Greek Tragedy/CatastropheArticle found at - https://kingworldnews.com/greece-is-the-model-for-a-catastrophe-that-is-about-to-engulf-the-world/ ""What we have to remember, Eric, is that a Greek default would not just lead to 320 billion euros disappearing from the system because the lending banks and institutions are all levered up to 50-times that amount. But even if we only take a figure of 20-times leverage, it would mean that over 6 trillion euros would disappear out of the system. But the carnage wouldn’t stop there. A lot of the world’s $1.25 quadrillion of derivatives would be directly affected by a Greek default. This would have a dramatic impact on interest rates, credit risks and volatility in the system. We would see disastrous losses in the global derivatives market. "