Your opponent is getting the best of you in this argument Dawgg.
The created contract is essentially a bet between two parties. When it’s drawn up, no one has made money yet. That comes when the object of the bet moves in price, whether that’s oil prices, bond prices, interest rates, etc.
The reason such contracts exist is to enable various parties to either reduce risk or increase risk on their current positions, depending on their preferences. As for their being “real,” when the judge tells you you do indeed owe the money it will have a real impact on your wealth.
The created contract is essentially a bet between two parties. When it’s drawn up, no one has made money yet."
Ahhh and right there it is the same exact mistake TP made.
The post you are referring to was in post 68: "Thus you create the contract to create wealth."
Noticed I said "wealth" and not currency or money. And that is because I meant exactly that, Wealth.
And the economic definition of Wealth:
From dictionary.com: Weatlh:
3. Economics:
all things that have a monetary or exchange value. anything that has utility and is capable of being appropriated or exchanged.
So that would be QED