Re: Brin: on Debt, Democracy, and all that
On 12/5/2011 12:51 AM, David Brin wrote: Wow, this was more interesting than I expected it to be. On Debt, Democracy, and all that... http://www.nakedcapitalism.com/2011/12/michael-hudson-debt-and-democracy-has-the-link-been-broken.html Only the best for the good doctor. What with 700+ Trillion in derivatives outstanding... Huge exaggeration. 700 trillion was artificially lent to banks so that their balance sheets would show enough capital so they would not have to be closed. They then used it to buy treasury bonds.. Most of it is not missing. You're conflating a few things. Here: http://www.marketwatch.com/story/the-700-trillion-elephant-room-theres http://www.washingtontimes.com/news/2010/may/10/stock-market-time-bomb/?page=all http://www.ied.info/articles/an-honest-bank-is-so-simple-you-can-run-it/hedge-funds-hedging-risk-becomes-infinite-risk You see Derivatives are like Gambles (or Gambles on Gambles) (Or Gambles on Gambles on Gambles), Sort of like getting fire insurance on your neighbors house, and then doing things to increase the likelihood that your neighbors house burns down, etc. HTH. ___ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
Re: Brin: on Debt, Democracy, and all that
BTW... I hope you all know that Brin-L style elevated discussions take place regularly under the Comments section, beneath each of my regular blog postings at http://davidbrin.blogspot.com/ A great blogmunity. And, if you call it an extension of Brin-L... one of the oldest on the Net! Hoping you all have happy holidays and a great 2012...* warm regards david brin * The year my big novel EXISTENCE comes out! (June ;-)___ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
Brin: on Debt, Democracy, and all that
http://www.nakedcapitalism.com/2011/12/michael-hudson-debt-and-democracy-has-the-link-been-broken.html What with 700+ Trillion in derivatives outstanding... --- It’s cheap to maintain Lies and expensive to maintain Trvth. --KZK's Maxim ___ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
Re: Brin: on Debt, Democracy, and all that
Wow, this was more interesting than I expected it to be. On Debt, Democracy, and all that... http://www.nakedcapitalism.com/2011/12/michael-hudson-debt-and-democracy-has-the-link-been-broken.html What with 700+ Trillion in derivatives outstanding... Huge exaggeration. 700 trillion was artificially lent to banks so that their balance sheets would show enough capital so they would not have to be closed. They then used it to buy treasury bonds.. Most of it is not missing.___ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
