phil scott wrote:
> On Feb 15, 9:49 am, "Andy F." <never.m...@[EMAIL PROTECTED]
> wrote:
>
>>"Doobie Keebler" <dan.a...@[EMAIL PROTECTED]
> wrote in message
>>
>>news:2174e453-216f-4644-81cd-599a65acfbc4@[EMAIL PROTECTED]
>>
>>
>>>On Feb 15, 6:44 am, "Andy F." <never.m...@[EMAIL PROTECTED]
> wrote:
>>
>>>>Derivatives are a zero-sum game.When one person loses, someone else is
>>>>winning.
>>>>The total effect of derivatives on the economy is zero.
>>
>>>True, in the Casino sense of economics: one bettor wins, another
>>>loses.
>>
>>>That falls apart when the Casino goes bankrupt, however.
>>
>>No, it's still zero sum even if someone goes bankrupt.
>
>
>
>
> in a crash everyone goes bankrupt... the fact of a zero sum game is
> simply no the poiint.... as with a plane crash...it ends at the same
> elevation it began.... zero sum. just destroyed is all.
>
> you have to get beyond cliches to see this...but its obvioous.
> Yes during the depression some banks got rich.... a few hundred
> million starved to death.... zero sum as far as dollars.....not zero
> sum in actuality as far as Life is concerned.
>
> with derivitives as they are based in totally bogus fiat 'money'''...
> the mess va****izes.... no money left...but then it was created from
> thin air in the first place....zero sum...... but a crashed
> nation....not zero sum.
The thing to remember is that the real economy consists of goods and
services
consumed directly or used to aid production of consumables. The necessary
inputs
are raw materials, locations, and labor.
Most of the activities of the financial sector do nothing to aid the
production of
goods and services. Rather, these activities are about OWNING the
distribution of
goods and services.
The entire financial structure could collapse and have zero value without
destroying any real goods or impairing the op****tunity to produce and
consume real
goods and services. Not only that, but a financial collapse could have
the
opposite effect of releasing the productive potential that has hitherto
been
throttled by the financial sector.
We could turn disaster into liberation by repudiating the parasitic burden
of
private debt. Our creditors have given us nothing of true value. They
have merely
conned us into believing that cash is better than an income stream. We
got the
cash to buy homes and the bankers received the income stream. That big
chunk of
principal we used to buy the house didn't cost the lender any labor. But
all those
subsequent mortgage payments were consumed by the bankers. The real goods
and
services enable the lenders to live in luxury while the borrowers toil for
nothing.
The Great Depression was the same. Willing workers kept idle. Good land
kept
idle. Hungry mouths kept empty. All for debt. All for the obligations
of debt.
The Crash didn't destroy real wealth. It destroyed speculative value.
We have never needed bank credit in order to produce wealth, live in
houses,
consume wealth. Every wages worker extends credit when he waits two weeks
to get
paid. Every building contractor and sub contractor extends credit when he
waits 60
days or more to get paid. Every supplier extends credit when he waits 30
days to
get paid. Banks don't enter in to the real economy. Banks get rich off
consumer
swindles of credit cards and home mortgages. And of course the central
banking
scam of public debt.
Hundreds of billions of dollars per year go to mortgage lenders as
interest and
principal payments. ALL this money could be kept in the community of
homeowners.
Land contract financing cuts out the mortgage lenders. Imagine if every
homeowner
in your community bought and sold on land contract. The average homeowner
would
break even over his life of buying and selling. This means every payment
he made
would be paid back to him over his life. Talk about a retirement plan.
Compare
this with the mortgage swindle where the average homeowner gets back
nearly nothing
from a lifetime of mortage payments.
Mark M.
|
