Hi Chris,
On Tue, Jul 23, 2013 at 3:57 AM, chris peck chris_peck...@hotmail.com wrote:
Thanks Telmo
That sheds a little more light on where you're coming from. I watched those
videos with interest and found the Austrian school fascinating. Apologies in
advance for the length of this post
Thanks Telmo
That sheds a little more light on where
you're coming from. I watched those videos with interest and found
the Austrian school fascinating. Apologies in advance for the length
of this post and for the howling errors in reasoning it undoubtedly
contains. I’m just a beginner!
So
On Thu, Jul 18, 2013 at 7:15 PM, meekerdb meeke...@verizon.net wrote:
On 7/18/2013 2:27 AM, Telmo Menezes wrote:
Also, it's a funny moment in History to pretend that giving this much
power to governments does not have consequences. What if the economy
is saved but we end up living under a
On Fri, Jul 19, 2013 at 5:34 AM, chris peck chris_peck...@hotmail.com wrote:
@ Telmo
Hi Telmo
The key word here is leveraged. Ultimately, this level of leveraging
is only possible because the Fed can create money out of thin air.
You'll have to elaborate on that. As far as I am aware the
On 19 Jul 2013, at 08:49, Telmo Menezes wrote:
On Thu, Jul 18, 2013 at 7:15 PM, meekerdb meeke...@verizon.net
wrote:
On 7/18/2013 2:27 AM, Telmo Menezes wrote:
Also, it's a funny moment in History to pretend that giving this much
power to governments does not have consequences. What if the
These derivatives had not been sold if not for the euphoria generated
by cheap credits deliberately promoted by the central Banks and the
craziness of credit for everyone even if no assets, no income, no job, by
Clinton´s Freeddy Fanny and the pressure of ACORN over the banks. So the
ball goes
Nobody raised the point that we are living in the aura of some obsolete
dream about a world that is long gone and 'apply' the same words to
regulate our lives in an advanced (completely changed) world (system) 2-300
years later. The world changed.
We are obsolete.
Nobody 'owns' NATURE, the
On Thu, Jul 18, 2013 at 1:45 AM, chris peck chris_peck...@hotmail.com wrote:
@ Telmo
Free markets assume rational agents performing symmetrical
transactions for their one self-interest. What we have in reality is a
centralised secret bureaucracy with unchecked economical and
regulatory
On 7/18/2013 2:27 AM, Telmo Menezes wrote:
Also, it's a funny moment in History to pretend that giving this much
power to governments does not have consequences. What if the economy
is saved but we end up living under a modern global Stasi? This
sounded like conspiracy theory stuff a few weeks
@ Telmo
Hi Telmo
The key word here is leveraged. Ultimately, this level of leveraging
is only possible because the Fed can create money out of thin air.
You'll have to elaborate on that. As far as I am aware the banks were leveraged
by money currently in circulation. Loans made by insurance
@ Telmo
Free markets assume rational agents performing symmetrical
transactions for their one self-interest. What we have in reality is a
centralised secret bureaucracy with unchecked economical and
regulatory powers.
The 70s through to the 00s was typified by the dismantling of
On Tue, Jul 16, 2013 at 2:09 AM, chris peck chris_peck...@hotmail.com wrote:
Hi Roger
hmmm. sort of. Lowering interest rates, creating cheap money, in part
encouraged banks to lend to people they ordinarily would not have. This put
more buyers on the market and that increase in demand led to
On 16 Jul 2013, at 16:08, Telmo Menezes wrote:
On Tue, Jul 16, 2013 at 2:09 AM, chris peck
chris_peck...@hotmail.com wrote:
Hi Roger
hmmm. sort of. Lowering interest rates, creating cheap money, in part
encouraged banks to lend to people they ordinarily would not have.
This put
more
Hi Roger
hmmm. sort of. Lowering interest rates, creating cheap money, in part
encouraged banks to lend to people they ordinarily would not have. This put
more buyers on the market and that increase in demand led to a rise in house
prices. Of course, when the interest rates went up, those
Capitalism : the way of creating wealth OUT OF THIN AIR
There are two ways of cheapening money: mechanically, by printing it,
and emoltionally, by making it more easily available
(less desirable) by lowering the interest rates.
There is also a way of enriching money, and that is by NOT doing
How can an otherwise well educated and smart person write such stupidity?
Capitalism creates wealth out of the sweat of the expolited and enslaved
workforce they (the capitalists) keep on an economical/political leash.
MONEY does not grow on trees.
Doctor, you should know better!
Dr. phil - D.Sc.
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