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Could not agree more with you. The system have led people down many times.........now it faces complete failure. We lost free market officially in 1913..............and it was finally buried in 1971.

i was making fun "great"

what???

I have an MBA. I disagree with many of you about it's worthless value. As well as anything in life......."there are pilots and there are pilots" same thing holds for MBA. We are not entrepreneurs, we are professional administrators. Find yourself the difference. If you have a problem with...

I have a BS in Economics but I wonder..............what do you need to be called an economist???..............I guess a PhD and lots of political support.

INFLATION AT 2% WILL DOUBLE PRICES IN JUST 35 YEARS YEAR 1,000.00 2% 100% 1,020.00 1 1,020.00 2% 100% 1,040.40 2 1,040.40 2% 100% 1,061.21 3 1,061.21 2% 100% 1,082.43 4 1,082.43 2% 100% 1,104.08 5 1,104.08 2% 100% 1,126.16 6 1,126.16 2% 100% 1,148.69 7...

I agree with you my friend. I see a revolution under way...........something will change. The best think that could happen is to cancel all debt and nationalize the banking industry. then create a new system with very low fractional reserve lending or none at all.

Absolutely right, but.................either outcome requires a revolution in the way we do banking. I have a thread about this topic. http://www.elitetrader.com/vb/showthread.php?threadid=152874

You are right...........what I would like people to realize is that banks lend you your own money. What a business.

Could this be the beginning of the end of Fractional Reserve Lending??? A major Revolution in the way we do banking is already underway. Since WW2 Credit has been running rampant all over the world. In 1971 all major world currencies became 100% fiat. Since 1971 credit (debt) has expanded to...

Why jews man?? Aren't they busy with their war??

Of course its coming..........the fed created trillions ............if we take them at the 10% reserve requirements it will 10th fold whatever amount the fed has printed already.....................I LOST COUNT:confused:

It worked AWESOME in Cuba until the late 1990's due to the crisis after the Soviet Union death. While it worked.................it provided 5 star healthcare for 11 million cubans

How about abolishing fractional lending???

China wont buy more US debt?? Where did you hear that??

Excellent point. Back in 2006 when mortgages were starting to get higher than rent payments I knew something was wrong. During that time I was an Economics student.............when I predicted some major crisis for the Miami-Dade County, everyone called me insane and that I needed to pay more...

Not really my friend. Equilibrium for houses has a ceiling...........what I can pay for it. If inflated......consumers wont be able to pay........they will foreclosure as it is happening now. Raising interest rates was something foolish done in the 1930's which precipitated the recession into a...

Congress and Obama made it clear…..”The crisis will go on and on”……. The true cause of the economic crisis has been left unattended by our leaders. - As long as housing prices keep falling and properties being foreclosured upon…………there will be turmoil in the banking...

Maybe that was the transferred amount.

I have no doubt that this is all being staged…………….however, I don’t have a clue about their goal with all this mess………..maybe WW3??/