How many think saving the economy is either possible or a party issue?
Asked by: forexsheet 85 views
The market is worth more than 6 trillion, (£303 trillion), roughly 10 times the value of the entire world’s output: it’s been called the "ticking time-bomb".
It’s a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it’s a market that is set to come to a crashing halt – the Great Unwind has begun.
The derivative market is a means to buy and sell a product that is not owned or soon to be transferred in the transaction. The level of trade on commodities are !0 times the value of the product. This is not partisan this is disaster, You have a friend that will sell his vintage corvette in a few years. You speculate on the price and selll the price to another. Then he sells the option to another who also does because they make money on each transaction. End of the day you still have ,000.00 classic but they’ve driven the cost up to 0.000.00. Who pays. 90% is paper profit but maybe 80% is speculated income that contributed to value of the bank because they were not required to divulge private transaction..
Markets go up and down but when they go up ten times their value and banks buy into it and retirement funds are hinged to it, calamity is in the works. If it were ten or even fifty percent it would be called a correction but when it’s a thousand percent it’s called a time bomb.
We the people by our given right to elect our representatives in government allowed speculators to operate with immunity from audit or responsibility.