It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: Libertas on June 01, 2012, 07:48:13 AM
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http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever (http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever)
I only have one question, what would happen if it were just wiped out? The people that helped get us into this mess would collapse right? That so bad? ::whatgives::
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Well, if that doesn't cheer up your Friday, nothing will.
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http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever (http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever)
I only have one question, what would happen if it were just wiped out? The people that helped get us into this mess would collapse right? That so bad? ::whatgives::
These people never play with their own money. In many cases the derivatives were sold to granny's pension fund, the CDS sold to municipal governments, etc. Its a lot like that Liberal argument that the debt doesn't matter - because its money we "owe ourselves" - We don't own "ourselves" anything - we owe individuals for pensions, entitlement obligations etc. I always ask the liberal if its okay if those people "don't get paid back" Never seem to get an answer.
Its the same in Europe, even if you aren't involved directly, if you have money in a bank, and those banks go under because they invested in derivatives, you money will be gone as well. If your employer has money in that bank - he goes under. If your customers have money in that bank, they go under. Its no longer about counter party risk-- the entire monetary system is in danger. Money itself is in question. If you have or use money - then you have a problem.
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Then there is the inflation factor, nothing more than a hidden tax. Every time Helicopter Ben pumps more fake money into circulation, it's like reaching into your pocket and taking your money.
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http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever (http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever)
I only have one question, what would happen if it were just wiped out? The people that helped get us into this mess would collapse right? That so bad? ::whatgives::
These people never play with their own money. In many cases the derivatives were sold to granny's pension fund, the CDS sold to municipal governments, etc. Its a lot like that Liberal argument that the debt doesn't matter - because its money we "owe ourselves" - We don't own "ourselves" anything - we owe individuals for pensions, entitlement obligations etc. I always ask the liberal if its okay if those people "don't get paid back" Never seem to get an answer.
Its the same in Europe, even if you aren't involved directly, if you have money in a bank, and those banks go under because they invested in derivatives, you money will be gone as well. If your employer has money in that bank - he goes under. If your customers have money in that bank, they go under. Its no longer about counter party risk-- the entire monetary system is in danger. Money itself is in question. If you have or use money - then you have a problem.
A gross breach of fiduciary responsibility! Yes, I said that with a straight face, even though I know better. So it will be up to grandma and her heirs as well as everyone else who got Corzined to storm the ramparts and exact ultimate vengeance upon all of the guilty!
::viking:: machinegun ::asskicking:: ::overkill:: ::guillotine:: ::seagalvseals::
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Then there is the inflation factor, nothing more than a hidden tax. Every time Helicopter Ben pumps more fake money into circulation, it's like reaching into your pocket and taking your money.
Yeah, the "Ben-dover reach-around"! ::cussing:: ::angry:: ::gaah::