And I heard- but cannot personally verify- that the Obama health care law gives permission to access and use the financial holdings of all participants. I think it's in the first hundred of the 2000 page bill so that is another reason banking will not fail.
On Aug 22, 2:29 am, Allan H <[email protected]> wrote: > Sorry rigsyy cash can be tracked,, and it is illegal to transport > large quantities.. and take it as drug profit.. can you prove differently,, > if you can not it is theirs. It is far easier to transfer goods including > internationally,, it is simple as long as you do not violate the laws. > > non banking honor debt will become a starting point.. > or so I think > Allan > > > > > > On Mon, Aug 22, 2011 at 12:13 AM, rigsy03 <[email protected]> wrote: > > If a bank customer writes checks for cash, how can the cash be > > tracked? > > > On Aug 20, 9:17 am, Allan H <[email protected]> wrote: > > > Strange I was reading what you wrote Paradox and the thought developed > > in > > > an economic subculture ,, were friends grooups of people would work for > > the > > > betterment of all a simple example might be if I could buy a product > > > cheaper and then send it to those that wanted the product... setting > > aside > > > the funds so when there was a product that some one else needed.. > > > > With todays computers it would not be difficult to see who held or owed > > what > > > debt. > > > > this not thought out just an rough idea. > > > Allan > > > On Aug 20, 2011 12:27 PM, "paradox" <[email protected]> wrote: > > > > > I hear you Allan; but this particular current fibrillation is more > > > > systemic. The perceptual issues arise because we are applying steady- > > > > state macroeconomic frames to system-wide transition states, and the > > > > makets just dont get it. So, there's a communications issue right > > > > there. > > > > > The specific challenges for "developed" economies is growth and debt. > > > > The inverse pressure is particularly intense bcause of the size of > > > > third party debt obligations (hence the dysfunctional hyper- > > > > sensitivity to ratings outlooks); as with business cycles, one would > > > > normally assume greater debt to fund growth to pay down debt; in this > > > > particular environment, greater debt leads to debt quality uncertainty > > > > which drives up cost of borrowing, which constrains the growth you > > > > leveraged for in the first place. > > > > > The solution, to me, requires will, commitment, frame breaking, and a > > > > good deal of creative thinking. FIrst we need to suspend the inflation > > > > "rule" for a transition window. Then Central Banks need to hold more > > > > short term sovereign liabilities to provide "breathing space". Then > > > > Treasuries need to take a scalpel to taxes, particularly but not > > > > limited to transaction based taxes such as VAT, to spur economic > > > > activity aggressively. Then to create sovereign long term retail > > > > income bonds to fund fiscal shortfalls. > > > > > Just to be sure, we're here taking about the difference between growth > > > > rates of 1-2% (current) and 4-5% (target). We're not taking about an > > > > economic calamity, though you would not know it with the markets and > > > > media dancing to their own music. It's very useful to bear that in > > > > mind always. > > > > > On Aug 19, 3:31 pm, Allan H <[email protected]> wrote: > > > >> My guess is people let them.. they take the word of and ?authority? > > and > > > call > > > >> it good. there is no challangee to the those that are creating the > > > problem > > > >> in the first place.. aka bankers, stockmaarkets, corporations,, > > greedy > > > >> individuals > > > >> Allan > > > >> On Aug 19, 2011 1:12 PM, "paradox" <[email protected]> wrote: > > > > >> > Recently, i read of an "authority" on institutional debt proclaim > > that > > > >> > a global recession was now inevitable. My first thought was that > > this > > > >> > was something of a curious "God like" statement, which was actually > > > >> > plain and simply wrong. There is actually next to no risk of a > > global > > > >> > recession. > > > > >> > How do they get away with stuff like this, i wonder?- Hide quoted > > text > > > - > > > > >> - Show quoted text -- Hide quoted text - > > > > - Show quoted text - > > -- > ( > ) > |_D Allan- Hide quoted text - > > - Show quoted text -
