Money

[slapout9]

What is money by F.William Engdhal.



http://www.youtube.com/watch?v=scNGK2h-MkY

[slapout9]

Link to AMI history of money and a suggested monetary reform act.

http://www.monetary.org/32pageexplanation.pdf

[slapout9]

Link to article.


http://www.webofdebt.com/articles/battle_titans.php

[slapout9]

Max Keiser interviews Ellen Brown (Web Of Debt Author).


http://maxkeiser.com/2009/11/06/ote-26-on-the-edge-with-ellen-brown/

[slapout9]

Russian Economist predicts USA will shatter into 6 regional groups in fall of 2010:eek:
Map at the end of the article shows the new 6 US Countries.

http://online.wsj.com/article/SB123051100709638419.html

[Ken White]

Economists. They don't call it the Dismal Science for nothing, ya know... :D

[selil]

Seems I remember a Russian saying the same thing before too. Oh it is that Russian. Keep saying the same thing over and over again I guess.

[davidbfpo]

Slap,

In view of this:
Russian Economist predicts USA will shatter into 6 regional groups. Check Russian TV schedules to see if the US TV series 'Jericho' has been showing, IIRC that too had a similar divided USA.

I like the Russian author's theme that 'shatter' will follow existing state borders, contradictory IMHO.

[Dayuhan]

Slap,

In view of this:. Check Russian TV schedules to see if the US TV series 'Jericho' has been showing, IIRC that too had a similar divided USA.

I like the Russian author's theme that 'shatter' will follow existing state borders, contradictory IMHO.

I like the idea that Alaska will come under Russian rule... has to be because of Sarah Palin, but I'm not quite sure how.

[slapout9]

Since it is Presidents Day, read how President Lincoln handled the Tali-Banksters in his day.

http://www.webofdebt.com/articles/lincoln_and_paulson.php

[slapout9]

Max Kesier explains Financial Terrorism(Wall Street Banking) to the President.


http://www.youtube.com/watch?v=tUFpZyg2YFA

[slapout9]

FW Engdahl on the Greek Financial Crisis.



http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4827

[selil]

Hey slap listen carefully to what this guy says.. http://www.youtube.com/watch?v=mqe-TtzmV2o

[slapout9]

Hey slap listen carefully to what this guy says.. http://www.youtube.com/watch?v=mqe-TtzmV2o


Hey Sam, here is an article by Matt Taibbi. The original problem has never been fixed.


http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle

[slapout9]

Max Keiser on our new National Anthem.



http://www.youtube.com/watch?v=SF9fVMYMi9M&feature=player_embedded

[slapout9]

A British perspective by James Robertson.



http://www.youtube.com/watch?v=tHs9xnuxLhU&feature=related

[slapout9]

Cross post on J.K. Galbraith's latest and most important article on money and how it is impossible for a government to run out of money.


http://council.smallwarsjournal.com/showthread.php?p=94860#post94860

[Dayuhan]

Cross post on J.K. Galbraith's latest and most important article on money and how it is impossible for a government to run out of money.


Couple of things in that article kind of jump out...


Deficits put money in private pockets. Private households get more cash. They own that cash free and clear, and they can spend it as they like. If they wish, they can also convert it into interest-earning government bonds or they can repay their debts. This is called an increase in "net financial wealth." Ordinary people benefit, but there is nothing in it for banks.

If deficits benefit ordinary people, ordinary Americans at this point should be richer than Croesus. While deficit money does end up in people's pockets, the people it flows to are generally a long way from ordinary: the beneficiaries of government spending are generally as small a group as the corporate elite.


Increased private lending generates new tax revenue and smaller deficits; that's what happened in the 1990s.

That's just wrong. The deficit reduction of the 90s was driven not by bank lending, but by an outrageous and unsustainable surge in the valuation (not value) of fictitious "assets", like shares of Infospace or Pets.com. Yes, the taxes levied on fantasy "capital gains" balanced the budget, and the hiring sprees by companies spending invested money ran up lovely employment numbers, but at the end of the day all those lavishly paid employees weren't generating products, services, or revenues, and the captial gains were going to get sucked back into the black hole whence they came when valuation and value had to equalize. The mid to late 90s, I fear, represent one of the most egregious and unnecessary lapses in economic policy in American history. Government could have acted, had the tools to act, but simply didn't want to: bubbles are fun as long as they keep on growing, and if the Nasdaq's going up and the intern's going down, everything has got to be ok. Until it isn't. We're still paying the price...

[slapout9]

Link to article.

http://www.globalresearch.ca/index.php?context=va&aid=18034

[Schmedlap]

... if the Nasdaq's going up and the intern's going down, everything has got to be ok...
I'm going to plagiarize that often.

[Dayuhan]

I'm going to plagiarize that often.

You're more than welcome to it! :D

[bourbon]

Wall Street's War: Congress looked serious about finance reform – until America's biggest banks unleashed an army of 2,000 paid lobbyists (http://www.rollingstone.com/politics/news/;kw=[36899,157778]), by Matt Taibbi. Rolling Stone, June 10, 2010.

