Political Ramblings

[hemet dennis]

Quote:
The Hunt's had a vary large portion of the silver market but still lost even though they had over 6 million pounds of silver. Now if any country had that much of our debt then we could be in trouble. And China has less then 8% of our debt now.

 

[kstaven]

In the end that figure is correct. The manipulations with much smaller amounts to get there is the object lesson here. Dumping smaller amounts that caused market fluctuations and then picking up devalued stock allowed them to build. Their actions on silver alone, which is a miniscule reflection of the bigger market created huge shock waves across the entire market. Comparatively that 8% is a much larger amount than anything the hunts ever started to work with.

 

[kstaven]

Even when they lost. What was the overall impact? These are lessons we all too soon forget.

 

[hemet dennis]

The Congress established three key objectives for monetary policy—maximum employment, stable prices, and moderate long-term interest rates—in the Federal Reserve Act.

This is the major job of the FED. Sometimes these conflict with each other, but they try to balance all of these for the good of the country.

No one has answered, what would replace the FED if we ended it ?

 

[hemet dennis]

In the end that figure is correct. The manipulations with much smaller amounts to get there is the object lesson here. Dumping smaller amounts that caused market fluctuations and then picking up devalued stock allowed them to build. Their actions on silver alone, which is a miniscule reflection of the bigger market created huge shock waves across the entire market. Comparatively that 8% is a much larger amount than anything the hunts ever started to work with.

So would you agree with the people that say we should go back to the gold standard ?

 

[kstaven]

At no time did I sat end it. What I did say is that we have been living under a system based on perpetual unending growth in a finite world. An interest based system can only survive under continual growth and we have reached a saturation point where the system is cracking. In this world the tangible resources are finite and interest assumes they are ever expanding. So when interest and debt servicing surpasses the actual tangible assets available we started to layer the debt structure much like the investment banks did. Yes it causes an economic upturn and serves to stabilize for a while. But it is artificial and sooner or later the system will try to self correct through inflation, recession etc.. This is a cycle we are currently applying bandaids to and deepening the impact when it all finally snaps.

 

[kstaven]

So would you agree with the people that say we should go back to the gold standard ?

Even the gold standard is no guarantee when it is subject to the manipulations of the markets as a whole.

 

[hemet dennis]

At no time did I sat end it. What I did say is that we have been living under a system based on perpetual unending growth in a finite world. An interest based system can only survive under continual growth and we have reached a saturation point where the system is cracking. In this world the tangible resources are finite and interest assumes they are ever expanding. So when interest and debt servicing surpasses the actual tangible assets available we started to layer the debt structure much like the investment banks did. Yes it causes an economic upturn and serves to stabilize for a while. But it is artificial and sooner or later the system will try to self correct through inflation, recession etc.. This is a cycle we are currently applying bandaids to and deepening the impact when it all finally snaps.

Didn't mean to say you said to end it. Someone earlier said we should end it and use our own money and when I asked them what they meant I got no answer. And that's the usual response.

So how do we better the system ? Don't we have continual growth ? There's more consumers in the world everyday.

 

[kstaven]

The end effect of the perpetual quest for profit and coupled interest eventually turns money into an item that has no value. Simple math tracing a dollar from the time it is created and tracking it through the system shows us that.

 

[hemet dennis]

Quote:
Going back to the gold system is about the worst thing we could do.