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Message
re: Dow down 700 pts
Posted on 12/7/18 at 2:55 pm to Hussss
Posted on 12/7/18 at 2:55 pm to Hussss
quote:
"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."
This has taken an interesting turn.
A guy going long volatility doesn't believe in money either. I'm confused.
1
Posted on 12/7/18 at 2:58 pm to slackster
No matter what it is, if you can't stand in front of it and guard it with a gun, you don't own it. You have a claim against it when it is at a bank or brokerage and you are way on down the line getting paid on it if something happens.
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