As of June 30th, 2014, U.S. Banks are reportedly holding $303 trillion in derivatives:
The latest spending bill puts the taxpayer on the hook for the above derivatives. Of course Citibank helps Congress out by suggesting language for the Cromnibus Bill:
2015 may be a year of Black Swans. Keep the cupboard full so that if something ugly happens, you will be prepared. The “just in time” distribution chain assumes no unexpected events will occur so if people panic, it will take some time to restock shelves.
PS It is not important that you fully understand derivatives. I daresay many Congressman who voted for this bill have no idea either. This idea of hiding behind the “letter” of the law does not affect the outcome of unintended consequences. The banks may be the ultimate losers after all.