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Today you can break a country, you don't need money you just need synthetic euroshorts or CDS. A trillion dollar bailout: Goldman can create 10 trillion of euroshorts. So it just dominates whatever governments can do.
Dynamic Hedging is a key tool in applying political pressure, which is critical to the success of the three step process I will refer overall to as Regulatory Arbitrage.
... Goldman can create 10 trillion of euroshorts. So it just dominates whatever governments can do.
Originally posted by St Udio
reply to post by cpdaman
... Goldman can create 10 trillion of euroshorts. So it just dominates whatever governments can do.
~~~~~~~~~~~~~~~~~~
i said this months ago.... the the FED (federal Reserve) is allowing these big banks/market makers to actually 'create money out of thin air'
something only the FED was allowed to do -once upon a time -
i also said it was my view that these products are in essence counterfiet money that only receives credible stature & legal standing because the FED says so...& the US Treasury can do nothing but follow along.
Goldmans paper/shorts/etc are only as good a product as the corporations pockets are deep... the taxpayer underwriting is illegal & unfortunate,
but can be reversed and the cadre of financial masters be ousted and tried for economic treason /sedition. imho
the article is 'coming to the party very late'
Originally posted by xxcalbier
hold on quite picking on people who worked there buts off for there ummm money.
they wanted to be rich so they worked hard and long 200 years to create a system in which they can be .so quite picking on them because your just a poor smo who isn't smart enough to buy into it.
lets go back to getting rid of all the poor smos after all they may just work at mcds or burger king and get food stamps medical and rent help now these are the real leaches and if we get ride of all them then the people who worked hard to be rich can get richer .
o and don't worry they still need there torlits to flush and there air to run so you will always have a job. Of cores they will be paying you minim wage and not a cent more but hey cant blame them they worked hard for there money.
man quite picking on the bankers. O but if by chance you do feal they need a pay cut QUITE PAYING THEM. realy is that so hard to do?
...this article is actually coming at a great time.....the point wasn't that the writer just realized goldman could create 10 trilliion euro shorts......it was ...
Originally posted by St Udio
reply to post by cpdaman
...this article is actually coming at a great time.....the point wasn't that the writer just realized goldman could create 10 trilliion euro shorts......it was ...
Late to the Party still stands... because GS, JPM, Stanley, BankAmerica, et al were creating the money-from-thin-air before-during-and ever since the 'crisis' in late 2008...
these vulture capitalists are on par or better with the present creation of debt/swap/ etc paper they had no business issuing prior to 2008 near collapse.
the point of the article is that the author has finally woken up to the fact that the FED is turning a blind-eye to the same situation that caused the collapse to begin with & is just now coming to the determination that ----yes indeed the market-makers/primary dealers have tidely usurped the power the FED used to have exclusively... i take the article as finally waking up & smelling the coffee !!
thanks,
The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
Originally posted by marg6043
reply to post by St Udio
The question is for how long this game is going to be played at the expenses of nations economies.
Doesn't the players know that the game can not be played indefinitely without consequences?