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Those are 1/10 oz gold coins. I've had one for about 5 years, I bought it at 40 bucks. The ones he has a pile of that he caresses in his hands are 1 oz gold coins, they are not the ones being advertised. It's an advertising trick. If you look closely at the one they advertise, it's the small...

Wait, sorry, I meant the buy signal is now, or the next dip. I'm not sure, but I mean whoops, oh, it's a buy signal.

TBT.

Part of California's problem comes from the many ballot initiatives that get voted in. The problem is that the ballot measure doesn't allocate the funds from any tax revenue. They are typically financed by debt.

Like What?

Things are starting to get a little tricky. The government better figure out how to fix the system before the next big crisis is a currency crisis.

US spent 5 trillion on Iraq and Afganistan, why not spend 1 trillion on the US economy. I think that's the more important priority. That's what irritates me about the conservatives in the Senate arguing against another couple hundred billion when they were in full force supporting the wars with...

There's quite a difference between subsidizing a lumber industry and saving the financial system. Your comparison is a joke. It's like comparing a beaver dam and hoover dam.

If you're going to try to make a point, at least use a quick spell checker. Especially in the title of your thread!!!

Write it in hand.

This is a quote from: The debt-deflation theory of great depressions. "Each dollar of debt still unpaid becomes a bigger dollar, and if the over-indebtedness with which we started was great enough, the liquidation of debts cannot keep up with the fall of prices which it causes. In that case...

That's what a Keynesian stimulus is for.

Interesting read but he doesn't really give a solution. Is the only solution to a deleveraging economy to let it run course in this view? Or, do you just bypass the deleveraging banks and produce new banks that will create new credit? The federal reserve might as well just open the discount...

With the unemployment rate ticking up, rents should be collapsing very soon.

Debt-deflation theory of Irving Fisher: Assuming, accordingly, that, at some point of time, a state of over-indebtedness exists, this will tend to lead to liquidation, through the alarm either of debtors or creditors or both. Then we may deduce the following chain of consequences in nine...

It's called controlled selling. The futures were propped up, so the funds could unload because next week is going to be ugly.

Haha!

The fed funds rate is at 0%. How can all the banks be going under? Since banks are technically insolvent under a fractional reserve system, all I can think of is that the fed is letting them fail. I just can't seem to understand why the fed doesn't just change the reserve requirement. Unless...

If congress changes the rules now, these banks will become hydrogen bombs. Their loss carryovers are all they have as assets now. It seems like congress is trying to do everything they can to destroy the banking system so they can socialize it. We are getting into some scary times ahead.

Exactly, it's mark to market. You file under section 1256 contracts.