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  • Why China Can't Dump U.S. Treasuries [View article]
    You mean you wouldn't sell high?


    On Feb 13 06:36 PM Crocodilian wrote:

    > Simple observation: Treasuries have been China's best foreign investment
    > for the last few years.
    >
    > Why would you trash an investment that's UP %40 AND which serves
    > a national strategic interest?
    >
    > Answer: You wouldn't.
    Feb 15 10:42 am |Rating: 0 0 |Link to Comment
  • Why China Can't Dump U.S. Treasuries [View article]
    "When you’re sitting on the biggest mountain of surplus cash in the world, what do you do with it? This is the roughly $2 trillion dollar question that Chinese central bank officials have to wrestle with."

    You invest it in your country...

    In infrastructure. In businesses. In education...
    Feb 15 10:25 am |Rating: +2 0 |Link to Comment
  • Bad Bank, Bad Idea; Good Bank, Good Idea [View article]
    This would only work if the government were calling the shots. They aren't and haven't been for decades. The banks call the shots.
    Feb 15 10:22 am |Rating: 0 0 |Link to Comment
  • A Financial History of the World [View article]
    "the underlying problem in the financial crisis is too much outstanding debt."


    Well DOH!

    Fixing that means reforming the monetary system. All over the world.

    Good luck with that.
    Feb 14 05:41 am |Rating: +8 -5 |Link to Comment
  • David Reilly: "Banker bashing is great sport. It satisfies the populist need for an identifiable villain in the financial crisis. It provides an outlet for our collective anger. It absolves us from thinking about just how we - the credit-card-loving, mortgage-craving, debt-addicted consumers of America - helped foment the meltdown."  [View news story]
    99% of the population don't realise that taking out a loan creates new money. They have no clue that credit based spending creates monetary inflation which causes a following deflation.

    They really do think they are being loaned someone else's money.

    The bankers on the other hand (should) know exactly what they're doing.
    Feb 07 12:52 pm |Rating: +1 0 |Link to Comment
  • Tax Breaks for New Cars, But Not Doctor Bills? [View article]
    It's simple.

    Cars are the single largest purchase after a home.

    People take out loans to buy cars. This increases lending and the money supply. It's more money for bankers.

    Feb 05 11:10 am |Rating: +1 -1 |Link to Comment
  • U.S. Debt Default, Dollar Collapse Altogether Likely [View article]
    On Feb 04 03:48 AM Dave Wrixon wrote:
    > True the US has never done that before, but then the US has never
    > been so badly managed before.


    April 5th 1933
    August 15th 1971

    The USA has defaulted several times.
    Feb 04 15:06 pm |Rating: +5 0 |Link to Comment
  • Bail Out the Future, Not the Past [View article]
    "The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." - Lord Acton
    Feb 02 15:13 pm |Rating: +4 0 |Link to Comment
  • Name Brand Stocks on the Edge of Obliteration [View article]
    "these firms had too much debt to weather the storm. One of my central themes this year is that there are a lot more companies out there like these than investors realize."

    Um... Didn't you know? There is more debt than there is credit to pay it. That's the way the money works. It's why there HAS to be "growth".
    Feb 01 13:35 pm |Rating: 0 -4 |Link to Comment
  • Defining Our Terms: What 'Private' Means [View article]
    Y'now.

    I'm not actually convinced that leaving the money creation and destruction process to money lenders is the epitome of wisdom... Politicians either.

    They have a vested interest in inflation and deflation.

    Jan 30 10:01 am |Rating: +1 0 |Link to Comment
  • Davos '09 and the Failure of Leadership [View article]
    Why would anyone trust a banking system built on a pyramid scheme? Or the politicians who are throwing trillions of citizens money at the people behind the scheme, begging for more?

    Jan 28 14:47 pm |Rating: +6 0 |Link to Comment
  • The Nationalization Debate [View article]
    Why nationalise? "Too big to fail"... Those words say it all.

    The US banking system is literally taking the country down. It's like a leech, sucking US citizens dry.

    They should have failed. They all should have been allowed to fail. That decision was taken though and you now have a whole bunch of zombie leeches still sucking away at the bleached white corpse which was America.

    You all need to ask yourselves "What is money?". What is the nature of money? What affect does the nature of money have on the society I live within? Either that or just keep feeding the leeches.
    Jan 20 17:28 pm |Rating: +8 -3 |Link to Comment
  • Banks: The Final Countdown? [View article]
    What the world really needs is for the banks to be allowed to die off of their own toxic consumption and for the monetary system to be replaced by something sane instead.
    Jan 18 11:52 am |Rating: +5 -2 |Link to Comment
  • In Search of the Next Reserve Currency [View article]
    SWRichmond largely has it. The dollar will remain the reserve currency until this guy:

    en.wikipedia.org/wiki/...

    decides otherwise.

    Course. Reserve currency has some unfortunate side effects. When the entire world is buying your currency, it deflates your economy massively. Everything starts to become very expensive, particularly employees. So you have to find some excuse to print trillions. The military is a great way to do that. So the entire world basically finances your military ambitions.
    Nov 28 16:03 pm |Rating: +1 -1 |Link to Comment
  • Mission Impossible? Obama Must Rebuild Confidence in Federal Government  [View article]
    How does one respond pro actively to new information?
    Nov 24 18:16 pm |Rating: 0 0 |Link to Comment
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