I thought I saw the last of Bix 4 years ago. Nice bloke on the surface, but makes a living feeding BS to doomtards. Same with SGT for that matter.
Sure. My guarantee from 2 weeks is holding up http://forums.silverstackers.com/topic-71516-historic-london-silver-fix-breaks-january-28-2016.html
Agree. Didn't even have to open it to know it was rubbish - since when do derivatives fit the definition of Ponzi? :lol: Or is "Ponzi" the new generic term used by permatards to describe anything they can't understand?
Totally agree Aureus. Not even tempted to listen to the doomer. He's been calling for 1000 an ounce silver for like a 100 years. He's a whacko. But they are trying really hard to will silver and gold to go up. Lol.
I haven't watched the video yet. I might do so for entertainment purposes later today. But that doesn't mean I think there is no issues with the highly leveraged banks (including via derivative positions) and the nature of the debt structures in the economy. I don't think it is entirely invalid to call the current setup a Ponzi. It has a lot of similarities to a classical Ponzi scheme - the main one being :- Once confidence in the scheme is gone, the gig is up and lots of investors will lose a lot of money.