You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #6: It is all about valuation [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
CatholicEdHead Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 03:58 PM
Response to Reply #5
6. It is all about valuation
At least that is the most common term used. Markets of all types have always been built on the trust model. These Derivatives made money out of thin air, but it was supposedly based on a underlining trust. Even what the represent is literally nothing but numbers on paper, they go after the foundation of trust in financial markets. If the worst happens we will have destroyed ourselves over an idea of money rather than any real tangible item.
Printer Friendly | Permalink |  | Top
  -A $516 trillion derivatives 'time-bomb' magellan  Oct-12-08 02:55 PM   #0 
  - Hedge fund guys were notorius for make a billion and not paying one penny in tax.  Democrats_win   Oct-12-08 03:00 PM   #1 
  - Easy fix  whosinpower   Oct-12-08 03:05 PM   #2 
  - Just tax these transactions  endthewar   Oct-12-08 03:18 PM   #3 
  - That's exactly what I've been thinking.  MadrasT   Oct-12-08 05:55 PM   #27 
  - Are they even legal contracts that can be enforced ?  fedsron2us   Oct-12-08 06:05 PM   #31 
  - Yes.  Waiting For Everyman   Oct-12-08 06:11 PM   #33 
  - debt as asset  pretzel4gore   Oct-12-08 03:20 PM   #4 
  - How can a market equal  creeksneakers2   Oct-12-08 03:55 PM   #5 
  - It is all about valuation  CatholicEdHead   Oct-12-08 03:58 PM   #6 
  - Well it's going to happen so grab a life vest and jump...  Baby Snooks   Oct-12-08 05:10 PM   #18 
  - 'output' is a figure per year; this is an absolute figure  muriel_volestrangler   Oct-12-08 04:14 PM   #8 
  - Notional amount is a hypothetical number  creeksneakers2   Oct-12-08 05:47 PM   #25 
     - Following on from that paragrpah you quote, we have:  muriel_volestrangler   Oct-12-08 06:39 PM   #36 
  - It's an elaborate Ponzi scheme. The "value" is of course nothing. It is only worth what  rhett o rick   Oct-12-08 04:41 PM   #12 
  - The whole thing has been a Ponzi scheme covered up by the perpetrators  whistle   Oct-12-08 04:42 PM   #14 
  - Our entire monetary system is totally based on non-existent wealth...  Odin2005   Oct-12-08 05:37 PM   #21 
  - The CDS market alone is 60T. n/t  girl gone mad   Oct-12-08 07:03 PM   #41 
  - I heard it is $531 trillion  UpInArms   Oct-12-08 04:04 PM   #7 
  - I recall five years ago when Buffet warned investors about derivatives.  Tutonic   Oct-12-08 04:32 PM   #11 
  - Please see response #25  creeksneakers2   Oct-12-08 06:17 PM   #34 
  - Here's a link to the first thing I've read that I could *really* understand  jaybeat   Oct-12-08 04:29 PM   #9 
  - Thanks for the link, and it's good to be back to cold hard cash.  sarcasmo   Oct-12-08 05:50 PM   #26 
  - thanks for the link to us...  profgoose   Oct-12-08 07:43 PM   #43 
  - amazing what one can achieve by constructing something out of thin air.  madrchsod   Oct-12-08 04:30 PM   #10 
  - Ponzi invented it. n m  rhett o rick   Oct-12-08 04:42 PM   #13 
     - yup, i forgot about that guy....  madrchsod   Oct-12-08 07:26 PM   #42 
  - I wonder how countries first started minting money to replace bartering?How they went about it?  KCabotDullesMarxIII   Oct-12-08 05:03 PM   #15 
  - Well, don't forget  skepticscott   Oct-12-08 05:22 PM   #19 
     - But, I mean, how could it be restored, to in any way, reflect the current  KCabotDullesMarxIII   Oct-12-08 06:34 PM   #35 
  - Steal a bicycle under Three Strikes  NBachers   Oct-12-08 05:03 PM   #16 
  - Laws are only for us little people, The corporate elities are "world citizens" who obey no laws.  Odin2005   Oct-12-08 05:43 PM   #22 
  - This just seems overstated. Where is this 56T$???  Festivito   Oct-12-08 05:05 PM   #17 
  - It's the notional value  edwardlindy   Oct-12-08 05:43 PM   #23 
  - To where has is migrated? Who holds it?  Festivito   Oct-12-08 06:01 PM   #28 
     - It time- traveled into the future  librechik   Oct-12-08 06:39 PM   #37 
        - I see. And I begin to see how little I see. Who bought it?  Festivito   Oct-12-08 06:56 PM   #39 
           - Well, everybody stopped believing in time travel. And now they won't lend money  librechik   Oct-12-08 08:32 PM   #48 
  - It's nowhere, it's all "funny money" created out of thin air by the banksters. n/t  Odin2005   Oct-12-08 05:45 PM   #24 
     - Even as a number, it must exist somewhere. /nt  Festivito   Oct-12-08 06:02 PM   #30 
  - I posted on this last week.......  OwnedByFerrets   Oct-12-08 05:23 PM   #20 
  - Great quote from a republican from the webofdebt website  Danascot   Oct-12-08 08:13 PM   #44 
  - Hey, it all works fine unless ONE of them fails...  PurityOfEssence   Oct-12-08 06:01 PM   #29 
  - The buyers and sellers both chose to play in that game.  Waiting For Everyman   Oct-12-08 06:11 PM   #32 
  - derivative holders listed here:  Hannah Bell   Oct-12-08 06:44 PM   #38 
  - wealth tax. wealth tax. wealth tax. wealth tax. wealth tax. wealth tax.  QuestionAll   Oct-12-08 06:58 PM   #40 
  - What this means is a social contract giving certain people literally infinite wealth  Leopolds Ghost   Oct-12-08 08:22 PM   #45 
  - This article contradicts itself, twice...  originalpckelly   Oct-12-08 08:28 PM   #46 
  - I love how the estimates of the size of this looming disaster keep getting smaller  greyhound1966   Oct-12-08 08:32 PM   #47 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC