A credit default swap is really just a bet. Otherwise known as an unregulated insurance contract. If you're the bank holding a loan, and you're looking for protection in the event of a default, I as an insurer collect premium from you and if the loan goes bad I am supposed to cover your loss. This is what pretty much blew up AIG. AIG was unable to meet their obligations when the 2007 crisis unfolded. The obvious problem is that the CDS market is not regulated so there are essentially no capital requirements to be the bookie. History repeats itself.
Dave you are one of the best man, I can't wait one day to visit your shop and your amazing team, by the way I am from Lebanon (M.EAST) and I hope one day you will open a shop in the (M.EAST) area, because sadly we donn't have this opportunity here to buy such type and kind of silver. God bless you brother
Thanks, Dave , I always hear/heard financial people talking about derivatives and credit default swaps. I wasn’t really clear on what it was but now I understand they just make up their own language so the common man and woman can’t understand what the hell they’re talking about. It’s just debt debt and more debt. And I have opted out of that system for four years ago now. Stack on!
ah Norway... the home of the best of the best singers on The Voice Norway,,, there are dozens of editions of that show from many countries... the singers from Norway are amazingly talented... search UA-cam and see for yourselves
I'd love to stack some of those cool bars, but I just can't afford the premiums on most fractional silver. As cheap as constitutional is, it does the same thing for less than a quarter of the premium. I'll definitely pick some up off the secondary market from my LCS if he ever gets any in for a few bucks over the spot.
Wasn’t it toxic debt that caused the global banking crisis back in 2008? IMO we never recovered from that. Now $650 trillion? Wow 😮….. Good video - thanks!
627 no problem it's fake money. Double down is nothing to them. And no your not a financial advisor. Your smart not dumb like them. You don't trade gold for a piece of paper.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
The integrity of pieces of silver is very questionable if you were to bring it into a store to barter it maybe difficult to exchange. You would be better off taking it to a “We buy Silver and Gold kiosk and then change for cash.
Dave you are so right about Financial Planners and Advisors, swap your toilet paper for physical silver!!
Many don’t understand the consequences of the currency destruction taking place and its repercussions.
We are already in a depression. Have ben for over a year. The recession was in 2022.
It’s 2024 and you still can’t spell 😂
@@LeonTheLion-777Awwww😢
Dave just sit down dude!
😂
He has too much silver energy. Being high energy is tough to just sit still. He's in the zone.
I was thinking the same thing...
Best Silver Channel Ever!
A credit default swap is really just a bet. Otherwise known as an unregulated insurance contract. If you're the bank holding a loan, and you're looking for protection in the event of a default, I as an insurer collect premium from you and if the loan goes bad I am supposed to cover your loss. This is what pretty much blew up AIG. AIG was unable to meet their obligations when the 2007 crisis unfolded. The obvious problem is that the CDS market is not regulated so there are essentially no capital requirements to be the bookie. History repeats itself.
Silver is white gold...........
Love the Tree of Life rings on your windows.
Silver Dave You are now my financial advisor weather you like it or not
Dave you are one of the best man, I can't wait one day to visit your shop and your amazing team, by the way I am from Lebanon (M.EAST) and I hope one day you will open a shop in the (M.EAST) area, because sadly we donn't have this opportunity here to buy such type and kind of silver. God bless you brother
Your only hope is the USD for now but I'm guessing people in lebanon are a bit concerned about that too
@@Karim-ik5ij Yeah you right
That’s a different perspective that I’ve never heard before now I must research and ponder
Thanks, Dave , I always hear/heard financial people talking about derivatives and credit default swaps. I wasn’t really clear on what it was but now I understand they just make up their own language so the common man and woman can’t understand what the hell they’re talking about. It’s just debt debt and more debt. And I have opted out of that system for four years ago now. Stack on!
Dave you are such a beautiful soul and lovely guy . Love ur posts mate keep them coming
Hence 1 ounce silver. Once silver goes up triple digets I believe you will see more 1/10th ounce silver coins / notes.
Love it Dave.. funny too. Greetings from Norway.
ah Norway... the home of the best of the best singers on The Voice Norway,,, there are dozens of editions of that show from many countries... the singers from Norway are amazingly talented... search UA-cam and see for yourselves
Thank You Dave. I enjoy youre Real Education Videos.
They will definitely come far and wide to offer you the business end of their gun.
At local silver mint all roads lead to the sale of 1/10 ounce silver 😂 buy dimes and quarters
I'd love to stack some of those cool bars, but I just can't afford the premiums on most fractional silver. As cheap as constitutional is, it does the same thing for less than a quarter of the premium. I'll definitely pick some up off the secondary market from my LCS if he ever gets any in for a few bucks over the spot.
I've stopped stacking and gone back collecting rare coins , the main coin I'm looking for is 1828 gold sovereign only 7 Known minted
If you guessed "Credit Default Swap" you guessed right. LOL.
Wasn’t it toxic debt that caused the global banking crisis back in 2008? IMO we never recovered from that. Now $650 trillion? Wow 😮….. Good video - thanks!
This channel rocks!!!
Greetings from germany ♡
Great video
627 no problem it's fake money. Double down is nothing to them. And no your not a financial advisor. Your smart not dumb like them. You don't trade gold for a piece of paper.
Yeah I need to get some lsm barter coins
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
Julie is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Please do you mind sharing any means of reaching out to her easily?
Wow. I'm so excited seeing Julie been mentioned here also. Didn’t know she has been good to other people too, this is wonderful.
Thanks a lot for the recommendation.
How can anything be that big....that's exactly what my wife said on our wedding night
And you bought that😂😮
✨️🇺🇸✌️ Awesome
Sitt down!!
What comes after trillion... Let's go for that
Said fjb while eating ice cream
Dave, you remind me of Howe Mandell 😂
Someone is about to take a really short haircut.
Walking in circles again?
Get a better mic. Too much echo. ❤️
How much speedl has this guy swallowed ? I stopped watching after 5 minutes of constant rotation !
Where us the background music, I thought it sounded cool 😎
Global ecconomic collapse
Excellent video
Dave I disagree , why can’t you shave off 1/10 of and ounce of silver and weigh it , silver is silver no matter what form …
The integrity of pieces of silver is very questionable if you were to bring it into a store to barter it maybe difficult to exchange. You would be better off taking it to a “We buy Silver and Gold kiosk and then change for cash.