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Posted: 2/9/2016 6:26:00 PM EDT
[#1]
Diversify, bread, lead and gold.
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Posted: 2/9/2016 6:28:45 PM EDT
[#2]
Quote HistoryQuoted: So in other words, you are saying that institutional money has more knowledge and is able to manipulate the commodities market, but the equity markets are off limits and are a safe haven to retail traders? Check please!  |
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Posted: 2/9/2016 6:28:54 PM EDT
[#3]
Quote HistoryQuoted:
Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! Quote HistoryQuoted:
Quoted:
The last desperate and useless measure of failed economic policies. Fiscal policy hardly helped. The Social Security payroll tax debuted in 1937, on top of the tax increase mandated by the Revenue Act of 1935. The changes in the net effect of government spending have been heavily emphasized as a cause of both the recession and the revival of 1937?38. For example, in 1939, Marriner Eccles asserted that the “too rapid withdrawal of the government’s stimulus…accompanied by other important factors…[led to the] rapid deflation in the fall of 1937, which continued until the present spending program of the government was begun last summer” (Federal Reserve Bank of St. Louis 1939). The acceptance of this viewpoint among high-ranking officials gives added significance to an investigation of government fiscal policy.
The recession ended after the Fed rolled back reserve requirements, the Treasury stopped sterilizing gold inflows and desterilized all remaining gold that had been sterilized since December 1936, and the Roosevelt administration began pursuing expansionary fiscal policies. The recovery from 1938 to 1942 was spectacular: Output grew by 49 percent, fueled by gold inflows from Europe and a major defense buildup. Concerning the recovery from the recent financial crisis, the 1937 episode provides a “cautionary tale,” wrote economist Christina Romer, against withdrawing economic support too early: A return to economic decline, or even panic, could follow. Chicago Fed President Charles Evans expressed a similar view in 2012: “There is a natural tendency for policymakers to pull back on accommodation too early before the real rate of interest has fallen to low enough levels. Such errors happened in 1937 when the Fed prematurely withdrew accommodation.” In short, the 1937 recession warns us to proceed with caution. Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! The idea that war improves the economy is simply the broken window fallacy applied on a larger scale. |
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Posted: 2/9/2016 6:29:48 PM EDT
[#4]
Musical chairs anyone?
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Posted: 2/9/2016 6:32:38 PM EDT
[#5]
The Money Masters Famous Banking Quotes
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809) “I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson “… The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.” -Thomas Jefferson james James Madison “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -James Madison “If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.” -Andrew Jackson When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, Emperor of France, 1815 “Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.” – Theodore Roosevelt Woodrow Wilson Woodrow Wilson Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson Years later, reflecting on the major banks’ control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had “killed” the 2nd Bank of the US (an earlier type of the Federal Reserve System). After Jackson’s administration the bankers’ influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913. Roosevelt knew this history. The real truth of the matter is,as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson… -Franklin D. Roosevelt (in a letter to Colonel House, dated November 21, 1933) |
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Posted: 2/9/2016 6:33:07 PM EDT
[#6]
So things are getting worse and will become even more worse and buy more ammo? Got it.
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Posted: 2/9/2016 6:33:33 PM EDT
[#7]
It's been the same zero-boundary crisis going on fifteen years now. The same one Bernanke wrote about when he proposed our current monetary policy, that got him nominated by Bush.
It isn't going to end until somebody addresses the actual problem. |
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Posted: 2/9/2016 6:34:48 PM EDT
[#8]
Negative interest rates you say?
Wouldn't that cause a run on banks as people don't want to have their life savings chipped away? Reminds me of this scene in the movie Sneakers: 
Or this scene from a Wonderful Life:
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Posted: 2/9/2016 6:35:55 PM EDT
[#9]
Quote HistoryQuoted:
During the Great Depression, the banks failed, and they bailed-in the depositors, confiscated their funds. Because of that, money was in scarce supply and held high value. The money was also in PM as silver was still in circulation. Thank goodness we will never see another bail-in, in this country. EDIT: If you had gold during the Great Depression, and people still did, you still had wealth. Quote HistoryQuoted:
Quoted:
Tell that to the people who had gold during the depression. During the Great Depression, the banks failed, and they bailed-in the depositors, confiscated their funds. Because of that, money was in scarce supply and held high value. The money was also in PM as silver was still in circulation. Thank goodness we will never see another bail-in, in this country. EDIT: If you had gold during the Great Depression, and people still did, you still had wealth. Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. |
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Posted: 2/9/2016 6:36:33 PM EDT
[#10]
Quote HistoryQuoted:
There's an article over at Zerohedge (I won't link to it because then a bunch of people will complain about Zerohedge) that quotes Deutsche Bank coming out today with the same recommendation: NIRP. Deutsche bank also thinks the abolition of physical currency and a move to something like an E Dollar would be a good idea because then "they have more tools." Fascinating stuff. Schäuble is another person that is a traitor to Germany. I wish he would have died during the assassination attempt in 1990. |
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Posted: 2/9/2016 6:38:50 PM EDT
[#11]
Once we give up our sovereignty and combine the US with Canada and Mexico the new Amero currency will fix it. The North American Union (NU) will be the answer. That's how it will be sold...wait and see...
