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  #61  
Old 06-22-2007, 12:51 PM
Innocent Kitty Innocent Kitty is offline
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Default Re: $1.4 Million Day

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Jesus, for those who don't get it:

Wolfy borrowed $2,000,000 from the missus (?), a world famous jelwer. With that money, plus some serious leverage (short term loans from your broker), he short-sold 30-year bonds. To short sell something mean to borrow it from someone, sell it, and at some point later buy it again and give it back. Its the opposite of buying something, in that you make money when the price drops. 30-year bonds closed 1/2 point lower than yesterday, and now wolfy is worth $1.4 mil more than he was yesterday.

Alles klar?

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Classic example of people who already have money basically not doing a damned thing and amassing more fortune.

What a scam capitalism is.

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What's the better alternative?
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  #62  
Old 06-22-2007, 01:49 PM
deluz35 deluz35 is offline
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Default Re: $1.4 Million Day

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What a scam capitalism is.

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What's the better alternative?

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LOL at a poker player condemning capitalism! The height of absurdity.

The scam is is not capitalism per se, but collusion between the bankers and government. Of course, if the public doesn't bother to educate themselves, they are to blame.

It's just like poker--an aggressive player will run you over until you start playing back. At this point the bankers are running over the taxpayers because the taxpayers are hypnotized slaves who are not fighting back.

What is required is an overhaul of the entire government. Don't vote for any Democrat or Republican, period. Only vote for candidates that are financially independent (i.e. can't be bought). And stop paying taxes.

The transitional solution is a balance between Libertarian + Green. America needs to go into detox for its war addiction. Does capitalism = war profiteering? Not necessarily, but it's all we see in our history, so it appears capitalism can only be a scam predicated on slavery.

Game theory is sticky. Competition is good within a cooperative framework. Competition and cooperation are not mutually exclusive. They are interdependent. Social Darwinism is a radical misinterpretation of Nature and leads to poor outcomes for 95% of the global population. If we treat the economy only like a poker game, then just 5% of the people will be winners, and we all lose when this happens because we are not separate.
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  #63  
Old 06-22-2007, 02:14 PM
NajdorfDefense NajdorfDefense is offline
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Location: Manhattan
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Default Re: $1.4 Million Day

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[ QUOTE ]
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What a scam capitalism is.

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What's the better alternative?

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LOL at a poker player condemning capitalism! The height of absurdity.

The scam is is not capitalism per se, but collusion between the bankers and government.

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LOLOL. Are these Zionist bankers as well?

You realize you can start a de novo bank any time you want, right?
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  #64  
Old 06-22-2007, 02:44 PM
deluz35 deluz35 is offline
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Default Re: $1.4 Million Day

I used the term "bankers" a bit too loosely. By bankers, I mean the private financiers and their agents who run the world's central banks (and thus de facto control the government). The problem is essentially that banks are bailed out by the government, which means taxpayers.

The responsibility ultimately lies with the taxpayers. The only "scam" here is the peristent inflation generated by endless debt financing and goverment bailouts. As long as the taxpaying sheep are willing to support a system which fleeces them and makes the "bankers" richer, they have no one to blame but themselves.

It's nothing new--give them easy credit and make them slaves. And when your loans go sour, make the poor suckers pay for those too! Who paid for the S & L crisis? Who is paying for the massive war deficits now? So who is John Q Public working for? The "bankers" who hold his mortgage and use his taxes to make arms to profit from endless war.

Zionism or any state/religious/racial ideology is a sideshow. Resource control is the issue.
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  #65  
Old 06-22-2007, 02:59 PM
SonofDjugashvili SonofDjugashvili is offline
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Default Re: $1.4 Million Day

We have nothing to lose but our chains?
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  #66  
Old 06-22-2007, 03:09 PM
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Default Post deleted by Mat Sklansky

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  #67  
Old 06-22-2007, 03:59 PM
KurtSF KurtSF is offline
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Join Date: Jul 2006
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Default Re: $1.4 Million Day

[ QUOTE ]
Nice work

Can you tell me how to buy stock on margin at more than 1:1?

Like say I thought Google was going to go up a whole bunch tomorrow, how could I maximize my return (or loss) on that information? My broker lets me borrow $1 for each $1 I have in my account...I wouldn't really call that rocket fuel OR steriods.

Thanks

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options FTW
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  #68  
Old 06-22-2007, 04:01 PM
bkynmike bkynmike is offline
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Join Date: Jan 2007
Posts: 24
Default Re: $1.4 Million Day

[ QUOTE ]
Nice work

Can you tell me how to buy stock on margin at more than 1:1?

Like say I thought Google was going to go up a whole bunch tomorrow, how could I maximize my return (or loss) on that information? My broker lets me borrow $1 for each $1 I have in my account...I wouldn't really call that rocket fuel OR steriods.

Thanks

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You can only get 50 % on Stock . So if you have 100,000, you can get 200,000 buying power. Future and other items can be leveraged more but not equities.

If you knew of a stock that was going to move, best things to do is buy calls. more bang for youre buck.
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  #69  
Old 06-22-2007, 05:59 PM
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Default Post deleted by Mat Sklansky

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  #70  
Old 06-22-2007, 06:54 PM
sirtimo sirtimo is offline
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Default Re: $1.4 Million Day

Wolf,

just wanted to say, you are my new hero [img]/images/graemlins/smile.gif[/img] rock on dude!



(no shipping of moniezs required)
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