Only people with small minds and lack of reading comprehension resort to personal insults. I already corrected my statement by adding that it was in the "industrialized world".
Depending on what formula is used the US comes in 4th, 3rd or 1st on the list. So what I said is true from a...
Corruption and inefficiency is irrelevant as the government still has to ask for the money prior to it being printed. At least this is true in Canada. The only difference is that you pass power from government to private business but either way there is a paper trail. There is this thing...
How do the private banks control it?
Answer: By having the government go to them to issue money. It's that simple.
Who should control it?
Answer: Government with strict controls, constitutionally amended if need be.
How?
Answer: By having the central bank (owned by the people)...
Well I guess that depends on what you consider the US is. You would be correct if you said corporations. What about people?
The US has arguably the world's largest gap between the rich and the poor of industrialized nations.
Edit: correction added "industrialized nations" - I was not...
Actually I 100% agree with you on gold except for one thing. JP Morgan didn't save the government's ass. It was the third attempt to scam the country and they succeeded, but that's a whole other discussion. Also while it's on subject you actually didn't even form an argument against what I...
I'll make it easy for you to decide.
Option 1: Government prints its own money and by law not be allowed to expand the money supply beyond what is needed for trade and increased only by as much as the population increases thereby ensuring little to no inflation. Under this method when you...
You mean if they had control over their own currency and the government not allowed the banks to push the public, industry and other sectors to expand too far and go into debt?
It would be nice quiet place to visit. That's what.
I don't see Obama in the US or Harper here in Canada doing any such thing as dumping debt based monetary policy. However I do see them restructuring the monetary policy into another currency. It would take hyperinflation and the public begging for any solution to do it and if it came to that...
Well I have friends and family all over Canada and some of what I read in our Canadian financial news matches what I'm hearing from them first hand.
Basically home prices in major metropolitan areas have either completely stopped rising or have began to drop slightly. It is becoming...
It's not the US housing meltdown that has me worried. It's our own. At some point the value of things have inflated to such a degree that it is no longer reasonable to pay off such a debt. In my opinion we are at the apex of our own bubble that is ripe for a burst. Some question if it will...
In my opinion Moore hit the nail 100% on the head.
Watch the documentary "Who Killed The Electric Car?".
The whole system is the problem. You can no longer make an argument that it is not feasible to make electric cars or that they don't go fast or don't go far enough or that they don't...
Ok so the that whole doubling in value of homes in the past 8-10 years is just my imagination? How does that not keep pace with the US? Some economists think we are 2 years behind the US. I think they are right, but I agree with you that there wasn't this whole system of product selling sub...
Sorry I couldn't respond sooner but had no time.
As far as what you said well... at what point is that negating what I said? You didn't even form an argument. Based on your past posts that seems to be a bad habit. Personally I think you do it on purpose to see if you can get a rise out of...
Would be nice to get feedback since I'm so wrong and earlier needed to be shown the light.
Now I feel like someone who turned on the light at night and everyone scatters. Funny that.
I should correct something I was wrong about. The Bank of Canada does not create money and it is owned not privately but by the people of Canada. Money is created at its direction (at the insistence of the government) but it's done so by the 5 major banks that have a virtual monopoly over the...
I have little doubt something similar took place prior to the Canadian government giving our money to the banks. Wish someone would leak that too.
This is the little known audio conference call to 800 financial industry insiders lead by Neel T. Kashkari who is in charge of TARP at the...
That is a very eloquent way to completely sidestep the question. Where is our money?
First it is explained that the money is going to guarantee already existing Canadian "safe" mortgages so that it frees money up for the banks but now some of you are saying it's basicly heading to the U.S...
You can say what you want but inter bank lending hasn't happened and it's been over a month since they started pouring money into the banks around the world. With the money that is freed up they can create 10 X that and lend it out so as of right now there could be tens of trillions made...
Why is it even needed? According to the banks themselves their exposure to the sub-prime fiasco in the US was negligible at most. Why are they suddenly contracting credit? The money was always there before so why is it not there now?
No I'm sorry but I don't buy this BS song and dance.
Oh yeah? How is that working out in the US? Last I heard the banks haven't spent a penny on inter bank lending but instead on buying each other up and giving out bonuses.
