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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (133930)	3/17/2020 11:20:18 PM
From: Winfastorlose	5 Recommendations Recommended By berniel CrashDavis IC720 research1234 toccodolce Read Replies (2) \| Respond to of 207409

Current day economic prosperity was created by our system. It is a system that has lifted much of the world out of squalid conditions. It is a system that has financed cheap energy (through the use of "fossil fuels") and allows a peasant in China or India the opportunity to rise from the ashes so that he or she can buy a car, and have a house with something other than a dirt floor (since they have been adapting our system as well) That is why the maniacs who try to change our system are completely stupid and ignorant. What is happening to the prices of assets over the past 30 days is dangerous beyond the imagination. Since our debt fueled economy depends on decent asset prices as collateral, you can not let those prices fall very much or counter party risk contracts (derivatives) hit their go button and municipalities collapse, states collapse, and individual wealth disappears. There are something like one quadrillion dollars worth of derivatives in force right now. You would be praying to get nuked if they blow up. And holding the contracts as insurance would not help you. No one can pay them off if they all go off at once That is why there is a point at which no further melt down can be allowed.