Quote:
Originally Posted by onwebcam
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Fact. That's what a clever broker does when the bonds being bought or sold are worth shit.
Think of shares as if they're money. The value of a $1 bill is worth $1 at the time of use. So if someone pulls billions, he can't "pull" anything. They're still worth billions.
If however someone is buying/selling $1 of unpayable debt @$1.50. There's a problem if someone says "We're selling $1 of unpayable debt @$1.50 and in reality, it's not worth shit. " There's a huge problem.
Look back to all the big market crashes to see how it works. East India Company, Daffodils, 1930s Crash. And there's more and more to show how it works.
Some played the market up till the final days, making billions. Some missed the get out day and lost billions.
The problem is if the West stops this casino gambling. All our GDPs go crashing. We no longer have enough industries in the Industrial World to pay for the services we demand.