Just ask Heidi Cruz one of the main authors of the CFR plan to dismantle the US making a "Euro Union" out of North America. She will make a great first lady and help "guide us" with the help of the CFR Globalists when this goes down as planned. http://www.dcclothesline.com/2015/04/04/can-you-handle-the-truth-ted-heidi-cruz-and-the-north-american-union/ This is why I stopped supporting Cruz. Cruz supporters...we've been had. Trump 2016 |
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Posted: 2/9/2016 6:40:12 PM EDT
[#12]
Quote HistoryQuoted:
They obviously have an advantage in both, but with stocks everyone can make money. With commodities you only make money at the expense of someone else. That is inherently more risky for the non-professional. Quote HistoryQuoted:
Quoted:
So in other words, you are saying that institutional money has more knowledge and is able to manipulate the commodities market, but the equity markets are off limits and are a safe haven to retail traders? Check please! You are describing speculation vs investing, but that has nothing to do with owning a commodity. In re to share ownership, not everyone can make money either. During a growth phase everyone along the way up can make money, sure, but after the company stops growing and eventually dies, all those shares will eventually be worth 0 and the shareholders left holding the bag will loose all the way down. This just happens faster in the futures market because you are dealing within time-bound contracts. |
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Posted: 2/9/2016 6:40:12 PM EDT
[#13]
Quote HistoryQuoted:
Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. Quote HistoryQuoted:
Quoted:
Quoted:
Tell that to the people who had gold during the depression. During the Great Depression, the banks failed, and they bailed-in the depositors, confiscated their funds. Because of that, money was in scarce supply and held high value. The money was also in PM as silver was still in circulation. Thank goodness we will never see another bail-in, in this country. EDIT: If you had gold during the Great Depression, and people still did, you still had wealth. Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. You could still own gold. Each person was allowed to keep around 5 ounces. Only one guy in the entire country was ever prosecuted for not turning it all in, and that case was ultimately dismissed. The stories about the .gov going around looking for it all are mostly urban legend. It was an anti hoarding act, not a you can't own it" act. "You can't own it" urban legend comes from places like Goldline. Most people willingly turned it in for the good of the country. It was a different time. |
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Posted: 2/9/2016 6:40:58 PM EDT
[#14]
Quote HistoryQuoted:
Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! Quote HistoryQuoted:
Quoted:
The last desperate and useless measure of failed economic policies. Fiscal policy hardly helped. The Social Security payroll tax debuted in 1937, on top of the tax increase mandated by the Revenue Act of 1935. The changes in the net effect of government spending have been heavily emphasized as a cause of both the recession and the revival of 1937?38. For example, in 1939, Marriner Eccles asserted that the “too rapid withdrawal of the government’s stimulus…accompanied by other important factors…[led to the] rapid deflation in the fall of 1937, which continued until the present spending program of the government was begun last summer” (Federal Reserve Bank of St. Louis 1939). The acceptance of this viewpoint among high-ranking officials gives added significance to an investigation of government fiscal policy.
The recession ended after the Fed rolled back reserve requirements, the Treasury stopped sterilizing gold inflows and desterilized all remaining gold that had been sterilized since December 1936, and the Roosevelt administration began pursuing expansionary fiscal policies. The recovery from 1938 to 1942 was spectacular: Output grew by 49 percent, fueled by gold inflows from Europe and a major defense buildup. Concerning the recovery from the recent financial crisis, the 1937 episode provides a “cautionary tale,” wrote economist Christina Romer, against withdrawing economic support too early: A return to economic decline, or even panic, could follow. Chicago Fed President Charles Evans expressed a similar view in 2012: “There is a natural tendency for policymakers to pull back on accommodation too early before the real rate of interest has fallen to low enough levels. Such errors happened in 1937 when the Fed prematurely withdrew accommodation.” In short, the 1937 recession warns us to proceed with caution. Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! or cut all forms of welfare by 100% and reduce all taxes by 95%.....but then they would have to admit they were either wrong all along or have to admit it was all a big vote buying scheme. history tells us what these insane motherfuckers are capable of |
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Posted: 2/9/2016 6:42:11 PM EDT
[#15]
Quote HistoryQuoted:
Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. Quote HistoryQuoted:
Quoted:
Quoted:
Tell that to the people who had gold during the depression. During the Great Depression, the banks failed, and they bailed-in the depositors, confiscated their funds. Because of that, money was in scarce supply and held high value. The money was also in PM as silver was still in circulation. Thank goodness we will never see another bail-in, in this country. EDIT: If you had gold during the Great Depression, and people still did, you still had wealth. Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. My grandparents lived through the depression and raised a very large family. I can assure you, most people didn't give two shits about the laws when they were doing everything they could to survive and keep their family alive. |
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Posted: 2/9/2016 6:44:59 PM EDT
[#16]
Quote HistoryQuoted:
We simply haven't found a worthy opponent of our industrial capacity to carpet-bomb their land into Swiss cheese. These little goat-raping savages are scattered around in tiny pockets that don't warrant the sustained combat power of this fully operational battle station. If only we could find some organized military with lots of planes, tanks, and cities that will take time to blast with continual sorties, then we've hit long-term employment opportunities and a new industrial era shot to the arm. Only problem is that out predecessors have equipped us with such efficient tools of destruction, that none of the other nations on earth want to go toe-to-toe with us because they saw what happened to Saddam's army in a matter of days in Desert Storm. It sent shock waves through the Soviets/Russians and their customers, as all their tanks were turned into cloud-spewing trash cans with human remains melting on the wreckages, with US airpower rolling through their skies with immediate dominance and a continual conveyor belt of munitions that bombed their European-built infrastructure into the past. If we could establish some type of nuclear inspection agreement with Iran, maybe it would be a nice pretext to stomping them a new excrement nozzle at a societal level? Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
The last desperate and useless measure of failed economic policies. Fiscal policy hardly helped. The Social Security payroll tax debuted in 1937, on top of the tax increase mandated by the Revenue Act of 1935. The changes in the net effect of government spending have been heavily emphasized as a cause of both the recession and the revival of 1937?38. For example, in 1939, Marriner Eccles asserted that the “too rapid withdrawal of the government’s stimulus…accompanied by other important factors…[led to the] rapid deflation in the fall of 1937, which continued until the present spending program of the government was begun last summer” (Federal Reserve Bank of St. Louis 1939). The acceptance of this viewpoint among high-ranking officials gives added significance to an investigation of government fiscal policy.
