Is the U.S. Insolvent

[BitWhys]

um... typo.

that's what I thought.

just checking :mrgreen:

 

[BitWhys]

I'm a lefty, your a mushy liberal, nationalization is generally thought of as leftist policy, separation of church and state is a benchmark of leftist thinking. Marrying the state to the money supply is in fact what to a great extent has prevailed among the western democracys especially Uncle Sham. And it's precisely the aim and direction of Adolph Harpercon and co; Check out the Fraser Institute and the CCCE. :wave:Is nationalization of the money supply always despotic?

no no no no no

the Harpercons are trying to get industry and the state to elope while no one is looking. big difference.

and my point was that if anything were to have the potential for corruption its a nationalized banking system.

 

[tamarin]

So why are M-3 numbers no longer disclosed now by the Federal Reserve? Does it have something to hide? Is the Reserve bent on hyperinflation to save the system from imploding? Curious minds would like to know.

 

[Toro]

That was classic Toro. I guess the guy bit off a bit more than he can chew as they have not been able to prove their point and you have completely dominated this thread.

Gawrsh...

:blush:

I agree. But at the very least it does make for a noteworthy increased exposure to risk.

I absolutley agree.

I bought puts today, essentially taking my equity exposure to zero.

Is nationalization of the money supply always despotic?

No, of course not. I think every country in the world has done so.

So why are M-3 numbers no longer disclosed now by the Federal Reserve? Does it have something to hide? Is the Reserve bent on hyperinflation to save the system from imploding? Curious minds would like to know.

This is a conspiracy theory I have some sympathy for. I don't know, but I'd put it 50/50 that the Fed wanted to hide the explosion in the money supply.

 

[BitWhys]

...
No, of course not. I think every country in the world has done so.
...

hmm. I think the context has gotten a little drained from one post to the other. I was talking about socialized banking being a bad idea, not central banks.

 

[Curiosity]

Toro is....

sigh

 

[Toro]

hmm. I think the context has gotten a little drained from one post to the other. I was talking about socialized banking being a bad idea, not central banks.

Yes, it is a bad idea.

For example, China has socialized banking and something like 40-50% of the loans are insolvent. But the bank manager keeps giving them because he's a member of the Communist party and wants to consolidate his power, and supplying cheap/free money is a great way to be popular. An extreme example for sure, but it demonstrates the problem when market mechanisms are not the primary determinant of credit allocation.

There was a French bank that was owned by the government that had all sorts of these same problems just a few years ago. Credit Agicole, or something like that. I can't remember.

 

[Toro]

Toro is....

sigh

Curio,

:love7:

 

[Curiosity]

Toro

You have a gift for making what to me is unintelligible and yawn topics (financial and economic matters)...so interesting....

Sincerely - thanks!

 

[Toro]

Toro

You have a gift for making what to me is unintelligible and yawn topics (financial and economic matters)...so interesting....

Sincerely - thanks!

Well, thank you Curio.

But its not me who makes it interesting. Rather, most others make it boring...

 

[darkbeaver]

Well, thank you Curio.

But its not me who makes it interesting. Rather, most others make it boring...

Aw come on Toro it is you who make things interesting, your my favorite capitalist.

Could you help a poor old blind man find the START A NEW THREAD KEY please and thankyou.:wave:

 

[tamarin]

Puts? Could be a good plan. It's amazing now to see the number of tools available to the market participant. Maybe a match in market puts with some calls on precious metals far out of the money might be in order.

 

[Albertabound]

Hi everybody how was your weekend? Mine was Faaaantastic.

anyways....

One such case was Lewis v. United States that was decided by the 9th Circuit Court of Appeals that ruled the Reserve Banks are independent, privately owned and locally controlled corporations.

http://www.globalresearch.ca/index.php?context=viewArticle&code=LEN20060701&articleId=2712

In recent years, the United States has driven and presently maintains a gigantic and massive printing of Dollar bank notes. No one seems to know for sure just how excessive such currency printing really is, but estimates put it somewhere between four to eight times the monetary circulation that tallies with the size of the US Economy (with a 2004 Gross Domestic Product of almost u$s 13.000 billion).

The reader may ask how come we do not know what the amount of Dollars in circulation really is? Well, this is highly confidential information almost impossible to discover mainly because, contrary to what most people believe, the US Federal Reserve Bank (Fed) is a private entity, even though the US Government may exert some influence over it.2 --i.e., the public institutions of Government cannot require the Fed to render this information, especially when you consider that the Chairman of the Federal Reserve Board, Alan Greenspan need only inform Congress on a quarterly basis what his monetary policy shall look like. We would emphasize that he need only inform what his policies will be, not seek instructions or consensus or agreement from Congress or the Executive branch.

2 More than 95% of the Federal Reserve Bank’s share capital is owned by the private member banks, which can, in turn, be traced back to key traditional finance dynasties, both in Europe and in the US: Rothschild, Warburg, Schroeder, Mellon, Bleichroeder, Montefiori, Montagu, Rockefeller, and Harriman, amongst others. Cfr. The Federal Reserve Bank, Purposes & Functions, Washington DC.

http://www.globalresearch.ca/index.php?context=viewArticle&code=SAL20061015&articleId=3490

the Bank of England (which was founded in 1694 by King William III and his business friends from Amsterdam on a private basis),

Falling Empires and their Currencies
http://www.globalresearch.ca/index.php?context=viewArticle&code=NEF20070115&articleId=4464

And they, like all others, will also lose the rest. For Uncle Sam's debt to the rest of the world already amounts to more than a third of his annual domestic production and is still growing. That alone already makes his debt economically and politically never repayable, even if he wanted to, which he does not.

