JudeJin

The Global Oil Scam: 50 Times Bigger than Madoff

crude oil is definitely too expensive in terms of gold.

Dispelling Myths About the Stock Market and Precious Metals

the title of the article is much taller than the content, which dispels nothing.

Bank of America: Ready to De-TARP

please bac don't de-tarp. if bac cuts its ties with the government, who's gonna bail it out twice?

Goldman Dissembling: Dark Pools et al

this isn't front-running, what is?

The Real Battle Over America's Banking System

the root of the problem lies in the fractional reserve banking scheme, essentially a ponzi scheme.

i recommend anyone to read "the mystery of banking" by murray rothbard.

i think the 100% reserve banking proposed by rothbard is the solution.

depository institutions should be barred from making loans using deposits, which can be withdrawn on demand.

loans should be made using "risk" money, money raised for the purpose of taking up such risk.

the current system put the risk money and the non-risk money(deposits) in the same pool that the banks can make loans out of. this is pure cheating. period!

anybody who has the basic financial sense can see where the flaw lies.

the whole flawed system is legalised by the elites and foisted upon the financially ignorant people.

a revolution is needed, folks.

CDS Industry: Zero Sum Game or Ponzi Scheme?

although the transaction fees and expenses may not be as high as 1% of the notional, i do agree with the author that it is not a zero sum game. traders and traders' firms are taking money out of this ponzi scheme just like Madoff's.

this is a casino that dwarfs vegas.