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CDS Industry: Zero Sum Game or Ponzi Scheme?

When the author asks a question like "where does the missing 500 billion come from?" he clearly reveals that he simply doesn't understand what zeroe sum game actually means.

I wonder what is source of the statisitc quoted "A vast majority elect to double down", my hunch is his feversih imagination.

Bottm line, this article article' conclusion (CDS is not a zero sum game: it is a negative vortex of speculative activity – a huge Ponzi scheme,) is sheer unadulterated rubbish. What pure nonsense!

Don't be scammed by the pretzel logic of articles like this!