This page will contain some basic terms, abbreviations and other signs commonly used used in DP, and the larger penitentiary system. Take into consideration that our own presentation and discussions are usually at a low-level and use only the most basic definitions, so, this list can be very short. Also, there are many primers and other educational literature on subjects commonly discussed at DP in the Correctional Education section. If there is still something you don't understand, let us know.
We place a lot of importance on definitions here at DP since its what we rely on the most in-case-of-doubt, it's the last thing to go, before you know nothing. Therefore, please keep help us refine our list as time goes on. We fully intend to use all terms and abbreviations exactly as described in the following definitions; OR we made a mistake OR the original definition is wrong/incomplete. We'll try to keep definitions to three sentences or fewer.
DP Dictionary:
GCC noun: Great Credit Catastrophe, or those events referring to the global financial and economic turmoil that began in structured credit derivatives of subprime credits in January of 2007 and has been ongoing ever since with no signs of stopping, contrary to popular perception.
CDS noun: Credit Default Swap, an "insurance" contract in which one party A agrees to sell to another party B credit protection on any piece of underlying reference debt in exchange for quarterly payments, which are usually a given percentange of the notional amount of debt being covered. If the underlying debt defaults, then the protection seller, party A, must pay the protection buyer, party B, the par amount of the reference debt and receive the defaulted party B debt in exchange.
FedBS noun, verb: Federal Reserve Balance Sheet, consisting of both an assets and liabilities side which must be equal at all times so that the Fed may retain control over short-term interest rates, at least nominally.
QE noun: Quantitative Easing, the process by which a central bank eases monetary policy by increasing the amount of money available rather than lowering the cost of money (ie: interest rates). QE is achieved by increasing the size of both sides of the central bank balance sheet, and it's aimed at easing monetary conditions by increasing the liability side.
Contact The Warden (CTW) verb: Send communication to DP staff through a variety of mediums.
Mainstream Media (MSM) noun: All popular channels that aim to shape public consciousness through the dissemination of incomplete, dubious and outright misleading information. Notable examples for our interest are Bloomberg, CNBC, Wall Street Journal, Fox Money, etc.
MoneyMatrix noun: The current system where all “money” or rather “credits” are transacted electronically and digitally across the global financial infrastructure.
Dollar Event Horizon (DEH) noun: The theoretical point in time in the future when the world at large realizes the US Dollar is no longer viable as a reserve currency, signalling the beginning of a paradigm shift into a new monetary system. While the likelihood, timing and repercussions of this event are very uncertain, DP staff believes that DEH will result in a global monetary/currency system.
High Sigma Event (HSE) noun: A technical term for a very unlikely event, highly out of the ordinary. The financial world models most events using a probability distribution or function, and the "Sigma" of any one event represents how "far away" such an event is for the "norm". For example an event with sigma = 3, has only a 0.13% chance of happening, using a "normal" distribution.