He's never created anything only bought other peoples ideas. Sad!

He's never created anything only bought other peoples ideas. Sad!

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>only bought other peoples ideas
And he is the best at it.

You are a dumb faggot.

>never created anything
hur dur only physical objects are real hur dur

>implying most rich people actually create wealth

why do you think the derivatives market was hundreds of trillions?!?

its usury

>its usury

tfw someone in a bread isn't utterly cucked

Which derivatives? Options and futures aren't usury. Credit default swaps are closer to a casino, than usury. Mortgage backed securities and CDOs are not exactly usury either, though they were based on shitty loans. But they eventually fucked up their own holders, not so much the borrowers (people who bought homes).

>t. financier

money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

>financier

wtf I trust you now, please tell how to live my life you powerful merchant

> What are derivatives
> What is hedging
> What is securitization
> What is liquidity
Derivatives are bitched about by people who don't know how this shit works, they improve the market.

Yes tell us oligarch... Ya lublu neft....

How do they "improve the market"?

aha I going to trust you kikes for sure.

money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

yes that is correct

that's every kike everywhere. they do not make anything, ever.

Don't trust the other American. He doesn't seem to know what he is talking about.

>t. economist BS UC Berkeley '04 UCLA '07

That's how most of these people became rich. Gates or Jobs also didn't create their products, other people were behind it.

>90 percent growth since 2012

Seems like wealth creation to me >:)

Jobs for damn sure didn't create his products. He wasn't even an engineer and didn't know how to program. that was Wozniaks job. He did know how to sell.

If you want to get rich you must deligate. Cant do it all yourself.

They're basically just insurance contracts.

He gave his capital to realize the production of other people's innovation. Commies are so damn dumb man.

Yet how do they differ from insurance contracts. That is an extremely important point.

I mean, they are contracts that do a specified thing on a specified date if a specified condition is met.
Same thing as an insurance contract.

That's what I meant. Gates also didn't create MS-DOS, he bought it I believe.

So fucking what? I never defended derivatives, I'm only pointing out that most of them aren't usury.

>Derivatives are bitched about by people who don't know how this shit works
Mostly, yes

>they improve the market.
Well, mostly, yes.
The problem with derivatives is that the are volatile as fuck and tend to blow up the first and the largest when shit hits the fan. Derivatives themselves aren't the cause of all problems, though they can magnify them like it happened in 2008.

creating money is not the same as creating wealth.

>creating money is not the same as creating wealth.

u wot?

JIDF is strong in this thread

go research

He didn't get wealthy off of stock investing, he got wealthy off of other people's money.

No u

>not smart enough to get into HAAS
Don't trust this man either.

I believe he meant that if you shit in a jar and claim it costs 6 gorillions, it doesn't mean you actually created as much wealth. It's all subjective, of course, but overall it's believed that real wealth is tangible assets and patents & ideas.

>merchant
>6666

this

>creating money is not the same as creating wealth

is fucking basic

>real wealth is tangible assets, patents, and ideas

The value of those assets fluctuate like any other commodity, why are hard assets different than currency?

>6 gorrilion dollar jar

Nobody takes such a self-declared valuation of any asset seriously. Assets are only worth what people are willing to exchange for them. If an independent assessor said that the jar would fetch 6 gorrilion burgers on the open market, then it's safe to say that you've created that much value by shitting in a jar.

What is wealth if not value?

They provide some level of insurance against losses which is one of the most important things in any market setting.

what

Wealth isn't money, it's contained within assets, commodities, etc. Money's just a medium for exchanging wealth and coming to some approximate weighted value of things.

>money isn't wealth
>money us a medium fit exchanging wealth

Anticap, everyone!

>The value of those assets fluctuate like any other commodity, why are hard assets different than currency?
Because some people believe that hard assets have intrinsic value

>Nobody takes such a self-declared valuation of any asset seriously. Assets are only worth what people are willing to exchange for them. If an independent assessor said that the jar would fetch 6 gorrilion burgers on the open market, then it's safe to say that you've created that much value by shitting in a jar.
Sounds reasonable. However, it relies on an assumption that people are rational. Remember the dotcom bubble?

hard assets value always fluctuates due to the market, but, you need to base the currency on what you assets are able to produce, sort of speak.

like, if I have a farm which produces X, and due to market conditions, I sold it for more than it can actually produce in the amount of time expected for the return of the investment, then the next owner is going to have a loss.

thats what happens with a countries debt, the markets are overvalued in general.

>intrinsic value

That's one aspect of value, just like sentimental value, functional value, etc. But all of those are combined to find an assets total value, which is commonly expressed relative to a medium of exchange, like currency.

>people are rational

Of course they aren't. Hard assets get overvalued all the time. The dotcom bubble in stocks is no different than the housing bubble in 2008.

That doesn't seem to address my point at all.

> What is context
Stop being obtuse you mong

sorry for the grammar btw, what I am trying to say, is that, if you extrapolate that example to the whole system, each year we create more money than we can pay for with our wealth, so we fall in debt