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Post by imSINGLEruRICH on May 15, 2014 20:17:56 GMT -5
Well, I won't/can't make a judgment one way or the other...... not informed enough to do so. One thing though I have learned through this never ending saga is to never ever discount anything, in regards to CMKX. Look at all the twists and turns we have already experienced. My gut tells me there will be more to come. Wild ride to say the least.
I just found this on the web....
By: klonopin2mg 17 Jul 2011, 09:54 PM EDT Rating: post rating 4 Rate this post: Msg. 1028261 of 1028282 (Reply to 1028221 by silverbulletny1) Jump to msg. #
silverbulletny1
Urban Casavant said clearly at the races in 2004 that "IT" was all hidden in the derivative markets.
SINGLE
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Post by mygirlwantsarock on May 15, 2014 21:16:34 GMT -5
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Post by marbearcat on May 15, 2014 21:30:18 GMT -5
Well, I won't/can't make a judgment one way or the other...... not informed enough to do so. One thing though I have learned through this never ending saga is to never ever discount anything, in regards to CMKX. Look at all the twists and turns we have already experienced. My gut tells me there will be more to come. Wild ride to say the least.
I just found this on the web....By: klonopin2mg 17 Jul 2011, 09:54 PM EDT Rating: post rating 4 Rate this post: Msg. 1028261 of 1028282 (Reply to 1028221 by silverbulletny1) Jump to msg. #silverbulletny1 Urban Casavant said clearly at the races in 2004 that "IT" was all hidden in the derivative markets. SINGLE Is it possible that all those twists and turns were lies? Yes there surely is more to come. No doubt about that. Good evening!
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Post by mygirlwantsarock on May 15, 2014 21:54:46 GMT -5
UC must have been a great psychic in 2004 to come up with such a fantastic lie. Good night everyone
D Dan
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Post by marbearcat on May 15, 2014 22:02:23 GMT -5
UC must have been a great psychic in 2004 to come up with such a fantastic lie. Good night everyone D Dan And yet there's still no proof any of this is connected to our stock. I know, I know, it must be kept a secret. We don't want the bad guys to know that we know. Ssssssh! =^ .". ^=.
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Post by imSINGLEruRICH on May 16, 2014 5:27:41 GMT -5
Is it possible that all those twists and turns were lies? Yes there surely is more to come. No doubt about that. Good evening! Well... Guess it is all how you look at it.Anything is possible in CMKXland. After all, Look at the many delays, in the court system to this (as Court Officials describe) a very "Complicated Case". Do I believe everything (or as you say ALL twists & turns) is lumped into one category... either, "Lies" or "Truths" ?? NOPE. ..... Cat .. Just curious.......Your thoughts that ALL twists & turns are lies... is not the reason your having a "good evening"...is it?? Lies = Truths Truths = Lies Lies = Lies Truths= Truths To each their own.... SINGLE
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Post by John Winston Lennon O'Boogie on May 16, 2014 6:30:51 GMT -5
Yes, many have brought up U.C. mentioning derivatives. Still, I see no proof it has anything to do with cmkx. I do believe Urban's master plan was to rip off the company, and that means the shareholders. Weather or not he drunkenly stumbled onto massively valuable claims or a massive short by "the bad guys" during his conning of the shareholders is anyone's guess and is the only reason I'm still watching this. I don't kid myself by believing Urban is some sort of hero. No evidence of that either. =^ .". ^= " You better hope this is not true.. If it is then we really are fools for sitting here waiting for a payout.. So far UC and his boys never seen a Judge yet on these charges. I'm not sure if he is dead or if Edwards is really in a jail in England. My guess is they will never see the Judge.. How many have gone before the Judge in the last 10 years on the very same charges as this..? They are just not telling the truthful story here.. Too many players have gone forward in this story. Glenn is one of the big ones. JMHO
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Post by John Winston Lennon O'Boogie on May 16, 2014 8:05:55 GMT -5
The derivatives market is the financial market for derivatives, financial instruments like futures contracts or options, which are derived from other forms of assets. The market can be divided into two, that for exchange-traded derivatives and that for over-the-counter derivatives. The legal nature of these products is very different as well as the way they are traded, though many market participants are active in both. Futures markets[edit]Main article: Futures exchange Futures exchanges, such as Euronext.liffe and the Chicago Mercantile Exchange, trade in standardized derivative contracts. These are options contracts and futures contracts on a whole range of underlying products. The members of the exchange hold positions in these contracts with the exchange, who acts as central counterparty. When one party goes long (buys a futures contract), another goes short (sells). When a new contract is introduced, the total position in the contract is zero. Therefore, the sum of all the long positions must be equal to the sum of all the short positions. In other words, risk is transferred from one party to another. The total notional amount of all the outstanding positions at the end of June 2004 stood at $53 trillion. (source: Bank for International Settlements (BIS): [1]). That figure grew to $81 trillion by the end of March 2008 (source: BIS [2]) Over-the-counter markets[edit]Tailor-made derivatives, not traded on a futures exchange are traded on over-the-counter markets, also known as the OTC market. These consist of investment banks who have traders who make markets in these derivatives, and clients such as hedge funds, commercial banks, government sponsored enterprises, etc. Products that are always traded over-the-counter are swaps, forward rate agreements, forward contracts, credit derivatives, accumulators etc. The total notional amount of all the outstanding positions at the end of June 2004 stood at $220 trillion. (source: BIS: [3]). By the end of 2007 this figure had risen to $596 trillion and in 2009 it stood at $615 trillion. (source: BIS: [4]) Netting[edit]Global: US: Figures below are from SECOND QUARTER, 2008 [5] Total derivatives (notional amount): $182.2 trillion (SECOND QUARTER, 