US - Elizabeth Warren Speech (37)
felixis99: here's a web site for you galrads (thought you might like)
SpendingRevolt.com
it says the federal government spent 200.000 dollars in the time you took to read this
SpendingRevolt.com
it says the federal government spent 200.000 dollars in the time you took to read this
Good web site!
I'd like to know more about economics and why our federal government (us) is not fiscally responsible. We have an 18 trillion (U.S.) dollar debt (mostly to ourselves) and we aren't seeing inflation or the value of precious metals increasing. 
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galrads: Good web site! I'd like to know more about economics and why our federal government (us) is not fiscally responsible. We have an 18 trillion (U.S.) dollar debt (mostly to ourselves) and we aren't seeing inflation or the value of precious metals increasing.
course not, used to get daily updates from harvey organ site, google
took it down cause he was spilling the beans, he was the most accurate out there, he could figure to a half ounce what the bullion
banks were holding and it was not much, also he showed charts where the would short the paper 6:00 am every day, and he would show where all the banks would get together and they would all short the paper at the same time, if you and I were to do this we would be under the jail.
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crayons: course not, used to get daily updates from harvey organ site, google
took it down cause he was spilling the beans, he was the most accurate out there, he could figure to a half ounce what the bullion
banks were holding and it was not much, also he showed charts where the would short the paper 6:00 am every day, and he would show where all the banks would get together and they would all short the paper at the same time, if you and I were to do this we would be under the jail.
took it down cause he was spilling the beans, he was the most accurate out there, he could figure to a half ounce what the bullion
banks were holding and it was not much, also he showed charts where the would short the paper 6:00 am every day, and he would show where all the banks would get together and they would all short the paper at the same time, if you and I were to do this we would be under the jail.
I'm not familiar with this term.... Short term liabilities? The concept of paper money having no backing by a gold or silver standard escapes me. It means the paper money is only as good as the government issuing it can pay its bills. and we have 18 trillion U.S. Dollars in bills/debt.
With so much debt, precious metals should be worth more of this phony paper money?
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galrads: Good web site! I'd like to know more about economics and why our federal government (us) is not fiscally responsible. We have an 18 trillion (U.S.) dollar debt (mostly to ourselves) and we aren't seeing inflation or the value of precious metals increasing.
IDK galrads, not an economist, but maybe the feds are keeping interest rates low to feed the economy with consumer spending. As long as people are spending, shouldn't that keep inflation away?
As far as commodity prices, IDK, that's pretty much a supply/demand market, but we've been off the gold standard for quite awhile. I have to even wonder how much paper money we really need anymore as everything is an electronic promisory these days ... lol
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galrads: I'm not familiar with this term.... Short term liabilities? The concept of paper money having no backing by a gold or silver standard escapes me.
It means the paper money is only as good as the government issuing it can pay its bills. and we have 18 trillion U.S. Dollars in bills/debt.
With so much debt, precious metals should be worth more of this phony paper money?
It means the paper money is only as good as the government issuing it can pay its bills. and we have 18 trillion U.S. Dollars in bills/debt.
With so much debt, precious metals should be worth more of this phony paper money?
shorting the paper means shorting gold or silver futures paper,
gold and silver/metals are traded in paper not in the physical, cant even find percentage of traded paper to physical holdings anymore, not to mention silver more rare than gold. my guess only a guess 10,000 paper OZ to one real? harvey used to do it...maybe some one out there can enlighten us, I hold physical only
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felixis99: IDK galrads, not an economist, but maybe the feds are keeping interest rates low to feed the economy with consumer spending. As long as people are spending, shouldn't that keep inflation away?
As far as commodity prices, IDK, that's pretty much a supply/demand market, but we've been off the gold standard for quite awhile. I have to even wonder how much paper money we really need anymore as everything is an electronic promisory these days ... lol
As far as commodity prices, IDK, that's pretty much a supply/demand market, but we've been off the gold standard for quite awhile. I have to even wonder how much paper money we really need anymore as everything is an electronic promisory these days ... lol
Oh, yes, digital money just about completely distorts my perception of how the economy works, or should work.... I can deposit a paper check into certain bank accounts simply by scanning it using my smart phone
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crayons: shorting the paper means shorting gold or silver futures paper,
gold and silver/metals are traded in paper not in the physical, cant even find percentage of traded paper to physical holdings anymore, not to mention silver more rare than gold. my guess only a guess 10,000 paper OZ to one real? harvey used to do it...maybe some one out there can enlighten us, I hold physical only
gold and silver/metals are traded in paper not in the physical, cant even find percentage of traded paper to physical holdings anymore, not to mention silver more rare than gold. my guess only a guess 10,000 paper OZ to one real? harvey used to do it...maybe some one out there can enlighten us, I hold physical only
I also hold only physical. Economics seemed simple and clean before Nixon. Until he took us off the gold standard, 1 U.S. dollars would get you 1/35th ounce of gold for the longest time since WWII.
We'd still be on the gold std had the Europeans not tried to devalue the U.S. dollar as the strong currency in the world. France's President Degaulle was widely advertising that Europeans should bring him their U.S. dollars so he could exchange it for gold from the U.S. Then, enter the Euro.
