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Old 11-28-2019, 09:03 PM
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Default Visualizing the worlds money



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For those of us that have difficulty imagining the big numbers:

e.g. Derivatives 1.2 quadrillion

https://money.visualcapitalist.com/w...lization-2017/
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Old 11-28-2019, 09:14 PM
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Back in the day when they had to actually print money it had some value because it took a while to print a billion dollars - now it electronic - $1,000,000,000 in less than a second.

Pre world war 2 in Germany you got paid every hour. A wheelbarrow of paper money to buy a loaf of bread. Some folks burnt it to stay warm.

Knowledge and skill are the lightest things to pack on your back.
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Old 12-02-2019, 01:05 PM
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Originally Posted by Tripletrey View Post
For those of us that have difficulty imagining the big numbers:

e.g. Derivatives 1.2 quadrillion

https://money.visualcapitalist.com/w...lization-2017/
How much of the derivative number are OTC derivatives that net out?
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Old 12-02-2019, 02:16 PM
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How much of the derivative number are OTC derivatives that net out?
All derivatives net out because they all have counterparties with opposite sides.
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Old 12-03-2019, 01:15 PM
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All derivatives net out because they all have counterparties with opposite sides.
Not exactly. If Party A sells a swap to Party B and the swap hasn't reached the termination date then the swap is outstanding. It doesn't net out.

If Party A sells a swap to Party B who sells an identical swap to Party C who sells the same swap back to Party A the net result is that Party A has a swap that it's both short (from sale to Party B) and long (from sale from Party C). Thus the swap nets completely.
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Old 12-04-2019, 07:52 AM
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Not exactly. If Party A sells a swap to Party B and the swap hasn't reached the termination date then the swap is outstanding. It doesn't net out.
Of course it doesn't net out while it is still outstanding but it will net out when terminated (expired).
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Old 12-06-2019, 09:03 PM
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Of course it doesn't net out while it is still outstanding but it will net out when terminated (expired).
https://www.bis.org/publ/otc_hy1911.htm

640 Trillion est.

The problem remains the dealer bank lust to report, and be compensated for, nonexistent value that they can borrow against up to 100 times the value.

333
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Old 12-06-2019, 09:06 PM
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Of course it doesn't net out while it is still outstanding but it will net out when terminated (expired).
The problem remains if it is not possible to meet the terms of the agreement.
The drop is too far too fast.

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Old Yesterday, 06:59 PM
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And that infographic is over two years old. I simply laugh when people say silver buffs are morons. When that derivatives bubble explodes, so will the price of real, tangible assets.

Personally I hope I never need my silver. I would love to pass it on to my children and grandchildren. I would like to die in a world still fighting for human rights rather than human survival.
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Old Yesterday, 10:28 PM
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The problem remains if it is not possible to meet the terms of the agreement.
The drop is too far too fast.

333
There are many different agreements and many different counterparties, if there is a default then the defaulting party is liable to the other party.
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Old Today, 12:29 AM
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I enjoy science fiction as much as the next fellow, but to call this stuff eCONomics is a joke.

https://www.federalreserve.gov/faqs/currency_12773.htm
Q: How much U.S. currency is in circulation?

A: There was approximately $1.70 trillion in circulation as of January 31, 2019. This figure includes Federal Reserve notes ($1,655.2 billion), U.S. notes ($0.2 billion), currency no longer issued ($0.2 billion), and coins outstanding ($47.2 billion).
U.S. Population = 329,217,343
Estimated $5,042.26 per capita in circulation
But that's not really money!
MONEY - In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W. 2d 74, 79, 81.
- - - Black's Law Dictionary, Sixth Ed. p. 1005

NOTE - An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of money at a specified time. An instrument that is a promise to pay other than a certificate of deposit. U.C.C. 3-104(2)(d)
- - - Black's Law Dictionary, Sixth Ed. p. 1060
"FEDERAL RESERVE NOTES" are not "money" by law. They are debt (minus value until redeemed). They ARE legal tender on obligated parties on said notes (which have been worthless IOUs since 1933).
= = = =

What about "real money"?
REAL MONEY - Money which has real metallic, intrinsic value as distinguished from paper currency, checks and drafts.
- - - Black's Law Dictionary, Sixth Ed. p. 1264
Based on the Coinage Act of 1792 - - -
{Silver was demonetized in the Coinage Act of 1873, fyi. That's how we got the 'gold standard.'}
Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.

World supply of gold bullion (est) 5.9 billion ounces.
https://en.wikipedia.org/wiki/Gold
183,600 tonnes x 32151 =5,902,923,600 troy ounces
If coined, pursuant to the Coinage Act of 1792, would compute to
● 122,024,260,465.11
● $122 billion dollars

Here is our baseline - world supply of gold bullion - if coined pursuant to American law - is "only" $122 billion dollars (not dollar bills)

How did CONgress rack up a national debt of over 23 trillion dollars (not dollar bills)? Where's the gold lent to CONgress? And if no gold was ever lent, how did such a debt accrue?
14th amendment, Section 4. The validity of the public debt of the United States, authorized by law . . . shall not be questioned.
So, here we are, with an impossible to repay national debt, based on FRAUD, that no one can legally question.

In short, we're 'bleeped'.
No president dares to end the State of Emergency declared in 1933.
No CONgress dares repeal the 14th amendment.
And guess who's stuck with the bill?
[JOKE ON US FLAG ON] Those who volunteered to be "contributors" under FICA / Social Security are 'human resources' pledged as collateral on the public debt. That's how "dollar bills" are legal tender - every enumerated participant cannot object to the tender of "their" note.

No law compels participation and no law punishes non participants. It's 100% thus "constitutional" socialist slavery.
“The Social Security Act does not require an individual to have a Social Security Number (SSN) to live and work within the United States, nor does it require an SSN simply for the purpose of having one...”
- - - The Social Security Administration
http://home.hiwaay.net/~becraft/ScottSSNLetter.pdf
Get your own personalized letter from the SocSecAdmin . . .
Or read the act yourself.

SOCIAL SECURITY ACT OF 1935 FULL TEXT
http://library.clerk.house.gov/refer...alSecurity.pdf

And you thought it was "insurance" for you! LOL. It has long been law that there is no legal right to Social Security. In two important cases, Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits.

Now, visualize what happens when a majority of Americans WITHDRAW FROM FICA because of the fraud used to induce their participation?
Suddenly, there's insufficient collateral pledged on the public debt. Worse, if those who withdrew also withdrew from citizenship, leaving the Feds with half as many to govern and to tax.

Billionaires become zero-aires overnight.
Federal Reserve Notes not only are worthless, but no longer can be "legal tender".
No real money in circulation.
International trade breaks down.
All 'paper' wealth evaporates... taking down the "Euro" and other "bank note" based currencies dependent upon the FRN (Bretton Woods Treaty).

The creditor will throw a hissy fit, unable to confiscate sufficient collateral.

And we may witness the wholesale resignation of government, who will probably emigrate to nations that do not extradite to the USA.
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