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Originally posted by whiteraven
reply to post by projectvxn
They are worth what we as a collective race decide value them as.
In reality they are worthless inventions of man when seen from a certain viewpoint although from another viewpoint I do agree that the idea of money does grease the wheels of commerce as it is impractical to carry around commodities or trade commodities without some form of fiat currency.
Of course I am just a armchair economist.
Originally posted by GreenBicMan
This is really misleading.
When we are talking derivatives, we are talking about a LOT OF DIFFERENT KINDS of securities. They are probably adjusting numbers for their benefit. If it bleeds it leads.
Lets say I am trading the EUR/USD. My margin can be as low as $250 to control $10,000 USD with Micro lots. So I am guessing people like this are using these types of tactics to say this and that is out of control. But it's not.
Does anyone know how much money turns over every day in the FOREX alone? 1.4 Trillion in fact. This is just a garbage article IMO meant again to make the misinformed just more so.