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WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !!
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itdincor 
User ID: 493005
10/15/2008 6:39 AM
 | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
and if we let it crash....?
refocus on ACTUAL worth? bad idea? Quoting: shaggy 8528
LET it crash? Man, it's goin' down! No matter what anybody does. Symptoms are being treated, causes ignored. It's just too big.
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Anonymous Coward
User ID: 327843
10/15/2008 6:44 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
oh, just how deep is the darkness? endless
trail of digital numbers, which maketh
for a good horror show once it is
exposed to the light.
rejoice you common men your redemption
is coming from the snare of the devil
in his scheme.
burn, burn baby burn! |
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Anonymous Coward
User ID: 521902
10/15/2008 6:49 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
didya ever notice that on Star Trek there were never any economic issues? whysthat? |
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WTF GUY FAN
User ID: 445358
10/15/2008 7:04 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
So now can i stop paying my credit cards?
Or should i wait for the implode?
And why again is it soon? We need exact dates or close to it. |
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Anonymous Coward
User ID: 526622
10/15/2008 7:05 AM | |
Anonymous Coward
User ID: 526622
10/15/2008 7:08 AM | |
Anonymous Coward
User ID: 357529
10/15/2008 7:08 AM | |
Rota
User ID: 520885
10/15/2008 7:13 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
And no one goes to prison. No one gets investigated. No the criminals get rewarded the law abiding citizen gets punished. Whats wrong with this picture?
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Anonymous Coward
User ID: 482097
10/15/2008 7:17 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
didya ever notice that on Star Trek there were never any economic issues? whysthat? Quoting: Anonymous Coward 521902
after the food replicator was invented, people didn't care if the economy collapsed, cuz everyone ate regardless of money |
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Whee! 8D.qc.ca
User ID: 520331
10/15/2008 7:21 AM
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Wow, there are still people who think we may have a chance to get away from a total global mess.
Hey people, TPTB AGENDA!
Never heard?
Scorpios, report here! [link to www.godlikeproductions.com]
Without proofs, anything can be True or False.
There is no such thing as good or bad. There are only perceptions and too narrow views of things that prevent us from understanding how everything has a rightful purpose
Number of people who desperately tried to insult me using my TP avatar :13 (Punisher x5) (Charles Fort x2)<= People should maybe actually learn to read?
For those who can't figure out that not everyone in this world is born in areas where the main spoken language is english, my first language is not english. |
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Anonymous Coward
User ID: 445358
10/15/2008 7:29 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
So now can i stop paying my credit cards?
Or should i wait for the implode?
And why again is it soon? We need exact dates or close to it. |
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Witness_
User ID: 354685
10/15/2008 7:33 AM
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This crash will only happen if another large bank fails and now the governments are underwriting them.
So no doom |
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Anonymous Coward
User ID: 375101
10/15/2008 7:33 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
we need a new world order. one with no money lending, and chip implants to track your monetary credits. |
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Anonymous Coward
User ID: 483806
10/15/2008 7:42 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
This means nothing. They'll simply wipe the slate clean...it's only numbers in an accounting program. No real money was ever created...that's why nobody is freaking out about it. |
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Anonymous Coward
User ID: 480936
10/15/2008 7:48 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Don't know what everybodys woried about-the money isn't real anyway-it's just numbers between computers-nothing more. Want to fix the problem-just turn the bastards off. |
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Anonymous Coward
User ID: 357529
10/15/2008 8:09 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
today the Dow will rebound |
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Anonymous Coward
User ID: 357529
10/15/2008 8:41 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
FTSE -4.0%
Do you remember when -4.0% was DOOM? Now bussiness as usual. |
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Matrix
User ID: 526813
10/15/2008 8:42 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
And no one goes to prison. No one gets investigated. No the criminals get rewarded the law abiding citizen gets punished. Whats wrong with this picture? Quoting: Rota 520885
A la 9/11 all over again!
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Anonymous Coward
User ID: 526850
10/15/2008 9:35 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
 oh man new world order here we come |
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Anonymous Coward
User ID: 502848
10/15/2008 9:37 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
[ link to www.bis.org]
THIS ARE THE MOST IMPRESSIVE FIGURES I EVER SEEN .... ALL THAT MONEY ARE OUT OF BALANCE !!!
THOSE FIGURES ARE ....IN BILLION US DOLLARS !!!
HOW DO THEY GET THERE??
with malice aforethought - the conspirators at work and play
The meeting of the President's Working Group on Financial Markets on an April day in 1998 brought together Federal Reserve chairman Alan Greenspan, Treasury secretary Robert E. Rubin and Securities and Exchange Commission chairman Arthur Levitt Jr. -- all Wall Street legends, all opponents to varying degrees of tighter regulation of the financial system that had earned them wealth and power.