The recession ended after the Fed rolled back reserve requirements, the Treasury stopped sterilizing gold inflows and desterilized all remaining gold that had been sterilized since December 1936, and the Roosevelt administration began pursuing expansionary fiscal policies. The recovery from 1938 to 1942 was spectacular: Output grew by 49 percent, fueled by gold inflows from Europe and a major defense buildup. Concerning the recovery from the recent financial crisis, the 1937 episode provides a “cautionary tale,” wrote economist Christina Romer, against withdrawing economic support too early: A return to economic decline, or even panic, could follow. Chicago Fed President Charles Evans expressed a similar view in 2012: “There is a natural tendency for policymakers to pull back on accommodation too early before the real rate of interest has fallen to low enough levels. Such errors happened in 1937 when the Fed prematurely withdrew accommodation.” In short, the 1937 recession warns us to proceed with caution. Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! we are in the middle of a 15 year war and hasn't really helped. We simply haven't found a worthy opponent of our industrial capacity to carpet-bomb their land into Swiss cheese. These little goat-raping savages are scattered around in tiny pockets that don't warrant the sustained combat power of this fully operational battle station. If only we could find some organized military with lots of planes, tanks, and cities that will take time to blast with continual sorties, then we've hit long-term employment opportunities and a new industrial era shot to the arm. Only problem is that out predecessors have equipped us with such efficient tools of destruction, that none of the other nations on earth want to go toe-to-toe with us because they saw what happened to Saddam's army in a matter of days in Desert Storm. It sent shock waves through the Soviets/Russians and their customers, as all their tanks were turned into cloud-spewing trash cans with human remains melting on the wreckages, with US airpower rolling through their skies with immediate dominance and a continual conveyor belt of munitions that bombed their European-built infrastructure into the past. If we could establish some type of nuclear inspection agreement with Iran, maybe it would be a nice pretext to stomping them a new excrement nozzle at a societal level? Nah, we don't owe them any money. What better way to wipe out a debt than by killing the person you owe money to? Posted Via AR15.Com Mobile |
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Posted: 2/9/2016 6:46:00 PM EDT
[#17]
Can't wait till they are paying my mortgage with the negative interest rate
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Posted: 2/9/2016 6:49:39 PM EDT
[#18]
Quote HistoryQuoted:
so what does this mean for regular joes? banks will be charged for sitting on money by the fed? Then they pass those fees on to us? damned if you do and damned if you don't? Anyone with a savings account or short term CD has been receiving negative interest for years when you consider inflation. This is just more of the same with a chaser for a lot of people. |
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Posted: 2/9/2016 6:52:21 PM EDT
[#19]
Quote HistoryQuoted:
Can't wait till they are paying my mortgage with the negative interest rate Won't happen, you will become an institutionalized renter. |
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Posted: 2/9/2016 6:55:38 PM EDT
[#20]
Quote HistoryQuoted:
Musical chairs anyone? More like Titanic deck chairs. |
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Posted: 2/9/2016 6:58:47 PM EDT
[#21]
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Posted: 2/9/2016 6:59:43 PM EDT
[#22]
Banks and the gov are too big to fail. We must steal everything from everyone instead. Great policies.
Fuck it. Do it. Lets start the fire and fan the flames. I'm at the some men just want to watch the world burn stage lately. |
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Posted: 2/9/2016 7:00:44 PM EDT
[#23]
It's pretty obvious the FED is losing control, I suspect behind closed doors they are in an absolute panic. Yellen looks like she is about to stroke out every time she appears in public. Countless trillions in QE, debt, crony lending and crooked bailout deals and the country has absolutely nothing to show for it and we are now teetering on the edge of national bankruptcy.
