The Quadrillion Dollar Powder Keg Waiting to Happen
Posted October 13th, 2008 by victory
output
Derivatives at the heart of the cirisi, catastrophic losses are inevitable, financial system headed for oblivion, the new world disorder, EU dumped, credit default swaps at the heart of the problem, Plunge Protection Team history, coverup for global civilization failure, bloodbath for the Yen.
The heart of the current crisis is the quadrillion dollar plus derivative market. Roughly half of this derivative market are listed on the exchanges, but the other half are totally opaque, poorly documented and mostly naked (no reserves or collateral given to secure performance) OTC derivatives market. Whole article www.theinternationalforec...
It is this powder keg that has everone trembling with fear and foreboding because the inevitable losses will be catastrophic, with losses which may exceed the entire worlds GDP----
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I love Bob Chapman
I am not good at creating forums, but I hope one of you will get this out about Obama having been born in Mombassa, Kenya
http://noiri.blogspot.com...
One way to invest locally.
If you have a local farmer who raises beans and you buy those beans you are invested in his business. But instead of giving you paper as would those at the stock market, he gives you beans. This is called buying.
Now try investing with this approach; A farmer may produce milk or meat, and of course you can''t store all the milk or meat you consume in a year all at once, but if you were to pay in advance to recieve a fixed amount of milk or meat over a period of time, then the farmer bypasses the need to go to the bankers and can use your advanced purchase to buy equipment or fertilizers, pesticides and seeds.
Of course it requires that you be a good negociator, but with a little practice you can do this with most of your services, your local barber may sell you a years supply of haircut coupons, or the lawn care company who cuts your grass.
Don't say it can't be done, it just requires people to think. Of course those who have much more to invest will have to be even more creative, but it is a lot better than holding paper, isn't it.
grant
Why doesn't everyone
...just agree to wipe out current debts and start again? It seems really funny to me that people would be worried about the total debt exceeding the value of all nations economies. It is an artificial invention, so why are people so worried about it. I'm laughing as I type this too...maybe it is the aliens we are owing the money to, and if we don't pay them....well, they are gonna show up tomorrow and break some legs? Hehehehe.
The Retrocon
Hope for America, Ron Paul for President in 2008!
So if all debt is wiped away....
...that means that my mortgage is gone along with everything else?
The Retrocon
Hope for America, Ron Paul for President in 2008!
this is what will happen
this is what will happen wether we like it or not!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
What?
All debt forgiven or our legs getting broken. I like the all debt forgiven part ( our personal debt) as it could be looked at as fraudulant and unconstitutional by the FEDs to begin with and it makes more sense than bailing out the financial intstitutions. While they are at it they can get rid of the IRS and bring all of our troops home too. Think of the money that would be pumped into the system. Oh wait, that plan would not fit into the NWO agenda, sorry, scrap it.
Right....
...they should just say...look, all everyone. Enough is enough. Time for a do-over.....restarting 3-2-1 now!
The Retrocon
Hope for America, Ron Paul for President in 2008!
but you have to think what
but you have to think what would happen if something like this happens! '
you would have a systemic breakdown of goods and services..
do you have the means to live for 2 years without a grocery store? with out a gas station? what about social chaos for all those who choose not to take precautions! this leads to much bigger problems socially!
\"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
No, I mean this...
...we just say, as far as we are concerned, all debts are gone. We are starting again now from the standpoint that all debts no longer exist, and it will be business as usual.
The Retrocon
Hope for America, Ron Paul for President in 2008!
how do you start again.. the
how do you start again.. the dollar is trashed.. you would have to have money to start back up...
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
That is ok----
a new currancy backed by gold and forgive the debt and of course it goes without saying get rid the NWO leaders and lackeys.
Does anyone know if the IMF move this weekend has loosened
credit? The markets are emotional (high right now), but if credit does not loosen, it's still a major main-street type problem.
One self bump
Fedor-fashion, because this is an very informative article about what is going on NOW so others can read it later before it falls into oblivion.
is there a time limit on derivatives?
are they due soon ?
This is why it is so
This is why it is so important to invest in small local farms, use them as you bank, keep them from being sucked up by large corporations.
grant
Grant, you are so very
Grant,
you are so very right! things will be much more localized in the near future!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
This is why I am slowly
This is why I am slowly taking my money out of the bank and investing is real assets.
grant
Youl'll want to
keep enough to pay taxes - remember, we don't actually own anything!
Interesting site... Thanx for the link.
Reading some now, and (so far) it looks like they do a good job of explaining the derivative stuff in plain English (something rarely done).
You are welcome
Lots of info on everything in this article. Really bad news with a silver lining as I see it. The article is very long, so it would be nice to keep it up here so others get a chance to read it. We are all being diverted from what the real problem is and how many will figure it out?