[deMolay]

I think this one is going to end badly. http://www.marketwatch.com/news/story/7 ... aspx?guid={024DB809-8506-4AA9-83BB-B053FD4E1C11}&dist=TNMostRead&print=true&dist=printMidSection

[eastbay]

Story not found

[SeaGypsy]

$this->bbcode_second_pass_quote('deMolay', 'I') think this one is going to end badly. http://www.marketwatch.com/news/story/7 ... aspx?guid={024DB809-8506-4AA9-83BB-B053FD4E1C11}&dist=TNMostRead&print=true&dist=printMidSection

[deMolay]

Amazing Seagypsy. If what you say is true the downward spiral just accelerated.

[jupiters_release]

SeaGypsy,

Link's still bad.

[SeaGypsy]

As I just found and edited how to find it. I will repeat:
Just click the 1st part of the link then search for the article titled "The 700 Trillion$ Elephant "

[vision-master]

B'jesus,,try this!
Linky......

[vision-master]

What ya smoken, nothing in this article about credit cards.

[SeaGypsy]

$this->bbcode_second_pass_quote('vision-master', 'W')hat ya smoken, nothing in this article about credit cards.

[vision-master]

$this->bbcode_second_pass_quote('SeaGypsy', '')$this->bbcode_second_pass_quote('vision-master', 'W')hat ya smoken, nothing in this article about credit cards.

[threadbear]

This is, by far, the biggest part of the meltdown story and it is getting very little attention because people don't understand the derivatives, credit default swap market.

Try this link:

http://www.democraticunderground.com/di ... =114x59460

Here is another really helpful link by a woman who studied this issue, on her own, for 3 years. She has described the gambling in a way we can understand.

Derivatives for Dummies--"Dandelion Salad" blog

"Imagine being able to insure a car that you don’t own or use. Imagine it’s the car your neighbors will let their teenage son drive, when he gets his license in a few weeks — and you know the kid is a reckless brat.

Now imagine that, by using financial derivatives called swaps, you can purchase as many insurance policies on this car as you can afford to pay premiums on.

When that car is eventually trashed and scrapped, you — and any friends you clued in on the deal - might collect millions, even billions, of dollars. By contrast, your neighbors, who bought real insurance on a real vehicle, get only its Blue Book value (and, one hopes, a chastened child)"

http://dandelionsalad.wordpress.com/200 ... ne-harris/

very scary, indeed. This is the fatal flaw that could have capitalist countries failing just like their communist counterparts, in the late eighties.

[deMolay]

I am afraid there is just no way except the old fashioned way. Let them completely fail. Lock up any that are crooks. And start again which would reverse our lifestyles or put them back 50 years or more. If you want something work and save for it. If you want to double your money fold it in half and put it back in your pocket. The big and the real elephant will be the violence and the social dislocation that this will bring. And the total collapse will have to come. Their is no way to avoid it, either you settle all bills or you will have to go back to barter and the gold standard because no one will ever trust fiat money again.

[SeaGypsy]

$this->bbcode_second_pass_quote('threadbear', 'T')his is, by far, the biggest part of the meltdown story and it is getting very little attention because people don't understand the derivatives, credit default swap market.

Try this link:

http://www.democraticunderground.com/di ... =114x59460

Here is another really helpful link by a woman who studied this issue, on her own, for 3 years. She has described the gambling in a way we can understand.

Derivatives for Dummies--"Dandelion Salad" blog

"Imagine being able to insure a car that you don’t own or use. Imagine it’s the car your neighbors will let their teenage son drive, when he gets his license in a few weeks — and you know the kid is a reckless brat.

Now imagine that, by using financial derivatives called swaps, you can purchase as many insurance policies on this car as you can afford to pay premiums on.

When that car is eventually trashed and scrapped, you — and any friends you clued in on the deal - might collect millions, even billions, of dollars. By contrast, your neighbors, who bought real insurance on a real vehicle, get only its Blue Book value (and, one hopes, a chastened child)"

http://dandelionsalad.wordpress.com/200 ... ne-harris/

very scary, indeed. This is the fatal flaw that could have capitalist countries failing just like their communist counterparts, in the late eighties.

[efarmer]

I think this is more of a Halloween type of affair. Knowing that
there exists one bowl of candy to give out and that there are
30,000 kids coming down the street behind them, the well connected
local kids have their jokes and yarns and their Trick or Treat bags
out and are going up to knock on the Capitol Hill and White House
doors. These smart ghosts and goblins know that the bowl will be
empty quickly and that the porch lights will then be promptly turned off.

You see we are really just waiting for the well connected folks to
empty the candy bowl before we declare Halloween to be a
wrap for this year / decade / century / incarnation / and so forth
and so on ...

Wait for the announcement that says the 700 Trillion Dollar Elephant has been declared to be a well orchestrated illusion, and that the Great Hunter and his entourage, have lowered the money cannons, and have
ceased firing at the gossamer effigy of said elephant.
(That's how you say the candy bowl is empty in Washington.)