50ftCat writes "In no other area of our system is it legal to sell something you don't own ........ FULL STOP"
1. Banking system permits just this. Money lent from banks under a fractional system does not exist. And using OTC derivatives as assets to base their capital adequacy upon is even worse.
2. Also someone borrowing to buy something eg real estate is in fact "shorting money". Why is it ok to sell or short money you dont own to buy something else?
The banks have everybody hypnotised to their systematic rort of the non-banking sector. The problem is caused by the value of the money lent by banks and borrowers has been effectively going up (liquidity dropping). So the action by the governments and central banks is to bail out those that are short money and their position is going under water.
Get it? The reality is precisely the opposite of what the official line is saying.
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yeah go on blame short selling, page-197
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