As it neared the finish line, the Restoring American Financial Stability Act was almost unprecedentedly broad in scope, in some ways surpassing even the health care bill in size and societal impact. It would rein in $600 trillion in derivatives, create a giant new federal agency to protect financial consumers, open up the books of the Federal Reserve for the first time in history and perhaps even break up the so-called "Too Big to Fail" giants on Wall Street. The recent history of the U.S. Congress suggests that it was almost a given that they would f@ck up this one real shot at slaying the dragon of corruption that has been slowly devouring not just our economy but our whole way of life over the past 20 years. Yet with just weeks left in the nearly year-long process at hammering out this huge new law, the bad guys were still on the run. Even the senators themselves seemed surprised at what as&holes they weren't being. This new baby of theirs, finance reform, was going to be that one rare kid who made it out of the filth and the crime of the hood for everybody to be proud of.

Then reality set in.

[slapout9]

Where is the Church on the issue of Usury? Link to article below.


http://canadafreepress.com/index.php/article/23067

[slapout9]

James Galbraith responds to Paul Krugman on how money really works in the USA.

http://krugman.blogs.nytimes.com/2010/07/17/more-on-deficit-limits/

[slapout9]

Best explanation I have seen so far.


http://www.youtube.com/watch?v=PTUY16CkS-k&feature=youtube_gdata_player

[slapout9]

Two part video from Max Keiser and second part by former Congressman Alan Grayson on how the Fed manipulates markets.



http://www.youtube.com/watch?v=sANWk4yU2sg&feature=player_embedded

[davidbfpo]

A rather well argued article on the Anglo-US central banks strategy to prevent economic woes - print money.

A taster:
It’s a “promise to pay” – but with what? In effect, the counterfeiters and the Old Lady are in the same business: producing something for nothing, money from thin air. The only discernible differences are legality and scale of ambition: through its recent programme of quantitative easing, the Bank has printed an extra £200 billion – and is tempted to keep going.

Link:http://www.telegraph.co.uk/finance/comment/jeffrandall/8147849/Jailed-counterfeiters-arent-a-patch-on-the-Bank-of-England.html

[slapout9]

:)Go UK!!!!!!


http://www.youtube.com/watch?v=qYtNwmXKIvM&feature=related

[davidbfpo]

Slap,

I fear Robin Hood has been distracted by the Irish maidens and he is now dispensing his gold there. Will locate some comments on that for you another day.

[slapout9]

Link to article.

http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm

[slapout9]

More on pushback from Russia and China about the dollar.


http://www.youtube.com/watch?v=mm4KFOT6zvM&feature=player_embedded

[slapout9]

link to site specializing in counterfeiting and its use in war.

http://currency_den.tripod.com/War_Counterfeits/war.html

[slapout9]

Nice interview with Dr. Michael Hudson on what the Bankers are up to.:eek:



http://www.youtube.com/watch?v=E3DsmGvVqiw&feature=sub

[slapout9]

Understanding Marx in 10 minutes or less.

http://www.youtube.com/watch?v=-e8rt8RGjCM

[davidbfpo]

A short article with a long title and given the spread of plastic money worth reading. The sub-title asks a question, which the writer IMHO fails to answer:
Governments would love to see the end of banknotes. But what would a cashless society mean for freedom?
Link:http://www.theguardian.com/commentisfree/2016/feb/15/crime-terrorism-and-tax-evasion-why-banks-are-waging-war-on-cash

Yes this thread has been reopened, it has 12k views.

[AmericanPride]

Is a war on cash a war on the poor?

From The Atlantic: http://www.theatlantic.com/business/archive/2016/03/banking-desert-ny-fed/473436/


When alternative financial services like payday lenders and check-cashing stores—the equivalent of fast-food chains and convenience stores in this scenario—swoop into neighborhoods left behind by mainstream banks, residents pay a steep price to meet their financial needs: The average borrower spends over $500 a year in interest just on payday loans. Residents end up diverting money that could have otherwise been used to pay for irregular expenses or to build wealth, instead paying to use the basic financial products that they so desperately need to manage their financial lives. Because like convenience stores in food deserts that don’t sell nutritious food that promotes good physical health, alternative financial services don’t sell products that build long-term financial health.

Technology like mobile banking and fintech innovations help close the geographic distance between households and brick-and-mortar bank branches, thereby increasing access to basic financial products. Yet technology alone cannot repair the negative impact that bank branch closures have had on mortgages and small business lending. Simply put, brick-and-mortar bank branches still matter for accessing credit to build wealth. Without a bank branch in their community, households have limited access to safer and more affordable products, like a savings account that could be used to pay for irregular expenses, or to invest in the future. And, as the New York Fed’s study indicates, residents lose access to small business loans and mortgages when bank branches close, hindering the investment and entrepreneurship needed to drive local economic growth.

[slapout9]

Is a war on cash a war on the poor?

From The Atlantic: http://www.theatlantic.com/business/archive/2016/03/banking-desert-ny-fed/473436/

I would say that it is. Where I live (just outside Montgomery) their are more payday lenders than fast food restaurants. The whole reason that the U S Postal service operated a bank for so long was to service the poor!

But Bill Clinton took care of that with some of his banking deregulations. Amazing how the Democrats got away with that and are still considered champions of the poor.

[davidbfpo]

By a financial writer in The Guardian and sub-titled:
Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance
Link:http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless

[Firn]

Italy has certainly stepped up it's efforts to increase the share of digital transactions at the expense of cash transfers. To some extent I do actually support this move however in some areas we have gone in my humble opinion too far.

There have been already a good amount of input into the discussion but maybe it is worthwhile to add that cash provides key benefits at an expense to the taxpayers - not the agents of the specific transaction. You also don't need a credit score or a seal of approval to hold and use cash.

Maybe the poor are indeed hit harder by the push towards digital transactions, I take a look at some studies.