The top five U.K. banks have $10 trillion of [debt] assets and their [UK] GDP is only $2.13 trillion. The whole country could fall into the ocean. The top five U.S. banks [debt assets] represent only about 60 percent of GDP by comparison. Source
What is the capital of Iceland?
Answer: $25
"asking an economist to predict the future is like asking the Christmas turkey what's for dinner on Christmas: based on its entire lifetime of experience, the turkey expects to be fed on Christmas, not to be eaten. As far as the turkey is concerned, Christmas is a black swan-type event." Source: Taleb
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