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Author: anonanon Date: Mar 29, 2008 14:01
"Canuck57" unixhome.net> wrote in message
news:biwHj.133945$pM4.79766@pd7urf1no...>
> "anon" privacy.net> wrote in message
> news:VmvHj.8178$oE1.7951@trndny09...>>
>> "Canuck57" unixhome.net> wrote in message
>> news:m3uHj.4522$rd2.242@pd7urf3no...>>>
>>> "anon" privacy.net> wrote in message
>>> news:1PsHj.2069$yd2.532@trndny04...>>>>
>>>> "Econotron" hotmail.com> wrote in message
>>>> news:1OrHj.120$gS1.112@trndny07...>>>>> I may offer an alternative here.
>>>>> 1. The market sets interest rate.
>>>>> 2. No reserve requirements. Deposit insurance is voluntary.
>>>>> 3. No oversight (well, may be very limited).
>>>>> 4. No lender of last resort (bankruptcy, as Andy pointed out).
>>>>> 5. Fed chairman can lecture, but should be required to wear an orange ...
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Author: John GaltJohn Galt Date: Mar 29, 2008 14:06
John Galt:
"Jerry Kraus" yahoo.com> wrote in message
news:ed00c226-bfa0-4984-9bc1-d35dc3b9a863@m71g2000hse.googlegroups.com...
On Mar 29, 3:21 pm, "John Galt" bluebottle.com> wrote:> John Galt:"Jerry Kraus" yahoo.com> wrote in message> By that definition, neither Gates or Buffet qualify. They are on target to
> be the biggest philanthropists that ever have lived.
Obviously, neither Gates nor Buffet have any particular interest in
money. Yes, I agree.
You are a sophist, my friend.
****
And you're just a bald-faced dishonest debater. Your assertation (now
conviently clipped out) was as follows:
"Capitalism is a desire to accumulate Capital. Where do you think the
word comes from? That is the same as Greed. A Capitalist is Greed-
driven, insofar as he/she is a Capitalist. It's really not very
complex. Bill Gates is a Capitalist. Warren Buffet is a Capitalist.
Richard Cheney is a Capitalist.
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 14:20
Les Cargill cfl.rr.com> wrote: >
> Because of having my observations biased ( by working for three European
> companies and then a Canadian firm ), I suspect there's simply a delay.
>
> It would be nice if I were wrong. I fear the Euro is as much a fashion
> statement as anything else. If the Europeans can jigger ... *gulp*
> infusions of cash to manage unfunded mandates, then we'll all get to see
> how that works, including the Chinese and Americans.
>
> We'll see. The European tactics look very good right now.
>
Canada's situation is far better than it was in 1982 or 1991 when those US
recessions dragged us in. We avoided the 2001 US recession totally.
The petro-loonie and the Pacific rim have helped, but what we really need to
do is diversify more than now. Our connections with the USA represent too
much of their authority. We need to trade more with China, India, Russia and
the EU and less with the USA.
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Author: Les CargillLes Cargill Date: Mar 29, 2008 15:51
> On Mar 29, 12:49 pm, Les Cargill cfl.rr.com> wrote:>> Canuck57 wrote:
>>> "anon" privacy.net> wrote in messagenews:1PsHj.2069$yd2.532@trndny04...>>
>>
>>> If the market is right, and most often is, gold going from $330 an ounce to
>>> $1000 means $1 last year will have 33 cents purchasing power not too far
>>> into the future.
>>> Look at it as the cost of gold and oil is constant, and it is the currency
>>> that is fluxuating in depreciation due to dilution. Add that this causes a
>>> rift in the economy, people lose homes and jobs until it is fixed. It is
>>> the little people who get screwed the most.
>> Oil and gold are in bubbles. Nothing's fundamentally changed since about
>> 1998 - we have too much cash chasing too little stuff - at least
>> from the point of view of the marketplace.
>>
>> --
>> Les Cargill
> ...
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Author: Les CargillLes Cargill Date: Mar 29, 2008 15:58
Roy Batty wrote:
> Les Cargill cfl.rr.com> wrote: >> Because of having my observations biased ( by working for three European
>> companies and then a Canadian firm ), I suspect there's simply a delay.
