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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (77432)	8/8/2011 1:14:17 PM
From: Hawkmoon	Respond to of 218657

*"To see economic policy as a problem of choice between rival ideologies is the greatest error of our time."* Not me.. I've stated from time to time that I believe that Economic policies/ideologies should be tools to better human life, not the other way around. What good is any economic ideology if it renders human beings as mere cogs in the machine? Example.. Monopolistic Capitalism may truly be the most efficient form of economic theory. But if it destroys innovation and human creativity, as well as merely treating human being as a "labor cost" for it's profit machine, what is the purpose of human existence? Do we all want to return to the days of sweat shops and 7 day work weeks? Is that what life is all about? I prefer competitive Capitalism and I cringe at banks and corporations that become so large that they no longer answer to the will of sovereign nations and their citizens, or even worse, imperil their prosperity by needing to be bailed out.. It's especially sinister if it strives to deprive common people off personal property in the name of profit. And it's criminal if they use their huge cash and marketing reserves to prevent new innovations from coming to market and bettering our civilization. There has to be an element of balance in any economic system. It cannot strictly be driven by ideology like human life is some form of economic equation. Read "Mystery of Capital" by Hernando De Soto.. Hawk

To: carranza2 who wrote (77432)	8/10/2011 1:52:05 PM
From: elmatador	1 Recommendation Respond to of 218657

German Politicians Want Spain And Italy To Sell Off Their Gold Members of Berlin's coalition government are pressuring Italy and Spain to sell off their gold reserves in order to stem ECB bond buying. According to Financial Times Deutsche land (via Finanzas.es), PM Angela Merkel's own Christian Democratic Union (CDU) and the Liberal Democratic Party (FDP) are getting behind the measure. "They should fix their own budgets, something they can accomplish through privatizations and selling their gold reserves," argued CDU spokesman Michael Fuchs. FDP economist Frank Schäffler added that both countries should employ their own assets before resorting to EU aid. According to CNBC, Italy's gold reserves are the fourth-largest in the world behind the IMF, Germany, and the U.S. and amount to 71.4% of the country's foreign reserves. Spain's reserves only account for 38.6% of foreign reserves. Large-scale sales could stem the skyrocketing price of gold, but are small in comparison to the size of gross public debt. The entirety of Italy's gold reserves would only cover 7.57% of its public debt at current prices.