Anthonyve do the sums youself.The world's derivative market is 10 times the GDP of the planet ie $ 700 trillion of derivatives.When that implodes your super will be worth a fraction of its present value.

Well, here's my point, Arjay, you've been forecasting disaster for ages, but things just keep getting better,especially here in Australia.

I note this morning that the head of the worlds biggest bond fund just gave Federal Labor's management of the economy a big tick as we moved from the world's 10th most secure currency to the world's seventh most secure currency in just three months.

Must be frustrating for you, all this good news.

Anthony
http://www.observationpoint.com.au

You do insist on making the same basic error, Arjay, over and over again.

>>The world's derivative market is 10 times the GDP of the planet ie $ 700 trillion of derivatives.When that implodes your super will be worth a fraction of its present value.<<

As I have explained on numerous occasions, you can only arrive at this figure if you add the puts and calls together, instead of netting them off against each other. It is also worth pointing out that an "implosion", as you call it, would actually require them to be netted off, so the impact on your super will be minimal.

So long as you and Barnaby Joyce keep making these elementary errors, you will - both - lack any financial credibility whatsoever.

Arjay To much doom and gloom forecasting, conspiracy's are just that , every now and again a version of a conspiracy may get up, but very rare.

When Max Keiser,Gerald Celente,Webster Tarpley and hundreds of others are proven correct,will you lot admit how wrong you were? I think not.

It will be a case of moron this later.

This is sort of apropos your last post, Arjay. I'm only an occasional visitor to this forum, but I don't think I have ever noticed anyone changing their minds because of what another person has written. It seems that everyone sits down at their computers with their opinions intact and then 'hurl/throw/toss them to their 'opponents' until the end of the week, and they everyone goes on to next week's 'game'. Sort of like a replacement for Saturday footy with the blokes. Or am I missing something?