B-Man Posted June 30, 2018 Share Posted June 30, 2018 \ . 1 Link to comment Share on other sites More sharing options...
/dev/null Posted June 30, 2018 Share Posted June 30, 2018 7 minutes ago, Koko78 said: I think the FBI Police should investigate! Who investigate when the FBI Police does something wrong? Link to comment Share on other sites More sharing options...
Deranged Rhino Posted June 30, 2018 Share Posted June 30, 2018 3 minutes ago, /dev/null said: Who investigate when the FBI Police does something wrong? Link to comment Share on other sites More sharing options...
Foxx Posted June 30, 2018 Author Share Posted June 30, 2018 14 hours ago, GG said: I've been doing it for years. To think that a handful of wealthy families can control the global supply of money is silly at best, lunacy at worst. It's too vast, too decentralized, while totally interdependent and entirely unpredictable to be effectively controlled by a small group of people. If the theory held true, there's no way that the venerable House of Barings would be brought down by a lone idiot who hid a few wayward trades. And that's just a little example. This is not to say that the very powerful can, and do, exercise more influence than an ordinary participant. Dick Cheney has more effect on the weather machine than they do on the global financial system well ... lets see here. the USD is essentially the fiat against which all other fiat in the world is valued at, correct? the Fed controls the USD and it's market value. that sounds like decentralization to you? Barings is a non-starter here. so, let me get this straight... you believe more in the control of weather manipulation than you do in the control of financial manipulation? Link to comment Share on other sites More sharing options...
GG Posted June 30, 2018 Share Posted June 30, 2018 4 hours ago, Foxx said: well ... lets see here. the USD is essentially the fiat against which all other fiat in the world is valued at, correct? the Fed controls the USD and it's market value. that sounds like decentralization to you? Barings is a non-starter here. so, let me get this straight... you believe more in the control of weather manipulation than you do in the control of financial manipulation? You seem to not understand the difference between the definitions of manipulation and control. Link to comment Share on other sites More sharing options...
Foxx Posted June 30, 2018 Author Share Posted June 30, 2018 2 hours ago, GG said: You seem to not understand the difference between the definitions of manipulation and control. yeah, okay strawman. run along now. Link to comment Share on other sites More sharing options...
GG Posted June 30, 2018 Share Posted June 30, 2018 38 minutes ago, Foxx said: yeah, okay strawman. run along now. Yup, because you've demonstrated a keen understanding of the topic based on the links you've posted. Link to comment Share on other sites More sharing options...
meazza Posted June 30, 2018 Share Posted June 30, 2018 2 hours ago, Foxx said: yeah, okay strawman. run along now. Hows bitcoin doing ? Link to comment Share on other sites More sharing options...
Foxx Posted July 1, 2018 Author Share Posted July 1, 2018 15 hours ago, meazza said: Hows bitcoin doing ? ohhh another strawman argument that really has nothing to do with the thread at hand. well it does, but from the implication, it is a weak attempt at a low blow. i guess it all depends upon your perspective. short term, not so good. long term, fantastic. i dare you to find a better return from it's inception to today. however, there is a Bitcoin thread for that discussion if you would like. Link to comment Share on other sites More sharing options...
BringBackOrton Posted July 1, 2018 Share Posted July 1, 2018 On 6/29/2018 at 4:36 PM, GG said: Most of the time, you present highly rational arguments that are hard to pick apart. And then, as if to prove a rule, you post the above. We started the Space Force to go after the Global Elites Moon Base. Wake up sheeple! Link to comment Share on other sites More sharing options...
Foxx Posted September 28, 2018 Author Share Posted September 28, 2018 (edited) Ex-JPMorgan Traders Lost Millions on Bad Bets in Power Market Quote Two energy traders, veterans of JPMorgan Chase & Co., saw an opening. Starting in 2015, Andrew Kittell and John Bartholomew plunked down millions of dollars in bets in an obscure corner of the energy market. Their strategy depended on certain parts of America’s largest electric grid being congested, driving up power prices. But the wagers fizzled. Their portfolio, valued by some at more than $150 million, soon cratered. After failing to pay up for losing positions in June, their firm, GreenHat Energy LLC, was declared in default. And now everyone from utilities to manufacturers and residential customers are left holding the bag to make up the tens of millions of dollars in losses. Beyond that, the trading collapse shows how complex and opaque some parts of America’s energy markets have become. That’s made them vulnerable to potential gaming by Wall Street players. ... ... Warning signs soon appeared. In April 2016, DC Energy LLC, one of the largest and most experienced buyers of FTRs, raised concerns with PJM about large portfolios that had no collateral attached. Questioned by PJM, Kittell said in essence that GreenHat had contracts with a third party that would pay out more than $62 million, providing backup, according to a PJM filing with the Federal Energy Regulatory Commission. By spring 2018, GreenHat’s bets were looking bad. Upgrades had taken place to transmission lines across the Eastern U.S. that promised to lessen congestion on the grid. But instead of closing out its doomed positions, GreenHat did the opposite and doubled down. It bought additional hedges that expanded its PJM portfolio by almost half—while also serving to keep the company’s collateral requirements very low. On June 5, GreenHat received an invoice from PJM for $1.2 million to cover losses. It didn’t pay. On June 21, PJM declared GreenHat in default. Losses have continued to mount, according to PJM. The portfolio has more hedges that will probably keep losing money for three years, though it’s impossible to say exactly how much because of changing conditions with transmission lines. And that third party that GreenHat promised would cover losses? The unnamed entity told PJM that it doesn’t owe the firm anything, according to the PJM filing. Since GreenHat isn’t paying for its losing bets, that leaves it for fellow PJM market participants to pick up the tab. Some are now in a debate about how to unwind the positions—book the losses now or let the bets run their course. In the meantime, PJM has begun to charge its thousand or so members, companies that use the transmission lines to move electricity or for other purposes. Smaller businesses have to pay about $10,000, while big, active PJM participants, including the likes of Exelon Corp.and American Electric Power Co., will need to absorb the rest. Members are also debating whether several changes adopted by PJM will be enough to prevent a similar incident. PJM said in a statement that it’s investigating the situation and its options for legal action. ... Edited September 28, 2018 by Foxx Link to comment Share on other sites More sharing options...
DC Tom Posted September 28, 2018 Share Posted September 28, 2018 3 minutes ago, Foxx said: Ex-JPMorgan Traders Lost Millions on Bad Bets in Power Market Thanks, Obama! Link to comment Share on other sites More sharing options...
Foxx Posted December 1, 2018 Author Share Posted December 1, 2018 Deutsche Bank in the news again and not in a very flattering light. links to the Panama Papers and the possible Clinton Foundation, Uranium One and Rosatom scandals have emerged. perhaps one day these criminals will be prosecuted and sent to where they belong. Deutsche Bank Raids Reached Senior Managers A second day of police raids at Deutsche Bank AG targeted the offices of its management board as German authorities said they’re making “very rapid” progress investigating suspected money laundering. All eight members of the panel had their offices searched. In a statement late Friday, the firm said neither current nor former board members have been accused of wrongdoing. Yet with the bank’s leadership now drawn closer to the probe, its shares tumbled to a record low. ... Link to comment Share on other sites More sharing options...
Foxx Posted December 2, 2018 Author Share Posted December 2, 2018 Link to comment Share on other sites More sharing options...
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