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Thank you for the comment. I find it amusing though to see how far they can stretch their bizarre theories and still maintain a straight face without realizing how ridiculous they are sounding.

I don't go out of my way to read conspiracy theories so no I haven't read that House Banking Report you refer to. Edify me and name the current Fed Reserve directors and governors and draw their link to the European banking families you think control the Fed.

Achilles28, from your comments I get the feeling you are suggesting some kind of conspiracy is at work involving some nameless European banking families who control the Fed by influencing the Fed to raise and lower the money supply at their whim. Correct? If so I don't think pointing out the...

That you are even asking suggest to me you are new. Probably also means you don't have a clue as to what you are doing. If so, prove to yourself that you can be profitable first even if it is only paper trading. After that and you want to risk real money dial down the leverage to no more...

So if I get your argument right it is no longer just the Fed you are railing against but the very concept of credit and money itself? You want a barter system? That is the logical end result of your argument. True or false. In your view was having the Fed an improvement over the system...

I wonder what you think of Somalia? I hear they don't have much of a government there. Rules and regulations for the most part don't exist. You can even take up piracy if you want and conduct assassinations. Sounds like a better place to live doesn't it?

Geico cannot make having health insurance compulsory. The government can. Furthermore, if the government did get into the insurance business it could potentially be a big competitor so I don't see how encouraging it to necessarily helps Buffett's business.

Human nature created this boom and bust too.

Please explain all the booms and busts that occurred before the Fed was created.

Umm, what's a cretin? :)

Many critics keep saying Obama has no experience. The contention has even been made that Palin is more experienced. Let's put down what we know here. Here area couple of articles relating to Obama's time as a senior lecturer at the University of Chicago...

I had some questions regarding FDIC insurance and was having difficulty finding specifics. After looking for a while I found the following detailed page on the FDIC site and finally found some answers to my questions. Maybe it will be helpful to some others as well...

There could be a number of things explaining this. One could say bad leadership is the culprit. George W. Bush has been the president during this time and he's been giving tax rebates like crazy and spending money on questionable wars. Maybe that is the problem? After all, those receiving...

Haven't looked at the S&P too closely but it looks to me like action similar to October 2001 to October 2002 is in the cards.

The final selloff in a long drawn out bear market ends with a whimper. If you are looking for a crescendo ending you are expecting more of a V bottom.

Only problem with that scenario is that US is likely to see deflationary pressure, i.e. dollar appreciation, rather than inflation for some time. From what I can tell it is the only explanation that makes sense in explaining the current dollar strength.

Smart money? You mean those hedge funds blowing up?

I think it is fair to say that the influence of Israel on the United States is very disproportionate to the population of those with Israeli or Jewish descent in the United States. The US media (MSM) is very pro-Israel. I used to wonder if there was truth in this allegation. I have...

Inflate a bubble? Hardly. $700 billion isn't enough to inflate bubbles. Maybe not even enough to inflate arteries enough to get money flowing to the still healthy parts of the economy. If the clog is allowed to persist, however, amputations might be necessary even of healthy tissue that...

You are right. There is no such thing as too big to fail. Remember though that the biggest institution at risk isn't any of the banks or financial institutions, it's something called the United States.