Proof: US Government Is Owned By Corporations
Posted by admin in Finance Sunday, 9 May 2010 13:19 25 Comments
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Samuel Adams said,
‘When the people fear the government they have tyranny, when the government fears the people they have freedom.’
I’ve known C.D.S. was the issue since Freddie Mac went under.
I’m sure they do too. They don’t care. We are in the stage of our financial evolution where the haves will pick the bones of our nation clean and fly away from the bleached bones.
Your answering a simple question would tell me a lot:
“Does a bank loan increase money supply?”
Do you know that?
I already said you are a waste of time, but this would tell me, if you are indeed an idiot.
You are a waste of time, man. I’ve had enough. If you don’t understand what I write,and you make an argumentation based on your illiteracy… what can I do…
Are you and idiot?
I said “There’s ALWAYS been a bubble in house prices”. You said it like it was something new, some new phenomenon that created this economic crisis.
Seriously. You are unable to read with understanding. Do you understand the word “always”? You seem to have problems with semantics.
Are you capable of understanding implications?
Lets summarise.;
Banning all CDSs – stupid.
Banning all derivatives – stupid.
Higher capital requirements / more regulation on these derivatives – beneficial.
Banning all speculation by deposit taking banks – beneficial.
Job done. Now if you go back and read what I stated in my original post, it’s pretty much the same thing.
I’m done with your bullshit, FKAN. I had enough of your passive aggressive insults and intellectual dishonesty. Go over my posts and try to learn something, and take my recommendation and pick up Hull’s book.
If you are prepared to be intellectually honest, then feel free to PM me, I’m always up for a mature, well educated and honest debate.
Take it easy.
First…
Let me check something. Do you know a basic thing. I don’t know if you are intellectually capable.
Does a bank loan increase money supply?
lol what? You just asked me how come I didn’t know there was a bubble in house prices, after I said there was a bubble in house prices.
I couldn’t help but laugh at that comment, that was just retarded.
Yeah, absolutely, AIG sold a shit load of CDSs and got in serious trouble when they were called. No disagreement there.
I repeat the talking point of the huksters? Really? Show me the senior I.Bankers pushing for higher capital requirements. More BS.
The housing bubble (and those crazy CDO’s) was just a TRIGGER of the collapse. The real problem came with CDS’s. That’s why AIG and Wall Street bank were about to be annihilated. The collapse of the house of cards was triggered by loosening just a few cards (subprime mortgage).
You just to repeat the talking points of the hucksters and their defense lawyers.
That’s the whole point about the issue!!!
What?????
“The bubble was in house prices”
There’s always been a bubble in house prices. That’s how the system works. How come you don’t know it?
So you would ban the issuing new CDSs??
So companies from now on, wouldn’t be able to hedge credit risk??
I did not know what money supply was?? Lol, can you show me one quote from me that defined money supply wrongly?
I can show a quote from you;
“Existence (!!!) of CDS’s is nonsensical. Derivatives are a way to increase money supply to the point of creating disaster.”
geez.. I have already written why they can’t go off the CDS’s now (they can still ban issuing new ones, but they don’t want to lose the empire). it’s too late. it would be stopping the building of the house of cards in the middle. You can’t go back without declaring bankruptcy.
Read again my first posts.
I’m saying how crooked and dangerous the system is.
You have a lot of insolence. I wasn’t factually wrong. YOU did not know what money supply is, for instance.
LOLLL I dont know what money supply is??? Jesus Christ, you just talk shit. You said in a previous post that CDSs increase money supply – this is wrong, outright falsity.
I’m just astounded by your dishonesty, it’s astonishing. Clearly an honest intellectual debate about the issues is not what you are looking for.
“If you use this kind of insurance as asset, you expand the bubble, the house of cards”
I have no idea what you are talking about. The bubble was in house prices not CDSs…
No, what caused the crash were CDOs, CDOs squared, etc. What happened – they were far too complex to value effectively (CDSs are not complex at all), they were highly rated by ratings agencies. Retail banks would sell mortgages like mad because they sold them on to investment banks who sold it on to investors.
-I don’t say it’s complex. It’s so simple that people overlook the crooked nature of it.
-Once again. You think it’s not complex, but you don’t understand it at all.
You don’t understand the money creation process. You didn’t know what money supply is. You didn’t know that loans increase money supply.
Understand the fundamentals. Then we can go to derivatives.
No, you outright said all derivatives, if you want to take back your statement of banning all derivatives. I have no problem with that.
“It’s about those who sell CDS (insurance) without the capital necessary for the potential payouts and without regulatory oversight.”
Jesus, I have said this from the get go! I said CLEARLY that there must be capital requirements. You on the other hand suggested banning CDSs outright! Which we massively increase credit/defualt risk.
If you use this kind of insurance as asset, you expand the bubble, the house of cards.
Do you even understand what we are talking about?
Why did the crash of 2008 happened?
it’s because the house of cards created with CDS’s (nonexistent assets) must eventually collapse.
That’s the danger of derivatives.
You haven’t shown any connection between FRB and derivatives, I can only assume you don’t have one. (Btw, you seem to think there is something complex about FRB, there isn’t.)
There would be no inflation?? What?? Why??
Lol. Bankers would need to get a real job? So, making sure your savings get enough return to stave off inflation – isn’t important? Or how about processing payments so you can buy stuff? Idiocy, nothing more an attempt of passive aggressive insult – childish. Grow up.
I meant mainly CDS’s, of course.
Your example doesn’t change anything. It’s not about buying insurance. It’s about those who sell CDS (insurance) without the capital necessary for the potential payouts and without regulatory oversight.
If they have liquidity to pay up, they can do whatever they want. But they don’t.
Supporting bets with CDSs? Where? In my very 1st post I said it would make sense to ban them. Again and again, you just talk shit. I can’t count the number of times you’ve been factually incorrect.
Using a lottery ticket as an asset is simply moronic / using it as an evaluation of someone’s wealth – agreed! But guess what, it’s still an asset.
You are going off on unrelated tangents. Do you now realise why we can’t ban derivatives outright, and there is a place even for CDSs for hedging risk?
“I didn’t say you can “treat” a lottery ticket as an asset, I said a lottery ticket IS an asset”
If something cannot be treated as an asset, it’s not an asset in economy.
What the hell are you? An idiot?
We are talking about economy. A piece of rock can be treated as an “asset” by a 5 year old kid.
But it’s not an economic asset. He is not gonna get a loan on that.
Bullshit, bullshit and more bullshit.
I’m just a clerk? Please, you don;t even have basic facts right and you want to insult me?
Fundamental ideas? lol, you get the facts wrong, you fundamentals are wrong.
Assets is anything of value – this is non-negotiable. Whether or not they “produce” something is irrelevant. eg A cow is an asset, it produces milk (another asset).
You really have no intellectual honesty what so ever. Nothing worse than an arrogant & ignorant idiot.
Once again: money supply. Read again about that. That’s not just printed dollars.
“What has fractional reserve banking go to do with banning all derivatives” ?
Everything. You must learn what the money creation is, first. You don’t know that.
Thats the fundamental idea. Before you have learn it, you cannot understand the system.
-”would lose value due to inflation”
There would be no inflation then.
But banking business would obviously be different and not as profitable. Bankers would need to get a real job.