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re: Dow down 700 pts
Posted on 12/7/18 at 2:47 pm to Hussss
Posted on 12/7/18 at 2:47 pm to Hussss
quote:Are you still referring to people owning and selling their stocks? If so, your sentence makes no sense at all.
but digits on a screen are only CLAIMS. The "money" is not even there. There are way too many claims for actual money to be there.
Stocks are not "claims" on a company, they are shares of ownership in a company. When someone sells his stock, the company does not pay him, the buyer of his shares pays him. And if the buyer doesn't have the money to buy the shares, the seller keeps his shares.
What is your meaning?
2
Posted on 12/7/18 at 2:50 pm to LSURussian
Pretty sure we’re being trolled, but I’m playing along just in case this is real life
Posted on 12/7/18 at 2:53 pm to LSURussian
"Money" on the screen whether at a bank OR a brokerage is really not there.
Same with your mortgage. It was created out of thin air (all "money" is first created as debt) and is not even real until you start paying on it with your labor credits "money."
Same with your mortgage. It was created out of thin air (all "money" is first created as debt) and is not even real until you start paying on it with your labor credits "money."
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