it's a direct taxation on return for work performed.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
I've been trying something rather novel in my own life- a return to direct producer-consumer barter. As in, I'll trade you full batteries of green energy from my home turbine for a share in your subscription farm.
I think that's the real future.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
That short sells are legal at all. I'm for something bigger than the uptick rule. NO SALES ALLOWED WITHIN 5 YEARS OF ORIGINAL PURCHASE OF STOCK.
In other words, keep the good point of the stock market (a way for companies to get money out of investors) and eliminate the bad point (gambling on price speculation). End volatility at all by reducing trade volume.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
I have to tell you, I don't think there is one single formula in regards to Collateralize Debt Obligations. The whole product is essentially one fraudulent deal.
Seriously. I have seen so much just pure, well, not based on reality, at all "experts" on his show it's frigtening.
In this case, that chart is accurate.
It's the St. Louis Fed AMBUS.
What that is Bernanke dramatically increased money to the central banks for commercial banks to loan (which they haven't) as well as increased the money supply to stave off a depression. Supposedly he will ease it down when banks "start lending again".
It's a scary graph to be sure but I think one also needs to look at every other G20 monetary base graph to calm down.
New Deal Democrat has written a series of posts on this dramatic increase of M0. He was on vacation and he's also been ill but watch for his posts...now that economically clueless Beck has grabbed it he'll probably do an update (not that everyone is not concerned).
We need an update on the great "credit squeeze" and LIBOR anywho.
I think midtowng did a post on going off of the gold standard, as well as Bretton Woods, which are also informative reads.
The extent and quality of your work, Midtown, is impressive. It's interesting...eugenics was also a response to laissez-faire. Much of the 20th Century Central Planning efforts that failed were a response to laissez-faire systems. In some ways, the Labor Movement was intentionally mischaracterized by Capital as being an impediment to freedom.
It's more likely that a basket of currencies or commodities (as a standard) would suffice as a peg for fiat money before a return to gold, silver, etc.
Anyone of a mind to wade through the various regulatory proposals and what should happen, it would be awesome if it was boiled down into layperson terms...even a "so and so said" and then a quote of that information which was clear would be good.
A number of economists have long held that our 2008 Panic ultimately resulted from the Rubin-engineered resolution to the '97 Asia multi-currency melt down. No matter, the fact is, as George Soros has long suggested, we need a Global Sheriff or at minimum a Global Currency Board. We need a global financial regulatory coordinating principal.
“There is demand for double or triple what the US mint is able to produce,” said Michael Kramer, president of MTB in New York, one of the four US gold dealers authorised to purchase bullion coins directly from the government’s mint.
“The demand is extraordinary. All the coins we got on Monday are gone today [Tuesday] and we will not be able to take any order until the following week,” Mr Kramer said. “It is the same with other mints.”
The New Zealand Mint said it was doing as much business in a day as in a month a year ago, mostly servicing global investors.
Russia has just announced that in January it bought 34 tonnes for its gold and foreign exchange reserves and intends to keep on buying gold for its reserves, thus activating its stated policy of increasing gold reserves to 10% of total gold and foreign exchange reserves. [We have received reports that this takes their purchases above 90 tonnes in the last three months]
more just a general comment. Midtowng is clearly referring to the modern history of the U.S. but there is a shift going on and I'm aware of it....so denouncing the entire "one subculture, one subgroup is inherently superior to another subculture, subgroup" motif that is bubbling up might be in order.
I'm seriously waiting for the Eugenics lab funded by the NIH to spring up by some of the pure caca I've been finding seeping out of Academia recently.
In terms of the history of U.S.A., no doubt about it that it was a bunch of white dudes....protestant white dudes.
That's some economic fiction to be sure....the 4 G's...uh huh.
It seems like in terms of financial analysis on hard metals, all reason goes out the window with some of the guys...
It's just a chunk of scarce metal people.
What would be interesting is to see, after all nations were off the gold standard, how well the price of gold correlates to the possibility of inflation as well as hyper inflation.
It is a sniff test? Really? Get some sanity into the gold bug post world.
US History basically covers everything from when the white hordes arrived on the shores of the new world. From then on it only covers what white men did, including slavery.
How often were school children taught from the slaves perspective?
The American Indian point of view?
Heck .... lets look at the American Revolution. The was a British side to the story as well.
I too love reading these posts, and especially looking at the old photos. I was thinking that you have a lot of useful research done that could be put into a nice documentary film. Midtowng = Ken Burns?
are just happen stance in U.S. history, so the "subculture that is in power and oppresses everybody else" might be more relevant versus just the U.S. history of what race the oppressors were. I mean before we had the white invaders we had Incas sacrificing peoples to the Gods and so on....
kind of a running theme throughout history.
The Spanish committed mass genocide in S. America and they are more "tan guys" and then we had African tribes sell their slave bounty to a bunch of white guys...so, ya know...it ain't just one culture, one race here.
Let's go examine the caste system....now we're getting into shades of tan but it's more personal family history...
Eugenics anyone? I think East. Timor, etc. was all dark tan...Rwanda is all dark coal and so on.
I'm sure you read the History of the United States by Howard Zinn, awesome book!
Definitely spread them out, we can have labor history lesson a week or something.
Includes the use of violence in defense of labor. Always has. Always will need to, because the other side of class warfare understands NOTHING ELSE.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
History, as it is taught in school, is all about dead, white guys that did things that have no reflection on the world today.
This is, of course, the exact opposite of the truth. In reality, the point that a dead, white guy finally does something (both bad and good) is usually because of agitation from the working classes. You just never hear about what led up to it.