This is no joke folks, if the FED institutes negative rates, hedge accordantly and prepare your family and friends for what is coming. We could be facing a life altering economic event if this falls apart. I would not be surprised to see a historic market/bond reset, currency devaluation, cash withdraw limits and potential bank runs. 
Interesting times for sure.... 
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Posted: 2/9/2016 7:01:06 PM EDT
[#24]
Quote HistoryQuoted:
My grandparents lived through the depression and raised a very large family. I can assure you, most people didn't give two shits about the laws when they were doing everything they could to survive and keep their family alive. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Tell that to the people who had gold during the depression. During the Great Depression, the banks failed, and they bailed-in the depositors, confiscated their funds. Because of that, money was in scarce supply and held high value. The money was also in PM as silver was still in circulation. Thank goodness we will never see another bail-in, in this country. EDIT: If you had gold during the Great Depression, and people still did, you still had wealth. Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. My grandparents lived through the depression and raised a very large family. I can assure you, most people didn't give two shits about the laws when they were doing everything they could to survive and keep their family alive. Same exact thing here. I grew up listening to depression era stories. Shit got done to feed the family good bad and in between. My grandfather told me about the year .gov came and confiscated everyone's cattle due to a bangs outbreak. They did pay a little bit but you did not have the right to say no, and it did not matter if your cattle did not have bangs. They took all the animals out and shot them then piled them up and burned them. He also told me about the whole family making it through one winter on black eyed peas and hot water cornbread , cause the other crops failed. When I hear people in GD talk out their ass about gold being illegal and prison terms it's just that. Talk people during the 1930's did what ever it took to get by. Including using illegal gold currency. |
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Posted: 2/9/2016 7:02:54 PM EDT
[#25]
Quote HistoryQuoted:
It's pretty obvious the FED is losing control, I suspect behind closed doors they are in an absolute panic. Yellen looks like she is about to stroke out every time she appears in public. Countless trillions in QE, debt, crony lending and crooked bailout deals and the country has absolutely nothing to show for it and we are now teetering on the edge of national bankruptcy.
This is no joke folks, if the FED institutes negative rates, hedge accordantly and prepare your family and friends for what is coming. We could be facing a life altering economic event if this falls apart. I would not be surprised to see a historic market/bond reset, currency devaluation, cash withdraw limits and potential bank runs.
Interesting times for sure.... Actually, she did stroke out during a speech a couple months back.
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Posted: 2/9/2016 7:17:36 PM EDT
[#26]
Quote HistoryQuoted:
Actually, she did stroke out during a speech a couple months back.  http://www.youtube.com/watch?v=1YAEHJvNscsQuote HistoryQuoted:
Quoted:
It's pretty obvious the FED is losing control, I suspect behind closed doors they are in an absolute panic. Yellen looks like she is about to stroke out every time she appears in public. Countless trillions in QE, debt, crony lending and crooked bailout deals and the country has absolutely nothing to show for it and we are now teetering on the edge of national bankruptcy.
This is no joke folks, if the FED institutes negative rates, hedge accordantly and prepare your family and friends for what is coming. We could be facing a life altering economic event if this falls apart. I would not be surprised to see a historic market/bond reset, currency devaluation, cash withdraw limits and potential bank runs.
Interesting times for sure.... Actually, she did stroke out during a speech a couple months back. http://www.youtube.com/watch?v=1YAEHJvNscsthat was painful to watch.
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Posted: 2/9/2016 7:36:12 PM EDT
[#27]
Quote HistoryQuoted:
that was painful to watch. Quote HistoryQuoted:
Quoted:
Quoted:
It's pretty obvious the FED is losing control, I suspect behind closed doors they are in an absolute panic. Yellen looks like she is about to stroke out every time she appears in public. Countless trillions in QE, debt, crony lending and crooked bailout deals and the country has absolutely nothing to show for it and we are now teetering on the edge of national bankruptcy.
This is no joke folks, if the FED institutes negative rates, hedge accordantly and prepare your family and friends for what is coming. We could be facing a life altering economic event if this falls apart. I would not be surprised to see a historic market/bond reset, currency devaluation, cash withdraw limits and potential bank runs.
Interesting times for sure.... Actually, she did stroke out during a speech a couple months back. http://www.youtube.com/watch?v=1YAEHJvNscsthat was painful to watch. I think she was trying to swallow the bullshit she's trying to spew. |
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Posted: 2/9/2016 7:43:21 PM EDT
[#28]
Quote HistoryQuoted:
Actually, she did stroke out during a speech a couple months back. http://www.youtube.com/watch?v=1YAEHJvNscsQuote HistoryQuoted:
Quoted:
It's pretty obvious the FED is losing control, I suspect behind closed doors they are in an absolute panic. Yellen looks like she is about to stroke out every time she appears in public. Countless trillions in QE, debt, crony lending and crooked bailout deals and the country has absolutely nothing to show for it and we are now teetering on the edge of national bankruptcy.
This is no joke folks, if the FED institutes negative rates, hedge accordantly and prepare your family and friends for what is coming. We could be facing a life altering economic event if this falls apart. I would not be surprised to see a historic market/bond reset, currency devaluation, cash withdraw limits and potential bank runs.
