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

To: dan6 who wrote (94154)	8/31/2012 4:22:36 PM
From: elmatador	5 Recommendations Read Replies (1) \| Respond to of 219610

Lebanese friend told me: I prefer to pay than to owe a favor. I asked why. He said: "I pay once. And no one can come back to ask me to pay twice. A favor is never paid out. The guy who did it, will ways come back for something. And you cannot deny. Another friend told me the most expensive woman is the one who makes love to you free of charge. If you pay her once. You owe her nothing. If she does it for free, you are forever indebted to her.

To: dan6 who wrote (94154)	9/1/2012 2:54:57 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 219610

What a load of palaver. Money is a promise to pay. Broken promises or promises not worth the money they are printed on are not worth having. So, people will not accept pre-broken promises. There is nothing at all wrong with economic growth. The reason for economic growth is that people want their lives to be better. They find ways to improve their lives by solving problems and creating things that didn't previously exist. That article is driven by the idea that deadbeats should be able to borrow money from other people and not bother paying it back, leaving the creditors out of luck. People will simply abandon the US$ as a monetary method. Mqurice

To: dan6 who wrote (94154)	9/1/2012 4:36:57 PM
From: TobagoJack	Read Replies (1) \| Respond to of 219610

we must then redefine 'save' :0)

To: dan6 who wrote (94154)	9/2/2012 3:24:44 PM
From: Haim R. Branisteanu	2 Recommendations Read Replies (4) \| Respond to of 219610

Negative interest currency would be positive for the world economy and induce more barter which in turn will leave many people with the same wealth even if inflation "fluctuate". The only problem I see, is how we make the transition from the present system to the old proven negative interest system, where having the gold and silver standard posed no problem. Today economies and business must grow only for the sake of covering interest rates for loans they irresponsibly took. The current economic malaise in the US and elsewhere is a direct result of the fact that the economy barely grows at the cost of the country debt interest. So in practice the economy is running on neutral even that it grows but no wealth is added. With negative interest even a slight economic expansion will add to the nation wealth and increase the standard of living and that what matters most. To give a simplistic example chickens are eating a lot of corn as are many other farm animals. All people need to eat no matter what corn meal, cornflakes, or meat or eggs. If price of corn goes up so will go the price of the above mentioned items. the corn grower will exchange his corn for a stable supply of meat and eggs which will balance out in price due to real market efficiencies which will be local and universal and manipulated by WS types. Profitability of growing one or the other, as related to work needed will blance out local supply and demand as it has done for several thousand of years. During those times the society at large lived well and accumulated wealth based on their hard work and ingenuity without the scums, thieves and swindlers employed now in the financial industry, including CB’s. Yes international trade will shrink substantially but with it will imports and the balance of trade. The net result would be more local workplaces to produce "widgets" we need as a direct result of the highly uneven pricing of basic commodities on various continents which are affected by unpredictable weather or other unexpected mostly natural driven events. (I purposly ignore acts of wars and/or plain plunder) More so the main beneficial result would be that the population at large will stay away from holding cash in the banks, and by this denying the ability for institutions like JPM, C or BAC etc. to manipulate commodity prices with OUR deposits. Further this will shrink the ability of banks to lend money and the leveraged businesses will fail or go out of business which is also a very good thing as they will eliminate the risk present now in the financial system. No more WorldCom or Enron or Lehman debacle - all in all financial markets will be a boring low paying industry which in turn will turn away many smart and/or intelligent people to other venues of more productive employment to produce more useful and practical "widgets" well, all will love to use. What many are missing from the big picture and evolution of civilization is the fact that for many millennia society lived with negative yielding currency like gold and silver which need ot be stored and guarded. Many forget the fact that the Order of the Templars got extremely rich exactly by dealing with money with negative interest rates. As an example if Joann living in Germany wanted to visit Jerusalem, she would deposit her gold coins with the local Templars receive a coded receipt for a fee (negative interest rate) and upon her arrival in Jerusalem withdraw same amount of gold coins less the negative interest. More so many forget that the financial industry today represents around 25% of US economy and in fact they produce nothing new and are just burning other people wealth or earnings, and by this stealing from everyone assets that otherwise would increase the standard of living of the working population that manufactures widgets we need and product and services we need like medical doctors for example. In addition a high percentage of attorneys another class of leaches will be not needed and will only increase the numbers of people employed in producing useful and productive “widgets” Interest rates evolved from the fact that people without money had great ideas and wanted to start a business and in search of money took as partners people with money who knew they receive negative interests, so they took the risk, slowly the process evolved into banking as the lender did not understood the new business and was not willing to watch over his new partner shoulder, later it developed into what was called merchant banking and only in the last few centuries the modern banking evolved with access to credit for every one and there the huge social mistake, for which we are paying dearly now with stagnation inflation government debt and all kind of entitlements. In summary I could go on and on with the benefits of negative interest rates that for may it seems irrational, but for millennia’s civilization thrived on this system and prospered and the standard of living always advanced and did not stagnate for a prolonged period of time. Few week back I posted what the laws in the Jewish Bible where, related to charging interest on loans by defining teh interst charge as outrigh criminal and I find it amazing the wisdom embedded in the writing of over 2500 years ago, but some on this board laugh me away. Deuteronomy - Chapter 23 ; You shall not give interest to your brother, [whether it be] interest on money, interest on food or interest on any [other] item for which interest is [normally] taken [by others] Leviticus - Chapter 25 35. If your brother becomes destitute and his hand falters beside you, you shall support him [whether] a convert or a resident, so that he can live with you. 36. You shall not take from him interest or increase, and you shall fear your God, and let your brother live with you. 37. You shall not give him your money with interest, nor shall you give your food with increase. Ezekiel - Chapter 18 7. And wrongs no man; what has been pledged for a debt he returns; [he] has committed no robbery, gives his bread to the hungry, and clothes the naked with garments, 8. Does not lend on interest, nor does he take any increase on a loan, keeps his hand back from wrong, executes true judgment between man and man, 9. Has walked in My statutes, and has kept My ordinances to deal truly-he is a righteous man; he shall surely live, says the Lord God. 12. Wronged the poor and the needy, committed robberies, did not return pledges, lifted up his eyes to the idols, committed abomination; 13. Gave out on interest, accepted increase on loans -shall he then live? He shall not live! He has done all these abominations; he shall surely die; his blood falls back on himself!