And there was a lot of speculation at the time that you know the i. M. F. Was kind of greasing the skids for yet another metaphor. To cause the greek meltdown remember there was a lot of shenanigans going on Goldman Sachs cooked the books for grace that they could get into the euro under the master trading they they obliterated all the rules and regulations they got them in then greece quickly went into the garbage dump became a flaming dumpster and the i. M. F. Suddenly had a role to play it something was relevant to the yen and now here we are in 2020 and the i. M. F. Is like bailing out half the world over there i made a good job themselves of it because theyve become somebody in this world you know the i. M. F. From from being almost completely marginalized and worthless well back about 100 years ago we had this notion of communism and socialism and the workers would gain all the power and the workers would gain all the wealth but now weve discovered that nobody actually has to wor
The i. M. F. Is like bailing out half the world over there i made a good job themselves of it because theyve become somebody in this world you know the i. M. F. From from being almost completely marginalized and worthless well back about 100 years ago we had this notion of communism and socialism and the workers would gain all the power and the workers would gain all the wealth but now weve discovered that nobody actually has to work theres no work anymore and we find out when everybodys quarantined because nothings being made right there is and still like the economy their stock markets are floating up higher and higher and everything seems ok right now but now everybody has discovered the magic of the Printing Press and this is the danger of here its like well they could just print out money like what was all that stuff about with greece why were they forcing austerity on them when apparently they have a trillion dollars like how does the i. M. F. Which cant produce wealth right they
Managing risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those are yes but once theyre Risk Management tools starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and as the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward
Risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those r. s but once theyre Risk Management tools starting in 1971 the portfolio insurance crash the markets the fed came into the rescue and thats the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk and the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward and to trade
Starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and thats the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward and to trade it separately thats what the options volatility formula which was a nobel winning prize winning formula is all about to split almost like a sporting energy from matter youre splitting risk from reward and so what bankers on wall street have been really good at doing is making sure that they dont have any risk and that their risk somehow alw