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To: AntiScumbag
Probably some intern sent out to look into the market. It is very humorous how many people do not understand how much money is moved around on paper everyday. Also there is a complete lack of understanding on the how it works. Somebody (or a house) took the other side if that action. So someone has $1 billion on the fact we will not lose our rating(not the side I would pick).

BTW you have a great way of explaining it!!! Thanks! I sent your response off to some other folks who picked up on this story and got freaked out!!

48 posted on 07/26/2011 5:36:13 AM PDT by mad_as_he$$ (De Oppresso libre!)
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To: mad_as_he$$
Thanks! I sent your response off to some other folks who picked up on this story and got freaked out!!

You're welcome.

And that's a good thing. There's way too much garbage circulating on the internet that has no basis in fact. This thread is a good example, about 90% of the responses probably being much like the ignorant reactions of the folks you mention.

I've been trading this stuff for over 40 years. I rarely post anything unless it's a case of utter economic or futures-related rubbish, like this one was.

That presents a problem in that the moderators then think that my strongly stated and factually-based opinions amount to merely trashing some economic illiterate (which is usually true) instead of being an effort simply to disabuse people of tin-foil hat notions.

While I see a lot of junk here that cries out for a response, most of it simply isn't worth more than a laugh, never mind the effort to respond. This ridiculous "article" screamed for a response.

You're lucky that you saw my response at all since I'm now "moderated", after 11 years here, which inspires me to just not bother 99% of the time.

50 posted on 07/26/2011 7:48:55 AM PDT by AntiScumbag
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