Derivatives

fleadermouse · **Posted:** Mon Sep 28, 2009 10:23 am

We have told ourselves that it will be OK and the govt will save us so many times that we have come to believe it. However, In most cases reality/truth does not care what we think or perceive is real or true it just happens. It's like the fool who does not believe in gravity and then jumps out a 6 story window. Gravity does not care what you believe in just like the economic issues you are bringing up when to fool hits the ground he will go splat regardless of what he believes. No reason to put out a watch for iceburgs :lol:

Hope you have losts of warm waterproof stuff that floats cause there is no lifeboat for most of us "third class passangers"

So no they cannot handle it (in my oppinion) and we are in deep S**T and sinking. Prepair for the worst and hope for the best.

50 trillion can't even pay the interest long-term

jeffreybrower20 · **Posted:** Tue Dec 01, 2009 11:33 am

jwwoods32 wrote:

I know nobody is talking about this topic much anymore, but to me, its like the 800 lb gorilla in the room. The reason I am revisiting it is because of Dubai. Aside from the $60 billion in default, can you imagine how much unreported credit default swaps have been bet on these loans? Nobody is much talking about this, but it's going to have an impact. Not to mention the enormous amount of derivative contracts still pending otherwise I'll tell you, if the Gov't doesn't step in and declare these contracts illegal or at least unenforceable, this will be the backbreaker of the US economy, if not the world. Gents, 2010 is going to be one hell of a wild ride.

It already is, Woodie! The market is going crazy as we speak. Gold is going to easily break 1200 today, silver broke 19 already. We are going to pay the fiddler soon. Just hang on to what PM you have because I think the move has just begun. Dubai is in insolvency, and the dominoes are beginning to fall. We all may be eating out of our gardens this Summer.

jeffreybrower20 · **Posted:** Tue Dec 01, 2009 6:10 pm

jwwoods32 wrote:

jeffreybrower20 wrote:

jwwoods32 wrote:

I know nobody is talking about this topic much anymore, but to me, its like the 800 lb gorilla in the room. The reason I am revisiting it is because of Dubai. Aside from the $60 billion in default, can you imagine how much unreported credit default swaps have been bet on these loans? Nobody is much talking about this, but it's going to have an impact. Not to mention the enormous amount of derivative contracts still pending otherwise I'll tell you, if the Gov't doesn't step in and declare these contracts illegal or at least unenforceable, this will be the backbreaker of the US economy, if not the world. Gents, 2010 is going to be one hell of a wild ride.

It already is, Woodie! The market is going crazy as we speak. Gold is going to easily break 1200 today, silver broke 19 already. We are going to pay the fiddler soon. Just hang on to what PM you have because I think the move has just begun. Dubai is in insolvency, and the dominoes are beginning to fall. We all may be eating out of our gardens this Summer.

Yup - and very few seem to see it coming, or are just sticking their heads in the sand. This is evidenced by the lunatics pumping money into the stock market, without any strength in the fundamentals.

Well, hang in there my friend. Don't get out to Jersey much but I will look you up next time I get a chance to head East.

jeffreybrower20 · **Posted:** Wed Dec 02, 2009 7:09 pm

jwwoods32 wrote:

Sounds good Jeff - would enjoy having a pint with you sometime.
I used to to business with a great little company out there in Utah called Binex. Not sure if they're around anymore.

Sorry, don't know 'em

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