Interesting times for sure.... Actually, she did stroke out during a speech a couple months back. http://www.youtube.com/watch?v=1YAEHJvNscsWow I hadn't seen that. That was nuts. |
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Posted: 2/9/2016 7:49:38 PM EDT
[#29]
Quote HistoryQuoted: I think she was trying to swallow the bullshit she's trying to spew. Quote HistoryQuoted: Quoted: Quoted: Quoted: It's pretty obvious the FED is losing control, I suspect behind closed doors they are in an absolute panic. Yellen looks like she is about to stroke out every time she appears in public. Countless trillions in QE, debt, crony lending and crooked bailout deals and the country has absolutely nothing to show for it and we are now teetering on the edge of national bankruptcy. This is no joke folks, if the FED institutes negative rates, hedge accordantly and prepare your family and friends for what is coming. We could be facing a life altering economic event if this falls apart. I would not be surprised to see a historic market/bond reset, currency devaluation, cash withdraw limits and potential bank runs. Interesting times for sure.... Actually, she did stroke out during a speech a couple months back. http://www.youtube.com/watch?v=1YAEHJvNscsthat was painful to watch. I think she was trying to swallow the bullshit she's trying to spew. |
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Posted: 2/9/2016 7:53:44 PM EDT
[#30]
Quote HistoryQuoted:
We simply haven't found a worthy opponent of our industrial capacity to carpet-bomb their land into Swiss cheese. These little goat-raping savages are scattered around in tiny pockets that don't warrant the sustained combat power of this fully operational battle station. If only we could find some organized military with lots of planes, tanks, and cities that will take time to blast with continual sorties, then we've hit long-term employment opportunities and a new industrial era shot to the arm. Only problem is that out predecessors have equipped us with such efficient tools of destruction, that none of the other nations on earth want to go toe-to-toe with us because they saw what happened to Saddam's army in a matter of days in Desert Storm. It sent shock waves through the Soviets/Russians and their customers, as all their tanks were turned into cloud-spewing trash cans with human remains melting on the wreckages, with US airpower rolling through their skies with immediate dominance and a continual conveyor belt of munitions that bombed their European-built infrastructure into the past. If we could establish some type of nuclear inspection agreement with Iran, maybe it would be a nice pretext to stomping them a new excrement nozzle at a societal level? Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
The last desperate and useless measure of failed economic policies. Fiscal policy hardly helped. The Social Security payroll tax debuted in 1937, on top of the tax increase mandated by the Revenue Act of 1935. The changes in the net effect of government spending have been heavily emphasized as a cause of both the recession and the revival of 1937?38. For example, in 1939, Marriner Eccles asserted that the “too rapid withdrawal of the government’s stimulus…accompanied by other important factors…[led to the] rapid deflation in the fall of 1937, which continued until the present spending program of the government was begun last summer” (Federal Reserve Bank of St. Louis 1939). The acceptance of this viewpoint among high-ranking officials gives added significance to an investigation of government fiscal policy.
The recession ended after the Fed rolled back reserve requirements, the Treasury stopped sterilizing gold inflows and desterilized all remaining gold that had been sterilized since December 1936, and the Roosevelt administration began pursuing expansionary fiscal policies. The recovery from 1938 to 1942 was spectacular: Output grew by 49 percent, fueled by gold inflows from Europe and a major defense buildup. Concerning the recovery from the recent financial crisis, the 1937 episode provides a “cautionary tale,” wrote economist Christina Romer, against withdrawing economic support too early: A return to economic decline, or even panic, could follow. Chicago Fed President Charles Evans expressed a similar view in 2012: “There is a natural tendency for policymakers to pull back on accommodation too early before the real rate of interest has fallen to low enough levels. Such errors happened in 1937 when the Fed prematurely withdrew accommodation.” In short, the 1937 recession warns us to proceed with caution. Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! we are in the middle of a 15 year war and hasn't really helped. We simply haven't found a worthy opponent of our industrial capacity to carpet-bomb their land into Swiss cheese. These little goat-raping savages are scattered around in tiny pockets that don't warrant the sustained combat power of this fully operational battle station. If only we could find some organized military with lots of planes, tanks, and cities that will take time to blast with continual sorties, then we've hit long-term employment opportunities and a new industrial era shot to the arm. Only problem is that out predecessors have equipped us with such efficient tools of destruction, that none of the other nations on earth want to go toe-to-toe with us because they saw what happened to Saddam's army in a matter of days in Desert Storm. It sent shock waves through the Soviets/Russians and their customers, as all their tanks were turned into cloud-spewing trash cans with human remains melting on the wreckages, with US airpower rolling through their skies with immediate dominance and a continual conveyor belt of munitions that bombed their European-built infrastructure into the past. If we could establish some type of nuclear inspection agreement with Iran, maybe it would be a nice pretext to stomping them a new excrement nozzle at a societal level? You shore talk purty. I like it. ;D Posted Via AR15.Com Mobile |
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Posted: 2/9/2016 8:21:30 PM EDT
[#31]
Quote HistoryQuoted:
My grandparents lived through the depression and raised a very large family. I can assure you, most people didn't give two shits about the laws when they were doing everything they could to survive and keep their family alive. Quote HistoryQuoted:
