Let's say that there's 5,000 of credit card debt.

Because that's essentially what a credit default swap is, it's insurance on debt.

Now when I say credit, you've got to think about debt, because basically they're mounting debt that you will be responsible for.

This is what it looks like, essentially, this credit and debt system, just for the U.K.

Credit

Give credit where credit is due.

What debt?

Gambling debt?

We strike debt!

We would look the other way when Bear Stearns is creating collateralized debt obligations, or AlG is writing credit default swaps.

But this is debt. 80 million of debt right here.

Market

Credit Card Tracker

Please, to credit.

Cash or credit?

And your credit...

Credit cards? Yes.

What credit card?

My credit Card.

Lots of credit card debt, huge environmental footprints, and perhaps not coincidentally, our happiness levels flat lined over the same 50 years.

The troll market! The troll market?

And even within the debt, you'll have different layers of debt.

So let's see if we can get a big picture of everything that's happening in this credit default swap market.

He ran into debt.

He guaranteed my debt.

'We are debt loaded

Well, what about debt?

This is the debt.

We have the debt.

Now debt is interesting.

He had no debt.

I had some debt.

Our debt kept growing.

I've paid my debt.

And it's called debt.

You can issue debt.

It's the debt holders.

Thus the national debt.

You're in debt? Yes.

Mickey's more in debt.

I'm in your debt.

Credit card companies are not looking so hard at credit ratings.

Don't buy on credit.

Your credit card, please.

Give me some credit.