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To: Claude Cormier who wrote (111928)	5/23/2010 10:46:19 AM
From: pogohere	2 Recommendations Read Replies (1) \| Respond to of 116555

"Simply said, too much governments playing with unsound money." and Too many corporations owning unsound governments.

To: Claude Cormier who wrote (111928)	5/23/2010 3:07:20 PM
From: koan	2 Recommendations Read Replies (2) \| Respond to of 116555

>>\|\| The entire world is in economic danger I agree. But the primary cause is not because of lax regulations. The cause is because governments allowed fiat currencies in the first place, which are created out of thin air. Add to this the fact that governments take form the poeple and bail corporations. You have the problem. Simply said, too much governments playing with unsound money.<< Where I am disagreeing with you is in your ideology because I feel it is based on nothing solid and it ignores history. We humans have never done a very good job of managing ourselves, our finances or our lives without violence and economic injustice. The life of todays people is most modern democracies is the best it has ever been, by a long shot, and compared to all non democratic countries; and compared to all countries throughout history the worlds democratic counties today are like the friggen garden of eden. We have never, anywhere in all of history lived as healthy, wealthy, and free of fear as we do today. You have some ideology which I have never seen work. Yet you seem very sure of it. The failings we have as humans is the human condition i.e. we are not as smart as we think we are, nor as sane, nor as civilized and we do not properly take that into consideration when considering how to run our societies. Which is Nasim Talib's thesis.

To: Claude Cormier who wrote (111928)	5/23/2010 3:49:14 PM
From: Hawkmoon	4 Recommendations Read Replies (1) \| Respond to of 116555

The cause is because governments allowed fiat currencies in the first place, which are created out of thin air. That's silliness. You can have the same effect as "thin air" when some nation "strikes it rich" and find a sh*t-load of gold, silver, or worse, oil. If that resource "windfall" is mis-spent and wasted by not being properly invested in OTHER value added industries, ultimately the future economy will suffer. The Spanish empire was economically destroyed by it's looting and pillaging of gold and silver from the Americas. It caused inflation and created a disarticulated economy. Much of Europe's economic progress during the time was fueled by Spanish gold, but it hollowed out Spain's economic base. So long as they could obtain gold from their colonies, they didn't need a manufacturing base. Sound familiar? Ultimately, the basis of ANY economy is the ability to invest capital in products and services that ADD VALUE above the cost of that capital. If someone borrows $1 Million at 5% and they can generate profits of 10%, we have a 5% gain in economic growth. Human productivity ultimately determines the growth of a nation's economy. And THAT is the basis of any sound currency. It doesn't require a "shiny yellow metal", or any other commodity. Hawk

To: Claude Cormier who wrote (111928)	5/24/2010 1:37:08 AM
From: roguedolphin	1 Recommendation Read Replies (1) \| Respond to of 116555

<<"\|\| The entire world is in economic danger I agree. But the primary cause is not because of lax regulations. The cause is because governments allowed fiat currencies in the first place, which are created out of thin air. Add to this the fact that governments take form the poeple and bail corporations. You have the problem. Simply said, too much governments playing with unsound money.">> WORLDWIDE KEYNESIAN END GAME appears to have arrived.