Casino Royal

[Skybird]

My goodness - is that sweat...?

Maybe two hotties is one two much.

[Skybird]

Eight years...! Does this set a new record?

[Jimbuna]

Just a SPAMMER from the Ukraine popping in to say hello.

[Platapus]

That's .. uh.. quite the shirt Craig is wearing.
Definitely a shirt that makes a statement.

[Kapitan]

Skybird i think a film called the big short might interest you, i have seen it a couple of times myself its quite good.
https://www.imdb.com/title/tt1596363/

With reference to the markets (i do use them) there is so many financial creations are we even sure what we are buying? the capitalist system thrives on debt, in fact it wasn't until the Nixon era that America's economy de coupled from a gold standard (the UK abolished this in 1931)

So what is it today? well today we don't have money (the term is misappropriated) in the traditional sense, money is an item which can be traded for something else, we use currency.

Our currency is not backed by any tangible asset such as gold or silver, it is merely a medium of exchange, its a piece of paper / metal / plastic bearing a promise to service a debt so basically were walking around with a bunch of government issued IOU's. (top of any UK bank note it says " I promise to pay the barer the sum of")

Banks make their funds by investing the IOU's into projects and markets for a return of even more IOU's but here's the catch, when we go into a Bank and buy a house we put down a deposit of IOU's and the bank lends us more IOU's to buy an tangible asset, we just have to pay each month.
The bank then packages these mortgages up throws them into a clearing house and credit agency re packages them and sells them as securities.

The bank then hedges and buys a credit default swap against the mortgage them sells it in other swaps.
So you see the entire system is some what convoluted but that is just one aspect of the market.

I have slowed down trading over the last few years now its more just playing with loose change so its not a massive thing for me any more, I have been using the stock markets since I was 14, yes ive made money yes i have also lost money.

Personally I prefer trading commodities (specifically Gas, Oil, Gasoline, Corn and Their options) and using stocks as a long term backing to build equity in the platform.
I trade using a CFD (contract for difference) it isn't the best but as a retail non professional trader unfortunately its one of the few places out there that the ordinary man can trade without the Hassel of going through a broker and have tens of thousands invested.

Can I see where JP Morgan went wrong to loose $2bn yes absolutely, the markets have been volatile recently and the worst bit is there's no let up, on the flip side though the nice jump in oil the other day netted me a nice profit time to flip it.

[Skybird]

Originally Posted by Kapitan

Skybird i think a film called the big short might interest you, i have seen it a couple of times myself its quite good.
https://www.imdb.com/title/tt1596363/

I keep my eyes open for it, thanks for the headsup.

With reference to the markets (i do use them) there is so many financial creations are we even sure what we are buying? the capitalist system thrives on debt, in fact it wasn't until the Nixon era that America's economy de coupled from a gold standard (the UK abolished this in 1931)

So what is it today? well today we don't have money (the term is misappropriated) in the traditional sense, money is an item which can be traded for something else, we use currency.

Our currency is not backed by any tangible asset such as gold or silver, it is merely a medium of exchange, its a piece of paper / metal / plastic bearing a promise to service a debt so basically were walking around with a bunch of government issued IOU's. (top of any UK bank note it says " I promise to pay the barer the sum of")

Its not wrong to have a currency like this that is used for trading interactions, or bartering if you want, it makes it easier and frees us from the need to have items and goods and tiny silver bars carried around with us so that we can pay with them. As you point out, the problem starts when the currency units in ciruclation are not covered/secured with material backup values equalling them.

If that is the case, then the value of the currency unit drops. And asset prices goes up. Things go Boom! and everyvbody goes Ohh! Until somebody realises that there is more numbered chips in circulation than there are coats hanging at the reception. Then everybody starts running. Thats the Bust!

So many people stare at stockmarket prices or asset value prices , property prices, and they rise steeply and people think the economy does fine and wealth is generated. What is generated is the devaluation of money instead, and that is why the prices rise. Liquidity is claimed to become sparse, more forged moeny without value (silver dollars without any silver in the coin) gets printed, and more oil gets spille dinto the fire, claiming it extinguishes the flames.

Until that one certain day in the forseeable future that I really really fear.


Wealthy in this only those get who use to trade currency into real material property while there still is time and have a close connceiton to the lading elite so that the latter doe snot plunder that wekath from them by enforced mortgages and taxes. After WWII, in Germany for example even fully paif proerty and houses was taxed with a morgtage of aorund 50%. Owners hwo had no debts were told by the state that now they have debts, and need to npay them. Gold prohibitions serve the same criminal intent. Stock papers also can be abused this way, since thy are just ink and paper and claim, not the owned value itself. Thjats why it is important to a.) buy material stuff anonymous, why states b.) want to prevent buying anonymously by killing cash money, , and to own c.) enough liquidity so that oen can sit out times of prohibitioon and state plundering. The latter is almost impossible to achieve. The mobster cartel that the state is, always is in the more powerful position.


For all these reaosns I say that polticians never shoudl be allowed minting rights, never should be allowed to control money system, and all central bank regimes must be destroyed, and for every note in ciruclation, an adequate ammount of material wealth must be stored away. Infinitely cretaing currency out of the lbue is the suicide of every eocnimic system. Inflation is not needed, that claim is a brutal lie. Inflation is a destroyer.

[Kapitan]

Some interesting points made there Skybird and I have to say I agree with most of them.