Danascot
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Sun Oct-12-08 08:13 PM
Response to Reply #20 |
| 44. Great quote from a republican from the webofdebt website |
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“These capitalists generally act harmoniously and in concert to fleece the people, and now that they have got into a quarrel with themselves, we are called upon to appropriate the people’s money to settle the quarrel.”
– Abraham Lincoln, speech to Illinois legislature, January 1837
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| -A $516 trillion derivatives 'time-bomb' |
magellan |
Oct-12-08 02:55 PM |
#0 |
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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 |
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Easy fix |
whosinpower |
Oct-12-08 03:05 PM |
#2 |
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Just tax these transactions |
endthewar |
Oct-12-08 03:18 PM |
#3 |
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That's exactly what I've been thinking. |
MadrasT |
Oct-12-08 05:55 PM |
#27 |
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Are they even legal contracts that can be enforced ? |
fedsron2us |
Oct-12-08 06:05 PM |
#31 |
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Yes. |
Waiting For Everyman |
Oct-12-08 06:11 PM |
#33 |
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debt as asset |
pretzel4gore |
Oct-12-08 03:20 PM |
#4 |
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How can a market equal |
creeksneakers2 |
Oct-12-08 03:55 PM |
#5 |
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It is all about valuation |
CatholicEdHead |
Oct-12-08 03:58 PM |
#6 |
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Well it's going to happen so grab a life vest and jump... |
Baby Snooks |
Oct-12-08 05:10 PM |
#18 |
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'output' is a figure per year; this is an absolute figure |
muriel_volestrangler |
Oct-12-08 04:14 PM |
#8 |
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Notional amount is a hypothetical number |
creeksneakers2 |
Oct-12-08 05:47 PM |
#25 |
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Following on from that paragrpah you quote, we have: |
muriel_volestrangler |
Oct-12-08 06:39 PM |
#36 |
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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 |
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The whole thing has been a Ponzi scheme covered up by the perpetrators |
whistle |
Oct-12-08 04:42 PM |
#14 |
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Our entire monetary system is totally based on non-existent wealth... |
Odin2005 |
Oct-12-08 05:37 PM |
#21 |
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The CDS market alone is 60T. n/t |
girl gone mad |
Oct-12-08 07:03 PM |
#41 |
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I heard it is $531 trillion |
UpInArms |
Oct-12-08 04:04 PM |
#7 |
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I recall five years ago when Buffet warned investors about derivatives. |
Tutonic |
Oct-12-08 04:32 PM |
#11 |
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Please see response #25 |
creeksneakers2 |
Oct-12-08 06:17 PM |
#34 |
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Here's a link to the first thing I've read that I could *really* understand |
jaybeat |
Oct-12-08 04:29 PM |
#9 |
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Thanks for the link, and it's good to be back to cold hard cash. |
sarcasmo |
Oct-12-08 05:50 PM |
#26 |
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thanks for the link to us... |
profgoose |
Oct-12-08 07:43 PM |
#43 |
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amazing what one can achieve by constructing something out of thin air. |
madrchsod |
Oct-12-08 04:30 PM |
#10 |
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Ponzi invented it. n m |
rhett o rick |
Oct-12-08 04:42 PM |
#13 |
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yup, i forgot about that guy.... |
madrchsod |
Oct-12-08 07:26 PM |
#42 |
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I wonder how countries first started minting money to replace bartering?How they went about it? |
KCabotDullesMarxIII |
Oct-12-08 05:03 PM |
#15 |
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Well, don't forget |
skepticscott |
Oct-12-08 05:22 PM |
#19 |
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But, I mean, how could it be restored, to in any way, reflect the current |
KCabotDullesMarxIII |
Oct-12-08 06:34 PM |
#35 |
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Steal a bicycle under Three Strikes |
NBachers |
Oct-12-08 05:03 PM |
#16 |
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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 |
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This just seems overstated. Where is this 56T$??? |
Festivito |
Oct-12-08 05:05 PM |
#17 |
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It's the notional value |
edwardlindy |
Oct-12-08 05:43 PM |
#23 |
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To where has is migrated? Who holds it? |
Festivito |
Oct-12-08 06:01 PM |
#28 |
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It time- traveled into the future |
librechik |
Oct-12-08 06:39 PM |
#37 |
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I see. And I begin to see how little I see. Who bought it? |
Festivito |
Oct-12-08 06:56 PM |
#39 |
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Well, everybody stopped believing in time travel. And now they won't lend money |
librechik |
Oct-12-08 08:32 PM |
#48 |
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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 |
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Even as a number, it must exist somewhere. /nt |
Festivito |
Oct-12-08 06:02 PM |
#30 |
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I posted on this last week....... |
OwnedByFerrets |
Oct-12-08 05:23 PM |
#20 |
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Great quote from a republican from the webofdebt website |
Danascot |
Oct-12-08 08:13 PM |
#44 |
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Hey, it all works fine unless ONE of them fails... |
PurityOfEssence |
Oct-12-08 06:01 PM |
#29 |
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The buyers and sellers both chose to play in that game. |
Waiting For Everyman |
Oct-12-08 06:11 PM |
#32 |
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derivative holders listed here: |
Hannah Bell |
Oct-12-08 06:44 PM |
#38 |
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wealth tax. wealth tax. wealth tax. wealth tax. wealth tax. wealth tax. |
QuestionAll |
Oct-12-08 06:58 PM |
#40 |
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What this means is a social contract giving certain people literally infinite wealth |
Leopolds Ghost |
Oct-12-08 08:22 PM |
#45 |
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This article contradicts itself, twice... |
originalpckelly |
Oct-12-08 08:28 PM |
#46 |
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I love how the estimates of the size of this looming disaster keep getting smaller |
greyhound1966 |
Oct-12-08 08:32 PM |
#47 |
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