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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (247647)	5/10/2010 11:01:44 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

neolib, nathan martin has more details posted at swarmusa.com, but the idea isn't to outlaw lending, the idea is to have a base of sovereign, debt free money. if you want to add value to society, earn money and then lend it at market rates, have at it. but if you want to simply devalue everyone else's money (subtract from society) and then collect interest on the damage you did to society - no, that has to stop. debt based money is simply an unstable ponzi scheme - and it is near the tipping point. society, by definition, always owes more than exists. that doesn't afford a stable long term economy.

To: neolib who wrote (247647)	5/11/2010 5:54:04 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

anybody notice that the Senate voted 96-0 for the GAO to audit the Fed's emergency actions? We'll see if that amendment makes it to the final bill. And the GAO is not exactly the watchdog agency I had in mind. But it's a start. bloomberg.com The currency swaps would be subject to a congressional audit under an amendment adopted by the Senate today on financial legislation. The chamber voted 96-0 for the proposal offered by Senator Bernard Sanders, a Vermont independent, to allow the Government Accountability Office to conduct a one-time audit of every Fed emergency action since December 2007.