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To: Just mythoughts
How does 'cash' evaporate? This is sounding like voodoo magic.

When you hold a highly leveraged piece of paper and its value drops, your broker comes and takes away any cash you had in a margin call. Your so-called wealth just evaporated in the night like voodoo magic.

45 posted on 01/31/2009 7:06:08 PM PST by AndyJackson
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To: AndyJackson
When you hold a highly leveraged piece of paper and its value drops, your broker comes and takes away any cash you had in a margin call. Your so-called wealth just evaporated in the night like voodoo magic.

I am no economics brain, but isn't this just a global gambling operation? How could so many have the ability to in concert, deflate the economic balloon? Because the whole world appears to be sifting through their ashes trying to find any scrap of paper with what could be claimed to have value.

What is next? I have not read anywhere or seen evidence yet that anyone knows what to do to put the balloon back together. All I keep reading and hearing is more money, 'highly leveraged pieces of paper' keeps getting dumped down the same drain pipes.

46 posted on 02/01/2009 2:46:21 AM PST by Just mythoughts
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