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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (38779)	8/15/2008 8:19:49 PM
From: elmatador	Respond to of 218047

MONETARY Dominance in Brazil? Message 24829209

To: pogohere who wrote (38779)	8/16/2008 8:51:44 AM
From: dvdw©	Respond to of 218047

"Since the new framework was introduced, the RBNZ [Reserve Bank of New Zealand] has implemented two changes. First, banks are now allowed to use a wider set of assets to raise cash from the central bank. In particular, a limited amount of AAA-rated paper is eligible. Second, a tiered system of remuneration was introduced in response to episodes in which the market interest rate rose substantially above the OCR. The RBNZ now estimates the quantity of reserves a bank needs for its payment activity and, based on this estimate, sets a limit on the quantity that will be remunerated at the OCR. Any reserves held in excess of that limit earn a rate 100 basis points below the OCR. This policy is designed to provide an incentive for banks to recirculate excess reserve positions and to prevent them from “hoarding” reserves. [p.13]" What is this, but an attempt to expand the potential of underlying logics? Time Shapes Capital. Apparently the greater system needs to see if RBNZ can foment some practical utility from policy change. Sounds as if RBNZ is experiment/discovery to validate by trial and error, whether reflexive properties emerge. one must note, that the argument considered, may not be sincere, in that the range of alternative scripts, are still left of the central control units prerogative, thereby, ensuring that the reflexivities sought, wont hold true under the rules for expanded logics. self interest of control hierarchy.....isnt revolution or even innovation, its just the same ole stuff repackaged to sustain self interest.

To: pogohere who wrote (38779)	8/19/2008 3:13:50 AM
From: pogohere	Read Replies (1) \| Respond to of 218047

"These banks are really only Potemkin banks, as they can't afford to lend in any case, being short capital. I.e., they really aren't banks anymore. But their "liquidity" could be siphoned back to the Fed to relend to other Potemkin banks. This all would be accomplished without an increase in liquidity in theory, as this would all amount to recycling the same funds over and over. Fed policy right now appears to be to prevent as many lines as possible from forming at insolvent banks. In the not very far run (as in maybe within 90 days or so), however, the default/foreclosure rates will force an expansion of liquidity in any event and this exercise will be futile." The US money supply has experienced the sharpest contraction in modern history, heightening the risk of a Wall Street crunch and a severe economic slowdown in coming months. Data compiled by Lombard Street Research shows that the M3 "broad money" aggregates fell by almost $50 billion (L26.8 billion) in July, the biggest one-month fall since modern records began in 1959. … The growth in bank loans has turned negative to a halt since March. telegraph.co.uk Message 24858330

To: pogohere who wrote (38779)	9/28/2008 9:21:13 PM
From: pogohere	Respond to of 218047

(Draft) Emergency Economic Stabilization Act of 2008: SEC. 128. ACCELERATION OF EFFECTIVE DATE. Section 203 of the Financial Services Regulatory Relief Act of 2006 (12 U.S.C. 461 note) is amended by striking ‘‘October 1, 2011’’ and inserting ‘‘October 1, 2008’’. A section of the draft of the bailout bill, which will likely pass even of other sections don't, accelerates a provision of the Financial Services Regulatory Relief Act of 2006 to allow the Fed to pay interest on required bank reserves. from: Message 25001896