Excellent post, Jason.

> with a little left over for Obama’s vacation budget.

**Ziing!!!** Heheh

> If the bond market tanks, these derivative plays will all start to unwind, unleashing carnage on the world’s financial markets.

This is the part I appreciated the most. You explained the relationship between bonds, interest rates, and derivatives very well here. I think it's a complicated thing most people don't understand and, frankly, aren't motivated to understand. If this thing does unwind, I hope humanity will be ready to jump to something new very quickly (cryptocurrencies?) to keep some liquidity within the economy.