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Tell that to the people who had gold during the depression. During the Great Depression, the banks failed, and they bailed-in the depositors, confiscated their funds. Because of that, money was in scarce supply and held high value. The money was also in PM as silver was still in circulation. Thank goodness we will never see another bail-in, in this country. EDIT: If you had gold during the Great Depression, and people still did, you still had wealth. Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. My grandparents lived through the depression and raised a very large family. I can assure you, most people didn't give two shits about the laws when they were doing everything they could to survive and keep their family alive. My grandfather would go scour the railroad tracks for any coal that might have spilled out of the coal cars. He had a coal bucket and little coal shovel. He then used that coal to heat the house and keep my mom, aunts, uncles warm back then. My mom still has that coal bucket and shovel. |
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Posted: 2/9/2016 8:38:23 PM EDT
[#32]
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My grandfather would go scour the railroad tracks for any coal that might have spilled out of the coal cars. He had a coal bucket and little coal shovel. He then used that coal to heat the house and keep my mom, aunts, uncles warm back then. My mom still has that coal bucket and shovel. Quote HistoryQuoted:
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Tell that to the people who had gold during the depression. During the Great Depression, the banks failed, and they bailed-in the depositors, confiscated their funds. Because of that, money was in scarce supply and held high value. The money was also in PM as silver was still in circulation. Thank goodness we will never see another bail-in, in this country. EDIT: If you had gold during the Great Depression, and people still did, you still had wealth. Yeah, but get caught with it meant hard prison time. You were deemed an enemy of the state. My grandparents lived through the depression and raised a very large family. I can assure you, most people didn't give two shits about the laws when they were doing everything they could to survive and keep their family alive. My grandfather would go scour the railroad tracks for any coal that might have spilled out of the coal cars. He had a coal bucket and little coal shovel. He then used that coal to heat the house and keep my mom, aunts, uncles warm back then. My mom still has that coal bucket and shovel. Was this in Chicago? My grandma told the same story of her doing it. |
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Posted: 2/9/2016 8:44:01 PM EDT
[#33]
Prolly Happened everywhere it gets cold. My grands had a small coal seam on their farm in S WV so there was that.
Posted Via AR15.Com Mobile |
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Posted: 2/9/2016 8:53:41 PM EDT
[#34]
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The problem with any commodity is that they are zero sum games, i.e. in order to make money someone else has to lose money. So you are basically going up against professional investors such as Warren Buffet, who at one point bought up a huge chunk of the world's silver supply. IIRC he made money, most likely at the expense of average schlubs like us. Stocks, by contrast, can increase in value because the company increases in value, meaning everyone can win. This is why non-professionals tend to prefer them over the cutthroat world of commodities. And Gold and Silver are commodities like any other. Quote HistoryQuoted:
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I understand PM's are risky however they will be easier to move than having your money stored in a bank involving 1's and 0's. The problem with any commodity is that they are zero sum games, i.e. in order to make money someone else has to lose money. So you are basically going up against professional investors such as Warren Buffet, who at one point bought up a huge chunk of the world's silver supply. IIRC he made money, most likely at the expense of average schlubs like us. Stocks, by contrast, can increase in value because the company increases in value, meaning everyone can win. This is why non-professionals tend to prefer them over the cutthroat world of commodities. And Gold and Silver are commodities like any other. However...unlike stocks, the value of PM's never go to zero. |
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Posted: 2/9/2016 9:11:45 PM EDT
[#35]
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I understand PM's are risky however they will be easier to move than having your money stored in a bank involving 1's and 0's. Quote HistoryQuoted:
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I assume if this goes through then the answer is to take everything out of cash/deposits and purchase stocks Silver? Fify. I'm assuming that there will be fee's for withdrawing money in addition to limits on cash you can withdraw. I understand PM's are risky however they will be easier to move than having your money stored in a bank involving 1's and 0's. So, what are PMs ? |
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Posted: 2/9/2016 9:13:16 PM EDT
[#36]
Quote HistoryQuoted: So, what are PMs ? Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: I assume if this goes through then the answer is to take everything out of cash/deposits and purchase stocks Silver? Fify. I'm assuming that there will be fee's for withdrawing money in addition to limits on cash you can withdraw. I understand PM's are risky however they will be easier to move than having your money stored in a bank involving 1's and 0's. So, what are PMs ? |
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Posted: 2/9/2016 9:13:27 PM EDT
[#37]
I'm getting my paperwork and application together to get one of the negative interest rate loans when available. Nothing like paying me to get a loan. :)
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Posted: 2/9/2016 9:17:37 PM EDT
[#38]
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So in other words, you are saying that institutional money has more knowledge and is able to manipulate the commodities market, but the equity markets are off limits and are a safe haven to retail traders? Check please! Quote HistoryQuoted:
