quote:

ORIGINAL: Plasticine

Picture if you will... Several men desperately trying to explain poor circumstance scouring the internet for any hope of solace.  What they find will not only satisfy them, it will making them into raving lunatics.  You are entering a space between day and night, between reality and imagination... the signpost up ahead says, "Welcome to the Twilight Zone".

quote:

ORIGINAL: pahunkboy

This is why there is a deficit.  It is all interest to the bank.   Money interest is never created.   Banks create it.  For their private good.

This is like paying ME $20 when you do not have to.

If the govt created the money- there would be no interest- and no national debt.   Which means there would be no interest -- no federal income taxes would be needed.


Thanks to all you looked at this thread.

:-)

quote:

ORIGINAL: thornhappy

Hunk, I don't know what's happened to you this last week, but you're more obsessed than usual over the bank stuff.  It's appearing in practically every thread.

What's going on?

quote:

ORIGINAL: pahunkboy

This is why there is a deficit.  It is all interest to the bank.   Money interest is never created.   Banks create it.  For their private good.

This is like paying ME $20 when you do not have to.

If the govt created the money- there would be no interest- and no national debt.   Which means there would be no interest -- no federal income taxes would be needed.


Thanks to all you looked at this thread.

:-)

quote:

ORIGINAL: Musicmystery

And manipulates the silver market.

quote:

What is the net effect of all this borrowing ?

The answer is that it has artificially propped up the effective value of our currency.

It it hadn't happened there could never be such a huge trade imbalance.

The only way is default.

The easy life of a caveman is coming back by force of nature. That is because the system has been mismanaged so badly. Soon the rest of the world is going to see our T bills like penny stocks.

quote:

The Wizards of Money - MP3 Audio and Transcript Downloads

Summary: The Wizards of Money is an educational series that questions the validity of the global monetary system. Listen and discover amazing facts about the world-wide debt system we've all been enslaved by, and how this system produces economic disparity and the massive poverty conditions in which most people find themselves today.

About the Host: Smithy has degrees in mathematics and economics. She works as a consultant calculating investment risk for financial institutions, therefore she does not reveal her real name

quote:

ORIGINAL: Musicmystery

quote:

What is the net effect of all this borrowing ?

The answer is that it has artificially propped up the effective value of our currency.

It it hadn't happened there could never be such a huge trade imbalance.

The only way is default.

The easy life of a caveman is coming back by force of nature. That is because the system has been mismanaged so badly. Soon the rest of the world is going to see our T bills like penny stocks.

silverbrain is prattling about the Fed and monetary policy. You are prattling about fiscal policy.

Nobody is touting borrowing, but from there you're off to fantasyland. It doesn't prop up our currency's value--the relative strength of our production does that. Default? We are nowhere close to that. T bill interest rates are up, precisely because investors judge us stronger than alternative investments. If you want to settle up and just "pay off" the trade imbalance, you misunderstand how floating currencies work, confusing it with the old Bretton Woods system. The market has already made that adjustment.

What IS hurting us is continued tight credit. Confidence has yet to recover as assets remain under suspicion. Consequently, even that company that has depleted inventories and wants to expand and hire finds credit costs prohibitive and waits until the need justifies even such higher costs--or until banks again decide they want to do business. Even at the consumer level--I would normally borrow short term for something like your transmission example, but even though nothing in my credit has changed, now they expect double digit interest rates and I'm not paying that, so I look to my savings to cover it. However, that also means I sit down and plan ahead for every purchase and contingency, budget accordingly, and spend far less.

quote:

ORIGINAL: jlf1961

Will the NWO please hurry up and take over?  It will probably be the only way to get hunky to stop this nonsense

quote:

ORIGINAL: Musicmystery

You're joking right?

quote:

The Wizards of Money - MP3 Audio and Transcript Downloads

Summary: The Wizards of Money is an educational series that questions the validity of the global monetary system. Listen and discover amazing facts about the world-wide debt system we've all been enslaved by, and how this system produces economic disparity and the massive poverty conditions in which most people find themselves today.

About the Host: Smithy has degrees in mathematics and economics. She works as a consultant calculating investment risk for financial institutions, therefore she does not reveal her real name

Questions, not explains--another conspiracy theorist. No wonder she won't give her real name--and leaves her claims unverifiable.

quote:

ORIGINAL: juliaoceania

quote:

ORIGINAL: Musicmystery

You're joking right?

quote:

The Wizards of Money - MP3 Audio and Transcript Downloads

Summary: The Wizards of Money is an educational series that questions the validity of the global monetary system. Listen and discover amazing facts about the world-wide debt system we've all been enslaved by, and how this system produces economic disparity and the massive poverty conditions in which most people find themselves today.

About the Host: Smithy has degrees in mathematics and economics. She works as a consultant calculating investment risk for financial institutions, therefore she does not reveal her real name

Questions, not explains--another conspiracy theorist. No wonder she won't give her real name--and leaves her claims unverifiable.

Have you listened to the audios?

quote:

ORIGINAL: juliaoceania

quote:

ORIGINAL: Musicmystery

You're joking right?

quote:

The Wizards of Money - MP3 Audio and Transcript Downloads

Summary: The Wizards of Money is an educational series that questions the validity of the global monetary system. Listen and discover amazing facts about the world-wide debt system we've all been enslaved by, and how this system produces economic disparity and the massive poverty conditions in which most people find themselves today.

About the Host: Smithy has degrees in mathematics and economics. She works as a consultant calculating investment risk for financial institutions, therefore she does not reveal her real name

Questions, not explains--another conspiracy theorist. No wonder she won't give her real name--and leaves her claims unverifiable.

Have you listened to the audios?

quote:

Wow- that looks interesting.  Thanks for the link.