Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (103501)	5/26/2009 7:27:05 AM
From: Robin Plunder	4 Recommendations Read Replies (2) \| Respond to of 110194

the ability of the human mind to miss the point is simply amazing....contrary to his own protestations, he did not have a fiat currency...he had barter (ie, hard currency), he had stolen loot from poland and austria (ie, hard currency), he had secret gold backing, he had stolen loot (ie hard currency) from german citizens which was used to fund military growth...he had govt manipulation and 'promises'(ie, promise of hard currency) to back select parts of his 'fiat' currency...the guy was a complete thief supporting murderers in govt...no wonder our current intellectuals find him appealing... RP

To: pogohere who wrote (103501)	5/26/2009 8:31:14 AM
From: Robin Plunder	1 Recommendation Read Replies (1) \| Respond to of 110194

i hesitate to comment because dont want to distract from my other points, ie, they did not rely on fiat to finance german military build-out... "Thus we now realize that it was a privately owned and privately controlled central bank, which made loans to private speculators, to enable them to put up the necessary margin to speculate against the nation's currency. Such speculation helped create a one-way street, down, for the German mark. Soon a continuous panic set in, and not just speculators, but everyone else had to do what they could to get out of their marks, further fueling the disaster. This factor has been largely unknown, and "the government" typically gets the blame for this mother of all inflations, in economic propagandizing." blaming speculators and poor govt oversight is a common defense by govts who establish corrupt policies and then try to distance themselves from the disastrous results, eg, our current experience in US. Intelligent regulation is for the most part an oxymoron, as the regulators are simply bribed, eg SEC, congress, fannie mae/freddie mac experience, Fed officials acting in concert with wall st banks....etc... RP