> On Mar 29, 9:14 am, d2e2 bellsouth.net> wrote:
>
>
>

>> Vide...@tcq.net wrote:

>>> On Mar 28, 2:42 pm, Jerry Kraus yahoo.com> wrote:

>>>> On Mar 28, 2:34 pm, Vide...@tcq.net wrote:

>

>>>>> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:

>>>>>>http://biz.yahoo.com/ap/080328/fed_credit_crisis.html
>>>>>> In typical neocon fashion, the fascist at the Fed, Ben Bernanke, is
>>>>>> continuing to bail out greed, incompetence, exploitation and
>>>>>> destruction, at U.S. taxpayer expense, and, at the risk of further
>>>>>> undermining the U.S. currency. Another 100 billion of your taxpayer
>>>>>> dollars will be going to subsidize the multi-million dollar salaries
>>>>>> of CEO's of vicious, worthless and incompetent Wall Street Firms. God
>>>>>> knows, they've earned it! After all, what are taxes for, if not to
>>>>>> finance the destruction of the U.S. military and the Nation of Iraq,
>>>>>> and to ensure that CEO's and their immediate families can live in the ...

> 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, get
> the list of hardware and software then shop on the internet for the parts.
> You will be surprised to find out that even if you price your work at 0 ...

> "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.

>

>> Actually I would call myself a free marketer. ...

> 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. ...

> 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 ...

> On Mar 29, 12:16 pm, Vide...@tcq.net wrote:
>
>
>

>> 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 ...

>
> "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
>>> suit.
>>> e

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

>
> In the last year, some estimate 2-3 trillion (US+Cad) . Enough for at ...

>
> "Andy F." tesco.net> wrote in message
> news:656ugbF2emh15U1@mid.individual.net...
>

>> 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.
>

>
> "Canuck57" unixhome.net> wrote in message
> news:ECtHj.133413$pM4.120298@pd7urf1no...

>>
>> "Andy F." tesco.net> wrote in message
>> news:656ugbF2emh15U1@mid.individual.net...
>>

>>> 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", it
> took more than a decade and a world war to reset the animal spirits.
> ...

>
> "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?
>

>
> the rest of the suggestions are politically impossible.
>