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To: loantech who wrote (41215)5/28/2007 11:02:58 AM
From: E. Charters  Respond to of 78403
 
The only problem with replacing the fed reserve and replacing paper money printing by government bond issuance is, "what do you replace it with?"

Paul Hellyer, a former CDN federal government minister, was right, the chartered banks were/are a positive evil. They got, back then, a literal license to print money and issue bonds to the king. This is now Salomon brother's task and privilege.

But it is a much greater evil if this privilege is handed back to the King, or the government, as it could be disastrous. Hellyer proposed that the CDN government issue shares which CDN's would buy, and some of which would be issued at birth, in a sort guaranteed income scheme.

Now I will admit that implicitly each CDN owns shares in the government, but I think it would be extremely dangerous to hand the reigns of commerce solely to the government. It is a vital cheque and balance (API) that credit issuance be part of the financial system per se and not part of political control.

Whereas the Fed is not totally independent of the gov., it would Argentinian scale in economic disaster if this ittty bitty differentiation that is now enforced, such as the exchequer's role or the fed's slight independence were not extant. If scrip money could be just created at the stroke of a political pen, then it would not be long before total economic collapse were with us. As it is, we are creating far too much money for areas where there is no natural or other cost control. i.e. government spending sprees: boondoggles, pork barrels, and banks' pet loan projects to keep foreign clients afloat who never pay back loans.

If we went much further, we would be awash in Wiemar Republic shinplasters with an intrinsic value way right of the decimal place.

EC<:-}



To: loantech who wrote (41215)5/28/2007 12:24:29 PM
From: roto  Read Replies (2) | Respond to of 78403
 
Slan, I take it that you support Ron Paul...good luck!

the OT read is interesting. I have a problem getting serious about any republican in general. the whole of Central America was mucked up by Reagan, the whole of the mid- East mucked up by Reagan, Bush1 & now Bush11...and the voters who put these asses in office are NOW dismayed by what has been spawned. what did they expect?
we should think about this...the deficit was to be paid off by 2010- 2012. kiss that goodbye! today, each citizens debt responsibility of the deficit is over $28K & counting. where is the outrage in that?
the current military budget is greater than all of the rest of the world's nations military budgets combined...& we are bogged down in Afghanistan & Iraq. what a joke.
the republicans stand for family values. do people realize that Massachusetts, the most liberal state, has one of the lowest divorce & abortion rates in the country if not the lowest. maybe it was good for Massachusetts the Pilgrims dispersed elseware.

I suppose all is not bad. the world is now awashed with unpatrioted $US & the foreign middle classes are growing quite nicely...all eager to do there best at competing with us for scarce resources. I have no doubts as to whether or not the metals will do well, and we investors/ speculators will do well also. the only 'fly in the ointment' I see is the irrational republicans & their radical Muslam cohorts.

maybe America's day in the sun will be getting a little cloudy...way too soon.



To: loantech who wrote (41215)5/28/2007 12:31:03 PM
From: marcos  Read Replies (1) | Respond to of 78403
 
wgi.to/wgdf - stronger today with the US shut down, opposite of last monday when we were on holiday while the US was open

gcr.v - sold to freebies and a little beyond

kex.v - nice call Red ... or is that nice pump, lol ... i added a few in one account at .26, went to get some more in another, by the time i logged out and in and got to the order page, whoosh she was in the .30s ... shoulda got more last week, knew that then too

lwc.v - added a few ... won't be long till the wind blows Leeward

ast.v - picking up from the dump on Roy/Hill news, main thing for them imho is JJ, which they're drilling now ... mostly i just follow Astral for the connection with ktn.v, but getting to like it in its own right, pros with a tight structure

epm.to - three thousand volume in half a day?