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.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (130995)	4/23/2012 10:03:15 PM
From: Wayners	1 Recommendation Respond to of 224890

I don't know about the convertibility requirement. The Central Banks of the World all have one thing in common. They are private banks and their biggest clients, maybe only clients are a Nation State. When they lose their biggest or only client's bank account it's game over. In theory having a Central Bank separates the Treasury from the Politicians and there are supposedly forces in place to prevent politicians raiding the treasury because the Central Bank is separate from the politicians. Hasn't really worked out at all. The Central Bank knows how deep the pockets are, even if they have to take everything you have at the point of a gun to get what you have. Central Banks don't say, hey we are cutting off your credit when you are paying 1/3rd of your Federal Budget in interest at low interest rates. No, they keep loaning even more money.