InvestorsHub Logo
icon url

Gbathat

08/23/07 9:29 AM

#25038 RE: peeved #25028

peeved, thanks for clarifying... i see what you are saying now.

as you know, in one of Paul's recent emails, he talks about the idea of an ebay for the mega-rich to swap securities.

he also mentions the fact that the futures market alone is a multi-trillion dollar industry

Ebay transactions total in the neighborhood of 10's of billions each year

While Spooz would not be the Ebay in this case, they could certainly play the role of Paypal, which I think has done pretty well for itself by enabling ebay to carry out its transactions efficiently.

of course, this is all based on speculative interpretation of Paul's email, which he tagged with a nice disclaimer at the end

glty