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I understand PM's are risky however they will be easier to move than having your money stored in a bank involving 1's and 0's. The problem with any commodity is that they are zero sum games, i.e. in order to make money someone else has to lose money. So you are basically going up against professional investors such as Warren Buffet, who at one point bought up a huge chunk of the world's silver supply. IIRC he made money, most likely at the expense of average schlubs like us. Stocks, by contrast, can increase in value because the company increases in value, meaning everyone can win. This is why non-professionals tend to prefer them over the cutthroat world of commodities. And Gold and Silver are commodities like any other. So in other words, you are saying that institutional money has more knowledge and is able to manipulate the commodities market, but the equity markets are off limits and are a safe haven to retail traders? Check please! Ah, I see people have been reading Lester Thurow's books! I've met the man in San Francisco on a MIT recruiting meeting hosted by J. Paul Getty Jr. Let me tell you the man is just as quacked as Bernie. You want nothing to do with him or his economic proposals. |
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Posted: 2/9/2016 9:19:28 PM EDT
[#39]
Quote HistoryQuoted: I think that it is very likely we will see the abolition of paper currency in the next 5 years. Look what German and Sweden have both done to control the currency supply restrictions on cash withdrawals and making it illegal to use any meaningful amount of paper currency for transactions . Paper is a promise. Paper is the ghost of money. Paper is poverty. |
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Posted: 2/9/2016 9:21:33 PM EDT
[#40]
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Paper is not money. Paper is a promise. Paper is the ghost of money. Paper is poverty. Quote HistoryQuoted:
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I think that it is very likely we will see the abolition of paper currency in the next 5 years. Look what German and Sweden have both done to control the currency supply restrictions on cash withdrawals and making it illegal to use any meaningful amount of paper currency for transactions . Paper is a promise. Paper is the ghost of money. Paper is poverty. I agree but like it or not FIAT is our currency for NOW |
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Posted: 2/9/2016 9:27:54 PM EDT
[#41]
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Buy ammo and toilet paper. Actually, not a bad idea. Also booze. |
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Posted: 2/9/2016 9:29:09 PM EDT
[#42]
I didn't see it mentioned in that article but it referred to one scenario in the banks stress tests, which include tons of scenarios.
Scenarios are grouped in the probability The event will occur. Sever yet plausible- probability of 99.5% won't occur Adverse scenario - 99.75% chance will not occur Severely adverse scenario (negative rates) - 99.9xxx% (?) will not occur. |
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Posted: 2/9/2016 9:32:29 PM EDT
[#43]
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we are in the middle of a 15 year war and hasn't really helped. Quote HistoryQuoted:
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The last desperate and useless measure of failed economic policies. Fiscal policy hardly helped. The Social Security payroll tax debuted in 1937, on top of the tax increase mandated by the Revenue Act of 1935. The changes in the net effect of government spending have been heavily emphasized as a cause of both the recession and the revival of 1937?38. For example, in 1939, Marriner Eccles asserted that the “too rapid withdrawal of the government’s stimulus…accompanied by other important factors…[led to the] rapid deflation in the fall of 1937, which continued until the present spending program of the government was begun last summer” (Federal Reserve Bank of St. Louis 1939). The acceptance of this viewpoint among high-ranking officials gives added significance to an investigation of government fiscal policy.
The recession ended after the Fed rolled back reserve requirements, the Treasury stopped sterilizing gold inflows and desterilized all remaining gold that had been sterilized since December 1936, and the Roosevelt administration began pursuing expansionary fiscal policies. The recovery from 1938 to 1942 was spectacular: Output grew by 49 percent, fueled by gold inflows from Europe and a major defense buildup. Concerning the recovery from the recent financial crisis, the 1937 episode provides a “cautionary tale,” wrote economist Christina Romer, against withdrawing economic support too early: A return to economic decline, or even panic, could follow. Chicago Fed President Charles Evans expressed a similar view in 2012: “There is a natural tendency for policymakers to pull back on accommodation too early before the real rate of interest has fallen to low enough levels. Such errors happened in 1937 when the Fed prematurely withdrew accommodation.” In short, the 1937 recession warns us to proceed with caution. Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! we are in the middle of a 15 year war and hasn't really helped. Well the real money makers are cold wars. Russia needs it so they've started playing their role. We will join the production soon enough. Once we get some small, controllable proxy conflicts going then the bucks start flowing. Posted Via AR15.Com Mobile |
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Posted: 2/9/2016 9:38:59 PM EDT
[#44]
Quote HistoryQuoted: We simply haven't found a worthy opponent of our industrial capacity to carpet-bomb their land into Swiss cheese. These little goat-raping savages are scattered around in tiny pockets that don't warrant the sustained combat power of this fully operational battle station. If only we could find some organized military with lots of planes, tanks, and cities that will take time to blast with continual sorties, then we've hit long-term employment opportunities and a new industrial era shot to the arm. Only problem is that out predecessors have equipped us with such efficient tools of destruction, that none of the other nations on earth want to go toe-to-toe with us because they saw what happened to Saddam's army in a matter of days in Desert Storm. It sent shock waves through the Soviets/Russians and their customers, as all their tanks were turned into cloud-spewing trash cans with human remains melting on the wreckages, with US airpower rolling through their skies with immediate dominance and a continual conveyor belt of munitions that bombed their European-built infrastructure into the past. If we could establish some type of nuclear inspection agreement with Iran, maybe it would be a nice pretext to stomping them a new excrement nozzle at a societal level? Quote HistoryQuoted: