I just had an epiphany that's changing my view on the derivative crisis.  The key to it is fiat money, it's imaginary money that's created from nothing.  If a bank lends money to buy a house and crated that money out of nothing then you default on that loan...   Was anything really lost that would effect the economy?   Nothing lost nothing gained.  That's the fundamental problem with the derivative crisis and it's all just a mirage.

What do you guys think? 

I already said it..but you have the better description.

Think about this.
GDP= what a country is worth.
The amounts of money OVER GDP are speculation/Virtual/Fantasy..
tHEY CREATE IT as needed, based on AIR.
NUMBERS in a computer, that make OTHER numbers PAY BILLS/property and so forth..created AS NEEDED from computer numbers.
DREAMING of the money COMING in the furture from the SALE of the house and the interest garnered as PROFIT..
Wishes and fantasy, USING others promises of MONEY/SUPPORT to pay for something they RESOLD to make MORE money to PAY BACK those Promises..

 
Well, now, it's not all hot air.  GDP has a formula that's rather difficult to follow, but it does provide a reliable estimate of how the economy is doing.  There are just too many articles to read.  Google "how GDP  is calculated summary", or better yet, use Wolfram-Alpha to search for the same thing. 

Okay...  So if my point that a component of the GDP Fiat money is a mirage and that can't actually be calculated because it's imaginary then those numbers are still perfectly acceptable if everyone has "Faith" in it?  I guess printing "In God We Trust" on money is suddenly very legitimate.

>>Okay...  So if my point that a component of the GDP Fiat money is a mirage and that can't actually be calculated because it's imaginary then those numbers are still perfectly acceptable if everyone has "Faith" in it?  I guess printing "In God We Trust" on money is suddenly very legitimate.

 
No, but the GDP trends are fairly accurate.  I don't know how much the imaginary money affects the GDP bottom line to the dollar. 

I saw "In God we trust" on a Florida license tag the other day...  really pissed me off.

While I am sympathetic to your attitude, I wonder if "God" is really the gross sum of all the Mass, and Energy in the Universe plus all of the Principles and Laws that pertain there to. It is immaterial if you trust in same or not. If it is a fact, then what will happen is irrelevant to what you trust or pray to. Hence it could also be blasphemous to be praying that something will happen that is outside or against these Laws and Principles, which we examine in science. Or is this too abstract to fathom?

back on point..

All the money that was being touted as being LOST..
WASNT REAL.

$14,000,000,000,000,000
and we have given away..
$18,000,000,000,000,???
in war, in Mortgages loans, in Inconsistencies in BOOK KEEPING..
and is was MOSTLY in Virtual money.