critique of loon theories around banking/money creation/the federal reserve

[love detective]

"It" he says.

No, derivatives are not "on par with insurance," you tosser. Not unless you count buying fire insurance on your neighbor's house and then burning it down. That is what a CDO does (look it up).

I suggest you look up what a CDO is - it's a Collaterised Debt Obligation and it does nothing of the sort

The term you were looking for above is a CDS - a Credit Default Swap

I saw you make this same error previously on this thread while also confusing an option with a swap, which suggests to me you understand precious little about either of these two things.

I will happily explain some of the basics to you (you are clearly not capable of going beyond the basics) if you calm down and start again from the beginning

Idiot

 

[TruXta]

Actually, seems I was wrong about derivative trading starting in the 17th century, this chap argues that it goes all the way back to Mesopotamia http://www.uwa.edu.au/__data/assets/pdf_file/0003/94260/08_10_Weber.pdf

 

[8ball]

Actually, seems I was wrong about derivative trading starting in the 17th century, this chap argues that it goes all the way back to Mesopotamia http://www.uwa.edu.au/__data/assets/pdf_file/0003/94260/08_10_Weber.pdf

Mesopotamia?
As in the Garden Of Eden?
As in the first place Satan crossed paths with humanity?

I knew it!!

 

[ItWillNeverWork]

And I would care what you think because?

I give up.

 

[frogwoman]

OK, the insanity level is already a leedle bit too high for this time of the morning. I'm going for coffee.

You're banned from this thread phil, so you should have gone anyway.

 

[Buckaroo]

OK, the insanity level is already a leedle bit too high for this time of the morning. I'm going for coffee.

Coffee? Did you get any sleep at all? Bad combination, caffeine and sleep deprivation, you may end up talking gibberish. Even Thatcher needed four hours.

 

[phildwyer]

I give up.

I'm not entirely sure that I can convey in mere words the sheer absoluteness of my indifference to that piece of information.

 

[ItWillNeverWork]

I'm not entirely sure that I can convey in mere words the sheer absoluteness of my indifference to that piece of information.

So indifferent that you keep on coming back and insisting you're indifferent.

 

[phildwyer]

You're banned from this thread phil, so you should have gone anyway.

Sorry.

Can I appeal?

 

[8ball]

I'm not entirely sure that I can convey in mere words the sheer absoluteness of my indifference to that piece of information.

Is it more or less absolute than the amount of indifference that would cause it to merit no reply?

 

[phildwyer]

Is it more or less absolute than the amount of indifference that would cause it to merit no reply?

Yes, yes, he got there before you. Lively up yourself.

 

[TruXta]

So, how about you explain to us what derivatives are and are not, phil?

 

[phildwyer]

So, how about you explain to us what derivatives are and are not, phil?

You're going to wake up Love Detective if you keep up this noise. And then you'll be sorry.

 

[love detective]

Ed: removed. Don't post up videos without explanation - especially ones that give away the RL ID of urbanites. Ta.

 

[SpineyNorman]

And I would care what you think because?

Well the only people I'd expect to not care about that would be... well... closet racists.

 

[phildwyer]

Well the only people I'd expect to not care about that would be... well... closet racists.

And I would care what you expect because?

 

[TruXta]

You're going to wake up Love Detective if you keep up this noise. And then you'll be sorry.

I'm glad to see him back actually, he knows this stuff far better than you and I.

love detective how's the nipper and OH doing? Getting any sleep?

 

[SpineyNorman]

And I would care what you expect because?

Because you quite obviously wish you were me. I'm younger, better looking, more popular, have a better sex life and everything. It's understandable prof, I get this all the time. I get why having your arse handed to you by non-academics on the internet would make you feel inadequate and, to be brutally honest, you are. But you're still a human being phil. Just because you can't be me that doesn't mean you can't be someone.

I hope that helps my little runner bean.

