1 posted on
02/07/2011 1:08:06 PM PST by
FromLori
To: FromLori
Lori, Link doesn’t work but the article sounds accurate.
2 posted on
02/07/2011 1:12:33 PM PST by
happydogx2
(If you can't "Live Aloha" get a puppy. It's the next best thing to lighten your heart.)
To: FromLori
But I thought he was supposed to be a genius at preventing great depressions?
To: FromLori
FOOD, GUNS & AMMO, EXTRA CLOTHING, TOOLS, SILVER, GOLD (Get ‘em while you still can)
7 posted on
02/07/2011 1:20:54 PM PST by
oneolcop
(Lead, Follow or Get the Hell Out of the Way!)
To: FromLori
Idiotic article. “Derivatives” are zero sum. They are economic non-events because the same money remains in the overall economy.
9 posted on
02/07/2011 1:24:28 PM PST by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: FromLori
Debt Deflation on Steroids.
15 posted on
02/07/2011 3:28:15 PM PST by
Mariner
(USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
To: FromLori
the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION. A lot of this is pure hype garbage! Let's see, I am a bank. I have 1000 short soybean contracts and 1000 long soybean contracts on my books. OH MY GOD! A NOTIONAL VALUE OF 2000 contracts X 5000 bushels/contract X the current price of soybeans. THAT IS A BAZILLION!
No not really, the bank is flat, the contracts offset each other.
16 posted on
02/07/2011 3:34:52 PM PST by
MrDem
(Founder: Democrats for Cheney/Palin 2012)
To: FromLori
$223.4 Trillion owed to banks - $223.4 Trillion owed to other banks = $0
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