2008) Interest rate contracts: $145.0 trillion (80%) Foreign exchange contracts: $18.2 trillion(10%) 2008 Second Quarter, banks reported trading revenues of $1.6 billion Total number of commercial banks holding derivatives: 975 [6] According to Bank for International Settlements "$516 trillion at the end of June 2007" Positions in the OTC derivatives market have increased at a rapid pace since the last triennial survey was undertaken in 2004. Notional amounts outstanding of such instruments totalled $516 trillion at the end of June 2007, 135% higher than the level recorded in the 2004 survey (Graph 4). This corresponds to an annualised compound rate of growth of 33%, which is higher than the approximatively 25% average annual rate of increase since positions in OTC derivatives were first surveyed by the BIS in 1995. Notional amounts outstanding provide useful information on the structure of the OTC derivatives market but should not be interpreted as a measure of the riskiness of these positions. Gross market values, which represent the cost of replacing all open contracts at the prevailing market prices, have increased by 74% since 2004, to $11 trillion at the end of June 2007. (page 28, www.bis.org/publ/qtrpdf/r_qt0712.pdf) [7] Notional amounts outstanding as of December 2012 are $632 trillion as per recent survey. (http://www.bis.org/statistics/dt1920a.pdf) Controversy about the financial crisis[edit] This section does not cite any references or sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. (August 2009) The derivative markets have been accused lately for their alleged role in the financial crisis of 2007-2010. The leveraged operations are said to have generated an “irrational appeal” for risk taking, and the lack of clearing obligations also appeared as very damaging for the balance of the market. The G-20’s proposals for financial markets reform all stress these points, and suggest: higher capital standards stronger risk management international surveillance of financial firms' operations dynamic capital rules.
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Post by mygirlwantsarock on May 16, 2014 14:29:17 GMT -5
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Post by theotherside on May 16, 2014 15:44:44 GMT -5
The 1.2 quadrillion number is completely meaningless. Simple equity option contracts are a part of the derivative market. I can purchase an option contract for let's say 100 dollars that will represent (control) 10 thousand dollars worth of stock. Doesn't matter how much stock I control, my risk is limited to my 100 dollar investment. But when the size of the derivative market is calculated and they come around to my contract, the 10 thousand dollar figure is the one that's used, not the 100 dollars that's the actual cost and risk of the contract. It's estimated that the actual credit risk equivalent of the 1.2 quadrillion number is somewhere around 5% of that number.
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Post by John Winston Lennon O'Boogie on May 16, 2014 16:35:32 GMT -5
The 1.2 quadrillion number is completely meaningless. Simple equity option contracts are a part of the derivative market. I can purchase an option contract for let's say 100 dollars that will represent (control) 10 thousand dollars worth of stock. Doesn't matter how much stock I control, my risk is limited to my 100 dollar investment. But when the size of the derivative market is calculated and they come around to my contract, the 10 thousand dollar figure is the one that's used, not the 100 dollars that's the actual cost and risk of the contract. It's estimated that the actual credit risk equivalent of the 1.2 quadrillion number is somewhere around 5% of that number. And if you take that risk for 10 years,, what do you think it would be worth..?
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Deleted
Deleted Member
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Post by Deleted on May 16, 2014 16:50:12 GMT -5
"If the dollar takes a hit, we should see higher interest rates, and those higher rates will eventually trigger a collapse of the estimated $500 TRILLION in interest rate derivatives primarily held by the major US banks. "
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Post by mygirlwantsarock on May 16, 2014 17:49:10 GMT -5
The dollar is taking a hit. China and Russia are about to enter a huge NatGas deal without using the dollar as a peg. Nice new missle systems the Saudis purchased from China. Looks like the Saudis are getting away from the dollar. Look at the SDR issued by the IMF for the Ukraine bailout. The dollar is at only about 42% of the basket of currency issuance with a stipulation that the IMF can lower that at anytime. Review all other IMF SDR issuances and you will see that the dollar previously was the predominant currency that comprised the SDR. Basel III implementation coming on line soon too. The dollar is being hit. You can see it in the news everyday. Going back to the original point of this thread though is that mere fact that China is opening towards a more "free market" system meaning the currant global banking platform is done and a new platform is now in place. China would never open their markets with the present system intact.
D Dan
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Post by mygirlwantsarock on May 16, 2014 18:45:07 GMT -5
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Post by marbearcat on May 16, 2014 18:47:05 GMT -5
Yes, many have brought up U.C. mentioning derivatives. Still, I see no proof it has anything to do with cmkx. I do believe Urban's master plan was to rip off the company, and that means the shareholders. Weather or not he drunkenly stumbled onto massively valuable claims or a massive short by "the bad guys" during his conning of the shareholders is anyone's guess and is the only reason I'm still watching this. I don't kid myself by believing Urban is some sort of hero. No evidence of that either. =^ .". ^= " You better hope this is not true.. If it is then we really are fools for sitting here waiting for a payout.. So far UC and his boys never seen a Judge yet on these charges. I'm not sure if he is dead or if Edwards is really in a jail in England. My guess is they will never see the Judge.. How many have gone before the Judge in the last 10 years on the very same charges as this..? They are just not telling the truthful story here.. Too many players have gone forward in this story. Glenn is one of the big ones. JMHO U.C. ran for the border, what does that tell you? Heck yea he conned us.
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