[Keith_McClary]

$this->bbcode_second_pass_quote('OilIsMastery', 'D')erivatives aren't going away. As long as there are commodities and human beings to trade them there will be derivatives.

[TommyJefferson]

$this->bbcode_second_pass_quote('Keith_McClary', '')$this->bbcode_second_pass_quote('OilIsMastery', '<')/div>

[Pretorian]

$this->bbcode_second_pass_quote('Roccland', '
')
Got bunker?

[OilIsMastery]

$this->bbcode_second_pass_quote('TommyJefferson', '')$this->bbcode_second_pass_quote('Keith_McClary', '')$this->bbcode_second_pass_quote('OilIsMastery', '<')/div>

[OilIsMastery]

$this->bbcode_second_pass_quote('Roccland', 'G')ot bunker?

[Judgie]

$this->bbcode_second_pass_quote('OilIsMastery', '')$this->bbcode_second_pass_quote('Roccland', 'G')ot bunker?

[Novus]

It is all funny money anyway. Just numbers in a computer not real wealth like the Pharaoh and his pyramid stuffed full treasure.

[Revi]

The problem is that that "funny money" is what they pay us in. We have to watch our pensions inflate away and have all of our savings evaporate. It's going to be a hard pull whatever happens. I think we're in real trouble now.

I wonder what a good strategy is for navigating the next 20 years. I say any port in a storm. Head for a walkable small town and live a very simple life. Cars are going to become unaffordable to the middle class soon. Mc Mansions are going to be unheatable and uncool. (literally) Inflation is going to break the middle class.

From where I stand it's scary to see the financial markets meltdown, but even scarier is seeing people who worked their whole lives go down with it. I just hope we're not among them.

[threadbear]

$this->bbcode_second_pass_quote('Tyler_JC', 'O')K, so you have no actual evidence of these trillionaires.

I am highly suspicious of anyone claiming to control several trillion in wealth.

Hedge funds have assets in the low single trillion, not hundreds of trillions.

Where are they hiding this wealth, exactly?

Unless you can show an independent assessment of these mysterious super wealthy string pullers, I'm going to throw that into the waste bin of conspiracy theories.


World's richest 1% own 40% of global wealth

40% of global wealth is about 50 trillion dollars.

That is distributed among ~65 million people...

Most of those folks don't know more than a few dozen other super rich.

How can they collaborate on issues of any kind of complexity?

[Keith_McClary]

$this->bbcode_second_pass_quote('OilIsMastery', '')$this->bbcode_second_pass_quote('TommyJefferson', '')$this->bbcode_second_pass_quote('Keith_McClary', '')$this->bbcode_second_pass_quote('OilIsMastery', '<')/div>

[Keith_McClary]

$this->bbcode_second_pass_quote('threadbear', '
')Tyler, the super rich are super networkers. They just do it in a way, and at a level that you haven't been exposed to.

[Zardoz]

$this->bbcode_second_pass_quote('threadbear', 'T')hey don't have to know each other. They don't even have to play on the same team, as long as they're all part of the NFL, to draw a comparison. They operate very similarliy to the national football league. Call it the "Elite National Union of Financial Force"

ENUFF players share the same goals, aspirations, point of view, and are united under an overarching body that provides structure. Each member, through his team, provides support for the entire network, that creates a positive feedback cycle. Some teams win, some lose, but that winning and losing, take on an entirely different form, through a large federation of interdependant groups...

...Tyler, the super rich are super networkers. They just do it in a way, and at a level that you haven't been exposed to.

[Resurrection]

$this->bbcode_second_pass_quote('OilIsMastery', '
')Is troll the word fascists use for anyone who disagrees with them?

[deMolay]

I read somewhere that JD Rockerfeller at his peak was worth 25% of the GDP of the USA. That is rich, what is that in today's dollar value. Makes Bill look like a churchmouse. Also most of the wealth of the Rockerfellers is hidden in tax free foundation's and spend that way. Beyond the reach of all Gubmints.

[threadbear]

$this->bbcode_second_pass_quote('Zardoz', '
')
This article is basically talking about the same thing that you are, isn't it threadbear?

The escape of the enablers

$this->bbcode_second_pass_quote('', 'W')all Street loves to talk about letting financial markets weed out the weak. But when the Street itself gets in trouble, it sticks out its little tin cup, asking for help. And gets it.

The subprime-mortgage-market meltdown is a classic example of the way small fry get devoured, but the whales of Wall Street get rescued. Here's the deal: People with crummy credit who took out mortgages are being allowed to fail in record numbers. The mortgage companies that made those loans are being allowed to fail.

The Street itself? It's bailout city. Even before the Fed made a symbolic half-point cut in the discount rate, it and other central banks from Switzerland to Singapore were trying to rescue the Street by injecting hundreds of billions of dollars into the financial markets and announcing they will put up more, if needed.