Hi Bonnie; The derivatives market has gotten so huge and underhanded
that the investment bankers and even GreemSpam will say it's to
complex to understand. Some how it goes for the most part
unregulated, and we are taught that's as it should be.
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The simple understanding I have of it is that's it's a legal way to counterfeit money. While Jimmy Rogers and all can bitch about
Government presses turning out phony money, and inflation things
to high heaven, him and his cronies omit that derivatives are
the systems way of inflating their own form of money faster than Governments can, and capturing the spread.
But derivatives go much beyond that , they become a way to laundry
dirty money as well. The more sophisticated of the untouchable
organized criminal fraternities who operate primary offshore but with
links to our so called respectable investment bankers use derivatives
as a way to collect drug money , or any other type of clandestine
operation, ( I write you some futures on some coffee I never intent
to plant, you pay me for them knowing full well the deal, and
then my shipment of drugs or guns goes to your friends. ) You can peddle the futures on the market or the FED will even exchange you some greenbacks using them as collateral, heck it's the best of both worlds. By the time any one finds out Coffee or Me Inc is a phony plantation located in the heart of an active volcano the trail
to who created the futures will have vanished.
The drug load, & gun merchant of an investment banker will cry I
had no idea, and claim to be the victim. It happens almost every
day and the world goes on.
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As far as protecting assets and security goes, all I'm sure
of is that no one is ever any more secure than their closest friend. Money and power and freedom are the most misunderstood terms in the world , and if we have good health and can take the time to enjoy the smell of roses I think we need to be grateful.
I had a good attack done on me last week by some Gaul stones,
that reminded me of the above. Last night I just marveled at how
really nice it is to have a sip of coffee and contemplate my
navel button even for a brief time. What an achievement at almost
62 I don't have lie about my age, and can be an over weight
and a narcissist at the same time. Well at least it beats being
senile.
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Jim
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