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I never saw you link to the websites that support your view. Did I miss your post? Haroki, just in case you're just misinformed and not a paid propagandist, here's how it works: 1. Congress wants to spend more money than they bring in through taxes, so... 2. Treasury prints some paper...

I read it: It was very tough to get through the first few chapters because he doesn't understand inflation (and therefore, economics), but the last few chapters are an interesting cyclical view of history. An extension of Plato's cycles. He divides society's cycles of the elite into...

There is a theory that society is cyclical and is led by certain ideals and always in this order: Laborer, Warrior, Intellectual, Acquisitor. Today we're in the Acquisitor stage where the laws and morality all support the pursuit of riches. The Laborers eventually get pissed off enough and...

And you'll drive us off the cliff before we can wrestle the steering wheel out of your hands.

Excellent eye. What you're seeing is confusion tactics from our benevolent government and power structure. They are threatened by Ron Paul's success on the Internet. Free information is a threat to those in power. This is their first wave of attacks on the blogosphere.

It depends on the definition of 'globalism'. If it is free and open trade among countries on equal ground then yes. However, if it is the version that we have today, then absolutely no. It's good for the corporations, bad for everyone else.

It could be government influence has absolutely nothing to do with "what's best for the economy". It could be they influence the markets because it's profitable for them.

IMO, commodities gets you on the right side of the trade: - the rest of the world is transitioning into consuming more (the US is 300 million. Even if only 10% of China and India become middle class, their consumption of resources would easily replace the entire US. We're negligible.) -...

For the past 30 years the boomers have been saving and investing which has driven up all asset prices. (ie. high demand) For the next 20 years the boomers will be selling and spending their assets. (ie. high supply, lower demand) The younger generations are not rich enough, nor do they...

I wonder how much this becomes a feedback mechanism and how the knowledge of the interaction affects the outcome. Perhaps it's all emotional and emotions have a specific rhythm that isn't affected by logic...

It's interesting... Watching this board... seeing the realization and opinion swing over the last year or so... The understanding that the Fed, the IMF, and fiat is a scam has transformed from obscure conspiracy theory into nearly mainstream (at least among traders). You can see the...

daal, please do some more research. The reserve requirement on demand deposits has been effectively 0% for a few years now: http://www.federalreserve.gov/monetarypolicy/reservereq.htm Even if your assumption that withdrawing money has a multiplier effect on decreasing the overall money...

Don't worry about those posts... Bush is on the job. The conspiracy bubble will be shut down soon in the name of terrorism. "Communications, which allow terrorists the ability to receive, store, manipulate, and exchange information. The methods by which terrorists communicate are numerous...

If you like economic/banking theory: http://www.mises.org/store/Money-Bank-Credit-and-Economic-Cycles-P290C0.aspx If you like the history/politics/reality wake up call: http://www.realityzone.com/creature.html

Because they can't set the market interest rate directly, they actively enter the bond market to buy and sell. And when they buy, they print the money of out of thin air.

you're right. that is the discount rate. but the discount rate is an arbitrary rate that will not affect the price of bonds. And it's the price of bonds that creates the market interest rate.

For those truly interested in the economics of this: http://www.mises.org/store/Money-Bank-Credit-and-Economic-Cycles-P290C0.aspx The monetarist criticism? Simple: they can't intervene and contort the system for personal gain.

In case you're wondering what constrains the Fed from printing all this money "out of thin air".... Well.. that would be the public's perception of how drastically the dollar is being devalued. IE. inflation.

The Fed's discount window refers to the rate the Fed will lend money to its member banks and is arbitrarily set by the Fed. This is the "Fed funds" rate that is set periodically. This is the rate at which banks borrow to meet their reserve requirements (or more recently, because they'd like to...

Yes, let's get back to the Austrians admitting that you are wrong.