"Mark M." <markm@[EMAIL PROTECTED]
> wrote in message
news:47b6e832$0$1077$4c368faf@[EMAIL PROTECTED]
> 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.
>
So what's stopping you? If you can really save hundreds of billions by
cutting out the middleman, why isn't someone doing that already? It almost
sounds too good to be true.
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