Reply to thread

Message

<blockquote data-quote="Just_another_day_at_work" data-source="post: 944461" data-attributes="member: 23074">Re: ObamanomicsI do look into it, because it can be the biggest opportunity of a lifetime.&nbsp;&nbsp; What you looking at is a possible complete meltdown of the financial system. They won&#039;t let Greece to default because it can trigger bank failures in France, Italy then the bank runs will spread like a wildfire. On top of that the derivative market which is estimated at 1 quadrillion dollars now, the world GDP is around 65 Trillion to have an idea how big it is.&nbsp;All these assets are rehypothecated, in very short term: selling the one stuff to different people in paper form of &quot;I own you this&quot;. So just like the fractional banking works here if only 10 % of the people will come to get their stuff/money cashed out the whole system is down. I don&#039;t see any boom cycle (beside PMs) in the wall for now, only bust. <img src="/community/styles/default/xenforo/smilies/biggrin.png"&nbsp; class="smilie" loading="lazy" alt=":D" title="Big Grin&nbsp; &nbsp; :D" data-shortname=":D" /> Sooner or later we got to have sound money, instead of printing it to infinity. To me the positive on this is that we can have a new financial system that doesn&#039;t work on a ponzi scheme, like the global fiat money system had in the past and that we the people won&#039;t hand it to private central banksters the ability to create money and have deficit spending without any consequences pushing it to the future. And who knows we might have a real market without the biggest private bank setting interest rates and pumping free money to the system wherever they feel to.</blockquote>

[QUOTE="Just_another_day_at_work, post: 944461, member: 23074"] [b]Re: Obamanomics[/b] I do look into it, because it can be the biggest opportunity of a lifetime. What you looking at is a possible complete meltdown of the financial system. They won't let Greece to default because it can trigger bank failures in France, Italy then the bank runs will spread like a wildfire. On top of that the derivative market which is estimated at 1 quadrillion dollars now, the world GDP is around 65 Trillion to have an idea how big it is. All these assets are rehypothecated, in very short term: selling the one stuff to different people in paper form of "I own you this". So just like the fractional banking works here if only 10 % of the people will come to get their stuff/money cashed out the whole system is down. I don't see any boom cycle (beside PMs) in the wall for now, only bust. :D Sooner or later we got to have sound money, instead of printing it to infinity. To me the positive on this is that we can have a new financial system that doesn't work on a ponzi scheme, like the global fiat money system had in the past and that we the people won't hand it to private central banksters the ability to create money and have deficit spending without any consequences pushing it to the future. And who knows we might have a [B]real[/B] market without the biggest private bank setting interest rates and pumping free money to the system wherever they feel to. [/QUOTE]

Verification