scarybeary

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    • Sat Oct 18th 01:24 AM | Rating: 0 0
      Commented on:
      Coming Soon: The $600 Trillion Derivatives Emergency Meeting
      Though all comments above have raised good points they are still missing out on some fundamental aspects of a fiat currency: fiat currency is a zero sum game, the credit side corresponds exactly to the debit side in other words whosoever owns legal title to the credit side may command goods and services from the debtor. Now the Q is, who are they? If the central banks create money they create also debtors,which is the entire economy. The profiteers are those who dont have to repay their debt - socializing of debt and privatizing of profits. The profiteer have created debts against themselfs through financial vehicles and the trick is to keep control of the credit side and shift the debit side to the public. That's easy money!
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    • Fri Jun 13th 23:18 PM | Rating: 0 0
      Commented on:
      UnitedHealth Group: Dominant Industry Leader on Sale
      As Buffet alway says, it's the long time prospect of a business model that counts. UNH is likely to be around for the next 20 -30 years. Of course it is more favorable to pick 'em up cheap.
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    • Fri Dec 7th 21:43 PM | Rating: 0 0
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      Welcome to the World of Dr. FrankenFinance
      The article is just fun to read, indeed finance is an offspring of calculated madness, superstition and Vodoo. And it all comes down to one magic word: "valuation". There is no "intrinsic" value to anything in a market economy. The "value" of Tulips changes with the market sentiment from sky high to trash. However the real magic is: it somehow works, though nobody can really tell us how it works. Dr. FrankenFinances economic theories are probably as good as any Economy Nobel-Prize winner's. Just don't ruin it by spelling Rumpelstilzes real name or deny that the king is in fact wearing cloths. This subprime "mess" is no bigger mess than the lending mess itself. The FED is lending money to the banks based on the "value" of their assets or more precisely on the assumption that there is any value to anything. So why should Mr. and Mrs. USA not get a loan on their blank ass(et)? One real reality about realty is that those houses exist and someone is going inhabit them. The rest is about cooking books and shifting rights in form of Dollar bills.
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