What the money is used for is irrelevant and it's not my point. The point is that they took money and now we, not the...
Lets ignore for the minute the billions both the Fed and Bank of Canada has been pumping into the system with hardly a mention in the press over the past few months on a weekly basis.
The bottom line is that if you break down the 700 billion the Fed gave out and the now 75 billion the Bank of...
I'm incredibly judgmental but I refuse to judge Obama on family issues. I'm personally not happy with either candidate so that has no bearing on this. Plus I'm Canadian so I can blow my horn from the sidelines.
People too easily forget their own lives. How many half brothers and aunts do...
Well I called the oil crash along with the Precious Metal crash for Sept-Oct for the run up to the election. Gold touched $695 today and Silver 8.80 and it's not over yet. I said that the IMF and World Bank may do exactly what they did back in the 80s and push countries into Gold then crash...
Like the media that lead America and Canada into war they are fully responsible for the mess we are in. It was quite usual for people who dissented against the MSM orgy on the market to be attacked during interviews with outright lies and to try and paint them as some sort of nut. Assuming...
Let me guess what they did today. Gave billions to JP Morgan and GS to tank Silver using paper Silver.
EDIT: then pocketed the difference... how do you still like your Free Market?
All forms of government regardless of how well formed or intentioned, that includes the founders of the US Constitution who tanked their own currency during the war, are inherently by definition corrupt. Having experienced their own failure your founders did the best they could to limit that...
Fact is various markets that have been previously linked have decoupled over the past few months and moved sometimes in opposite direction. There are some good reasons to explain some of this but it's hard to attribute it to a Fee Market Economy since no such thing exists. There is only market...
As I'm reading more I'm learning more about history. This is not the first time something similar has happened and 1929 never did make sense as a comparison other than the term "Depression". The situation is vastly different.
Here is an article I just read that I think hits the mark rather...
FTDs are only supposed to be around for a few days as mentioned before and yeah you and I can't really take advantage of them. Currently it's estimated that there is over a billion FTDs in circulation. The SEC has not been enforcing the rules regarding FTDs and there is some fear that looking...
As I said before I don't know a lot about trading but there is a huge elephant in the corner and it's called FTD (Failure To Deliver) which is basically an IOU for a stock. FTDs are so commonplace and are used so heavily that some argue that it's being traded as if it was stock. I'm not sure...
In case someone gets any smart ideas.... Stay away from doing any business with Comex. They sweet talk newbies into putting their money into really dangerous stocks and they typically get burned with margin calls.
I don't know much about trading but I know enough about what not to do unless...
Individuals short selling is not the issue. The companies that typically get ganged up on by individuals are the ones that are visibly about the go kaput. Hey if your business blows don't expect mercy in the marketplace. That's what a free market economy is supposed to be. It's not all...
If an Israeli leader would try to make amends with the Palestinians I have no doubt they would be gone shortly afterward. At least that has been the status quo up to this point. On one side you have the Right Wing intellectual, financial and former govern spy/military type leadership... on the...
A new twist. Asia and London pushed PMs up and NY has been pounding it.
Look at Silver especially:
http://www.kitco.com/charts/livesilver.html
It's still early in the market but it gives you an idea of what's going on.
EDIT:
P.S. Someone, whomever is trading in massive volume, is...
Impossible to answer truthfully since the market is so obviously manipulated. Right up until Sept 17th the PM market was being pounded daily by NY and London exactly opposite of the Asia market and exactly at market opening every single day. This has been ongoing for months despite all of the...
P.S. If you think credit is being manipulated and money stolen you haven't seen anything yet and clearly have not been paying any attention to the PM market lately. I'm still predicting Gold and Silver crash in the next 4-8 weeks or so along with crude. Buy it up at that point if you can and...
Correct.
This is why I would love to hear why they needed to be given billions of dollars. The Fed stepped in and became the backer essentially guaranteeing their position.
Let me get this straight cause you know I'm not the chairman of the Fed and am Dumb(tm).
I take a loan from the...
I don't condone acts of violence planned or otherwise or the people involved but one should consider where this information comes from. It reminds me of the alleged terrorists caught here in Canada that involved the RCMP setting them up by getting them to buy bomb components. Point in fact...
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