If a dead, white guy was never involved, then that history never happened. Or at least is never taught.
I'm glad you like them. I have a whole bunch more that I can bring over. But I'll only do them a little at a time because I don't want to overwhelm the board.
it's a direct taxation on return for work performed.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
I've been trying something rather novel in my own life- a return to direct producer-consumer barter. As in, I'll trade you full batteries of green energy from my home turbine for a share in your subscription farm.
I think that's the real future.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
That short sells are legal at all. I'm for something bigger than the uptick rule. NO SALES ALLOWED WITHIN 5 YEARS OF ORIGINAL PURCHASE OF STOCK.
In other words, keep the good point of the stock market (a way for companies to get money out of investors) and eliminate the bad point (gambling on price speculation). End volatility at all by reducing trade volume.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
I have to tell you, I don't think there is one single formula in regards to Collateralize Debt Obligations. The whole product is essentially one fraudulent deal.
Seriously. I have seen so much just pure, well, not based on reality, at all "experts" on his show it's frigtening.
In this case, that chart is accurate.
It's the St. Louis Fed AMBUS.
What that is Bernanke dramatically increased money to the central banks for commercial banks to loan (which they haven't) as well as increased the money supply to stave off a depression. Supposedly he will ease it down when banks "start lending again".
It's a scary graph to be sure but I think one also needs to look at every other G20 monetary base graph to calm down.
New Deal Democrat has written a series of posts on this dramatic increase of M0. He was on vacation and he's also been ill but watch for his posts...now that economically clueless Beck has grabbed it he'll probably do an update (not that everyone is not concerned).
We need an update on the great "credit squeeze" and LIBOR anywho.
I think midtowng did a post on going off of the gold standard, as well as Bretton Woods, which are also informative reads.
If Glenn Beck's chart is correct there will lots of treasuries going up for sale. Is anybody going to buy?
http://www.youtube.com/watch?v=lNS8IY_Td14
The extent and quality of your work, Midtown, is impressive. It's interesting...eugenics was also a response to laissez-faire. Much of the 20th Century Central Planning efforts that failed were a response to laissez-faire systems. In some ways, the Labor Movement was intentionally mischaracterized by Capital as being an impediment to freedom.
It's more likely that a basket of currencies or commodities (as a standard) would suffice as a peg for fiat money before a return to gold, silver, etc.
Anyone of a mind to wade through the various regulatory proposals and what should happen, it would be awesome if it was boiled down into layperson terms...even a "so and so said" and then a quote of that information which was clear would be good.
A number of economists have long held that our 2008 Panic ultimately resulted from the Rubin-engineered resolution to the '97 Asia multi-currency melt down. No matter, the fact is, as George Soros has long suggested, we need a Global Sheriff or at minimum a Global Currency Board. We need a global financial regulatory coordinating principal.
from that FT article.
Also, Julian Phillips has some news to share.
this is some good work here! Kudos to the author!
Like to talk it down.
Calling it a barbarous relic yet .... they still keep it on their books and list it as a capital asset.
more just a general comment. Midtowng is clearly referring to the modern history of the U.S. but there is a shift going on and I'm aware of it....so denouncing the entire "one subculture, one subgroup is inherently superior to another subculture, subgroup" motif that is bubbling up might be in order.
I'm seriously waiting for the Eugenics lab funded by the NIH to spring up by some of the pure caca I've been finding seeping out of Academia recently.
In terms of the history of U.S.A., no doubt about it that it was a bunch of white dudes....protestant white dudes.
That's some economic fiction to be sure....the 4 G's...uh huh.
It seems like in terms of financial analysis on hard metals, all reason goes out the window with some of the guys...
It's just a chunk of scarce metal people.
What would be interesting is to see, after all nations were off the gold standard, how well the price of gold correlates to the possibility of inflation as well as hyper inflation.
It is a sniff test? Really? Get some sanity into the gold bug post world.
US History basically covers everything from when the white hordes arrived on the shores of the new world. From then on it only covers what white men did, including slavery.
How often were school children taught from the slaves perspective?
The American Indian point of view?
Heck .... lets look at the American Revolution. The was a British side to the story as well.
It has always been about class warfare.
I too love reading these posts, and especially looking at the old photos. I was thinking that you have a lot of useful research done that could be put into a nice documentary film. Midtowng = Ken Burns?
are just happen stance in U.S. history, so the "subculture that is in power and oppresses everybody else" might be more relevant versus just the U.S. history of what race the oppressors were. I mean before we had the white invaders we had Incas sacrificing peoples to the Gods and so on....
kind of a running theme throughout history.
The Spanish committed mass genocide in S. America and they are more "tan guys" and then we had African tribes sell their slave bounty to a bunch of white guys...so, ya know...it ain't just one culture, one race here.
Let's go examine the caste system....now we're getting into shades of tan but it's more personal family history...
Eugenics anyone? I think East. Timor, etc. was all dark tan...Rwanda is all dark coal and so on.
I'm sure you read the History of the United States by Howard Zinn, awesome book!
Definitely spread them out, we can have labor history lesson a week or something.
Includes the use of violence in defense of labor. Always has. Always will need to, because the other side of class warfare understands NOTHING ELSE.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
History, as it is taught in school, is all about dead, white guys that did things that have no reflection on the world today.
This is, of course, the exact opposite of the truth. In reality, the point that a dead, white guy finally does something (both bad and good) is usually because of agitation from the working classes. You just never hear about what led up to it.
If a dead, white guy was never involved, then that history never happened. Or at least is never taught.
I'm glad you like them. I have a whole bunch more that I can bring over. But I'll only do them a little at a time because I don't want to overwhelm the board.
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