"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
Excuses. Excuses. This is the problem when someone campaigns as a god. When you claim to be a god, people expect miracles, and you only get credit when you get results. You don't get credit for whining about all the obstacles you face, and how you were ignorant of how bad things really were/are. Constant moaning that all of your supposed inferiors are stopping you from your superior actions, only serve as evidence that you are not a god and can't perform miracles. At the end of the day, "its not my fault", is not the triumphant declaration of a competent leader, but the catch phrase of some Randen villian. Success doesn't need to make excuses, and excuses never produce success.
Greek Default And Devaluation: Would It Even Matter? [View article]
The real problem would not be from multiplying CDS losses, but from institutions taking losses that would push them into insolvency, and thus prevent them from making good on other obligations, which would then multiply the losses. Maybe the can kicking bought enough time for the vulnerable institutions to position themselves to avoid this.
Ever wondered why many e-books seem way over-priced? The DOJ reckons Apple (AAPL) and 5 major publishers have been colluding to raise prices and undermine Amazon (AMZN), and plans to sue, the WSJ reports. The publishers include Simon & Schuster (CBS), Penguin (PSO), and HarperCollins (NWSA), with some of the parties involved in talks to settle. [View news story]
This is where gov has a role. It is given force to repel illegitimate force, thereby making stealing expensive. Then to prevent gov from becoming the source of force you limit it by dividing it and and requiring it to have process. Without force all that is left is voluntary cooperation based on pricing and learning. Gov can't learn because force makes it blind to prices.
The United States Has Two Choices: Depression Or Bankruptcy [View article]
No, I see it as a trick. A way to implement gov force into markets without making it seem like it is gov doing it. As you say, read the Act. If it was not gov, then no act would be necessary. Even more to the point, if it is not gov, then why are people punished when they don't file their FRYs. I've never heard of private corporations being able to send people to jail for choosing not to participate in their product.
The United States Has Two Choices: Depression Or Bankruptcy [View article]
"A central bank is not part of the government."
I would suggest that this is just semantics. Try not filing a FR Y-8, 6, or 9, and see what happens to you. If our CB is not part of the gov, then why did we need the act in 1913, with it taking affect in 1914? This whole idea that a GSE or central bank not being part of the gov would make sense, if participation were purely voluntary, but they are not. Gov guns back up these actions, and as such that makes them a part of the gov. The reality of what the system is means more than what we say the system is.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
"speculating on resources that the world needs to function."
It would be better to say, "our current standard of living". The world could function and has functioned without oil for a long time. Its just that the standard of living was much lower. In fact oil was considered a nusance until Rockefeller innovated, and moved the world from whale oil to kerosene.
In the end, it is all about improving our standard of living, and as such everything is about profit. Profit is just another word for wages, and wages are a measure of how efficient people are at improving there standard of living. Thus, everything we do is about profit and we speculate on everything we do in order to find ways to improve our standard of living.
If you really want the standards of living to improve, you have to be sensitive to prices. Govs have guns, thus they are blind to prices. They will missue their force (try not paying your taxes and see what happens - hardly voluntary, thus blind to prices), and cause excess consumption. In other words, it will create additional consumers, which results in higher prices. It is actually using force in transactions that causes inflation. Consider the theft transaction. The thief uses a gun, and you give up everything you have for nothing.
This is an important lesson for investing. As long as gov is involved in markets, wealth transfer will occur. The rich will get richer and the poor will get poorer. Figure out how the patterns of wealth transfer will occur, and be their when it gets there. Bet rest assured, as long as gov injects force and fraud into the markets, the cost of living will increase and cause more and more austerity. If you want to avoid being one of the austere ones, take advantage of the system by paying attention to what subsidies the greedy mob is demanding.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
Speculation also drives prices down. With so much liquidity from the CB driving down rates, levering up to speculate drives up prices. Stop gov tyranny via monetary and fiscal policy, and prices could drop dramatically.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
And it could be much higer and we could have less unemployment. Of course when people are employed and have their own savings, it is diffucult for those with a tyrant's frame of mind to have power over them.
