Ahh... was not arguing with you. Agreed 100%<quoted text>
I think your half right BUT, do not make any mistake.
I believe my statement is correct.
The top echelon in the largest Wall Street firms like the CEO, CFO, CIO and a small handful of others take turns cashing in their stock options every 3 months worth $ Millions.
Real Money IMO!
Just wanted to define "imaginary" in context.
Completely agree with you that our imaginary stock market has and will pay out 'real' wealth to those who are smart enough, lucky enough and know the proper people.
But fractional reserve banking is going to fail 100% of the time.
It is by design and is a mathematical scam of the grandest proportion.
THIS is by far my biggest gripe with the plain ole' ignorance of America.
The FED would have you believe that banking is some complex form of calculus with lots of bells and whistles. It even has it's own terminology.
The fact is it is high school stuff.
I am going to create for you something only I can create. I am going to loan you 100 of them. But when you pay me back I need 130 of them.
Well, where are you going to get the extra 30? You can't create them and they do not exist.
The only way to possibly make good on your loan is to have more created by the very entity who gave you the loan in the first place.
They will happily create 30 more but you will need to pay back 40. Oh, and every one that they create DEVALUES them all.
You don't need to be a math wiz to figure out what happens when this is done on the scale of 100s. And it doesn't take a math wiz to know what happens when it occurs on the scale of trillions.
We have gone through this routine so many times our money has been devalued OVER 98%.
The scam has run it's course. It is over. We are slapping band aids on at the moment to delay the inevitable. Even if we are able to pull off some kind of "economic recovery" (which is traditionally accomplished by war here in the U.S.) it is still delaying the inevitable.
None of it will be worth anything. We need to tell the world bank to kiss our collective asses and do it ourselves. Because THAT friends and neighbors... is the American way.