The global financial nuclear time bomb

Discussion in 'Economics & Trade' started by cjn3, May 11, 2022.

  1. cjn3

    cjn3 Newly Registered

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    David Landbrecht likes this.
  2. cjn3

    cjn3 Newly Registered

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    There are no stupid trades for them. If they lose to much taxpayers must pay. To big to fail.

    Socialism for the rich. :roll:
     
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  3. David Landbrecht

    David Landbrecht Well-Known Member

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    This has been the problem with derivatives all along. Not only approving of but also allowing the insuring of gambling (which is what derivatives basically are) was a dismal capitulation to avariciousness.
    The problem is that we all accept the reality of "their" game. "We" don't need "them" and their silly game of bean counting and hiding. If "their" system failed tomorrow and "they" lost everything yet common people simply continued with real, essential work (wealth production), we could forget about "them". They would just have to do without their Lamborghinis and caviar.
     
  4. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    You think it's regulation that will solve the problem?

    Sometimes Central Bank ("the Fed") intervention is what causes the problem.
     
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  5. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    So basically the financial services industry creates a product that is some complex people can't understand it. And then speculators pour in because it seems to be increasing in value, more than anything else.
     
  6. (original)late

    (original)late Banned

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    It can help.

    But it needs to be politically independent.
     
  7. David Landbrecht

    David Landbrecht Well-Known Member

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    Insuring a gamble is antithetical to sane finance.
     
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  8. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    That's a very interesting statement. Someone could write an entire book about that, with that one statement as its thesis.
     

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