 

[frogwoman]

And I would care what you expect because?

don't you think talking about shylock is a bit dodgy phil? aren't there other non-jewish usurers around? i know you're not racist so was surprised to see you referring to him.

 

[phildwyer]

don't you think talking about shylock is a bit dodgy phil? aren't there other non-jewish usurers around? i know you're not racist so was surprised to see you referring to him.

It would be as dangerous to ignore or forget Shylock as it would to ignore or forget Hitler.

If I think someone is behaving like either one of them I'll say so.

 

[phildwyer]

Because you quite obviously wish you were me. I'm younger, better looking, more popular, have a better sex life and everything.

I bet you're not younger.

The rest I'll give you. Especially the better sex life, I'll give anyone that.

Except Pickman's Model, obviously.

 

[8ball]

don't you think talking about shylock is a bit dodgy phil? aren't there other non-jewish usurers around? i know you're not racist so was surprised to see you referring to him.

It's one of those boring troll techniques for keeping people wound up. You back off a bit, maybe ridicule things lightly, then bung in a dog whistle trope, back off a bit, rinse, repeat.

Done in a way to look a bit academic, but it's your basic Jeremy Beadle 'wind-ups by numbers' stuff.

 

[love detective]

I'm glad to see him back actually, he knows this stuff far better than you and I.

love detective how's the nipper and OH doing? Getting any sleep?

they're both doing grand thanks, getting a bit more sleep now at nights, so just normal tired now compared to the full on sleep deprivation/comatose condition of the first couple of months

I'm assuming the Professor has me on ignore as he otherwise wouldn't have made the comment he did just then to you. nice to know I rile him that much that he needs to employ artificial means to avoid confronting the indignity of continually being proved wrong at everything he writes (mind you he's going to have to ignore half the board after this thread)

 

[frogwoman]

It would be as dangerous to ignore or forget Shylock as it would to ignore or forget Hitler.

If I think someone is behaving like either one of them I'll say so.

shylock is a fictional character though and he's portrayed in a fairly (but not entirely) anti-semitic way. if hitler was five hundred years ago and fictionally made up for an anti-german play on the evils of dictators (and germans), and if calling somebody hitler was a common anti-german insult, you might have a point tbh.

 

[equationgirl]

Get out of here Blagsta you Nazi scum.

Bang out of order Phil, and completely uncalled for.

 

[frogwoman]

they're both doing grand thanks, getting a bit more sleep now at nights, so just normal tired now compared to the full on sleep deprivation/comatose condition of the first couple of months

I'm assuming the Professor has me on ignore as he otherwise wouldn't have made the comment he did just then to you. nice to know I rile him that much that he needs to employ artificial means to avoid confronting the indignity of continually being proved wrong at everything he writes (mind you he's going to have to ignore half the board after this thread)

glad to hear you're all doing OK.

 

[TruXta]

they're both doing grand thanks, getting a bit more sleep now at nights, so just normal tired now compared to the full on sleep deprivation/comatose condition of the first couple of months

I'm assuming the Professor has me on ignore as he otherwise wouldn't have made the comment he did just then to you. nice to know I rile him that much that he needs to employ artificial means to avoid confronting the indignity of continually being proved wrong at everything he writes (mind you he's going to have to ignore half the board after this thread)

I'm guessing he doesn't have you on ignore, he just knows you'll fuck him over so skips replying to you.

 

[phildwyer]

shylock is a fictional character though and he's portrayed in a fairly (but not entirely) anti-semitic way. if hitler was five hundred years ago and fictional, and if calling somebody hitler was a common anti-german insult, you might have a point tbh.

Come up with a better term of abuse for "usurer" and I'll use it.

"Penny-father" doesn't pack quite the same punch.

 

[frogwoman]

Come up with a better term of abuse for "usurer" and I'll use it.

"Penny-father" doesn't pack quite the same punch.

loan shark?

 

[love detective]

glad to hear you're all doing OK.

thanks