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What are derivatives? Some investors describe them as “dormant economic weapons of mass destruction”. They essentially are large leveraged bets on top of stocks, bonds and commodities. Money can be made within months or seconds by betting if a stock will go up, down or even remain the same. With no credit rating you can place a bet worth double your account balance. Big time investors get greater leverage with these instantaneous loans.
Originally posted by PaulKCA
Before all of this bailout BS began, I had read somewhere that the Rothschild family fortune was estimated at 500 Trillion Dollars, so between theirs and the other elitists holdings we could literally zero all debts of all nations on earth and begin again.
Originally posted by RetinoidReceptor
As someone mentioned, it is impossible for all of the derivatives to 'implode' at the same time. Not to mention derivatives equal many things such as OPTIONS, FUTURES, SWAPS, CDO'S, etc. Many of these derivatives are traded on organized exchanges with regulation and oversight (like with options and futures). Some are OTC (like the credit derivatives that got us into this mess). But the fact is, all the derivatives won't come crashing down all at once...it is actually mostly impossible.
Originally posted by silent thunder
Many of those derivaties cancel each other out, and its not like they all come due at once. Still, its a troubling issue.
Originally posted by PaulKCA
Before all of this bailout BS began, I had read somewhere that the Rothschild family fortune was estimated at 500 Trillion Dollars, so between theirs and the other elitists holdings we could literally zero all debts of all nations on earth and begin again.
I agree. Whilst there are important functions performed through some derivatives, by allowing others the situation is created whereby those with the power to do so have an incentive to manipulate markets without any regard to the actual business those figures represent. In short, they affect ordinary peoples livelihoods for no tangible reason & foster corruption.
What I'd like to see happen is simply for certain types of trading and financial instruments to be made illegal.
Wallsteet has turned into nothing more than a casino with other people gambling with money and assets that are not theirs.