Looks like we got ourselves the next Nobel Laureate in Economics right here! And economic textbooks are just filled with useless charts and laundry lists! Congrats LOL You said it. Why make things so complicated?! Jeez Louise.
let's assume this is true,what's the next investment craze to keep this air balloon afloat,if they don;t invent one,then we will correct hard
You obviously haven't read the Congressional report, the litany of Founders tirades against Central Banking, or understand, at a fundamental level, why fiat banking is inherently corrupt. Were you even aware that European Goldsmiths would lend out (or spend) more "demand notes" than they held in physical gold in their vaults? Thats the root of fractional reserve banking and how the Rothschilds and other European banking dynasties came to be. Were you aware European Monarchies would dictate new coinage every few years and debase privately-held gold or silver coins with lead or some other cheap metal, and keep - and spend - the difference? This shit has been going on for a very long, long time. Do you even know what inflation is or how its created??? Are you a trader?
buying real estate with little or no money down encourages speculation and rewards people for not developing the most important discipline of saving money for a down payment. When people believe that saving has no meaning/benefit they gorge on credit in every way possible which has led us here. Consumers need to learn to save. Houses need to be purchased onyly with some sort of minimal down payment, perhaps 20%. If people want home ownership they must earn it. In turn this would control many from over using their credit and keep prices and reckless spending in check. There must be some regulations on downpayments for housing. The lack of it has led us to this disaster. God help us all.
Achilles28, You're tilting at windmills here. You are trying to argue monetary theory with people edumacated in the US Govt school system. A noble effort, but futile to say the least. -burn8
you want to see an interesting 40 min vid on oil, go to www.quicksilverscreen.com click on documentaries,towards the top in lite blue click on A-Z, then click on O,then scroll down and click on Oil,smoke and mirrors. There is no energy shortage,at least not as low as we've been told
OK, it's a liquidity crisis. I just have one question: why counterparties lost confidence in LEH, if everything else was so dandy?
i remember reading how the other major players had no sympathy for Leh,they didn't go with the flow,hence they didn't have any favors to call in,they weren't part of the club