If you’d like to argue with Warren Buffet, who describes derivatives as economic weapons of mass destruction, maybe you’d best get him on the line to express your opinion. It’s doubtful you will change his mind or that of any person who has a grasp of the realities. He’s anything but a “right winger”, by the way. People who are very wealthy almost never base their monetary viewpoints on their politics, religion or anything outside the realm of the markets.
Other than that, why don’t you just keep your unsound opinions to yourself? Someone might actually believe you, to their detriment.
Maybe all of those professional economists know something qbout economics that you right wingers do not know... Among other things, they probably know that most derivatives are offset by other derivatives and/or by real assets.... The value of one set of assets goes up, and the value of the derivatives go down... Or vice versa! mostly, these derivatives are hedges designed to reduce business risks. they could lead to catastrophe... But it would not be the derivatives that would be the cause of the economic catastrophe... A derivatives blow up would be the result of a general economic blow up.... A stock or bond market crash caused by right wing republican economic policies, for example!!!
NEVER lost a single dollar in WYNN, NOT one single dollar..........more than I can say for all my POOR sweet SILVER RETARDO LOSERS and SILVER BORN FAILURES, duuuuuuuuuhhhhh????? ROFLMAO
you still alive? Thought you went broke with WYNN. I told you that turd would get sliced in half! Maybe you will get 20% of your losses back now. LMAO.
The area of Earth is described by: A=pi X D^2
Earth, in square inches described as: A= pi X ((8,000mi X (5280 ft/mi) X (12 in/ft))^2
Total Area in sq. in. = 807 quadrillion in^2
The area of a dollar is 2.5 in X 6in = 15 in^2
Number of dollars to cover the entire Earth is: $54 quadrillion
Total derivative debt is, according to some sources: $1.2 quadrillion
Therefore, were those dollars to cover the surface of the Earth, they it would be 2.3% of the Earth’s surface. In terms of land mass, that is 7%. But laid end to end these dollars are well on their way to the nearest star, measured in light years.
Does anyone have a problem with this as they listen to the giants of finance (such as Janet Yellen) postulating that all is well in the economy? Did those in the central banks and politicians ever pass simple grade school math? What did they learn (or unlearn) as they obtained their “advanced” degrees?
Did they take courses in psychology and get a grasp of what is defined as “insanity”. How about those in the mainstream media who hold similar views and also passed through the hallowed halls of Ivy League schools?
How about all the elite of the “western” countries? Apparently their thought processes are quite similar. Does the magnitude of their greed ever cause them to worry about the consequences?
Or, giving these creeps the benefit of the doubt, is this stealth murder; since they believe they are in control of all militaries and have arranged for their safe accommodations when the lid blows off, regardless of country of origin? They have openly stated there are just too many humans on Earth and they are the designated exterminators, which still questions negative outcomes for them they have not considered. Do they really think they can remain safe when more than a billion people die as a consequence of the failure of counterfeit mediums of exchange?
Baltimore is just the beginning of seemingly disconnected displeasure.
ALL these WORTHLESS golds/silvers NO longer offer a speck of flight to safety value....the entire gold/silver sector is about to CRASH to ZERO by Summer, at the latest....very much DESERVED! Have you every met a gold/silver corp exec? Or a gold/silver trader? Or a gold/silver analist? Or a gold/silver fund manager???? THE MOST RETARDO BORN LOSERS OF THE WORLD, only matched by the FAILURES who occupy the FATALLY WOUNDED rare earth sector!!!!! The kinds of BOOBSTERS who could never get a REAL job so they ended up in the NO TALENT sector of golds/silvers and rare earths!! Or haven't you figured that out yet? Duuuuuuuuuuuuuhhh??? ROFLMAO
The Baltic Dry Index continues to plunge, putting the lie to the governments statistics of a recovery. All the various parameters used to measure performance are heading into negative territory.
Meanwhile Bloomberg, which we use because thet have (had) a very good chart for the data points over different time spans, has blocked access. Since Bloomberg tends to support government statistical lies when possible, blocking access to this index is an interesting foray into slanting statistics in favor of other more favorable but questionable indicators, such as the unemployment rate showing a statistical drop into the 5% area in Soviet style propaganda. (This comment should draw out all of Obama’s socialist supporters to thumb down these comments.)
If you want to access the Baltic Dry Index chart see StockCharts at $BDI. They don’t have a political agenda to support in favor of the Obama administration.
May 7t-8th thequarterly report comes out after the bell. my thought is if the donot blow it, and speak with reasonable confidence the shareprice could very well rise above$21.75.what say you?
I am 69, at age 12 my old man got me a work permit and my older brothers paper route was passed down to me. I got into coin collecting and amassed a small collection from circulation. 743 1943 steel pennies . 240 buffalo nickles. I had all ready quit when the clad coins came along but I do not think silver will go to 50 cents. It was more than that when they went to the clad coins. My weekly bill was about $22 a week and you had to take your coins to a neighborhood grocery and convert to paper money to pay your bill. Treasure your memories of today because things will change over the next 50 years.
But you can be sure the central banks made tons of money; while funding both sides, before and after with reparations and introducing loans for the outsourcing of American jobs to places like Viet Nam.
It’s the same story over and over. People just don’t seem to get it. Fiat money (counterfeit) is behind every anti-social event in human history to plunder the unwary into even sacrificing their own lives to line the pockets of the banksters. It has been the basis of the Rothschild’s fortunes in banking.
As Frederic Bastiat said: “When goods cannot cross borders, armies will.”
And as Henry Ford said: "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning". And we would add that such a revolution would see a lot of central banksters hanging from ropes after short worldwide public trials putting an end to the death experienced by military personnel, regardless of country of origin.
Wars are money makers in which the naïve buy governments’ propaganda to become involved expending their lives as others in the financial arena and the military industrial complex rake in billions.
Let’s start putting the causes of conflicts where they belong. How can any inhabit precious metals message boards without knowing at some level what these causes are? Do people starve because the money they use is fiat or specie? What is the origin of fiat money? Why is fiat money ALWAYS introduced? Will people EVER wake up? Or will those of us who understand this process always have to shake our heads in disbelief at the stupidity of most others.
So.... What you are telling everyone is that you have no idea how to trade stocks! Maybe you should put your wal-mart wages into something more secure, like short term us treasury bonds!!! even total idiots can make at least some money by investing in those, and you can even help fund the tax cuts of the billionaires who own all of the gold and silver and the stocks and bonds thereof! those guys know how to make money by ripping off the government and the public... Obviously you do not!
Seems like whenever I add to my position in a stock a Shelf comes a few weeks later. Hopefully they announce a deal soon and have a great earnings report
I certainly understand your dilemma; too broke and too dumb to be able to purchase even
the most basic investments to a more secure tomorrow, you lash out at what is unattainable
to you. Like the fox, unable to reach the sweet grapes on the vines, decided that just as well,
since the grapes most likely are sour anyway. Now, have another beer and turn on the TV and stop commenting on subjects way above your level of comprehension.