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There is currently $600 trillion in derivative positions on a global economy of $60 trillion
InvestmentWatchBlog ^

Posted on 10/25/2011 4:54:18 AM PDT by alexmai

There is currently $600 trillion in derivative positions on a global economy of $60 trillion. Not a problem eh?

The “cause” is the BANKS lootin and pillaging.­They deliberate­ly helped Greece hide its debt.

The “problem ” was the US allowed the banks to defraud the western world.

Finance Superstars Talk About the Massive Fraud in Our Economic System

Nobel Prize-winn­ing economist Joe Stiglitz stated how reducing transparen­cy and hiding informatio­n was an essential element to the crisis. Stiglitz concluded, “Innovatio­n was regulator and tax arbitrage Wall Street and the banks deliberate­ly added opacity and complexity to confuse clients and consumers. ”

(Excerpt) Read more at investmentwatchblog.com ...


TOPICS: Business/Economy; Politics
KEYWORDS: barneyfrank; davidgregoryswife; dnccorruption; dncrico; dodd; iag; noaccountability; nohonesty; nointegrity; notransparency; notruth; sharia

1 posted on 10/25/2011 4:54:22 AM PDT by alexmai
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To: alexmai

Nobel Prize-winn­ing economist Joe Stiglitz stated how reducing transparen­cy and hiding informatio­n was an essential element to the crisis. Stiglitz concluded, “Innovatio­n was regulator and tax arbitrage Wall Street and the banks deliberate­ly added opacity and complexity to confuse clients and consumers. ”

Rats like to operate in the dark. We need to eliminate the international banking system. It is designed to steal from people and nations.


2 posted on 10/25/2011 4:58:58 AM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: alexmai

Hey, at least it’s a business environment unfettered by government regulation.


3 posted on 10/25/2011 5:02:12 AM PDT by Wolfie
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To: alexmai

Somehow I doubt this was all “the US” fooling the rest of the world.

If all those international bankers are so dumb why are they so rich?


4 posted on 10/25/2011 5:05:11 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: alexmai

“Money” = medium of exchange AND store of value.

The “cause” of the current crisis is the gradual abolition of real money between 1913 and 1971, and its replacement by credit.

There will be no end to the crisis until real money is again made available by governments. In the case of the US, only Congress has the power to coin money and regulate its value.

Eventually, a Congress will come to power (one way or another) that will do its job.


5 posted on 10/25/2011 5:05:46 AM PDT by Jim Noble (To live peacefully with credit-based consumption and fiat money, men would have to be angels.)
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To: alexmai

C’mon!! What could go wrong, and how bad could it be?


6 posted on 10/25/2011 5:07:00 AM PDT by Darteaus94025
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To: freedomfiter2

When it gets to a quadrillion then ther should be cause for concern!


7 posted on 10/25/2011 5:11:08 AM PDT by jimmyo57
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To: Darteaus94025

C’mon!! What could go wrong, and how bad could it be?

You forgot LOL!


8 posted on 10/25/2011 5:12:29 AM PDT by wita
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To: alexmai

The stage is set for the engineered collapse of the west so it can be reorganized by the socialists into a single economy.

The islamists have the middle east, China has Asia and nobody wants Africa.

These three powers will rule the world....and eventually fight it out for domination.


9 posted on 10/25/2011 5:18:11 AM PDT by Erik Latranyi (Cain for President - Because I like the content of his character)
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To: silverleaf

They’re far from stupid. Remember, they got a trillion dollar taxpayer bailout and STILL managed to pass out million dollar bonuses. That, my friend, is smart.


10 posted on 10/25/2011 5:22:43 AM PDT by Wolfie
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To: Erik Latranyi

Oceania vs Eurasia (Islamists) vs East Asia (Chi-Coms)


11 posted on 10/25/2011 5:32:15 AM PDT by MinorityRepublican
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To: alexmai
If this were your typical Las Vegas gambling debts, most of the participants would be six feet under by now.

Why are these people still breathing?

12 posted on 10/25/2011 5:34:39 AM PDT by wolfcreek (Perry to Obama: Adios, MOFO!)
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To: alexmai

Hummm...Let us see how many seconds of time 500 trillion would take to pay off if a dollar a second were the was the scheduled method of payoff...And then of course there’s the interest.

A trillion seconds of time = 32,000 years X 600 = ? Well you do the math...


13 posted on 10/25/2011 5:52:15 AM PDT by mosesdapoet (To punish a province let it be ruled by a professor Fredrick The Great paraphrased)
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To: mosesdapoet

Opps that’s supposed to be 600 trillions not 500. Well as Sen Everett McKinley Dirksen used to say well a trillion here, and a trillion there, pretty soon your talkin real money ......


14 posted on 10/25/2011 5:57:25 AM PDT by mosesdapoet (To punish a province let it be ruled by a professor Fredrick The Great paraphrased)
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To: Wolfie
Dear Wolfie:

It was FedGov regulation that caused this mess, by shifting the obligation from those taking the risks onto the backs of the American taxpayers.

When Uncle Sam guaranteed all those risky loans and toxic mortgages, they ceased to be counted as risks. Uncle Sam's perpetual money machine guaranteed them as ASSETS, which were then traded and sold throughout the world.

Our great Social Experiment lead to the collapse. That, and a rise worldwide of cradle-to-grave Socialist Government.

15 posted on 10/25/2011 5:59:50 AM PDT by TheWriterTX (Rock you like a Herman Cain 2012)
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To: alexmai

I am a derivatives trader. Anybody who speaks ill of them needs to deal with me.

I am also a conservative.


16 posted on 10/25/2011 6:00:29 AM PDT by impimp
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To: alexmai

The ‘notional value’ of derivatives is meaningless.

If I bet you $1 that the Dow will go down tomorrow, the notional value of that derivative is billions of dollars, the total price of the trading in the 30 Dow stocks. However, the most I can win or lose on this bet is still $1.


17 posted on 10/25/2011 6:27:29 AM PDT by proxy_user
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To: impimp

What about the 75 trillion in derivatives at Merrill Lynch being moved to Bank of America so that they will be covered by the FDIC?


18 posted on 10/25/2011 7:13:34 AM PDT by twigs
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To: proxy_user
The ‘notional value’ of derivatives is meaningless.

I've tried to explain that before. It's pointless. Big number, bad. LOL!

19 posted on 10/25/2011 8:00:24 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: alexmai

The fed came into the deleverage process too early and I think we will have many more recession more often in the near future until this derivative drop to a reasonable level...


20 posted on 10/25/2011 3:50:11 PM PDT by alexmai
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To: twigs

And what about the thousands of people killed around the world each year as a result of choking? Don’t you agree that it is time that we ban food?


21 posted on 10/25/2011 8:36:56 PM PDT by impimp
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To: alexmai

Why? What do derivatives do that causes recession? Be specific.


22 posted on 10/29/2011 4:40:04 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

read this: http://investmentwatchblog.com/whats-a-derivative-why-the-fed-doesnt-want-you-to-know-about/

I think it will answer your question


23 posted on 11/11/2011 6:05:28 AM PST by alexmai
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To: alexmai

You can’t cut and paste the part about derivatives causing a recession?


24 posted on 11/11/2011 11:10:58 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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