The United States Has Two Choices: Depression Or Bankruptcy [View article]
If you really wanted a sound and expandable medium for money, you would have to measure aggregate capital of a populace, and link the creation of the monopolized mediums for money to that. You would also have to make it a branch of gov that was coequal with the others, but with control from the states. Then you could have the issuance of money mediums (gov notes) concomitantly with the growth in the wealth of the society. Then you could have deflating consumable prices, inflating real wages, and inflation only for assets that allow for improving production methods that create the falling consumable prices.
When a gov monopolizes the mediums of exchange (ie bank notes - the central bank issues notes just as private banks used to, except now it is illegal for banks to do this, only the Fed can), the notes become stock certificates for the whole country. If you have too few stock certs, then raising capital for a growing and prospering company is problematic. When there are too many stock certs, people loose faith in them and they become diluted and less desired.
A central bank is a part of gov, as such it only has taxing power. It doesn't print money. It prints the mediums that represent money, because money is a contract for the exchange of capital, and you can't print capital. If people fail to realize that, the CB can tax them into rather deep austerity, because they won't see the issuance of diluted CB notes, like diluted stock, as the evidence of a weak economy and part of the problem the economy is getting weaker. However, if the CB is recognized as a taxing mechanism, there is no reason it cannot be the only taxing mechanism. Imagine no IRS, no tariffs, no user fees, etc. You would link, the creation of CB notes to growth in the economy, and gov uses these notes to purchase the goods and services it reguires to fullfil its legitimate functions. Such a system would allow for such wealth creation, that you could probably wipe out poverty.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
If more supply ultimately won't lower prices, then less supply shouldn't increase prices. If that's the case, then isn't OPEC just waisting its time?
QE 3 Is Coming - Which Stocks Will Benefit [View article]
OT was an admission that QE was driving up commodity speculation. Buying on the front end of the curve, allowed for highly leveraged plays that resulted in more buyers of commodities than there were commodities, and what happens when suddenly you have a bunch of new buyers of a limited product?
Sterilization seems to suggest the new course for the Fed. They want to induce risk by pushing people out on the yield curve. The next bubble may be in corporate and agency bonds.
The United States Has Two Choices: Depression Or Bankruptcy [View article]
This was basically what was happening during the 1880s and 1890s. We are told this was a terrible time because of "deflationary" pressures. It is considered "deflationary" because industrialization was lowering the costs of many things, sometimes as much as 30% a year. Imagine, even if your wages stayed flat, but the cost of everything you consumed dropped by 30%. That's like a 30% raise for you every year. The US was growing quickly, and the demand for labor was intense. This is why Ellis Island was so busy. There was a huge demand for that labor.
This is why Rockefeller and Morgan finally turned to the Fed gov to cartelize the system, because they could never achieve a monopoly without it. There was just too much competition from upstarts. Every time they tried to restrict supply and raise prices, new competitors would enter, competitors that needed employees, and the supply would expand and the price would come back down.
The US was quickly eclipsing the highly regulated and taxed economies of Europe, and the competition and innovation that were the result of markets free from gov force and fraud, like they had in Europe, was moving the US closer and closer from taking the superpower position Europe had away from them.
QE 3 Is Coming - Which Stocks Will Benefit [View article]
It looks like they are going to call it "sterilization". It really is the same strategic goal of twist. It is aimed at inducing more risk by getting people to go out on the yield curve. I already hear bankers moving more into corporates and longer agencies. They just better be ready to dump those at the right time. If they don't then their funding costs need to stay long enough for them to win long enough for that play not to hurt their capital to badly. Especially with the Fed proposing that unrealized losses may be included in Tier 1 in the future.
