Andy F. wrote:
> "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?
Me? Did I get appointed supreme dictator overnight?
If you can really save hundreds of billions by
> cutting out the middleman, why isn't someone doing that already?
Maybe the middlemen oppose it. Just a guess.
It almost
> sounds too good to be true.
The present system is almost too good to be true for the mortgage lenders.
Mark M.
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