{"id":28759,"date":"2021-01-28T11:10:00","date_gmt":"2021-01-28T16:10:00","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=28759"},"modified":"2021-01-28T11:10:00","modified_gmt":"2021-01-28T16:10:00","slug":"short-selling","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2021\/01\/28\/short-selling\/","title":{"rendered":"Short Selling"},"content":{"rendered":"<p>I found this <a href=\"https:\/\/www.facebook.com\/photo?fbid=10221545960896162&#038;set=a.1059677129944\" rel=\"noopener\" target=\"_blank\">excellent explanation of short selling<\/a> on Facebook. This is from <a href=\"https:\/\/www.facebook.com\/MikeToastRoberts\" rel=\"noopener\" target=\"_blank\">Michael J. Roberts<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2021\/01\/ShortSellingMeme.jpg\" alt=\"Dhoty Selling explanation\" width=\"720\" height=\"1382\" class=\"aligncenter size-full wp-image-28760\" srcset=\"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2021\/01\/ShortSellingMeme.jpg 720w, https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2021\/01\/ShortSellingMeme-156x300.jpg 156w, https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2021\/01\/ShortSellingMeme-533x1024.jpg 533w, https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2021\/01\/ShortSellingMeme-78x150.jpg 78w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/p>\n<p>As I like to explain, private banks do not create money, they create promises of money.  Likewise, stock brokerages don&#8217;t create stocks, they create promises of stocks.<\/p>\n<p>It is a heck of a lot easier to create the promise of something than it is to create the actual thing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I found this excellent explanation of short selling on Facebook. This is from Michael J. Roberts. As I like to explain, private banks do not create money, they create promises of money. Likewise, stock brokerages don&#8217;t create stocks, they create promises of stocks. It is a heck of a lot easier to create the promise [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-28759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=28759"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28759\/revisions"}],"predecessor-version":[{"id":28762,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28759\/revisions\/28762"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=28759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=28759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=28759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}