Their adversary, although also a member of the Working Group, did not belong to their club. Brooksley E. Born, the 57-year-old head of the Commodity Futures Trading Commission, had earned a reputation as a steely, formidable litigator at a high-powered Washington law firm. She had grown used to being the only woman in a room full of men. She didn't like to be pushed around.
Now, in the Treasury Department's stately, wood-paneled conference room, she was being pushed hard.
Greenspan, Rubin and Levitt had reacted with alarm at Born's persistent interest in a fast-growing corner of the financial markets known as derivatives, so called because they derive their value from something else, such as bonds or currency rates. Setting the jargon aside, derivatives are both a cushion and a gamble -- deals that investment companies and banks arrange to manage the risk of their holdings, while trying to turn a profit at the same time.
Unlike the commodity futures regulated by Born's agency, many newer derivatives weren't traded on an exchange, constituting what some traders call the "dark markets." There were now millions of such private contracts, involving many of Wall Street's top firms. But there was no clearinghouse holding collateral to settle a deal gone bad, no transparent records of who was trading what.
Born wanted to shine a light into the dark. She had offered no specific oversight plan, but after months of making noise about the dangers that this enormous market posed to the financial system, she now wanted to open a formal discussion about whether to regulate them -- and if so, how.
Greenspan, Rubin and Levitt were determined to derail her effort.
[link to www.msnbc.msn.com]
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Anonymous Coward
User ID: 340451
10/15/2008 9:43 AM | |
locomotion
User ID: 346084
10/15/2008 10:02 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Yes, this wasn't just Greenspan's folly, had to be planned by someone, and if they truly fooled Greenspan then it was an excellent plan (she says in a dispirited way, cuz WASF courtesy of our 'leaders')
related thread:
[link to www.godlikeproductions.com]
[ link to www.bis.org]
THIS ARE THE MOST IMPRESSIVE FIGURES I EVER SEEN .... ALL THAT MONEY ARE OUT OF BALANCE !!!
THOSE FIGURES ARE ....IN BILLION US DOLLARS !!!
HOW DO THEY GET THERE??
with malice aforethought - the conspirators at work and play
The meeting of the President's Working Group on Financial Markets on an April day in 1998 brought together Federal Reserve chairman Alan Greenspan, Treasury secretary Robert E. Rubin and Securities and Exchange Commission chairman Arthur Levitt Jr. -- all Wall Street legends, all opponents to varying degrees of tighter regulation of the financial system that had earned them wealth and power.
Their adversary, although also a member of the Working Group, did not belong to their club. Brooksley E. Born, the 57-year-old head of the Commodity Futures Trading Commission, had earned a reputation as a steely, formidable litigator at a high-powered Washington law firm. She had grown used to being the only woman in a room full of men. She didn't like to be pushed around.
Now, in the Treasury Department's stately, wood-paneled conference room, she was being pushed hard.
Greenspan, Rubin and Levitt had reacted with alarm at Born's persistent interest in a fast-growing corner of the financial markets known as derivatives, so called because they derive their value from something else, such as bonds or currency rates. Setting the jargon aside, derivatives are both a cushion and a gamble -- deals that investment companies and banks arrange to manage the risk of their holdings, while trying to turn a profit at the same time.
Unlike the commodity futures regulated by Born's agency, many newer derivatives weren't traded on an exchange, constituting what some traders call the "dark markets." There were now millions of such private contracts, involving many of Wall Street's top firms. But there was no clearinghouse holding collateral to settle a deal gone bad, no transparent records of who was trading what.
Born wanted to shine a light into the dark. She had offered no specific oversight plan, but after months of making noise about the dangers that this enormous market posed to the financial system, she now wanted to open a formal discussion about whether to regulate them -- and if so, how.
Greenspan, Rubin and Levitt were determined to derail her effort.
[ link to www.msnbc.msn.com]
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rancelot
User ID: 240916
10/15/2008 11:30 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
didya ever notice that on Star Trek there were never any economic issues? whysthat? Quoting: Anonymous Coward 521902
Yeah, it was a bitch to get your paycheck from Star Fleet Command. But it was even harder to cash it!
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Anonymous Coward
User ID: 445358
10/15/2008 11:38 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
So now can i stop paying my credit cards?
Or should i wait for the implode?
And why again is it soon? We need exact dates or close to it. |
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Eagle # 1
User ID: 354785
10/15/2008 11:46 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
As 97 % of all this derivative debt, and bank debt is ON computers and only 3% in cash, has anyone ever considered that The EMP ( ElectroMagnetic Pulse ) from atomic explosions WILL WIPE OUT all those records, leaving only the money IN your possesion AND gold/silver as the LAST methods of monetary trade for buying/selling ?
Now wouldn't it be a 'convenient' way to wipe out the debt problems and start over again ?
IF 9-11 WAS an inside job, then ..........
