I think there is a lot of leveraged buying with derivatives and they are dangerous, just like paper gold shares. If everyone redeemed their paper gold shares tomorrow about 10% would ever get any real gold in their hands the rest would be holding empty sacks just like an old fashioned run on the banks. It's all a big ponzi scheme.
I don't think any derivatives dealers are sitting around with 700 trillion in their vaults.
All the protections were removed when Glass-Steagall was repealed by Clintons Financial Modernization Act. Only people taking physical delivery could buy commodities. No printing fake gold, oil, corn shares out of thin air and Banks were prohibited from purchasing anything on Wall Street. All those safeguards were made law after the Great Depression caused by Wall Street.
ur right oops hitting delete in 1...2...3.. i knew 100 trillion didn't sound right.. this stuff is tough on guys who never have more than a couple hundred in their pockets at a time :)
Well it was said in the video from today till September. 4billion a day is like less than 750billion. So he musta said 1 trillion as you said, and Peter misheard him.
There is over 700 trillion in the equities and derivatives markets alone.
I think there is a lot of leveraged buying with derivatives and they are dangerous, just like paper gold shares. If everyone redeemed their paper gold shares tomorrow about 10% would ever get any real gold in their hands the rest would be holding empty sacks just like an old fashioned run on the banks. It's all a big ponzi scheme. I don't think any derivatives dealers are sitting around with 700 trillion in their vaults. All the protections were removed when Glass-Steagall was repealed by Clintons Financial Modernization Act. Only people taking physical delivery could buy commodities. No printing fake gold, oil, corn shares out of thin air and Banks were prohibited from purchasing anything on Wall Street. All those safeguards were made law after the Great Depression caused by Wall Street.
I thought Musk said 1-trillion - Ducey said 100-trillion.
Using your own numbers it equals 840 billion. Where you getting 100 billion? He musta said 1 trillion.
ur right oops hitting delete in 1...2...3.. i knew 100 trillion didn't sound right.. this stuff is tough on guys who never have more than a couple hundred in their pockets at a time :)
I’m confident he either said or meant 1 trillion.
I know what heard from Elon's mouth 1-trillion, I'm not listening to any MSM for news.. he's numbers don't add up.
4-billion x 365 days equals 1,460,000,000,000 trillion.
Well it was said in the video from today till September. 4billion a day is like less than 750billion. So he musta said 1 trillion as you said, and Peter misheard him.