>>
>> It would be nice if I were wrong. I fear the Euro is as much a fashion
>> statement as anything else. If the Europeans can jigger ... *gulp*
>> infusions of cash to manage unfunded mandates, then we'll all get to see
>> how that works, including the Chinese and Americans.
>>
>> We'll see. The European tactics look very good right now.
>>
> Canada's situation is far better than it was in 1982 or 1991 when those US
> recessions dragged us in.
Very much so.
> We avoided the 2001 US recession totally.
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Author: Les CargillLes Cargill Date: Mar 29, 2008 16:09
Roy Batty wrote:
> Les Cargill cfl.rr.com> wrote: >> Jerry Kraus wrote:
>>> On Mar 29, 10:04 am, "John Galt" bluebottle.com> wrote:>>>> "ajames54" hotmail.com> wrote in message
>>>>
>>>> news:d4f60149-e4a2-4e78-877b-09aab679ebbe@n58g2000hsf.googlegroups.com...
>>>>
>>>>
>>>>
>>>>
>>>>>>>>> On Mar 28, 3:34 pm, Vide...@ tcq.net wrote: >>>>>> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
>>>>>> what i find hilarious, outside of a couple of complete libertarian
>>>>>> cranks, where have all of the defenders of laissez-faire gone?
>>>>>> where is their outrage, why are they not publicly, and proudly
>>>>>> announcing their adherence to libertarian dogma, and renouncing their
>>>>>> investments in the markets.
>>>>>> after all, they to are the indirect beneficiaries of the bailouts. ...
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 15:29
Les Cargill cfl.rr.com> wrote: > Surely the world will end soon :) 2012 is almost here...
>
I was kind of thinking that we could strech it out to 2079, that way I'll be
dead and nothing will be of importance.
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Author: Canuck57Canuck57 Date: Mar 29, 2008 15:33
"Les Cargill" cfl.rr.com> wrote in message
news:47eeab13$0$1095$4c368faf@roadrunner.com...
> I dunno where the new equilibrium will be, really. But it's very hard
> to explain just how much speculative activity there is out there. I know
> one guy who's in for hundreds of thousands - as an individual investor -
> of oil futures. A couple dozen-thousand people at that level add up
> rather quickly to a lot of swing, never mind private fund or
> pro speculators.
>
> The driver for this sort of thing, IMO, is a continued Millenialism.
> People out there are running really scared still.
You could add me to that list. Because government can't keep just trying to
print their way out of this, at some point a reconing will occur unless the
fundimental issue of excessive and out of control debt is put on a firm
leesh.
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Author: Siobhan MedeirosSiobhan Medeiros Date: Mar 29, 2008 15:35
On Mar 29, 8:52 am, "Canuck57" unixhome.net> wrote:> "Roy Batty" gmail.com> wrote in message
>
> news:MPG.2257758934b2f39998a53a@news.individual.net...
>
>
>>> anon privacy.net> wrote:>
>>> "Econotron" hotmail.com> wrote in message
>>>news:SXbHj.25$oE1.13@trndny09...>
>>>> Fed knows that there would be no rerun of 1929, for the reasons
>>>> explained
>>>> here and elsewhere.
>
>>> The problem is the current Fed chairman. He has spent his life studying
>>> how
>>> to prevent the 1930s. And he wants to use his solution regardless whether
>>> the problem is similar. He sees deflation behind every corner. He has a ...
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Author: Siobhan MedeirosSiobhan Medeiros Date: Mar 29, 2008 15:38
On Mar 29, 11:49 am, "John Galt" bluebottle.com> wrote:> "anon" privacy.net> wrote in messagenews:jvvHj.782$lV1.215@trndny06...
>>> "Canuck57" unixhome.net> wrote in message
>>news:ECtHj.133413$pM4.120298@pd7urf1no...>
>
>>>> I think a better idea would be to have NO lender of last resort.The last
>>>> resort should be bankruptcy, just like in any other business.
>
>>> Insightful.
>
>>> If they just let that happen, the problem would have solved itself in 6
>>> months.
>
>> the last time they let the problem get so big and then "sort itself out",
Hoover did.
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