SimonS

Cramer Grilled on Jon Stewart

The 35 to 1 leverage that banks employed benefit the public by making credit cheap. Banks are there to make money. Shenanigans will eventually get corrected by a free market.

I do not agree that because you weren't "cheer leading" the financial market, you are absolved with any guilt. You took a mortgage, you're part of the problem. Things were breaking down before your very eyes but you didn't care then. Now you do. Your ignorance burned you and now you're crying wolf. Typical.

Distressing Details of the UltraShorts

All of this is clearly warned in the ETFs prospectus. This shouldn't be a surprise to anyone. Don't blame anyone else for your own stupidity. I am disappointed that this article makes it to seeking alpha. It reflects poorly to the other authors of the site. Especially for something so blatantly obvious.

Nation's Debt: It's Not Being Rescued, It's Being Moved Around

I don't understand. If you only consider the debt that the public holds, in that you ought to exclude the debt that social security owns, shouldn't you then have to assume that retirees get no benefit?

Looming Financial Catastrophe: A Real Inconvenient Truth

Thank you for the article.

Which Inflation Is It Anyway?

JasonC - If money is to be used as a store of value, its supply should correlate with the amount of goods and services in the economy. Otherwise, you would get an imbalance that triggers price increases because it has been devalued (think of what's happening in Zimbabwe.) In gold standard, price actually decreases as new goods and services get created with virtually constant money supply.

You can still borrow money in a full-reserve banking system. It's just that the lender cannot withdraw the money in exchange of interests until the debt gets repaid. In contrast, fractional reserve banking system can lend out up to 90% of deposits which is equivalent to expanding the money supply 10 times.

The Incredible Lightness of Being (Employed)

Here's a thought: buy commodities. Something that hasn't been said here is run away inflation. We're in for a ride.