>
> "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
>> suit.
>> e

>
> 1. how does new money enter the system?

> When the Bank of Canada lowered interest rates, the banks didn't pass the
> savings on to the borrowers like me, they had to make up for the fucking
> bad
> investments in the US sub-prime market, you know!
>
> I feel bad for them. I really do!
>
> Assholes from Hell.

> "anon" privacy.net> wrote in message news: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.
>
>
>

> ajames54 wrote:
>

>> In my opinion is the stupid thing was all the morons defending the
>> current system as though laissez-faire was what we had. To call what
>> we have a free market is to indulge in Orwellian double speak of the
>> first order.

>
> It actually is. A common misconception it is that a free market can
> actually
> exist and can actually work. Nothing more wrong. Any business/financial
> system let loose it is going to crash. The reason is because the size does
> mater and because of that, free market it is it own Nemesis.
>
> If a sole proprietor wants to start a computer assembly business, he will
> buy a harddrive for $65. Dell, buying directly from manufacturer, in bulk
> of a million will be able to buy the same harddrive for $25 or less.
>
> Just try to do the following experiment. Look at Walmart for a computer, ...

> 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.
>>>> you would think that they would be fleeing the markets, whilst
>>>> proclaiming their beliefs. i see none of that. ...

> 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.
>>>> you would think that they would be fleeing the markets, whilst
>>>> proclaiming their beliefs. i see none of that. ...

> tcq.net> wrote:
>

>> you are correct.
>> here is a little peice i made up explaining conservative/libertarian
>> lunacy.
>> "libertarians/conservatives are the only group of people i know that
>> are constantly outraged at the results of their own polices, then they
>> blame government(the blaming government part was added by another
>> fellow, of course he is very smart.)."

>
> Libertarians tend to think that they are "free thinkers"
>

> 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.
>> you would think that they would be fleeing the markets, whilst
>> proclaiming their beliefs. i see none of that.

>
> Actually I would call myself a free marketer.
>
> I've expected this outcome for a couple years I am really surprised
> that it took this long to come about. Hell not only did I expect it,
> I've even bet on it. All those puts I bought that expired worthless I
> looked on as the cost of doing business, now that I should be hugely ...

> "anon" privacy.net> wrote in messagenews:1PhHj.50$ta2.10@trndny05...
>

>> "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 solution (helicopters) looking for a problem.

>

>> The way the paper based money works, a government can always engineer
>> enough inflation by just giving away money. He said as much.

>

>> The natural cycle in a fiat currency based system and a dishonest
>> financial sector in cahoots with a pliant govt (the path of least
>> resistance) is inflation and more inflation (ie, stagflation). In real ...

> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:
>

>>  tcq.net> wrote:

>

>>>  you are correct.
>>>  here is a little peice i made up explaining conservative/libertarian
>>> lunacy.
>>> "libertarians/conservatives are the only group of people i know that
>>> are constantly outraged at the results of their own polices, then they
>>> blame government(the blaming government part was added by another
>>> fellow, of course he is very smart.)."

>

>> Libertarians tend to think that they are "free thinkers"

>
>  but everyone of them speaks of living libertarian ideals. i ask them
> if they live by someone else's rules, then they are not free. i ask
> them who enforces their rules in a free market. they say the market.
> then i say who enforces the rules if someone breaks them. they say
> government. so much for their so-called ideals. ...