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    It's Official now! Welcome to Communist America, Comrade!

    Your job will depend on whom you know, how can you help or pay them, do you tow the party line.......your skills will have little to do with it. Stosh
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    Why can private banks create money?

    By the way, this stuff about the Fed being an independent, private corporation is literally true, but in practice it is a distinction without a difference. Ben Bernanke has a tatoo on his ass that says "Property of the U. S. Gov't." Such a tatoo will also be placed on Larry Summers' if/when...
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    Why can private banks create money?

    I agree with most of your comments. In short, from any given level of money supply, the banking system as a whole can increase or decrease the money supply by way of the fractional reserve banking system. Of course, this ability is based on and is under the influence of the Fed. It is a...
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    My solution to Californias Budget crisis.

    Well said. And, in addition, the more light that is shone on this unnecessary self induced disaster, the better the chance (although slim) that the rest of the country might wise up and get off the same downward path. Stosh
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    Weak Foreign Demand for Treasuries

    I've also become interested in learning about interest rate futures. Seems like these markets reflect almost everything that is going on in the world......enough to learn to keep you busy for a lifetime. Unless, of course, you think the charts say it all. Good luck. Stosh
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    My solution to Californias Budget crisis.

    Hopefully, that would only be Step 1 of your program. Stosh
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    Pairs Trading or Arbitrage

    An example of how educational ET can be.
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    CME e-micro futures

    My sentiments exactly. Stosh
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    Traveling with IB TWS...question

    Thanks for the reply. Do you suppose that maybe you didn't check that little box at login that I mentioned above on the away computer? Doesn't seem like you should have to use the flash drive to make it work. Stosh
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    Traveling with IB TWS...question

    After talking to a neighbor who uses both his laptop and his PC with TWS with no problem, I think my problem on the computer in Austin may have been my failure to check the little box within the LOGIN dialog box that says "use settings stored on server". Not sure, maybe someone can comment on...
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    Traveling with IB TWS...question

    I have been using IB TWS browser based on my home PC for about 6 mo. I have the boxes checked (under file) for "auto save settings and also"use/store settings on server". I took a trip to Austin last week and logged in on my friend's home PC there, and the TWS platform was as if I had just...
  12. S

    GREAT news out of California

    Great point..........maybe the problem is the ignorant voters that elect them??
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    Best 1k I've ever lost in my life!

    You're right......and it is funny. Guess he would have been pissed if he had made $1000 and it not counted.
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    Best 1k I've ever lost in my life!

    Or like saying you can manage a business because you managed some gov't workers.
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    The Big Inflation Scare - Oooooh, How Scary; Prove Him Wrong

    Do you really believe the Fed will have the cajones to reverse QE and hike interest rates?? I doubt it.....I remember Volcker doing it but he had Ronald Reagan at his back and was able to withstand the beatings he took when he testified before Congress. Of course, in a different America, this...
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    Excellent & Troubling Interview on US. Econ'c Future: Video

    No, actually it was those who allowed the unions to get out of control.......which would be stockholders, directors, management and car buyers.......along with gov't interference. Plenty of blame to go around.....just like in the subprime mortgage debacle. Stosh
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    The Big Inflation Scare - Oooooh, How Scary; Prove Him Wrong

    Lots of wisdom in a few words........well done. Stosh
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    Best full service futures broker?

    On the green bar at the top of the page, click on the third item...."Brokers".
  19. S

    Tell the government to f-off. DO NOT BUY Chrysler or GM cars ever again!

    But what about my $2000+ that I have built up on my GM Mastercard to use toward a new car? Stosh
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    Expectations of US downgrade from AAA are being put forth to minimize future shocks

    Could be.....but I'm not sure they're that smart. They may really think that they are going to pull back in all that loose money and balance the budget again some day (with higher taxes). Stosh
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