Quoted: Quoted: Quoted: The last desperate and useless measure of failed economic policies. Fiscal policy hardly helped. The Social Security payroll tax debuted in 1937, on top of the tax increase mandated by the Revenue Act of 1935. The changes in the net effect of government spending have been heavily emphasized as a cause of both the recession and the revival of 1937?38. For example, in 1939, Marriner Eccles asserted that the "too rapid withdrawal of the government’s stimulus…accompanied by other important factors…[led to the] rapid deflation in the fall of 1937, which continued until the present spending program of the government was begun last summer” (Federal Reserve Bank of St. Louis 1939). The acceptance of this viewpoint among high-ranking officials gives added significance to an investigation of government fiscal policy. The recession ended after the Fed rolled back reserve requirements, the Treasury stopped sterilizing gold inflows and desterilized all remaining gold that had been sterilized since December 1936, and the Roosevelt administration began pursuing expansionary fiscal policies. The recovery from 1938 to 1942 was spectacular: Output grew by 49 percent, fueled by gold inflows from Europe and a major defense buildup. Concerning the recovery from the recent financial crisis, the 1937 episode provides a "cautionary tale,” wrote economist Christina Romer, against withdrawing economic support too early: A return to economic decline, or even panic, could follow. Chicago Fed President Charles Evans expressed a similar view in 2012: "There is a natural tendency for policymakers to pull back on accommodation too early before the real rate of interest has fallen to low enough levels. Such errors happened in 1937 when the Fed prematurely withdrew accommodation.” In short, the 1937 recession warns us to proceed with caution. Recession of 1937-1938 Don't worry. Our leaders always have one fail-safe policy they can simply fall back on that is sure to jump-start our economy's economic engine and get millions of Americans back to work.... This simple step can get your economy up and running in no time flat! we are in the middle of a 15 year war and hasn't really helped. We simply haven't found a worthy opponent of our industrial capacity to carpet-bomb their land into Swiss cheese. These little goat-raping savages are scattered around in tiny pockets that don't warrant the sustained combat power of this fully operational battle station. If only we could find some organized military with lots of planes, tanks, and cities that will take time to blast with continual sorties, then we've hit long-term employment opportunities and a new industrial era shot to the arm. Only problem is that out predecessors have equipped us with such efficient tools of destruction, that none of the other nations on earth want to go toe-to-toe with us because they saw what happened to Saddam's army in a matter of days in Desert Storm. It sent shock waves through the Soviets/Russians and their customers, as all their tanks were turned into cloud-spewing trash cans with human remains melting on the wreckages, with US airpower rolling through their skies with immediate dominance and a continual conveyor belt of munitions that bombed their European-built infrastructure into the past. If we could establish some type of nuclear inspection agreement with Iran, maybe it would be a nice pretext to stomping them a new excrement nozzle at a societal level? |
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Posted: 2/9/2016 9:44:47 PM EDT
[#45]
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What do you think the odds are that the banks won't lend more, but will increase fees and their rates to cover the negative interest? Versus, some breakneck lending to try and push things? Likely. Lending didn't rise after the stimulus as it was supposed to. I don't see banks becoming anxious to lend facing stagnant growth in the economy. Cheers! -JC |
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Posted: 2/9/2016 10:39:52 PM EDT
[#46]
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Paper is not money. Paper is a promise. Paper is the ghost of money. Paper is poverty. Quote HistoryQuoted:
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I think that it is very likely we will see the abolition of paper currency in the next 5 years. Look what German and Sweden have both done to control the currency supply restrictions on cash withdrawals and making it illegal to use any meaningful amount of paper currency for transactions . Paper is a promise. Paper is the ghost of money. Paper is poverty. ETFs are even worse as are sub prime loans and non productive loans used as collateral to secure more loans... |
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Posted: 2/9/2016 11:21:49 PM EDT
[#47]
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Actually, not a bad idea. Also booze. Quote HistoryQuoted:
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Buy ammo and toilet paper. Actually, not a bad idea. Also booze. And coffee. And cigarettes for that matter. Bartering is useful... |
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Posted: 2/10/2016 1:04:38 AM EDT
[#48]
What are the chances that after they neg. interest rates fail they'll try the bail in approach.
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Posted: 2/10/2016 8:05:12 AM EDT
[#49]
BTT for more comments.
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Posted: 2/10/2016 8:23:51 AM EDT
[#50]
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Likely. Lending didn't rise after the stimulus as it was supposed to. I don't see banks becoming anxious to lend facing stagnant growth in the economy. Cheers! -JC Quote HistoryQuoted:
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What do you think the odds are that the banks won't lend more, but will increase fees and their rates to cover the negative interest? Versus, some breakneck lending to try and push things? Likely. Lending didn't rise after the stimulus as it was supposed to. I don't see banks becoming anxious to lend facing stagnant growth in the economy. Cheers! -JC yep. what scares me is that all of these policy makers seem to want to force the issue rather than alleviate the underlying reason why these things aren't happening. there is a reason lending isn't occurring. fix that and banks will be naturally incentivised to lend again. but trying to force the matter will likely end up with banks doing something that won't be what was intended, and could overall...be worse. |
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