Stock market

[mkd]

If you think it's hard to wrap your head around fractional reserve banking, try to think about paper gold. It's sold/held in different funds in much higher amounts than actually exists. Nutty and legal ponzie scheme

[Newbeeee™]

If you think it's hard to wrap your head around fractional reserve banking, try to think about paper gold. It's sold/held in different funds in much higher amounts than actually exists. Nutty and legal ponzie scheme

I remember prolly 20 years ago, reading into silver. At the time, there was 11x more volume traded (paper) than in existence....Gold....

Bwahahahaha before posting this, I thought I'd Chatgeeeepeeeeteeee it.
There are between 100 and 500 times more "paper" silver claims than physical silver available.

And gold....
Most estimates suggest that the amount of "paper gold" traded is between 50 and 100 times greater than the actual physical gold available for delivery at any given time.

So....unsure if BS, or unsure if that's because less gold is traded, because higher value?
I would have thought it more in line with the silver made-up BS Ratio (100>500) because it's a made-up BS world!
Abso lutely unbe lievable, how it can happen. BuTT....

[pmartin]

I remember prolly 20 years ago, reading into silver. At the time, there was 11x more volume traded (paper) than in existence....Gold....

Bwahahahaha before posting this, I thought I'd Chatgeeeepeeeeteeee it.
There are between 100 and 500 times more "paper" silver claims than physical silver available.

And gold....
Most estimates suggest that the amount of "paper gold" traded is between 50 and 100 times greater than the actual physical gold available for delivery at any given time.

So....unsure if BS, or unsure if that's because less gold is traded, because higher value?
I would have thought it more in line with the silver made-up BS Ratio (100>500) because it's a made-up BS world!
Abso lutely unbe lievable, how it can happen. BuTT....

Well if you think about it(apart from getting a splitting headache) The actual amount of gold and silver compared to paper gold or silver far exceeds the physical basis of value for crypto, which is NADA.

[SuperHoneyBadger]

Well if you think about it(apart from getting a splitting headache) The actual amount of gold and silver compared to paper gold or silver far exceeds the physical basis of value for crypto, which is NADA.

Whatever the crypto freedom fighters say, it's firmly rooted in "own nothing, and like it", IMO.

[Newbeeee™]

Well if you think about it(apart from getting a splitting headache) The actual amount of gold and silver compared to paper gold or silver far exceeds the physical basis of value for crypto, which is NADA.

CRYPTO....the invention of a Chatham House policy paper back in the day....to be introduced in Oct this year in the EU, the "programmable Euro".
Still, not "that" much different to cash when you put it in the bank, because we're legally handing ownership over to them, for them to do whatever they want with it....

[Rstewart]

Didn't read thru everything @Smit posted but it appears the bargaining tactics seem to be working well.
Yes, I know old man but, but, Trump! 

[neurosis]

[Smit]

Didn't read thru everything @Smit posted but it appears the bargaining tactics seem to be working well.
Yes, I know old man but, but, Trump! 

Lol. This mfer had to come here and tell me, specifically, about it. 

RENT FREE!!

I am impressed though, this must surely put you in the fkn SUPER GENIUS group. You have few peers sir. 

:edit: Actually I should have said quite a few peers. It seems every day another SUPER GENIUS pops up talking about Trumps excellent "bargaining tactics." 

MAGA

[Smit]

I think this is China's attempt to teach Trump what the word "reciprocal" means.

Live updates: Global tariff battle escalates as China retaliates with 125% tariffs on US goods

[gcode]

Lol. This mfer

have you noticed the more interesting things get, the more mfers Smit's got
by the end of the Trump Admin, Smit's going to sound like a street hustler back on the block 

[beej]

Lol. This mfer had to come here and tell me, specifically, about it. 

RENT FREE!!

I am impressed though, this must surely put you in the fkn SUPER GENIUS group. You have few peers sir. 

:edit: Actually I should have said quite a few peers. It seems every day another SUPER GENIUS pops up talking about Trumps excellent "bargaining tactics." 

MAGA

LOL @ super genius. That just put a funny image in my head.

after all the impeachments, investigations, law suits, and assassination attempts it has occurred to me, that Trump is the roadrunner and democrats are Wylie Coyote super geniuses. 

GO ACME!   

[Smit]

have you noticed the more interesting things get, the more mfers Smit's got
by the end of the Trump Admin, Smit's going to sound like a street hustler back on the block 

Naw, I reserve mfers for only my most "special" Trumper associates.

Although it seems more of those people are popping up all the time. I always though Rstewart was just an average guy until he came out of the closet as a Trump cultist.

I'm sorry if you don't feel "special" gcode. Maye if you try harder. Give me a place to live, that kind of thing.

LOL @ super genius. That just put a funny image in my head.

after all the impeachments, investigations, law suits, and assassination attempts it has occurred to me, that Trump is the roadrunner and democrats are Wylie Coyote super geniuses. 

GO ACME!   

Surprisingly, I see things a little differently.

To me Trump is the big coyote and is surrounded by a whole bunch of fellow coyotes who get to vote on whether he's guilty or not, and the little coyotes always stick together because the little coyotes are afraid the big coyote would tell all the coyote cult members of the big coyote to not vote for the little coyotes if they weren't loyal enough to the big coyote.

The roadrunner is looking at them thinking "WTF?" 

[gcode]

I'm sorry if you don't feel "special" gcode. Maye if you try harder. Give me a place to live, that kind of thing.

You don't live in my head and I'm glad of it. I've got no room for all that hate.

[Smit]

You don't live in my head and I'm glad of it. I've got no room for all that hate.

Lol. Your head is already full of hate for immigrants, LGBTQ, democrats, likely islamic people....what else?

Atheists? Agnostics? People who think Republicans are hypocrites and full of shit?

Anyway, nice try but you're still NOT a SUPER GENIUS!

[beej]

Lol. Your head is already full of hate for immigrants, LGBTQ, democrats, likely islamic people....what else?

do you see how you lump individuals into groups? you might be what you accuse others of.