How Will Fed Rate Cut Affect Consumers, Big 3?
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You make my point exactly!
These bankers have one quadrillion dollars in outstanding derivatives; which they use to buy real commodities; yet the combined assets of the entire world is only a fraction of that sum
It's like the Automakers whose combined inflated value is 3 billion asking for the US FED to give them a loan of 18 Billion!
Only the ignorant in America can't add 2 plus 2 to figure all this out!
Buy commodities and foreign dollars; liquidate your US currency!
sugarpuddin88 3 years ago
don't think a quadrillion dollars even exists yet.
therealcaptobvious 3 years ago
The FED, acting as bartender, gives out free booze to the bankers
The banks in turn have created many fake instruments like derivatives
One quadrillion dollars is the sum of outstanding fake derivatives (fake money pledged by the wealthy banks to buy real things) 1,000,000,000,000,000 on the market, (e.g. a bank with only one real dollar can legally say it owns several billions of real dollars) The total combined assets of the world is only actually a very small fraction of that sum!
sugarpuddin88 3 years ago 2
1st comment
butters326 3 years ago