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We have a fiat money system. It works until it doesn't. No fiat money system has ever worked over time... EVER!!! They'll baffle you with bullshit, but in the end it's just ink on paper.
As for the derivatives mentioned in this thread we need to clarify "derivative." Simple derivatives are options, futures, swaps, etc., and have been around for years. Over-the-counter derivatives are a whole different ball game. OTC derivatives have infected the markets to the tune of $20 trillion and are the play of the day. It made lots of people lots of money, yet here we are bailing out those same people with tax dollars. I sure hope they enjoy there million dollar home(s) in the Hamptons because you, Joe Blow, are paying for their big, fat, and expensive stupidity. Ain't it GRAND!!!
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