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610

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[–] [Sticky] 5 pts
[–] 1 pt

Can you explain that to me like I'm @boone?

[–] 0 pt (edited )

TL;DR: derivatives are just that: assets which "derive" value from something real. For example, you and I can bet on whether an asset is going to be a certain price at a certain time. We haven't invested in anything, we've only placed bets on an outcome. Gold is traded on the derivatives market. There is more money in derivatives betting on gold than there is actual gold to cover it.

The fact these banks are 2 Quadrillion USD invested into derivatives means there is more money being bet on derivatives than there is in the entire money supply.

[–] 4 pts

Right up until the Biden administration prints more money to make them whole again.

[–] 3 pts

Except that the rest of the world isn't buying it anymore and are considering dropping the USD.

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Except that the rest of the world isn't buying it anymore and are considering dropping the USD.

There are so many participants in BRICS now, they'll have to expand the acronym. It'll be longer than LGBTQXYZFUK+ soon.

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Bronies Retards Incels Commies Socialists +++

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The federal government cannot print money

only the Federal Reserve can.

[–] 2 pts

only the Federal Reserve can.

Dammit. I was going to say Federal Reserve.
Actually, I was going to say ((( federal reserve ))) but screwed up. That's what happens when you post on Poal while listening to a conference call in the background.

[–] 0 pt

The federal government cannot print money

only the Federal Reserve can.

No, the (((federal reserve))) does not print money. It conjures up the creation of (((fiat currency))) that is printed by the Treasury/US Mint.

Only the Treasury/US Mint can print money, but we haven't used money since the great scam was perpetrated in 1913. All we've had was (((fiat currency))) that the jews call "money".

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the federal reserve owns the us mint. it was part of the federal reserve act of 1913 if I'm not mistaken.

[–] [deleted] 2 pts

All China has to do is a little push. They can break the international jew.

[–] 0 pt

China is 1000% owned by jews. Jews funded the CCP.

CCP hates America or jews more. These jews hate each other too. I'm not seeing a conflict.

[–] 2 pts

They balance their exposure to these, but we learned last time that, "gross becomes net," once parties start defaulting on each other.

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I remember looking into who was holding what and when a ways back. Was doing research for something specific. Taken from JM Bullion's site:

"JP Morgan Silver COMEX Depository Around the same time silver bullion was hitting its near $50 high in late April 2011, JPMorgan began stockpiling silver bullion in its COMEX warehouse."

Broke, as in, lacking liquidity, sure... But some of these banks are holding massive stockpiles of other very relevant assets. Precious metals is just one of those assets. And this is only what's publicly known.

Just sharing something I read a ways back. Make of it what you will. Don't forget to use your imagination...

[–] 1 pt

How much actual bullion are they holding tho and is it theirs ??

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That's the question. I'm sure the answer is like anyone else, tho. The amount is always changing. This is just from a bland search, including this answer, cuz has date:

"JP Morgan now holds 133.1 million ounces of physical silver and the world record for most silver held under one name. Today, it also owns 50% of the world’s COMEX silver bullion.Jun 4, 2019”

Has any been sold, has more been added? Idk. Thinking we'd have to work there and be high enough in the food chain to get the real answer. Just like a lot of people think that Fort Knox's vaults are empty, either way, we'd have to be there to see for ourselves

[–] 1 pt (edited )

Oik, cheers. So two things here - they 'hold' 133.1 million ounces and 'own' 50% of comex bullion - how much silver bullion does comex amount to ? comex bullion (zerohedge.com) - i wonder how they keep getting away with the same sleight of hand bull fckery everywhere .

[–] 1 pt

1 ........................................one 1,000 ................................one thousand 1,000,000 ........................one million 1,000,000,000 ................one billion 1,000,000,000,000 ........one trillion 1,000,000,000,000,000 one quadrillion

Approximately $128,000 fake dollars for everyone on Earth. Seems fake and gay, unless it's debts on debts on debts on debts on debts, none of which actually exists. Which actually seems likely.

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Exactly. Debts on debts on debts is indeed what it is. Its about as real as the "money."

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sheeit, das too many numbas, i cant read all dat

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Fractional banking has allowed them to rob us blind and then when it comes to pay the piper, implement global central banking and digital wallets. Win:win for them.

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This doesn't mean anything. Doesn't say who holds the risk, or what the risk is. You can have derivatives for all kinds of things. This is just some bullshit chart.

[–] 2 pts

We currently have fractional reserve banking where the fraction in reserve is 0%.