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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (61929)	10/25/2008 7:41:20 PM
From: E. Charters	1 Recommendation Respond to of 78410

I'll be that benevolent dictator. I don't want much for the job. My choice of concubines, ten tax free million a year, a yacht, a mansion or two, a picked bodyguard of 2000 red necks, my very own A-Star helicopter, with mechanic, a Gulfstream jet, a cottage in muskoka, freedom from having to obey any laws from misdemeanours on down, paid for parties for my new found friends, and I can stake any claim I want anywhere for free. I promise not to pass any annoying laws or levy taxes beyond 10 percent. People who make fun of me will be executed painlessly. I will be honorary president of every charitable orgranization and street gang. People can own as much gold as they want as long as it has my picture on it. EC<:-}

To: Valuepro who wrote (61929)	10/25/2008 8:50:03 PM
From: loantech	Read Replies (3) \| Respond to of 78410

What worries me about the fractional system and I do not have the expertise to understand more than the basics as the banks get their $$$ from the fed say $100 and lend out $90 as the ratio was worse than a 20% reserve then the borrower takes that $90 and deposits it and the new depositors bank lends out $81 and then that gets redeposited and the next bank in line lends out an estimated $72 etc etc. The problem I see is that when certain loans go belly up and assets are written off the expanding effect can work in reverse so it does not take 90% of all mortgages to go into default to cause a reverse cascading effect and I think that is where we are now. And the current panic is running around like a chicken with it's head cutoff trying to patch a lot of leaky holes in the system that is moving ever faster towards a problem. I am just not sharp enough to see or explain how it is happening but I do believe it is opposite of the ever expanding lending scam where an initial loan from the fed for $100 can go out to make hundreds by the time all the lending is expanded from the initial $100. So we may be in deep sh#t. I am hoping you can reflect on this idea. Or maybe pour cold water on it if it has no basis. Tom