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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (132217)	9/30/2008 12:15:12 PM
From: E. Charters	Read Replies (1) \| Respond to of 312311

What Hitler did is control the issuance of currency by an index on production. If it is done properly and in a disciplined fashion, it works. It cannot be trusted in the hands of most politicians, and I agree most bankers. The way it is controlled is to control the asset to debt ratio by edict and central bank. This means government must act responsibly. The franchise is politically controlled. Not just bankers have their hands on this. It is a see saw battle. It is well known that if you control the banks you control politics to a large degree. Withdraw credit and you withdraw success and breeding rights as well, as the female gravitates to the money power equation. It is doubtful that bankers will get out of line with their asset to debt ratio if there are no safety nets other than good economies. Historically this did not happen. Where economies got squeezed was generally by government austerities, excess tariffs, or forcing issuance of unlimited credit to government enterprise. In effect if they get their hands totally on the money machine with no control whatsoever there is nothing to stop them from printing funny money for ever more grandiose schemes. If we let them, they will be building pyramids on the moon and selling time sharing thru their party system. The community as as whole cannot issue credit to itself except by some system, which has evolved as banks and credit unions etc.. If we let an elected government do it, then community trust is broken as they operate as a law unto themselves, and not by plebiscite. To assume that political control will benignly control credit up to some limit that is anti inflationary is naive at best. EC<:-}