tag:blogger.com,1999:blog-2686829448547770092.post1573887180663861744..comments2023-08-15T06:33:53.114-07:00Comments on Bison Prepper: golden jackass 1 of 2James M Dakinhttp://www.blogger.com/profile/01382139289994087931noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2686829448547770092.post-38680338217557357722018-09-25T06:50:22.820-07:002018-09-25T06:50:22.820-07:00Dishonest, and maybe illegal? THAT is the central...Dishonest, and maybe illegal? THAT is the central bank, 105 years on. Who do you think counted profits by the body bag in so many wars? It isn't the government. They get paid if they sit in meetings, or reside over a war. Doing nothing pays the same. Anyway, sorry, just thinking about bankers spikes my blood pressure. Think of the derivatives market-now at one QUADrillion dollars-as credit at the bookies. If the bookie gives you a thousand dollar credit to make a bet, and you have $20 in assets, that is the total derivatives market verses bankers assets to cover any bets that are lost. James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-10148208361518736692018-09-25T05:21:15.010-07:002018-09-25T05:21:15.010-07:00thank you, gs, for asking the question.
i still do...thank you, gs, for asking the question.<br />i still don't understand as it sounds dishonest, and maybe sounds illegal.<br />african proverb; when elephants fight,the grass suffers.<br /><br />we are the grass being trampled while these banking elephants continue wrestling, all unheeding of the grass.deb harveyhttps://www.blogger.com/profile/05110992898072146282noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-61124724185747317542018-09-22T19:01:02.794-07:002018-09-22T19:01:02.794-07:00Jesus, sorry. "Tru", not "Do"...Jesus, sorry. "Tru", not "Do". I'm retarded. Not that there is anything wrong with that :)James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-78342273560356310572018-09-22T18:59:55.305-07:002018-09-22T18:59:55.305-07:00Do dat. You might live just as long but even if n...Do dat. You might live just as long but even if not, you have superior quality of life.James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-16958523639681712782018-09-22T17:07:17.987-07:002018-09-22T17:07:17.987-07:00The only sane response for people at our level is ...The only sane response for people at our level is to focus on real and not play their game. Wrencher commented the other day on this, winning by not participating or fulfilling our expected role as robotically consuming serfs.<br />Fuck the banks, buy silver, consume less so you don't need their slavery inducing credit.<br />Fuck the medical establishment's maze of wealth extraction. Stay off their never ending river of pills, don't eat processed serf-slop, move around and do physical, useful work.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-2992889255303255402018-09-22T12:19:32.532-07:002018-09-22T12:19:32.532-07:00I think material quality is so crappy that the dif...I think material quality is so crappy that the difference between maintanence and neglect is probably minimal. Especially once you factor in material retail vs jobber costs, and labor. James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-64361523071253914402018-09-22T11:35:29.908-07:002018-09-22T11:35:29.908-07:00I don't have a link, heard this on the radio t...I don't have a link, heard this on the radio this morning and didn't pay attention to who said this, another way they are insulating themselves is instead of selling foreclosures for pennies on the dollar, they just rent the house themselves.<br /><br />Since all they want is the dollar, they won't fix anything until the house is condemned and then sell it. Surely this won't affect quality of life in the long run /s.Wrenchr2https://www.blogger.com/profile/03970779022776650104noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-91841081398461445342018-09-22T09:38:36.927-07:002018-09-22T09:38:36.927-07:00You don't ask for much, do you? Derivatives h...You don't ask for much, do you? Derivatives have always given me fits, but basically if you ignore most of the detail, it boils down to using leverage to place bets. Just like the 1920's. It is just more complicated now. Take the housing bubble. Bank A loans for a mortgage. They buy an insurance policy against it going bad. The folks issuing the insurance policy then buy an insurance policy to cover THEIR insurance policy. This can go on and on. The problem is when any single policy cannot pay in the event of the mortgage not being paid. If you have 100 policies out, and your reserves cover the loss of five, but then SIX fail, you've just screwed yourself. Multiply this by many companies, many policies. Being unregulated, you can leverage out to extremes. Obviously, there has to be an event that reaches up that number six, rather than five. And I think that is why derivatives keep growing. The created liquidity is subsidizing and insulating failures. They don't want a repeat of 08. But the derivatives market is so huge that there are no way assets on hand can pay off in a cascading failure. I hope this helped. It gave me a darn headache :)James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-14763803851808400672018-09-22T08:34:03.733-07:002018-09-22T08:34:03.733-07:00How about a step by step explanation on "Ever...How about a step by step explanation on "Everything Derivatives" for us doofuses that know nothing at all about any of this?<br /><br />And make them steps eensy weensy teeny tiny baby steps pleeze. Thanks, Mgt.ghostsnipernoreply@blogger.com