derivativesjgfla_bis060312.jpg)
'The hits just keep coming and with $647
trillion reasons to worry, aka, the total notional derivatives now
outstanding as of Q4 in 2011 per the Bank of International Settlements
just released this afternoon and published officially on Monday. The
really, really good news is that our Federal Reserve has this completely
under control and the trillions of dollars in Credit Default Swaps
(CDS) and European Interest Rate Swaps will as always settle without
concern.
Right?'