cheekybastard

Using History to Plan Near-Term Investing

@phillips49

Did you just watch Oliver Stone's Wall Street recently and decide to repeat the "zero sum game" message? News flash. That was a movie.

This, however, is real life where concepts like money creation are very real. Yes, lots of money evaporated this week -- lots of money that was created out of thin air in the past. More will evaporate in the coming weeks/months/years.

Just think about this -- there are around $60 trillion in credit default swaps in existence. The GDP of the world is only around $55 trillion. Only the naive believe that everything is fine and can easily be fixed by politicians that don't understand.