While looking up definition for a financial gambler’s term – VIX* — I stumbled across something else. It is a simple graph — comparing two sets of numbers from 1998 through 2007. Remember that the crash of Wall Street and the banks happened near the end of 2008. So these numbers predate the crash when banks and Wall Street firms needed millions if not billions of Tax Payer funds to remain solvent.
Wikipedia is the source for the chart — Derivatives.
Derivatives = a financial contract whose value derives from the value ofunderlying stocks, bonds, currencies, commodities, etc … b : a substance that can be made from another substance, ….. 1 : arising out of or dependent on the existence of something else (from dictionary.com).
Now I understand why the stock market wants all the money in the world — they have gambled away all the money in the world already. Look at those ghost columns which represent what?? Fiction?
What or what financial groups or corporations are responsible for this massive mess? So the Tax Payers rescue con artists?
We are all truly _______________ fill in the blank.
VIX = created by the Chicago Board Options Exchange in 1993, is the Volatility Index.
Filed under: Common Sense, Corporate fascism, economics, Politics, Shock Doctrine, Social Security | Tagged: and world wealth, chicago board options, chicago board options exchange, Shock Doctrine, stock market gambling, vix, volatility index |