QE 3 Is Coming - Which Stocks Will Benefit [View article]
The rumor is "sterilization", which is really what OT is. This suggests that BB is still really concerned with getting people to take risk by looking for yield with longer maturities. The people first into the pool with this play will be the winners. If this scenario does occur then early buyers of longer bonds will win, but they had better be ready to get out with their gains, because if we do get inflation as we typically measure inflation then yields would eventually have to start coming up and people sitting in long bonds at that point will see unrealized losses in their positions.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
Greek Default And Devaluation: Would It Even Matter? [View article]
Continued Improvement In The Labor Market [View article]
Ever wondered why many e-books seem way over-priced? The DOJ reckons Apple (AAPL) and 5 major publishers have been colluding to raise prices and undermine Amazon (AMZN), and plans to sue, the WSJ reports. The publishers include Simon & Schuster (CBS), Penguin (PSO), and HarperCollins (NWSA), with some of the parties involved in talks to settle. [View news story]
The United States Has Two Choices: Depression Or Bankruptcy [View article]
The United States Has Two Choices: Depression Or Bankruptcy [View article]
I would suggest that this is just semantics. Try not filing a FR Y-8, 6, or 9, and see what happens to you. If our CB is not part of the gov, then why did we need the act in 1913, with it taking affect in 1914? This whole idea that a GSE or central bank not being part of the gov would make sense, if participation were purely voluntary, but they are not. Gov guns back up these actions, and as such that makes them a part of the gov. The reality of what the system is means more than what we say the system is.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
It would be better to say, "our current standard of living". The world could function and has functioned without oil for a long time. Its just that the standard of living was much lower. In fact oil was considered a nusance until Rockefeller innovated, and moved the world from whale oil to kerosene.
In the end, it is all about improving our standard of living, and as such everything is about profit. Profit is just another word for wages, and wages are a measure of how efficient people are at improving there standard of living. Thus, everything we do is about profit and we speculate on everything we do in order to find ways to improve our standard of living.
If you really want the standards of living to improve, you have to be sensitive to prices. Govs have guns, thus they are blind to prices. They will missue their force (try not paying your taxes and see what happens - hardly voluntary, thus blind to prices), and cause excess consumption. In other words, it will create additional consumers, which results in higher prices. It is actually using force in transactions that causes inflation. Consider the theft transaction. The thief uses a gun, and you give up everything you have for nothing.
This is an important lesson for investing. As long as gov is involved in markets, wealth transfer will occur. The rich will get richer and the poor will get poorer. Figure out how the patterns of wealth transfer will occur, and be their when it gets there. Bet rest assured, as long as gov injects force and fraud into the markets, the cost of living will increase and cause more and more austerity. If you want to avoid being one of the austere ones, take advantage of the system by paying attention to what subsidies the greedy mob is demanding.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
The United States Has Two Choices: Depression Or Bankruptcy [View article]
When a gov monopolizes the mediums of exchange (ie bank notes - the central bank issues notes just as private banks used to, except now it is illegal for banks to do this, only the Fed can), the notes become stock certificates for the whole country. If you have too few stock certs, then raising capital for a growing and prospering company is problematic. When there are too many stock certs, people loose faith in them and they become diluted and less desired.
A central bank is a part of gov, as such it only has taxing power. It doesn't print money. It prints the mediums that represent money, because money is a contract for the exchange of capital, and you can't print capital. If people fail to realize that, the CB can tax them into rather deep austerity, because they won't see the issuance of diluted CB notes, like diluted stock, as the evidence of a weak economy and part of the problem the economy is getting weaker. However, if the CB is recognized as a taxing mechanism, there is no reason it cannot be the only taxing mechanism. Imagine no IRS, no tariffs, no user fees, etc. You would link, the creation of CB notes to growth in the economy, and gov uses these notes to purchase the goods and services it reguires to fullfil its legitimate functions. Such a system would allow for such wealth creation, that you could probably wipe out poverty.
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more." [View news story]
QE 3 Is Coming - Which Stocks Will Benefit [View article]
Sterilization seems to suggest the new course for the Fed. They want to induce risk by pushing people out on the yield curve. The next bubble may be in corporate and agency bonds.
The United States Has Two Choices: Depression Or Bankruptcy [View article]
This is why Rockefeller and Morgan finally turned to the Fed gov to cartelize the system, because they could never achieve a monopoly without it. There was just too much competition from upstarts. Every time they tried to restrict supply and raise prices, new competitors would enter, competitors that needed employees, and the supply would expand and the price would come back down.
The US was quickly eclipsing the highly regulated and taxed economies of Europe, and the competition and innovation that were the result of markets free from gov force and fraud, like they had in Europe, was moving the US closer and closer from taking the superpower position Europe had away from them.
QE 3 Is Coming - Which Stocks Will Benefit [View article]
QE 3 Is Coming - Which Stocks Will Benefit [View article]