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Old 12-31-2008, 08:39 PM   #8
alyscat
Avalon Senior Member
 
Join Date: Sep 2008
Location: Washington state
Posts: 743
Default Re: You Must Choose Soon part 2

I think the problem is even deeper than that Stiros(not that the Fed or the Central Bank is blameless). It's the derivatives. It's banks (and people) trying to increase their income based on gambling on the derived value of an asset - and then selling that derivative to someone else, and that someone selling it to someone else. Enough banks/retirement funds/people do that, and you've got a problem, if the asset doesn't achieve it's anticipated value.

And as long as derivatives are not addressed, as long as the banksters are allowed to continue playing that game and money is fed to them to do so, we are in deep kimchee.

One of the best description of how derivatives work was done by George Ure, but I can't find it right now on either of his websites.

alys
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