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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (26464)	1/24/2010 9:59:16 AM
From: SARMAN	2 Recommendations Read Replies (1) \| Respond to of 71475

Vi, the government is trying to pacify the angry masses with the Volcker rule. The banks have already figured out a loophole or a workaround.

To: Real Man who wrote (26464)	1/24/2010 10:33:48 AM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 71475

Take a look at this if you wish to confirm your views: charlierose.com The problem is that a lot of what has to take or will take place cannot be influenced by Obama or anyone else, really, because the Fed is essentially independent. How are we going to leverage down the trillions which are owed? We can surely curtail speculative bubbles, but the new bubble is a debt bubble and it is the only one that cannot be burst. Some of its air can indeed by let out but only by repayment and inflation. History has shown repeatedly that paper currencies carry within them the temptation to overprint. It is so easy, so simple to do so at the margins. Problem is, the margins never go away, and the printers are tempted. A true proper fix would deal with the fact that paper always grows and its growth inevitably sinks the currency. Unfortunately, it is such a fixed and immutable part of the economic landscape, that any fixes would be rejected because they would appear outrageous. Not to mention that there are lots of powerful interests who would preclude the creation of a self-regulating currency.

To: Real Man who wrote (26464)	1/24/2010 11:27:46 AM
From: ggersh	1 Recommendation Respond to of 71475

"A lot of folks on this thread and other related threads just want all proper reforms to be enacted immediately. This is a process in the society, and politicians are a product of democratic society" Both true and what should happen. "The politicians just want a scapegoat for the jobs problem, and WS is becoming one. However, folks who speculated on houses with 0 down are as much to blame, the whole culture of living large and in debt has to change, as it is doing" Yes they want a scapegoat, as there is no longer accountability or law in th US. It's more like the Soviet Union. As for the people who speculated with 0 down, I totally feel you wrong. If I'm loaning money out I do due diligence and make a loan expecting to get paid back. Mozilla and Co. just loaned every Tom, Dick, and Jane who could sign the dotted line. As for the Volcker Rule I hope it comes to pass, and has the reforms in it to do all that is needed.

To: Real Man who wrote (26464)	1/24/2010 1:58:56 PM
From: Larry S.	Read Replies (1) \| Respond to of 71475

Vi, Please correct me if I misunderstand but aren't banks presently permit to speculate with money borrowed from the FED window? Larry

To: Real Man who wrote (26464)	1/24/2010 2:28:58 PM
From: NOW	4 Recommendations Read Replies (1) \| Respond to of 71475

"However, folks who speculated on houses with 0 down are as much to blame" They are to blame for sure, but to apportion equal blame is obfuscation, pure and simple. are shoplifting and grand theft equally blameworthy?

To: Real Man who wrote (26464)	1/24/2010 2:29:55 PM
From: NOW	1 Recommendation Read Replies (1) \| Respond to of 71475

but then again, you have been excusing the administrations inaction all along so why would we be surprised?

To: Real Man who wrote (26464)	1/26/2010 2:33:29 PM
From: NOW	1 Recommendation Read Replies (1) \| Respond to of 71475

back to your assigning blame, it turns out you are neither morally NOR legally correct! "If a lender knowingly lends to a borrower who is obviously unable to make reasonable beneficial gain from the use of the funds, or causes the borrower to assume responsibilities that are obviously beyond the borrower's capacity, the lender not only risks losing the loan without recourse but is also liable for the financial damage to the borrower caused by such loans. " atimes.com