I hope everyone reading this realizes that commodity futures are useful and easily distinguished from prediction markets, which are a ruse to get around restrictions on gambling.
The world did fine before derivatives. In fact some might say it did even better. And gambling only makes the wealth gap worse. And there is a ton of nasty incentives linked to it.
The Hittites and Bronze-Age Egyptians had forward-deliverable contracts that, if you squint, they would trade amongst each other. The idea of being able to assign a contract to a third party to which you're a beneficiary is about as old as civilisation. In part because it's obvious. In part because it's impossible to police. But mostly because it's useful.
(I'm ignoring insurance and reinsurance, both of which are derivatives and rely heavily upon them.)
Nonsense. Derivatives have been actively traded in the USA at least since 1848 (and even earlier in other countries). Nothing was better about the world in 1847.
> This is the way the jew make money.. and made a fortune the past ten years, selling short the shipping futures, let the goyim deal in the real world.
One instance obviously, but not often do you hear them say the quiet part out loud. Most of the times it’s just firms profiting off hardship and/or prior knowledge, which is easy to hide.
A lot of people reaction to understanding what derivatives are are also to try and make them go away. Thinking derivatives are legalized gambling, and being against gambling entirely, doesn't require a lack of understanding of derivatives to be against them.
> thinking derivatives are legalized gambling, and being against gambling entirely, doesn't require a lack of understanding of derivatives to be against them
No, but anyone who has an introductory knowledge of derivatives and their history will know of the Onion Futures Act, which banned "the trading of futures contracts on onions" to predictable (albeit long term) effects.
Broadly speaking, the less someone knows about derivatives and the further their work is from the production of any good (versus services), the more likely they are to get upset about it.
I hope everyone reading this realizes that commodity futures are useful and easily distinguished from prediction markets, which are a ruse to get around restrictions on gambling.
The world did fine before derivatives. In fact some might say it did even better. And gambling only makes the wealth gap worse. And there is a ton of nasty incentives linked to it.
> world did fine before derivatives
The Hittites and Bronze-Age Egyptians had forward-deliverable contracts that, if you squint, they would trade amongst each other. The idea of being able to assign a contract to a third party to which you're a beneficiary is about as old as civilisation. In part because it's obvious. In part because it's impossible to police. But mostly because it's useful.
(I'm ignoring insurance and reinsurance, both of which are derivatives and rely heavily upon them.)
Nonsense. Derivatives have been actively traded in the USA at least since 1848 (and even earlier in other countries). Nothing was better about the world in 1847.
Incase you missed this in the Epstein files:
> This is the way the jew make money.. and made a fortune the past ten years, selling short the shipping futures, let the goyim deal in the real world.
One instance obviously, but not often do you hear them say the quiet part out loud. Most of the times it’s just firms profiting off hardship and/or prior knowledge, which is easy to hide.
Who’s “we”?
You or I certainly don’t have a say in this
/s?
Don’t think so. A lot of peoples’ first reaction to something they don’t understand is to try and make it go away.
A lot of people reaction to understanding what derivatives are are also to try and make them go away. Thinking derivatives are legalized gambling, and being against gambling entirely, doesn't require a lack of understanding of derivatives to be against them.
> thinking derivatives are legalized gambling, and being against gambling entirely, doesn't require a lack of understanding of derivatives to be against them
No, but anyone who has an introductory knowledge of derivatives and their history will know of the Onion Futures Act, which banned "the trading of futures contracts on onions" to predictable (albeit long term) effects.
Broadly speaking, the less someone knows about derivatives and the further their work is from the production of any good (versus services), the more likely they are to get upset about it.
[1] https://en.wikipedia.org/wiki/Onion_Futures_Act#cite_note-fo...