America's Spiraling External Debt and the Decline of the Dollar
http://globalresearch.ca/articles/FRA501A.html

ARE THE PUNDITS MISSING THE REAL MESSAGE FROM THE GOLD MARKET

Ask any gold seer and they'll explain that while geopolitical events may affect the price of gold, they're never a major factor. I'll be contrarian and speculate that along with whatever other message the gold market is sending, it's also signaling concern about the geopolitical threat to peace and world stability, especially in the strategically important Middle East.

What the Price of Gold Might be Telling Us
http://www.globalresearch.ca/index.php?context=viewArticle&code=LEN20060222&articleId=2027

We are now in the 4th turning (the 4th generation after these events). We are due again for either a major war, a great depression or both.

Debt Prosperiy is not Real Prosperity
http://www.gold-eagle.com/editorials_05/laird120305.html

In America between 1970 and 1990 only 40% of the money the US Federal government borrowed went to pay for anything useful; the rest went to pay off debt to private banks.

The absurd thing about our economy however is that the private banks are allowed to do this and then allowed to own the new money; to lend it to people and get it back with interest!

http://socialwork.arts.unsw.edu.au/tsw/09c-EC.SY.4.Money.html

Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.

United States Congressional Record March 17, 1993
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

The Bankruptcy of the United States.
http://www.gemworld.com/USA-Traficant.html

A large number of events - whose importance began to appear clearly at the end of 2006 - is about to thrust the world's financial sector into a process of deep crisis: depreciation of US dollar-denominated assets, monetisation of US debt, fast degradation of US banks' and of some EU banks' balance-sheets, low level of banks' reserves, fast depreciation of housing loans (2) and recession of the US economy.

Global Systemic Crisis In 2007, " Another Bubble " Close to Bursting
http://www.globalresearch.ca/index.php?context=viewArticle&code=20061221&articleId=4225

The financial press reported last week that the euro, the new currency created only five years ago and used by most European nations, has supplanted the U.S. dollar as the most widely used form of cash internationally. There are now more Euros in circulation worldwide than dollars.

The World's Reserve Currency
http://www.globalresearch.ca/index.php?context=viewArticle&code=PAU20070104&articleId=4346


and last but not least
The U.S. National Debt Clock
http://www.brillig.com/debt_clock/

:wave:

 

[Albertabound]

Oh! Forgot this.

Discontinuance of M3
On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.

http://www.federalreserve.gov/Releases/h6/discm3.htm


:wave:

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison

 

[I think not]

Albertabound pulled out the big guns, Globalresearch.ca. Conspiracy theory heaven. :wave:

 

[Albertabound]

Yup! along with congressional records and speaker representives along with a federal reserve statistical release

Conspiracy Theory is more than just the belief in an occasional conspiracy. Simply put, it is a belief system that asserts that world events are being controlled in secret by a group of ultra-powerful puppeteers behind the scenes. While nothing much can be done about this overall conspiracy, at least we can have the satisfaction of being smart enough to have figured it all out.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -Thomas Jefferson

 

[darkbeaver]

Yes, it is a bad idea.

For example, China has socialized banking and something like 40-50% of the loans are insolvent. But the bank manager keeps giving them because he's a member of the Communist party and wants to consolidate his power, and supplying cheap/free money is a great way to be popular. An extreme example for sure, but it demonstrates the problem when market mechanisms are not the primary determinant of credit allocation.

There was a French bank that was owned by the government that had all sorts of these same problems just a few years ago. Credit Agicole, or something like that. I can't remember.

I was reading an article last week on the proposed housing bubble burst, it stated that 60% or more of the loans for houses since 2001 were issued without proper credit checks. Apparently proper market market mechanisms are not the exclusive problem of socialist banking.:wave:

 

[darkbeaver]

Albertabound pulled out the big guns, Globalresearch.ca. Conspiracy theory heaven. :wave:

Coming from you ITN that's a recomendation. One that you've made numerous times before. Why do you fear Globalresearch.ca.? When one reads something one fears or can't understand one shouldn't jump into the conspiracy theory lifeboot and think it'll be alright.:wave:

 

[I think not]

Coming from you ITN that's a recomendation. One that you've made numerous times before. Why do you fear Globalresearch.ca.? When one reads something one fears or can't understand one shouldn't jump into the conspiracy theory lifeboot and think it'll be alright.:wave:

Fear it? :laughing7:

If I fear anything at all is people believing the crap that comes out of that place.

If you want to believe it, go right ahead. :wave:

 

[darkbeaver]

Fear it? :laughing7:

If I fear anything at all is people believing the crap that comes out of that place.

If you want to believe it, go right ahead. :wave:

It's not so much a matter of wanting to believe anything but a willingness to consider everything. :wave: