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Thread: Money

  1. #21
    Council Member Dayuhan's Avatar
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    Quote Originally Posted by Schmedlap View Post
    I'm going to plagiarize that often.
    You're more than welcome to it!

  2. #22
    Council Member bourbon's Avatar
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    Wall Street's War: Congress looked serious about finance reform – until America's biggest banks unleashed an army of 2,000 paid lobbyists, 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.

  3. #23
    Council Member slapout9's Avatar
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    Where is the Church on the issue of Usury? Link to article below.


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

  4. #24
    Council Member slapout9's Avatar
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    James Galbraith responds to Paul Krugman on how money really works in the USA.

    http://krugman.blogs.nytimes.com/201...eficit-limits/

  5. #25
    Council Member slapout9's Avatar
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    Default Understanding Quantitative Easing?

    Best explanation I have seen so far.


    http://www.youtube.com/watch?v=PTUY1...e_gdata_player

  6. #26
    Council Member slapout9's Avatar
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    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=sANWk...layer_embedded

  7. #27
    Council Member davidbfpo's Avatar
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    Default Jailed counterfeiters aren't a patch on the Bank of England

    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/c...f-England.html
    davidbfpo

  8. #28
    Council Member slapout9's Avatar
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  9. #29
    Council Member davidbfpo's Avatar
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    Default Go UK!

    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.
    davidbfpo

  10. #30
    Council Member slapout9's Avatar
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    Default China And Russia To Quit The Dollar!


  11. #31
    Council Member slapout9's Avatar
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    More on pushback from Russia and China about the dollar.


    http://www.youtube.com/watch?v=mm4KF...layer_embedded

  12. #32
    Council Member slapout9's Avatar
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    Default Counterfeiting And War

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

    http://currency_den.tripod.com/War_C...feits/war.html

  13. #33
    Council Member slapout9's Avatar
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    Nice interview with Dr. Michael Hudson on what the Bankers are up to.



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

  14. #34
    Council Member slapout9's Avatar
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    Default Karl Marx Revenge

    Understanding Marx in 10 minutes or less.

    http://www.youtube.com/watch?v=-e8rt8RGjCM
    Last edited by slapout9; 12-19-2010 at 06:33 PM. Reason: stuff

  15. #35
    Council Member davidbfpo's Avatar
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    Default Crime, terrorism and tax evasion: why banks are waging war on cash

    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/commentis...ng-war-on-cash

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

  16. #36
    Council Member AmericanPride's Avatar
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    Is a war on cash a war on the poor?

    From The Atlantic: http://www.theatlantic.com/business/...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.
    When I am weaker than you, I ask you for freedom because that is according to your principles; when I am stronger than you, I take away your freedom because that is according to my principles. - Louis Veuillot

  17. #37
    Council Member slapout9's Avatar
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    Quote Originally Posted by AmericanPride View Post
    Is a war on cash a war on the poor?

    From The Atlantic: http://www.theatlantic.com/business/...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.

  18. #38
    Council Member davidbfpo's Avatar
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    Default Why we should fear a cashless world

    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/com...ld-contactless
    davidbfpo

  19. #39
    Council Member Firn's Avatar
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    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.
    ... "We need officers capable of following systematically the path of logical argument to its conclusion, with disciplined intellect, strong in character and nerve to execute what the intellect dictates"

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