THOUGHT FOR THE DAY!

"Imperialism today is taking place in the context of...the 'universalization' of capitalism. It is not now primarily a matter of territorial conquest or direct military or colonial control. It is not now a matter of capitalist powers invading non-capitalist powers in order to bleed them dry directly and by brute force. Now it is more a matter of ensuring that the forces of the capitalist market prevail in every corner of the world (even if this means marginalizing and impoverishing parts of it), and of manipulating those market forces to the advantage of the most powerful capitalist economies and the United States in particular." ... "Military force is still central to the imperialist project, in some ways more than ever."-- Political scientist Ellen Meiksins-Wood, Z magazine Nov 1999, p26

 

HAPPY 'KICK OUT THE GOVERNMENT' DAY!!!

 

Derivatives Trade Soars To Record $681 Trillion

The Bank for International Settlements [BIS] is reporting Derivatives traded on exchanges surged 27 percent to a record $681 trillion in the third quarter.

The amounts are based on the notional amount underlying the contracts.

* Interest-rate futures, contracts designed to speculate on or hedge against moves in borrowing rates, led the increase with a 31 percent increase to $594 trillion.
* Trading in stock index futures and options rose 19 percent to a record $81 trillion in the third quarter, as investors speculated on whether the credit-market losses would spread to the equity markets.
* Trading in currency futures and options increased 18 percent to $6.4 trillion, the BIS said.

Investors may have shifted some trading to exchanges from the over-the-counter market to reduce the risk of counterparties defaulting on deals, the BIS said.

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Posted on Sep 20, 2008 at 12:22
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Derivatives

poorrichard

Today I had some fun with basic mathematics.. In the past I had figured out that a square mile of dollar bills ..end to end and side by side is what a hundred million dollars looks like.. So I took out a pencil and paper (because the computers don't have quadrillion division tables)
So a took a quadrillion dollars and divided it by 100 million.. The amount of dollars to the square mile.

The results were not encouraging.. It comes to 10,000,000 square miles of dollar bills.. Oh.. they say it's only 594 trillion.. or 5,400,000 square miles of dollars..

I suspect that the real government debt, after the wipe out will have the entire earth, oceans included, plus the moon's entire surface covered with dollars bills of debt.

That's what you get.. bony fingers... This must be a joke.

09/20/2008 - 12:44

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