Eagle |
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WalkerTalker
User ID: 525440
10/15/2008 12:19 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
the markets want to keep things "like they are"- a debt cycle that grows and grows. We see the big fear in the sell offs. Until government and business run without any debt PERIOD and people stop being indebted PERIOD ...we will have cascading crash epoichs...llike the one we see. We have to completely change the money system and the way we use money. We mus go to a currecy backed with gold, and we must totally liquidate all debt. The first legislater that restarts debt must face some sort of "firing"-even a firing squad if that becomes neccessary-
NO MORE DEBT SPENDING,LIQUIDATE ALL PUBLIC AND PRIVATE DEBT NOW> GET RID OF THE FEDERAL RESERVE |
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Anonymous Coward
User ID: 509737
10/15/2008 12:47 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
the markets want to keep things "like they are"- a debt cycle that grows and grows. We see the big fear in the sell offs. Until government and business run without any debt PERIOD and people stop being indebted PERIOD ...we will have cascading crash epoichs...llike the one we see. We have to completely change the money system and the way we use money. We mus go to a currecy backed with gold, and we must totally liquidate all debt. The first legislater that restarts debt must face some sort of "firing"-even a firing squad if that becomes neccessary-
NO MORE DEBT SPENDING,LIQUIDATE ALL PUBLIC AND PRIVATE DEBT NOW> GET RID OF THE FEDERAL RESERVE Quoting: WalkerTalker 525440
Why gold? So limiting and finite.
Isn't CREATIVITY more valuable than gold?
We need a currency backed by imagination. One can dream... |
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mj-13
User ID: 527003
10/15/2008 12:55 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
600 trillion? Are you sure that isn't a typo? That number might as well be infinity for that is how enormous it really is. I couldn't even count to a million in a years time. But 600,000,000,000,000????? How long would it take to print that much money???? |
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Anonymous Coward
User ID: 527037
10/15/2008 12:55 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
the markets want to keep things "like they are"- a debt cycle that grows and grows. We see the big fear in the sell offs. Until government and business run without any debt PERIOD and people stop being indebted PERIOD ...we will have cascading crash epoichs...llike the one we see. We have to completely change the money system and the way we use money. We mus go to a currecy backed with gold, and we must totally liquidate all debt. The first legislater that restarts debt must face some sort of "firing"-even a firing squad if that becomes neccessary-
NO MORE DEBT SPENDING,LIQUIDATE ALL PUBLIC AND PRIVATE DEBT NOW> GET RID OF THE FEDERAL RESERVE
Why gold? So limiting and finite.
Isn't CREATIVITY more valuable than gold?
We need a currency backed by imagination. One can dream... Quoting: Anonymous Coward 509737
Dude, our currency is already imaginary. |
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Ghost Avatar
User ID: 520310
10/15/2008 12:57 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
At the end of the video, a court case was mentioned (I have copies off the net from a few years back), which IS the KEY to putting an end to this monetary madness...
Lawful Consideration----
SINCE the FED and all banks Operating this financial con upon the Public, DO NOT HAVE Lawful Consideration---- the money was created out of thin air---- ALL results of this Fractional Reserve System is a Fraud... there is no LAWFUL enforcement of fraud--- or the Defendant in the mentioned Case would have Lost his House.
OUR HOUSE is the nation we live in.... right now we are witnessing the results of 94+ years of a scam, a racket, a skim all rolled into one nasty little package, adorned with legal mumbo-jumbo and served on a big platter of political cow-pie with graft-stuffed olives. Clearly, if the PEOPLE want this criminal madness to end in their favor a Remedy has to be Presented, which can protect the Public, while at the same time removes the Debt-Is-Money-Syndicate, like a damn blood-sucking tick from our back-sides. The legal remedy is found in Lawful Consideration.
A one page legal notice Citing the case in the video might be the way to start the ball rolling. All credit, loans etc. originating by Promissory Note fall into this category as does the switch-out used by the FEDS and the U.S. Treasury, to create money from Nothing and Charge Interest in Return. Your 1040 Return specifically.
The Fed is operating a counterfeit "money" system, in cahoots with the Treasury, in cahoots with Congress, at the behest of the Private Owners of the Banks themselves. But of course, there is NO conflict of Interests? WHY none of the above have any mutual monopolies in vested ACTS, right? Legalized theft... endorsed by the criminals in charge of the racket. And to ensure Interest is Paid by the Public as a taxpayer, the final loop of the scam is tied directly into INCOME as a measure of earnings, thus taxed.
Do not stop paying your debts... Challenge the debt as an UNLAWFUL Consideration.... which VOIDS the Contract and REMOVES the Debt BECAUSE NO MONEY WAS EVER LOANED. Nothing was LENT nothing is returned. All Credits and Debts can be summed back to ZERO. Which is where they BOTH began at the same time. |
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