Thomas Jefferson and his thoughts on Money

[Burroughs]

Lend 10 for 11 when only 10 exist.

Exactly.

But I will amend slightly:

Lend 10 for 11 when NOTHING EXISTS save for the labor of the borrower!

Look at the charter of the Red Shield Bank, Bank of England in the 17th century..all had numerous private board members as well as a small (10%) stake by the government body... but only the government partner was obliged to DEPOSIT MONEY FIRST, the private investors deposited nothing...yet the banks still lent on a 40 to 1 basis on that government deposit....madness.

 

[Poonani Maker]

Poonani Maker...
if a student would get loan for IT, engineering degree, he would repay that in a few years.
You are right on gov regulating business too much but 'people' those people who will be always consumers, believe business is their enemy and they demand it's regulation.

I know a few "engineering" grads working at Target or in retail. Unemployment like this 90,000 jobs created last month (should have 200K to keep up) hasn't seen worse stats since the Great Depression (1930s). It's been a looong drawn-out loss of jobs/layoffs and lowering of wages yet doubling of profits since mid-1950s. There are quite a few cases in recent times of CEOs getting $100 mil parachutes after driving a company's stock price into the ground. See Eugene Isenberg http://www.huffingtonpost.com/2011/10/31/eugene-isenberg-of-nabors-industries_n_1068186.html

This news release came AFTER market close on a Friday (so that no one would notice as they'd be out eating with their families/on dates etc.).

Regarding regulation: if the roles were Switched whereas Big business (the "big boys") where strapped with nitpicking regulation and Startup/Small Biz were given tax breaks and other lenience that big business currently rakes in the dough with, Invention would be encouraged. Freedom would reign and prosperity and happiness would endure. As it is now in our current state though, we are more and more being grouped together like cattle for the slaughter to live for THEM, as serfs, serfdom, SERVitude. This country is going down because it is bassackwards. I'm loading up on Anti-market securities and other currencies for when the sh!t hits the fan, but the key is to be nimble and flexible up until that time to go full-on anti-market.

The charades, the fake news stories, the shell-game is almost up. Too many lard-as5 lazy fvcks runnin the show against us. The smallest of us must be the greatest, cause the greatest are all very small, though fat, pigs.

 

[Julius_Seizeher]

The defenders of sound money have been railroaded, sniped, smeared, and typecast as outlandish, backwards, unintelligent bumpkins. And it is no accident that the source of this smear attack has been liberal academia, the liberal media, and Keynesians at-large. Gold, the living symbol of real money, is the thing Keynesians had to destroy before they disconnected money from reality; under a gold system, without the ability to print money out of thin air, their social engineering protection rackets and socialist central planning schemes would be impossible.

So they smeared gold as a "silly rock" and sound money economics as "your crazy uncle out in the boonies".

The Founding Fathers' ideas about money are being reborn in the recent resurgence of Austrian Economics. Three years ago, nobody had ever heard of Austrian School; now, names like Hayek and von Mises are starting to trickle into the coffee shops. Keynesianism is in it's death throes, in both the EU and USA at the same time; it is crudely obvious. The European central bank has been making more noises about gold, and the gold movement is just getting started in this country.

We just need more people to "stand up" to the authoritarian concentration camp that the liberals have made of modern intellectualism. You dare not challenge deficit spending, you dare not challenge the welfare state, you dare not challenge fiat money--they think they have you in a guilt-trap at every corner. Turn this way, you're an idiot; turn that way, you're immoral. Do not let the liberals bully you; instead, do the heavy lifting and educate yourself so you can be the one to help them wipe the drool from their faces in debate.

 

[Burroughs]

I'm loading up on Anti-market securities and other currencies for when the sh!t hits the fan, but the key is to be nimble and flexible up until that time to go full-on anti-market.

What key indicators will you look for to know that the final crash is near at hand?

 

[Poonani Maker]

What key indicators will you look for to know that the final crash is near at hand?

Currently, I look for News stories just before opening bell (bc news is directing the herd's fears (or glee) more than fundamentals), but before the end of the year I'm going 80% against the market. 2012 will be bloody. If you think that it won't be quite that bad, then I'd stray not far away from energy. If Iran gets nukes, oil will double.

 

[Burroughs]

2012 will be bloody.

agreed.

Energy is the certainly the place to be

 

[DanelMadr]

Sound money and gold standard is reasonable, however it is not a silver bullet for it has problems of other kind. And the shock would draw a lot of blood.

Mainly it is not viable thanks to liberal politics seek for control of finances.

However all it gets in current system is to cut deficit and taxes like Ryan Paul presents Budget House Committee Does it not(?)

I'm not very rich and if I loose the $ I have it would hurt but whatever. But I can assure you, if the market goes down securities won't help. M16 will.

I strongly believe communists are still alive and doing whatever they can to torpedo the system and seize power. They control unions and frankly they posses the most fanatical masses.....look at youtube full of active communists. Their voice is so strong even Kerry got taken away....his rhetoric being very left in hope the voices are many.

Like my great grandfather told...'Remember, communism is not politics, it is conspiracy.'
They want capitalist's blood. And they'll do whatever it takes. They infiltrate media etc. Reagan's purge of communists out of Hollywood was a smart move. Even the 'witch hunt' was a smart move. They are really that bad, I know.