all the current places already have governments. they need a new country for their new government.
I vote they build a city under the sea - somewhere all the existing governments can't get their hands on.
They'll need to bring in all the best scientists, artists, doctors and engineers in as well - I think it'd be important for them to bring in geneticists to help develop new DNA sciences in this new place so that they can build a better, newer world, no?
don't see what's so complicated about any of this. It's pure and simple fraud on the most massive of scales.
i'd never dived into the workings of the derivatives markets in the past, because I never had the need to (not in a finance-related business), and also because every time I'd gotten interested I just found the going too tough for me and my handful of college-level economics classes - and I think it's deliberate, the people involved wanted things to be confusing.
but, the more I read the explanations of what's happened, the more it looks to me like the derivatives/"financial" markets over the past few years have been just one very big, pseudo-legitimized, slow-motion ponzi scheme that has only now reached the point where they've run out of new suckers to rope in at the bottom?
Here's what happened in simple English: investment banks invented various ways of packaging mortgages into securities.
and that's the other thing that only just struck me (too slow off the mark, I know, I know) - all this commercial paper they were trading round and round. They keep referring to these as "financial products". but they're not "products" in any sense of the word:
They're money.
They've worked their way round into a situation where they were running around printing money (insert Ron Paul quote here), without any of the regulatory oversight that since the early days of banking it was understood as necessary for banks to have. how could it not have been obvious to the people in the game? the vast majority of them are clearly complicit.
It's no wonder there's such a godawful mess now.
Slashdot Mirror
Didn't the 4th Alien movie (the one with winona ryder) kinda show one of the problems with this?
all the current places already have governments. they need a new country for their new government.
I vote they build a city under the sea - somewhere all the existing governments can't get their hands on.
They'll need to bring in all the best scientists, artists, doctors and engineers in as well - I think it'd be important for them to bring in geneticists to help develop new DNA sciences in this new place so that they can build a better, newer world, no?
don't see what's so complicated about any of this. It's pure and simple fraud on the most massive of scales.
i'd never dived into the workings of the derivatives markets in the past, because I never had the need to (not in a finance-related business), and also because every time I'd gotten interested I just found the going too tough for me and my handful of college-level economics classes - and I think it's deliberate, the people involved wanted things to be confusing. but, the more I read the explanations of what's happened, the more it looks to me like the derivatives/"financial" markets over the past few years have been just one very big, pseudo-legitimized, slow-motion ponzi scheme that has only now reached the point where they've run out of new suckers to rope in at the bottom?
Here's what happened in simple English: investment banks invented various ways of packaging mortgages into securities.
and that's the other thing that only just struck me (too slow off the mark, I know, I know) - all this commercial paper they were trading round and round. They keep referring to these as "financial products". but they're not "products" in any sense of the word:
They're money.
They've worked their way round into a situation where they were running around printing money (insert Ron Paul quote here), without any of the regulatory oversight that since the early days of banking it was understood as necessary for banks to have. how could it not have been obvious to the people in the game? the vast majority of them are clearly complicit. It's no wonder there's such a godawful mess now.