Imagine a world where you can sell an asset over 300 to 400 times: legally.
I’d like to sell my car used to 300 people and never deliver it once. Take the proceeds and buy a nice costal property……. Huh? Only works if you are a banker I guess😀.
This doesn’t even account for shorts, naked-shorts, etc……..😩😩
However we live in the world of make believe banking, so ………here’s my idea: let’s collect tax from the buyers but make legislation that we “the seller’s (us) don’t really have to pay it and we just pocket the tax too!! Win win for us (the bank) 😀😀😀.
Above is being facetious of course. But you do realize ‘banks’ can sell 300x the amount of gold, or silver for every one ounce they have on han???….. That is generalizing a bit, but point remains. Who else in the wide-wide-world-of-sports can do that????? Oh, aside from stock brokerages too……😀😀😀. It is a clown world.
Imagine a world where you can sell an asset over 300 to 400 times: legally.
I’d like to sell my car used to 300 people and never deliver it once. Take the proceeds and buy a nice costal property……. Huh? Only works if you are a banker I guess😀.
This doesn’t even account for shorts, naked-shorts, etc……..😩😩
Wouldn’t your local tax office want a “sales tax” on that or is that exempt because the car doesn’t really exist?
Great point!
However we live in the world of make believe banking, so ………here’s my idea: let’s collect tax from the buyers but make legislation that we “the seller’s (us) don’t really have to pay it and we just pocket the tax too!! Win win for us (the bank) 😀😀😀.
Above is being facetious of course. But you do realize ‘banks’ can sell 300x the amount of gold, or silver for every one ounce they have on han???….. That is generalizing a bit, but point remains. Who else in the wide-wide-world-of-sports can do that????? Oh, aside from stock brokerages too……😀😀😀. It is a clown world.