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I took Eco 101 over 40 yrs ago. I remember studying and being tested about the fractional reserve system and how the banking system creates money.....but I don't remember ever studying or being taught that the Fed can just print money like a counterfeiter and acquire wealth. It was certainly...

We can just print our way out of it, but then people wouldn't loan the gov't any more, which IMO would be a good thing. Stosh

So, when they provide this service of printing to offset productivity and population increases they are still taking in wealth, just like my altruistic counterfeiter would be doing. And when you throw in the complexity of the flimsy fractional reserve banking system which also creates money...

Are you saying that when the Fed prints money it is as if they had struck a gold mine in their back yard.....they are creating the money out of thin air. If so, that really pisses me off. Let's say a counterfeiter were printing billions of dollars and spreading it out among the poor or...

When you say the fed could print money and pay off the nat'l debt, I presume that the accounting for this would be that the gov't would then owe the fed that same amount....and consequently the fed would owe whom for that amount of money that they printed and loaned the gov't to pay off the...

I don't understand......you say it will show up as national debt, but then you say it is owed to no one. Isn't it borrowed as bonds and notes from citizens, Chinese, Japanese, and other purchasers of our debt worldwide. My question is whether the gov't can just print money without it...

Lot of talk about gov't paying for stimulus, etc. by just printing money. The gov't can't just print add'l money without it showing up as add'l gov't debt, can it or does it?

Thanks......are those refurbished?

If you don't mind, approx what does that rig cost? Thanks.

Can't help but notice that almost all of the CEO's, fund managers, and other big shots who raped and pillaged over the last decade were men. Maybe women wouldn't have been so aggressive and greedy with other people's money? Couldn't have done much worse. Stosh

I'm glad they don't.......I wouldn't have a chance (in futures).

Kind of paltry for ET.....must be a newb..

I don't really know exactly how it was set up. My description was just a rough overview.....your idea is probably correct since I do remember the word Trust being used. I guess I will have to study it when I do my income taxes. Stosh

Winstontj: Macroshares had etfs with symbols DCR (down crude) and UCR (up crude) last year that shared in a pool of money. There was a formula under which they divided the fund between the two. As crude went up UCR gained and when crude went down DCR gained. Well, crude went up so high that...

Possibly someone with a related background of knowlege and a high IQ could do it in a single vehicle within a couple of months, some people take a few years, and most people never get there.

I would think that if you have a good background of knowledge and experience, are a full time trader, and if markets are your life that you could successfully trade several asset classes. But not many people fit that description. I don't like having to follow individual companies, so I like...

Paraphrasing from Ayn Rand: Always operate within the limits of your ability, but keep expanding those limits til the end of your life.

I swore off of ETFs after my stake in DCR went to zero last summer. I was betting on a drop in oil prices, but the fund liquidated just before oil prices plunged. It was my fault for not studying the bylaws of the fund in detail......but I don't want to have to do that in the future. So, I...

I would LOL, but too busy.

Probably many ways to skin the cat......here's mine: I'm 65, retired from my construction business. Invested and traded part time until last couple of years when I started spending more time on it.....investment portfolio declined last year but trading has been going pretty well. I combine...