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galrads: Oh, yes, digital money just about completely distorts my perception of how the economy works, or should work.... I can deposit a paper check into certain bank accounts simply by scanning it using my smart phone
guy at work started doing the same thing,
told him to save his checks cause that info can be hacked, they did
not hack in to that yet but they hacked his credit cards several times, banks reimbursed him , but still scary, dont't think I would want to participate in phone checking, though I can see the upside convenience... downside, well they will probably want fingerprints, retina scan, and more eventually
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galrads: Good web site! I'd like to know more about economics and why our federal government (us) is not fiscally responsible. We have an 18 trillion (U.S.) dollar debt (mostly to ourselves) and we aren't seeing inflation or the value of precious metals increasing.
I thought we knew the answer from Warren's speech is that it is Citigroups fault.
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JeanKimberley: I thought we knew the answer from Warren's speech is that it is Citigroups fault.
Maybe I missed a few things, but I thought Warren attacked the provision creating public backed (taxpayer expense) insurance to cover (Bail out) banking risk (including Citicorp).
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citygroup is a big problem, chase is a big problem both back in 29 and today, know you've heard me say chase holds 3trillion in assets 66 trillion in derivative gambling debt, thats why dimon was calling the rino's to pass crappybus bill, meanin to me, crappy business, and get the taxpayer on the hook for a quadrillion, in insurance to cover gambling debts and junk bonds
both banks played a big roll in stock market crash, 1929 and since glass steagle was rolled back in 99 they are free to run roughshod
over entire economy, lets throw chicago merc into the mix too...
used to self regulate mfglobal, you know corzine the guy who stole those folks retirement funds then gave the money to dimon???
they gamble on the weather, real estate derivatives, WTI, commodities on and on If any one wants to know how they gamble on the weather, Have a pretty good Idea,
both banks played a big roll in stock market crash, 1929 and since glass steagle was rolled back in 99 they are free to run roughshod
over entire economy, lets throw chicago merc into the mix too...
used to self regulate mfglobal, you know corzine the guy who stole those folks retirement funds then gave the money to dimon???
they gamble on the weather, real estate derivatives, WTI, commodities on and on If any one wants to know how they gamble on the weather, Have a pretty good Idea,
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crayons: citygroup is a big problem, chase is a big problem both back in 29 and today, know you've heard me say chase holds 3trillion in assets 66 trillion in derivative gambling debt, thats why dimon was calling the rino's to pass crappybus bill, meanin to me, crappy business, and get the taxpayer on the hook for a quadrillion, in insurance to cover gambling debts and junk bonds
both banks played a big roll in stock market crash, 1929 and since glass steagle was rolled back in 99 they are free to run roughshod
over entire economy, lets throw chicago merc into the mix too...
used to self regulate mfglobal, you know corzine the guy who stole those folks retirement funds then gave the money to dimon???
they gamble on the weather, real estate derivatives, WTI, commodities on and on If any one wants to know how they gamble on the weather, Have a pretty good Idea,
both banks played a big roll in stock market crash, 1929 and since glass steagle was rolled back in 99 they are free to run roughshod
over entire economy, lets throw chicago merc into the mix too...
used to self regulate mfglobal, you know corzine the guy who stole those folks retirement funds then gave the money to dimon???
they gamble on the weather, real estate derivatives, WTI, commodities on and on If any one wants to know how they gamble on the weather, Have a pretty good Idea,
I wonder if president Obama' 2014 Hawaii Christmas Vacation is in the new budget?
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galrads: I wonder if president Obama' 2014 Hawaii Christmas Vacation is in the new budget?
I wonder if that's anything like National Lampoon's Chrsitmas Vacay? Do you think Obama has a Cousin Eddie?
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crayons: citygroup is a big problem, chase is a big problem both back in 29 and today, know you've heard me say chase holds 3trillion in assets 66 trillion in derivative gambling debt, thats why dimon was calling the rino's to pass crappybus bill, meanin to me, crappy business, and get the taxpayer on the hook for a quadrillion, in insurance to cover gambling debts and junk bonds
both banks played a big roll in stock market crash, 1929 and since glass steagle was rolled back in 99 they are free to run roughshod
over entire economy, lets throw chicago merc into the mix too...
used to self regulate mfglobal, you know corzine the guy who stole those folks retirement funds then gave the money to dimon???
they gamble on the weather, real estate derivatives, WTI, commodities on and on If any one wants to know how they gamble on the weather, Have a pretty good Idea,
both banks played a big roll in stock market crash, 1929 and since glass steagle was rolled back in 99 they are free to run roughshod
over entire economy, lets throw chicago merc into the mix too...
used to self regulate mfglobal, you know corzine the guy who stole those folks retirement funds then gave the money to dimon???
they gamble on the weather, real estate derivatives, WTI, commodities on and on If any one wants to know how they gamble on the weather, Have a pretty good Idea,
they read the weather channel?
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felixis99: I wonder if that's anything like National Lampoon's Chrsitmas Vacay? Do you think Obama has a Cousin Eddie?
Has to be vp Joe Biden!
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galrads: Oh, yes, digital money just about completely distorts my perception of how the economy works, or should work.... I can deposit a paper check into certain bank accounts simply by scanning it using my smart phone
yup....and you can deposit it to several places at once and move part of the deposit before it bounces and just keep that moving moving...I think that's how our national debt works
*disclaimer: Please do NOT try this at home
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IDK, good question as I have not seen any follow up yet, but I probably won;t get much chance to read the news today